Overview
What is Savvy Ladies Inc?
Savvy Ladies Inc, based in New York City, New York, is a nonprofit organization dedicated to empowering women with financial literacy. They offer a variety of educational programs, including seminars, webinars, and workshops, to help women navigate personal finance issues and retirement planning. Through their helpline, email, or telephone service, women can access free financial guidance. Savvy Ladies Inc's mission is to promote financial independence among women by providing counseling and educational presentations. With a small team of two individuals, they strive to equip women with the knowledge and tools needed to make informed financial decisions.
Official website here: www.savvyladies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Savvy Ladies Inc has achieved a strong 92% rating from Charity Navigator, reflecting its commitment to transparency and effectiveness. The charity excels particularly in Impact & Measurement and Leadership & Adaptability, both of which scored a perfect 100. With 95% of its board members being independent, the organization demonstrates a solid governance structure that enhances its credibility and operational integrity.
The financial health of Savvy Ladies is also commendable, with a low liabilities to assets ratio of 8.93%, indicating strong financial stability. However, the program expense ratio stands at 58.46%, suggesting room for improvement in how funds are allocated towards direct program services. Nonetheless, the organization effectively collects and utilizes feedback, scoring full marks in both categories, which points to a commitment to continuous improvement and community engagement.
Savvy Ladies aims to provide free, personalized financial counseling to over 500 women in crisis each year, highlighting its focus on impactful service delivery. While there are some areas for improvement in financial allocations, the overall rating and organizational strengths indicate that Savvy Ladies is a trustworthy and effective nonprofit dedicated to empowering women through financial education and support.
This AI summary has been generated from information found on Charity Navigator.
Is Savvy Ladies Inc legitimate?
Savvy Ladies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Savvy Ladies Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $153,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,250
For more financial information, click here
Official website here: www.savvyladies.org
What is the mission statement of Savvy Ladies Inc?
Savvy Ladies Inc is committed to helping women achieve financial independence. They accomplish this goal through counseling and educational presentations. The organization offers financial literacy programs, such as seminars, webinars, and workshops, to empower women with the necessary knowledge. Additionally, women can seek free financial guidance on personal finance issues and retirement planning via a helpline, email, or telephone service. Overall, Savvy Ladies Inc aims to provide resources and support to help women make informed financial decisions and secure their financial future.
Official website here: www.savvyladies.org
Who is the CEO of Savvy Ladies Inc?
Judy Herbst is the President of Savvy Ladies Inc.
Official website here: www.savvyladies.org
What is the revenue of Savvy Ladies Inc?
Savvy Ladies Inc's revenue in 2022 was $570,381.
Official website here: www.savvyladies.org
Who are the executives of Savvy Ladies Inc and what are their salaries?
The average compensation at Savvy Ladies Inc during 2022 was $104,475. There are 2 employees and 177 volunteers at Savvy Ladies Inc.
Here are 24 key members and their salaries:
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- Compensation: $136,500
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- Other: $17,200
Official website here: www.savvyladies.org
Where can I find the form 990 for Savvy Ladies Inc?
Savvy Ladies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.savvyladies.org
Learn more at the official website: www.savvyladies.org
Mission Statement of Savvy Ladies Inc
Savvy Ladies Inc is an organization committed to empowering women towards financial independence. They achieve this mission through counseling and educational presentations. By offering financial literacy programs, the organization equips women with the necessary knowledge and skills to manage their personal finances effectively. These programs encompass seminars, webinars, and workshops, providing a comprehensive learning experience. Beyond these educational offerings, Savvy Ladies Inc also offers free financial guidance on various personal finance issues and retirement planning. This guidance is accessible via their helpline, email, or telephone, ensuring that women have the support they need when navigating complex financial matters. Overall, Savvy Ladies Inc plays a critical role in empowering women to take control of their financial futures.
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Impact
July, 2024
Savvy Ladies Inc plays a crucial role in empowering women to attain financial independence through personalized counseling and educational initiatives. By offering a range of financial literacy programs like seminars, webinars, and workshops, the organization ensures that women have the knowledge and skills to make informed decisions about their personal finances and retirement planning. Through their helpline, email, and telephone support services, Savvy Ladies Inc provides free guidance to women seeking assistance with financial matters. Based in New York, this organization's impactful work falls within the realm of human services, making a tangible difference in the lives of women striving for financial security and independence.
This information is meant to be a general summary of Savvy Ladies Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $589,701
Assets and Liabilities:
- Total Assets: $404,301
- Total Liabilities: $36,130
- Net Assets: $368,171
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Organization Details
Founding Year
2005
Phone
(646) 216-8988Principal Officer
Judy Herbst
Main Address
39 BROADWAY 1730, NEW YORK, NY, 10006
Website
www.savvyladies.orgNTEE Category
Code: P80 - Human services
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