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Nonprofiteer
← WOMENS FOUNDATION OF THE SOUTH

Form 990 for tax year 2023

Filed by WOMENS FOUNDATION OF THE SOUTH.

Totals

Total revenue
$2,712,243
Total expenses
$2,779,120
Contributions and grants received
$3,009,593
Grants paid
$352,455
Program service revenue
$0
Investment income
$1,736
Other revenue
-$299,086
Total assets, end of year
$1,541,460
Total liabilities, end of year
$228,462
Net assets or fund balances, end of year
$1,312,998
Program services expenses (Part IX)
$1,010,967
Management and general expenses
$752,968
Fundraising expenses
$1,015,185
Program service expenses (Part III)
$1,010,967

Program services were 36.4% 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

    $119,650

  • 1f · All other contributions, gifts and grants

    $2,889,943

  • 3 · Investment income

    total $1,736 · excluded $1,736

  • 8a · Fundraising events: gross income

    $11,250

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

    $119,650

  • 8b · Fundraising events: direct expenses

    $312,336

  • 8c · Net income from fundraising events

    total -$301,086 · excluded -$301,086

  • 11a · Other revenue: HONORARIUM

    total $2,000 · related or exempt $2,000

  • 11e · Other revenue, total

    $2,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $352,455 · program services $352,455

  • 5 · Compensation of officers, directors and key employees

    total $548,286 · program services $262,920 · management and general $122,953 · fundraising $162,413

  • 7 · Other salaries and wages

    total $311,963 · program services $48,632 · management and general $156,933 · fundraising $106,398

  • 8 · Pension plan contributions

    total $34,369 · program services $6,032 · management and general $16,690 · fundraising $11,647

  • 9 · Other employee benefits

    total $58,339 · program services $19,596 · management and general $20,996 · fundraising $17,747

  • 10 · Payroll taxes

    total $49,533 · program services $17,526 · management and general $16,507 · fundraising $15,500

  • 11b · Fees: legal

    total $20,855 · program services $20,855

  • 11c · Fees: accounting

    total $146,818 · program services $36,189 · management and general $55,315 · fundraising $55,314

  • 11g · Fees: other

    total $314,610 · program services $35,375 · fundraising $279,235

  • 12 · Advertising and promotion

    total $443,327 · program services $9,925 · management and general $100,116 · fundraising $333,286

  • 13 · Office expenses

    total $98,926 · program services $6,296 · management and general $84,092 · fundraising $8,538

  • 14 · Information technology

    total $16,175 · program services $7,174 · management and general $9,001

  • 16 · Occupancy

    total $55,672 · management and general $55,672

  • 17 · Travel

    total $154,561 · program services $95,849 · management and general $49,168 · fundraising $9,544

  • 19 · Conferences, conventions and meetings

    total $156,123 · program services $92,143 · management and general $48,417 · fundraising $15,563

  • 23 · Insurance

    total $1,208 · management and general $1,208

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $15,900 · management and general $15,900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $376

  • 2 · Savings and temporary cash investments

    beginning of year $755,999 · end of year $381,889

  • 3 · Pledges and grants receivable

    beginning of year $718,838 · end of year $1,155,308

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,424 · end of year $3,887

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,386 · end of year $111,962

  • 18 · Grants payable

    beginning of year $65,000 · end of year $116,500

  • 27 · Net assets without donor restrictions

    beginning of year $507,623 · end of year $10,845

  • 28 · Net assets with donor restrictions

    beginning of year $872,252 · end of year $1,302,153

Mission and programs · 2023

Mission

WFS RAISES MONEY AND INVESTS IT IN NONPROFITS AND BUSINESSES ACROSS 13 STATES AS THE ONLY PERMANENT FOUNDATION DEDICATED TO CENTERING AND INVESTING IN THE COLLECTIVE HEALTH, WEALTH, AND POWER OF BLACK, INDIGENOUS, LATINX, AND ASIAN WOMXN AND GIRLS ACROSS THE SOUTH.

Activities or mission (Part I)

TO INVEST IN THE COLLECTIVE POWER, HEALTH, WELL-BEING, ECONOMIC SECURITY, AND LEADERSHIP OF WOMXN AND GIRLS OF COLOR IN THE SOUTH.

