2024-11-15T19:30:08-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-01-01 133098501 WOMEN'S FORUM OF NEW YORK INC WOME 2124479107 59 EAST 54TH STREET 81 NEW YORK NY 10022 ANIK LAPOINTE TREASURER 2124479107 2024-11-15 1 1 GARRETT M HIGGINS P00543209 9143818900 2024-11-07 2023 2024-10-15 13:58:12Z SUZY E BROWN 59 EAST 54TH STREET 81 NEW YORK NY 10022 2894541 0 X N/A X 1981 NY WOMEN'S FORUM OF NEW YORK, INC. MOST SIGNIFICANT PROGRAMS ARE:1. THE SCHOLARS PROGRAM (FORMERLY REFERRED TO AS THE FELLOWS PROGRAM) WHICH PROVIDES FINANCIAL AWARDS TO WOMEN 35 AND OVER WHO HAVE DEMONSTRATED HIGH POTENTIAL, BUT WHOSE EDUCATION AND LIFE PATH HAVE BEEN DISRUPTED BY EXTREME ADVERSITY. THESE WOMEN FREQUENTLY FALL OUTSIDE THE SCOPE OF TRADITIONAL SCHOLARSHIP PROGRAMS AND OUR AWARDS HELP THEM COMPLETE THEIR EDUCATION AND GET THEIR LIVES BACK ON TRACK. OVER 30 YEARS, THE WOMEN'S FORUM OF NEW YORK HAS RAISED MONEY THROUGH MEMBER DONATIONS AND OUR ANNUAL FUNDRAISER, THE ELLY AWARDS, ENABLING US TO HELP OVER 280 WOMEN REGAIN THEIR SELF-ESTEEM, RELAUNCH THEIR LIVES AND BECOME ROLE MODELS FOR THEIR FAMILIES. 2. THE CORPORATE BOARD INITIATIVE WHICH ADVANCES WOMEN'S LEADERSHIP ON CORPORATE BOARDS THROUGH EDUCATION AND OUTREACH. 19 19 5 119 0 0 424150 578970 0 967151 -20291 60303 -179116 6139 224743 1612563 195000 195000 0 0 0 596256 0 0 158848 451309 1188499 646309 1979755 -421566 -367192 3122350 3173459 725660 970487 2396690 2202972 X THE WOMEN'S FORUM OF NEW YORK IS THE CITY'S PREMIER ORGANIZATION OF WOMEN LEADERS. THE MEMBERSHIP OF MORE THAN 500 WOMEN REPRESENTS THE HIGHEST LEVELS OF ACHIEVEMENT ACROSS ALL PROFESSIONAL SECTORS FROM FINANCE TO FINE ARTS.STARTED IN 1974, THE WOMEN'S FORUM OF NEW YORK IS THE FOUNDING FLAGSHIP OF THE INTERNATIONAL WOMEN'S FORUM, A GLOBAL ORGANIZATION OF OVER 8,000 OUTSTANDING WOMEN LEADERS IN OVER 76 FORUMS AROUND THE WORLD.THE WOMEN'S FORUM OF NEW YORK IS DEDICATED TO THE ADVANCEMENT OF WOMEN'S LEADERSHIP THROUGH PROGRAMS THAT ENRICH MEMBERS' LIVES PERSONALLY AND PROFESSIONALLY; THROUGH THE EDUCATION FUND WHICH ENABLES WOMEN WHOSE POTENTIAL HAS BEEN DERAILED BY ADVERSITY TO RESUME THEIR EDUCATION, AND THROUGH THE CORPORATE BOARD INITIATIVE WHICH EXTENDS AND EXPANDS THE CONTRIBUTION OF WOMEN LEADERS THROUGH BOARD PARTICIPATION. 0 0 760590 725175 CORPORATE BOARD INITIATIVE - SEE SCHEDULE O.THE CORPORATE BOARD INITIATIVE WAS LAUNCHED TO ACCELERATE THE ADVANCEMENT OF WOMEN ON CORPORATE BOARDS ACROSS ALL INDUSTRY SECTORS. OUR STRATEGY REFLECTS OUR BELIEF THAT CHANGE HAPPENS MORE QUICKLY WHEN IT'S DRIVEN FROM THE TOP. OUR INITIATIVE FOCUSES ON THE GAME-CHANGES: CEOS, CHAIRMEN, NOM/GOV CHAIRS AND DIRECTORS WHO CAN TRULY ACCELERATE THE ADVANCEMENT OF WOMEN ON BOARDS. THE WOMEN'S FORUM OF NEW YORK, INC. HOLDS