2020-08-13T13:50:44-05:00 2019-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-01-01 237068080 WOMEN FIRST INC WOME 2122130622 11 BROADWAY NO 510 NEW YORK NY 10004 MARY MCGOVERN PRESIDENT 2122130622 2020-08-13 1 GARRETT M HIGGINS P00543209 9143818900 2020-08-13 24.190.81.120 2020-08-13 13:50:39 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9616F4B14A694591D1E716C270910E6FA5556DA3 2019 2020-11-06 18:47:13Z WOMEN FIRST INTERNATIONAL FUND MARY MCGOVERN 11 BROADWAY NO 510 NEW YORK NY 10004 27156589 0 X WWW.WOMENFIRSTFUND.ORG X 1969 NY SEE SCHEDULE O 19 19 8 36 0 0 396756 436195 0 0 717857 1846089 0 -42213 1114613 2240071 408389 278625 0 0 479958 564730 0 0 121552 475966 639937 1364313 1483292 -249700 756779 15524127 17702628 71396 91176 15452731 17611452 X WOMEN FIRST INVESTS IN GRASSROOTS INITIATIVES DRIVEN BY WOMEN AND GIRLS IN DEVELOPING ECONOMIES THAT SUSTAINABLY ADVANCE THEIR LIVES. 0 0 893509 278625 SEE SCHEDULE OGRANTMAKING PROGRAM - WOMEN FIRST PROVIDES GRANTS AND LONG-TERM PARTNERSHIP TO SMALL AND EMERGING ORGANIZATIONS LED BY WOMEN, GIRLS, AND/OR TRANS PEOPLE WORKING TOWARDS GENDER EQUITY IN THEIR OWN COMMUNITIES. THROUGH OUR UNIQUE 3-STAGE APPROACH, WE PARTNER WITH GRANTEES FOR 6 YEARS, AWARDING UP TO $95,000. WOMEN FIRST OFFERS FUNDING, CAPACITY ASSESSMENT AND PLANNING TOOLS, CAPACITY BUILDING RESOURCES, AND NETWORKING OPPORTUNITIES. WE WORK ALONGSIDE OUR GRANTEE PARTNERS OVER YEARS TO BUILD ORGANIZATIONAL EFFECTIVENESS, IMPROVE SUSTAINABILITY, CREATE OPPORTUNITIES AND CHANGE LIVES.SINCE OUR FOUNDING IN 1969, WOMEN FIRST HAS FUNDED MORE THAN 700 ORGANIZATIONS, IN OVER 95 COUNTRIES. WOMEN FIRST BELIEVES THAT WOMEN-LED ORGANIZATIONS ARE BEST EQUIPPED TO EMPOWER WOMEN AND GIRLS. 15000 SEE SCHEDULE OUNITED NATIONS AFFILIATION - TO ENHANCE ITS GRANT-MAKING EFFORTS, WOMEN FIRST ENGAGES IN EVENTS, BRIEFING, TRAINING, WORKSHOPS AND NON-GOVERNMENTAL DISCUSSIONS AT THE UNITED NATIONS HEADQUARTERS IN NEW YORK THROUGH ITS CONSULTATIVE STATUS WITH ECOSOC (UN'S ECONOMIC AND SOCIAL COUNCIL) AND ITS MEMBERSHIP IN UN-RELATED GROUPS. WOMEN FIRST PRESENTS A GRASSROOTS PERSPECTIVE IN ITS FORMAL STATEMENTS TO THE UN AGENCIES AND GENERAL ASSEMBLY, AND IN A WIDE RANGE OF MEETINGS SPONSORED WITHIN THE AUSPICES OF THE UN. AN ACTIVE WOMEN FIRST UN COMMITTEE MEMBERSHIP, VOLUNTEERS AND ITS REGISTERED REPRESENTATIVES MAXIMIZE THE OUTCOMES OF ITS UN AFFILIATION WHILE EXPENDING VERY LIMITED AMOUNT OF RESOURCES. THROUGH REPORTS FROM THESE ACTIVITIES, WOMEN FIRST INFORMS GRANTEES, MEMBERS AND DONORS ABOUT UN DISCUSSIONS, DECISIONS, AND POLICIES RELEVANT TO WOMEN FIRST'S FOCUS AND GOALS. 