  • WFS ENVISIONS A FLOURISHING SOUTH WHERE WOMEN, GIRLS, AND GENDER EXPANSIVE PEOPLE OF COLOR ARE HEALTHY, SAFE, AND WELL-RESOURCED TO DETERMINE THEIR OWN DESTINIES AND ENSURE THAT THEY AND THEIR FAMILIES THRIVE. WFS AIMS TO BE A PERMANENT, ENDOWED INSTITUTION THAT SERVES AS A GATEWAY FOR DONORS, FOUNDATIONS, CORPORATIONS, AND INDIVIDUAL INVESTORS TO MAXIMIZE THE SOCIAL IMPACT OF THEIR INVESTMENTS IN WOMEN AND GIRLS OF COLOR IN THE SOUTH. WE VALUE THE BRILLIANCE OF MOTHER WIT, EQUITY JUSTICE, SISTERHOOD, POWER-SHARING, INGENUITY, SELF-DETERMINATION, AND COMMUNITY WISDOM.IN 2023, WFS EXPANDED OUR TEAM AND RAISED MONEY TOWARD REACHING ITS FULL 13-STATE FOCUS AREA ACROSS THE SOUTHERN U.S. ROOTED IN LOUISIANA, WFS EXPANDED ITS SERVICES IN 2023 TO INCLUDE ORGANIZATIONS LED BY WOMEN OF COLOR IN THE STATES OF GEORGIA AND TEXAS, EXPANDING OUR FOOTPRINT TO A TOTAL OF FOUR STATES. SINCE LAUNCHING THE WOC@REST PROGRAM, 91 NONPROFIT LEADERS HAVE PARTICIPATED IN FOUR COHORTS, AND WFS HAS INVESTED OVER $1M IN GRANTS AND PROGRAMMATIC INVESTMENT. OUR RADICAL APPROACH TO PHILANTHROPY IS EXEMPLIFIED IN OUR AWARD-WINNING PROGRAM, WOC@REST. THIS PROGRAM, CURATED IN PARTNERSHIP WITH JUNEBUG PRODUCTIONS, UNIQUELY CENTERS WOMEN LEADERS OF COLOR WHO SERVE ON THE FRONT LINES IN OUR ONGOING FIGHT FOR EQUITY, JUSTICE, HEALING, AND PROSPERITY IN COMMUNITIES THROUGHOUT THE AMERICAN SOUTH. WOC@REST ADDRESSES THREE ISSUES THAT WOC LEADERS REPORT ARE THEIR GREATEST CHALLENGES: - UNDERFUNDING OF THEIR WORK,- NEED FOR SELF-HEALING AND LEADERSHIP DEVELOPMENT SUPPORT, AND- MORE STRATEGIC COMMUNICATIONS HELP.NONPROFITS LED BY WOMEN OF COLOR, ESPECIALLY BLACK WOMEN, OFTEN MUST MEET A HIGH BAR TO PROVE THEIR "WORTHINESS AND CAPABILITY FOR FUNDING, WHILE BEING OVERLOOKED FOR THEIR KNOWHOW. WOC@REST OFFERS HARD-WORKING WOMEN OF COLOR LEADERS A NEEDED PAUSE AND TIME TO REST:RESTORE BY PARTICIPATING IN A 2-DAY HEALING RETREAT;ELEVATE THEIR LEADERSHIP WITH A LEADERSHIP DEVELOPMENT AND RESTORATION GRANT; SUPPORT THEIR LEADERSHIP THROUGH STATEWIDE AND REGIONAL NETWORK BUILDING; TELL THEIR STORY BY PARTICIPATING IN A RECORDED STORYTELLING EXERCISE THAT HIGHLIGHTS THE REALITY OF WOMEN AND GIRLS, ORGANIZATIONAL AND COMMUNITY NEEDS, INNOVATIVE PRACTICES IN THEIR WORK, AND RECOMMENDATIONS OF HOW THE PHILANTHROPIC ECOSYSTEM CAN HELP.

    Expenses $1,010,967 · Grants $352,455 · Revenue $2,000

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

Listed in Part VII

  • Lori Spicer Robertson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Diana Jones Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Susan Hairston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Janea Jamison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nasreen Jilani

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Reginald Canal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rica Lewis-Payton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sherece West Scantlebury

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Sonny Haynes

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Gladys Washington

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Kieta Mutepfa

    TREASURER (THRU 06/2023)

    Total calculated
    $0
    Hours/week
    2

  • Gracia Hillman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Carmen Randolph

    CEO

    Total calculated
    $307,383
    From this org
    $265,493
    From related orgs
    $0
    Other
    $41,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,889
    Bonus
    $10,704
    Other
    $900
    Deferred
    $25,987
    Nontaxable benefits
    $15,903
    Filer's total
    $307,383

  • Christy Slater

    VICE PRESIDENT OF PROGRAMS

    Total calculated
    $240,902
    From this org
    $212,133
    From related orgs
    $0
    Other
    $28,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,150
    Bonus
    $9,083
    Other
    $900
    Deferred
    $20,919
    Nontaxable benefits
    $7,850
    Filer's total
    $240,902

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

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE ORGANIZATION PROVIDED BONUSES FOR 2023.

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

Provenance

Return type
form_990
Tax year
2023
Filed
30 January 2025
IRS schema version
2023v6.0
Source object
202500319349302105

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