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Nonprofiteer
← TEXAS WOMENS FOUNDATION

Form 990 for tax year 2023

Filed by TEXAS WOMENS FOUNDATION.

Totals

Total revenue
$4,372,454
Total expenses
$8,701,102
Contributions and grants received
$3,558,907
Grants paid
$4,886,421
Program service revenue
$0
Investment income
$1,142,554
Other revenue
-$329,007
Total assets, end of year
$27,613,318
Total liabilities, end of year
$2,281,555
Net assets or fund balances, end of year
$25,331,763
Program services expenses (Part IX)
$6,002,185
Management and general expenses
$1,872,953
Fundraising expenses
$825,964
Program service expenses (Part III)
$6,002,185

Program services were 69.0% 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.

  • 1c · Fundraising events

    $1,011,666

  • 1f · All other contributions, gifts and grants

    $2,547,241

  • 1g · Noncash contributions included above

    $89,470

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $679,140 · excluded $679,140

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $25,063,930

  • 7b · Less cost or other basis and sales expenses

    securities $24,600,516

  • 7c · Gain or loss

    securities $463,414 · other assets $0

  • 7d · Net gain or loss

    total $463,414 · excluded $463,414

  • 8a · Fundraising events: gross income

    $189,178

  • 8a · Fundraising events: contributions included on line 1c

    $1,011,666

  • 8b · Fundraising events: direct expenses

    $528,732

  • 8c · Net income from fundraising events

    total -$339,554 · excluded -$339,554

  • 11d · All other revenue

    total $10,547 · related or exempt $0 · unrelated business $0 · excluded $10,547

  • 11e · Other revenue, total

    $10,547

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,886,421 · program services $4,886,421

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $485,093 · program services $134,253 · management and general $292,213 · fundraising $58,627

  • 7 · Other salaries and wages

    total $1,212,231 · program services $378,718 · management and general $401,112 · fundraising $432,401

  • 8 · Pension plan contributions

    total $40,799 · program services $14,561 · management and general $15,472 · fundraising $10,766

  • 9 · Other employee benefits

    total $95,971 · program services $28,493 · management and general $40,911 · fundraising $26,567

  • 10 · Payroll taxes

    total $123,813 · program services $37,528 · management and general $52,818 · fundraising $33,467

  • 11c · Fees: accounting

    total $61,531 · management and general $61,531

  • 11f · Fees: investment management

    total $175,041 · management and general $175,041

  • 11g · Fees: other

    total $796,357 · program services $156,734 · management and general $565,071 · fundraising $74,552

  • 12 · Advertising and promotion

    total $19,604 · program services $2,185 · management and general $11,038 · fundraising $6,381

  • 13 · Office expenses

    total $107,536 · program services $56,316 · management and general $25,641 · fundraising $25,579

  • 14 · Information technology

    total $188,259 · program services $68,421 · management and general $55,978 · fundraising $63,860

  • 16 · Occupancy

    total $159,881 · program services $61,085 · management and general $60,840 · fundraising $37,956

  • 17 · Travel

    total $29,731 · program services $20,042 · management and general $2,700 · fundraising $6,989

  • 19 · Conferences, conventions and meetings

    total $15,444 · program services $5,747 · management and general $7,835 · fundraising $1,862

  • 20 · Interest

    total $31,317 · management and general $31,317

  • 22 · Depreciation, depletion and amortization

    total $47,009 · program services $17,961 · management and general $17,888 · fundraising $11,160

  • 23 · Insurance

    total $32,822 · management and general $26,121 · fundraising $6,701

  • 24a · Other expenses: Other Event Expenses

    total $111,232 · program services $90,425 · management and general $8,059 · fundraising $12,748

  • 24b · Other expenses: In Kind Goods

    total $43,401 · program services $23,179 · management and general $7,498 · fundraising $12,724

  • 24c · Other expenses: Appreciation gifts

    total $28,474 · program services $20,116 · management and general $4,734 · fundraising $3,624

  • 24d · Other expenses: Other Expense - Bad Debt Exp

    total $9,135 · management and general $9,135

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,532,288 · end of year $1,152,524

