Girls Who Invest Inc
- Assets
- $10.4m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 01/2016
- Data as of
- 09/2021
- EIN
- 47-3894644
Organization Overview
Girls Who Invest Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 09/2020, Girls Who Invest Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Girls Who Invest 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 09/2021, Girls Who Invest Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 58.9% each year . All expenses for the organization totaled $3.2m during the year ending 09/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER INTENSIVE PROGRAM: SUMMER INTENSIVE PROGRAM IS AN INTENSIVE 4 WEEK ACADEMIC TRAINING PROGRAM THAT PROVIDE CORE FINANCE AND INVESTMENT CONCEPTS TAUGHT BY LEADING EDUCATIONAL PARTNERS. UPON COMPLETION OF THE ACADEMIC TRAINING, SCHOLARS RECEIVE A 6 WEEK PAID INTERNSHIP AT A LEADING ASSET MANAGEMENT FIRM.
ONLINE INTENSIVE PROGRAM: ONLINE INTENSIVE PROGRAM IS A TUITION-FREE SELF GUIDED LEARNING EXPERIENCE THAT PROVIDES COLLEGE SOPHOMORES A SOLID FOUNDATION IN CORE FINANCE AND INVESTMENT CONCEPTS TAUGHT BY LEADING EDUCATIONAL PARTNERS.
ALUMNI RELATIONS: ALUMNI RECEIVE DEVELOPMENT, TRAINING, AND SUPPORT AND CAREER GUIDANCE THROUGH A COMMUNITY OF PARTNERS, MENTORS AND OTHER ALUMNI.
SUMMER INTENSIVE PROGRAM: SUMMER INTENSIVE PROGRAM IS AN INTENSIVE 4 WEEK ACADEMIC TRAINING PROGRAM THAT PROVIDES CORE FINANCE AND INVESTMENT CONCEPTS TAUGHT BY LEADING EDUCATIONAL PARTNERS. UPON COMPLETION OF THE ACADEMIC TRAINING, SCHOLARS RECEIVE A 7 WEEK PAID INTERNSHIP AT A LEADING ASSET MANAGEMENT FIRM.
ONLINE INTENSIVE PROGRAM (OIP): IS A TUITION-FREE, SELF-GUIDED LEARNING EXPERIENCE THAT GIVES STUDENTS A SOLID FOUNDATION IN CORE FINANCE AND INVESTMENT CONCEPTS AT THEIR OWN PACE. SELF-STARTERS ARE EXPECTED TO COMPLETE THREE ONLINE MODULES FROM OUR LEADING EDUCATIONAL PARTNERS*: CFA INSTITUTE, WALL STREET PREP AND WHARTON ONLINE.
ALUMNI CAREER INSTITUTE: BEYOND THE SUMMER INTENSIVE AND ONLINE INTENSIVE PROGRAM, GWI PROVIDES OPPORTUNITIES FOR ONGOING PROFESSIONAL DEVELOPMENT, TRAINING, AND COMMUNITY-BUILDING FOR OUR ALUMNI COMMUNITY. THE ALUMNI CAREER INSTITUTE IS SUPPORTED BY THREE PILLARS, CAREER PLACEMENT AND ADVISORY, CAREER PREPARATION, AND CAREER COMMUNITY AND CONNECTION. THESE PILLARS ARE ANCHORED IN PROVIDING EDUCATION, ACCESS, COMMUNITY, AND CONNECTION FOR WOMEN ENTERING THE INVESTMENT MANAGEMENT INDUSTRY AND AIM TO KEEP ALUMNI ENGAGED AND RETAINED IN THE INDUSTRY, HELPING GWI GET CLOSER TO OUR VISION OF HAVING 30% OF THE WORLD'S INVESTABLE CAPITAL MANAGED BY WOMEN BY 2030.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Therrien Chief Operating Officer | Officer | 40 | $184,098 |
Janet Cowell Former Chief Executive Officer | Officer | 40 | $141,986 |
Crindell Humphreys Director Of Career Development | 40 | $106,435 | |
Katherine Colsher Chief Executive Officer | OfficerTrustee | 40 | $19,650 |
Bal Das Director | Trustee | 1 | $0 |
Erin Bellissimo Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burcu Esmer Professor/lecturer | 9/29/21 | $145,840 |
Wall Street Prep Online Instruction | 9/29/21 | $206,250 |
Sandler Search Associates Executive Recruiting | 9/29/21 | $103,500 |
Water And Wall Group Public Relations/communications | 9/29/21 | $118,506 |
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 | $4,928,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,928,495 |
| Total Program Service Revenue | $0 |
| Investment income | $58,300 |
| 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 | $4,986,795 |
| 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. | $851,627 |
| Compensation of current officers, directors, key employees. | $151,921 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $341,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,377 |
| Payroll taxes | $77,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,580 |
| Fees for services: Accounting | $90,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,169 |
| Advertising and promotion | $265,412 |
| Office expenses | $10,902 |
| Information technology | $76,718 |
| Royalties | $0 |
| Occupancy | $45,748 |
| Travel | $34,370 |
| 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 | $14,791 |
| All other expenses | $6,513 |
| Total functional expenses | $3,236,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,653 |
| Savings and temporary cash investments | $7,982,746 |
| Pledges and grants receivable | $1,867,371 |
| 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 | $93,787 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $10,361,057 |
| Accounts payable and accrued expenses | $359,766 |
| Grants payable | $0 |
| Deferred revenue | $598,674 |
| 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 | $958,440 |
| Net assets without donor restrictions | $8,152,617 |
| Net assets with donor restrictions | $1,250,000 |
| 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 | $10,361,057 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Girls Who Invest Inc has recieved totaling $112,834.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $67,334 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO HELP INCREASE THE NUMBER OF WOMEN IN THE ASSET MANAGEMENT INDUSTRY AND IN LEADERSHIP POSITIONS THROUGH COMPREHENSIVE EDUCATION, MENTORING, SUPPORT AND INTERNSHIPS | $25,000 |
Jenny Johnson Family Foundation Inc Palm Beach, FL PURPOSE: GENERAL BUDGET | $10,000 |
100 Women In Finance Foundation New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Kaplan Rosenow Family Foundation Chicago, IL PURPOSE: DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Atlantic States Carpenters Training Fund Millbury, MA | $72,466,434 | $22,130,164 |
Building Service Thomas Shortman Training Scholarship And New York, NY | $24,265,152 | $18,661,986 |
New York District Council Crpntrs Apprntcshp Jrnymn Retraing Educa New York, NY | $32,423,989 | $13,554,381 |
Groundtruth Project Inc Boston, MA | $12,977,835 | $12,726,930 |
Northeast Carpenters Apprenticeship Fund Edison, NJ | $19,860,788 | $10,381,249 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Liuna Training And Education Fund Pomfret Center, CT | $19,387,955 | $9,381,853 |
Operating Engineers Local 825 Springfield, NJ | $22,861,458 | $9,545,959 |
Operating Engineers Local 825 Sub Fund Springfield, NJ | $82,702,164 | $12,313,269 |
Joint Apprenticeship And Training Trust Fund Local 103 Ibew Boston, MA | $13,179,581 | $8,861,151 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
National Automatic Sprinkler Industry Apprentice And Training New Milford, CT | $8,318,559 | $7,669,959 |