Women In Cable Telecommunications
- Assets
- $17.4m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Washington, DC
- Founding
- 07/2010
- Data as of
- 12/2023
- 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 12/2023, Wict Network employed 20 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 12/2023, Wict Network generated $7.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $6.8m during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 9 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 2017, Wict Network has awarded 83 individual grants totaling $1,460,000. 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
2023
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
CONFERENCES & SEMINARS: THE WICT NETWORK OFFERS A WIDE VARIETY OF CONFERENCES AND LEADERSHIP EVENTS THROUGHOUT THE YEAR, AS WELL AS CURATED TRAINING SEMINARS FOR WOMEN LEADERS. THESE EVENTS INCLUDE THE WICT NETWORK LEADERSHIP CONFERENCE, THE TECH IT OUT CONFERENCE, THE BETSY MAGNESS LEADERSHIP INSTITUTE (BMLI), AND THE RISING LEADERS PROGRAM.THE LEADERSHIP CONFERENCE FOCUSES ON CUTTING-EDGE BUSINESS INNOVATIONS AND WORKPLACE SOLUTIONS TO ADDRESS BUSINESS STRATEGY, HUMAN CAPITAL, PRODUCTIVITY, PSYCHOLOGICAL SAFETY, DEIB AND WHAT IT MEANS TO BE A GREAT LEADER TODAY. THE TECH IT OUT CONFERENCE BRINGS TOGETHER EXPERTS FROM INSIDE AND OUTSIDE THE CABLE INDUSTRY TO SHARE THEIR INSIGHTS ON TECHNOLOGY AND LEADERSHIP WITH OUR TARGET AUDIENCE OF WOMEN AND PEOPLE OF COLOR. OUR CONFERENCES ALLOW DEDICATED TIME FOR LEADERSHIP TRAINING AND NETWORKING, GIVING PARTICIPANTS THE OPPORTUNITY TO CONNECT WITH AND LEARN FROM EACH OTHER.THE BMLI CONVENES TOP RANKED EXECUTIVE EDUCATION INSTITUTIONS TO PROVIDE COMPETITIVELY SELECTED LEADERS WITH A YEAR-LONG, IMMERSIVE EXPERIENCE FOCUSED ON DEVELOPING CRITICAL LEADERSHIP COMPETENCIES AND A B2B NETWORK. THE WICT NETWORK'S RISING LEADERS PROGRAM (RLP) IS A PREMIER PROFESSIONAL DEVELOPMENT PROGRAM FOR EMERGING WOMEN LEADERS IN MEDIA, ENTERTAINMENT AND TECHNOLOGY. PARTICIPANTS LEARN HOW TO BUILD AND DEVELOP HIGH-PERFORMING TEAMS; EXPAND THEIR ORGANIZATIONAL IMPACT; BUILD ALLIANCES; ASSESS DIVERSE LEADERSHIP STYLES, AND MORE.
