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Nonprofiteer
← WOMENS FOUNDATION OF MASSACHUSETTS INC

Form 990 for tax year 2022

Filed by WOMENS FOUNDATION OF MASSACHUSETTS INC.

Totals

Total revenue
$3,515,217
Total expenses
$1,512,077
Contributions and grants received
$3,591,385
Grants paid
$1,266,452
Program service revenue
$0
Investment income
$21,108
Other revenue
-$97,276
Total assets, end of year
$9,284,188
Total liabilities, end of year
$86,193
Net assets or fund balances, end of year
$9,197,995
Program services expenses (Part IX)
$1,301,930
Management and general expenses
$84,032
Fundraising expenses
$126,115
Program service expenses (Part III)
$1,301,930

Program services were 86.1% 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

    $1,045,178

  • 1f · All other contributions, gifts and grants

    $2,546,207

  • 1g · Noncash contributions included above

    $60,254

  • 3 · Investment income

    total $85,773 · excluded $85,773

  • 7a · Gross sales of assets other than inventory

    securities $200,000

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

    securities $264,665

  • 7c · Gain or loss

    securities -$64,665

  • 7d · Net gain or loss

    total -$64,665 · excluded -$64,665

  • 8a · Fundraising events: gross income

    $26,250

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

    $1,045,178

  • 8b · Fundraising events: direct expenses

    $123,526

  • 8c · Net income from fundraising events

    total -$97,276 · excluded -$97,276

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,266,452 · program services $1,266,452

  • 7 · Other salaries and wages

    total $77,705 · program services $30,588 · management and general $39,128 · fundraising $7,989

  • 9 · Other employee benefits

    total $4,043 · management and general $4,043

  • 10 · Payroll taxes

    total $8,209 · program services $2,840 · management and general $4,619 · fundraising $750

  • 11g · Fees: other

    total $112,973 · management and general $22,454 · fundraising $90,519

  • 13 · Office expenses

    total $1,815 · program services $188 · management and general $751 · fundraising $876

  • 14 · Information technology

    total $8,928 · program services $1,646 · management and general $5,016 · fundraising $2,266

  • 23 · Insurance

    total $5,806 · management and general $5,806

  • 24a · Other expenses: MISCELLANEOUS

    total $14,567 · fundraising $14,567

  • 24b · Other expenses: DUES AND FEES

    total $11,298 · management and general $2,150 · fundraising $9,148

  • 24c · Other expenses: PROGRAM INITIATIVES

    total $216 · program services $216

  • 24d · Other expenses: DONOR AND VOLUNTEER ENG

    total $65 · management and general $65

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $427,943 · end of year $946,362

  • 3 · Pledges and grants receivable

    beginning of year $200,000 · end of year $250,000

  • 11 · Investments: publicly traded securities

    beginning of year $7,084,333 · end of year $8,087,826

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,206 · end of year $6,193

  • 18 · Grants payable

    beginning of year $180,000 · end of year $80,000

  • 27 · Net assets without donor restrictions

    beginning of year $6,869,390 · end of year $7,844,880

  • 28 · Net assets with donor restrictions

    beginning of year $647,680 · end of year $1,353,115

Mission and programs · 2022

Mission

THE WOMEN'S FOUNDATION OF BOSTON ECONOMICALLY EMPOWERS GREATER BOSTON WOMEN AND GIRLS THROUGH THE CREATION AND FUNDING OF HIGH IMPACT LEADERSHIP AND ECONOMIC PROGRAMS IN PARTNERSHIP WITH NONPROFITS SERVING SOLELY WOMEN AND GIRLS.

Activities or mission (Part I)

ECONOMIC ADVANCEMENT, LEADERSHIP AND FINANCIAL INDEPENDENCE OF WOMEN AND GIRLS IN THE GREATER BOSTON AREA.

