Womens Fund Of Western Massachusetts
- Assets
- $3.7m
- Revenue
- $808.3k
- Investments
- $411.3k
- Employees
- 7
- Location
- Springfield, MA
- Founding
- 02/1997
- Data as of
- 06/2021
- EIN
- 04-3342411
Organization Overview
Womens Fund Of Western Massachusetts is located in Springfield, MA. The organization was established in 1997. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2021, Womens Fund Of Western Massachusetts employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Fund Of Western Massachusetts 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 06/2021, Womens Fund Of Western Massachusetts generated $808.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $839.5k during the year ending 06/2021. While expenses have increased by 6.6% per year over the past 6 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.
Since 2015, Womens Fund Of Western Massachusetts has awarded 66 individual grants totaling $1,144,118. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WOMEN'S FUND PROVIDES GRANTS, TECHNICAL ASSISTANCE, CAPACITY BUILDING, AND COLLABORATION OPPORTUNITIES TO LOCAL NONPROFITS AND THE WOMEN AND GIRLS OF WESTERN MASS. THE WOMEN'S FUND COMMISSIONS THE LATEST RESEARCH, LEVERAGES OUR CONVENING POWER, AND OUR KNOWLEDGE OF LOCAL AND NATIONAL EFFORTS TOWARD GENDER EQUITY AND EMPOWERMENT TO INVEST IN THE COMMUNITY AND ADVANCE WOMEN AND GIRLS. OUR WORK FOCUSES ON IMPROVING ECONOMIC SECURITY FOR WOMEN AN D GIRLS; GIVING WOMEN AND GIRLS THE CONFIDENCE TO TAKE ON POSITIONS OF POWER AND LEADERSHIP; AND PROMOTING SAFETY AND FREEDOM FROM GENDER-BASED SEXUAL VIOLENCE, TOXIC RELATIONSHIPS, AND POWER DYNAMICS. WE DO ALL THIS BY NURTURING A THRIVING, DIVERSE AND INCLUSIVE WOMEN-AND GIRL-SERVING COMMUNITY TO BETTER ADVANCE GENDER AND RACIAL EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES INCLUDE: GRANTMAKING THE ORGANIZATION STRIVES TO CREATE A CLIMATE OF ECONOMIC EMPOWERMENT AND DOES SO BY MAKING GRANTS TO WOMEN AND GIRL-SERVING ORGANIZATIONS IN THE FOUR COUNTIES OF WESTERN MASSACHUSETTS. YOUNG WOMEN'S INITIATIVE THIS IS A SOCIAL JUSTICE AND LEADERSHIP PROGRAM FOR YOUNG WOMEN FROM SPRINGFIELD IN WHICH PARTICIPANTS, AGED 16-24, IDENTIFY BARRIERS TO THEIR OWN SUCCESS, EXPLORES SOLUTIONS, AND MAKE RECOMMENDATIONS FOR CHANGE IN THEIR COMMUNITY THROUGH MOVEMENT BUILDING AND PHILANTHROPY. ECONOMIC SECURITY HUB A FORMAL COLLABORATION FOCUSED ON MARGINALIZED AND ECONOMICALLY DISADVANTAGED WOMEN TO BETTER UNDERSTAND AND ADDRESS ALL THE RELATED AND INTERCONNECTED DETERMINANTS THAT CREATE OBSTACLES TO ECONOMIC SECURITY.
