2024-05-15T12:09:18-00:00 2023-06-30 990 2022-07-01 046052751 Smith Students' Aid Society Inc SMIT 4135852200 10 Elm Street College Hall 204 Northampton MA 01063 Eleanor Evans President 4135852200 2024-05-15 false Eleanor Evans XXX-XX-XXXX 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Eleanor Evans 10 Elm Street College Hall 204 Northampton MA 01063 728642 false X www.smith.edu/ssas X 1905 MA To provide assistance to Smith College students in the form of grants and emergency funds in order to enhance the quality of their educational experience with a focus on needs not met by traditional financial aid. 12 12 0 12 0 12307 6244 0 1108195 722398 0 1120502 728642 254066 284828 0 0 0 0 51361 56129 305427 340957 815075 387685 6593127 6510445 1575 6593127 6508870 The mission of the Smith Students Aid Society the Society is to provide assistance to Smith College students in the form of grants and emergency funds in order to enhance the quality of the students educational experience. The Society focuses especially on needs not met by traditional financial aid from Smith College. false false 284828 284828 The Society provides small individual grants to Smith College students for financial assistance that is not met through traditional financial aid from Smith College. The Society provided grants for the following purposes during the reporting period Fine Art Supplies for students in a qualifying Studio Arts Course Credit Bearing Programs not covered by financial aid Beyond Smith for seniors needing assistance for job search, interview travel clothing, graduate professional school applications, etc. Emergency medical/dental, housing, food, child care, and winter clothes Summer Study with preference for students with credit shortage Special Opportunities for enrichment not covered by financial aid Textbooks and Computer Support. 284828 true false false false false false false false false true false true false false false true true false false false false false false false false false false false true false false false false false false false false false false false false false false true false false false true X 0 0 0 false false false false false false false false false false false false X 12 12 false false true false false false true true true false false true true true true true true false false false MA X X Jillian McGrath Smith College Contr 4135852200 10 Elm Street College Hall 204 Northampton MA 010636304 X X Eleanor Evans President Director 002.00 X X 0 0 0 Teresa Hacunda Treasurer Director 002.00 X X 0 0 0 Korri Krajicek Secretary Director 002.00 X X 0 0 0 Lindsay Bennett-Jacobs Director 001.00 X 0 0 0 Jacinth Cooke Director 001.00 X 0 0 0 Candice Gibson Director 001.00 X 0 0 0 Harleen Gill-Jessup Director 001.00 X 0 0 0 Alexandria Julius Director 001.00 X 0 0 0 Sara Ottomano Director 001.00 X 0 0 0 Rebecca Phelps Director 001.00 X 0 0 0 Judith Roberts Director 001.00 X 0 0 0 Michelle Ross Director 001.00 X 0 0 0 false false false 6244 6244 722398 722398 728642 722398 0 284828 284828 0 0 0 0 0 0 0 0 0 0 5000 5000 0 34498 34498 0 0 1036 1036 0 0 0 0 0 128 128 0 0 0 753 753 Reimburse payroll via Smith College 14714 14714 0 340957 284828 56129 0 42829 66679 753 6549545 6443766 6593127 6510445 1575 0 1575 X 6593127 6508870 6593127 6508870 6593127 6510445 387685 -471942 X false true X true false X X 1 The Trustees of the Smith College 041843040 2 true 284828 0 1 284828 0 true false false false false false false false false false false false false false false true false true X true true Part IV Section D Line 2 The program administrator is an employee of the supported organization, The Trustees of the Smith College Smith College. She provides reports on a regular basis. The Society has the option of seeking advice from the Vice President for Finance Administration of Smith College. Part IV Section D Line 3 The supported organization, Smith College, manages the Societys investments within the pooled endowment funds of the college. The spending rates of the Society follow the spending rates of the college. Part IV Section E Line 2a The Society fulfills financial needs of the supported organizations students that are not met through other sources. The supported organization, Smith College, provides use of facilites and other office space to the Society at no charge. Smith College also provdes certain accounting, payroll, grant payment, and administrative services at no charge to the Society. Part IV Section E Line 2b Yes, the supported organization would help fulfill the financial needs of Smith College students that are not met by other sources if the Society did not exist. 