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← WOMEN CORPORATE DIRECTORS EDUCATION AND DEVELOPMENT FOUNDATION INC

Form 990 for tax year 2023

Filed by WOMEN CORPORATE DIRECTORS EDUCATION AND DEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$2,476,302
Total expenses
$2,543,022
Contributions and grants received
$2,420,802
Grants paid
$0
Program service revenue
$50,025
Investment income
$5,475
Other revenue
$0
Total assets, end of year
$3,089,762
Total liabilities, end of year
$891,858
Net assets or fund balances, end of year
$2,197,904
Program services expenses (Part IX)
$1,778,986
Management and general expenses
$367,923
Fundraising expenses
$396,113
Program service expenses (Part III)
$1,778,986

Program services were 70.0% 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.

  • 1b · Membership dues

    $1,280,000

  • 1f · All other contributions, gifts and grants

    $1,140,802

  • 1g · Noncash contributions included above

    $85,000

  • 2a · Program service revenue: CHAPTER MEETINGS

    total $50,025 · related or exempt $50,025

  • 3 · Investment income

    total $5,475 · excluded $5,475

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $678,645 · program services $434,333 · management and general $115,370 · fundraising $128,942

  • 7 · Other salaries and wages

    total $686,237 · program services $439,192 · management and general $116,660 · fundraising $130,385

  • 8 · Pension plan contributions

    total $67,941 · program services $43,482 · management and general $11,550 · fundraising $12,909

  • 9 · Other employee benefits

    total $37,082 · program services $23,732 · management and general $6,304 · fundraising $7,046

  • 10 · Payroll taxes

    total $76,337 · program services $48,856 · management and general $12,977 · fundraising $14,504

  • 11b · Fees: legal

    total $36,272 · program services $30,637 · management and general $4,512 · fundraising $1,123

  • 11c · Fees: accounting

    total $203,987 · program services $159,095 · management and general $35,948 · fundraising $8,944

  • 11g · Fees: other

    total $85,000 · program services $85,000

  • 12 · Advertising and promotion

    total $31,543 · fundraising $31,543

  • 13 · Office expenses

    total $185,384 · program services $155,652 · management and general $14,040 · fundraising $15,692

  • 17 · Travel

    total $31,604 · program services $31,604

  • 19 · Conferences, conventions and meetings

    total $19,953 · program services $19,953

  • 22 · Depreciation, depletion and amortization

    total $84,834 · program services $28,334 · management and general $28,250 · fundraising $28,250

  • 23 · Insurance

    total $23,108 · program services $13,864 · management and general $4,622 · fundraising $4,622

  • 24a · Other expenses: CHAPTER EXPENSES

    total $261,145 · program services $261,145

  • 24b · Other expenses: SOFTWARE EXPENSE

    total $17,690 · management and general $17,690

  • 24c · Other expenses: LICENSES AND FEES

    total $12,153 · fundraising $12,153

  • 24d · Other expenses: MISCELLEOUS EXPENSES

    total $4,107 · program services $4,107

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,067,882 · end of year $889,256

  • 4 · Accounts receivable

    beginning of year $116,166 · end of year $64,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $58,654 · end of year $80,296

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

    $485,398

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

    $12,236

  • 10c · Land, buildings and equipment, net

    beginning of year $292,057 · end of year $473,162

  • 14 · Intangible assets

    beginning of year $1,583,048 · end of year $1,583,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $401,734 · end of year $270,706

  • 19 · Deferred revenue

    beginning of year $446,477 · end of year $621,152

  • 27 · Net assets without donor restrictions

    beginning of year $2,269,596 · end of year $2,197,904

Mission and programs · 2023

Mission

PROVIDE PROGRAMS, SERVICES, AND EDUCATIONAL OPPORTUNITIES TO ENCOURAGE AND ENABLE WOMEN TO PARTICIPATE IN CORPORATE GOVERNANCE, AND TO INCREASE WOMEN'S REPRESENTATION AND INSPIRE VISIONARY BOARDS WORLDWIDE.

  • WOMEN CORPORATE DIRECTORS (WCD) PROVIDES PROGRAMMING ALL YEAR ROUND IN THE FORM OF WCD DIRECT EVENTS, PEER EXCHANGES, CHAPTER EVENTS, WCD AND S&P GLOBAL SERIES, AND BOARDROOM BEYOND PODCAST. IN FY 24 WCD DELIVERED 102 MOSTLY IN-PERSON CHAPTER EVENTS TO OVER 3,000 ATTENDEES AND 26 VIRTUAL EVENTS DELIVERED TO 2,075 MEMBERS WITH 528 RECORDING PLAYBACKS. SEE SCHEDULE O FOR MORE DETAIL ABOUT THESE EVENTS. WCD ALSO CONDUCTS REGIONAL INSTITUTES AND GLOBAL INSTITUTES.

    Expenses $1,497,888

  • LOCAL MEETINGS ARE HELD THROUGHOUT THE YEAR TO PROVIDE ACCESS TO PROGRAMMING AT A LOCAL MEMBER LEVEL REGARDING CORPORATE GOVERNANCE. WITH 70 CHAPTERS WORLDWIDE, CHAPTER EVENTS AND MEETINGS ARE HELD LOCALLY TO CONNECT WITH PEERS AND LEARN FROM EXPERTS IN AREAS CRITICAL TO SUCCESSFUL BOARD GOVERNANCE.

    Expenses $261,145 · Revenue $50,025

  • THERE WAS NO GLOBAL INSTITUTE IN THIS FISCAL YEAR. HOWEVER, THERE WAS A EUROPEAN REGIONAL EVENT THAT SERVED WCD MEMBERS ACROSS EUROPE WITH PROGRAMMING AND NETWORKING OPPORTUNITIES TO ENHANCE THEIR KNOWLEDGE AND EFFECTIVENESS.

    Expenses $19,953

  • THE GLOBAL INSTITUTE IS A CONFERENCE FOR WOMEN BOARD MEMEBERS WHO SERVE ON LARGE PUBLIC COMPANY BOARDS. THIS EVENT PROVIDES PROGRAMMING AND NETWORKING OPPORTUNITIES FOR THOSE BOARD MEMBERS TO ENHANCE KNOWLEDGE AND EFFECTIVENESS OF THE BOARDS ON WHICH THEY SERVE. THIS CONFERENCE WAS NOT HELD DURING FY24.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer Reynolds

    CEO/PRESIDEN

    Total calculated
    $429,771
    From this org
    $402,500
    From related orgs
    $0
    Other
    $27,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,000
    Bonus
    $52,500
    Other
    not reported
    Deferred
    $21,817
    Nontaxable benefits
    $5,454
    Filer's total
    $429,771

  • Katie Squires-Thompson

    CSO & COO

    Total calculated
    $174,294
    From this org
    $170,000
    From related orgs
    $0
    Other
    $4,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $20,000
    Other
    not reported
    Deferred
    $2,744
    Nontaxable benefits
    $1,550
    Filer's total
    $174,294

  • Marylean Abney

    CFO/TREASURE

    Total calculated
    $128,000
    From this org
    $128,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Judy McLevey

    HEAD OF EDUC

    Total calculated
    $106,651
    From this org
    $106,145
    From related orgs
    $0
    Other
    $506
    Hours/week
    40

  • Karen Mitchell Curran

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Lisa Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jackie Daylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Deborah Ellinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kalpana Ramakrishnan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mary Beth Vitale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
4 February 2025
IRS schema version
2023v6.0
Source object
202530439349301803

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