Form 990 for tax year 2023
Filed by WOMENS FOUNDATION OF MASSACHUSETTS INC.
Totals
- Total revenue
- $5,207,870
- Total expenses
- $1,713,022
- Contributions and grants received
- $4,831,481
- Grants paid
- $1,247,473
- Program service revenue
- $0
- Investment income
- $527,420
- Other revenue
- -$151,031
- Total assets, end of year
- $12,893,310
- Total liabilities, end of year
- $22,301
- Net assets or fund balances, end of year
- $12,871,009
- Program services expenses (Part IX)
- $1,291,168
- Management and general expenses
- $164,113
- Fundraising expenses
- $257,741
- Program service expenses (Part III)
- $1,291,168
Program services were 75.4% 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
$1,984,868
-
1f · All other contributions, gifts and grants
$2,846,613
-
1g · Noncash contributions included above
$52,828
-
3 · Investment income
total $345,984 · excluded $345,984
-
7a · Gross sales of assets other than inventory
securities $203,474
-
7b · Less cost or other basis and sales expenses
securities $22,038
-
7c · Gain or loss
securities $181,436
-
7d · Net gain or loss
total $181,436 · excluded $181,436
-
8a · Fundraising events: gross income
$14,400
-
8a · Fundraising events: contributions included on line 1c
$1,984,868
-
8b · Fundraising events: direct expenses
$165,431
-
8c · Net income from fundraising events
total -$151,031 · excluded -$151,031
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,247,473 · program services $1,247,473
-
7 · Other salaries and wages
total $267,903 · program services $28,494 · management and general $98,562 · fundraising $140,847
-
9 · Other employee benefits
total $21,208 · program services $727 · management and general $10,000 · fundraising $10,481
-
10 · Payroll taxes
total $20,438 · program services $2,271 · management and general $6,941 · fundraising $11,226
-
11b · Fees: legal
total $331 · management and general $331
-
11c · Fees: accounting
total $16,038 · management and general $16,038
-
11g · Fees: other
total $48,417 · fundraising $48,417
-
14 · Information technology
total $23,504 · program services $503 · management and general $19,011 · fundraising $3,990
-
23 · Insurance
total $8,041 · management and general $8,041
-
24a · Other expenses: DONOR RELATIONS
total $34,099 · fundraising $34,099
-
24b · Other expenses: DUES AND FEES
total $16,975 · program services $5,100 · management and general $3,194 · fundraising $8,681
-
24c · Other expenses: PROGRAM INITIATIVES
total $6,600 · program services $6,600
-
24d · Other expenses: MISCELLANEOUS
total $1,995 · management and general $1,995
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $946,362 · end of year $219,693
-
3 · Pledges and grants receivable
beginning of year $250,000 · end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $14,475
-
11 · Investments: publicly traded securities
beginning of year $8,087,826 · end of year $12,659,142
-
17 · Accounts payable and accrued expenses
beginning of year $6,193 · end of year $17,301
-
18 · Grants payable
beginning of year $80,000 · end of year $0
-
19 · Deferred revenue
end of year $5,000
-
27 · Net assets without donor restrictions
beginning of year $7,844,880 · end of year $11,107,666
-
28 · Net assets with donor restrictions
beginning of year $1,353,115 · end of year $1,763,343
Mission and programs · 2023
Mission
THE WOMEN'S FOUNDATION OF BOSTON ECONOMICALLY EMPOWERS GREATER BOSTON WOMEN AND GIRLS THROUGH THE CREATION AND FUNDING OF HIGH IMPACT LEADERSHIP AND ECONOMIC PROGRAMS IN PARTNERSHIP WITH NONPROFITS SERVING SOLELY WOMEN AND GIRLS.
Activities or mission (Part I)
ECONOMIC ADVANCEMENT, LEADERSHIP AND FINANCIAL INDEPENDENCE OF WOMEN AND GIRLS IN THE GREATER BOSTON AREA.
