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Nonprofiteer
← W I T FOUNDATION INC

Form 990 for tax year 2022

Filed by W I T FOUNDATION INC.

Totals

Total revenue
$1,048,048
Total expenses
$817,290
Contributions and grants received
$1,020,114
Grants paid
$32,535
Program service revenue
$27,934
Investment income
$0
Other revenue
$0
Total assets, end of year
$784,375
Total liabilities, end of year
$84,403
Net assets or fund balances, end of year
$699,972
Program services expenses (Part IX)
$612,689
Management and general expenses
$129,382
Fundraising expenses
$75,219
Program service expenses (Part III)
$612,689

Program services were 75.0% 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

    $98,304

  • 1f · All other contributions, gifts and grants

    $921,810

  • 2a · Program service revenue: Other meeting revenue

    total $26,175 · related or exempt $26,175

  • 2b · Program service revenue: Webinar revenue

    total $1,759 · related or exempt $1,759

  • 3 · Investment income

    total $0

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,535 · program services $2,535

  • 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

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $85,320 · program services $68,256 · management and general $8,532 · fundraising $8,532

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $75,506 · program services $60,404 · management and general $7,551 · fundraising $7,551

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $48,099 · program services $38,480 · management and general $4,809 · fundraising $4,810

  • 10 · Payroll taxes

    total $12,804 · program services $10,244 · management and general $1,280 · fundraising $1,280

  • 11a · Fees: management

    total $12,000 · management and general $12,000

  • 11b · Fees: legal

    total $399 · management and general $399

  • 11c · Fees: accounting

    total $10,500 · management and general $10,500

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $235,824 · program services $194,049 · management and general $23,975 · fundraising $17,800

  • 12 · Advertising and promotion

    total $46,510 · program services $23,255 · fundraising $23,255

  • 13 · Office expenses

    total $6,297 · program services $2,519 · management and general $1,889 · fundraising $1,889

  • 14 · Information technology

    total $54,318 · program services $29,000 · management and general $25,318

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $56,622 · program services $45,298 · management and general $5,662 · fundraising $5,662

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $723 · program services $289 · management and general $217 · fundraising $217

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $4,233 · management and general $4,233

  • 24a · Other expenses: Other meeting expenses

    total $102,733 · program services $102,733

  • 24b · Other expenses: Telephone/Zoom

    total $6,315 · program services $2,525 · management and general $1,895 · fundraising $1,895

  • 24c · Other expenses: Bank charges & credit card fee

    total $6,058 · management and general $6,058

  • 24d · Other expenses: Postage and Shipping

    total $4,713 · management and general $4,713

  • 24e · All other expenses

    total $15,781 · program services $3,102 · management and general $10,351 · fundraising $2,328

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $598,319 · end of year $739,652

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $8,975 · end of year $6,500

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,783 · end of year $38,223

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,692 · end of year $30,455

  • 19 · Deferred revenue

    beginning of year $148,171 · end of year $53,948

  • 27 · Net assets without donor restrictions

    beginning of year $469,214 · end of year $699,972

Mission and programs · 2022

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 $612,689 · Grants $32,535 · Revenue $27,934

As filed on the 2022 return.

Listed in Part VII

  • Mary Kay Russell

    Executive Dir.

    Total calculated
    $85,320
    From this org
    $85,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Amy Thompson

    Director

    Total calculated
    $0
    Hours/week
    1
  • Alita Friedman

    Secr/Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Bisma Ansari

    Director

    Total calculated
    $0
    Hours/week
    1
  • Angelina Castro

    Director

    Total calculated
    $0
    Hours/week
    1
  • Stefanie Barone

    Director

    Total calculated
    $0
    Hours/week
    1
  • Anne Carrihill

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Caveza

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kristi Wasmer

    Director

    Total calculated
    $0
    Hours/week
    1
  • Michelle Weber

    Director

    Total calculated
    $0
    Hours/week
    1
  • Shawn Smith

    Director

    Total calculated
    $0
    Hours/week
    1
  • Christina Sklavenitis

    Director

    Total calculated
    $0
    Hours/week
    1
  • Karen Kilpatrick

    Director

    Total calculated
    $0
    Hours/week
    1
  • Gena Lavallee

    Director

    Total calculated
    $0
    Hours/week
    1
  • Julie Gwaltney

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kiara Williams

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kristin Lecour

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Quattrock

    Director

    Total calculated
    $0
    Hours/week
    1
  • Delanie West

    Director

    Total calculated
    $0
    Hours/week
    1
  • Leila Nosrati

    Director

    Total calculated
    $0
    Hours/week
    1
  • Janice Ross

    President

    Total calculated
    $0
    Hours/week
    20
  • Lisa Whitaker

    Director

    Total calculated
    $0
    Hours/week
    1
  • Natasha Tous

    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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323179349301122

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