Womens Energy Network Inc
- Assets
- $645.6k
- Revenue
- $445.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 10/2016
- Data as of
- 12/2023
- EIN
- 81-3720201
Organization Overview
Womens Energy Network Inc is located in Lexington, KY. The organization was established in 2016. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Energy Network Inc 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 Inc generated $445.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $450.0k during the year ending 12/2023. While expenses have increased by 9.7% per year over the past 7 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
DEVELOP PROGRAMS TO PROVIDE NETWORKING OPPORTUNITIES AND FOSTER CAREER AND LEADERSHIP DEVELOPMENT OF WOMEN WHO WORK IN THE ENERGY INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP: THE WOMEN'S ENERGY NETWORK, INC. WAS FORMED IN 2016 WITH THE PURPOSE OF FOSTERING THE GROWTH AND SUPPORT OF CHAPTERS THAT ADVANCE WOMEN IN THE ENERGY INDUSTRY BY DEVELOPING A STRONG NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Tettleton President | OfficerTrustee | 5 | $0 |
Kara Byrne Immed. Past Pres. | Trustee | 1 | $0 |
Maria Regina Eco Term 1023 Director | Trustee | 2 | $0 |
Sally Hallingstad Director | Trustee | 2 | $0 |
Kitrina Pople Treasurer | OfficerTrustee | 5 | $0 |
Kara Herrnstein Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amr Management Services Assoc Mgt Services | 12/30/22 | $297,948 |
Omni Forth Worth Hotel Event | 12/30/22 | $145,656 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,943 |
| Total Program Service Revenue | $334,244 |
| Investment income | $2,456 |
| 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 | $445,385 |
| 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. | $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 | $324,944 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,693 |
| Office expenses | $362 |
| Information technology | $47,752 |
| 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 | $12,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,203 |
| All other expenses | $0 |
| Total functional expenses | $449,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $555,218 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183 |
| 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 | $90,175 |
| 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 | $645,576 |
| Accounts payable and accrued expenses | $121,133 |
| Grants payable | $0 |
| Deferred revenue | $397,094 |
| 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 | $518,227 |
| Net assets without donor restrictions | $127,349 |
| 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 | $645,576 |