Womens Opportunities Resource Center
- Assets
- $3.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 01/1994
- Data as of
- 09/2023
- EIN
- 23-2998893
Organization Overview
Womens Opportunities Resource Center is located in Philadelphia, PA. The organization was established in 1994. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. This organization is a subordinate organization within 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 $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $750.0k during the year ending 09/2023. While expenses have increased by 7.9% 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 PROVIDES ACCESS TO FINANCIAL SERVICES AND CAPTIAL TO LOW INCOME AND UNDERSERVED POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES MICRO-LOANS TO LOW INCOME AND UNDERSERVED POPULATIONS IN THE PHILADELPHIA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Cutler President | OfficerTrustee | 20 | $0 |
Barry Brait Treasurer | OfficerTrustee | 5 | $0 |
Julia Danzy Ex-Officio | Trustee | 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 | $696,082 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $726,082 |
| Total Program Service Revenue | $323,883 |
| Investment income | $27,563 |
| 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 | $1,077,528 |
| 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. | $43,848 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,792 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,449 |
| Fees for services: Accounting | $23,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,875 |
| Advertising and promotion | $0 |
| Office expenses | $9,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,588 |
| Travel | $3,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,551 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,888 |
| All other expenses | $8,856 |
| Total functional expenses | $749,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,128 |
| Savings and temporary cash investments | $1,889,868 |
| 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 | $1,268,998 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,015 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $121,612 |
| Total assets | $3,641,729 |
| Accounts payable and accrued expenses | $182,853 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $282,853 |
| Net assets without donor restrictions | $505,183 |
| Net assets with donor restrictions | $2,853,693 |
| 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 | $3,641,729 |