Womens Energy Network Of Houston
- Assets
- $807.1k
- Revenue
- $272.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 03/1996
- Data as of
- 12/2023
- EIN
- 76-0458344
Organization Overview
Womens Energy Network Of Houston is located in Lexington, KY. The organization was established in 1996. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Energy Network Of Houston is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Womens Energy Network Of Houston generated $272.3k 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 (10.7%) each year. All expenses for the organization totaled $449.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. 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
TO ATTRACT MORE WOMEN INTO ENERGY THROUGH OUTREACH PROGRAMS THROUGH GROWTH IN CHAPTERS AND RELATED MEMBERSHIP. WE WILL RETAIN AND DEVELOP WOMEN IN ENERGY BY FOSTERING RELATIONSHIPS, DEVELOPING LEADERSHIP COMPETENCIES AND INDUSTRY INSIGHT THROUGH STRATEGIC PARTNERSHIPS WITH COMPANIES, EDUCATIONAL INSTITUTIONS, AND OTHER ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP: THE WOMEN'S ENERGY NETWORK OF HOUSTON WAS FOUNDED IN 1994 WITH THE PURPOSE OF FOSTERING THE DEVELOPMENT AND ADVANCEMENT OF WOMEN IN ENERGY BY DEVELOPING A STRONG NETWORK. AFTER YEARS OF BEING THE SOLE WOMAN INVOLVED IN ENERGY TRANSACTIONS, WOMEN'S ENERGY NETWORK'S FOUNDER BELIEVED THAT MANY WOMEN ENERGY PROFESSIONALS WERE IN THE SAME POSITION, BUT UNABLE TO CONNECT WITH EACH OTHER. YEARS LATER, THE WOMEN'S ENERGY NETWORK REMAINS COMMITTED TO PROVIDING HIGH CALIBER EVENTS AND NETWORKING TO ITS DIVERSE MEMBERSHIP FROM ACROSS THE ENERGY VALUE CHAIN.
EDUCATION AND NETWORKING - LUNCHEONS, SPECIAL EVENTS, WEBINARS: EACH MONTH WOMEN'S ENERGY NETWORK HOSTS LUNCHEONS FOR 80-150 MEMBERS AND GUESTS FEATURING EXCEPTIONAL LEADERS IN ENERGY OR OTHER RELEVANT BUSINESSES. GUESTS ARE ALSO WELCOME. WOMEN'S ENERGY NETWORK OFFERS GROWTH OPPORTUNITIES TO ITS MEMBERS THROUGH PARTICIPATION ON ITS BOARD OF DIRECTORS AND SPECIAL PROGRAMS. WOMEN'S ENERGY NETWORK IS BASED ON THE MODEL OF THE PREMIER WOMEN'S LEADERSHIP DEVELOPMENT PROGRAM, LEADERSHIP TEXAS, WHICH FOCUSES ON NETWORKING, EDUCATION, AND COMMUNITY. THIS INCLUDES ALL HOUSTON AREA LUNCHEONS ENERGY CORRIDOR, DOWNTOWN, AND NORTH SIDE, WEBINARS, AND SPECIAL EVENTS SUCH AS PARTNERSHIP EVENTS, WINE TASTING, NETWORKING EVENT, ETC.
YWE: WEN'S SIGNATURE PROGRAM, YOUNG WOMEN ENERGIZED, INTRODUCES HIGH SCHOOL GIRLS TO THE ENERGY INDUSTRY AND HOLDS AN ANNUAL EVENT FOR THEM TO ENGAGE WITH PROFESSIONAL WOMEN AND LEARN ABOUT VARIOUS CAREERS IN THE INDUSTRY. THIS PROGRAM WAS STARTED IN 2004. TECH TALKS: THIS PROGRAM WAS STARTED IN 2017. MARKET INDUSTRY UPDATES AND TRAINING ARE DISCUSSED WITH MEMBERS AFTER WORK. THIS ENSURES WOMEN ARE EDUCATED AND UPDATED ON CURRENT AND UPCOMING MARKET/INDUSTRY TRENDS, BETTER POSITIONING WOMEN WITHIN THEIR COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Taylor Immed Past Pres | OfficerTrustee | 2 | $0 |
Katie House President | OfficerTrustee | 5 | $0 |
Jessica Bertsch Director | Trustee | 2 | $0 |
Sarah Magruder Director | Trustee | 2 | $0 |
Lidiya Deane President-Elect | OfficerTrustee | 5 | $0 |
Laura Preng Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $256,136 |
| Investment income | $6,250 |
| 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 | $272,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,250 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,592 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,949 |
| Office expenses | $1,687 |
| Information technology | $0 |
| 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 | $272,546 |
| Interest | $0 |
| Payments to affiliates | $75,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $11,003 |
| Total functional expenses | $449,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $788,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,742 |
| 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 | $1,889 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $807,134 |
| Accounts payable and accrued expenses | $4,024 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $0 |
| Total liabilities | $9,024 |
| Net assets without donor restrictions | $798,110 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $807,134 |
Grants Awarded
Over the last fiscal year, Womens Energy Network Of Houston has awarded $43,427 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FDN FOR WOMENS ENERGY NET PURPOSE: Hurricane Harvey Relief | $20,000 |
WOMENS ENERGY NETWORK NATION PURPOSE: New Chapter Development | $23,427 |