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Nonprofiteer
← WOMEN FOR ECONOMIC AND LEADERSHIP DEVELOPMENT

Form 990 for tax year 2024

Filed by WOMEN FOR ECONOMIC AND LEADERSHIP DEVELOPMENT.

Totals

Total revenue
$734,672
Total expenses
$769,522
Contributions and grants received
$580,315
Grants paid
$0
Program service revenue
$139,999
Investment income
$14,358
Other revenue
$0
Total assets, end of year
$736,928
Total liabilities, end of year
$265,930
Net assets or fund balances, end of year
$470,998
Program services expenses (Part IX)
$749,089
Management and general expenses
$20,433
Fundraising expenses
$0
Program service expenses (Part III)
$749,089

Program services were 97.3% 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.

  • 1b · Membership dues

    $200,782

  • 1f · All other contributions, gifts and grants

    $379,533

  • 1g · Noncash contributions included above

    $13,321

  • 2a · Program service revenue: REGISTRATIONS

    total $139,999 · related or exempt $139,999

  • 3 · Investment income

    total $14,358 · related or exempt $14,358

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $165,071 · program services $156,817 · management and general $8,254

  • 7 · Other salaries and wages

    total $121,320 · program services $115,254 · management and general $6,066

  • 9 · Other employee benefits

    total $21,549 · program services $20,472 · management and general $1,077

  • 10 · Payroll taxes

    total $21,863 · program services $20,770 · management and general $1,093

  • 11g · Fees: other

    total $28,585 · program services $27,156 · management and general $1,429

  • 12 · Advertising and promotion

    total $45,768 · program services $45,768

  • 13 · Office expenses

    total $11,479 · program services $10,905 · management and general $574

  • 14 · Information technology

    total $7,868 · program services $7,475 · management and general $393

  • 17 · Travel

    total $10,122 · program services $9,616 · management and general $506

  • 19 · Conferences, conventions and meetings

    total $806 · program services $766 · management and general $40

  • 22 · Depreciation, depletion and amortization

    total $601 · program services $571 · management and general $30

  • 23 · Insurance

    total $7,900 · program services $7,505 · management and general $395

  • 24a · Other expenses: PROGRAMMING EXPENSES

    total $315,083 · program services $315,083

  • 24b · Other expenses: BANK FEES

    total $9,237 · program services $8,775 · management and general $462

  • 24c · Other expenses: MISCELLANEOUS

    total $1,625 · program services $1,544 · management and general $81

  • 24d · Other expenses: MEALS & ENTERTAINMENT

    total $645 · program services $612 · management and general $33

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $555,989 · end of year $630,043

  • 4 · Accounts receivable

    beginning of year $82,500 · end of year $101,070

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,752 · end of year $4,000

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

    $3,056

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

    $1,241

  • 10c · Land, buildings and equipment, net

    beginning of year $2,180 · end of year $1,815

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,084 · end of year $7,609

  • 19 · Deferred revenue

    beginning of year $154,439 · end of year $258,321

  • 27 · Net assets without donor restrictions

    beginning of year $486,898 · end of year $470,998

Mission and programs · 2024

Mission

WELD DEVELOPS AND ADVANCES WOMEN'S LEADERSHIP TO STRENGTHEN THE ECONOMIC PROSPERITY OF THE COMMUNITIES IT SERVES.

  • WELD HAS DIVERSIFIED ITS MEMBERSHIP FOOTPRINT TO NOW COVER 16 STATES. THE COMBINATION OF ITS IN-PERSON PROGRAMS AND VIRTUAL PROGRAM LINEUP HAS DELIVERED VALUE TO ITS MEMBERS. ITS MEMBER-ONLY PROGRAMS INCLUDE: NEW AND RENEWING MEMBER PROGRAMS, BOARD PROGRAMS AND SPECIALTY PROGRAMS. ITS CORPORATE MEMBER ONLY PROGRAMS INCLUDE THE EXECUTIVE WOMEN'S SERIES AND AFFINITY GROUPS BEST PRACTICES SERIES. CERTAIN MEMBERSHIP CLASSES ARE ABLE TO ATTEND EITHER THE TELL IT LIKE IT IS THURSDAY WEBINAR SERIES PROGRAMS OR E-CHAPTER WEBINAR PROGRAMS FOR FREE. MEMBERS CONTINUE TO RECEIVE DEEP REGISTRATION DISCOUNTS RELATIVE TO NON-MEMBERS.

