2026-05-15T09:20:34+00:00 2025-06-30 135565207 KPMG LLP 60 South Street Boston MA 02111 990 2024-07-01 042103637 Wellesley College WELL 7812831000 106 CENTRAL STREET WELLESLEY MA 024818203 PAULA A JOHNSON President 7812831000 2026-05-15 true true Kristin Anderson P01231300 6179881000 2026-05-11 2024 2025-03-06 01:10:19Z PAULA A JOHNSON 106 CENTRAL STREET WELLESLEY MA 024818203 625057236 false X WWW.WELLESLEY.EDU X 1870 MA TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION FOR WOMEN WHO WILL MAKE A DIFFERENCE IN THE WORLD. 34 33 3003 0 11396743 2534090 61979755 98926717 192485812 205917971 114526974 179405620 10074738 2486885 379067279 486737193 79019986 79030421 0 147977179 156489140 0 9527194 134703425 138798465 361700590 374318026 17366689 112419167 3899240908 4206499425 601833309 583313487 3297407599 3623185938 TO PROVIDE AN EXCELLENT LIBERAL ARTS EDUCATION FOR WOMEN WHO WILL MAKE A DIFFERENCE IN THE WORLD. false false 194040763 205557903 OUTSTANDING EDUCATION: WELLESLEY COLLEGE IS COMMITTED TO ENSURING THAT OUR EXCELLENT LIBERAL ARTS CURRICULUM IS BOTH INTELLECTUALLY AND CULTURALLY BROAD TO PREPARE OUR GRADUATES FOR THEIR LIVES AFTER COLLEGE. WELLESLEY OFFERS MORE THAN 50 DEPARTMENTAL AND INTERDEPARTMENTAL MAJORS TO APPROXIMATELY 2,300 STUDENTS. THE AVERAGE CLASS SIZE IS 17 TO 20 STUDENTS WITH A 7:1 STUDENT- FACULTY RATIO. 82814658 79030421 WELLELSEY COLLEGE HAS A LONG TRADITION OF NEED-BLIND ADMISSION FOR U.S. CITIZENS AND PERMANENT RESIDENTS, MAKING ADMISSION DECISIONS WITHOUT REGARD TO A FAMILY'S FINANCIAL SITUATION. THROUGH ITS FINANCIAL AID PROGRAM, THE COLLEGE MEETS 100 PERCENT OF A STUDENT'S DEMONSTRATED FINANCIAL NEED. RESOURCES DEDICATED TO THE FINANCIAL AID PROGRAM ENSURE THAT WELLESLEY IS SUCCESSFUL IN RECRUITING AND ENROLLING A STRONG AND DIVERSE STUDENT BODY WITH CONTINUED ATTENTION TO ISSUES OF FUNDING AND AFFORDABILITY. APPROXIMATELY 60% OF THE STUDENT BODY RECEIVES FINANCIAL AID. 11933450 347568 SPONSORED RESEARCH: WELLESLEY PRIDES ITSELF ON ITS COMMITMENT TO SUPPORTING THE TEACHER-SCHOLAR IDEAL, ENABLING OUR GIFTED FACULTY MEMBERS TO INTEGRATE THEIR LOVE OF TEACHING AND WORKING CLOSELY WITH STUDENTS WITH THEIR PURSUIT OF THE ADVANCEMENT OF KNOWLEDGE THROUGH THEIR WORLD-CLASS RESEARCH. 288788871 true true true true false false false true false true true true false false true true true false true false true false true false false false false false true true true false false false false false true false false false false true true false false true true true true false false true X 534 0 true 3003 true true true true FR false false false false false false false false true true X 34 33 false false false false false false false true true false false false false true true true true true true true false false MA X X X PIPER ORTON 7812831000 106 CENTRAL STREET WELLESLEY MA 02481 Paula A Johnson President 70.0 0.0 X X 1201442 0 162773 Anne Shen Chao Trustee 2.0 0.0 X 0 0 0 Beth C Friedman Trustee 2.0 0.0 X 0 0 0 Brian C Broderick Trustee 2.0 0.0 X 0 0 0 Callie Crossley Trustee 2.0 0.0 X 0 0 0 Cheryl Jenkins Haywood Trustee 2.0 0.0 X 0 0 0 Christopher T Pasko Vice Chair 2.0 0.0 X 0 0 0 Debora Hoyos Chair 12.0 0.0 X 0 0 0 Dena Boronkay Rashes Trustee (As of 7/24) 2.0 0.0 X 0 0 0 Dolores L Arredondo Trustee 2.0 0.0 X 0 0 0 Douglas W Hollett Trustee 2.0 0.0 X 0 0 0 Elizabeth Desmond Trustee 2.0 0.0 X 0 0 0 Elizabeth F McCormack Trustee 2.0 0.0 X 0 0 0 Elyse Cherry