Fund For Women Of The Southern Tier Inc
- Assets
- $321.9k
- Revenue
- $112.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Corning, NY
- Founding
- 04/2014
- Data as of
- 12/2022
- EIN
- 30-0752244
Organization Overview
Fund For Women Of The Southern Tier Inc is located in Corning, NY. The organization was established in 2014. 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. Fund For Women Of The Southern Tier 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, Fund For Women Of The Southern Tier Inc generated $112.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $96.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION ASSISTS GIRLS AND WOMEN ACHIEVE ECONOMIC SELF-SUFFICIENCY AND REALIZE LIFE GOALS THROUGH GRANTS IN THE AREAS OF EDUCATION, HEALTH, WELLNESS, CAREER, AND LIFE SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ASSISTS GIRLS AND WOMEN ACHIEVE ECONOMIC SELF-SUFFICIENCY AND REALIZE LIFE GOALS THROUGH GRANTS IN THE AREAS OF EDUCATION, HEALTH, WELLNESS, CAREER AND LIFE SKILLS. THE ORGANIZATION DID THIS IN THREE WAYS IN 2022 1) THROUGH MAKING GRANTS TO THE FUND FOR WOMEN ENDOWMENT AT THE COMMUNITY FOUNDATION OF ELMIRA-CORNING AND THE FINGER LAKES. IN 2022 THE ORGANIZATION ADDED $22,500 TO THE ENDOWMENT. THE ORGANIZATION HAS A GRANT COMMITTEE THAT MAKES RECOMMENDATIONS TO THE COMMUNITY FOUNDATION FOR GRANT AWARDS TO INDIVIDUALS AND NOT-FOR-PROFITS. IN 2022, TOTAL GRANTS AWARDED BY THE COMMUNITY FOUNDATION FROM THE FUND FOR WOMEN ENDOWMENT AMOUNTED TO $70,457.2) THROUGH THE FUND FOR WOMEN EMPOWER GRANT TO AN AREA NON-PROFIT. THE FUND FOR WOMEN NAMED ARBOR HOUSING & DEVELOPMENT AS THE FIRST RECIPIENT OF THIS GRANT. IN 2022 THE ORGANIZATION GRANTED $50,000 TO ARBOR HOUSING & DEVELOPMENT. WOMEN WHO ARE RESIDENTS OF STEUBEN, CHEMUNG, SCHUYLER OR YATES COUNTIES AND RECEIVE CASE MANAGEMENT THROUGH ARBOR'S FAMILY SELF-SUFFICIENCY, DOMESTIC VIOLENCE, OR SUPPORTIVE HOUSING PROGRAMS CAN APPLY FOR AN INDIVIDUAL EMPOWER GRANT THROUGH ARBOR. GRANT AWARD DECISIONS WILL BE MADE BY A THREE-MEMBER COMMITTEE AND HAVE A MAXIMUM DISBURSEMENT OF $1,500 PER PERSON.3) THROUGH GRANTS TO INDIVIDUALS FROM THE MARY ALICE BOSSELER WIGS FOR CANCER PATIENTS FUND. THIS FUND ASSISTS WOMEN WHO ARE HAVING CANCER TREATMENTS WITH THE PURCHASE OF WIGS. IN 2022 $3,988 WAS AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Chafee President | OfficerTrustee | 4 | $0 |
Amy Truxon First Vice President | OfficerTrustee | 4 | $0 |
Penny Gregg Second Vice President | OfficerTrustee | 4 | $0 |
Rita Biesen Treasurer | OfficerTrustee | 4 | $0 |
Sabeen Mukhtar Secretary | OfficerTrustee | 4 | $0 |
Pam Burns Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,793 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,770 |
| Total Program Service Revenue | $0 |
| Investment income | $487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,500 |
| Grants and other assistance to domestic individuals. | $4,488 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,084 |
| Information technology | $2,843 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,569 |
| All other expenses | $0 |
| Total functional expenses | $96,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,022 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $870 |
| Total assets | $321,892 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $321,892 |
| 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 | $321,892 |
Grants Awarded
Over the last fiscal year, Fund For Women Of The Southern Tier Inc has awarded $72,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF ELMIRA-CORNING AND THE FINGER LAKES INC PURPOSE: GRANT TO FUND FOR WOMEN ENDOWMENT FUND TO BE USED FOR GRANTS TO GIRLS AND WOMEN WHO ARE SEEKING TO IMPROVE THEIR EDUCATIONAL STATUS AND BUILD CAREER PATHS, TO WOMEN RECEIVING MEDICAL TREATMENT FOR BREAST CANCER, AND NONPROFIT ORGANIZATIONS TO FUND PROGRAMS OR PROJECTS THAT SUPPORT THE EDUCATION OR HEALTH OF GIRLS AND WOMEN. | $22,500 |
ARBOR HOUSING AND DEVELOPMENT PURPOSE: WOMEN WHO ARE RESIDENTS OF STEUBEN, CHEMUNG, SCHUYLER OR YATES COUNTIES AND RECEIVE CASE MANAGEMENT THROUGH ARBOR'S FAMILY SELF-SUFFICIENCY, DOMESTIC VIOLENCE, OR SUPPORTIVE HOUSING PROGRAMS CAN APPLY FOR AN INDIVIDUAL EMPOWER GRANT THROUGH ARBOR. GRANT AWARD DECISIONS WILL BE MADE BY A THREE-MEMBER COMMITTEE AND HAVE A MAXIMUM DISBURSEMENT OF $1,500 PER PERSON. | $50,000 |