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← WOMEN CORPORATE DIRECTORS EDUCATION AND DEVELOPMENT FOUNDATION INC

Form 990 for tax year 2022

Filed by WOMEN CORPORATE DIRECTORS EDUCATION AND DEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$3,618,955
Total expenses
$3,914,721
Contributions and grants received
$3,166,897
Grants paid
$0
Program service revenue
$382,919
Investment income
$82
Other revenue
$69,057
Total assets, end of year
$3,117,807
Total liabilities, end of year
$848,211
Net assets or fund balances, end of year
$2,269,596
Program services expenses (Part IX)
$2,987,692
Management and general expenses
$486,790
Fundraising expenses
$440,239
Program service expenses (Part III)
$2,987,692

Program services were 76.3% 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

    $1,263,538

  • 1f · All other contributions, gifts and grants

    $1,903,359

  • 1g · Noncash contributions included above

    $33,500

  • 2a · Program service revenue: CONVENTIONS

    total $315,125 · related or exempt $315,125

  • 2b · Program service revenue: CHAPTER MEETINGS

    total $67,794 · related or exempt $67,794

  • 3 · Investment income

    total $82 · excluded $82

  • 11a · Other revenue: MISCELLANEOUS

    total $69,057 · related or exempt $69,057

  • 11e · Other revenue, total

    $69,057

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $626,500 · program services $375,900 · management and general $125,300 · fundraising $125,300

  • 7 · Other salaries and wages

    total $764,985 · program services $458,991 · management and general $152,997 · fundraising $152,997

  • 8 · Pension plan contributions

    total $73,143 · program services $43,885 · management and general $14,629 · fundraising $14,629

  • 9 · Other employee benefits

    total $73,130 · program services $43,878 · management and general $14,626 · fundraising $14,626

  • 10 · Payroll taxes

    total $81,822 · program services $49,094 · management and general $16,364 · fundraising $16,364

  • 11b · Fees: legal

    total $105,994 · program services $66,014 · management and general $29,560 · fundraising $10,420

  • 11c · Fees: accounting

    total $246,045 · program services $153,240 · management and general $68,618 · fundraising $24,187

  • 11g · Fees: other

    total $960 · program services $598 · management and general $268 · fundraising $94

  • 12 · Advertising and promotion

    total $27,944 · fundraising $27,944

  • 13 · Office expenses

    total $232,583 · program services $191,970 · management and general $32,698 · fundraising $7,915

  • 17 · Travel

    total $46,030 · program services $46,030

  • 19 · Conferences, conventions and meetings

    total $1,260,737 · program services $1,260,737

  • 22 · Depreciation, depletion and amortization

    total $83,061 · program services $27,687 · management and general $27,687 · fundraising $27,687

  • 23 · Insurance

    total $20,217 · program services $12,131 · management and general $4,043 · fundraising $4,043

  • 24a · Other expenses: CHAPTER EXPENSES

    total $213,000 · program services $213,000

  • 24b · Other expenses: OTHER EXPENSES

    total $44,351 · program services $44,351

  • 24c · Other expenses: LICENSES AND FEES

    total $14,033 · fundraising $14,033

  • 24d · Other expenses: MISCELLANEOUS

    total $186 · program services $186

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,320,904 · end of year $1,067,882

  • 3 · Pledges and grants receivable

    beginning of year $121,781

  • 4 · Accounts receivable

    end of year $116,166

  • 9 · Prepaid expenses and deferred charges

    beginning of year $113,034 · end of year $58,654

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

    $754,358

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

    $462,301

  • 10c · Land, buildings and equipment, net

    beginning of year $180,626 · end of year $292,057

  • 14 · Intangible assets

    beginning of year $1,583,048 · end of year $1,583,048

  • 15 · Other assets

    beginning of year $3,720 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $253,737 · end of year $401,734

  • 19 · Deferred revenue

    beginning of year $482,177 · end of year $446,477

  • 27 · Net assets without donor restrictions

    beginning of year $2,587,199 · end of year $2,269,596

Mission and programs · 2022

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE PROGRAMS, SERVICES, AND EDUCATIONAL OPPORTUNITIES TO ENCOURAGE AND ENABLE WOMEN TO PARTICIPATE IN CORPORATE GOVERNANCE. AS THE PREEMINENT ORGANIZATION FOR WOMEN BOARD MEMBERS GLOBALLY, THE ORGANIZATION'S PURPOSE IS TO INCREASE REPRESENTATION AND THE PIPELINE FOR WOMEN ON BOARDS, AND INSPIRE BOARDS WORLDWIDE THROUGH EDUCATION, RESEARCH AND TOOLS REGARDING BEST PRACTICES IN GOVERNANCE AND LEADERSHIP.