Trustee 2.0 0.0 X 0 0 0 Jennifer Eplett Reilly Trustee (As of 7/24) 2.0 0.0 X 0 0 0 Jennifer M Smith Trustee 2.0 0.0 X 0 0 0 Julie H Jones Trustee 2.0 0.0 X 0 0 0 Maia Heymann Trustee 2.0 0.0 X 0 0 0 Martha Goldberg Aronson Trustee 2.0 0.0 X 0 0 0 Mary Ann Tsao Trustee 2.0 0.0 X 0 0 0 Ophelia Dahl Trustee 2.0 0.0 X 0 0 0 Patrick Lee Trustee 2.0 0.0 X 0 0 0 Paulina Ponce de Len Barid Trustee 2.0 0.0 X 0 0 0 Peter Tufano Trustee 2.0 0.0 X 0 0 0 Sandra Horbach Trustee 2.0 0.0 X 0 0 0 Sarah Jane Gunter Vice Chair 10.0 0.0 X 0 0 0 Sophia Shaw Trustee 2.0 0.0 X 0 0 0 Stephanie Hsieh Trustee (As of 7/24) 2.0 0.0 X 0 0 0 Susan Harmon Trustee (As of 7/24) 2.0 0.0 X 0 0 0 Susan Koenigsberg Lucas Trustee 2.0 0.0 X 0 0 0 Susan Saltzbart Kilsby Trustee 2.0 0.0 X 0 0 0 Suzanne Frey Trustee 2.0 0.0 X 0 0 0 Tatiana Ivy Moise Trustee 2.0 0.0 X 0 0 0 Vivian Kao Trustee 2.0 0.0 X 0 0 0 Courtney Coile Provost and Dean of College (As of 7/24) 60.0 0.0 X 247415 0 26098 Crystal Daugherty VP for Development & Pub. Aff. (Until 10/24) 60.0 0.0 X 410993 0 21205 Deborah F Kuenstner Chief Investment Officer 60.0 0.0 X 1797310 0 66527 Marisa Jaffe VP for Development & Pub. Aff. 60.0 0.0 X 216788 0 22651 Piper Orton VP for Fin. & Admin. & Treas. 60.0 0.0 X 476000 0 48070 Megan Nunez Dean of Faculty Affairs 60.0 0.0 X 277921 0 123972 Michael Jeffries Dean of Academic Aff. 60.0 0.0 X 266117 0 54206 Sheilah Horton Dean of Students 60.0 0.0 X 327852 0 125559 Theresa Peaches Valdes Dean of Admission & Stu. Fin. Svcs 60.0 0.0 X 277192 0 39833 Christopher Parker Investment Director 60.0 0.0 X 404265 0 93490 Karen Petrulakis General Counsel 60.0 0.0 X 441570 0 69251 Matthew Veilleux Investment Director 60.0 0.0 X 508384 0 81343 Ray Oquendo Chief Operating Officer 60.0 0.0 X 957910 0 70057 Rose C Carpenter Deputy CIO 60.0 0.0 X 1026440 0 174080 Andrew Shennan Provost and Dean of College (Until 6/24) 30.0 0.0 X 413832 0 58462 Ann Velenchik Former Dean of Academic Aff. 60.0 0.0 X 213590 0 32662 9465021 0 1270239 382 true true false Turner Construction Company 2 Seaport Lane - 2nd Floor Boston MA 02210 Construction 57381279 Dellbrook Construction LLC One Adams Place Quincy MA 02169 Construction 18424586 Walsh Brothers Incorporated 210 Commercial Street Boston MA 02109 Construction 11599994 Suffolk Construction Company Inc 65 Allerton Street Boston MA 02119 Construction 9049251 Bowdoin Construction 220-1 Reservoir Street Needham MA 02494 Construction 6678317 145 4846769 94079948 7564413 98926717 STUDENT TUITION AND FEES 900099 153724044 153724044 STUDENT ROOM AND BOARD 900099 44038589 44038589 AUXILIARY ENTERPRISES 900099 3495885 3483385 12500 WELLESLEY CENTERS FOR WOMEN 900099 1600625 1600625 SPONSORED RESEARCH 900099 347568 347568 2711260 2711260 0 0 205917971 23128663 6405169 16723494 0 0 292805000 1792000 137340974 979069 155464026 812931 156276957 2492189 153784768 Nehoiden Golf Club 713990 2486885 2486885 0 0 0 0 2486885 486737193 205905471 11396743 170508262 68396680 68396680 10633741 10633741 5037569 1581145 2923662 532762 622462 622462 109348341 79461840 24838807 5047694 10807357 8636153 1805373 365831 22461003 15662935 6213805 584263 8212408 5877465 2000924 334019 7172997 192874 6972241 7882 1297759 55732 1242027 656386 656386 114800 114800 7745090 7587831 157259 17126017 4515101 12029252 581664 5760699 4062037 1609656 89006 4925789 4594332 203854 127603 250 250 7354077 432515 6920989 573 7527018 4605801 2302697 