Women In Cable Telecommunications
- Assets
- $17.8m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Washington, DC
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 36-3814358
Organization Overview
Women In Cable Telecommunications, operating under the name The Wict Network, is located in Washington, DC. The organization was established in 2010. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Wict Network employed 19 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Wict Network 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 12/2021, Wict Network generated $6.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Wict Network has awarded 62 individual grants totaling $935,000. 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
WICT DEVELOPS WOMEN LEADERS WHO TRANSFORM OUR INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETSY MAGNESS LEADERSHIP INSTITUTE: KNOWN AS BMLI, SUPPORTS 54 WOMEN IN THE CURRENT CLASSES AND OVER 1,000 INSTITUTE GRADUATES. BMLI IS DESIGNED TO ELEVATE WOMEN LEADERS IN THE CABLE AND TELECOMMUNICATIONS INDUSTRY. STRUCTURED INTROSPECTION, GRAPPLING WITH UNIVERSAL PROFESSIONAL CHALLENGES AND THE OPPORTUNITY TO SHIFT PERSPECTIVES WITHIN AN EMPOWERING LEARNING COMMUNITY ENABLES FELLOWS TO MAKE THE TRANSITION FROM EFFECTIVE MANAGERS TO ENDURING LEADERS. BY MAKING GENUINE CONNECTIONS WITHIN THEIR CLASS, FELLOWS EMERGE WITH A COMMITTED PASSION TO SHARE WHAT THEY'VE LEARNED WITH THEIR TEAMS, COMPANIES AND THE INDUSTRY AS A WHOLE.
LEADERSHIP CONFERENCE: OVER 800 ATTENDEES PARTICIPATING IN A TWO DAY CONFERENCE ON LEADERSHIP FOR WOMEN AT THE CEO, PRESIDENT, VICE PRESIDENT AND DIRECTOR LEVEL IN THE MEDIA, ENTERTAINMENT, AND TECHNOLOGY INDUSTRIES. WOMEN AND MEN LEARN ABOUT BEST PRACTICES FOR SENIOR LEADERS; HOW TO IMPROVE THEIR LEADERSHIP SKILLS; HOW TO MANAGE A TEAM OF EMPLOYEES FROM DIFFERENT DEPARTMENTS.
RISING LEADERS PROGRAM: WICT'S RISING LEADERS PROGRAM (RLP) SEEKS INDUSTRY PROFESSIONALS WHO ARE READY TO CHALLENGE THEIR SKILLS AND TAKE THE NEXT STEP TOWARDS DESIGNING THEIR INDIVIDUAL LEADERSHIP BLUEPRINT. DURING AN INTENSIVE WEEK-LONG IMMERSION PROGRAM, PARTICIPANTS WILL TAKE PART IN LEADERSHIP ANALYSIS, CASE STUDY WORK, CABLE BUSINESS ACUMEN AND TACTICAL PERSONAL LEADERSHIP SKILL DEVELOPMENT. THIS PROGRAM IS LIMITED TO SIX CLASSES OF 30 WOMEN. PARTICIPANTS ACCEPTED INTO RLP HAVE DEMONSTRATED THEIR POTENTIAL, AS WELL AS THEIR DESIRE, FOR LEADERSHIP AND CAREER ADVANCEMENT. THEY MUST BE APPROVED AND SUPPORTED BY THEIR COMPANIES TO PARTICIPATE IN RLP AS THIS IS A COMPETITIVE APPLICATION BASED PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Brennan President & CEO | OfficerTrustee | 40 | $835,448 |
Rebecca Walker Chief Financial Officer | Officer | 40 | $251,991 |
Lesa Faris Chief Of Staff | Officer | 40 | $238,740 |
Gregory Hickman Evp, Tech & Marcom | Officer | 40 | $164,119 |
Kristin Edwards Vp, Members Svcs | 40 | $121,773 | |
Kiersten Walker Avp, Events | 40 | $114,576 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stanford University Ses Facilitators | 12/30/20 | $218,694 |
Proteus International Inc Rlp Facilitators | 12/30/20 | $196,125 |
Center For Creative Leadershp Bmli Facilitators | 12/30/20 | $430,964 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $134,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $199,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,905 |
| Total Program Service Revenue | $5,494,012 |
| Investment income | $371,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $218,568 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,417,551 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,244,207 |
| Compensation of current officers, directors, key employees. | $353,355 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,304,874 |
| Pension plan accruals and contributions | $72,087 |
| Other employee benefits | $216,761 |
| Payroll taxes | $118,307 |
| Fees for services: Management | $1,611,962 |
| Fees for services: Legal | $368 |
| Fees for services: Accounting | $26,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,502 |
| Fees for services: Other | $3,610 |
| Advertising and promotion | $72,521 |
| Office expenses | $103,643 |
| Information technology | $186,732 |
| Royalties | $0 |
| Occupancy | $311,055 |
| Travel | $63,830 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $236,028 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,794 |
| Insurance | $62,892 |
| All other expenses | $53,389 |
| Total functional expenses | $6,038,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,448 |
| Savings and temporary cash investments | $210,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,896 |
| 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 | $692,074 |
| Net Land, buildings, and equipment | $115,600 |
| Investments—publicly traded securities | $16,535,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,838,283 |
| Accounts payable and accrued expenses | $1,062,731 |
| Grants payable | $0 |
| Deferred revenue | $621,856 |
| 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 | $240,656 |
| Total liabilities | $1,925,243 |
| Net assets without donor restrictions | $15,366,493 |
| Net assets with donor restrictions | $546,547 |
| 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 | $17,838,283 |
Grants Awarded
Over the last fiscal year, Women In Cable Telecommunications has awarded $200,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Riverview, FL PURPOSE: BRANDING | $10,000 |
Oakbrook, IL PURPOSE: BRANDING | $10,000 |
Atlanta, GA PURPOSE: BRANDING | $10,000 |
Charlotte, NC PURPOSE: BRANDING | $10,000 |
WOMEN IN CABLE TELECOMMUNICATIONS GREAT LAKES CHAPTER PURPOSE: BRANDING | $10,000 |
Baltimore, MD PURPOSE: BRANDING | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Women In Cable Telecommunications has recieved totaling $306,930.
| Awarding Organization | Amount |
|---|---|
Walter Kaitz Foundation Washington, DC PURPOSE: PROMOTE DIVERSITY IN THE CABLE INDUSTRY | $252,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $30,000 |
Ncta-The Internet & Television Association Washington, DC PURPOSE: SPONSOR WICT DISTANCE LEARNING WEBINAR / CONFERENCE & TOUCHSTONES LUNCH | $24,430 |
Endowment Analysis
| Beg. Balance | $629,915 |
| Earnings | $16,184 |
| Grants | $99,552 |
| Ending Balance | $546,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |