Nywici Foundation Inc
- Assets
- $287.6k
- Revenue
- $491.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 12/2004
- Data as of
- 08/2021
- EIN
- 13-4111956
Organization Overview
Nywici Foundation Inc is located in Mclean, VA. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nywici 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 08/2021, Nywici Foundation Inc generated $491.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $510.2k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO SPONSOR PROGRAMS AND PROVIDE SCHOLARSHIPS THAT PROMOTE, ENCOURAGE,ASSIST AND SUPPORT RESEARCH AND STUDY IN THE FIELD OF COMMUNICATIONS. ALSO, TO EMPOWER WOMEN IN ALL COMMUNICATIONS DISCIPLINES TO REACH THEIR FULL POTENTIAL BY PROMOTING THEIR PROFESSIONAL GROWTH AND INSPIRING THEM TO ACHIEVE AND SHARE THEIR SUCCESSES IN THE RAPIDLY CHANGING WORLD OF COMMUNICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION TYPICALLY CONDUCTS THE ANNUAL MATRIX AWARDS EVENT. THIS IS AN EDUCATIONAL PROGRAM EVENT FOR CURRENT PROFESSIONAL WOMEN IN COMMUNICATIONS AND FOR FUTURE WOMEN WANTING TO BE IN THE COMMUNICATIONS CAREER FIELD.
OTHER MISCELLANEOUS PROGRAMMING INITIATIVES -- PROGRAM SERVICES THAT PROVIDES SOURCING SPEAKERS AND SECURING MEDIA OPPORTUNITIES.
SCHOLARSHIPS GRANTED TO STUDENTS STUDYING IN THE FIELD OF COMMUNICATIONS.
A STUDENT CONFERENCE IS TYPICALLY HELD ANNUALLY FOR PRESENT AND FUTURE COMMUNICATORS THAT BRINGS STUDENTS STUDYING IN THE FIELD OF COMMUNICATIONS TOGETHER WITH TOP EXECUTIVES FROM NEW YORK METROPOLITAN AREA COMPANIES. ALSO, OTHER PROGRAMS AND EVENTS ARE TYPICALLY HELD ANNUALLY, SUCH AS THE SUMMER FUNDRAISER TO FOCUS ON PRESENT AND FUTURE WOMEN IN THE COMMUNICATIONS FIELD.
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 |
|---|---|---|---|
Dustee Jenkins Immediate Past President | OfficerTrustee | 0 | $0 |
Georgia Galanoudis President | OfficerTrustee | 0 | $0 |
Laura Brusca President Elect | OfficerTrustee | 0 | $0 |
Linda Descano VP Finance/treasurer | OfficerTrustee | 0 | $0 |
Abi Evans Secretary/cos | OfficerTrustee | 0 | $0 |
Meredith Worsham Assistant Treasurer | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mci Usa Management Services & Commissions | 8/30/23 | $608,540 |
Ziegfeld Ballroom Matrix Event Venue | 8/30/23 | $178,932 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,364 |
| Investment income | $3 |
| 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 | $491,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $59,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $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 | $0 |
| Fees for services: Management | $250,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,468 |
| Advertising and promotion | $11,373 |
| Office expenses | $3,295 |
| Information technology | $23,897 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,333 |
| Insurance | $2,440 |
| All other expenses | $0 |
| Total functional expenses | $510,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,298 |
| Savings and temporary cash investments | $27,387 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,000 |
| 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 | $70,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $287,590 |
| Accounts payable and accrued expenses | $11,554 |
| Grants payable | $0 |
| Deferred revenue | $70,696 |
| 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 | $45,650 |
| Total liabilities | $127,900 |
| Net assets without donor restrictions | $147,090 |
| Net assets with donor restrictions | $12,600 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $159,690 |