Womens Opportunities Resource Center
- Assets
- $4.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Philadelphia, PA
- Founding
- 01/1994
- Data as of
- 09/2023
- 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 09/2023, Womens Opportunities Resource Center employed 12 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 09/2023, Womens Opportunities Resource Center generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $1.4m during the year ending 09/2023. While expenses have increased by 3.0% 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
2023
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 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Cutler President | OfficerTrustee | 30 | $94,945 |
Barry Brait Treasurer | OfficerTrustee | 5 | $0 |
Julia Danzy Ex-Officio | Trustee | 0.5 | $0 |
Regina Jean-Baptiste Director | Trustee | 5 | $0 |
Deborah Rounick Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,365,054 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,708,529 |
| Total Program Service Revenue | $88,213 |
| Investment income | $3,498 |
| 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 | $1,802,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $141,239 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,286 |
| Compensation of current officers, directors, key employees. | $3,048 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,872 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,519 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,732 |
| Fees for services: Accounting | $15,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $529,331 |
| Advertising and promotion | $0 |
| Office expenses | $18,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,496 |
| Travel | $5,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,012 |
| Interest | $13,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,681 |
| Insurance | $16,992 |
| All other expenses | $11,755 |
| Total functional expenses | $1,361,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,236,001 |
| Savings and temporary cash investments | $1,363,364 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $882,161 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,077,540 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,759 |
| Net Land, buildings, and equipment | $313,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,593 |
| Total assets | $4,924,890 |
| Accounts payable and accrued expenses | $124,082 |
| 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 | $633,221 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $121,612 |
| Total liabilities | $878,915 |
| Net assets without donor restrictions | $1,078,507 |
| Net assets with donor restrictions | $2,967,468 |
| 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 | $4,924,890 |