W I T Foundation Inc
- Assets
- $784.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 13-3929472
Organization Overview
W I T Foundation Inc is located in New York, NY. The organization was established in 1997. 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. As of 12/2022, W I T Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W I T Foundation 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 12/2022, W I T Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $817.3k during the year ending 12/2022. While expenses have increased by 17.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WIT FOUNDATION INC. IS A COLLABORATIVE COMMUNITY CHAMPIONING PROFESSIONAL GROWTH FOR WOMEN THROUGH LEADERSHIP, NETWORKING AND EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WIT FOUNDATION INC. IS A COLLABORATIVE COMMUNITY CHAMPIONING PROFESSIONAL GROWTH FOR WOMEN THROUGH LEADERSHIP, NETWORKING AND EDUCATIONAL OPPORTUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Kay Russell Executive Dir. | Officer | 40 | $85,320 |
Amy Thompson Director | Trustee | 1 | $0 |
Alita Friedman Secr/treasurer | OfficerTrustee | 5 | $0 |
Bisma Ansari Director | Trustee | 1 | $0 |
Angelina Castro Director | Trustee | 1 | $0 |
Stefanie Barone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $98,304 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $921,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,020,114 |
| Total Program Service Revenue | $27,934 |
| Investment income | $0 |
| 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 | $1,048,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,535 |
| Grants and other assistance to domestic individuals. | $27,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,320 |
| Compensation of current officers, directors, key employees. | $8,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,099 |
| Payroll taxes | $12,804 |
| Fees for services: Management | $12,000 |
| Fees for services: Legal | $399 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,824 |
| Advertising and promotion | $46,510 |
| Office expenses | $6,297 |
| Information technology | $54,318 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $56,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $723 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,233 |
| All other expenses | $15,781 |
| Total functional expenses | $817,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,652 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,500 |
| 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 | $38,223 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $784,375 |
| Accounts payable and accrued expenses | $30,455 |
| Grants payable | $0 |
| Deferred revenue | $53,948 |
| 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 | $84,403 |
| Net assets without donor restrictions | $699,972 |
| Net assets with donor restrictions | $0 |
| 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 | $784,375 |