Totals
- Total revenue
- $7,143,966
- Total expenses
- $7,533,363
- Contributions and grants received
- $7,379,769
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $27,112
- Other revenue
- -$262,915
- Total assets, end of year
- $2,922,508
- Total liabilities, end of year
- $634,138
- Net assets or fund balances, end of year
- $2,288,370
- Program services expenses (Part IX)
- $6,302,706
- Management and general expenses
- $823,889
- Fundraising expenses
- $406,768
- Program service expenses (Part III)
- $6,302,706
Program services were 83.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$7,379,769
-
1g · Noncash contributions included above
$11,129
-
3 · Investment income
total $27,112 · unrelated business $0 · excluded $27,112
-
8a · Fundraising events: gross income
$126,137
-
8b · Fundraising events: direct expenses
$407,705
-
8c · Net income from fundraising events
total -$281,568 · unrelated business $0 · excluded -$281,568
-
11a · Other revenue: Other income
total $18,653 · related or exempt $18,653 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$18,653
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,981,232 · program services $2,722,863 · management and general $232,345 · fundraising $26,024
-
9 · Other employee benefits
total $44,554 · program services $40,837 · management and general $3,333 · fundraising $384
-
10 · Payroll taxes
total $228,528 · program services $201,690 · management and general $25,193 · fundraising $1,645
-
11b · Fees: legal
total $238,027 · program services $233,236 · management and general $4,791 · fundraising $0
-
11c · Fees: accounting
total $97,145 · program services $0 · management and general $97,145 · fundraising $0
-
11g · Fees: other
total $1,694,661 · program services $1,422,335 · management and general $0 · fundraising $272,326
-
12 · Advertising and promotion
total $61,746 · program services $61,719 · management and general $9 · fundraising $18
-
13 · Office expenses
total $30,623 · program services $22,462 · management and general $7,194 · fundraising $967
-
17 · Travel
total $400,332 · program services $379,342 · management and general $15,775 · fundraising $5,215
-
19 · Conferences, conventions and meetings
total $11,812 · program services $11,734 · management and general $78 · fundraising $0
-
20 · Interest
total $5,337 · program services $0 · management and general $5,337 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $89,665 · program services $0 · management and general $89,665 · fundraising $0
-
23 · Insurance
total $6,518 · program services $0 · management and general $6,518 · fundraising $0
-
24a · Other expenses: Dues and subscriptions
total $339,491 · program services $329,172 · management and general $10,064 · fundraising $255
-
24b · Other expenses: Uncollectible pledge
total $300,000 · program services $0 · management and general $300,000 · fundraising $0
-
24c · Other expenses: Other events
total $165,935 · program services $165,582 · management and general $0 · fundraising $353
-
24d · Other expenses: Website
total $153,590 · program services $153,590 · management and general $0 · fundraising $0
-
24e · All other expenses
total $684,167 · program services $558,144 · management and general $26,442 · fundraising $99,581
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,726,869 · end of year $1,477,904
-
2 · Savings and temporary cash investments
beginning of year $844,681 · end of year $1,004,860
-
3 · Pledges and grants receivable
beginning of year $750,000 · end of year $175,000
-
4 · Accounts receivable
beginning of year $2,259 · end of year $9,780
-
9 · Prepaid expenses and deferred charges
beginning of year $62,490 · end of year $78,801
-
10a · Land, buildings and equipment: cost or other basis
$316,120
-
10b · Land, buildings and equipment: accumulated depreciation
$153,302
-
10c · Land, buildings and equipment, net
beginning of year $242,132 · end of year $162,818
-
11 · Investments: publicly traded securities
end of year $13,345
-
17 · Accounts payable and accrued expenses
beginning of year $396,642 · end of year $352,900
-
24 · Unsecured notes and loans payable
beginning of year $556,238 · end of year $281,238
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,205,843 · end of year $1,164,295
-
28 · Net assets with donor restrictions
beginning of year $1,469,708 · end of year $1,124,075
Mission and programs · 2023
Mission
Engage more individuals in the civic process, educate them about the impact of public policies on their lives and our economy, and build support for policies that empower individuals.
-
Domestic Policy and Economics - IWF examines the impact of policies - such as our tax code, regulatory system, national budget, health care laws and education system - on American families and the economy.
Expenses $3,452,561
-
Education, Communication, and Earned Media - IWF promotes the work of our scholars and spokeswomen, bringing their message to audience through print publications, television, radio, the internet and social media platforms. IWF also develops educational materials to help build amoung the public greater understanding of economic facts and principles.
Expenses $1,303,832
-
Independent Womens Law Center (IWLC)- supports freedom and opportunity for women and girls in the legal arena. In the courts, before administrative agencies and legislative bodies, and in the court of public opinion, IWLC fights against radical legal theories that deny due process, undermine equal opportunity, make the government less accountable, and punish certain viewpoints.
Expenses $444,797
-
Independent Womens Network - IWF develops educational content, resources and events that are made available to Independent Womens Network, which is a group of women working together to improve their communities and our country.
Expenses $1,101,516
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Heather R Higgins
Chairman of the Board
- Total calculated
- $0
- Hours/week
- 5
-
Giovanna Cugnasca
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nan Hayworth
Director
- Total calculated
- $0
- Hours/week
- 1
-
Abby Moffat
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dick Weiss
Director
- Total calculated
- $0
- Hours/week
- 1
-
Myles Pollin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Larry Kudlow
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Tillman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carrie Lukas
President
- Total calculated
- $245,951
- From this org
- $245,951
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $237,951
- Bonus
- $8,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $245,951
-
Somerlyn Cothran
Former Treasurer
- Total calculated
- $82,691
- From this org
- $82,691
- From related orgs
- $0
- Other
- $0
- Hours/week
- 26
Schedule J breakdown matched by us
- Base
- $82,691
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $82,691
-
Amber Schwartz
Exec VP
- Total calculated
- $116,403
- From this org
- $116,403
- From related orgs
- $0
- Other
- $0
- Hours/week
- 24
-
Lorena Riley
Treasurer
- Total calculated
- $41,757
- From this org
- $41,757
- From related orgs
- $0
- Other
- $0
- Hours/week
- 22
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402619349301450
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