-
THE WOMEN'S FOUNDATION OF BOSTON, INC. IS A NONPROFIT PUBLIC CHARITY THAT CREATES, FUNDS, AND ACCELERATES HIGH-IMPACT ECONOMIC AND LEADERSHIP PROGRAMS THAT EQUIP GREATER BOSTON WOMEN AND GIRLS TO BE FINANCIALLY INDEPENDENT AND SUCCESSFUL LEADERS. WFB IS BECOMING THE PRIMARY VEHICLE FOR INVESTING IN WOMEN AND GIRLS IN GREATER BOSTON AND IS BUILDING A FAST-GROWING NETWORK OF FEMALE NONPROFIT AND BUSINESS LEADERS.WFB AWARDS HIGH-IMPACT GRANTS TO NONPROFITS THAT ECONOMICALLY EMPOWER WOMEN AND GIRLS IN GREATER BOSTON. THE GRANTS TARGET NEW PROGRAMS OR NEW GROUPS SERVED BY THE EXPANSION OF EXISTING PROGRAMS AND HAVE A TRANSFORMATIVE EFFECT ON THE GRANTEE NONPROFITS AND THEIR BENEFICIARIES. GRANTS TYPICALLY RANGE FROM $10,000 TO $50,000 ANNUALLY FOR ONE TO FIVE YEARS. DURING THE YEAR ENDED DECEMBER 31, 2023, WFB AWARDED GRANTS TOTALING $1.25 MILLION TO 20 ORGANIZATIONS WHOSE MISSION ALIGN WITH WFB'S FOCUS AREAS.ECONOMIC EMPOWERMENT:WOMEN'S ECONOMIC EMPOWERMENT IS CRUCIAL TO COMMUNITY ECONOMIC LIFE, WITH FINANCIAL INDEPENDENCE FOR WOMEN AS AN ESSENTIAL FIRST STEP. THE WOMEN'S FOUNDATION OF BOSTON FUNDS PROGRAMS IN FINANCIAL LITERACY, SALARY NEGOTIATION, JOB TRAINING AND MORE.EDUCATION:THE WOMEN'S FOUNDATION OF BOSTON FUNDS EDUCATION AND ENRICHMENT INITIATIVES THAT INSPIRE AND EQUIP WOMEN AND GIRLS TO EXPAND THEIR EDUCATIONAL AND PROFESSIONAL OPPORTUNITIES, PARTICULARLY IN HIGHER-PAYING FIELDS LIKE STEM WHERE THEY ARE UNDERREPRESENTED.LEADERSHIP:LEADERSHIP DEVELOPMENT STARTS EARLY AND GROWS THROUGHOUT LIFE. WFB CREATES AND FUNDS PROGRAMS THAT BUILD CONFIDENCE AND CHARACTER, ENCOURAGE EXPLORATION, FORGE MENTORSHIPS AND NETWORKS, AND EXPAND OPPORTUNITIES AT ALL AGES. WFB CREATES AND OPERATES PROGRAMS WHICH PROMOTE FEMALE NONPROFIT LEADERSHIP IN GREATER BOSTON THROUGH ITS YOUNG WOMEN'S LEADERSHIP PROGRAM, AND WOMEN IN NONPROFIT NETWORK.
Expenses $1,291,168 · Grants $1,247,473
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Susan LittlefieldSUSAN LITTLEFIELD
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Geraldine Acuna-SunshineGERALDINE ACUNA-SUNSHINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg BialeckiGREG BIALECKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kim BoucherKIM BOUCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lori BrittonLORI BRITTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ami Kuan DanoffAMI KUAN DANOFF
TREASURER (TIL 9/23), CFO
- Total calculated
- $0
- Hours/week
- 12
-
Michelle DippMICHELLE DIPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rosalina FelicianoROSALINA FELICIANO
TREASURER AS OF 9/23 / DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christina GordonCHRISTINA GORDON
PRESIDENT / CEO
- Total calculated
- $0
- Hours/week
- 40
-
Linda HenryLINDA HENRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer PorterJENNIFER PORTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Meg ReynoldsMEG REYNOLDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bekah SalwasserBEKAH SALWASSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patti SatterthwaitePATTI SATTERTHWAITE
CLERK, COO
- Total calculated
- $0
- Hours/week
- 40
-
Carmel ShieldsCARMEL SHIELDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth TerranaBETH TERRANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah WilliamsonSARAH WILLIAMSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gwill YorkGWILL YORK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie ConnaughtonSTEPHANIE CONNAUGHTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryanne BowenBRYANNE BOWEN
DIRECTOR OF DEVELOPMENT
- Total calculated
- $134,407
- From this org
- $124,516
- From related orgs
- $0
- Other
- $9,891
- Hours/week
- 40
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
-
WOMEN'S MONEY MATTERS
$125,000
PROGRAM SUPPORT
-
$125,000
PROGRAM SUPPORT
-
$100,000
PROGRAM SUPPORT
-
GIRLS ON THE RUN GREATER BOSTON
$95,000
PROGRAM SUPPORT
-
PROGRAM SUPPORT
-
$86,875
PROGRAM SUPPORT
-
PROGRAM SUPPORT
-
$59,715
PROGRAM SUPPORT
-
$56,000
PROGRAM SUPPORT
-
PROGRAM SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 March 2024
- IRS schema version
- 2023v5.0
- Source object
- 202400819349300425
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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