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← MICHIGAN COUNCIL OF WOMEN IN TECHNOLOGY FOUNDATION

Form 990 for tax year 2022

Filed by MICHIGAN COUNCIL OF WOMEN IN TECHNOLOGY FOUNDATION.

Totals

Total revenue
$1,530,737
Total expenses
$1,573,212
Contributions and grants received
$863,717
Grants paid
$163,750
Program service revenue
$584,779
Investment income
$35,834
Other revenue
$46,407
Total assets, end of year
$1,858,265
Total liabilities, end of year
$111,731
Net assets or fund balances, end of year
$1,746,534
Program services expenses (Part IX)
$1,155,213
Management and general expenses
$303,798
Fundraising expenses
$114,201
Program service expenses (Part III)
$1,155,213

Program services were 73.4% 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.

  • 1b · Membership dues

    $17,090

  • 1c · Fundraising events

    $559,237

  • 1f · All other contributions, gifts and grants

    $287,390

  • 1g · Noncash contributions included above

    $38,101

  • 2a · Program service revenue: K-12

    total $286,585 · related or exempt $286,585

  • 2b · Program service revenue: MEMBERSHIP PROGRAM

    total $243,954 · related or exempt $243,954

  • 2c · Program service revenue: SCHOLARSHIP/COLLEGE

    total $54,240 · related or exempt $54,240

  • 3 · Investment income

    total $41,335 · excluded $41,335

  • 7a · Gross sales of assets other than inventory

    securities $233,964

  • 7b · Less cost or other basis and sales expenses

    securities $239,465

  • 7c · Gain or loss

    securities -$5,501

  • 7d · Net gain or loss

    total -$5,501 · excluded -$5,501

  • 8a · Fundraising events: gross income

    $365,362

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

    $559,237

  • 8b · Fundraising events: direct expenses

    $318,955

  • 8c · Net income from fundraising events

    total $46,407 · excluded $46,407

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $163,750 · program services $163,750

  • 5 · Compensation of officers, directors and key employees

    total $181,500 · program services $109,190 · management and general $19,106 · fundraising $53,204

  • 7 · Other salaries and wages

    total $502,300 · program services $324,460 · management and general $126,232 · fundraising $51,608

  • 9 · Other employee benefits

    total $8,163 · program services $5,177 · management and general $1,735 · fundraising $1,251

  • 10 · Payroll taxes

    total $48,768 · program services $30,929 · management and general $10,363 · fundraising $7,476

  • 11c · Fees: accounting

    total $10,121 · management and general $10,121

  • 11f · Fees: investment management

    total $12,763 · management and general $12,763

  • 12 · Advertising and promotion

    total $1,810 · management and general $1,810

  • 14 · Information technology

    total $17,896 · program services $1,389 · management and general $16,507

  • 19 · Conferences, conventions and meetings

    total $33,500 · program services $33,500

  • 20 · Interest

    total $18,010 · program services $1,150 · management and general $16,860

  • 22 · Depreciation, depletion and amortization

    total $1,635 · management and general $1,635

  • 23 · Insurance

    total $14,375 · management and general $14,375

  • 24a · Other expenses: EVENT AND PROGRAM EXPEN

    total $335,734 · program services $311,272 · management and general $24,462

  • 24b · Other expenses: INSTRUCTORS

    total $143,832 · program services $143,832

  • 24c · Other expenses: SUPPLIES

    total $40,583 · program services $22,946 · management and general $16,975 · fundraising $662

  • 24d · Other expenses: OPERATIONS EXPENSE

    total $16,678 · program services $1,322 · management and general $15,356

  • 24e · All other expenses

    total $21,794 · program services $6,296 · management and general $15,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $203,660 · end of year $598,229

  • 3 · Pledges and grants receivable

    beginning of year $335,950 · end of year $181,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,683 · end of year $23,180

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

    $18,337

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

    $16,065

  • 10c · Land, buildings and equipment, net

    beginning of year $3,907 · end of year $2,272

  • 11 · Investments: publicly traded securities

    beginning of year $1,551,688 · end of year $1,053,084

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,740 · end of year $111,731

  • 27 · Net assets without donor restrictions

    beginning of year $1,694,897 · end of year $1,456,943

  • 28 · Net assets with donor restrictions

    beginning of year $353,251 · end of year $289,591

Mission and programs · 2022

Mission

INSPIRE AND GROW WOMEN IN TECHNOLOGY.

Activities or mission (Part I)

THE MICHIGAN COUNCIL OF WOMEN IN TECHNOLOGY (MCWT) FOUNDATION'S MISSION IS TO INSPIRE AND GROW WOMEN IN TECHNOLOGY. OUR VISION IS TO MAKE MICHIGAN THE NO. 1 STATE FOR WOMEN IN TECHNOLOGY. THE FOUNDATION WAS ESTABLISHED TO ADDRESS THE CRITICAL ISSUE OF GENDER DISPARITY IN THE FIELD. KEY ORGANIZATIONAL ACTIVITIES TO INCREASE AND SUPPORT WOMEN IN IT INCLUDE PROGRAMMING, NETWORKING, LEARNING, MENTORING, AND EXPOSURE TO TECHNOLOGY ADVANCEMENTS FOR FEMALE PROFESSIONALS AND STUDENTS.

