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Nonprofiteer
← GIRLS WITH IMPACT INC

Form 990 for tax year 2023

Filed by GIRLS WITH IMPACT INC.

Totals

Total revenue
$1,074,867
Total expenses
$1,205,325
Contributions and grants received
$928,533
Grants paid
$0
Program service revenue
$81,250
Investment income
$36,978
Other revenue
$28,106
Total assets, end of year
$1,033,014
Total liabilities, end of year
$234,424
Net assets or fund balances, end of year
$798,590
Program services expenses (Part IX)
$811,909
Management and general expenses
$233,833
Fundraising expenses
$159,583
Program service expenses (Part III)
$811,909

Program services were 67.4% 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.

  • 1c · Fundraising events

    $303,250

  • 1f · All other contributions, gifts and grants

    $625,283

  • 2a · Program service revenue: PROGRAMS

    total $81,250 · related or exempt $81,250

  • 3 · Investment income

    total $36,978 · excluded $36,978

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $175,911

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

    $303,250

  • 8b · Fundraising events: direct expenses

    $162,171

  • 8c · Net income from fundraising events

    total $13,740

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $1,078 · related or exempt $1,078

  • 11b · Other revenue: PAYROLL TAX REFUND

    total $13,288 · related or exempt $13,288

  • 11e · Other revenue, total

    $14,366

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $41,599 · program services $33,279 · management and general $4,160 · fundraising $4,160

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $528,420 · program services $422,736 · management and general $52,842 · fundraising $52,842

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $2,354 · program services $1,884 · management and general $235 · fundraising $235

  • 10 · Payroll taxes

    total $48,561 · program services $38,849 · management and general $4,856 · fundraising $4,856

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $39,562 · program services $39,562

  • 13 · Office expenses

    total $11,053 · management and general $11,053

  • 14 · Information technology

    total $26,976 · program services $21,580 · management and general $2,698 · fundraising $2,698

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $31,983 · program services $25,587 · management and general $3,198 · fundraising $3,198

  • 24a · Other expenses: PROGRAM SERVICES

    total $162,631 · program services $162,631

  • 24b · Other expenses: PROGRAM COSTS

    total $63,626 · program services $63,626

  • 24c · Other expenses: FUNDRAISING EXPENSE

    total $91,322 · fundraising $91,322

  • 24d · Other expenses: ADMINISTATIVE EXPENSE

    total $113,181 · management and general $113,181

  • 24e · All other expenses

    total $44,057 · program services $2,175 · management and general $41,610 · fundraising $272

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $224,963 · end of year $193,657

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $96,250 · end of year $75,850

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $715,778 · end of year $763,507

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,371 · end of year $127,796

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $33,333 · end of year $60,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $37,085 · end of year $46,628

  • 27 · Net assets without donor restrictions

    beginning of year $928,202 · end of year $798,590

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

GIRLS WITH IMPACT, INC. IS THE NATION'S ONLY LIVE, ONLINE BUSINESS & LEADERSHIP PROGRAM FOR YOUNG WOMEN AGES 14-24 YEARS OLD. ITS MISSION IS TO LEVEL THE PLAYING FIELD FOR ALL WOMEN IN BUSINESS AND BEYOND BY EQUIPPING THEM WITH THE SKILLS, TOOLS, AND NETWORK TO BE TOMORROW'S LEADERS, INNOVATORS AND ENTREPRENEURS.

Activities or mission (Part I)

TO LEVEL THE PLAYING FIELD FOR ALL WOMEN IN BUSINESS & BEYOND BY EQUIPPING THEM WITH THE SKILLS, TOOLS, AND NETWORK TO BE TOMORROW'S LEADERS, INNOVATORS AND ENTREPRENEURS.

  • In the 2023-2024 fiscal year, Girls With Impact served nearly 2,000 students through our signature Academy (1,938) in partnership with 390 school and community organizations. This brings our total Students served through GWI's tuition-free programs to approximately 16,000. Through over 67,000 learning hours, students demonstrated measurable growth in key career and leadership competencies. Pre- and post-program surveys showed significant gains across 11 essential work readiness skills, including public speaking, financial literacy, and problem-solving. Additionally, GWI introduced new programmatic enhancements to deepen student impact, including a quarterly venture competition for Academy students and the launch of EmpowerHour, an on-demand mentoring initiative designed to provide real-time guidance and support. To further strengthen long-term engagement, GWI expanded its Alumni Network, with 23 former students returning as summer interns. This year also marked a strategic investment in internal infrastructure STAFFING, allowing us to scale our reach and develop additional programming to better serve our growing community of young women. Looking ahead, we continue to build innovative offerings that empower the next generation of leaders with the confidence, skills, and network to succeed in business and beyond.

    Expenses $811,909 · Revenue $81,250

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

Listed in Part VII

  • Jennifer Openshaw

    CEO & Chair

    Total calculated
    $41,599
    From this org
    $41,599
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Bob Ghoorah

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Karlyn Carnahan

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Fernando Salinas

    Director

    Total calculated
    $0
    Hours/week
    1
  • Mitra Best

    Director

    Total calculated
    $0
    Hours/week
    1
  • Simone Jordan

    Director

    Total calculated
    $0
    Hours/week
    1
  • Elisabetta Bartoloni

    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 May 2025
IRS schema version
2023v6.0
Source object
202531549349301553

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