OTHER SERVICES: OTHER SERVICES INCLUDES WICT NETWORK MARKETING & COMMUNICATIONS, ASSOCIATION OUTREACH, PROGRAM DEVELOPMENT, AND CAPACITY BUILDING. THE WICT NETWORK'S LOCAL CHAPTERS OFFER A VITAL LOCAL CONNECTION FOR MEMBERS THROUGHOUT THE US, THE EU, UK, AND LATIN AMERICA. CHAPTERS ALSO OFFER UNIQUE LEADERSHIP OPPORTUNITIES THROUGH COMMITTEES AND CHAPTER BOARD ROLES. CHAPTER LEADERS WORK IN CONCERT TO DELIVER IMPACTFUL PROGRAMS AND EVENTS FOCUSING ON TECHNOLOGY, MENTORING, PROFESSIONAL NETWORKING AND PERSONAL BRANDING. IN ADDITION, THE ORGANIZATION PUBLISHES REGULAR NEWS AND INSIGHTS
MEMBERSHIP: OUR MEMBER RESOURCES, EDUCATIONAL EVENTS, AND DIVERSITY RESEARCH HELPS ENSURE WE ARE MARKET LEADERS. OUR MEMBERS ARE GIVEN ACCESS TO UNMATCHED PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES; ACCESS TO THE WICT NETWORK'S ONLINE LEARNING LIBRARY, INCLUDING TOP-RATED EDUCATION CONTENT, WEBINARS, CONFERENCE SESSIONS; AND ACCESS TO THE WICT NETWORK MEMBER APP, WHICH ALLOWS MEMBERS TO CHAT, NETWORK, AND COLLABORATE WITH PEERS ACROSS THE GLOBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leigh Woisard Chair | OfficerTrustee | 4 | $0 |
Catherine Bohigian Treasurer | OfficerTrustee | 4 | $0 |
Sandy Howe Immediate Past Chair | OfficerTrustee | 4 | $0 |
Rhonda Crichlow Committee Chair | Trustee | 4 | $0 |
Karen Buchholz Committee Chair | Trustee | 4 | $0 |
Michelle Rice Committee Chair | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Center For Leadership Curriculum Development | 12/30/23 | $539,266 |
Proteus International Curriculum Development | 12/30/23 | $426,814 |
Stanford University Curriculum Development | 12/30/23 | $292,800 |
Altai Systems Software Implementation & Support | 12/30/23 | $198,353 |
Cordia Partners Accounting & Hr Services | 12/30/23 | $109,802 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $628,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,248,496 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,876,696 |
| Total Program Service Revenue | $4,730,801 |
| Investment income | $392,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $108,269 |
| Net Income from Fundraising Events | -$109,104 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,076,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $1,615,693 |
| Compensation of current officers, directors, key employees. | $460,472 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,268,222 |
| Pension plan accruals and contributions | $47,575 |
| Other employee benefits | $96,466 |
| Payroll taxes | $168,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,662 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,380 |
| Fees for services: Other | $1,648,338 |
| Advertising and promotion | $15,060 |
| Office expenses | $128,522 |
| Information technology | $98,429 |
| Royalties | $0 |
| Occupancy | $313,116 |
| Travel | $160,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $923,497 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,302 |
| Insurance | $34,468 |
| All other expenses | $0 |
| Total functional expenses | $6,796,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,717,948 |
| Savings and temporary cash investments | $791,545 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $279,198 |
| 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 | $354,479 |
| Net Land, buildings, and equipment | $225,024 |
| Investments—publicly traded securities | $13,194,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $856,606 |
| Total assets | $17,419,282 |
| Accounts payable and accrued expenses | $879,374 |
| Grants payable | $0 |
| Deferred revenue | $529,436 |
| 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 | $1,012,005 |
| Total liabilities | $2,420,815 |
| Net assets without donor restrictions | $14,542,087 |
| Net assets with donor restrictions | $456,380 |
| 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 | $17,419,282 |
Grants Awarded
Over the last fiscal year, Women In Cable Telecommunications has awarded $200,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
WOMEN IN CABLE TELECOMMUNICATIONS SOUTHEAST CHAPTER PURPOSE: BRANDING | $10,000 |
WOMEN IN CABLE TELECOMMUNICATIONS FLORIDA CHAPTER PURPOSE: BRANDING | $10,000 |
WOMEN IN CABLE TELECOMMUNICATIONS CAROLINAS CHAPTER PURPOSE: BRANDING | $10,000 |
WOMEN IN CABLE TELECOMMUNICATIONS GREATER CHICAGO CHAPTER PURPOSE: BRANDING | $10,000 |
WOMEN IN CABLE TELECOMMUNICATIONS WASHINGTON DCBALTIMORE CHAPTER PURPOSE: BRANDING | $10,000 |
WOMEN IN CABLE TELECOMMUNICATIONS GREAT LAKES CHAPTER PURPOSE: BRANDING | $10,000 |