6549545 250456 321737 34498 6443766 6842791 50000 -1492 307412 34342 6549545 5178027 1954313 251951 37598 6842791 5332824 117234 245820 26211 5178027 5210563 45000 348785 248582 22942 5332824 1.00000 false true true Financial derivatives and other financial products Closely-held equity interests Smith College Investment Pool 6443766 F 6443766 Federal income taxes X 222202 -471942 -471942 694144 34498 34498 728642 306459 306459 34498 34498 340957 V 4 The Societys endowment provides the funding stream for assistance to Smith College students with needs that are unmet through traditional sources. Students may arrive on campus with inadequate winter clothing the Society can provide funds to buy winter clothing and/or boots. Other students may need to go home for a family emergency the Society can help meet that need as it also does for those students with uninsured medical and dental expenses. Some students apply for help with credit bearing courses/programs or travel to enable them to graduate and to enrich their educational experience. Students with a credit shortage can receive aid in funding for summer courses. Students can receive vouchers to purchase textbooks or a computer for Smith College courses. Graduating seniors can receive a grant to help with job search and interview expenses or for graduate school applications. The Societys endowment is invested in the Smith College Investment Pool. The Society follows the colleges spending rate approach that seeks the largest annual contribution to operations while providing adequate protection against declining returns, set by the Board of Trusteees of Smith College. The Society also seeks to preserve the purchasing power of the endowment to benefit future generations of Smith College students. X 2 The Society is an organization described under Internal Revenue Code IRC Section 501 c3. Its activities and income are related to its tax exempt purpose and are exempt from federal and state income taxes under Section 501 a of the Code and applicable state laws. The Society believes it has taken no significant uncertain tax positions. true Medical and Emergency Aid 192 90995 Textbooks 187 28487 Beyond Smith 121 46525 Fine Art Supplies 115 23821 Computer Support 77 31697 Special Opportunities 68 23483 Summer Study 30 34452 Credit Bearing Programs 8 5368 Part I Line 2 The Society provides small individual grants to Smith College students, as available funding allows, for fine art supplies, credit bearing programs, Beyond Smith expenses related to interview travel clothing and graduate professional school applications, family emergencies uninsured medical/dental expenses, textbooks, summer study, special opportunities, and student computers. Students must submit an application in accordance with the Societys published guidelines. In that application, students must submit a complete budget that includes their own contribution toward the activity for which they are requesting aid as well as a complete description of the program, trip or activity. For some programs, receipts for expenses must be submitted before reimbursement can be approved. Grant applications must be submitted by specified deadlines for consideration. Grants are carefully monitored by the Societys program administrator to ensure compliance with published guidelines and the Societys Board of Directors approved budget. Form 990, Part V, Line 2a The Trustees of the Smith College, 04-1843040, provides various administrative services to the Society, including those of the Societys program administrator. The Societys program administrator is paid through the colleges payroll system therefore, her W-2 is reported under the colleges W-3. Smith College has filed all required federal and state employment tax returns. Form 990, Part VI, Section A, Line 4 The Societys board of directors amended and restated the bylaws on 6/5/23. Significant changes included reducing the maximum number of directors from 21 to 18 requiring that directors be alumnae of or otherwise conected with Smith College, the Societys supported organization permitting the Society to indemnify employees, agents and others who have provided services to the Society and who are not entitled to mandatory indemnification under the bylaws reducing the board vote requried to amend the bylaws from 2/3 to a majority of the directors present at a meeting at which a quorum is present removing dissolution provisions from the bylaws because dissolution is now addressed in the Societys Articles of Organization and including notice requirements for a meeting at which amendment or restatement of the Societys Articles of Organization is to be considered. Form 990, Part VI, Section A, Line 7b The Society follows the Smith College spending rate which is set by the Board of Trustees of Smith College. Form 990, Part VI, Section B, Line 11b The draft Form 990 and related schedules was provided to the Societys Board of Directors and officers including its President and Treasurer prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c The Society has a conflict of interest policy that includes a questionnaire that members of the Board of Directors must complete and sign their names to annually, certifying that the statements therein are true and complete. Any member of the Board of Directors is expected to refrain from participation in any decision of the Board in which there is a conflict of interest. Form 990, Part VI, Section C, Line 19 The Society makes its governing documents, conflict of interest policy, financial statements, and Form 990 available to the public upon request. The Massachusetts Form PC, Form 990 and the Societys financial statements are also available on the website of the Commonwealth of Massachusetts Attorney General. Form 990, Part VII, Section A, Line 1a Per the Societys bylaws, no member of the Board of Directors may be compensated for their service nor are they eligible for contracts. The Trustees of the Smith College 10 Elm Street College Hall 204 Northampton MA 010636304 041843040 Education MA 501c3 2 N/A false false false false false false false false false false false false false true true false false false false false