Womanspace Inc
- Assets
- $563.4k
- Revenue
- $323.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Rockford, IL
- Founding
- 08/1978
- Data as of
- 08/2022
- EIN
- 36-2947741
Organization Overview
Womanspace Inc is located in Rockford, IL. The organization was established in 1978. According to its NTEE Classification (P83) the organization is classified as: Women's Centers, under the broad grouping of Human Services and related organizations. As of 08/2022, Womanspace Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womanspace Inc 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 08/2022, Womanspace Inc generated $323.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $339.1k during the year ending 08/2022. While expenses have increased by 2.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING, EMPOWERING, CREATING, AND TRANSFORMING OUR WORLD ONE WOMAN AT A TIME BY OFFERING PROGRAMMING THAT STIMULATES AWARENESS, DEVELOPS COMPETENCY, ENCOURAGES CREATIVITY, AND GENERATES HEALTHY DECISION-MAKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SEMINARS, WORKSHOPS AND CLASSES FOR ADULTS, CHILDREN, AND THE ELDERLY, PROVIDING INSTRUCTORS AND DIRECTION FOR OVER 2800 STUDENTS/CLIENTS; MEMBER AND COMMUNITY REFERRALS TO PSYCHOLOGICAL, FINANCIAL, AND EDUCATIONAL PROFESSIONALS; MAINTENANCE OF A 3000 VOLUME LIBRARY FOR USE BY MEMBERS; AND DIRECT ASSISTANCE TO ECONOMICALLY DISADVANTAGED INDIVIDUALS THROUGH CLASS TUITION ASSISTANCE, FREE PERSONAL AND VOCATIONAL COUNSELING, AND FOOD ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Hirschenberger Executive Di | Officer | 40 | $23,040 |
Marsha Hosfeld President | OfficerTrustee | 4 | $0 |
Kristin Kofoed Secretary | OfficerTrustee | 4 | $0 |
Nancy O'neill Treasurer | OfficerTrustee | 4 | $0 |
Catherine Forslund Director | Trustee | 4 | $0 |
Laura Gorton Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,408 |
| Fundraising events | $1,420 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,000 |
| Noncash contributions included in lines 1a–1f | $25,087 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,828 |
| Total Program Service Revenue | $147,291 |
| Investment income | $2,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,010 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,843 |
| 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. | $23,040 |
| Compensation of current officers, directors, key employees. | $6,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,230 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,045 |
| Advertising and promotion | $1,320 |
| Office expenses | $22,414 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,405 |
| Travel | $987 |
| 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 | $12,930 |
| Insurance | $5,497 |
| All other expenses | $4,397 |
| Total functional expenses | $339,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,828 |
| Savings and temporary cash investments | $0 |
| 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 | $3,144 |
| Net Land, buildings, and equipment | $268,265 |
| Investments—publicly traded securities | $104,918 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,274 |
| Total assets | $563,429 |
| Accounts payable and accrued expenses | $8,870 |
| 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 | $11,724 |
| Total liabilities | $20,594 |
| Net assets without donor restrictions | $387,944 |
| Net assets with donor restrictions | $154,891 |
| 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 | $563,429 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Womanspace Inc has recieved totaling $8,225.
| Awarding Organization | Amount |
|---|---|
The@macmillan Family Foundation Inc New York, NY PURPOSE: GENERAL PURPOSE | $7,500 |
David & Colleen Anderson Charitable Foundation Rockford, IL PURPOSE: PHILANTHROPY | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $225 |
Endowment Analysis
| Beg. Balance | $31,000 |
| Earnings | -$3,183 |
| Net Contributions | $61 |
| Ending Balance | $27,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Life Unlimited Inc North Kansas City, MO | $13,494,432 | $21,009,281 |
Survivor Empowerment Center Inc Carbondale, IL | $3,359,694 | $2,791,957 |
The Catherine Mcauley Center Inc Cedar Rapids, IA | $7,100,248 | $3,609,416 |
House Of The Good Shepherd Chicago, IL | $2,190,457 | $1,819,708 |
Young Womens Resource Center Des Moines, IA | $2,639,459 | $1,322,454 |
Corporation For Social And Educational Development Chicago, IL | $5,445,230 | $803,632 |
Church Women United Joliet, IL | $2,508,361 | $403,033 |
Stepping Stone Shelter For Women Incorporated Michigan City, IN | $1,360,778 | $560,477 |
Womanspace Inc Rockford, IL | $563,429 | $323,843 |
Elijah Haven Crisis Intervention Center Inc Lagrange, IN | $87,672 | $219,110 |
Women Aware Sioux City, IA | $162,940 | $166,686 |
Naperville Womans Club Naperville, IL | $197,755 | $0 |