  • 2 · Savings and temporary cash investments

    beginning of year $2,246,743 · end of year $1,021,315

  • 3 · Pledges and grants receivable

    beginning of year $613,328 · end of year $473,200

  • 4 · Accounts receivable

    beginning of year $243,450 · end of year $106,938

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,077 · end of year $54,176

  • 10a · Land, buildings and equipment: cost or other basis

    $314,910

  • 10b · Land, buildings and equipment: accumulated depreciation

    $66,001

  • 10c · Land, buildings and equipment, net

    beginning of year $291,318 · end of year $248,909

  • 11 · Investments: publicly traded securities

    beginning of year $23,460,376 · end of year $21,289,875

  • 12 · Investments: other securities

    beginning of year $963,672 · end of year $1,440,238

  • 13 · Investments: program-related

    beginning of year $150,000 · end of year $150,000

  • 14 · Intangible assets

    beginning of year $4,600 · end of year $0

  • 15 · Other assets

    beginning of year $1,580,574 · end of year $1,676,143

  • 17 · Accounts payable and accrued expenses

    beginning of year $349,590 · end of year $199,679

  • 18 · Grants payable

    beginning of year $446,161 · end of year $107,576

  • 19 · Deferred revenue

    beginning of year $172,250 · end of year $259,750

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $502,466 · end of year $502,582

  • 25 · Other liabilities

    beginning of year $1,679,488 · end of year $1,211,968

  • 27 · Net assets without donor restrictions

    beginning of year $12,706,409 · end of year $9,508,056

  • 28 · Net assets with donor restrictions

    beginning of year $16,294,062 · end of year $15,823,707

Listed in Part VII

  • Carrie F Parsons

    Board Director, Board Chair

    Total calculated
    $0
    Hours/week
    4

  • Hattie Hill

    Board Director, Secretary

    Total calculated
    $0
    Hours/week
    4

  • Hilda C Galavan

    Board Director, Immediate Past Chair

    Total calculated
    $0
    Hours/week
    4

  • Lisette Mendez

    Board Director, Finance Co-Chair

    Total calculated
    $0
    Hours/week
    4

  • Sakina R Foster

    Board Director, Finance Co-Chair

    Total calculated
    $0
    Hours/week
    4

  • Aracely Muoz

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Avery Belyeu

    Board Director (Through June 2024)

    Total calculated
    $0
    Hours/week
    2

  • Bonnie Clinton

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Charmaine Tang

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Chrysta Castaneda

    Board Director

    Total calculated
    $0
    Hours/week
    4

  • Constance K Babikian

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Cristina Zertuche Wong

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Cynthia G Marshall

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Darcy L Cowell

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Debbie Rollins

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Debra H Johnson Esq

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Effie B Dennison

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Asturi

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth C Phillips

    Board Director (Through June 2024)

    Total calculated
    $0
    Hours/week
    2

  • Gowri N Sharma

    Board Director, Programs Chair

    Total calculated
    $0
    Hours/week
    4

  • Gwen A Parker

    Board Director (Through June 2024)

    Total calculated
    $0
    Hours/week
    2

  • Holly Reed

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Jana Etheridge

    Board Director, Governance Chair

    Total calculated
    $0
    Hours/week
    4

  • Julie Ramirez

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Keri A Kaiser

    Board Director (Through June 2024)

    Total calculated
    $0
    Hours/week
    2

  • Laura Maxwell

    Board Director, Advocacy Chair

    Total calculated
    $0
    Hours/week
    4

  • Laura S Nieto

    Board Director (Through June 2024)

    Total calculated
    $0
    Hours/week
    4

  • Lissa Smith

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Melissa Orth

    Board Director

    Total calculated
    $0
    Hours/week
    4

  • Michelle Hudson

    Board Director

    Total calculated
    $0
    Hours/week
    4

  • Neena Newberry

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Patricia L Miller

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Phyllis Bernstein

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Priya Rathod

    Board Director (Through June 2024)

    Total calculated
    $0
    Hours/week
    2

  • Rachel Vinson

    Board Director (Through June 2024)

