Womens Global Empowerment Fund is located in Denver, CO. The organization was established in 2008. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Global Empowerment Fund 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 12/2023, Womens Global Empowerment Fund generated $207.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $192.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 5 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER WOMEN THROUGH ECONOMIC, SOCIAL AND POLITICAL PROGRAMS; CREATING OPPORTUNITIES WHILE ADDRESSING INEQUALITY, STRENGTHENING FAMILIES AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF DECEMBER 2023, OUR CREDIT PLUS PROGRAM HAS GIVEN OVER 40,562 MICROCREDIT LOANS, 3629+ NEW LOANS IN 2023, (498 BORROWING GROUPS), BASIC BUSINESS TRAINING AND OPPORTUNITIES TO PARTICIPANTS IN DEVELOPMENT PROGRAMS. WE MADE OUR FIRST LOAN IN OCTOBER, 2007 AND SINCE APRIL, 2008, HAVE EXPERIENCED RAPID GROWTH. WE CONTINUE TO ADD FUNDS TO OUR LOAN PORTFOLIO, CREATING AND BUILDING CAPACITY IN OUR PROGRAMS. OUR REPUTATION IN THE COMMUNITY IS POSITIVE; WE HAVE A GOOD, SOLID, FAIR PROGRAM, RESULTING IN NEW GROUPS APPLYING WEEKLY. SEVERAL INDICATORS HIGHLIGHT THE SUCCESS OF THIS PROGRAM AND WHERE WE ARE AT THIS POINT IN TIME. ONE, WE HAVE HAD NO DEFAULTS; TWO, GROUPS CONTINUE TO EXPAND AND GROW THEIR BUSINESSES, MANY WOMEN ARE HIRING ASSISTANTS AND EMPLOYEES FROM THEIR VILLAGES; THREE, WE HAVE CREATED A COMPLETE AND VIBRANT LOCAL FOOD ECONOMY BY SUPPORTING WOMEN FARMERS; ALSO, GULU WOMEN'S RESOURCE CENTRE (GWRC) AND LEADERSHIP DEVELOPMENT CONTINUED IN 2023, PROVIDING SUPPORT AND RESOURCES FOR WOMEN AND GIRLS EXPERIENCING GENDER BASED VIOLENCE, FORCED MARRIAGE AND OTHER CHALLENGES. PROGRAM HIGHLIGHTS: * PEER COUNSELING ONGOING TRAINING AND SUPPORT - 238 WOMEN LEADERS * ACCESS TO JUSTICE FOR WOMEN - THIS PROGRAM IS FULLY FUNCTIONING IN THE COMMUNITY PROVIDING WOMEN SUPPORT AND INFORMATION ABOUT THE JUSTICE SYSTEM, NAVIGATING BREAKAGES IN THE JUSTICE CHAIN AND REFERRALS. WE HAVE 22 TRAINED COUNSELORS WHO HAVE HELPED NAVIGATE SUPPORT WOMEN IN OVER 1500 CASES IN 2023 AND A TOLL FREE NATIONWIDE NUMBER HAS BEEN SECURED AND IS FULLY OPERATIONAL. * GWRC SUPPORTED OVER 2000 WOMEN FACING GENDER BASED VIOLENCE BY PROVIDING SUPPORT AND RESOURCES. * 108 GIRLS PREVENTED FROM FORCED/EARLY MARRIAGE THROUGH THE ACCESS TO JUSTICE FAMILY MEDIATION INITIATIVE. * THE HEALTHY PERIODS INITIATIVE HAS DISTRIBUTED NEARLY 8.5M SANITARY PRODUCTS TO WOMEN AND SCHOOL GIRLS, INCLUDING MONTHLY DELIVERIES AND EDUCATION TO WOMEN, GIRLS ACROSS THE REGIONS. IN 2023, 450,000 SANITARY PRODUCTS WERE DELIVERED TO 26 SCHOOLS ACROSS THE REGION. * AGRO LOAN PROGRAM - IN 2023 900+ WOMEN WERE GIVEN AG LOANS TO SUPPORT/CREATE SMALL/MEDIUM SCALE FARM PROJECTS; INCLUDING ONGOING TRAININGS AND SUPPORT. * 572+ SERVING IN LEADERSHIP POSITIONS ACROSS THE REGION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Powl Board Chair | OfficerTrustee | 1 | $0 |
Louise Martorano Board Treasurer | OfficerTrustee | 1 | $0 |
Charlotte Seymour Board Secretary | OfficerTrustee | 1 | $0 |
Julie Dugdale Board Member | Trustee | 1 | $0 |
Erin Flarity Board Member | Trustee | 1 | $0 |
Erin Huiting Board Member | Trustee | 1 | $0 |
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 | $206,956 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $206,956 |
Total Program Service Revenue | $0 |
Investment income | $1 |
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 | $206,957 |
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 | $38,870 |
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 | $17,851 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,544 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,710 |
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 | $6,237 |
Information technology | $11,622 |
Royalties | $0 |
Occupancy | $39,165 |
Travel | $25,435 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $6,033 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,108 |
All other expenses | $530 |
Total functional expenses | $192,239 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $32,838 |
Pledges and grants receivable | $0 |
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 | $0 |
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 | $32,838 |
Accounts payable and accrued expenses | $14,853 |
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 | $14,853 |
Net assets without donor restrictions | $0 |
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 | $17,985 |
Total liabilities and net assets/fund balances | $32,838 |