Girls With Impact Inc
- Assets
- $1.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Greenwich, CT
- Founding
- 04/2019
- Data as of
- 07/2023
- EIN
- 83-1742762
Organization Overview
Girls With Impact Inc is located in Greenwich, CT. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 07/2023, Girls With Impact Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Girls With Impact 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 07/2023, Girls With Impact Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $899.5k during the year ending 07/2023. While expenses have increased by 31.2% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO LEVEL THE PLAYING FIELD FOR ALL WOMEN IN BUSINESS & BEYOND BY EQUIPPING THEM WITH THE SKILLS, TOOLS, AND NETWORK TO BE TOMORROW'S LEADERS, INNOVATORS AND ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THIS FINANCIAL YEAR, WE SERVED 2,943 YOUNG WOMEN AND GIRLS, OVER 70% OF COLOR, RESULTING IN OVER 40,000 LEARNING HOURS AND 30,000 CURRICULUM ACTIVITIES TOWARDS THEIR BUSINESS PLANS AND VENTURES. APPROXIMATELY 95% OF STUDENTS WERE UNDERWRITTEN WITH THE SUPPORT OF FUNDERS. VENTURES SPAN INDUSTRIES INCLUDING CONSUMER PRODUCTS, HEALTH, RETAIL, ENVIRONMENT, SERVICE AND TECH WITH 50% FOCUSED ON STEM. PROGRAMMING CONTINUED TO PRODUCE KEY WORK READINESS OUTCOMES IN THESE YOUNG WOMEN INCLUDING: 85% GRADS REPORTING IMPROVED LEADERSHIP CONFIDENCE. LONGER-TERM OUTCOMES INCLUDE 98% REPORT GWI PROGRAM IMPROVED COLLEGE ADMISSIONS AND 95% EXPERIENCE INCREASED CONFIDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Openshaw CEO & Chair | OfficerTrustee | 40 | $29,167 |
Bob Ghoorah Secretary | OfficerTrustee | 1 | $0 |
Karlyn Carnahan Treasurer | OfficerTrustee | 1 | $0 |
Fernando Salinas Director | Trustee | 1 | $0 |
Mitra Best Director | Trustee | 1 | $0 |
Simone Jordan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $100,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $809,252 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $909,252 |
| Total Program Service Revenue | $102,777 |
| Investment income | $16,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,415 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,045,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $23,333 |
| Compensation of current officers, directors, key employees. | $2,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,059 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,050 |
| Payroll taxes | $33,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,745 |
| Office expenses | $9,573 |
| Information technology | $10,244 |
| 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 | $20,351 |
| All other expenses | $409 |
| Total functional expenses | $899,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,963 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,250 |
| 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 | $715,778 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,036,991 |
| Accounts payable and accrued expenses | $38,371 |
| Grants payable | $0 |
| Deferred revenue | $33,333 |
| 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 | $37,085 |
| Total liabilities | $108,789 |
| Net assets without donor restrictions | $928,202 |
| 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 | $1,036,991 |