Women Of Tomorrow Mentor And Scholarship Program Inc
- Assets
- $5.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Miami, FL
- Founding
- 12/2013
- Data as of
- 07/2023
- EIN
- 65-0862995
Organization Overview
Women Of Tomorrow Mentor And Scholarship Program Inc is located in Miami, FL. The organization was established in 2013. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. As of 07/2023, Women Of Tomorrow Mentor And Scholarship Program Inc employed 17 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Women Of Tomorrow Mentor And Scholarship Program 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 07/2023, Women Of Tomorrow Mentor And Scholarship Program Inc generated $1.7m 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 (5.5%) each year. All expenses for the organization totaled $1.5m during the year ending 07/2023. 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
WOMEN OF TOMORROW IS ABOUT WOMEN HELPING WOMEN AND IN AN INITIAL STUDY SHOWED A STATISTICALLY SIGNIFICANT IMPROVEMENT IN THE SELFT-ESTEEM OF THE YOUNG GIRLS PARTICIPATING. RESEARCH SHOW THAT WOMEN OF TOMORROW MENTEES HAVE INCREASED SELF-ESTEEM, A 92% HIGH SCHOOL GRADUATION RATE, AND INCREASED ACADEMIC PERFORMANCE (GPA) EACH YEAR THEY ARE IN THE PROGRAM, TO A STATISTICALLY SIGNIFICANT DEGREE. MENTEES HAVE A 95% GRADUATE RATE. WOMEN OF TOMORROW CURRENTLY MENTORS 2,542 AT-RISK YOUNG WOMEN IN 116 PUBLIC HIGH SCHOOLS WITH 42 CITIES IN BROWARD, MIAMI-DADE AND PALM BEACH COUNTY WITH ITS NETWORK OF APPROXIMATELY 350 MENTORS. WOMEN OF TOMORROW HAS AWARDED OVER 3.7 MILLION IN SCHOLARSHIPS TO 1,413 MENTEES. 2,542 INDIVIDUALS WERE SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOMEN OF TOMORROW PAIRS EXTEMELY ACCOMPLISHED PROFESSIONAL WOMEN WITH SMALL GROUPS OF AT RISK TEENAGE GIRLS IN PUBLIC SCHOOLS FOR A 3 TO 4 YEAR MENTORING PROGRAM. WOMEN OF TOMORROW MENTORS EXPOSE YOUNG WOMEN TO THE POSSIBILITIES OUT THERE FOR THEM, AS WELL AS WALKING THEM THROUGH A VARIETY OF LEARNING EXPERIENCES THAT WILL ENRICH THEIR LIVES AND THEIR EDUCATIONAL EXPERIENCE. 2,854 STUDENTS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty George Former CFO | 40 | $104,754 | |
Don Browne Vice Preside | OfficerTrustee | 1 | $0 |
Jamie Byington Treasurer | OfficerTrustee | 1 | $0 |
The Honorable Katherine Fernand Co. V. Pres. | OfficerTrustee | 1 | $0 |
Jason Jenkins Director | Trustee | 1 | $0 |
Robbin Newman Director | Trustee | 4 | $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 | $603,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,257 |
| Total Program Service Revenue | $0 |
| Investment income | $38,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,790 |
| Net Income from Fundraising Events | $1,029,877 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,670,241 |
| 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. | $174,774 |
| Compensation of current officers, directors, key employees. | $5,739 |
| Compensation to disqualified persons | $104,754 |
| Other salaries and wages | $291,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,116 |
| Payroll taxes | $46,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,109 |
| Fees for services: Accounting | $44,620 |
| Fees for services: Lobbying | $38,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,419 |
| Office expenses | $19,240 |
| Information technology | $75,267 |
| Royalties | $0 |
| Occupancy | $72,436 |
| Travel | $47,148 |
| 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 | $86,140 |
| Insurance | $0 |
| All other expenses | $131,066 |
| Total functional expenses | $1,482,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,805,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $334,275 |
| 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 | $434,703 |
| Net Land, buildings, and equipment | $138,700 |
| Investments—publicly traded securities | $1,597,087 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,155 |
| Total assets | $5,375,743 |
| Accounts payable and accrued expenses | $87,470 |
| Grants payable | $0 |
| Deferred revenue | $38,333 |
| 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 | $102,831 |
| Total liabilities | $228,634 |
| Net assets without donor restrictions | $3,052,571 |
| Net assets with donor restrictions | $2,094,538 |
| 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 | $5,375,743 |