Fund For Women Artist Inc
- Assets
- $592.3k
- Revenue
- $27.0k
- Investments
- $30.2k
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 07/1995
- Data as of
- 06/2023
- EIN
- 04-3257661
Organization Overview
Fund For Women Artist Inc, operating under the name Womenarts, is located in Berkeley, CA. The organization was established in 1995. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womenarts 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 06/2023, Womenarts generated $27.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $37.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO INCREASE THE VISIBILITY AND OPPORTUNITIES FOR WOMEN ARTISTS. WE PROVIDE FREE INFORMATION AND ADVICE TO ARTISTS THROUGH OUR WEBSITE AND NEWSLETTERS, AND WE COLLABORATE WITH OTHER NON-PROFITS ON PROJECTS THAT SUPPORT THE WORK OF WOMEN ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONLINE RESOURCES: WOMENARTS PROVIDES A VARIETY OF FREE ONLINE SERVICES DESIGNED TO INCREASE THE OPPORTUNITIES & VISIBILITY OF WOMEN ARTISTS. OUR VOLUNTEERS MAINTAIN A WEBSITE WITH HUNDREDS OF PAGES OF EDUCATIONAL INFORMATION FOR WOMEN ARTISTS, ARTICLES ABOUT INSPIRING WOMEN ARTISTS AROUND THE WORLD, AND LINKS TO RESEARCH STUDIES AND FUNDING INFORMATION. WE COLLABORATE WITH THE WOMEN IN THE ARTS AND MEDIA COALITION IN NEW YORK TO PRODUCE MONTHLY NEWSLETTERS LISTING FUNDING DEADLINES AND OTHER OPPORTUNITIES FOR WOMEN ARTISTS IN THEATER, FILM AND VIDEO. WOMENARTS PROVIDED $10,000 TO WOMEN IN THE ARTS & MEDIA COALITION THIS YEAR TO SUPPORT THE FUNDING NEWSLETTERS.
COLLABORATIONS WITH OTHER NON-PROFITS: WE COLLABORATE WITH OTHER NON-PROFITS ON AN ANNUAL INTERNATIONAL CELEBRATION OF WOMEN ARTISTS IN ALL ART FORMS CALLED SUPPORT WOMEN ARTISTS NOW DAY OR SWAN DAY FOR SHORT, WHICH TAKES PLACE DURING MARCH (WOMEN'S HISTORY MONTH). DURING 2022-23 WE PROVIDED FUNDS WE HAD RAISED TO 4 NON-PROFIT WOMEN-LED ARTS GROUPS THAT ORGANIZED SWAN EVENTS. WE ALSO COLLABORATED WITH WAM THEATRE, A 501 (C ) (C ) NON-PROFIT IN LENOX, MA, WHICH IS DEDICATED TO PRESENTING WORKS WRITTEN AND DIRECTED BY WOMEN.
ARTIST PROJECTS - WE ARE COLLABORATING WITH WHITE SNAKE PROJECTS IN BOSTON TO DEVELOP AND PRODUCE A NEW OPERA BY MARY D. WATKINS ABOUT CIVIL RIGHTS ACTIVIST, FANNIE LOU HAMER. WOMENARTS HAD RAISED $18,621 FOR THIS PROJECT IN PREVIOUS YEARS WHICH WE WERE HOLDING AS RESTRICTED FUNDS. WE TRANSFERRED THE RESTRICTED FUNDS WE WERE HOLDING FOR THIS OPERA TO WHITE SNAKE PROJECTS DURING 2022-23 TO USE TOWARDS ITS WORKSHOP OF THE OPERA IN FEBRUARY 2024 AND THE FULLY-STAGED PRODUCTION IN SEPTEMBER 2024. THIS TRANSFER OF RESTRICTED FUNDS IS REFLECTED IN OUR RECONCILIATION OF NET ASSETS, PART XI, LINE 9.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Richards President & Director | OfficerTrustee | 15 | $0 |
Barbara Schaffer Bacon Secretary & Director | OfficerTrustee | 1 | $0 |
Christine Young Treasurer & Director | OfficerTrustee | 1 | $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 | $1,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,295 |
| Total Program Service Revenue | $0 |
| Investment income | $25,703 |
| 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 | $26,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,116 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,700 |
| 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 | $109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,985 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51 |
| Office expenses | $732 |
| Information technology | $4,620 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,065 |
| 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 | $1,390 |
| All other expenses | $0 |
| Total functional expenses | $37,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,783 |
| 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 | $713 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $473,615 |
| Investments—other securities | $30,218 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $592,329 |
| Accounts payable and accrued expenses | $120 |
| 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 | $120 |
| Net assets without donor restrictions | $88,375 |
| Net assets with donor restrictions | $503,834 |
| 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 | $592,329 |
Grants Awarded
Over the last fiscal year, Fund For Women Artist Inc has awarded $21,030 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN IN THE ARTS AND MEDIA COALITION PURPOSE: To support monthly newsletters and web pages listing upcoming funding deadlines and other opportunities for women in theatre and film/video ($10,000) and to support the SWAN Day NY 2023 event celebrating women filmmakers ($1,030). | $11,030 |
WAM THEATRE PURPOSE: To support the leadership efforts of this theatre company dedicated to women artists. | $10,000 |