Overview
What is Women's World Banking Inc?
Women's World Banking Inc is a New York-based nonprofit organization with a mission to enhance the economic assets, participation, and power of low-income women and their households. Through rigorous research and collaboration with critical partners, they identify and overcome barriers to financial inclusion for underbanked women. Their primary programming is centered around developing market-driven financial solutions, with a focus on key markets where women face significant challenges in accessing financial services. Women's World Banking works closely with policymakers, regulators, and financial service providers to create policy strategies and commercially-viable solutions, all with the goal of helping women access the financial tools they need to improve their economic situation. The organization's workforce consists of 101 dedicated employees.
Official website here: www.womensworldbanking.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
Women's World Banking Inc has achieved an impressive overall score of 99% from Charity Navigator, reflecting its strong commitment to accountability and financial management. The organization has secured perfect scores in several categories, including Accountability & Finance, Culture & Community, and Leadership & Adaptability, indicating a robust governance structure and effective oversight mechanisms. With a fully independent board and no reported material diversions of assets, the nonprofit demonstrates transparency and integrity in its operations.
The financial health of Women's World Banking is also commendable, with a program expense ratio of 76.73%, suggesting that the majority of its expenditures are directed towards its mission-driven activities. Additionally, the organization exhibits excellent fundraising efficiency, with just $0.19 spent on fundraising for every dollar raised. This efficient use of resources allows for greater investment in programs aimed at empowering women through financial inclusion.
While the data reflects a highly effective organization, it is essential to note that continued monitoring of its impact and outcomes is necessary to ensure sustainability and adaptation to changing needs. Feedback collection and usage are rated at 100%, showcasing the organization's commitment to listening to stakeholders and improving its services based on their input. Overall, Women's World Banking Inc stands out as a leading nonprofit in the sector, prioritizing financial health, governance, and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Women's World Banking Inc legitimate?
Women's World Banking Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's World Banking 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: $3,930,131
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,090,839
For more financial information, click here
Official website here: www.womensworldbanking.org
What is the mission statement of Women's World Banking Inc?
Women's World Banking Inc strives to expand the economic assets and power of low-income women and their households by helping them access financial services, knowledge, and markets. The organization's mission is focused on addressing the barriers to financial inclusion that women face, particularly in key markets. By collaborating with critical partners such as policymakers, regulators, and financial service providers, Women's World Banking develops policy strategies and commercially-viable solutions to bring financial services to underbanked women. Their work aims to empower women and improve their economic participation. The organization's programs prioritize developing market-driven financial solutions to promote financial inclusion for women.
Official website here: www.womensworldbanking.org
Who is the CEO of Women's World Banking Inc?
Mary Ellen Iskenderian is the President And Ceo of Women's World Banking Inc. The CEO's salary of Women's World Banking Inc is $488,052 and their total compensation is $504,927.
Official website here: www.womensworldbanking.org
What is the revenue of Women's World Banking Inc?
Women's World Banking Inc's revenue in 2022 was $13,414,983.
Official website here: www.womensworldbanking.org
Who are the executives of Women's World Banking Inc and what are their salaries?
The average compensation at Women's World Banking Inc during 2022 was $109,119. There are 101 employees and 25 volunteers at Women's World Banking Inc.
Here are 27 key members and their salaries (Women's World Banking Inc's CEO's salary is $488,052 and their total compensation is $504,927):
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- Compensation: $237,379
- Related: $0
- Other: $58,958
- Compensation: $488,052
- Related: $0
- Other: $16,875
- Compensation: $375,305
- Related: $0
- Other: $60,373
- Compensation: $218,986
- Related: $0
- Other: $55,878
- Compensation: $199,796
- Related: $0
- Other: $13,140
- Compensation: $210,049
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- Other: $21,737
- Compensation: $222,592
- Related: $0
- Other: $27,837
- Compensation: $214,476
- Related: $0
- Other: $15,582
- Compensation: $259,405
- Related: $0
- Other: $24,515
- Compensation: $268,226
- Related: $0
- Other: $59,006
- Compensation: $302,612
- Related: $0
- Other: $31,351
- Compensation: $256,875
- Related: $0
- Other: $13,732
- Compensation: $171,306
- Related: $0
- Other: $40,206
- Compensation: $188,523
- Related: $0
- Other: $54,847
- Compensation: $170,689
- Related: $0
- Other: $53,656
- Compensation: $181,215
- Related: $0
- Other: $52,639
- Compensation: $193,786
- Related: $0
- Other: $34,848
Official website here: www.womensworldbanking.org
Where can I find the form 990 for Women's World Banking Inc?
Women's World Banking Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.womensworldbanking.org
Learn more at the official website: www.womensworldbanking.org
Mission Statement of Women's World Banking Inc
Women's World Banking Inc is a mission-driven organization dedicated to expanding the economic assets and power of low-income women and their households. By helping these women access financial services, knowledge, and markets, the organization aims to improve their economic circumstances.
Women's World Banking's primary programming revolves around three focus areas. In the first area, the organization identifies barriers to financial inclusion for women and collaborates with key partners in priority markets. These partnerships include policymakers, regulators, and financial service providers. Together, they develop policy strategies and commercially-viable solutions to bring financial services to underbanked women.
In the second focus area, Women's World Banking leverages rigorous research and intelligence to understand market needs and design financial solutions tailored to women's unique economic realities. By addressing the specific financial needs of low-income women, the organization empowers them to gain control over their financial situation and build a more secure future.
Women's World Banking's efforts extend beyond financial inclusion. The organization also provides critical knowledge and access to markets, enabling women to make informed decisions and seize opportunities for economic growth. Through these programs, Women's World Banking is making a significant impact on the lives of low-income women, helping them to achieve greater economic security and independence.
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Impact
October, 2024
Women's World Banking Inc. significantly impacts the financial landscape for low-income women by addressing barriers to their financial inclusion. Through rigorous research and market intelligence, the organization identifies challenges that underbanked women face in accessing financial services. By collaborating with key stakeholders such as policymakers, regulators, and financial service providers, Women's World Banking develops targeted policy strategies and commercially viable solutions that cater to the specific needs of these women.
The focus on expanding economic assets, participation, and power enables women to gain access to essential financial tools, knowledge, and market opportunities. This empowerment leads to improved economic stability for women and their households, promoting greater financial independence and enhancing their overall quality of life. By breaking down the barriers to financial inclusion and fostering sustainable solutions, Women's World Banking plays a crucial role in transforming the economic landscape for women globally.
This information is meant to be a general summary of Women's World Banking 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.
- Investment Income: $369,062
- Program Service Revenue: $3,234,577
- Gross Receipts: $24,566,819
Assets and Liabilities:
- Total Assets: $39,438,414
- Total Liabilities: $4,933,174
- Net Assets: $34,505,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICE
Revenue
$3,038,220
WORKSHOP FEES
Revenue
$112,000
MEMBERSHIP DUES
Revenue
$84,357
Organization Details
Founding Year
2017
Phone
(212) 768-8513Principal Officer
Mary Ellen Iskenderian
Main Address
122 EAST 42ND STREET 42ND FLOOR, NEW YORK, NY, 10168
Website
www.womensworldbanking.orgNTEE Category
Code: Q30 - International
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