Womens Impact Fund
- Assets
- $483.4k
- Revenue
- $693.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlotte, NC
- Founding
- 10/2007
- Data as of
- 06/2023
- EIN
- 26-1133584
Organization Overview
Womens Impact Fund is located in Charlotte, NC. The organization was established in 2007. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2023, Womens Impact Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Impact 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 06/2023, Womens Impact Fund generated $693.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $798.0k during the year ending 06/2023. While expenses have increased by 3.6% 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.
Since 2015, Womens Impact Fund has awarded 114 individual grants totaling $4,746,099. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHEN COMMUNITIES BY MAXIMIZING WOMENS LEADERSHIP IN PHILANTHROPY THROUGH COLLECTIVE GIVING, EDUCATION AND ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WOMEN'S IMPACT FUND MAKES CHARITABLE CONTRIBUTIONS TO STRENGTHEN OUR COMMUNITY THROUGH COLLECTIVE GIVING.
THE WOMEN'S IMPACT FUND ENGAGES ITS MEMBERS IN THE PROCESS AND IMPACT OF COLLECTIVE GIVING IN ORDER TO MAXMIZE WOMEN'S LEADERSHIP IN PHILANTHROPY IN OUR COMMUNITY.
WOMEN'S IMPACT FUND EDUCATIONAL EVENTS PROVIDE TARGETED OPPORTUNITIES FOR MEMBERS TO LEARN ABOUT COLLECTIVE GIVING DEVELOPMENTS, LOCAL CHARITABLE LEADERSHIP, AND MOBILIZE WOMEN AS PHILANTHROPIC FUNDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Massey Hoke Executive Dir. | Officer | 40 | $99,000 |
Liana Humphrey At-Large | Trustee | 2 | $0 |
Liz Thomas-Hollier Grants Chair | Trustee | 4 | $0 |
Joy Marshall Member Ed. Chai | Trustee | 4 | $0 |
Donna Dunlap At-Large | Trustee | 2 | $0 |
Alina Macnichol Education Vc | Trustee | 4 | $0 |
Financial Statements
| 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 | $673,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,995 |
| Total Program Service Revenue | $12,742 |
| Investment income | $7,057 |
| 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 | $693,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $526,500 |
| 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. | $99,000 |
| Compensation of current officers, directors, key employees. | $24,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,154 |
| Advertising and promotion | $0 |
| Office expenses | $1,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,339 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,185 |
| All other expenses | $21,641 |
| Total functional expenses | $798,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $242,990 |
| 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 | $240,434 |
| Total assets | $483,424 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $348,111 |
| Net assets with donor restrictions | $135,313 |
| 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 | $483,424 |
Grants Awarded
Over the last fiscal year, Womens Impact Fund has awarded $520,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ARTPOP PURPOSE: Unrestricted operating support | $33,000 |
CATAWBA RIVERKEEPER FOUNDATIO PURPOSE: Unrestricted Operating Support | $47,000 |
CHARLOTTE SPEECH AND HEARING PURPOSE: Unrestricted Operating Support | $70,000 |
FREEDOM COMMUNITIES PURPOSE: Unrestricted Operating Support | $47,000 |
CHARLOTTE ART LEAGUE PURPOSE: Unrestricted Operating Support | $38,000 |
GARDHOUSE PURPOSE: Unrestricted Operating Support | $25,000 |