    Total calculated
    $0
    Hours/week
    2

  • Samantha Dwinell

    Board Director, Investment Advisory Chair

    Total calculated
    $0
    Hours/week
    4

  • Sara G Duran

    Board Director (Through June 2024)

    Total calculated
    $0
    Hours/week
    4

  • Sarah K Miller

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Sarah R Saldana

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Shannon M Teicher

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Shannon S Thompson

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Stacey Dore

    Board Director (Through June 2024)

    Total calculated
    $0
    Hours/week
    2

  • V Bonner Allen

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Veree H Hawkins Brown

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Zeenat Sidi

    Board Director

    Total calculated
    $0
    Hours/week
    4

  • Barbara H Hall

    CFO (as of 5/28/2024)

    Total calculated
    $0
    Hours/week
    45

  • Dawn Hooper

    CHIEF FINANCIAL OFFICER (THROUGH JULY 2023)

    Total calculated
    $133,234
    From this org
    $121,191
    From related orgs
    $0
    Other
    $12,043
    Hours/week
    45

  • Dena Jackson

    INTERIM PRESIDENT AND CEO (THROUGH JANUARY 2024)

    Total calculated
    $256,552
    From this org
    $231,883
    From related orgs
    $0
    Other
    $24,669
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $231,883
    Bonus
    $0
    Other
    $0
    Deferred
    $14,202
    Nontaxable benefits
    $10,467
    Filer's total
    $256,552

  • Karen Hughes White

    President & CEO (as of 4/29/2024)

    Total calculated
    $0
    Hours/week
    45

  • Ashley Harris

    VICE PRESIDENT, DEVELOPMENT (THROUGH AUGUST 2023)

    Total calculated
    $138,958
    From this org
    $127,057
    From related orgs
    $0
    Other
    $11,901
    Hours/week
    45

  • Jeanne Marie Heinen

    DIRECTOR, MAJOR GIFTS (THROUGH DECEMBER 2023)

    Total calculated
    $116,321
    From this org
    $105,525
    From related orgs
    $0
    Other
    $10,796
    Hours/week
    45

  • Joy M Busch

    ASSOCIATE VICE PRESIDENT, CORPORATE PARTNERSHIPS

    Total calculated
    $155,342
    From this org
    $143,425
    From related orgs
    $0
    Other
    $11,917
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $133,425
    Bonus
    $10,000
    Other
    $0
    Deferred
    $1,811
    Nontaxable benefits
    $10,106
    Filer's total
    $155,342

  • Lisa De La Garza

    SENIOR VICE PRESIDENT, GRANTS AND PROGRAMS (THROUGH APRIL 2024)

    Total calculated
    $149,957
    From this org
    $135,365
    From related orgs
    $0
    Other
    $14,592
    Hours/week
    45

  • Mary Valadez

    Associate Vice President, Programs

    Total calculated
    $127,149
    From this org
    $110,254
    From related orgs
    $0
    Other
    $16,895
    Hours/week
    45

  • Michelynn Woodward

    PRESIDENT AND CHIEF EXECUTIVE OFFICER (THROUGH MARCH 2023)

    Total calculated
    $247,747
    From this org
    $243,916
    From related orgs
    $0
    Other
    $3,831
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $243,916
    Bonus
    $0
    Other
    $0
    Deferred
    $1,227
    Nontaxable benefits
    $2,604
    Filer's total
    $247,747

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

  • 1a · Discretionary spending account
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Discretionary spending account
The CEO has a fund for discretionary granting, but not general expenses other than regular budgeting.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
All employees can expense $120/year for health club dues.
Schedule J, Part I, Line 4a Severance or change-of-control payment
Michelynn Woodward received severance payments totaling $158,318, along with $803 as a severance COBRA fringe benefit.
Schedule J, Part I, Line 7 Non-fixed payments
Bonuses are awarded for meeting organizational goals. The bonuses are approved by the President and CEO and the Compensation Committee of the board.

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Remainder Trusts (1)

    Trust · Charitable Remainder Trust · TX

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541329349302834

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