618520 140373 88996 49343 2034 15797768 15797768 33091117 29122507 3306788 661822 3688708 3688708 BANK FEES 8157249 8156746 503 STUDY AWAY EXPENSES 6551403 6511236 40167 EQUIPMENT RENTAL 1462896 711402 716352 35142 PRINTING & MAILING 555457 221597 96346 237514 9672612 7571017 1801233 300362 374318026 288788871 76001961 9527194 31171037 18626909 121900238 130231680 42487705 67943778 1381256 288988 300000 300000 0 0 4793383 4778879 594645 474296 6900375 13187126 1205336402 472718075 633300286 732618327 1128244000 1168526000 1928167983 2069523442 0 0 0 3899240908 4206499425 80183401 68238808 707830 142733 13810547 13492424 219338854 216041490 0 0 229797742 228570923 57994935 56827109 601833309 583313487 1015050000 1103606000 2282357599 2519579938 3297407599 3623185938 3899240908 4206499425 X 112419167 189082231 24276941 X false true true true true X 68183815 60807794 45718423 61724755 98926717 335361504 0 0 68183815 60807794 45718423 61724755 98926717 335361504 13847989 321513515 9992901 14893756 24476756 19865871 16723494 85952778 2678853 2534090 5212943 5575733 9371692 9734250 7991277 0 32672952 459200177 952307906 0.70016 0.67462 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0.0 X 0 0 0 0 0 0 Schedule A, Part II, Line 10 Other Income DESCRIPTION - AUXILIARY ENTERPRISES, COLUMN A - 3078229.0, COLUMN B - 2641956.0, COLUMN C - 3739264.0, COLUMN D - 4078825.0, COLUMN E - , COLUMN F - 13538274.0; DESCRIPTION - OTHER REVENUE, COLUMN A - 2493246.0, COLUMN B - 6729736.0, COLUMN C - 5994986.0, COLUMN D - 3912452.0, COLUMN E - , COLUMN F - 19130420.0; DESCRIPTION - WELLESLEY COLLEGE CLUB, COLUMN A - 4258.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 4258.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 2400 false true 127636 130036 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY THE COLLEGE ENGAGES A GOVERNMENTAL RELATIONS FIRM FOR DIRECT LOBBYING ACTIVITIES ON BEHALF OF THE COLLEGE. ADDITIONALLY, THE COLLEGE PAID MEMBERSHIP DUES TO ASSOCIATIONS FOR HIGHER EDUCATION INSTITUTIONS, SOME PORTION OF WHICH MAY HAVE BEEN USED FOR LOBBYING ACTIVITIES. X X X false 2991223949 46870855 332909853 62723148 138559560 3169721949 2888869551 17816296 207245641 60470205 62237334 2991223949 2846864931 43749570 108025943 53816843 55954050 2888869551 3236785461 23310440 -306875113 48331934 58023923 2846864931 2285397056 21401639 1026472781 44409376 52076639 3236785461 0.2742 0.7258 0.0 false false 36423426 36423426 1014850656 441413952 573436704 23196608 13421829 9774779 130865712 17882294 112983418 732618327 Closely-held equity interests Financial derivatives PRIVATE EQUITY 1144887000 F REAL ASSETS 157578000 F ABSOLUTE RETURN 688246000 F MISCELLANEOUS OTHER 78812442 F 2069523442 Federal Income Taxes ANNUITIES & UNITRUSTS PAYABLE 30558246 ASSET RETIREMENT & ENVIRONMENTAL OBLIGATION 26268863 GOVERNMENT LOAN ADVANCES 56827109 X 607242297 189082231 24276940 213359171 393883126 24491337 68362730 92854067 486737193 281463959 0 0 281463959 24491337 68362730 92854067 374318026 Schedule D, Part III, Line 1a FINANCIAL STATEMENT FOOTNOTE REGARDING ART COLLECTION WELLESLEY COLLEGE DOES NOT REPORT AS REVENUE ANY GIFTS THAT ARE WORKS OF ART. IN ADDITION, THE COLLEGE DOES NOT CAPITALIZE WORKS OF ART AS ASSETS ON ITS BALANCE SHEET. THIS TREATMENT IS PERMITTED UNDER SFAS 116. THE COLLEGE'S AUDITED FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING WORKS OF ART, HISTORICAL TREASURE, OR OTHER