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Nonprofiteer
← W I T FOUNDATION INC

Form 990 for tax year 2024

Filed by W I T FOUNDATION INC.

Totals

Total revenue
$880,460
Total expenses
$1,140,089
Contributions and grants received
$873,961
Grants paid
$30,240
Program service revenue
$77,759
Investment income
$6,685
Other revenue
-$77,945
Total assets, end of year
$470,585
Total liabilities, end of year
$186,689
Net assets or fund balances, end of year
$283,896
Program services expenses (Part IX)
$872,255
Management and general expenses
$202,911
Fundraising expenses
$64,923
Program service expenses (Part III)
$872,255

Program services were 76.5% 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

    $113,907

  • 1c · Fundraising events

    $24,000

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $736,054

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Webinar revenue

    total $493 · related or exempt $493 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Other Meeting revenue

    total $77,266 · related or exempt $77,266 · 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 $6,685 · related or exempt $0 · unrelated business $0 · excluded $6,685

  • 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

    $188,885

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

    $24,000

  • 8b · Fundraising events: direct expenses

    $266,830

  • 8c · Net income from fundraising events

    total -$77,945 · unrelated business $0 · excluded -$77,945

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $240 · program services $240

  • 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 $117,998 · program services $94,398 · management and general $11,800 · fundraising $11,800

  • 7 · Other salaries and wages

    total $180,417 · program services $144,333 · management and general $18,042 · fundraising $18,042

  • 9 · Other employee benefits

    total $41,569 · program services $33,255 · management and general $4,157 · fundraising $4,157

  • 10 · Payroll taxes

    total $27,422 · program services $21,938 · management and general $2,742 · fundraising $2,742

  • 11b · Fees: legal

    total $100,000 · program services $0 · management and general $100,000 · fundraising $0

  • 11c · Fees: accounting

    total $37,988 · program services $0 · management and general $37,988 · fundraising $0

  • 11g · Fees: other

    total $301,763 · program services $301,763 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $23,246 · program services $23,246 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $74,406 · program services $31,888 · management and general $21,259 · fundraising $21,259

  • 17 · Travel

    total $69,230 · program services $55,384 · management and general $6,923 · fundraising $6,923

  • 24a · Other expenses: Other program activities

    total $68,445 · program services $68,445 · management and general $0 · fundraising $0

  • 24b · Other expenses: Chapter event expenses

    total $67,365 · program services $67,365 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $689,579 · end of year $465,032

  • 4 · Accounts receivable

    beginning of year $8,383

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,091 · end of year $5,553

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,714 · end of year $10,574

  • 19 · Deferred revenue

    beginning of year $136,814 · end of year $176,115

  • 27 · Net assets without donor restrictions

    beginning of year $543,525 · end of year $283,896

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

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 $872,255 · Revenue $880,460

As filed on the 2024 return.

Listed in Part VII

  • Mary Kay Russell

    Executive Director (former)

    Total calculated
    $107,589
    From this org
    $107,589
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Angelina Castro

    Executive Director

    Total calculated
    $23,580
    From this org
    $23,580
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Christina Liquori

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Nancy Molenda

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anne Carrihill

    Director

    Total calculated
    $0
    Hours/week
    1

  • Deirdre Cross

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ehi Oviasu-Kahn

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Julie Gwaltney

    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

  • Michelle Weber

    Director

    Total calculated
    $0
    Hours/week
    1

  • NatashaTous

    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

  • Gena Lavallee

    Director

    Total calculated
    $0
    Hours/week
    1

  • Julien Sharp

    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
2024
Filed
29 October 2025
IRS schema version
2024v5.0
Source object
202523029349301512

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