Women Offshore Foundation
- Assets
- $253.2k
- Revenue
- $432.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 84-1937291
Organization Overview
Women Offshore Foundation is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Women Offshore Foundation 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, Women Offshore Foundation generated $432.7k in total revenue. All expenses for the organization totaled $393.0k during the year ending 12/2023. While expenses have increased by 61.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A MARITIME COMMUNITY IN WHICH ALL INDIVIDUALS ARE EMPOWERED TO PURSUE THEIR AMBITIONS.
Describe the Organization's Program Activity:
CAREER SUPPORT: OUR CAREER DEVELOPMENT PROGRAM TAKES APPLICANTS THROUGH A 1-MONTH PERSONAL DEVELOPMENT SERIES THAT ASKS TOUGH QUESTIONS TO DETERMINE SUITABILITY FOR AN EXCITING CAREER IN THE MARITIME OR OFFSHORE INDUSTRIES. ONCE ACCEPTED INTO THE PROGRAM, CANDIDATES BUILD A ROADMAP TO SUCCESS WITH OUR PROGRAM COORDINATOR. OUR US STATE ACADEMY TRAINING CRUISE SCHOLARSHIPS PROGRAM IS DESIGNED TO PROVIDE FUNDS TO WOMEN+ WHO ARE INTERESTED IN PURSUING A CAREER ON THE WATER. AN APPLICANT MUST BE A FULL-TIME STUDENT AT A US STATE MARITIME ACADEMY AND IN A LICENSED MAJOR PROGRAM.
CONFERENCE: EACH YEAR THROUGH OUR CONFERENCE PROGRAM, WOMEN OFFSHORE CHARTS A COURSE TOWARDS A FUTURE WHERE FEMALE SEAFARERS ARE REPRESENTATIVE OF THE POPULATION.
STUDENT DAY: IN COLLABORATION WITH SUNY MARITIME'S WOMEN ON THE WATER CLUB, THE WOMEN OFFSHORE FOUNDATION HOSTED A 1-DAY CONFERENCE FOR CADETS AND STUDENTS. THE EVENT WAS HELD AT SUNY MARITIME'S MARITIME ACADEMIC CENTER (MAC) WHERE ATTENDEES LEARNED FROM EXPERIENCED MARITIME PROFESSIONALS AND WERE ABLE TO SPEAK TO COMPANY REPRESENTATIVES ABOUT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison M Cedeno President | OfficerTrustee | 20 | $0 |
Laura Mcfalls Vice President | OfficerTrustee | 10 | $0 |
Martha Music Treasurer | OfficerTrustee | 10 | $10,455 |
Victoria Jones Secretary | OfficerTrustee | 1 | $0 |
Raina Barnes Director | Trustee | 3 | $0 |
Cathy Konwisarz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,597 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,804 |
| Noncash contributions included in lines 1a–1f | $28,377 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,401 |
| Total Program Service Revenue | $102,158 |
| Investment income | $7,565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,745 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $339 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,600 |
| Grants and other assistance to domestic individuals. | $94,967 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,623 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,770 |
| Compensation of current officers, directors, key employees. | $27,720 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,643 |
| Advertising and promotion | $21,967 |
| Office expenses | $20,760 |
| Information technology | $43,967 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $53,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,817 |
| All other expenses | $70,516 |
| Total functional expenses | $393,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,804 |
| Savings and temporary cash investments | $228,065 |
| 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 | $9,242 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,132 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $253,243 |
| Accounts payable and accrued expenses | $2 |
| Grants payable | $0 |
| Deferred revenue | $26,700 |
| 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 | $26,702 |
| Net assets without donor restrictions | $221,274 |
| Net assets with donor restrictions | $5,267 |
| 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 | $253,243 |