Form 990 for tax year 2023

Totals

Total revenue

$5,522,283

Total expenses

$3,046,873

Contributions and grants received

$5,463,561

Grants paid

$1,206,785

Program service revenue

$0

Investment income

$58,722

Other revenue

$0

Total assets, end of year

$10,742,173

Total liabilities, end of year

$2,234,534

Net assets or fund balances, end of year

$8,507,639

Program services expenses (Part IX)

$2,165,826

Management and general expenses

$403,895

Fundraising expenses

$477,152

Program service expenses (Part III)

$2,165,826

Program services were 71.1% 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.

Mission and programs · 2023

• PHILANTHROPYWOMEN'S FOUNDATION OF ALABAMA'S (WFA) GRANTMAKING SUPPORTS HIGH-IMPACT PROGRAMS AND PUBLIC POLICY ADVOCACY INITIATIVES PROVEN TO ACCELERATE ECONOMIC OPPORTUNITY FOR WOMEN. AS A PART OF OUR STRATEGY, WE PROVIDED TECHNICAL ASSISTANCE TO COMMUNITY COLLEGES AND GIRL-SERVING ORGANIZATIONS, IMPLEMENTING MODELS AND CURRICULA CREATED BY THE FOUNDATION. IN 2023, TEN COMMUNITY COLLEGES ACROSS THE STATE WERE FUNDED TO IMPLEMENT OUR STUDENT PARENT SUCCESS MODEL, WHICH ALIGNS A CAREER-SPECIFIC TRAINING PROGRAM WITH WRAPAROUND SUPPORT SERVICES, INCLUDING HIGH-QUALITY CHILDCARE, TRANSPORTATION, AND COACHING FOR STUDENT PARENTS. 2023 MARKED OUR FIRST STATEWIDE COMPETITIVE GRANT CYCLE FOR THE FOUNDATION IN ITS HISTORY. THE 45 OF GRANTS AWARDED IN 2023 IMPACTED OVER 6,000 WOMEN AND GIRLS ACROSS OUR THREE FOCUS AREAS.

  Expenses $1,053,225 · Grants $977,534 · Revenue $50,000

• RESEARCHWOMEN'S FOUNDATION OF ALABAMA COMMISSIONS AND COMMUNICATES RESEARCH TO SHAPE POLICY, SPUR PUBLIC DIALOGUE, AND ELEVATE ISSUES MOST IMPACTING WOMEN'S ECONOMIC OPPORTUNITY. IN 2023, WE RELEASED CLEARING THE PATH: A BUSINESS CASE FOR CHILDCARE. THE REPORT EXAMINES THE IMPACT OF EXPANDED CHILDCARE OPTIONS ON ALABAMA'S BUSINESSES, ECONOMY AND FAMILIES. AS WE LOOK AHEAD TO THE FUTURE, THE DEMAND FOR A SKILLED LABOR FORCE WILL ONLY INCREASE AS ALABAMA CONTINUES TO ATTRACT AND GROW BUSINESS AND INDUSTRY NECESSARY TO UNDERGIRD A VIBRANT ECONOMY. THE REPORT OUTLINES THE CHALLENGES FACING ALABAMA'S CHILDCARE SYSTEM AND OFFERS RECOMMENDATIONS FOR BUSINESS LEADERS, STATE LAWMAKERS, AND THE BROADER ADVOCACY COMMUNITY TO ADDRESS THOSE CHALLENGES. WE DISTRIBUTED MORE THAN 7,000 COPIES OF CLEARING THE PATH: THE BUSINESS CASE FOR CHILDCARE.

  Expenses $56,645 · Revenue $96,231

• ADVOCACYTO ADDRESS GENDER INEQUITIES, WFA LEVERAGES PUBLIC POLICY ADVOCACY AS A STRATEGIC TOOL FOR CHANGE BECAUSE WE KNOW THAT PHILANTHROPY ALONE IS NOT ENOUGH. TO SHIFT THE PARADIGM FROM CHARITY TO JUSTICE, WFA CHAMPIONED NONPARTISAN COMMON SENSE POLICY SOLUTIONS SUPPORTING WOMEN'S ECONOMIC OPPORTUNITY. OUR 2023 AGENDA FOR WOMEN URGED ALABAMA LAWMAKERS TO ADVANCE EQUITY THROUGH WORKPLACE SUPPORTS AND MATERNAL HEALTH. INFORMED BY OUR RESEARCH, OUR AGENDA FOCUSED ON WHAT WOMEN NEED TO ENTER AND REMAIN IN THE WORKFORCE: CHILDCARE, MATERNAL HEALTH, AND WORKFORCE OPPORTUNITIES. WE WERE SUCCESSFUL IN INCREASING STATE INVESTMENTS TO SCALE PROVEN WORKFORCE DEVELOPMENT MODELS, EXPAND FUNDING FOR CHILDCARE, SAFE-GUARDING THE INVESTMENT TO THE MATERNAL MORTALITY REVIEW AND CONTINUED FUNDING FOR THE POSTPARTUM MEDICAID COVERAGE.

  Expenses $143,683 · Revenue $26,500

• Expenses $912,273 · Grants $229,251

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

Listed in Part VII

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

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

• WALLACE STATE COMMUNITY COLLEGE - HANCEVILLE

  $74,748

  PHLEBOTOMIST AND MEDICAL LAB TECHNICIAN

• JEFFERSON STATE COMMUNITY COLLEGE

  $61,744

  WOMEN IN WELDING

• SHELTON STATE COMMUNITY COLLEGE

  $55,976

  FAMILY OR GROUP CHILDCARE HOME OWNER TRAINING

• BEVILL STATE COMMUNITY COLLEGE

  $50,000

  WELDING, SURGICAL TECH OR HVAC

• CALHOUN COMMUNITY COLLEGE

  $50,000

  CDL

• LAWSON STATE COMMUNITY COLLEGE

  $50,000

  PHARMACY TECHNICIAN

• WALLACE STATE COMMUNITY COLLEGE - SELMA

  $50,000

  CDL

• GADSDEN STATE COMMUNITY COLLEGE

  $50,000

  WOMEN IN WELDING

• LURLEEN B WALLACE COMMUNITY COLLEGE

  $50,000

  PATIENT CARE TECHNICIAN

• TRENHOLM STATE COMMUNITY COLLEGE

  $50,000

  CNA/MEDICATION AIDE COMBO CERTIFICATION

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2023

Filed

15 November 2024

IRS schema version

2023v5.1

Source object

202423209349323082

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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