  • MICHIGAN COUNCIL OF WOMEN IN TECHNOLGY (MCWT) UNIVERSITY: MCWT UNIVERSITY PROGRAMS GUIDE, RETAIN, AND SUPPORT YOUNG WOMEN WITH AN INTEREST, APTITUDE, AND POTENTIAL FOR A SUCCESSFUL CAREER IN TECHNOLOGY. PROGRAMS INCLUDE SCHOLARSHIPS, MENTORING AND INTERNSHIP SUPPORT FOR STUDENTS AS THEY PROGRESS ALONG THEIR EDUCATIONAL STUDIES AND BEGIN TO SEARCH FOR ON-THE-JOB EXPERIENCES. THESE PROGRAMS IMPACTED OVER 87 WOMEN ACROSS MICHIGAN IN 2022.

    Expenses $205,515 · Grants $162,750 · Revenue $54,240

  • K-12 SCHOOL PROGRAMS:K-12 PROGRAMS ARE DESIGNED TO CAPTURE THE INTEREST OF GIRLS ENTERING THEIR FORMATIVE EARLY YEARS. THESE SERVED APPROXIMATELY 802 GIRLS ACROSS MICHIGAN IN 2022. AMONG THESE PROGRAMS ARE VIRTUAL SUMMER LEARNING PROGRAM (WEEK-LONG ONLINE SUMMER TECHNOLOGY CAMP); GET-IT CLUBS (WEEKLY TECHNOLOGY CLUBS TO BUILD SKILLS AND CONFIDENCE); GIRLS SOLVE IT (A PROBLEM SOLVING TEAM COMPETITION IN WHICH GIRLS PROGRAM ROBOTS THROUGH SEVERAL INCREASINGLY COMPLEX MISSIONS); A WEBSITE DESIGN COMPETITION, CHALLENGING GIRLS TO CREATE REAL WEBSITES USING THE CODING SKILLS THEY HAVE DEVELOPED; FINANCIAL SUPPORT OF ALL-FEMALE ROBOTICS TEAMS ENTERING COMPETITIONS; AND GIRLS ROCK IT, ONE-DAY WORKSHOPS THAT ENABLE GIRL SCOUTS TO EXPLORE TECHNOLOGY WHILE EARNING BADGES.MCWT HIGH SCHOOL PROGRAMS BUILD ON THE INTEREST OF GIRLS WITH PROGRAMS TO ADVANCE THEIR INTEREST AND SKILL. AMONG THESE PROGRAMS ARE THE GET-IT CONNECTION SUMMIT (A SINGLE DAY EVENT TO EXPOSE THEM TO TECH CAREER AND STUDY OPTIONS, IN CONJUNCTION WITH THE UNIVERSITY OF MICHIGAN); GET-IT CLUBS (WEEKLY TECHNOLOGY CLUBS TO BUILD SKILLS AND INCREASE CONFIDENCE); FINANCIAL SUPPORT OF ALL FEMALE ROBOTICS TEAMS ENTERING COMPETITIONS; VIRTUAL SUMMER LEARNING PROGRAM (WEEK-LONG ONLINE SUMMER CAMP PROGRAM); AND A WEBSITE DESIGN COMPETITION, CHALLENGING GIRLS TO CREATE REAL WEBSITES USING THE CODING SKILLS THEY HAVE DEVELOPED. THESE PROGRAMS SERVED APPROXIMATELY 305 GIRLS ACROSS MICHIGAN IN 2022.

    Expenses $549,666 · Grants $1,000 · Revenue $286,585

  • CAREERS AND LEADERSHIP:PROVIDES PROFESSIONAL DEVELOPMENT, MENTORING AND NETWORKING OPPORTUNITIES TO WOMEN IN TECH CAREERS THROUGH VARIOUS PROGRAMS SUCH AS OUR EXECUTIVE CONNECTION SUMMIT (ECS), CONNECTNET SESSIONS, LUNCH AND LEARN SESSIONS, AND MENTORING PROGRAMS WHERE WOMEN IN THEIR EARLY OR MID CAREERS ARE MATCHED WITH MORE SENIOR TECH LEADERS. THESE CAREER PROGRAMS IMPACTED OVER 2,080 PEOPLE IN 2022.

    Expenses $400,032 · Revenue $243,954

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Rydzewski

    EXECUTIVE DIRECTOR

    Total calculated
    $181,500
    From this org
    $173,005
    From related orgs
    $0
    Other
    $8,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,005
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,495
    Filer's total
    $181,500

  • Rajani Sinha

    PRESIDENT (TERM EXP. 10/31/2022)

    Total calculated
    $0
    Hours/week
    5

  • Jill Maiorano

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Grace Hansen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Paulette Ozga

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Diana Green

    TREASURER (TERM EXP. 10/31/2022)

    Total calculated
    $0
    Hours/week
    5

  • Diane Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Laura Marble

    MEMBER AT LARGE(TERM EXP 10/31/2022)

    Total calculated
    $0
    Hours/week
    5

  • Lara Lane

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    5

  • Alexandra Rose

    DIRECTOR (TERM EXP. 10/31/2022)

    Total calculated
    $0
    Hours/week
    5

  • Kim Vogel

    DIRECTOR (TERM EXP. 10/31/2022)

    Total calculated
    $0
    Hours/week
    5

  • Coleen Borgia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Paula Stolar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Karen McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Cindy Swiantek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Amy Luke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kathy Garchow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jill Bowen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Susan Boyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Beckie Riss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303119349302700

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