SIMILAR ASSETS HELD FOR PUBLIC EXHIBITION, EDUCATION OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE. Schedule D, Part III, Line 4 DESCRIPTION OF ORGANIZATION'S COLLECTION THE DAVIS MUSEUM AND CULTURAL CENTER HAS A PERMANENT COLLECTION OF APPROXIMATELY 16,500 OBJECTS DATING FROM ANCIENT TIMES TO PRESENT DAY. INCLUDED ARE PAINTINGS, SCULPTURES, DECORATIVE OBJECTS, AND WORKS ON PAPER REPRESENTING CULTURES AROUND THE WORLD. THE COLLECTION OF THE MUSEUM SERVES AS A VALUED TEACHING RESOURCE FOR STUDENTS AND FACULTY IN MULTIPLE DISCIPLINES. PROFESSORS FREQUENTLY ASSIGN STUDENTS TO SEE AND WRITE ABOUT PIECES BEING SHOWN IN THE MUSEUM; THE MUSEUM ALSO MAKES AVAILABLE WORKS FROM THE PERMANENT COLLECTION TO CLASSES MEETING IN THE MUSEUM. FUNDAMENTAL TO THE SPIRIT OF THESE EXERCISES IS THE STUDENTS' ENCOUNTERS WITH ORIGINAL WORKS OF ART. Schedule D, Part V, Line 2 WELLESLEY COLLEGE HAS ADOPTED ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS FOR NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2025 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF SCHEDULE D, LINE 2, WELLESLEY COLLEGE HAS REPORTED ENDOWMENT FUNDS WITHOUT DONOR RESTRICTIONS AS BOARD DESIGNATED OR QUASI-ENDOWMENT AND ENDOWMENT FUNDS WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT, RESPECTIVELY. Schedule D, Part V, Line 4 Intended uses of endowment funds INTENDED USES OF ENDOWMENT FUNDS THE WELLESLEY COLLEGE ENDOWMENT PROVIDES CRITICAL FUNDING THAT SUPPORTS FINANCIAL AID AND FACULTY SALARIES, MAINTAINS AND EXPANDS FACILITIES, AND UNDERWRITES NEW INITIATIVES AND PROGRAMS. THE ENDOWMENT HAS GROWN TO PROVIDE APPROXIMATELY 40% OF OPERATING REVENUE. WELLESLEY COLLEGE'S STRONG AND PRUDENT FINANCIAL MANAGEMENT ENSURES THE PURCHASING POWER OF THE ENDOWMENT FOR GENERATIONS TO COME. THE TOP USES OF THE ENDOWMENT FOR FY2025 WERE FINANCIAL AID AND FACULTY SALARIES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE COLLEGE HAS NO MATERIAL UNCERTAIN TAX PROVISIONS AS OF JUNE 30, 2025 AND 2024. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Unrealized Gain (Loss) on Interest Rate Swap - -579382 Periodic Related Changes other than Net Periodic Pension - 950100 Merger of Wellesley College Alumnae Association - 23906222 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Financial Aid and Other Non-Operating Expenses - 68362730 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Financial Aid and Other Non-Operating Expenses - 68362730 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE COLLEGE PUBLICIZES ITS NONDISCRIMINATORY POLICY ON ITS PRIMARILY PUBLICLY ACCESSIBLE INTERNET HOME PAGE AT ALL TIMES DURING THE YEAR. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT WELLESLEY COLLEGE PARTICIPATES IN VARIOUS STUDENT FINANCIAL AID PROGRAMS FROM THE U.S. DEPARTMENT OF EDUCATION, INCLUDING THE FOLLOWING PROGRAMS: PELL GRANTS, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PERKINS LOANS, AND COLLEGE WORK-STUDY PROGRAMS. true Central America and the Caribbean 0 0 Program Services STUDY ABROAD AND GLOBAL INTERNSHIPS 236730 East Asia and the Pacific 0 0 Program Services STUDY ABROAD AND GLOBAL INTERNSHIPS 450503 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD AND GLOBAL INTERNSHIPS 6236763 Middle East and North Africa 0 0 Program Services STUDY ABROAD AND GLOBAL INTERNSHIPS 52805 South America 0 0 Program Services STUDY ABROAD AND GLOBAL INTERNSHIPS 257870 South Asia 0 0 Program Services STUDY