Activities or mission (Part I)

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE PROGRAMS, SERVICES, AND EDUCATIONAL OPPORTUNITIES TO ENCOURAGE AND ENABLE WOMEN TO PARTICIPATE IN CORPORATE GOVERNANCE.

  • THE GLOBAL INSTITUTE IS A CONFERENCE FOR WOMEN BOARD MEMBERS WHO SERVE ON LARGE PUBLIC COMPANY BOARDS. THIS EVENT IS TO PROVIDE PROGRAMMING AND NETWORKING OPPORTUNITIES FOR THOSE BOARD MEMBERS TO ENHANCE KNOWLEDGE AND EFFECTIVENESS OF THE BOARDS ON WHICH THEY SERVE.

    Expenses $1,260,737 · Revenue $315,125

  • INSTITUTES AND CONFERENCES ARE CONDUCTED IN VARIOUS LOCATIONS AROUND THE GLOBE FOR PURPOSES OF MORE LOCALIZED TRAINING AND EDUCATION OF WOMEN DIRECTORS. REGIONAL INSTITUTES AND EVENTS ARE HELD IN ASIA PACIFIC, EUROPE, AND THE AMERICAS WHERE PROGRAMMING DRAWS MEMBERS INTO A TRUE COMMUNITY OF KNOWLEDGE AND TRUST AND SHARING OF BEST PRACTICES. WCDIRECT VIRTUAL EVENTS PROVIDE PROGRAMMING AND NETWORKING OPPORTUNITIES FOR MEMBERS TO ENHANCE KNOWLEDGE AND EFFECTIVENESS OF THE BOARDS ON WHICH THEY SERVE.

  • LOCAL CHAPTER MEETINGS ARE HELD THROUGHOUT THE YEAR TO PROVIDE ACCESS TO PROGRAMMING AT A LOCAL MEMBER LEVEL REGARDING CORPORATE GOVERNANCE. WITH 70 CHAPTERS WORLDWIDE, CHAPTER EVENTS AND MEETINGS ARE HELD LOCALLY TO CONNECT WITH PEERS AND LEARN FROM EXPERTS IN AREAS CRITICAL TO SUCCESSFUL BOARD GOVERNANCE.

    Expenses $213,000 · Revenue $67,794

  • OTHER PROGRAM SERVICE EXPENSES NOT DIRECTLY ALLOCATED TO THE ORGANIZATION'S THREE LARGEST PROGRAM SERVICES.

    Expenses $1,513,955 · Revenue $69,057

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

Listed in Part VII

  • Marylean Abney

    CFO AND TREASURER

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Karen Mitchell Curran

    CHAIR, LEAD DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Lisa Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jackie Daylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Deborah Ellinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Kalpana Ramakrishnan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mary Beth Vitale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jennifer Reynolds

    CEO

    Total calculated
    $390,882
    From this org
    $363,611
    From related orgs
    $0
    Other
    $27,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,611
    Bonus
    $0
    Other
    $0
    Deferred
    $21,817
    Nontaxable benefits
    $5,454
    Filer's total
    $390,882

  • Katie Squires-Thompson

    COO

    Total calculated
    $73,652
    From this org
    $68,513
    From related orgs
    $0
    Other
    $5,139
    Hours/week
    40

  • Christina Baerga

    CHIEF MEMBERSHIP OFFICER

    Total calculated
    $153,557
    From this org
    $136,982
    From related orgs
    $0
    Other
    $16,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,982
    Bonus
    $0
    Other
    $0
    Deferred
    $8,219
    Nontaxable benefits
    $8,356
    Filer's total
    $153,557

  • Dianne Finnemore

    DEVELOPMENT EXECUTIVE

    Total calculated
    $140,907
    From this org
    $125,697
    From related orgs
    $0
    Other
    $15,210
    Hours/week
    40

  • Judy McLevey

    SENIOR DIRECTOR EDUCATION & PROGRAMMING

    Total calculated
    $117,705
    From this org
    $105,000
    From related orgs
    $0
    Other
    $12,705
    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. 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
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
TWO INDIVIDUALS FORM 990 PART VII, WHOM REMAIN ANONYMOUS DUE TO CONFIDENTIALITY AGREEMENTS, RECEIVED SEVERANCES TOTALING $59,333.

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 March 2024
IRS schema version
2022v5.0
Source object
202420809349300037

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