Wheelock College

Nonprofit profile at a glance

EIN
042103639
IRS 990 coverage
2009–2016
Forms available
Form 990 2016
Location
Boston, MA, USA
Phone
6178792000
Rating
81
Verdict
STRONG
Rating confidence
Standard
Sector
University or Technological Institute

Official website

Reported finances

Revenue
$50,390,335
Expenses
$55,162,701
Assets
$139,653,229
Liabilities
$45,431,582

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

42 people listed

Executive titles in this filing

  • David Chard (President)
  • Anne Marie Martorana (Vice President - Chief Financial Officer)
  • Roy Schifilliti (Vice President)
  • Beth Fredericks (Executive Director for Wheelock College - Singapore Programs and Partnerships)
  • Jackie JenkinsScott (Former President)

Highest reported compensation

  • Jackie JenkinsScott (Former President): $394,965 total reported compensation
  • Roy Schifilliti (Vice President): $242,768 total reported compensation
  • Anne Marie Martorana (Vice President - Chief Financial Officer): $230,684 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Wheelock's mission is to improve the lives of children and families. As a private college with a public mission, Wheelock College strives to be the premier college that educates people to create a safe, caring, and just world for all children and families. Wheelock College cultivates a passion for learning among all members of its community. We are a diverse learning community whose members respect differences among people, their ideas, and their ways of acting in the world.

What it reported doing in 2016

Social Science and Related Studies: Instructional programs for undergraduate and graduate students in the areas of education, social work and child life. Programs include classroom instruction as well as practical experience at school and social service agencies.

Operating model

Revenue model
Other-operating. 92% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 83
  • Accountability: 91
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.5%; rating input score 89
  • Program expense ratio: 80.1%; rating input score 80
  • Fundraising efficiency: $4.56 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 32nd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 83rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.5%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 2.53; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 4.2%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 0.2% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 1.4% per year; rating input score 100; 22nd percentile among comparable filings

Details

  • Where the money goes: 89.5% of revenue deployed · 80.1% of spending went to programs
  • Governance: 27 of 27 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $44.2M in reported program spending
  • Leadership: top reported pay $395K · 42 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.2M reported
  • Consistency: 50 of 51 current checks pass · 1 finding to review
  • Schedules: 14 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 8 filing years from 2009 to 2016
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 29/100.
  • High — Sustainability: Operating margin scored 7/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 20/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.