Womens Opportunities Resource Center
- Assets
- $3.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Philadelphia, PA
- Founding
- 01/1994
- Data as of
- 09/2021
- EIN
- 23-2741508
Organization Overview
Womens Opportunities Resource Center is located in Philadelphia, PA. The organization was established in 1994. 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. As of 09/2021, Womens Opportunities Resource Center employed 10 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Womens Opportunities Resource Center 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 09/2021, Womens Opportunities Resource Center generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $987.6k during the year ending 09/2021. 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 ORGANIZATION PROMOTES SOCIAL AND ECONOMIC SELF-SUFFICIENCY PRIMARILY FOR ECONOMICALLY DISADVANTAGED WOMEN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINED CLIENTS TO PREPARE BUSINESS PLANS AND TO START A BUSINESS THROUGH MICROENTERPRISE TRAINING PROGRAM, LINKED CLIENTS WITH FINANCIAL RESOURCES, AND PROVIDED SAVINGS PROGRAMS TO LOW INCOME INVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Cutler President | OfficerTrustee | 40 | $89,915 |
Deborah Rounick Secretary | OfficerTrustee | 5 | $0 |
Julia Danzy Ex-Officio | Trustee | 5 | $0 |
Barry Brait Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,150,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $462,702 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,613,119 |
| Total Program Service Revenue | $30,174 |
| Investment income | $19,112 |
| 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 | $1,963,252 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,941 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $55,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,026 |
| Fees for services: Accounting | $21,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $426,549 |
| Advertising and promotion | $0 |
| Office expenses | $19,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,108 |
| Travel | $3,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,685 |
| Interest | $18,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,294 |
| Insurance | $10,800 |
| All other expenses | $7,115 |
| Total functional expenses | $987,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,222,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $862,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $383,872 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,543 |
| Net Land, buildings, and equipment | $331,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,752 |
| Total assets | $3,838,661 |
| Accounts payable and accrued expenses | $226,421 |
| 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 | $486,454 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $712,875 |
| Net assets without donor restrictions | $1,065,242 |
| Net assets with donor restrictions | $2,060,544 |
| 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 | $3,838,661 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Womens Opportunities Resource Center has recieved totaling $262,375.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | | $133,375 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $79,500 |
Patricia Kind Family Foundation Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
The Sylvia W And Randle M Kauders Foundation Inc Radnor, PA PURPOSE: FAMILY FINANCIAL CAPABILITY | $10,000 |
Aarp Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $10,000 |
Wsfs Foundation Wilmington, DE PURPOSE: REVITALIZATION AND BUSINESS ECONOMIC EMPOWERMENT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conference Board Inc New York, NY | $64,541,991 | $72,603,284 |
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |