Overview
What is Female Founder Collective Inc?
Female Founder Collective Inc, based in Brooklyn, New York, is a nonprofit organization dedicated to empowering women in business. Their mission is to enhance women's market access, thereby boosting revenues for women-owned businesses (WOBs), ultimately benefiting families and communities. They achieve this through various initiatives. These include developing joint marketing and public awareness campaigns for WOBs, offering networking opportunities and mentorship to start-ups, identifying educational opportunities for female business leaders, and supporting women-focused community needs. The organization also determines incentives to encourage and promote women in the workforce. With a small team of two individuals, Female Founder Collective Inc is committed to uplifting women's financial viability and leadership in community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating
Female Founder Collective Inc has received a low rating of 50%, indicating significant concerns regarding its accountability and financial practices. The organization has not demonstrated a commitment to transparency, as evidenced by the lack of independent board members and missing key policies such as conflict of interest and whistleblower policies. Additionally, the absence of critical documents on its website raises issues regarding its governance practices.
Despite these weaknesses, the organization appears to allocate a high percentage of its expenses towards programs, with a program expense ratio of 89.91%. This suggests that when funds are spent, they are primarily directed towards fulfilling the nonprofit's mission. However, the lack of transparency and oversight could undermine donor confidence and hinder potential partnerships.
In summary, while Female Founder Collective Inc shows promise in its programmatic spending, its governance practices and accountability measures are areas of concern that need to be addressed to improve its overall rating and effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Female Founder Collective Inc legitimate?
Female Founder Collective Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Female Founder Collective 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Female Founder Collective Inc?
The mission of Female Founder Collective Inc is centered around empowering women across various socio-economic levels. Their primary objective is to boost awareness of Women-Owned Businesses (WOBs) and enhance their market access, ultimately aiming to increase their share of overall sales revenue.
The collective also supports the growth and expansion of WOBs, creating opportunities for more female entrepreneurs. They strive to enhance women's financial viability across the spectrum and leverage women's leadership in economic development.
Female Founder Collective provides networking opportunities for WOBs and female business leaders, offers mentorship to start-up WOBs, and identifies training and educational opportunities for female business leaders. They also support women-focused community needs and determine incentives to promote women in their work.
Who is the CEO of Female Founder Collective Inc?
Rebecca Minkoff is the President of Female Founder Collective Inc.
What is the revenue of Female Founder Collective Inc?
Female Founder Collective Inc's revenue in 2022 was $170,000.
Who are the executives of Female Founder Collective Inc and what are their salaries?
The average compensation at Female Founder Collective Inc during 2022 was $60,000. There are 2 employees at Female Founder Collective Inc.
Here are 3 key members and their salaries:
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Female Founder Collective Inc?
Female Founder Collective Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Female Founder Collective Inc
Female Founder Collective Inc is dedicated to enhancing women's economic prospects by boosting the visibility and market access of Women-Owned Businesses (WOBs). Their mission is to amplify the revenues of WOBs, thereby benefiting their families and communities. To achieve this goal, Female Founder Collective Inc undertakes various initiatives. They develop and implement joint marketing and public awareness campaigns for WOBs to broaden their market reach. The organization also facilitates networking opportunities for WOBs and female business leaders, fostering connections and potential collaborations.
Female Founder Collective Inc extends its support beyond marketing and networking. They offer mentorship to start-up WOBs, providing guidance and wisdom from experienced female entrepreneurs. The collective identifies and advocates for training and educational opportunities for female business leaders, enabling them to hone their skills and knowledge. Moreover, they support women-focused community needs, with WOBs taking on issues such as women's health and gender violence reduction. Female Founder Collective Inc also explores incentives for eligible businesses to motivate and promote women in their professional endeavors, potentially through publicity or tax credits.
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Impact
October, 2024
Female Founder Collective Inc significantly impacts the landscape for women-owned businesses (WOBs) by harnessing resources to empower women across all socio-economic levels. The organization's mission focuses on increasing access to markets for WOBs, which in turn boosts their revenues, benefiting families and communities as a whole.
Key objectives include building awareness of WOBs and expanding their market access to enhance overall sales revenue. By providing networking opportunities for female business leaders and mentorship for start-up WOBs, the Collective fosters an environment conducive to growth and expansion.
Additionally, Female Founder Collective identifies critical training and educational opportunities that enhance the skills and capacities of female entrepreneurs. Their commitment to supporting women-focused community needs aligns with broader social issues, such as women's health and reducing gender violence.
Through joint marketing campaigns, incentives, and community engagement, Female Founder Collective plays a vital role in not just advancing women's financial viability but also leveraging their leadership for economic development within communities. The organization's multifaceted approach creates lasting change and empowers a new generation of female founders.
This information is meant to be a general summary of Female Founder Collective 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: $170,000
Assets and Liabilities:
- Total Assets: $665,341
- Total Liabilities: $12,900
- Net Assets: $652,441
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Organization Details
Founding Year
2019
Phone
(727) 641-8351Principal Officer
Rebecca Minkoff
Main Address
1 Main Street 2D, Brooklyn, NY, 11201
NTEE Category
Code: S81 - Community improvement
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