W I T Foundation Inc
- Assets
- $646.1k
- Revenue
- $704.0k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 13-3929472
Organization Overview
W I T Foundation Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, W I T Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W I T Foundation 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 12/2021, W I T Foundation Inc generated $704.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $610.6k during the year ending 12/2021. While expenses have increased by 14.2% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WIT FOUNDATION INC. IS A COLLABORATIVE COMMUNITY CHAMPIONING PROFESSIONAL GROWTH FOR WOMEN THROUGH LEADERSHIP, NETWORKING AND EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WIT FOUNDATION INC. IS A COLLABORATIVE COMMUNITY CHAMPIONING PROFESSIONAL GROWTH FOR WOMEN THROUGH LEADERSHIP, NETWORKING AND EDUCATIONAL OPPORTUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Kay Russell Executive Dir. | Officer | 40 | $86,103 |
Alita Friedman Secr/treasurer | OfficerTrustee | 5 | $0 |
Janice Ross President | OfficerTrustee | 20 | $0 |
Stefanie Barone Director | Trustee | 1 | $0 |
Michele Martell Director | Trustee | 1 | $0 |
Jennifer Quattrock Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $95,977 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $540,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $662,659 |
| Total Program Service Revenue | $41,326 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $703,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,103 |
| Compensation of current officers, directors, key employees. | $8,610 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,046 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,958 |
| Payroll taxes | $15,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $399 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,642 |
| Advertising and promotion | $32,470 |
| Office expenses | $373 |
| Information technology | $35,318 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,030 |
| All other expenses | $7,234 |
| Total functional expenses | $610,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $598,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,975 |
| 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 | $38,783 |
| 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 | $646,077 |
| Accounts payable and accrued expenses | $28,692 |
| Grants payable | $0 |
| Deferred revenue | $148,171 |
| 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 | $176,863 |
| Net assets without donor restrictions | $469,214 |
| 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 | $646,077 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that W I T Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
United Way Of Connecticut Rocky Hill, CT | $9,253,569 | $38,307,240 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |