Overview
What is Women's Foundation For A Greater Memphis?
The Women's Foundation for a Greater Memphis, situated in Memphis, Tennessee, is a nonprofit organization with a mission to inspire philanthropy and foster leadership among women. They provide financial assistance and grants to organizations that help empower women and children, enabling them to improve their leadership potential and achieve financial security. With a team of eight dedicated individuals, they actively support and promote women's programs and leadership initiatives, aiming to assist women and children in reaching their full potential.
Official website here: www.wfgm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Women's Foundation for a Greater Memphis has achieved a notable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The foundation scored an impressive 97% in its Accountability & Finance, indicating strong oversight and management practices. This score is based solely on its performance in these areas, emphasizing the organization’s commitment to transparency and fiscal responsibility.
Key strengths include a fully independent board of directors, effective financial oversight through an audit committee, and adherence to best practices for governance, such as a conflict of interest policy and a whistleblower policy. Additionally, the foundation demonstrates a solid program expense ratio of 80.43%, which signifies that a significant portion of its expenditures directly supports its mission-focused programs. The organization also has a favorable liabilities to assets ratio, showcasing a stable financial standing.
While the foundation appears to be operating effectively, the notable salaries of its key personnel, such as the President and CEO, may raise questions about compensation practices within nonprofit organizations. Overall, the Women's Foundation for a Greater Memphis stands out for its strong governance and financial management, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Women's Foundation For A Greater Memphis legitimate?
Women's Foundation For A Greater Memphis is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Foundation For A Greater Memphis 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: $339,477
Professional Fundraising Fees: $0
Other Salaries and Wages: $339,364
For more financial information, click here
Official website here: www.wfgm.org
What is the mission statement of Women's Foundation For A Greater Memphis?
The Women's Foundation For A Greater Memphis is dedicated to encouraging philanthropy and fostering leadership among women. Their mission is to support programs that empower women and children, enabling them to realize their full potential. They achieve this by providing grants and assistance to organizations that focus on developing leadership skills and promoting financial security in women. The foundation's activities are geared towards enhancing opportunities for women and children, ultimately contributing to their overall growth and development.
Official website here: www.wfgm.org
Who is the CEO of Women's Foundation For A Greater Memphis?
Shante Avant is the Director of Women's Foundation For A Greater Memphis. The CEO's salary of Women's Foundation For A Greater Memphis is $118,382 and their total compensation is $128,967.
Official website here: www.wfgm.org
What is the revenue of Women's Foundation For A Greater Memphis?
Women's Foundation For A Greater Memphis's revenue in 2022 was $4,791,377.
Official website here: www.wfgm.org
Who are the executives of Women's Foundation For A Greater Memphis and what are their salaries?
The average compensation at Women's Foundation For A Greater Memphis during 2022 was $84,855. There are 8 employees and 103 volunteers at Women's Foundation For A Greater Memphis.
Here are 33 key members and their salaries (Women's Foundation For A Greater Memphis's CEO's salary is $118,382 and their total compensation is $128,967):
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- Compensation: $118,382
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Official website here: www.wfgm.org
Where can I find the form 990 for Women's Foundation For A Greater Memphis?
Women's Foundation For A Greater Memphis's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wfgm.org
Learn more at the official website: www.wfgm.org
Mission Statement of Women's Foundation For A Greater Memphis
The Women's Foundation For A Greater Memphis is devoted to encouraging philanthropy and fostering leadership among women. Their mission is to support and promote programs that enable women and children to reach their full potential. This nonprofit organization provides grants and assistance to various organizations that encourage women and children to develop their leadership potential and achieve financial security. By doing so, the Women's Foundation For A Greater Memphis plays a significant role in empowering women, helping them overcome challenges, and contributing to their overall development.
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Impact
July, 2024
The Women's Foundation For A Greater Memphis has a significant impact on the community by supporting and promoting women's programs and leadership. Through grants and assistance to various organizations, the foundation encourages women and children to develop leadership potential and financial security. Their mission to encourage philanthropy and foster leadership among women, as well as support programs that enable women and children to reach their full potential, has a tangible and positive impact on empowering individuals in Memphis, TN.
This information is meant to be a general summary of Women's Foundation For A Greater Memphis. 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.
- Investment Income: $159,069
- Gross Receipts: $5,002,395
Assets and Liabilities:
- Total Assets: $8,382,240
- Total Liabilities: $1,425,522
- Net Assets: $6,956,718
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Organization Details
Founding Year
1995
Phone
(901) 578-9346Principal Officer
Shante Avant
Main Address
40 SOUTH MAIN STREET 2280, MEMPHIS, TN, 38103
Website
www.wfgm.orgNTEE Category
Code: P20 - Human services
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