Federation Of Women Contractors
- Assets
- $328.9k
- Revenue
- $299.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 36-3901168
Organization Overview
Federation Of Women Contractors is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (S81) the organization is classified as: Womens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Women Contractors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Federation Of Women Contractors generated $299.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $284.1k during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 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 MISSION OF THE FEDERATION OF WOMEN CONTRACTORS IS TO ADVOCATE FOR WOMEN-OWNED BUSINESSES AND WOMEN EXECUTIVES IN THE CONSTRUCTION INDUSTRY. THE ASSOCIATION IS FULLY ENGAGED IN ECONOMIC DEVELOPMENT AND PUBLIC AFFAIRS TO ENSURE ITS MEMBERS ARE SUCCESSFUL ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. DILLIGENT LEGISLATIVE MONITORING AND LOBBYING ACTIVITIES AT THE LOCAL, STATE, AND NATIONAL LEVELS TO INTRODUCE AND ADVANCE LEGISLATION BENEFICIAL TO WOMEN OWNED ENTERPRISES.2. ONGOING COMMUNICATIONS WITH MAJOR CONTRACTORS TO DETERMINE OPPORTUNITIES FOR CONSTRUCTION PROJECTS FOR OUR MEMBERS WHICH IS PRIMARILY DONE BY INVITING THOSE PROMINENT CONTRACTORS TO MONTHLY MEETINGS AND NETWORKING AT ASSOCIATION EVENTS AND FUNCTIONS.3. MONTHLY MEETINGS TO SERVE AS NETWORKING OPPORTUNITIES AND ALLOWING OUR MEMBERS TO KEEP ABREAST OF CURRENT INDUSTRY DEVELOPMENTS AND JOB OPPORTUNITIES NOT AVAILABLE ELSEWHERE THROUGH NETWORKING WITH INDUSTRY LEADERS AND MAJOR CONTRACTORS WHO PRESENT THE CURRENT INDUSTRY ENVIRONMENT TO OUR MEMBERS.4. THE ASSOCIATION SUBSCRIBES TO SERVICES OFFERING BIDDING PROCESS TOOLS TO WHICH EACH MEMBER HAS ACCESS TO INCREASE THE PROBABILITY OF OBTAINING WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Gustafson President | OfficerTrustee | 10 | $0 |
Sara Knight Vice President | OfficerTrustee | 10 | $0 |
Christine Chung Secretary/treasurer | OfficerTrustee | 10 | $0 |
Kendra Dinkins Immediate Past President | Trustee | 1 | $0 |
Kathleen Canino Director | Trustee | 1 | $0 |
Kristin Evers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $173,600 |
| Fundraising events | $56,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,900 |
| Total Program Service Revenue | $24,405 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,215 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,901 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $183,000 |
| Fees for services: Legal | $24 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $47,307 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,606 |
| Information technology | $5,589 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,778 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,516 |
| All other expenses | $0 |
| Total functional expenses | $284,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,372 |
| Savings and temporary cash investments | $259,735 |
| 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 | $31,810 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $328,917 |
| Accounts payable and accrued expenses | $6,506 |
| Grants payable | $0 |
| Deferred revenue | $58,000 |
| 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 | $64,506 |
| Net assets without donor restrictions | $264,411 |
| Net assets with donor restrictions | $0 |
| 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 | $328,917 |