ABROAD AND GLOBAL INTERNSHIPS 51959 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD AND GLOBAL INTERNSHIPS 104794 North America (Canada & Mexico only) 0 0 Program Services STUDY ABROAD AND GLOBAL INTERNSHIPS 70032 Russia and Neighboring States 0 0 Program Services STUDY ABROAD AND GLOBAL INTERNSHIPS 4000 Central America and the Caribbean 0 0 GRANTS TO STUDENTS FINANCIAL AID 944706 East Asia and the Pacific 0 0 GRANTS TO STUDENTS FINANCIAL AID 2422680 Europe (Including Iceland and Greenland) 0 0 GRANTS TO STUDENTS FINANCIAL AID 795469 Middle East and North Africa 0 0 GRANTS TO STUDENTS FINANCIAL AID 392040 Russia and Neighboring States 0 0 GRANTS TO STUDENTS FINANCIAL AID 934907 South America 0 0 GRANTS TO STUDENTS FINANCIAL AID 999977 South Asia 0 0 GRANTS TO STUDENTS FINANCIAL AID 1240201 Sub-Saharan Africa 0 0 GRANTS TO STUDENTS FINANCIAL AID 2137205 North America (Canada & Mexico only) 0 0 GRANTS TO STUDENTS FINANCIAL AID 766556 Central America and the Caribbean 0 0 Investments 959178483 North America (Canada & Mexico only) 0 0 Investments 5131701 Europe (Including Iceland and Greenland) 0 0 Investments 144072219 Sub-Saharan Africa 0 0 Investments 29174555 0 0 0 0 0 0 15195436 1140460719 1155656155 FINANCIAL AID Central America and the Caribbean 11 944706 CREDIT TO STUDENT ACCOUNT FINANCIAL AID East Asia and the Pacific 51 2422680 CREDIT TO STUDENT ACCOUNT FINANCIAL AID Europe (Including Iceland and Greenland) 10 795469 CREDIT TO STUDENT ACCOUNT FINANCIAL AID Middle East and North Africa 5 392040 CREDIT TO STUDENT ACCOUNT FINANCIAL AID Russia and Neighboring States 10 934907 CREDIT TO STUDENT ACCOUNT FINANCIAL AID South America 13 999977 CREDIT TO STUDENT ACCOUNT FINANCIAL AID South Asia 15 1240201 CREDIT TO STUDENT ACCOUNT FINANCIAL AID Sub-Saharan Africa 24 2137205 CREDIT TO STUDENT ACCOUNT FINANCIAL AID North America (Canada & Mexico only) 10 766556 CREDIT TO STUDENT ACCOUNT true false true true true true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE COLLEGE AWARDS AID TO MEET 100% OF A STUDENT'S DEMONSTRATED NEED. ALL AID IS CREDITED TO THE STUDENT'S ACCOUNT. IF THE STUDENT WITHDRAWS FROM WELLESLEY, THE AID IS ADJUSTED ACCORDINGLY. FINANCIAL AID PAYMENTS IN CONNECTION WITH A STUDY ABROAD PROGRAM ARE MADE WHILE THE STUDENT IS LIVING OUTSIDE THE UNITED STATES. true FINANCIAL AID 1170 68396680 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE COLLEGE AWARDS AID TO MEET 100% OF A STUDENT'S DEMONSTRATED NEED. ALL AID IS CREDITED TO THE STUDENT'S ACCOUNT. IF THE STUDENT WITHDRAWS FROM WELLESLEY, THE AID IS ADJUSTED ACCORDINGLY. X X X true true X X X X true false false false false false false true false Paula A Johnson President 761542 0 0 0 439900 0 36225 0 126548 0 1364215 0 0 0 Andrew Shennan Provost and Dean of College (Until 6/24) 378696 0 30000 0 5136 0 35789 0 22673 0 472294 0 0 0 Deborah F Kuenstner Chief Investment Officer 740399 0 1050815 0 6096 0 36225 0 30302 0 1863837 0 0 0 Piper Orton VP for Fin. & Admin. & Treas. 