    Expenses $119,335

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $246,790 · Revenue $139,999

  • WELD HOLDS EDUCATIONAL PROGRAMS TO TEACH SKILLS USEFUL FOR LEADERS AT VARIOUS STAGES IN THEIR CAREERS. TYPICALLY, THESE ARE A BLEND OF IN-PERSON AND VIRTUAL EVENTS. THESE EVENTS INCLUDE THE EMERGING PROFESSIONAL SERIES PROGRAMS TARGETED TO THOSE JUST STARTING OUT IN THEIR CAREERS, THE LEADERSHIP SERIES PROGRAMS TARGETED TO MID-CAREER PROFESSIONALS COVERING A WIDE RANGE OF TOPICS AND AN EXECUTIVE WOMEN'S SERIES FOR SENIOR LEADERS AND C-SUITE EXECUTIVES. WELD CONTINUED TO OFFER SEVERAL PROGRAMS WITH SHRM, CPE AND OH CLE. WELD LAUNCHED A FULL YEAR OF BOARD PROGRAMS/C-SUITE SERIES DESIGNED TO HELP EXECUTIVES OBTAIN THEIR FIRST SEAT ON A NONPROFIT BOARD. THE TOPICS FOCUSED ON PUBLIC COMPANY FINANCIALS, NONPROFIT FINANCIALS, PREPARING FOR THE BOARD INTERVIEW AND OTHER BOARD PREPARATION TOPICS. WELD ALSO CONDUCTED ITS ANNUAL CERTIFICATE PROGRAM ON GOVERNMENT BOARDS AND COMMISSIONS GOVERNANCE SKILLS TRAINING. WELD CONDUCTED SEVERAL NEW MEMBER PROGRAMS ACROSS ITS CHAPTER BASE AND ALSO HOSTED ITS ANNUAL AFFINITY GROUPS BEST PRACTICES SESSION FOR ITS CORPORATE MEMBERS. WELD ALSO CONDUCTED COHORT-BASED LEADERSHIP PROGRAMS DESIGNED TO PREPARE AND HELP ATTENDEES ACHIEVE THEIR FIRST PROMOTION INTO MANAGEMENT. IN 2024, WELD CONDUCTED 3 COHORTS OF THESE PROGRAMS. WELD ALSO LAUNCHED ONE COHORT OF ITS PATHWAY TO MANAGEMENT PROGRAM FOR WOMEN OF COLOR ATTRACTING MAJOR GRANT SUPPORT AND DELIVERING EXCELLENT ADVANCEMENT OPPORTUNITIES FOR PARTICIPANTS. IN ALL, WELD HAD NEARLY 2,900 WOMEN AND MEN ATTENDED OUR 2024 LEADERSHIP AND MEMBER PROGRAMS AND SIGNATURE EVENTS. OVER 160 WOMEN AND MEN SERVED AS PROGRAM SPEAKERS.

    Expenses $382,964

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Barbara Smoot

    PRESIDENT/CE

    Total calculated
    $165,071
    From this org
    $152,041
    From related orgs
    $0
    Other
    $13,030
    Hours/week
    75

    Schedule J breakdown matched by us

    Base
    $152,041
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,030
    Nontaxable benefits
    not reported
    Filer's total
    $165,071
  • Annette Hazapis

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Colleen Philabaum

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1
  • Lindsay Ford Ellis

    BOARD SECRET

    Total calculated
    $0
    Hours/week
    1
  • Cathy Norton

    BOARD TREASU

    Total calculated
    $0
    Hours/week
    1
  • Lillian Morales-Laster

    RELATIONS DI

    Total calculated
    $0
    Hours/week
    1
  • Michelle Foster

    DEVELOPMENT

    Total calculated
    $0
    Hours/week
    1
  • Beth Alloway

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Bogan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ellen Cappellanti

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Aparna Dial

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Frances Feehan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Latessa Gray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jennifer James

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lynda Kline

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ashley Pack

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nicholas Padovano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Oana Polanco

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mary Richter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dana Sadiq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ralph Smithers Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cynthia Turner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Netta Whitman

    BOARD MEMBER

    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. 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

None.

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
2024
Filed
14 May 2025
IRS schema version
2024v5.0
Source object
202501349349300740

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