Womens World Banking Inc
- Assets
- $44.7m
- Revenue
- $23.6m
- Investments
- $1.6m
- Employees
- 105
- Location
- New York, NY
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 82-2828138
Organization Overview
Womens World Banking Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Womens World Banking Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens World Banking 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 World Banking Inc generated $23.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $20.3m during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 5 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
THE MISSION OF WOMEN'S WORLD BANKING IS TO EXPAND THE ECONOMIC ASSETS, SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOMEN'S WORLD BANKING'S PROGRAMS HOLDS THE ORGANIZATION'S PRIMARY PROGRAMMATIC ACTIVITIES. WITHIN WWB'S PROGRAMMING, THE ORGANIZATION HAS THREE PRIMARY FOCUS AREAS:(A) DEVELOP MARKET DRIVEN FINANCIAL SOLUTIONS: LEVERAGING RIGOROUS RESEARCH AND INTELLIGENCE IN KEY MARKETS, THE ORGANIZATION IDENTIFIES BARRIERS TO WOMEN'S FINANCIAL INCLUSION. THE ORGANIZATION THEN WORKS WITH CRITICAL PARTNERS WITHIN PRIORITY MARKETS (INCLUDING POLICYMAKERS, REGULATORS, AND FINANCIAL SERVICE PROVIDERS) TO OVERCOME THESE BARRIERS BY DEVELOPING POLICY STRATEGIES AND COMMERCIALLY-VIABLE SOLUTIONS TO HELP BRING FINANCIAL SERVICES TO UNDERBANKED WOMEN. SEE SCHEDULE O
WWB ASSET MANAGEMENT LLC MANAGES PRIVATE EQUITY INVESTMENTS IN HIGH PERFORMING, WOMEN FOCUSED FINANCIAL INSTITUTIONS WORLDWIDE AND WORKS TO ACHIEVE OBJECTIVES OF DEMONSTRATING THE INVESTMENT CASE FOR CONSCIENTIOUS, WOMEN FOCUSED FINANCIAL INSTITUTIONS WHILE ALSO ACHIEVING POSITIVE ECONOMIC RETURNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ineke Bussemaker Director | Trustee | 5 | $0 |
Emer Dooley Director | Trustee | 5 | $0 |
Martin Ihrig Director | Trustee | 5 | $0 |
Muna Sukhtian Director | Trustee | 5 | $0 |
Janet Truncale Board Chair | OfficerTrustee | 5 | $0 |
Michael Useem Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Porter Novelli Inc Public Relations Consultant | 12/30/23 | $295,212 |
Oxford Said Business School Ltd Facilitator Of Leadership And Diversity | 12/30/23 | $210,960 |
The Avalon Consulting Group Inc Professional Fundraiser | 12/30/23 | $201,040 |
Multicultural Insights Ltd Research Consultant | 12/30/23 | $131,000 |
Klm Advisory Llc Interim Marketing & Comm. Director | 12/30/23 | $123,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,391,623 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,768,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,160,038 |
| Total Program Service Revenue | $2,801,869 |
| Investment income | $563,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,427 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,644,561 |
| 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 | $194,441 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,148,150 |
| Compensation of current officers, directors, key employees. | $418,614 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,885,539 |
| Pension plan accruals and contributions | $314,782 |
| Other employee benefits | $1,059,782 |
| Payroll taxes | $682,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,025 |
| Fees for services: Accounting | $205,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $197,138 |
| Fees for services: Investment Management | $88,201 |
| Fees for services: Other | $3,521,311 |
| Advertising and promotion | $0 |
| Office expenses | $242,774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $494,664 |
| Travel | $1,101,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $335,888 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,428 |
| Insurance | $97,040 |
| All other expenses | $0 |
| Total functional expenses | $20,335,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,996,879 |
| Savings and temporary cash investments | $18,417,497 |
| Pledges and grants receivable | $389,107 |
| Accounts receivable, net | $136,075 |
| 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 | $441,097 |
| Net Land, buildings, and equipment | $206,278 |
| Investments—publicly traded securities | $18,678,497 |
| Investments—other securities | $1,606,385 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,812,775 |
| Total assets | $44,684,590 |
| Accounts payable and accrued expenses | $901,337 |
| Grants payable | $0 |
| Deferred revenue | $102,289 |
| 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 | $3,538,160 |
| Total liabilities | $4,541,786 |
| Net assets without donor restrictions | $9,771,142 |
| Net assets with donor restrictions | $30,371,662 |
| 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 | $44,684,590 |