454904 0 15000 0 6096 0 36225 0 11845 0 524070 0 0 0 Crystal Daugherty VP for Development & Pub. Aff. (Until 10/24) 293005 0 0 0 117988 0 20337 0 868 0 432198 0 0 0 Courtney Coile Provost and Dean of College (As of 7/24) 246846 0 0 0 569 0 26098 0 0 0 273513 0 0 0 Marisa Jaffe VP for Development & Pub. Aff. 216308 0 0 0 480 0 22651 0 0 0 239439 0 0 0 Ann Velenchik Former Dean of Academic Aff. 204835 0 0 0 8755 0 22632 0 10030 0 246252 0 0 0 Sheilah Horton Dean of Students 308806 0 15000 0 4046 0 34383 0 91176 0 453411 0 0 0 Megan Nunez Dean of Faculty Affairs 258318 0 15000 0 4603 0 30097 0 93875 0 401893 0 0 0 Michael Jeffries Dean of Academic Aff. 250864 0 15000 0 253 0 27236 0 26970 0 320323 0 0 0 Theresa Peaches Valdes Dean of Admission & Stu. Fin. Svcs 276776 0 0 0 416 0 28732 0 11101 0 317025 0 0 0 Rose C Carpenter Deputy CIO 575960 0 450000 0 480 0 141105 0 32975 0 1200520 0 0 0 Ray Oquendo Chief Operating Officer 519742 0 435000 0 3168 0 36225 0 33832 0 1027967 0 0 0 Matthew Veilleux Investment Director 313782 0 193278 0 1324 0 74398 0 6945 0 589727 0 0 0 Karen Petrulakis General Counsel 403982 0 15000 0 22588 0 36225 0 33026 0 510821 0 0 0 Christopher Parker Investment Director 306441 0 97500 0 324 0 61928 0 31562 0 497755 0 0 0 Schedule J, Part I, Line 1a Travel for companions WELLESLEY COLLEGE'S POLICY IS THAT THE COLLEGE WILL NOT PAY FOR OR REIMBURSE TRAVEL, MEALS, AND EXPENSES OF THE SPOUSE/PARTNER OF AN EMPLOYEE WITH THE EXCEPTION OF THE PRESIDENT. SPECIFICALLY, WHILE PERFORMING HER OFFICIAL DUTIES IN THE AREA OF DEVELOPMENT, ALUMNAE RELATIONS, AND OTHER BUSINESS OF THE COLLEGE, THE PRESIDENT MAY BE ACCOMPANIED BY HER SPOUSE, WHO IS EXPECTED TO MAKE AN IMPORTANT CONTRIBUTION TO ACHIEVING THE PURPOSES OF THE TRAVEL OR EVENTS. IN THOSE CASES, THE COLLEGE'S POLICY IS TO AUTHORIZE THE PAYMENT OF ALL TRAVEL AND RELATED EXPENSES OF THE PRESIDENT'S SPOUSE, WHICH IS TREATED AS NONTAXABLE COMPENSATION. Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE COLLEGE PROVIDES HOUSING TO CERTAIN EMPLOYEES AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE AND BENEFIT OF THE COLLEGE. THE PRESIDENT, VICE PRESIDENT AND DEAN OF STUDENTS EACH RECEIVE HOUSING. THE AMOUNT OF THIS HOUSING IS TREATED AS NONTAXABLE COMPENSATION UNDER IRC SECTION 119. Schedule J, Part I, Line 1a Personal services THE COLLEGE WILL NOT PAY FOR PERSONAL SERVICES WITH THE EXCEPTION OF THE PRESIDENT'S HOUSE. SINCE THE PRESIDENT'S HOUSE IS USED EXTENSIVELY FOR COLLEGE BUSINESS, HOUSEKEEPING SERVICES ARE PROVIDED FOR THE GENERAL SPACE. A CHEF PROVIDES MEALS AT THE PRESIDENT'S HOUSE FOR BUSINESS PURPOSE FUNCTIONS. PERSONAL SERVICES PROVIDED TO EMPLOYEES ARE APPROPRIATELY REPORTED AS TAXABLE COMPENSATION. Schedule J, Part I, Line 4a Severance or change-of-control payment Crystal Daugherty, Former VP for Development & Pub. Aff., received a severance payment of $95,738. Schedule J, Part I, Line 7 Non-fixed payments NONFIXED PAYMENTS EMPLOYEES IN THE INVESTMENT OFFICE HAVE AN INCENTIVE PERFORMANCE-RELATED BONUS SYSTEM BASED ON THE INVESTMENT PERFORMANCE OF THE WELLESLEY COLLEGE ENDOWMENT. TOTAL COMPENSATION IS REVIEWED IN COMPARISON TO MARKET DATA PROVIDED BY INDEPENDENT THIRD PARTIES AND APPROVED BY A COMMITTEE ON THE BOARD. EMPLOYEES OTHER THAN INVESTMENT OFFICE EMPLOYEES ARE ABLE TO RECEIVE MERIT-BASED BONUS COMPENSATION. Schedule J, Part II, Column (B)(iii) DEFERRED COMPENSATION THE COLLEGE MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) FOR THE PRESIDENT. UNDER THE TERMS OF THE PLAN, THE COLLEGE WAS REQUIRED TO DISTRIBUTE A PORTION OF VESTED DEFERRED COMPENSATION TO THE PRESIDENT DURING FISCAL YEAR 2025. A MHEFA 2008 SERIES I 042103637 57586CP25 2008-01-28 57385000 CONSTRUCTION - REFINANCING 1999 false false false B MHEFA 2018 SERIES L 042103637 57584YES4 2018-03-01 105663450 CONSTRUCTION - REFINANCING 1999 false false false C MHEFA 