A BIENNIAL EVENT HONORING COMPANIES THAT ARE LEADING THE WAY TO GENDER BALANCE ON CORPORATE BOARDS: THE BREAKFAST OF CORPORATE CHAMPIONS. A BIENNIAL EVENT WAS HELD IN NOVEMBER 2023. THE WOMEN'S FORUM OF NEW YORK, INC. OFFERS WOMEN THE OPPORTUNITY TO BE LISTED IN THE CEO-SPONSORED DATABASE, HOSTED IN PARTNERSHIP WITH EQUILAR, AVAILABLE TO SEARCH FIRMS AND BOARDS LOOKING FOR FEMALE CANDIDATES. THE WOMEN'S FORUM OF NEW YORK, INC. OFFERS PROGRAMS TO MEMBERS TO EDUCATE AND ASSIST THEM IN OBTAINING CORPORATE BOARD SEATS. 349433 241976 MEMBERSHIP PROGRAMMING - SEE SCHEDULE O. 331573 195000 SCHOLARS PROGRAM - SEE SCHEDULE O.WOMEN'S FORUM OF NEW YORK, INC. PROVIDES 20 ANNUAL FINANCIAL AWARDS TO SUPPORT MATURE WOMEN, AGE 35 AND OVER, WHOSE LIVES HAVE BEEN DISRUPTED BY EXTREME ADVERSITY, WHO ARE RESUMING THEIR EDUCATION. THE AWARD RECOGNIZES EXTRAORDINARY EFFORTS IN OVERCOMING ADVERSITY AND RESTRUCTURING LIVES FOR SUCCESS. SINCE 1987 THE RECIPIENTS OF THESE AWARDS HAVE INSPIRED OTHERS BY RISING ABOVE THEIR CHALLENGES, OBTAINING THEIR COLLEGE DEGREES, AND TAKING THEIR PLACE IN THE PROFESSIONAL WORK WORLD. MANY RECIPIENTS PURSUE GRADUATE STUDIES, AND OUR ALUMNAE RANGE FROM DOCTORS TO DANCERS WHO GIVE BACK TO THEIR COMMUNITIES AND WHOSE CHILDREN OFTEN GO ON TO GET THEIR COLLEGE DEGREES. THE AWARDS ARE ANNOUNCED IN JUNE OF EACH YEAR AND IN 2023 THE WOMEN'S FORUM OF NEW YORK, INC. DISTRIBUTED FINANCIAL AWARDS OF $10,000 EACH TO 20 WOMEN. 1441596 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 5 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X SUZY E BROWN 2124479107 59 EAST 54TH STREET 81 NEW YORK NY 10022 PAMELA J CRAIG PRESIDENT 5.00 X X 0 0 0 STEPHANIE MEHTA VICE PRESIDENT 5.00 X X 0 0 0 SHERRY WILLIAMS TREASURER 5.00 X X 0 0 0 SUSAN ROBINSON SECRETARY 5.00 X X 0 0 0 CAMILLE ASARO DIRECTOR 1.00 X 0 0 0 FELICE FORER AXELROD DIRECTOR 5.00 X 0 0 0 CARRIE REBORA BARRATT DIRECTOR 5.00 X 0 0 0 JEANNE KWONG BICKFORD DIRECTOR 1.00 X 0 0 0 LAURA CLAYTON-MCDONNELL DIRECTOR, THRU 1/24/23 1.00 X 0 0 0 HEATHER DIETRICK DIRECTOR, THRU 1/24/23 1.00 X 0 0 0 PAIGE EVANS DIRECTOR, THRU 1/24/23 1.00 X 0 0 0 DAISEY HOLMES DIRECTOR 1.00 X 0 0 0 COURTNEY KELSO DIRECTOR, THRU 1/24/23 1.00 X 0 0 0 ELIZABETH NIETO DIRECTOR 1.00 X 0 0 0 DONNA PALUMBO-MIELE DIRECTOR 1.00 X 0 0 0 LOUISE PENNINGTON DIRECTOR 1.00 X 0 0 0 JESSICA L PORTER DIRECTOR 5.00 X 0 0 0 JOCELYNNE RAINEY DIRECTOR 5.00 X 0 0 0 XAN RASKIN DIRECTOR 1.00 X 0 0 0 SAPNA SHAH DIRECTOR 1.00 X 0 0 0 BONITA STEWART DIRECTOR, THRU 1/24/23 1.00 X 0 0 0 BARBARA VAN ALLEN DIRECTOR, THRU 1/24/23 1.00 X 0 0 0 ILENE WACHS DIRECTOR 1.00 X 0 0 0 MELINDA WHITE DIRECTOR 1.00 X 0 0 0 G ELAINE WOOD DIRECTOR 5.00 X 0 0 0 SUZY E BROWN EXECUTIVE DIRECTOR 20.00 X 220176 0 31444 220176 0 31444 1 0 1 