Overview
What is Women's Foundation Of Boston Inc?
Women's Foundation of Boston Inc is a prominent nonprofit organization situated in Boston, Massachusetts. With a focus on economic empowerment, leadership development, and financial independence, this charity aims to uplift women and girls in the Greater Boston area. They accomplish this mission by funding projects in financial literacy, salary negotiations, job training, and related areas. In addition, the organization supports educational and enrichment initiatives that encourage higher-paying career opportunities, particularly in underrepresented fields like STEM. Furthermore, Women's Foundation of Boston encourages leadership development at various life stages by fostering confidence, mentorships, and networks. By partnering with nonprofits serving solely women and girls, they provide high-impact grants, typically ranging from $10,000 to $50,000 annually, for a duration of one to five years. In 2022, the foundation awarded grants totaling $1.27 million to 22 organizations with aligned missions.
Official website here: www.wfboston.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator.
The Women's Foundation of Boston Inc has achieved an impressive Four-Star out of Four Star rating, reflecting its strong accountability and financial practices. With a score of 97 in Accountability & Finance, the organization demonstrates effective management of its resources, ensuring that a significant portion of funds is directed toward its programs, evidenced by a program expense ratio of over 83%.
The organization also excels in its governance structures, featuring a fully independent board of 19 members, which enhances its integrity and oversight capabilities. The foundation has high scores in feedback collection and usage, indicating a commitment to engaging with and responding to the community it serves.
While the foundation's scores are overwhelmingly positive, there may be room for growth in its Culture & Community and Equity Strategies, where scores of 89 and 83 respectively suggest areas for improvement. Overall, the Women's Foundation of Boston demonstrates strong operational practices and a dedication to transparency, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Women's Foundation Of Boston Inc legitimate?
Women's Foundation Of Boston Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Foundation Of Boston 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: $0
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Other Salaries and Wages: $346,912
For more financial information, click here
Official website here: www.wfboston.org
What is the mission statement of Women's Foundation Of Boston Inc?
The Women's Foundation of Boston, as a nonprofit organization, is committed to empowering women and girls in economic advancement and leadership. They achieve this by funding and creating high-impact programs in partnership with nonprofits that serve solely women and girls. These programs aim to make women financially independent and successful leaders. The foundation awards grants to nonprofits that economically empower women, focusing on areas such as financial literacy, salary negotiation, and job training. Additionally, they fund education and enrichment initiatives to expand opportunities in higher-paying fields for women, particularly in underrepresented fields like STEM. The foundation also supports leadership development at all ages, building confidence, character, and networks, and promoting female nonprofit leadership.
Official website here: www.wfboston.org
Who is the CEO of Women's Foundation Of Boston Inc?
Christina Gordon is the CEO of Women's Foundation Of Boston Inc The CEO's salary of Women's Foundation Of Boston Inc is $0 and their total compensation is $0.
Official website here: www.wfboston.org
What is the revenue of Women's Foundation Of Boston Inc?
Women's Foundation Of Boston Inc's revenue in 2024 was $5,603,742.
Official website here: www.wfboston.org
Who are the executives of Women's Foundation Of Boston Inc and what are their salaries?
The average compensation at Women's Foundation Of Boston Inc during 2024 was $57,819. There are 6 employees and 182 volunteers at Women's Foundation Of Boston Inc.
Here are 22 key members and their salaries (Women's Foundation Of Boston Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $141,273
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- Other: $13,955
Official website here: www.wfboston.org
Where can I find the form 990 for Women's Foundation Of Boston Inc?
Women's Foundation Of Boston Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wfboston.org
Learn more at the official website: www.wfboston.org
Mission Statement of Women's Foundation Of Boston Inc
The Women's Foundation of Boston, Inc. is an organization committed to the economic advancement and financial independence of women and girls in the greater Boston area. Their mission is to empower these individuals by creating and funding high-impact leadership and economic programs in partnership with nonprofits that exclusively serve women and girls. The foundation aims to become the primary vehicle for investing in women and girls in the greater Boston area, and is building a growing network of female nonprofit and business leaders.
The Women's Foundation of Boston, Inc. awards high-impact grants to nonprofits that economically empower women and girls in the greater Boston area. These grants typically range from $10,000 to $50,000 annually for one to five years, and target new programs or new groups served by the expansion of existing programs. The grants have a transformative effect on the grantee nonprofits and their beneficiaries. During the year ended December 31, 2022, the foundation awarded grants totaling $1.27 million to 22 organizations whose missions align with its focus areas.
In terms of economic empowerment, the foundation funds programs in financial literacy, salary negotiation, job training, and more. In the realm of education, the foundation supports initiatives that inspire and equip women and girls to expand their educational and professional opportunities, particularly in higher-paying fields like STEM where they are underrepresented. When it comes to leadership, the foundation creates and funds programs that build confidence and character, encourage exploration, forge mentorships and networks, and expand opportunities at all ages. The foundation also promotes female nonprofit leadership in the greater Boston area through its Young Women's Leadership Program and Women in Nonprofit Network.
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Impact
July, 2024
Women's Foundation Of Boston Inc's impact is focused on economically empowering women and girls in the Greater Boston area by creating, funding, and accelerating high-impact economic and leadership programs. Through grants totaling $1.27 million awarded to 22 organizations in alignment with their mission, Women's Foundation Of Boston Inc is investing in programs that promote financial independence, education, and leadership development.
Specifically, Women's Foundation Of Boston Inc funds initiatives in financial literacy, salary negotiation, job training, education, and enrichment to inspire and equip women and girls to expand their educational and professional opportunities. Additionally, they support leadership programs that build confidence, encourage exploration, forge mentorships and networks, and expand opportunities for female leaders at all stages of life.
By focusing on economic advancement, leadership development, and financial independence, Women's Foundation Of Boston Inc is playing a vital role in empowering women and girls in the Greater Boston area to thrive and succeed.
This information is meant to be a general summary of Women's Foundation Of Boston 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 2024.
- Investment Income: $519,012
- Gross Receipts: $10,713,903
Assets and Liabilities:
- Total Assets: $9,284,188
- Total Liabilities: $86,193
- Net Assets: $9,197,995
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Organization Details
Founding Year
2017
Principal Officer
Rosalina Feliciano
Website
www.wfboston.orgNTEE Category
Code: T31 - Philanthropy
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