Womens Foundation Of Boston Inc
- Assets
- $12.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Boston, MA
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-5063201
Organization Overview
Womens Foundation Of Boston Inc is located in Boston, MA. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Womens Foundation Of Boston Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Foundation Of Boston 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 12/2023, Womens Foundation Of Boston Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Womens Foundation Of Boston Inc has awarded 84 individual grants totaling $4,320,038. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC ADVANCEMENT, LEADERSHIP AND FINANCIAL INDEPENDENCE OF WOMEN AND GIRLS IN THE GREATER BOSTON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WOMEN'S FOUNDATION OF BOSTON, INC. IS A NONPROFIT PUBLIC CHARITY THAT CREATES, FUNDS, AND ACCELERATES HIGH-IMPACT ECONOMIC AND LEADERSHIP PROGRAMS THAT EQUIP GREATER BOSTON WOMEN AND GIRLS TO BE FINANCIALLY INDEPENDENT AND SUCCESSFUL LEADERS. WFB IS BECOMING THE PRIMARY VEHICLE FOR INVESTING IN WOMEN AND GIRLS IN GREATER BOSTON AND IS BUILDING A FAST-GROWING NETWORK OF FEMALE NONPROFIT AND BUSINESS LEADERS.WFB AWARDS HIGH-IMPACT GRANTS TO NONPROFITS THAT ECONOMICALLY EMPOWER WOMEN AND GIRLS IN GREATER BOSTON. THE GRANTS TARGET NEW PROGRAMS OR NEW GROUPS SERVED BY THE EXPANSION OF EXISTING PROGRAMS AND HAVE A TRANSFORMATIVE EFFECT ON THE GRANTEE NONPROFITS AND THEIR BENEFICIARIES. GRANTS TYPICALLY RANGE FROM $10,000 TO $50,000 ANNUALLY FOR ONE TO FIVE YEARS. DURING THE YEAR ENDED DECEMBER 31, 2023, WFB AWARDED GRANTS TOTALING $1.25 MILLION TO 20 ORGANIZATIONS WHOSE MISSION ALIGN WITH WFB'S FOCUS AREAS.ECONOMIC EMPOWERMENT:WOMEN'S ECONOMIC EMPOWERMENT IS CRUCIAL TO COMMUNITY ECONOMIC LIFE, WITH FINANCIAL INDEPENDENCE FOR WOMEN AS AN ESSENTIAL FIRST STEP. THE WOMEN'S FOUNDATION OF BOSTON FUNDS PROGRAMS IN FINANCIAL LITERACY, SALARY NEGOTIATION, JOB TRAINING AND MORE.EDUCATION:THE WOMEN'S FOUNDATION OF BOSTON FUNDS EDUCATION AND ENRICHMENT INITIATIVES THAT INSPIRE AND EQUIP WOMEN AND GIRLS TO EXPAND THEIR EDUCATIONAL AND PROFESSIONAL OPPORTUNITIES, PARTICULARLY IN HIGHER-PAYING FIELDS LIKE STEM WHERE THEY ARE UNDERREPRESENTED.LEADERSHIP:LEADERSHIP DEVELOPMENT STARTS EARLY AND GROWS THROUGHOUT LIFE. WFB CREATES AND FUNDS PROGRAMS THAT BUILD CONFIDENCE AND CHARACTER, ENCOURAGE EXPLORATION, FORGE MENTORSHIPS AND NETWORKS, AND EXPAND OPPORTUNITIES AT ALL AGES. WFB CREATES AND OPERATES PROGRAMS WHICH PROMOTE FEMALE NONPROFIT LEADERSHIP IN GREATER BOSTON THROUGH ITS YOUNG WOMEN'S LEADERSHIP PROGRAM, AND WOMEN IN NONPROFIT NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Littlefield Chair | OfficerTrustee | 1 | $0 |
Geraldine Acuna-Sunshine Director | Trustee | 1 | $0 |
Greg Bialecki Director | Trustee | 1 | $0 |
Kim Boucher Director | Trustee | 1 | $0 |
Lori Britton Director | Trustee | 1 | $0 |
Ami Kuan Danoff Treasurer (til 9/23), CFO | OfficerTrustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,984,868 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,846,613 |
| Noncash contributions included in lines 1a–1f | $52,828 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,831,481 |
| Total Program Service Revenue | $0 |
| Investment income | $345,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $181,436 |
| Net Income from Fundraising Events | -$151,031 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,207,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,247,473 |
| 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 | $267,903 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,208 |
| Payroll taxes | $20,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $331 |
| Fees for services: Accounting | $16,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,417 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $23,504 |
| 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 | $8,041 |
| All other expenses | $0 |
| Total functional expenses | $1,713,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,693 |
| 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 | $14,475 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,659,142 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,893,310 |
| Accounts payable and accrued expenses | $17,301 |
| 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 | $22,301 |
| Net assets without donor restrictions | $11,107,666 |
| Net assets with donor restrictions | $1,763,343 |
| 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 | $12,893,310 |
Grants Awarded
Over the last fiscal year, Womens Foundation Of Boston Inc has awarded $1,247,473 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
MUJERES UNIDAS AVANZANDO (MUA) PURPOSE: PROGRAM SUPPORT | $40,000 |
WOMEN'S MONEY MATTERS PURPOSE: PROGRAM SUPPORT | $125,000 |
GIRLS ON THE RUN WORCESTER COUNTY INC PURPOSE: PROGRAM SUPPORT | $90,008 |
STRONG WOMEN STRONG GIRLS PURPOSE: PROGRAM SUPPORT | $125,000 |
GIRLS ON THE RUN GREATER BOSTON PURPOSE: PROGRAM SUPPORT | $95,000 |
DRESS FOR SUCCESS BOSTON PURPOSE: PROGRAM SUPPORT | $15,000 |