2022 SERIES M 042103637 57584Y2L2 2022-04-01 50862192 CONSTRUCTION - REFINANCING 2012 false false false A 57385000 530057 25447000 31407943 2010 false true true true B 11850000 96500000 832680 90842320 4825000 2020 true false true true C 44960000 491488 44468512 2022 true false true true A false false true true true true 0.0 0.0 0.0 false false 0 false true B false false true true false false 0.0 0.0 0.0 false false 0 false true C false false true true false false 0.0 0.0 0.0 false false 0 false true A false false false true true true JP MORGAN 31.4 false false false 0 false false true B false false false true true false 0 false false false 0 false false true C false true false false false false 0 false false false 0 false false true A true B true C true Schedule K, Part II, Line 3 COLUMN B MHEFA 2008 SERIES L COLUMN C MHEFA 2018 SERIES M THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS AND THE ISSUE PRICE REPRESENTS ORIGINAL ISSUE PREMIUM ON THE BOND. Schedule K, Part III, Line 3c COLUMN A - MHEFA 2008 SERIES I THERE ARE RESEARCH AGREEMENTS THAT INVOLVE THE USE OF BOND FINANCED SPACE WHICH THE COLLEGE ROUTINELY ENGAGES BOND COUNSEL TO REVIEW WHETHER ANY RESEARCH AGREEMENTS RESULT IN PRIVATE BUSINESS USE. BASED ON REVIEW, NO KNOWN PRIVATE BUSINESS USE EXISTS. Schedule K, Part III, Line 9 UNDER REGULATION SECTIONS 1.141-12 AND 1.145-2, WELLESLEY COLLEGE HAS ESTABLISHED WRITTEN PROCEDURES AS OF OCTOBER 3, 2014. Schedule K, Part IV, Line 2a COLUMN A - MHEFA 2008 SERIES I THE MHEFA 2008 SERIES I BOND ISSUE REBATE CALCULATION WAS PERFORMED FEBRUARY 3, 2023. COLUMN B - MDFA 2018 SERIES L THE FIRST REBATE CALCULATION FOR THE MDFA SERIES L BOND WAS PERFORMED AUGUST 2, 2022. COLUMN B - MDFA 2022 SERIES M THE MDFA SERIES M BOND WAS ISSUED IN FEBRUARY 2022. THE REBATE IS NOT DUE YET. ANDREW SHENNAN FORMER OFFICER MORTGAGE X 300000 300000 false true true 300000 36 0 Other - NOT REPORTED UNDER ASC 958 157 7564413 Other - AVERAGE SELLIN PRICE X Music Instrument 1 0 Other - NOT REPORTED UNDER ASC 958 X Scholars' Rocks 15 0 Other - NOT REPORTED UNDER ASC 958 4 false true false Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 REVIEW: THE FORM 990 WAS PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE COLLEGE'S FINANCE OFFICE. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES REVIEWED THE FORM 990 AND ALL REQUIRED SCHEDULES PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990 AND ALL REQUIRED SCHEDULES WERE ALSO DISTRIBUTED TO THE FULL BOARD OF TRUSTEES BEFORE FILING. FORM 990 PROVIDED TO GOVERNING BODY: THE FORM 990 PROVIDED TO THE FULL BOARD OF TRUSTEES IS A COMPLETE COPY WITH THE EXCEPTION OF DONOR INFORMATION ON SCHEDULE B. BECAUSE OF THE PRIVATE AND CONFIDENTIAL NATURE OF THIS INFORMATION, THE COLLEGE HAS CHOSEN NOT TO DISCLOSE THE IDENTITIES AND ADDRESSES OF ITS DONORS. AS SUCH, THE COLLEGE IS REQUIRED TO ANSWER THE QUESTION ON LINE 11A "NO" EVEN THOUGH THE BOARD RECEIVES A COMPLETE COPY OF THE FORM 990 EXCEPT FOR DONOR NAMES AND ADDRESSES. Form 990, Part VI, Line 12c Conflict of interest policy MONITORING AND ENFORCEMENT OF CONFLICT POLICY: CONFLICT OF INTEREST POLICIES ARE IN PLACE FOR TRUSTEES, OFFICERS, EXTERNAL INVESTMENT COMMITTEE MEMBERS, AND ALL EMPLOYEES. TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE - AT LEAST AS OFTEN AS ANNUALLY AND WHENEVER A POTENTIAL CONFLICT ISSUE ARISES - FINANCIAL OR PERSONAL INTERESTS WHICH MAY GIVE RISE TO CONFLICTS. THE CLERK OF THE BOARD OF TRUSTEES PROVIDES AN ANNUAL REPORT TO THE TRUSTEES SUMMARIZING THE CONFLICT OR POTENTIAL CONFLICTS ISSUES. AT LEAST ANNUALLY, THE TRUSTEES REVIEW THE COLLEGE'S RELATIONSHIPS WITH SIGNIFICANT VENDORS OR SERVICE PROVIDERS SERVING THE COLLEGE TO ASSURE THAT SUCH RELATIONSHIPS ARE IN THE BEST INTEREST OF THE COLLEGE AND ARE OTHERWISE CONSISTENT WITH THE TERMS OF THE CONFLICT-OF-INTEREST POLICY. