Foundation For The Womens Energy Network
- Assets
- $381.8k
- Revenue
- $244.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-4312920
Organization Overview
Foundation For The Womens Energy Network is located in Charleston, WV. The organization was established in 2017. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Womens Energy Network 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 12/2022, Foundation For The Womens Energy Network generated $244.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $112.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.5%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR THE WOMEN'S ENERGY NETWORK SEEKS TO ENHANCE AND EXPAND THE PHILANTHROPIC AND EDUCATIONAL ENDEAVORS OF WOMEN IN OR ENTERING THE ENERGY INDUSTRY, IN CONJUNCTION WITH THE WOMEN'S ENERGY NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO STUDENTS FOR CAREERS IN ENERGY THROUGH ITS PROGRAMS, HELPING TO FUEL THE INDUSTRY'S NEED FOR TOP TALENT IN THE FUTURE. THE FOUNDATION ALSO SPONSORS A TRAILBLAZER SCHOLARSHIP FOR A REMARKABLE YOUNG WOMAN ENTERING A CAREER IN ENERGY.
THE FOUNDATION OFFERS MEMBERSHIP GRANTS AND SUPPORT FOR WEN MEMBERS WHO HAVE LOST THEIR JOBS IN INDUSTRY DOWNTURNS OR TRANSITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Parker Director | Trustee | 2 | $0 |
Melinda Yee Treasurer | OfficerTrustee | 5 | $0 |
Emily Thomas Chair | OfficerTrustee | 5 | $0 |
Nene Gianfala Director | Trustee | 2 | $0 |
Erin Magee Secretary | OfficerTrustee | 5 | $0 |
Amy Roddy 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 | $233,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,835 |
| Total Program Service Revenue | $3,158 |
| 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 | $7,699 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,500 |
| Grants and other assistance to domestic individuals. | $78,949 |
| 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 | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $672 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $101 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $638 |
| All other expenses | $0 |
| Total functional expenses | $112,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,331 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,000 |
| 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 | $500 |
| 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 | $381,831 |
| Accounts payable and accrued expenses | $20,575 |
| 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 | $20,575 |
| Net assets without donor restrictions | $94,990 |
| Net assets with donor restrictions | $266,266 |
| 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 | $381,831 |