0 RAIOLA COMPANY INC 1201 BROADWAY SUITE 511 NEW YORK NY 10001 AUDIO VISUAL SERVICES 263295 INTERNATIONAL WOMEN'S FORUM 1155 15TH STREET NW SUITE 1000 WASHINGTON DC 20005 DUES/ANNUAL CONFERENCE SERVICES 128453 CIPRIANI 110 EAST 42ND STREET NEW YORK NY 10017 HOSPITALITY SERVICES 106648 3 433500 83470 62000 578970 CORP. BOARD INITIATIVE PRGM EVENT 900099 725175 725175 MEMBERSHIP DUES 611430 176500 176500 PROGRAM EVENT FEES 813920 65476 65476 967151 62530 62530 1032400 1034627 -2227 -2227 -2227 253490 83470 247351 6139 6139 1612563 967151 0 66442 195000 195000 251620 201296 25162 25162 277626 161392 54831 61403 10083 5399 2198 2486 21063 11883 4321 4859 35864 24318 5536 6010 18289 18289 59500 59500 3750 3750 54262 28677 13842 11743 62781 49600 13181 78089 20648 52722 4719 72053 8531 60215 3307 84488 57287 13043 14158 33446 14108 18579 759 92751 92751 6181 6181 2527 2527 PROGRAM EXPENSES 566985 562594 986 3405 BAD DEBT EXPENSE 33798 33798 MISCELLANEOUS EXPENSES 17460 6608 3556 7296 EVENT SUPPLIES AND OTHE 1864 1504 360 275 275 1979755 1441596 379311 158848 982366 346754 28708 517738 31318 131968 68498 38697 191990 191990 6181 0 1821537 2033533 183742 104769 3122350 3173459 93803 104004 452500 775500 179357 90983 725660 970487 X 2396690 2202972 2396690 2202972 3122350 3173459 -367192 173474 0 X X 0 1 X 1 0 X 1513527 972072 1343450 424150 578970 4832169 1513527 972072 1343450 424150 578970 4832169 792920 4039249 31733 27206 30772 33467 62530 185708 6139 6139 5024016 1115716 0.80400 0.79990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57548 57548 0 134442 134442 0 0 OPERATING LEASE LIABILITY 90983 90983 X 1806037 173474 20000 193474 1612563 0 1612563 1999755 20000 20000 1979755 0 1979755 PART X, LINE 2: THE WOMEN'S FORUM OF NEW YORK RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE WOMEN'S FORUM OF NEW YORK HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE WOMEN'S FORUM OF NEW YORK IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. ELLY AWARDS 336960 83470 253490 85083 79683 82585 336960 83470 253490 85083 79683 82585 247351 6139 1 EDUCATIONAL AWARDS 39 195000 PART I, LINE 2: ON AN ANNUAL BASIS THE WOMEN'S FORUM OF NEW YORK, INC. GRANTS EDUCATIONAL FINANCIAL AWARDS OF $10,000 EACH TO A SELECT NUMBER OF WOMEN WHO HAVE APPLIED FOR, MET THE CRITERIA FOR, AND BEEN SELECTED. THERE IS A FORMAL APPLICATION THAT MUST BE COMPLETED, AND THE AWARDS COMMITTEE MAKES THE FINAL DETERMINATION AS TO WHO WILL RECEIVE THE FINANCIAL AWARDS. THE AWARDS ARE ANNOUNCED IN JUNE AND THE FIRST OF TWO INSTALLMENT PAYMENTS IS PAID BY EARLY JULY OF THE SAME YEAR. THE SECOND INSTALLMENT IS USUALLY PAID IN JANUARY OF THE YEAR FOLLOWING THE AWARD ANNOUNCEMENT, PENDING RECIPIENTS' COMPLETION OF THE REQUIRED ADDITIONAL CREDITS. IN 