  • THE WOMEN'S FOUNDATION OF BOSTON, INC. IS A NONPROFIT PUBLIC CHARITY THAT CREATES, FUNDS, AND ACCELERATES HIGH-IMPACT ECONOMIC AND LEADERSHIP PROGRAMS THAT EQUIP GREATER BOSTON WOMEN AND GIRLS TO BE FINANCIALLY INDEPENDENT AND SUCCESSFUL LEADERS. WFB IS BECOMING THE PRIMARY VEHICLE FOR INVESTING IN WOMEN AND GIRLS IN GREATER BOSTON AND IS BUILDING A FAST-GROWING NETWORK OF FEMALE NONPROFIT AND BUSINESS LEADERS.WFB AWARDS HIGH-IMPACT GRANTS TO NONPROFITS THAT ECONOMICALLY EMPOWER WOMEN AND GIRLS IN GREATER BOSTON. THE GRANTS TARGET NEW PROGRAMS OR NEW GROUPS SERVED BY THE EXPANSION OF EXISTING PROGRAMS AND HAVE A TRANSFORMATIVE EFFECT ON THE GRANTEE NONPROFITS AND THEIR BENEFICIARIES. GRANTS TYPICALLY RANGE FROM $10,000 TO $50,000 ANNUALLY FOR ONE TO FIVE YEARS. DURING THE YEAR ENDED DECEMBER 31, 2022, WFB AWARDED GRANTS TOTALING $1.27 MILLION TO 22 ORGANIZATIONS WHOSE MISSION ALIGN WITH WFB'S FOCUS AREAS.ECONOMIC EMPOWERMENT:WOMEN'S ECONOMIC EMPOWERMENT IS CRUCIAL TO COMMUNITY ECONOMIC LIFE, WITH FINANCIAL INDEPENDENCE FOR WOMEN AS AN ESSENTIAL FIRST STEP. THE WOMEN'S FOUNDATION OF BOSTON FUNDS PROGRAMS IN FINANCIAL LITERACY, SALARY NEGOTIATION, JOB TRAINING AND MORE.EDUCATION:THE WOMEN'S FOUNDATION OF BOSTON FUNDS EDUCATION AND ENRICHMENT INITIATIVES THAT INSPIRE AND EQUIP WOMEN AND GIRLS TO EXPAND THEIR EDUCATIONAL AND PROFESSIONAL OPPORTUNITIES, PARTICULARLY IN HIGHER-PAYING FIELDS LIKE STEM WHERE THEY ARE UNDERREPRESENTED.LEADERSHIP:LEADERSHIP DEVELOPMENT STARTS EARLY AND GROWS THROUGHOUT LIFE. WFB CREATES AND FUNDS PROGRAMS THAT BUILD CONFIDENCE AND CHARACTER, ENCOURAGE EXPLORATION, FORGE MENTORSHIPS AND NETWORKS, AND EXPAND OPPORTUNITIES AT ALL AGES. WFB CREATES AND OPERATES PROGRAMS WHICH PROMOTE FEMALE NONPROFIT LEADERSHIP IN GREATER BOSTON THROUGH ITS YOUNG WOMEN'S LEADERSHIP PROGRAM, AND WOMEN IN NONPROFIT NETWORK.

    Expenses $1,301,930 · Grants $1,266,452

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Littlefield

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Geraldine Acuna-Sunshine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Bialecki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Boucher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Britton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ami Kuan Danoff

    TREASURER, CFO

    Total calculated
    $0
    Hours/week
    30

  • Michelle Dipp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rosalina Feliciano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christina Gordon

    PRESIDENT / CEO

    Total calculated
    $0
    Hours/week
    40

  • Linda Henry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Porter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meg Reynolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bekah Salwasser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patti Satterthwaite

    CLERK, COO

    Total calculated
    $0
    Hours/week
    40

  • Carmel Shields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beth Terrana

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Williamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gwill York

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2023
IRS schema version
2022v5.0
Source object
202301999349300800

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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