Women Of The World Endowment Inc
- Assets
- $3.9m
- Revenue
- -$813.1k
- Investments
- $955.0k
- Employees
- 5
- Location
- Bethesda, MD
- Founding
- Data as of
- 12/2023
- EIN
- 84-4144582
Organization Overview
Women Of The World Endowment Inc is located in Bethesda, MD. According to its NTEE Classification (R24) the organization is classified as: Womens Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2023, Women Of The World Endowment Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Women Of The World Endowment Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WOWE SEEKS TO CREATE INVESTMENT SYSTEMS THAT CENTER WOMEN IN ADDRESSING THE WORLD'S CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOWE ACHIEVES ITS MISSION IN 3 WAYS: 1. BY CONTRIBUTING TO THE EVIDENCE SHOWING THAT INVESTING IN WOMEN DELIVERS STRONG FINANCIAL AND IMPACT RETURNS, AND SYSTEMS CHANGE. WOWE IS BUILDING A 100% MISSION-ALIGNED ENDOWMENT. WORKING ACROSS THE LANDSCAPE TO MAINSTREAM INVESTING IN AND THROUGH WOMEN. WOWE SHARES PORTFOLIO CONSTRUCTION LESSONS WITH THE ECOSYSTEM.2. BY INFLUENCING PARTNERSHIPS--WOWE CULTIVATES AN INCLUSIVE STAKEHOLDER COMMUNITY WHO COLLABORATE ON BUILDING INVESTABLE STRATEGIES AND PRODUCTS, TO ACCELERATE CHANGE THROUGH CAPITAL MARKETS.3. WOWE CREATED A GRANT PROGRAM FOCUSED ON DEVELOPING PARTNERSHIPS TO GRANT CAPITAL TO ORGANIZATIONS WORKING TO DELIVER SYSTEMIC IMPACT SUPPORTING WOMEN CHANGEMAKERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Takuro Kimura Interim President & Treasurer | OfficerTrustee | 1.5 | $0 |
Lili Forouraghi Secretary | OfficerTrustee | 1 | $0 |
Dr Ruth Shaber Board Member | Trustee | 2 | $0 |
Marty Nealon Board Member- As Of 2/2023 | Trustee | 1.5 | $0 |
Aarti Chandna Board Member -Until 12/23 | Trustee | 1.5 | $0 |
Patience Marime-Ball CEO | Officer | 70 | $285,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,307 |
| Noncash contributions included in lines 1a–1f | $2,464 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,307 |
| Total Program Service Revenue | $37,062 |
| Investment income | $104,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,129,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$813,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $104,000 |
| 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. | $299,666 |
| Compensation of current officers, directors, key employees. | $89,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $485,107 |
| Pension plan accruals and contributions | $16,419 |
| Other employee benefits | $20,149 |
| Payroll taxes | $51,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,764 |
| Fees for services: Accounting | $83,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $737,973 |
| Advertising and promotion | $42,448 |
| Office expenses | $6,164 |
| Information technology | $2,062 |
| Royalties | $0 |
| Occupancy | $8,308 |
| Travel | $29,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,700 |
| Interest | $75 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,942 |
| Insurance | $2,774 |
| All other expenses | $0 |
| Total functional expenses | $1,967,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,689 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $76,750 |
| Accounts receivable, net | $15,538 |
| 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 | $18,183 |
| Net Land, buildings, and equipment | $20,912 |
| Investments—publicly traded securities | $2,481,005 |
| Investments—other securities | $954,997 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,866,074 |
| Accounts payable and accrued expenses | $64,036 |
| Grants payable | $94,000 |
| 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 | $158,036 |
| Net assets without donor restrictions | $3,599,067 |
| Net assets with donor restrictions | $108,971 |
| 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 | $3,866,074 |
Grants Awarded
Over the last fiscal year, Women Of The World Endowment Inc has awarded $104,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RHIA VENTURES PURPOSE: TO ACCELERATE PROGRESS TOWARDS MORE WOMEN AND PEOPLE OF COLOR AT FINANCIAL DECISION-MAKING TABLES INVESTING MORE ASSETS | $94,000 |
BLK CAPITAL MANAGEMENT PURPOSE: FUND RECRUITING OF CANDIDATES TO FINANCIAL FIELD | $10,000 |