2023, THE SECOND INSTALLMENT FOR THE PRIOR YEAR'S RECIPIENTS WAS PAID IN JANUARY 2023 AND THE FIRST INSTALLMENT FOR THE CURRENT YEAR'S RECIPIENTS WAS PAID IN JUNE 2023. X 1 1 X X 0 0 0 0 0 0 0 0 0 SUZY E BROWN EXECUTIVE DIRECTOR 220176 0 0 0 0 0 11789 0 19655 0 251620 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED FIRST-CLASS TRAVEL FOR PAMELA CRAIG, PRESIDENT IN THE AMOUNT OF $564. THIS AMOUNT WAS TAXABLE. FORM 990, PART I, LINE 1 WOMEN'S FORUM OF NEW YORK, INC. MOST SIGNIFICANT PROGRAMS ARE: 1. THE SCHOLARS PROGRAM (FORMERLY THE FELLOWS PROGRAM) PROVIDES FINANCIAL AWARDS TO WOMEN 35 AND OVER WHO HAVE DEMONSTRATED HIGH POTENTIAL, BUT WHOSE EDUCATION AND LIFE PATH HAVE BEEN DISRUPTED BY EXTREME ADVERSITY. THESE AWARDS HELP THEM COMPLETE THEIR EDUCATION AND GET THEIR LIVES BACK ON TRACK. SINCE 1987, THE WOMEN'S FORUM OF NEW YORK HAS RAISED MONEY THROUGH MEMBER DONATIONS AND OUR ANNUAL FUNDRAISER, THE ELLY AWARDS, ENABLING US TO HELP 335 WOMEN REGAIN THEIR SELF-ESTEEM, RELAUNCH THEIR LIVES, AND BECOME ROLE MODELS FOR THEIR FAMILIES. 2. THE CORPORATE BOARD INITIATIVE ADVANCES WOMEN'S LEADERSHIP ON CORPORATE BOARDS THROUGH EDUCATION AND OUTREACH; BY HOSTING A BIENNIAL EVENT: THE BREAKFAST OF CORPORATE CHAMPIONS, AND BY OFFERING ACCESS TO A CEO-SPONSORED DATABASE. 3. PROGRAMS ARE OFFERED THROUGHOUT THE YEAR TO PROVIDE MEMBERS (AND GUESTS) WITH UNIQUE EXPERIENCES THAT ENRICH THEIR LIVES PERSONALLY AND PROFESSIONALLY. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS TO UPDATED ITS NAME TO WOMEN'S FORUM OF NEW YORK, INC. FORM 990, PART VI, SECTION B, LINE 11B WOMEN'S FORUM OF NEW YORK, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, IT IS REVIEWED BY THE WOMEN'S FORUM OF NEW YORK, INC. BOARD TREASURER AND THE EXECUTIVE DIRECTOR OF THE WOMEN'S FORUM OF NEW YORK, INC. WITH THE OUTSIDE ACCOUNTING FIRM. ONCE IT IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE (IRS), THE FORM 990 IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C WOMEN'S FORUM OF NEW YORK, INC. HAS A CONFLICT OF INTEREST POLICY. A CONFLICT OF INTEREST STATEMENT IS COMPLETED ANNUALLY BY DIRECTORS AND OFFICERS. WOMEN'S FORUM OF NEW YORK, INC. IS AWARE THAT ACQUIRING GOODS OR SERVICES FROM, OR ENGAGING IN TRANSACTIONS WITH, ITS OFFICERS, DIRECTORS, MEMBERS OF THEIR FAMILIES OR ENTITIES IN WHICH THEY HAVE A FINANCIAL INTEREST OR WITH WHICH THEY ARE AFFILIATED (SUCH PERSONS AND ENTITIES ARE REFERRED TO COLLECTIVELY AS "INTERESTED PARTIES") MAY CREATE AN APPEARANCE OF IMPROPRIETY. IN ORDER TO PROTECT THE WOMEN'S FORUM OF NEW YORK, INC. ANY IMPROPER APPEARANCE, THE WOMEN'S FORUM OF NEW YORK, INC. WILL RESTRICT ITS BUSINESS DEALINGS WITH INTERESTED PARTIES AS FOLLOWS: (A) WOMEN'S FORUM OF NEW YORK, INC. MAY ACQUIRE GOODS OR SERVICES