Overview
What is Network Of Executive Women In Hospitality Inc - National?
Network of Executive Women in Hospitality Inc - National, abbreviated as NEWH, is a distinguished organization dedicated to the hospitality industry. Situated nationally, its primary purpose is to foster networking, offering scholarships, educational resources, leadership development, and recognition for excellence. Furthermore, it provides business development opportunities, thereby empowering women in the hospitality sector. NEWH's mission is multifaceted, encompassing scholarships, education, leadership development, recognition, and business growth.
Official website here: www.newh@newh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Network of Executive Women in Hospitality Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are several areas where the organization can enhance its operations. With an overall score of 68%, the nonprofit demonstrates a strong commitment to governance, as evidenced by having a fully independent board of directors. However, the organization struggles with several financial reporting practices, which has negatively impacted its accountability assessment.
While the organization maintains a low liabilities-to-assets ratio, reflecting financial stability, it lacks comprehensive policies concerning whistleblower protections and document retention. These deficiencies highlight areas where the organization could improve transparency and governance practices. Additionally, financial statements are only reviewed or compiled, which limits the level of scrutiny applied to its financial health.
Despite these challenges, the Network of Executive Women in Hospitality Inc shows promise through its program expense ratio of 65.61%, indicating a majority of funds are directed towards its programs. Addressing the noted limitations could enhance its overall effectiveness and reputation within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Network Of Executive Women In Hospitality Inc - National legitimate?
Network Of Executive Women In Hospitality Inc - National is a legitimate nonprofit organization registered as a 501(c)(3) entity. Network Of Executive Women In Hospitality Inc - National 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: $691,760
For more financial information, click here
Official website here: www.newh@newh.org
What is the mission statement of Network Of Executive Women In Hospitality Inc - National?
Network of Executive Women in Hospitality Inc - National, often referred to as NEWH, serves as a prominent networking platform within the hospitality industry. Its primary mission is to foster the education and professional development of women in this field. The organization offers various resources, such as scholarships, educational programs, leadership training, and recognition of excellence, to support the career growth of women in hospitality. Additionally, NEWH provides opportunities for business development, helping its members expand their networks and advance in their careers.
Official website here: www.newh@newh.org
Who is the CEO of Network Of Executive Women In Hospitality Inc - National?
Shelia Lohmiller is the Board Member of Network Of Executive Women In Hospitality Inc - National.
Official website here: www.newh@newh.org
What is the revenue of Network Of Executive Women In Hospitality Inc - National?
Network Of Executive Women In Hospitality Inc - National's revenue in 2022 was $2,659,074.
Official website here: www.newh@newh.org
Who are the executives of Network Of Executive Women In Hospitality Inc - National and what are their salaries?
The average compensation at Network Of Executive Women In Hospitality Inc - National during 2022 was $53,212. There are 13 employees and 6143 volunteers at Network Of Executive Women In Hospitality Inc - National.
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Official website here: www.newh@newh.org
Where can I find the form 990 for Network Of Executive Women In Hospitality Inc - National?
Network Of Executive Women In Hospitality Inc - National's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newh@newh.org
Learn more at the official website: www.newh@newh.org
Mission Statement of Network Of Executive Women In Hospitality Inc - National
The Network of Executive Women in Hospitality Inc - National is committed to uplifting women in the hospitality industry. Their primary mission is to serve as an invaluable networking resource, offering various opportunities for personal growth, education, leadership development, recognition, and business advancement. This nonprofit organization is dedicated to empowering women in the hospitality sector, providing them with scholarships, training programs, and recognition awards to foster their professional development. The ultimate goal of Network of Executive Women in Hospitality Inc - National is to enhance the career prospects and elevate the status of women within the hospitality industry.
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Impact
July, 2024
Network Of Executive Women In Hospitality Inc - National's impact lies in its commitment to the education and development of women in the hospitality industry. By providing scholarships, education programs, leadership development initiatives, and networking opportunities, NEWH plays a crucial role in empowering and advancing women in this sector. Through its efforts, NEWH not only fosters individual growth and excellence but also contributes to the overall improvement of the hospitality community.
This information is meant to be a general summary of Network Of Executive Women In Hospitality Inc - National. 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: $2,689
- Program Service Revenue: $1,426,859
- Gross Receipts: $2,707,270
Assets and Liabilities:
- Total Assets: $2,892,123
- Total Liabilities: $83,053
- Net Assets: $2,809,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,020,242
DUES
Revenue
$232,024
NEWSLETTER, MAGAZINE, WEBSITE
Revenue
$174,593
Organization Details
Founding Year
1984
Phone
(715) 526-5267Principal Officer
Shelia Lohmiller
Main Address
PO BOX 322, SHAWANO, WI, 54166
Website
www.newh@newh.orgNTEE Category
Code: S41Z - Community improvement
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