908509 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY CA FL MA MD MN NJ PA VA WA AL CO GA HI IL MI NH NM NV NC OH OR RI UT AK OK SC TN WI X X X EMILY FORHMAN 2122130622 11 BROADWAY NO 510 NEW YORK NY 10004 EMILY FORHMAN EXECUTIVE DIRECTOR 37.50 X 172680 0 18286 MARY MCGOVERN PRESIDENT 4.00 X X 0 0 0 CHRISTINE SCHMITZ TREASURER 1.00 X X 0 0 0 ABBY MEISELMAN SECRETARY 1.00 X X 0 0 0 DR SARADA KRISHNAN VICE PRESIDENT OF PROGRAMS 1.00 X X 0 0 0 KATHERINE D'URSO EXECUTIVE VICE PRESIDENT 1.00 X X 0 0 0 LESLIE WRIGHT EXECUTIVE VP THRU APRIL 2019 2.00 X X 0 0 0 ELIZABETH KAVETAS VP OF DEVELOPMENT 1.00 X X 0 0 0 DAGMAR MCGILL DIRECTOR 1.00 X 0 0 0 SUSANNAH DHAMDHERE DIRECTOR 1.00 X 0 0 0 DR JACQUELINE BUCKMAN SHAHZADI DIRECTOR 1.00 X 0 0 0 LISA FLEMING DIRECTOR 1.00 X 0 0 0 JOHANNA STERBIN DIRECTOR 1.00 X 0 0 0 ANITA THOMAS DIRECTOR 1.00 X 0 0 0 RAIME LEEBY MUHLE DIRECTOR 1.00 X 0 0 0 DR ELEANOR ANN NWADINOBI DIRECTOR 1.00 X 0 0 0 ANDREA FILIPPELLI DIRECTOR 1.00 X 0 0 0 DR ESTHER NGUMBI DIRECTOR 1.00 X 0 0 0 JANE SCHUKOSKE DIRECTOR 1.00 X 0 0 0 KATE LANDON DIRECTOR 1.00 X 0 0 0 MARIA DOUVAS DIRECTOR 1.00 X 0 0 0 MARGERY SULLIVAN DIRECTOR THRU JANUARY 2019 1.00 X 0 0 0 MEGHAN CHAPPELL DIRECTOR THRU APRIL 2019 1.00 X 0 0 0 DR GERLINDE SARKAR DIRECTOR THRU APRIL 2019 1.00 X 0 0 0 172680 0 18286 1 0 1 0 FINN PARTNERS INC 301 E 57TH STREET 4TH FLOOR NEW YORK NY 10022 MARKETING 124910 1 272791 163404 11623 436195 643607 643607 26027287 24824805 1202482 1202482 1202482 49500 272791 91713 -42213 -42213 2240071 0 0 1803876 X 278625 278625 190966 130010 40733 20223 267487 182105 57055 28327 5682 3868 1212 602 64699 44048 13800 6851 35896 24438 7657 3801 5847 5847 116540 27180 62180 27180 83964 83964 209393 73532 132292 3569 33344 22701 7111 3532 17923 12202 3823 1898 74941 51020 15985 7936 47394 39028 5291 3075 15248 10381 3252 1615 6961 4739 1485 737 STATE REGISTRATION 11486 11486 FOREIGN TAXES 10094 10094 EQUIPMENT 4402 2998 938 466 MISCELLANEOUS EXPENSES 2400 1634 512 254 1483292 908509 453231 121552 248332 249430 188010 1000652 195 43319 49994 16094 78794 67670 26372 11124 14983017 14338972 2014057 28207 28980 15524127 17702628 67646 91176 3750 71396 91176 X 14578892 16814008 873839 797444 15452731 17611452 15524127 17702628 756779 1401942 0 X X 0 1 X 1 0 X 236553 125398 375728 396756 436195 1570630 236553 125398 375728 396756 436195 1570630 117609 1453021 590590 569586 529943 547637 643607 2881363 543 543 683 13 696 4453232 0.32630 0.27800 X TREASURY REGULATION SECTION 1.170A-9(E)(3) PROVIDES THAT, NOTWITHSTANDING AN ORGANIZATION'S NOT SATISFYING THE 33 1/3 PERCENT PUBLIC SUPPORT TEST, IT CAN STILL