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION REVIEW AND APPROVAL: THE COMPENSATION OF THE PRESIDENT IS DETERMINED BY THE TALENT AND COMPENSATION COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF TRUSTEES. THE TALENT AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES UTILIZES INDEPENDENT EXTERNAL CONSULTANTS TO ASSIST WITH BOTH THE REVIEW OF COMPENSATION GUIDELINES AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6, INCLUDING CONTEMPERANEOUS DOCUMENTATION OF COMPENSATION DECISIONS. THESE GUIDELINES INCLUDE REVIEW OF THE MARKET BY LOOKING AT SALARIES FOR COMPARABLE POSITIONS AS WELL AS A MERIT PROGRAM BASED ON PERFORMANCE. COMPENSATION DECISIONS ARE MADE BY PERSONS WHO ARE INDEPENDENT OF THE EMPLOYEES FOR WHOM THE COMPENSATION IS BEING DETERMINED. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE COMPENSATION OF OFFICERS OF THE COLLEGE IS DETERMINED BY THE TALENT AND COMPENSATION COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF TRUSTEES. THE TALENT AND COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES UTILIZES INDEPENDENT EXTERNAL CONSULTANTS TO ASSIST WITH BOTH THE REVIEW OF COMPENSATION GUIDELINES AND THE GATHERING OF COMPARABILITY DATA IN DETERMINING THE REASONABLENESS OF COMPENSATION AND COMPLIANCE WITH THE PROCEDURES DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6, INCLUDING CONTEMPERANEOUS DOCUMENTATION OF COMPENSATION DECISIONS. KEY EMPLOYEES ARE COMPENSATED BASED UPON THE GUIDELINES THE COLLEGE HAS FOR ADMINISTRATIVE AND FACULTY EMPLOYEES. THESE GUIDELINES INCLUDE REVIEW OF THE MARKET BY LOOKING AT SALARIES FOR COMPARABLE POSITIONS AS WELL AS A MERIT PROGRAM BASED ON PERFORMANCE. COMPENSATION DECISIONS ARE MADE BY PERSONS WHO ARE INDEPENDENT OF THE EMPLOYEES FOR WHOM THE COMPENSATION IS BEING DETERMINED. Form 990, Part VI, Line 19 Required documents available to the public AVAILABILITY OF DOCUMENTS: THE COLLEGE'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE COLLEGE'S WEBSITE. THE CONFLICT-OF-INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part VIII, Line 2f Other Program Service Revenue OTHER REVENUE - Total Revenue: 2711260, Related or Exempt Function Revenue: 2711260, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances UNREALIZED GAIN (LOSS) ON INTEREST RATE SWAP - -579381; PERIODIC RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST - 950100; MERGER OF WELLESLEY COLLEGE ALUMNI ASSOCIATION - 23906222; Total - 24276941; WELLESLEY COLLEGE FOUNDATION UK LIMITED 19 NORCOTT ROAD LONDON UK N167EJ 981196154 COLLEGE FUNDRAISING UK 189004 188955 WELLESLEY COLLEGE WELLESLEY-IN-AIX 25 RUE GASTON DE SAPORTA AIXENPROVENCE FR 13100 999999999 EDUCATION FR 501(c)(3) 2 WELLESLEY COLLEGE true POOLED INCOME FUNDS (5) INVESTMENT MA Trust true CHARITABLE REMAINDER TRUSTS (2) INVESTMENT MA Trust true false false false false false false false false false false false false false false false false false false true Pooled Income Funds (5) S 236132 Accrual Charitable Remainder Trusts (2) S 196059 Accrual