THE ORGANIZATION'S THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES INCLUDE: GRANTMAKING THE ORGANIZATION STRIVES TO CREATE A CLIMATE OF ECONOMIC EMPOWERMENT AND DOES SO BY MAKING GRANTS TO WOMEN AND GIRL-SERVING ORGANIZATIONS IN THE FOUR COUNTIES OF WESTERN MASSACHUSETTS. YOUNG WOMEN'S INITIATIVE THIS IS A SOCIAL JUSTICE AND LEADERSHIP PROGRAM FOR YOUNG WOMEN FROM SPRINGFIELD IN WHICH PARTICIPANTS, AGED 16-24, IDENTIFY BARRIERS TO THEIR OWN SUCCESS, EXPLORES SOLUTIONS, AND MAKE RECOMMENDATIONS FOR CHANGE IN THEIR COMMUNITY THROUGH MOVEMENT BUILDING AND PHILANTHROPY. ECONOMIC SECURITY HUB A FORMAL COLLABORATION FOCUSED ON MARGINALIZED AND ECONOMICALLY DISADVANTAGED WOMEN TO BETTER UNDERSTAND AND ADDRESS ALL THE RELATED AND INTERCONNECTED DETERMINANTS THAT CREATE OBSTACLES TO ECONOMIC SECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Haghighat CEO | Officer | 40 | $120,282 |
Luzed Guzman Vice President | OfficerTrustee | 0 | $0 |
Leigh Rae Co-President | OfficerTrustee | 0 | $0 |
Lisa Ranghelli Co-President | OfficerTrustee | 0 | $0 |
Pia Kumar Clerk | OfficerTrustee | 0 | $0 |
Fung Chow Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $485,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,135 |
| Total Program Service Revenue | $0 |
| Investment income | $18,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $207,918 |
| Net Income from Fundraising Events | $14,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $808,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $307,043 |
| 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. | $125,529 |
| Compensation of current officers, directors, key employees. | $23,851 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,769 |
| Pension plan accruals and contributions | $6,554 |
| Other employee benefits | $11,439 |
| Payroll taxes | $30,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,312 |
| Advertising and promotion | $0 |
| Office expenses | $9,404 |
| Information technology | $14,780 |
| Royalties | $0 |
| Occupancy | $27,686 |
| Travel | $213 |
| 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 | $1,960 |
| Insurance | $3,062 |
| All other expenses | $0 |
| Total functional expenses | $839,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $480,756 |
| Pledges and grants receivable | $219,738 |
| 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 | $6,500 |
| Net Land, buildings, and equipment | $982 |
| Investments—publicly traded securities | $2,524,329 |
| Investments—other securities | $411,336 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,741 |
| Total assets | $3,662,382 |
| Accounts payable and accrued expenses | $174,255 |
| 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 | $174,255 |
| Net assets without donor restrictions | $2,155,559 |
| Net assets with donor restrictions | $1,332,568 |
| 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 | $3,662,382 |
Grants Awarded
Over the last fiscal year, Womens Fund Of Western Massachusetts has awarded $434,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
Northampton, MA PURPOSE: GRANT | $20,000 |
Northampton, MA PURPOSE: GRANT | $20,000 |
Holyoke, MA PURPOSE: GRANT | $16,000 |
Holyoke, MA PURPOSE: GRANT | $16,000 |
Greenfield, MA PURPOSE: GRANT | $15,000 |
Pittsfield, MA PURPOSE: GRANT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Womens Fund Of Western Massachusetts has recieved totaling $517,373.
| Awarding Organization | Amount |
|---|---|
Massmutual Foundation Inc Springfield, MA PURPOSE: EXEMPT PURPOSE | $200,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $114,863 |
Massmutual Foundation Inc Springfield, MA PURPOSE: EXEMPT PURPOSE | $100,000 |
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: HUMAN SERVICES | $53,790 |
Ms Foundation For Women Inc Brooklyn, NY PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $2,135,848 |
| Earnings | $612,103 |
| Other Expense | -$223,622 |
| Ending Balance | $2,971,573 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Finance Inc Boston, MA | $95,994,128 | $81,693,226 |
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |
Malchus Foundation Brooklyn, NY | $24,956,883 | $30,497,983 |
The Disability Fund Inc Rockville Centre, NY | $63,283,408 | $4,939,746 |
Barrier Free Living Holding Inc Bronx, NY | $3,190,190 | $5,409,124 |
The Viscardi Center Inc Albertson, NY | $40,315,327 | $5,189,611 |