Michigan Council Of Women In Technology Foundation
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Southfield, MI
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 61-1465371
Organization Overview
Michigan Council Of Women In Technology Foundation, operating under the name Mcwt, is located in Southfield, MI. The organization was established in 2004. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Mcwt employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcwt 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 12/2023, Mcwt generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 12.6% 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 MICHIGAN COUNCIL OF WOMEN IN TECHNOLOGY (MCWT) FOUNDATION'S MISSION IS TO INSPIRE AND GROW WOMEN IN TECHNOLOGY. OUR VISION IS TO MAKE MICHIGAN THE NO. 1 STATE FOR WOMEN IN TECHNOLOGY. THE FOUNDATION WAS ESTABLISHED TO ADDRESS THE CRITICAL ISSUE OF GENDER DISPARITY IN THE FIELD. KEY ORGANIZATIONAL ACTIVITIES TO INCREASE AND SUPPORT WOMEN IN IT INCLUDE PROGRAMMING, NETWORKING, LEARNING, MENTORING, AND EXPOSURE TO TECHNOLOGY ADVANCEMENTS FOR FEMALE PROFESSIONALS AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICHIGAN COUNCIL OF WOMEN IN TECHNOLGY (MCWT) UNIVERSITY: MCWT UNIVERSITY PROGRAMS GUIDE, RETAIN, AND SUPPORT YOUNG WOMEN WITH AN INTEREST, APTITUDE, AND POTENTIAL FOR A SUCCESSFUL CAREER IN TECHNOLOGY. PROGRAMS INCLUDE SCHOLARSHIPS, MENTORING AND INTERNSHIP SUPPORT FOR STUDENTS AS THEY PROGRESS ALONG THEIR EDUCATIONAL STUDIES AND BEGIN TO SEARCH FOR ON-THE-JOB EXPERIENCES. THESE PROGRAMS IMPACTED OVER 90 WOMEN ACROSS MICHIGAN IN 2023
K-12 SCHOOL PROGRAMS:K-12 PROGRAMS ARE DESIGNED TO CAPTURE THE INTEREST OF GIRLS ENTERING THEIR FORMATIVE EARLY YEARS. THESE SERVED APPROXIMATELY 900 GIRLS ACROSS MICHIGAN IN 2023. AMONG THESE PROGRAMS ARE VIRTUAL SUMMER LEARNING PROGRAM (WEEK-LONG ONLINE SUMMER TECHNOLOGY CAMP); GET-IT CLUBS (WEEKLY TECHNOLOGY CLUBS TO BUILD SKILLS AND CONFIDENCE); GIRLS SOLVE IT (A PROBLEM SOLVING TEAM COMPETITION IN WHICH GIRLS PROGRAM ROBOTS THROUGH SEVERAL INCREASINGLY COMPLEX MISSIONS); A WEBSITE DESIGN COMPETITION, CHALLENGING GIRLS TO CREATE REAL WEBSITES USING THE CODING SKILLS THEY HAVE DEVELOPED; FINANCIAL SUPPORT OF ALL-FEMALE ROBOTICS TEAMS ENTERING COMPETITIONS; AND GIRLS ROCK IT, ONE-DAY WORKSHOPS THAT ENABLE GIRL SCOUTS TO EXPLORE TECHNOLOGY WHILE EARNING BADGES.MCWT HIGH SCHOOL PROGRAMS BUILD ON THE INTEREST OF GIRLS WITH PROGRAMS TO ADVANCE THEIR INTEREST AND SKILL. AMONG THESE PROGRAMS ARE THE GET-IT CONNECTION SUMMIT (A SINGLE DAY EVENT TO EXPOSE THEM TO TECH CAREER AND STUDY OPTIONS, IN CONJUNCTION WITH THE UNIVERSITY OF MICHIGAN); GET-IT CLUBS (WEEKLY TECHNOLOGY CLUBS TO BUILD SKILLS AND INCREASE CONFIDENCE); FINANCIAL SUPPORT OF ALL FEMALE ROBOTICS TEAMS ENTERING COMPETITIONS; VIRTUAL SUMMER LEARNING PROGRAM (WEEK-LONG ONLINE SUMMER CAMP PROGRAM); AND A WEBSITE DESIGN COMPETITION, CHALLENGING GIRLS TO CREATE REAL WEBSITES USING THE CODING SKILLS THEY HAVE DEVELOPED. THESE PROGRAMS SERVED APPROXIMATELY 3,559 GIRLS ACROSS MICHIGAN IN 2023.
CAREERS AND LEADERSHIP:PROVIDES PROFESSIONAL DEVELOPMENT, MENTORING AND NETWORKING OPPORTUNITIES TO WOMEN IN TECH CAREERS THROUGH VARIOUS PROGRAMS SUCH AS OUR EXECUTIVE CONNECTION SUMMIT (ECS), CONNECTNET SESSIONS, LUNCH AND LEARN SESSIONS, AND MENTORING PROGRAMS WHERE WOMEN IN THEIR EARLY OR MID CAREERS ARE MATCHED WITH MORE SENIOR TECH LEADERS. THESE CAREER PROGRAMS IMPACTED OVER 2,100 PEOPLE IN 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Maiorano President | OfficerTrustee | 5 | $0 |
Grace Hansen Vice President | OfficerTrustee | 5 | $0 |
Paulette Ozga Secretary | OfficerTrustee | 5 | $0 |
Diane Jones Treasurer | OfficerTrustee | 5 | $0 |
Lara Lane Member At Large | Trustee | 5 | $0 |
Coleen Borgia Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,117 |
| Fundraising events | $574,640 |
| Related organizations | $0 |
| Government grants | $500,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,455 |
| Noncash contributions included in lines 1a–1f | $26,159 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,370,212 |
| Total Program Service Revenue | $414,060 |
| Investment income | $41,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,591 |
| Net Income from Fundraising Events | $32,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,862,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $181,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $243,204 |
| Compensation of current officers, directors, key employees. | $9,745 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $691,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,310 |
| Payroll taxes | $73,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,301 |
| Fees for services: Other | $0 |
| Advertising and promotion | $169 |
| Office expenses | $0 |
| Information technology | $44,251 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,863 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,126 |
| Insurance | $16,636 |
| All other expenses | $42,448 |
| Total functional expenses | $2,246,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,914 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $158,775 |
| 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 | $70,087 |
| Net Land, buildings, and equipment | $1,146 |
| Investments—publicly traded securities | $1,202,215 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,460 |
| Total assets | $1,677,597 |
| Accounts payable and accrued expenses | $163,599 |
| 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 | $163,599 |
| Net assets without donor restrictions | $1,037,224 |
| Net assets with donor restrictions | $476,774 |
| 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 | $1,677,597 |