Women Of Tomorrow Mentor & Scholarship Program Detroit
- Assets
- $840.1k
- Revenue
- $191.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Troy, MI
- Founding
- 00/0000
- Data as of
- 07/2023
- EIN
- 80-0735541
Organization Overview
Women Of Tomorrow Mentor & Scholarship Program Detroit is located in Troy, MI. The organization was established in 0000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 07/2023, Women Of Tomorrow Mentor & Scholarship Program Detroit employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Women Of Tomorrow Mentor & Scholarship Program Detroit 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 & Scholarship Program Detroit generated $191.0k 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 (5.8%) each year. All expenses for the organization totaled $396.9k 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
TO INSPIRE, MOTIVATE AND EMPOWER AT-RISK YOUNG WOMEN TO LIVE UP TO THEIR FULL POTENTIAL THROUGH A UNIQUE MENTORING PROGRAM WITH HIGHLY ACCOMPLISHED PROFESSIONAL WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOMEN OF TOMORROW PAIRS EXTREMELY 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. 947 STUDENTS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Therease Peace Agboh Director | Trustee | 1 | $0 |
Laurie Cunnington Director | Trustee | 1 | $0 |
Julie Fox Director | Trustee | 1 | $0 |
William Kolb Director | Trustee | 1 | $0 |
Melissa Kozyra Director | Trustee | 1 | $0 |
Kate Macnevin Board Chair | OfficerTrustee | 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 | $91,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,570 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $99,473 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,043 |
| 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. | $90,935 |
| Compensation of current officers, directors, key employees. | $4,547 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,103 |
| Payroll taxes | $18,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,467 |
| Advertising and promotion | $6,053 |
| Office expenses | $3,282 |
| Information technology | $13,105 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,734 |
| 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 | $0 |
| All other expenses | $29,309 |
| Total functional expenses | $396,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $762,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $20,773 |
| Net Land, buildings, and equipment | $15,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,289 |
| Total assets | $840,118 |
| Accounts payable and accrued expenses | $22,832 |
| 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 | $88,673 |
| Total liabilities | $111,505 |
| Net assets without donor restrictions | $728,613 |
| 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 | $840,118 |