Women First Inc
- Assets
- $18.4m
- Revenue
- $1.8m
- Investments
- $2.0m
- Employees
- 6
- Location
- New York, NY
- Founding
- 12/1969
- Data as of
- 12/2023
- EIN
- 23-7068080
Organization Overview
Women First Inc, operating under the name Women First International Fund Vgif, is located in New York, NY. The organization was established in 1969. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Women First International Fund Vgif employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Women First International Fund Vgif 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, Women First International Fund Vgif generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. 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
WOMEN FIRST PROVIDES FLEXIBLE FUNDING OVER A SIX-YEAR PARTNERSHIP TO LOCAL GRASSROOTS ORGANIZATIONS THAT IMPROVE THE LIVES OF WOMEN, GIRLS AND TRANS PEOPLE BY CHANGING THEIR ECONOMIC FUTURES. OUR GRANTS AND PARTNERSHIPS SUSTAINABLY CHANGE THE LIVES OF WOMEN, GIRLS, TRANS PEOPLE, AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OGRANTMAKING PROGRAM - WOMEN FIRST PROVIDES GRANTS AND LONG-TERM PARTNERSHIP TO SMALL AND EMERGING ORGANIZATIONS LED BY WOMEN, GIRLS, AND/OR TRANS PEOPLE WORKING TOWARDS GENDER EQUITY IN THEIR OWN COMMUNITIES. THROUGH OUR UNIQUE 3-STAGE APPROACH, WE PARTNER WITH GRANTEES FOR 6 YEARS, AWARDING UP TO $95,000. WOMEN FIRST OFFERS FUNDING, CAPACITY ASSESSMENT AND PLANNING TOOLS, CAPACITY BUILDING RESOURCES, AND NETWORKING OPPORTUNITIES. GRANTEE PARTNERS MAY ALSO BE AWARDED ADDITIONAL FUNDING TO NAVIGATE UNEXPECTED CHALLENGES AND/OR CAPITALIZE ON URGENT, TIME-BOUND OPPORTUNITIES.WE WORK ALONGSIDE OUR GRANTEE PARTNERS OVER YEARS TO BUILD ORGANIZATIONAL EFFECTIVENESS, IMPROVE SUSTAINABILITY, CREATE OPPORTUNITIES AND CHANGE LIVES.SINCE OUR FOUNDING IN 1969, WOMEN FIRST HAS FUNDED MORE THAN 700 ORGANIZATIONS, IN OVER 95 COUNTRIES. WOMEN FIRST BELIEVES THAT WOMEN-LED ORGANIZATIONS ARE BEST EQUIPPED TO EMPOWER WOMEN AND GIRLS. TO ENHANCE ITS GRANT-MAKING EFFORTS, WOMEN FIRST ENGAGES IN EVENTS, BRIEFING, TRAINING, WORKSHOPS AND NON-GOVERNMENTAL DISCUSSIONS AT THE UNITED NATIONS HEADQUARTERS IN NEW YORK AS WELL AS VIRTUALLY THROUGH ITS CONSULTATIVE STATUS WITH ECOSOC (UN'S ECONOMIC AND SOCIAL COUNCIL) AND ITS MEMBERSHIP IN UN-RELATED GROUPS. WOMEN FIRST PRESENTS A GRASSROOTS PERSPECTIVE IN ITS FORMAL STATEMENTS TO THE UN AGENCIES AND GENERAL ASSEMBLY, AND IN A WIDE RANGE OF MEETINGS SPONSORED WITHIN THE AUSPICES OF THE UN. AN ACTIVE WOMEN FIRST UN COMMITTEE MEMBERSHIP, VOLUNTEERS AND ITS REGISTERED REPRESENTATIVES MAXIMIZE THE OUTCOMES OF ITS UN AFFILIATION WHILE EXPENDING A VERY LIMITED AMOUNT OF RESOURCES. THROUGH REPORTS FROM THESE ACTIVITIES, WOMEN FIRST INFORMS GRANTEES, MEMBERS AND DONORS ABOUT UN DISCUSSIONS, DECISIONS, AND POLICIES RELEVANT TO WOMEN FIRST'S FOCUS AND GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine D'urso President | OfficerTrustee | 5 | $0 |
Kate Landon Executive Vice President | OfficerTrustee | 5 | $0 |
Abby Meiselman Executive Vice President, Thru March 2023 | OfficerTrustee | 2 | $0 |
Jennifer Huff Secretary | OfficerTrustee | 3 | $0 |
Mary Mcgovern Treasurer | OfficerTrustee | 2 | $0 |
Raime Leeby Muhle Treasurer, Thru March 2023 | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,395 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,139,118 |
| Noncash contributions included in lines 1a–1f | $14,261 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140,513 |
| Total Program Service Revenue | $0 |
| Investment income | $511,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $180,935 |
| Net Income from Fundraising Events | -$1,004 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,832,847 |
| 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 | $1,021,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $228,621 |
| Compensation of current officers, directors, key employees. | $45,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $832,406 |
| Pension plan accruals and contributions | $9,519 |
| Other employee benefits | $48,526 |
| Payroll taxes | $36,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,462 |
| Fees for services: Accounting | $131,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,164 |
| Fees for services: Other | $127,199 |
| Advertising and promotion | $0 |
| Office expenses | $62,782 |
| Information technology | $31,029 |
| Royalties | $0 |
| Occupancy | $4,746 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,711 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,788 |
| All other expenses | $0 |
| Total functional expenses | $2,779,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536,693 |
| Savings and temporary cash investments | $1,627,801 |
| Pledges and grants receivable | $284,570 |
| 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 | $25,212 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,869,379 |
| Investments—other securities | $1,980,603 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,098 |
| Total assets | $18,377,356 |
| Accounts payable and accrued expenses | $80,759 |
| Grants payable | $33,000 |
| 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 | $113,759 |
| Net assets without donor restrictions | $17,533,562 |
| Net assets with donor restrictions | $730,035 |
| 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 | $18,377,356 |