Womens Mentoring Network Inc
- Assets
- $412.0k
- Revenue
- $425.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Stamford, CT
- Founding
- 05/1997
- Data as of
- 06/2022
- EIN
- 06-1470354
Organization Overview
Womens Mentoring Network Inc is located in Stamford, CT. The organization was established in 1997. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Womens Mentoring Network Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Mentoring Network Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Womens Mentoring Network Inc generated $425.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $259.9k during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CAREER, EDUCATION AND PERSONAL RESOURCE THAT PROMOTES FINANCIAL INDEPENDANCE FOR ECONOMICALLY AND SOCIALLY DISADVANTAGED WOMEN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT SERVICES-JOB/EDUCATION COUNSELING AND TECHNICAL ASSISTANCE. EFFORTS ARE DIRECTED TOWARDS ACCELERATING ENTRY INTO THE WORKFORCE, EFFECTIVE JOB PERFORMANCE, WORKPLACE ADVANCEMENT, FINACIAL LITERACY, AND LONG-TERM CAREER SATISFACTION.
FIRST GENERATION ACHIEVEMENT PROGRAM-PREPARES YOUTH FROM WOMEN'S MENTORING NETWORK'S FAMILIES TO COMPETE ACADEMICALLY AND SOCIALLY FOR EDUCATION THAT WILL LEAD TO QUALITY EMPLOYMENT, ALLOWING THEM TO MAINSTREAM AS PROODUCTIVE ADULTS. WMN ASSISTS STUDENTS AND THIER PARENTS WITH SCHOOL PREPARATION, JOB PREPARATION, FINACIAL LITERACY, AND POST GRADUATE PLANNING.
E TO THE 4TH POWER-PROVIDES LIFE COPING SKILLS CENTERED ON CAREER, PERSONAL DEVELOPMENT, PARENTING, FINANCIAL LITERACY, AND FAMILY HEALTH ISSUES. DEVELOPS LEADERSHIP AND SOCIALIZATION SKILLS AND PROVIDES POSITIVE PEER SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lana Gifas Executive Director | OfficerTrustee | 40 | $83,750 |
Angelina Columbo Director-Co President | OfficerTrustee | 1 | $0 |
Jeanine Long Director-Vice President | OfficerTrustee | 1 | $0 |
Shirley Hu Director-Treasurer | OfficerTrustee | 1 | $0 |
Andrea Fields Director-Co President | OfficerTrustee | 1 | $0 |
Romana Mocan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,694 |
| Noncash contributions included in lines 1a–1f | $54,941 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,444 |
| Total Program Service Revenue | $1,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,783 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $425,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,750 |
| Compensation of current officers, directors, key employees. | $14,231 |
| Compensation to disqualified persons | $54,300 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,738 |
| Payroll taxes | $10,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,818 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $347 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,709 |
| All other expenses | $0 |
| Total functional expenses | $259,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,561 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $411,975 |
| Accounts payable and accrued expenses | $5,248 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,248 |
| Net assets without donor restrictions | $346,727 |
| Net assets with donor restrictions | $60,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $411,975 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Womens Mentoring Network Inc has recieved totaling $115,112.
| Awarding Organization | Amount |
|---|---|
Windmill Foundation Inc Stamford, CT PURPOSE: EMPLOYMENT & EDUCATION PROGRAM | $75,000 |
New Canaan Community Foundation Inc New Canaan, CT PURPOSE: GRANT TO SUPPORT FIRST GENERATION ACHIEVEMENT PROGRAM AND E TO THE 4TH POWER PROGRAM | $13,500 |
The@pitney Bowes Employee Involvement Fund Inc Stamford, CT PURPOSE: E TO THE 4TH POWER PROGRAM (EMPLOYMENT, EDUCATION, ECONOMIC MOBILITY, EMPOWERMENT) | $10,000 |
William Caspar Graustein Memorial Fund Hamden, CT PURPOSE: E TO THE 4TH POWER PROGRAM (EMPLOYMENT, EDUCATION, ECONOMIC MOBILITY, EMPOWERMENT) | $5,000 |
Eversource Energy Foundation Inc Hartford, CT PURPOSE: SUPPORT FOR THE WOMEN MENTORING PROGRAM | $2,500 |
Herbert And Nell Singer Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Peer Organizations
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|---|---|---|
Thames Valley Council For Community Action Inc Jewett City, CT | $13,514,685 | $42,090,218 |
B H R A G S Homecare Inc Brooklyn, NY | $22,952,374 | $39,112,109 |
Coalition For Hispanic Family Ser Brooklyn, NY | $9,747,863 | $28,088,476 |
Community Programs Of Westchester Jewish Community Services White Plains, NY | $12,138,978 | $16,937,661 |
Sunnyside Community Services Inc Long Island City, NY | $7,213,077 | $15,496,475 |
The B E L L Foundation Inc Westwood, MA | $26,190,550 | $19,692,109 |
Marshall Project Inc New York, NY | $18,747,646 | $15,174,508 |
Nassau-Suffolk Law Services Committee Inc Hempstead, NY | $5,326,603 | $11,194,760 |
Mercy Flight Central Inc Canandaigua, NY | $14,339,659 | $14,213,717 |
Here To Here Foundation Inc Bronx, NY | $10,262,789 | $1,365,332 |
Arab-American Family Support Center Inc Brooklyn, NY | $5,221,623 | $9,617,886 |
Asian Americans For Equality Inc New York, NY | $26,601,430 | $8,393,675 |