International Womens Insolvency & Restructuring Confederation Inc
- Assets
- $1.2m
- Revenue
- $632.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Stanardsville, VA
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 13-3769243
Organization Overview
International Womens Insolvency & Restructuring Confederation Inc, operating under the name Iwirc, is located in Stanardsville, VA. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Iwirc 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 12/2022, Iwirc generated $632.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $620.6k during the year ending 12/2022. While expenses have increased by 6.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CONNECTION, PROMOTION AND SUCCESS OF WOMEN IN THE INSOLVENCY AND RESTRUCTURING PROFESSIONS WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP - SOME BENEFITS OF IWIRC MEMBERSHIP INCLUDE, BUT ARE NOT LIMITED TO:-2,000 GLOBAL MEMBERS, COMPRISING MANY OF THE SENIOR WOMEN IN THE INSOLVENCY FIELD, PROVIDE A ROBUST NETWORK OF CONTACTS, AN EXCELLENT RESOURCE FOR REFERRALS, CAREER GUIDANCE, PRACTICE EXPERTISE AND CAMARADERIE.-A FAST TRACK TO LEADERSHIP POSITIONS AT THE NETWORK AND THE BOARD LEVEL OF THE ORGANIZATION IS AVAILABLE TO ALL WHO ARE ACTIVELY INVOLVED.-MEMBERS HAVE ACCESS TO PROGRAMS AND TOOLS RELEVANT TO THEIR PRACTICE.-REDUCED REGISTRATION FEES FOR MEMBERS ARE OFFERED TO THE ANNUAL SPRING LUNCHEON AND FALL CONFERENCE, AS WELL AS MANY OF THE REGIONAL AND LOCAL EVENTS HELD BY IWIRC.
LEADERSHIP SUMMIT - THE ANNUAL LEADERSHIP SUMMIT IN 2022 WAS HELD IN MINNEAPOLIS, MN AND WAS ATTENDED BY 69 INDIVIDUALS.
SPRING CONFERENCE - THE 19TH ANNUAL SPRING CONFERENCE IN 2022 WAS HELD IN WASHINGTON DC AND WAS ATTENDED BY 183 INDIVIDUALS. THE 18TH ANNUAL SPRING CONFERENCE IN 2021 WAS NOT HELD DUE TO COVID.
FALL CONFERENCE - THE 29TH ANNUAL FALL CONFERENCE IN 2022 WAS HELD IN ORLANDO, FL AND WAS ATTENDED BY 167 INDIVIDUALS. THE 28TH ANNUAL FALL CONFERENCE IN 2021 WAS HELD IN INDIANAPOLIS, IN AND WAS ATTENDED BY 75 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Kimble Chair | OfficerTrustee | 1 | $0 |
Marjorie Kaufman Vice Chair | OfficerTrustee | 1 | $0 |
Karen Fellowes Secretary | OfficerTrustee | 1 | $0 |
Evelyn Meltzer Finance Director | OfficerTrustee | 1 | $0 |
Leyza Blanco Immediate Past Chair | OfficerTrustee | 1 | $0 |
Eloise Matsui Vice Finance Director | OfficerTrustee | 1 | $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 | $177,465 |
| Noncash contributions included in lines 1a–1f | $3,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,465 |
| Total Program Service Revenue | $441,847 |
| Investment income | $13,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,483 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $29,595 |
| 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 | $107,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,339 |
| Fees for services: Other | $3,500 |
| Advertising and promotion | $2,033 |
| Office expenses | $44,471 |
| Information technology | $31,147 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $273,592 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,985 |
| All other expenses | $0 |
| Total functional expenses | $620,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,176 |
| Savings and temporary cash investments | $91,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $495 |
| 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 | $178,791 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $825,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,217,636 |
| Accounts payable and accrued expenses | $1,560 |
| Grants payable | $0 |
| Deferred revenue | $258,522 |
| 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 | $260,082 |
| Net assets without donor restrictions | $957,554 |
| 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 | $1,217,636 |
Grants Awarded
Over the last fiscal year, International Womens Insolvency & Restructuring Confederation Inc has awarded $11,825 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IWIRC - NEW YORK NETWORK PURPOSE: NETWORK GRANT TO SUPPORT EVENTS/MEETINGS | $5,525 |
IWIRC - MOUNTAIN DESERT NETWORK PURPOSE: NETWORK GRANT TO SUPPORT EVENTS/MEETINGS | $6,300 |