Overview
What is Women's Foundation Of Minnesota?
The Women's Foundation of Minnesota is a nonprofit organization dedicated to fostering gender and racial equity in Minnesota. They accomplish this by distributing grants worth $2.4 million annually, supporting initiatives related to safety, leadership, holistic well-being, and economic justice for women, girls, and gender-expansive individuals. Their equity-focused approach considers various intersecting factors, such as gender, race, place, and additional identities, to create transformative change in communities with the most barriers and disparities. The Foundation's grants support general operating expenses, ensuring flexibility for organizations to sustain community programs. Their community investments in FY23 reached 152 nonprofits and 17 individuals, serving more than 111,000 individuals. Funds like the Community Response Fund, Fund for Safety, girlsBEST, We Thrive, and the Young Women's Initiative of Minnesota contribute to this mission, with a strong commitment to Greater Minnesota and inclusivity.
Official website here: www.wfmn.org
What are the reviews and ratings of this charity?
The Women's Foundation of Minnesota has received a perfect score of 100% from Charity Navigator, earning it a Four-Star out of Four Star rating. This score reflects a comprehensive evaluation across various categories, highlighting a robust commitment to transparency and effective financial practices. Of particular note is its Accountability & Finance Score of 100, denoting full compliance with best practices for financial management and board governance.
The organization excels in maintaining a 100% independent board and has been thoroughly vetted in areas such as audit and oversight, where it scored maximum points. Its program expense ratio stands at an impressive 82.15%, indicating efficient use of funds toward its mission. Additionally, the foundation demonstrates remarkable fundraising efficiency and holds strong working capital stability, suggesting long-term sustainability and strategic financial planning.
The Culture & Community Score, while lower than the financial aspect, still reflects a strong performance at 97. The organization actively collects and uses constituent feedback, scoring perfectly in these areas, signifying a responsive and community-centered approach. While they currently lack evaluations in the Impact & Measurement and Leadership & Adaptability methodologies, their outstanding scores in other areas underline their overall effectiveness and dedication to their mission. No user reviews are available from GreatNonprofits at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Women's Foundation Of Minnesota legitimate?
Women's Foundation Of Minnesota is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Foundation Of Minnesota 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: $506,205
Professional Fundraising Fees: $109,500
Other Salaries and Wages: $1,665,494
For more financial information, click here
Official website here: www.wfmn.org
What is the mission statement of Women's Foundation Of Minnesota?
The Women's Foundation of Minnesota, as a community foundation, invests in innovation to drive gender and racial equity. The organization's mission is to foster change by providing grants and resources to support safety, leadership, holistic well-being, and economic justice for women, girls, and gender-expansive individuals in Minnesota. They employ an Intersectional Equity Framework to address the unique challenges faced by communities with disparities and barriers. Their grants primarily support general operating expenses, providing organizations with flexibility to strengthen community-based programs. In the fiscal year 2022-2023, the foundation distributed $2.4 million in grants to 152 organizations and individuals, benefiting over 111,000 people in various programs.
Official website here: www.wfmn.org
Who is the CEO of Women's Foundation Of Minnesota?
Gloria Perez is the Chair of Women's Foundation Of Minnesota. The CEO's salary of Women's Foundation Of Minnesota is $250,361 and their total compensation is $284,204.
Official website here: www.wfmn.org
What is the revenue of Women's Foundation Of Minnesota?
Women's Foundation Of Minnesota's revenue in 2023 was $11,550,455.
Official website here: www.wfmn.org
Who are the executives of Women's Foundation Of Minnesota and what are their salaries?
The average compensation at Women's Foundation Of Minnesota during 2023 was $83,527. There are 26 employees and 67 volunteers at Women's Foundation Of Minnesota.
Here are 23 key members and their salaries (Women's Foundation Of Minnesota's CEO's salary is $250,361 and their total compensation is $284,204):
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- Compensation: $250,361
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- Other: $16,725
Official website here: www.wfmn.org
Where can I find the form 990 for Women's Foundation Of Minnesota?
Women's Foundation Of Minnesota's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wfmn.org
Learn more at the official website: www.wfmn.org
Mission Statement of Women's Foundation Of Minnesota
The Women's Foundation of Minnesota (WFMN) is a community foundation with a mission to drive gender and racial equity in Minnesota. They invest in innovation, aiming to address the unique challenges faced by women, girls, and gender-expansive individuals in various communities. WFMN recognizes that inequity manifests differently in each community, hence they employ an Intersectional Equity Framework to identify and address intersecting factors such as gender, race, place, and additional identities.
The foundation's grantmaking efforts in the 2022-2023 fiscal year saw the allocation of $2.4 million to support safety, leadership, holistic well-being, and economic justice. Their grants primarily focus on general operating expenses, providing organizations with the flexibility necessary to build stability around community-sustaining programs. WFMN's investments in FY23 reached 152 nonprofit organizations and 17 individuals, serving a total of 111,805 people across Minnesota.
In line with their mission, WFMN has established several funds to support their cause. These funds, including the Community Response Fund, Fund for Safety, girlsBEST, We Thrive, and the Young Women's Initiative of Minnesota (YWI MN), aim to provide resources and opportunities to communities in need, particularly those facing the greatest barriers and disparities. Through these funds, WFMN aims to create a more equitable Minnesota where women, girls, and gender-expansive individuals can thrive.
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Impact
July, 2024
The Women's Foundation of Minnesota's impact is significant in driving gender and racial equity in the state. They awarded $2.4 million in grants to support safety, leadership, well-being, and economic justice for women, girls, and gender-expansive people, serving over 111,000 individuals. Their grants focus on addressing reproductive justice, gender-based violence, economic opportunities for young women, and generational wealth-building for BIPOC, low-wealth, and rural individuals. Through their various funds and programs like girlsBEST and We Thrive, they have made a tangible difference in the lives of thousands of individuals by empowering them to achieve their full potential and create a more equitable society.
This information is meant to be a general summary of Women's Foundation Of Minnesota. 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 2023.
- Investment Income: $121,751
- Gross Receipts: $12,811,761
Assets and Liabilities:
- Total Assets: $35,113,777
- Total Liabilities: $885,584
- Net Assets: $34,228,193
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Organization Details
Founding Year
1983
Phone
(612) 337-5010Principal Officer
Gloria Perez
Main Address
105 5th Ave S 300, Minneapolis, MN, 55401
Website
www.wfmn.orgNTEE Category
Code: T310 - Philanthropy
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