FROM, OR OTHERWISE TRANSACT BUSINESS WITH, AN INTERESTED PARTY IF THE BOARD DETERMINES IN ITS JUDGMENT THAT THE GOODS OR SERVICES PROVIDED TO THE WOMEN'S FORUM OF NEW YORK, INC. ARE, OR THE TRANSACTION IS, ON TERMS NO LESS ADVANTAGEOUS TO THE WOMEN'S FORUM OF NEW YORK, INC. THAN THE TERMS THAT ARE AVAILABLE TO THE WOMEN'S FORUM OF NEW YORK, INC. FROM THIRD PARTIES. IF AN INTERESTED PARTY OFFERS TERMS WHICH ARE AS ADVANTAGEOUS TO THE WOMEN'S FORUM OF NEW YORK, INC. AS TERMS OFFERED BY ANOTHER VENDOR, THE WOMEN'S FORUM OF NEW YORK, INC. MAY, BUT SHALL NOT BE REQUIRED TO, CONSIDER OTHER BENEFITS DERIVED BY IT FROM THE INTERESTED PARTY (E.G. PAST OR ANTICIPATED SERVICES RENDERED OR FINANCIAL SUPPORT) IN SELECTING BETWEEN OTHERWISE EQUALLY DESIRABLE VENDORS. (B) WHENEVER THE WOMEN'S FORUM OF NEW YORK, INC. IS CONSIDERING ACQUIRING GOODS OR SERVICES FROM, OR ENTERING INTO A TRANSACTION WITH, AN INTERESTED PARTY, THE DETAILS THAT CREATE THE INTERESTED PARTY RELATIONSHIP SHALL BE DISCLOSED TO THE WOMEN'S FORUM OF NEW YORK, INC. IN WRITING. A COPY OF THE DISCLOSURE SHALL BE SUPPLIED TO THE BOARD. (C) THE WOMEN'S FORUM OF NEW YORK, INC. SHALL ENTER INTO A TRANSACTION WITH AN INTERESTED PARTY ) AN "INTERESTED PARTY TRANSACTION") ONLY IF THE BOARD IS MADE AWARE OF THE INFORMATION REFERRED TO IN SECTION 1 (B) OF THIS POLICY AND THE MAJORITY OF THE DIRECTORS THEN SERVING APPROVE THE TRANSACTION AS BEING FAIR AND IN THE BEST INTERESTS OF THE WOMEN'S FORUM OF NEW YORK, INC. FOR PURPOSES OF THE PRECEDING SENTENCE, ANY DIRECTOR WHO IS (OR HAS AN INTEREST IN OR IS RELATED TO) THE INTERESTED PARTY THAT IS A PARTY TO A PROPOSED TRANSACTION SHALL NOT BE CONSIDERED A DIRECTOR (INCLUDING, WITHOUT LIMITATION, FOR THE PURPOSE OF DETERMINING A QUORUM), SHALL NOT PARTICIPATE IN THE VOTE ON THE TRANSACTION, AND SHALL NOT ATTEND ANY MEETING WHILE THE APPROVAL OF THE TRANSACTION IS CONSIDERED. NOT WITHSTANDING THE FOREGOING, HOWEVER, PRIOR APPROVAL OF THE BOARD OF DIRECTORS SHALL NOT BE REQUIRED IF THE TRANSACTION FALLS BELOW A DE MINIMIS THRESHOLD ESTABLISHED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD PRESIDENT AND TREASURER. IN 2019, THE COMPENSATION DETERMINATION WAS MADE UTILIZING COMPARABILITY DATA FROM OTHER SIMILARLY SITUATED NOT-FOR-PROFIT MEMBERSHIP ORGANIZATIONS. IN MARCH 2023, THE BOARD PRESIDENT AND TREASURER DISCUSSED AND APPROVED A 5% COST OF LIVING INCREASE TO THE EXECUTIVE DIRECTOR'S BASE SALARY, RETROACTIVE TO JANUARY 2023. THE COMPENSATION APPROVAL WAS CONTEMPORANEOUSLY DOCUMENTED IN THE ORGANIZATION'S FILES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS DELEGATED RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS TO A BOARD APPOINTED AUDIT COMMITTEE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.