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Nonprofiteer
← W I T FOUNDATION INC

Form 990 for tax year 2023

Filed by W I T FOUNDATION INC.

Totals

Total revenue
$828,764
Total expenses
$985,211
Contributions and grants received
$788,245
Grants paid
$30,450
Program service revenue
$81,195
Investment income
$2,325
Other revenue
-$43,001
Total assets, end of year
$700,053
Total liabilities, end of year
$156,528
Net assets or fund balances, end of year
$543,525
Program services expenses (Part IX)
$781,295
Management and general expenses
$131,153
Fundraising expenses
$72,763
Program service expenses (Part III)
$781,295

Program services were 79.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $99,970

  • 1c · Fundraising events

    $24,200

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $664,075

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Webinar revenue

    total $841 · related or exempt $841 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Other Meeting Revenue

    total $80,354 · related or exempt $80,354 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $2,325 · related or exempt $0 · unrelated business $0 · excluded $2,325

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $297,622

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

    $24,200

  • 8b · Fundraising events: direct expenses

    $340,623

  • 8c · Net income from fundraising events

    total -$43,001 · unrelated business $0 · excluded -$43,001

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $450 · program services $450

  • 2 · Grants to domestic individuals

    total $27,500 · program services $27,500

  • 3 · Grants to foreign organizations and individuals

    total $2,500 · program services $2,500

  • 5 · Compensation of officers, directors and key employees

    total $106,402 · program services $85,122 · management and general $10,640 · fundraising $10,640

  • 7 · Other salaries and wages

    total $160,316 · program services $128,252 · management and general $16,032 · fundraising $16,032

  • 9 · Other employee benefits

    total $62,797 · program services $50,237 · management and general $6,280 · fundraising $6,280

  • 10 · Payroll taxes

    total $20,381 · program services $16,305 · management and general $2,038 · fundraising $2,038

  • 11b · Fees: legal

    total $399 · management and general $399

  • 11c · Fees: accounting

    total $31,778 · management and general $31,778

  • 11g · Fees: other

    total $203,406 · program services $203,406

  • 12 · Advertising and promotion

    total $47,988 · program services $23,994 · fundraising $23,994

  • 13 · Office expenses

    total $17,330 · program services $6,932 · management and general $5,199 · fundraising $5,199

  • 14 · Information technology

    total $55,940 · program services $33,633 · management and general $22,307

  • 17 · Travel

    total $78,809 · program services $63,047 · management and general $7,881 · fundraising $7,881

  • 19 · Conferences, conventions and meetings

    total $1,630 · program services $1,304 · management and general $163 · fundraising $163

  • 23 · Insurance

    total $4,099 · management and general $4,099

  • 24e · All other expenses

    total $163,486 · program services $138,613 · management and general $24,337 · fundraising $536

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $739,652 · end of year $689,579

  • 4 · Accounts receivable

    beginning of year $6,500 · end of year $8,383

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,223 · end of year $2,091

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,455 · end of year $19,714

  • 19 · Deferred revenue

    beginning of year $53,948 · end of year $136,814

  • 27 · Net assets without donor restrictions

    beginning of year $699,972 · end of year $543,525

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

The WIT Foundation Inc. is a collaborative community championing professional growth for women through leadership, networking and educational opportunities.

  • The WIT Foundation Inc. is a collaborative community championing professional growth for women through leadership, networking and educational opportunities.

    Expenses $781,295 · Grants $30,450 · Revenue $81,195

As filed on the 2023 return.

Listed in Part VII

  • Mary Kay Russell

    Executive Director

    Total calculated
    $106,402
    From this org
    $106,402
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Janice Ross

    President

    Total calculated
    $0
    Hours/week
    20
  • Christina Liquori

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Amy Thompson

    Director

    Total calculated
    $0
    Hours/week
    1
  • Angelina Castro

    Director

    Total calculated
    $0
    Hours/week
    1
  • Anne Carrihill

    Director

    Total calculated
    $0
    Hours/week
    1
  • Christina Sklavenitis

    Director

    Total calculated
    $0
    Hours/week
    1
  • Deirdre Cross

    Director

    Total calculated
    $0
    Hours/week
    1
  • Delanie West

    Director

    Total calculated
    $0
    Hours/week
    1
  • Ehi Oviasu-Kahn

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Caveza

    Director

    Total calculated
    $0
    Hours/week
    1
  • Julie Gwaltney

    Director

    Total calculated
    $0
    Hours/week
    1
  • Karen Kilpatrick

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kiara Imani

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kristi Wasmer

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kristin Lecour

    Director

    Total calculated
    $0
    Hours/week
    1
  • Leila Nosrati

    Director

    Total calculated
    $0
    Hours/week
    1
  • Lisa Gilbert

    Director

    Total calculated
    $0
    Hours/week
    1
  • Lisa Whitaker

    Director

    Total calculated
    $0
    Hours/week
    1
  • Menal McGrath

    Director

    Total calculated
    $0
    Hours/week
    1
  • Michelle Weber

    Director

    Total calculated
    $0
    Hours/week
    1
  • NatashaTous

    Director

    Total calculated
    $0
    Hours/week
    1
  • Shawn Smith

    Director

    Total calculated
    $0
    Hours/week
    1
  • Stefanie Barone

    Director

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Bailey

    Director

    Total calculated
    $0
    Hours/week
    1
  • Tara Deakin

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
28 January 2025
IRS schema version
2023v6.0
Source object
202522909349301852

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