Washington Area Womens Foundation Inc
- Assets
- $958.3k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 09/1997
- Data as of
- 06/2023
- EIN
- 52-2028612
Organization Overview
Washington Area Womens Foundation Inc is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2023, Washington Area Womens Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Area Womens Foundation 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 06/2023, Washington Area Womens Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Washington Area Womens Foundation Inc has awarded 229 individual grants totaling $7,403,880. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE: WE INVEST IN THE POWER OF WOMEN AND GIRLS OF COLOR IN THE WASHINGTON, DC REGION. WE OPEN DOORS TO OPPORTUNITY THROUGH GRANTMAKING AND ADVOCACY. VIA OUR EFFORTS TO SUPPORT WOMEN AND GIRLS FROM BIRTH TO THE BOARDROOM, WE HAVE AWARDED MORE THAN $17 MILLION IN GRANTS TO OVER 225 COMMUNITY-BASED ORGANIZATIONS IN THE REGION. WE BELIEVE BY INCREASING RESOURCES TO, AND RECOGNIZING THE LEADERSHIP OF, WOMEN AND GIRLS, THEY WILL IGNITE NEEDED CHANGE.
EARLY CARE AND EDUCATION: THROUGH A FUNDERS COLLABORATIVE MODEL WE WORK TO INCREASE THE QUALITY AND CAPACITY OF AND ACCESS TO EARLY CARE AND EDUCATION IN THE WASHINGTON, DC REGION. THE COLLABORATIVE IS COMMITTED TO AND INVESTS IN PROJECTS THAT IMPROVE EARLY CHILDHOOD SYSTEMS AND INFRASTRUCTURE; ENSURE FAMILIES HAVE ACCESS TO EARLY EDUCATION PROGRAMS; AND HELP EARLY CHILDHOOD EDUCATORS TO EFFECTIVELY MEET THE NEEDS OF ALL CHILDREN.
YOUNG WOMEN'S INITIATIVE: WE AIM TO REDUCE SYSTEMIC AND INSTITUTIONAL BARRIERS TO SUCCESS AND ENHANCE OPPORTUNITIES FOR YOUNG WOMEN OF COLOR TO REACH THEIR FULL POTENTIAL. OUR STRATEGY IS TO CENTER THE EXPERIENCES AND VOICES OF YOUNG WOMEN AND GIRLS OF COLOR TO EFFECT POSITIVE AND LASTING CHANGE IN THEIR COMMUNITIES BY PUTTING YOUNG PEOPLE AT THE HELP OF ADVANCING SOLUTIONS TO THE PROBLEMS THEY ENCOUNTER IN THEIR LIVES AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Weinstein Co-Chair | OfficerTrustee | 5 | $0 |
C Lynn Mcnair Co-Chair | OfficerTrustee | 5 | $0 |
Timothy Abercombie Treasurer | OfficerTrustee | 4 | $0 |
Teresa Payne-Nunn Secretary | OfficerTrustee | 3 | $0 |
Joyce Brayboy Board Member | Trustee | 1 | $0 |
Sally D'amato Board Member | Trustee | 1 | $0 |
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 | $1,464,762 |
| Noncash contributions included in lines 1a–1f | $6,494 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,464,762 |
| Total Program Service Revenue | $0 |
| Investment income | $20,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,489,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $570,000 |
| 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. | $179,486 |
| Compensation of current officers, directors, key employees. | $37,669 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $490,648 |
| Pension plan accruals and contributions | $12,223 |
| Other employee benefits | $52,837 |
| Payroll taxes | $55,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,080 |
| Advertising and promotion | $0 |
| Office expenses | $17,316 |
| Information technology | $57,630 |
| Royalties | $0 |
| Occupancy | $663 |
| Travel | $1,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,635 |
| Insurance | $7,150 |
| All other expenses | $0 |
| Total functional expenses | $1,723,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,898 |
| Savings and temporary cash investments | $104,648 |
| Pledges and grants receivable | $557,690 |
| Accounts receivable, net | $460 |
| 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 | $9,277 |
| Net Land, buildings, and equipment | $9,415 |
| Investments—publicly traded securities | $200,934 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $958,322 |
| Accounts payable and accrued expenses | $83,113 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $25,950 |
| Total liabilities | $124,063 |
| Net assets without donor restrictions | $307,734 |
| Net assets with donor restrictions | $526,525 |
| 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 | $958,322 |
Grants Awarded
Over the last fiscal year, Washington Area Womens Foundation Inc has awarded $556,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK SWAN ACADEMY PURPOSE: SUPPORTING DC YOUNG WOMEN'S INITIATIVE | $126,000 |
MAMATOTO VILLAGE PURPOSE: MATERNAL HEALTH | $15,000 |
THE PERSON CENTER PURPOSE: SAFETY AND VIOLENCE PREVENTION | $15,000 |
COMMUNITY YOUTH ADVANCE PURPOSE: SUPPORTING YOUNG WOMEN'S INITIATIVE EXPANSION TO PRINCE GEORGE'S COUNTY | $40,000 |
DC FAMILY CHILD CARE ASSOCIATION PURPOSE: EARLY CHILDHOOD EDUCATION ADVOCACY AND PROFESSIONAL DEVELOPMENT | $25,000 |
DC FISCAL POLICY INSTITUTE PURPOSE: EARLY CHILDHOOD EDUCATION ADVOCACY AND PROFESSIONAL DEVELOPMENT | $30,000 |