Womens Initiative For Progress
- Assets
- $429.0k
- Revenue
- $46.5k
- Investments
- $410.2k
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 82-6359714
Organization Overview
Womens Initiative For Progress is located in Cambridge, MA. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Initiative For Progress 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, Womens Initiative For Progress generated $46.5k 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 (22.7%) each year. All expenses for the organization totaled $59.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Womens Initiative For Progress has awarded 12 individual grants totaling $105,000. 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.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andersen Tax | 12/30/22 | $4,500 |
Wells Fargo | 12/30/22 | $1,623 |
Steward Partners Investment Solutions Llc | 12/30/22 | $480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,839 |
| Interest on Savings | $77 |
| Dividends & Interest | $8,826 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,289 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,484 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,087 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $59,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,463 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $346 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $78,263 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $429,048 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Womens Initiative For Progress has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
APPRENTICE LEARNING PURPOSE: GENERAL FUND | $15,000 |
FOUND IN TRANSLATION PURPOSE: GENERAL FUND | $10,000 |
HURRICANE ISLAND FOUNDATION PURPOSE: GENERAL FUND | $12,500 |
SCIENCE CLUB FOR GIRLS PURPOSE: GENERAL FUND | $12,500 |