Wx Inc
- Assets
- $1.7m
- Revenue
- $629.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1989
- Data as of
- 06/2023
- EIN
- 13-3486516
Organization Overview
Wx Inc is located in New York, NY. The organization was established in 1989. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wx Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Wx Inc generated $629.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $583.0k during the year ending 06/2023. While expenses have increased by 14.6% per year over the past 8 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.
Since 2020, Wx Inc has awarded 37 individual grants totaling $677,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ADVANCEMENT OF WOMEN IN COMMERCIAL REAL ESTATE; TO ENHANCE PUBLIC PERCEPTION ABOUT THE ROLE OF WOMEN IN THE INDUSTRY; & PROMOTE HIGHEST STANDARDS OF PROFESSIONALISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORK OF WX, INC. IS TO FURTHER WOMEN'S EXPERTISE IN ALL ASPECTS OF COMMERCIAL REAL ESTATE THROUGH EDUCATIONAL PROGRAMS, NEWSLETTERS AND MEETINGS AND TO ACKNOWLEDGE AND REWARD THE ACHIEVEMENTS OF WOMEN IN THESE ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonia Bain Immediate Past President & Officer | OfficerTrustee | 0 | $0 |
Jennifer Schwartzman President & Officer | OfficerTrustee | 0 | $0 |
Julie Wong Treasurer & Officer | OfficerTrustee | 0 | $0 |
Amy Boyle Director | Trustee | 0 | $0 |
Mimi Raygorodetsky Director | Trustee | 0 | $0 |
Lauren Holden Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $131,392 |
| Investment income | $9,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $488,516 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $629,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $233,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,525 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,528 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,661 |
| Insurance | $7,733 |
| All other expenses | $0 |
| Total functional expenses | $583,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,525 |
| Savings and temporary cash investments | $692,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,500 |
| 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 | $27,336 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $719,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,695 |
| Other assets | $0 |
| Total assets | $1,742,061 |
| Accounts payable and accrued expenses | $33,000 |
| Grants payable | $0 |
| Deferred revenue | $249,133 |
| 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 | $282,133 |
| Net assets without donor restrictions | $1,459,928 |
| Net assets with donor restrictions | $0 |
| 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 | $1,742,061 |
Grants Awarded
Over the last fiscal year, Wx Inc has awarded $201,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NONTRADITIONAL EMPLOYMENT FOR WOMEN (NEW) PURPOSE: 22-23 GRANT | $25,000 |
CITY COLLEGE OF NY (CCNY) PURPOSE: SCHOLARSHIP | $54,000 |
COLUMBIA BUSINESS SCHOOL PURPOSE: SCHOLARSHIP | $17,000 |
NEW YORK LAW SCHOOL PURPOSE: SCHOLARSHIP | $30,000 |
NEW YORK UNIVERSITY (NYU) PURPOSE: SCHOLARSHIP | $25,000 |
BROOKLYN LAW SCHOOL PURPOSE: SCHOLARSHIP | $15,000 |