Mentoring Womens Network Foundation Inc
- Assets
- $123.5k
- Revenue
- $372.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Indianapolis, IN
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-2992450
Organization Overview
Mentoring Womens Network Foundation Inc, operating under the name Pass The Torch For Women Foundation, is located in Indianapolis, IN. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Pass The Torch For Women Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pass The Torch For Women Foundation 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 12/2021, Pass The Torch For Women Foundation generated $372.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $297.3k during the year ending 12/2021. While expenses have increased by 5.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PASS THE TORCH FOR WOMEN FOUNDATION IS A 501(C)(3) ORGANIZATION THAT CREATES A UNIQUE AND POWERFUL COMMUNITY GALVANIZED BY A SHARED BELIEF IN THE VALUE OF WOMEN'S LEADERSHIP. OUR APPROACH IN SUPPORTING WOMEN THROUGHOUT THEIR CAREER PATHWAYS WITH MENTORING RELATIONSHIPS, NETWORKING, AND LEADERSHIP TRAINING SETS US APART FROM OTHER ORGANIZATIONS. OUR MENTORING PROGRAM BELIEVES THAT ALL WOMEN SHOULD HAVE ACCESS TO PROFESSIONAL GROWTH. WE ARE A COMMUNITY THAT PASSES THE TORCH THROUGH MENTORING, CONNECTING, AND INVESTING IN WOMEN AT ALL STAGES OF THEIR CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASS THE TORCH FOR WOMEN FOUNDATION OFFERS SCHOLARSHIPS TO A NATIONWIDE MENTORING PROGRAM FOR FEMALE COLLEGE STUDENTS WHO PARTICIPATE IN THE PROJECT GROW PROGRAM. THE WOMEN RECEIVE STRATEGIC, PROFESSIONAL TRAINING, ALIGNED WITH UNIQUE NETWORKING OPPORTUNITIES, BUT MOST IMPORTANTLY, ACCESS TO EXECUTIVES DEDICATED TO MENTORING ON A ONE ON ONE BASIS. THE PARTICIPANTS RECEIVE COURSES ON LEADERSHIP, NEGOTIATION AND COMMUNICATION SKILLS, FINANCIAL EDUCATION, AND CONFIDENCE BUILDING, IN ADDITION TO CONNECTIONS WITH KEY DECISION MAKERS IN BUSINESS. THE OUTCOME IS THAT THE WOMEN SUCCESSFULLY TRANSITION FROM THE COLLEGE ENVIRONMENT INTO THE BUSINESS WORLD AND TO ULTIMATELY GROW WOMEN LEADERS. OUR FUNDRAISING EFFORTS ENABLE US TO FACILIATE OUR MENTORING PROGRAM FOR WOMEN, CREATE SCHOLARSHIP OPPORTUNITIES, AND CONTINUE TO EXPAND OUR RESOURCE OFFERINGS TO ACHIEVE OUR VISION OF A WORLD OF EQUALITY IN THE WORKPLACE. THE FOUNDATION PROVIDES MEMBERSHIP SCHOLARSHIPS FOR WOMEN WITH DEMONSTRATED NEED IN THE FOLLOWING CATEGORIES: SINGLE MOTHERS, WOMEN IN TRANSITION, FEMALE ENTREPRENEURS, AND COLLEGE STUDENTS. JOIN OUR FUNDRAISING TEAM HERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Fishburn Brd Chair, E | OfficerTrustee | 1 | $0 |
Akilah Darden Brd Vice Chr | OfficerTrustee | 0.5 | $0 |
Shamika Anderson Brd Sec, Exe | OfficerTrustee | 0.5 | $0 |
Anna O'nan Exec Com, Le | OfficerTrustee | 0.5 | $0 |
Allison Allen Brd Treas, E | OfficerTrustee | 1 | $0 |
Mary Beth Oakes Past Pres, E | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,975 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| 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 | $371,991 |
| 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 | $90,600 |
| Other salaries and wages | $82,068 |
| Pension plan accruals and contributions | $4,478 |
| Other employee benefits | $0 |
| Payroll taxes | $14,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,289 |
| Advertising and promotion | $408 |
| Office expenses | $1,745 |
| Information technology | $44,720 |
| Royalties | $0 |
| Occupancy | $6,218 |
| Travel | $398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,439 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $932 |
| Insurance | $2,269 |
| All other expenses | $933 |
| Total functional expenses | $297,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,337 |
| Savings and temporary cash investments | $49,973 |
| 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 | $1,332 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,815 |
| Total assets | $123,457 |
| 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 | $0 |
| 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 | $123,457 |
| Total liabilities and net assets/fund balances | $123,457 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mentoring Womens Network Foundation Inc has recieved totaling $51,500.
| Awarding Organization | Amount |
|---|---|
Strada Education Network Inc Indianapolis, IN PURPOSE: OPERATING GRANT | $25,500 |
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: Addressing and Rectifying Inequality for Women acr | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $800 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $200 |
Peer Organizations
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|---|---|---|
Indiana Members Credit Union Indianapolis, IN | $2,918,005,380 | $115,174,004 |
Goodwill Industries Of North Central Wisc Inc Menasha, WI | $88,771,633 | $81,283,932 |
Childrens Home & Aid Society Of Illinois Chicago, IL | $55,063,389 | $78,192,284 |
Lutheran Social Services Of Illinois Des Plaines, IL | $62,918,656 | $74,591,812 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Community Advocates Inc Milwaukee, WI | $18,692,383 | $54,333,478 |
Lutheran Social Services Of Wisconsin And Upper Michigan West Allis, WI | $89,212,422 | $59,977,625 |
Ada S Mckinley Community Services Inc Chicago, IL | $17,309,260 | $43,710,701 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
Christian Social Service Of Illinois Belleville, IL | $18,359,176 | $39,517,456 |
Lifeline Youth & Family Services Inc Fort Wayne, IN | $15,628,659 | $38,083,955 |
Chicago Commons Association Chicago, IL | $18,778,773 | $34,368,248 |