Teamwomenmn
- Assets
- $309.7k
- Revenue
- $385.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Minneapolis, MN
- Founding
- 10/2013
- Data as of
- 12/2022
- EIN
- 46-0691731
Organization Overview
Teamwomenmn, operating under the name Teamwomen, is located in Minneapolis, MN. The organization was established in 2013. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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. Teamwomen 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 12/2022, Teamwomen generated $385.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $408.4k during the year ending 12/2022. While expenses have increased by 12.2% per year over the past 5 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
WE INSPIRE WOMEN AND GIRLS TO RISE TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT EVENTS. TEAMWOMEN HELD 40 EVENTS ATTENDED BY 2,300+ PROFESSIONAL WOMEN (AND A FEW MEN). OUR ONGOING NETWORKING EVENTS PROVIDE THE PERFECT PLATFORM FOR CONNECTING WOMEN ACROSS A WIDE VARIETY OF PROFESSIONS. PARTICIPANTS LEARN FROM GREAT SPEAKERS IN FIRST-CLASS VENUES AND MASTER HOW TO NETWORK EFFECTIVELY AND STRATEGICALLY. TEAMWOMEN HOLDS A WIDE VARIETY OF EVENTS THROUGHOUT THE YEAR TO DEVELOP LEADERSHIP SKILLS AND FOSTER NETWORKING IN THE COMMUNITY. OUR EVENTS INCLUDE MONTHLY NETWORKING BREAKFASTS, PROFESSIONAL DEVELOPMENT WORKSHOPS, CAREER AND WELLNESS PEER-TO-PEER CONNECT GROUPS, A WINE AND BOOK CLUB, AND MORE. DUE TO THE CONTINUED PANDEMIC, MOST EVENTS FOCUSED ON OFFERING STRATEGIES FOR MENTAL WELLNESS WHILE PROVIDING SUPPORT AND COMMUNITY FOR ALL NAVIGATING THE IMPACT OF BOTH COVID 19 AND CONTINUED INCIDENCES OF SOCIAL UNREST. WE HOST THREE FLAGSHIP EVENTS EACH YEAR. OUR LEADERSHIP CONFERENCE IS A FULL DAY OF INSPIRING, HOPEFUL STORIES FROM POWERFUL WOMEN WHO COME FROM A VARIETY OF PROFESSIONS, BACKGROUNDS, EDUCATIONS, AND EXPERIENCES. FOR THE THIRD YEAR, WE OFFERED THIS EVENT AS A HYBRID EVENT AND HAD OVER 500 REGISTERED ATTENDEES. OUR WAVEMAKER AWARDS IS PLANNED AND HOSTED BY OUR YOUNG PROFESSIONALS ADVISORY BOARD. THIS SPECIAL NIGHT RECOGNIZES WAVEMAKERS OR PIONEERS IN THEIR FIELD IN FIVE SEPARATE AWARD CATEGORIES: COMMUNITY IMPACT; WAVEMAKER; UNCHARTERED TERRITORY; OUTSTANDING MENTOR; AND LIFETIME ACHIEVEMENT. WE HAD OVER 180 ATTENDEES JOIN US FOR THIS IN PERSON EVENT. OUR EMPOWER RISING STARS GALA IS OUR FUNDRAISER TO SUPPORT OUR MISSION WORK. THIS EVENT DREW AN AUDIENCE OF OVER 150.
TEAMWOMEN HAS ALWAYS BELIEVED IN WOMEN SUPPORTING WOMEN. OUR PROGRAM IS RECOGNIZED FOR ITS EMPHASIS ON ONE-ON-ONE MENTORING AND STRATEGICALLY PAIRING PARTICIPANTS IN VARYING PROFESSIONS. BENEFITING BOTH THE MENTOR AND MENTEE, TEAMWOMENS MENTOR PROGRAM IS CROSS-GENERATIONAL AND MENTEE-DRIVEN. WE LAUNCH TWO 12 MONTH CO-HORTS A YEAR AND ALLOW ATTENDEES TO PARTICIPATE VIRTUALLY.
TEAMWOMEN PROVIDES LEADERSHIP OPPORTUNITIES FOR YOUNG GIRLS THROUGH OUR THIRD PILLAR, EMPOWER LEADERSHIP ACADEMY. OVER 230 YOUTH ATTENDED OUR EMPOWER LEADERSHIP ACADEMY PROGRAMS THAT HAD A SPECIAL FOCUS ON MENTAL WELLNESS AND RESILIENCE SKILLS TO HELP NAVIGATE THE TURBULENT TIMES CAUSED BY THE PANDEMIC. THROUGH OUR ACADEMIES AND LEADERSHIP SESSIONS, WE COACH 5TH-12TH GRADE GIRLS ON CONFIDENCE, RESILIENCE, MENTAL WELLNESS AND LEADERSHIP AND PROVIDE TOOLS AND SKILLS THEY NEED TO SUCCEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katy Burke Executive Di | OfficerTrustee | 40 | $139,600 |
Cecilia Stanton Adams Vice Chair | OfficerTrustee | 1 | $0 |
Laura Boyd Beise Director | Trustee | 1 | $0 |
Andrea Bolin Director | Trustee | 1 | $0 |
Jennifer Bonine Director | Trustee | 1 | $0 |
Alissa Henriksen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,015 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,223 |
| Noncash contributions included in lines 1a–1f | $3,815 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,238 |
| Total Program Service Revenue | $166,527 |
| Investment income | $6,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,737 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300 |
| 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. | $145,536 |
| Compensation of current officers, directors, key employees. | $36,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,764 |
| Advertising and promotion | $52,805 |
| Office expenses | $5,737 |
| Information technology | $40,092 |
| Royalties | $0 |
| Occupancy | $7,800 |
| Travel | $159 |
| 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 | $1,388 |
| All other expenses | $15,199 |
| Total functional expenses | $408,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,545 |
| Savings and temporary cash investments | $236,570 |
| Pledges and grants receivable | $6,750 |
| 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 | $16,818 |
| Total assets | $309,683 |
| Accounts payable and accrued expenses | $669 |
| Grants payable | $0 |
| Deferred revenue | $12,825 |
| 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 | $10,129 |
| Total liabilities | $23,623 |
| Net assets without donor restrictions | $281,190 |
| Net assets with donor restrictions | $4,870 |
| 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 | $309,683 |