QUALIFY AS A PUBLIC CHARITY IF ITS PUBLIC SUPPORT PERCENTAGE IS NORMALLY AT LEAST TEN (10) PERCENT, AND IT MEETS THE FACTS AND CIRCUMSTANCE TEST IN THIS CONTEXT. IT IS REQUIRED THAT AN ORGANIZATION MUST BE SO ORGANIZED AND OPERATED AS TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT ON A CONTINUOUS BASIS WHICH IN TURN REQUIRES THAT THE ORGANIZATION MAINTAIN A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS. FOR THE FIVE (5) YEAR PERIOD ENDED DECEMBER 31, 2019, THE ORGANIZATION RECEIVED CUMULATIVE CONTRIBUTIONS OF $1,570,630 FROM A BROAD FUNDING BASE. SINCE ITS INCEPTION, OVER 2,500 INDIVIDUALS AND GROUPS WORLDWIDE HAVE GENEROUSLY SUPPORTED THE ORGANIZATION'S MISSION WITH ANNUAL DONATIONS AND PLANNED ESTATE GIFTS. IN ADDITION TO THE TEN (10) PERCENT AND ATTRACTION OF PUBLIC SUPPORT REQUIREMENTS, OTHER FACTORS ARE CONSIDERED IN DETERMINING WHETHER AN ORGANIZATION IS PUBLICLY SUPPORTED. FIRST, THE HIGHER THE TEN (10) PERCENT REQUIREMENT, THE LESSER THE BURDEN IN ESTABLISHING PUBLICLY SUPPORTED NATURE OF THE ORGANIZATION THROUGH OTHER FACTORS. FOR THE TAX YEAR ENDED DECEMBER 31, 2019, THE ORGANIZATION INCREASED ITS PUBLIC SUPPORT PERCENTAGE TO 32.63%. THE LOW PUBLIC SUPPORT PERCENTAGE IS ATTRIBUTABLE TO THE ORGANIZATION'S HIGH INVESTMENT INCOME GENERATED BY ITS INVESTMENT PORTFOLIO. THE INVESTMENT PORTFOLIO IS VALUED OVER $17.353 MILLION AND GENERATED INVESTMENT INCOME OF APPROXIMATELY $643,000. THE HIGH INVESTMENT VALUE IS THE RESULT OF AN UNUSUALLY LARGE ENDOWMENT FUND, DONATED BY A DISINTERESTED PERSON, WHICH WAS ATTRACTED BY THE ORGANIZATION DUE TO THE NATURE OF THE ORGANIZATION'S PUBLIC ACTIVITIES AND SOLICITATION EFFORTS. IF THIS INVESTMENT INCOME WERE NOT INCLUDED IN SUPPORT, OVER THE FIVE-YEAR PERIOD ENDED DECEMBER 31, 2019, THE PUBLIC SUPPORT PERCENTAGE WOULD BE SIGNIFICANTLY HIGHER. SECOND, THE ORGANIZATION RECEIVES SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS, RATHER THAN RECEIVING ITS SUPPORT FROM A SINGLE DONOR. THE ORGANIZATION OPERATES TO ATTRACT PUBLIC SUPPORT ON A CONTINUAL BASIS AND ITS SOURCES OF CONTRIBUTIONS INCLUDE INDIVIDUAL GIVING, BOARD CONTRIBUTIONS, CORPORATE MATCHING, GROUP CONTRIBUTIONS, FUNDRAISING EVENTS, AND CORPORATE AND FOUNDATION GRANTS. IN THIS CONTEXT, THE FACT THAT THE ORGANIZATION DOES NOT LIMIT ITS ACTIVITIES TO A PARTICULAR REGION, THE ORGANIZATION DEMONSTRATES ITS PUBLIC NATURE. FURTHER, THE ORGANIZATION IS CURRENTLY ENGAGED IN A SIGNIFICANT CAPACITY BUILDING EFFORT AND CONTINUOUS BONA FIDE SOLICITATION PROGRAMS TO FURTHER EXPAND ITS GRANT-MAKING PROGRAM AND TO STRENGTHEN ITS GRANTEE SUPPORT AND OVERSIGHT EFFORTS. THIS FUNDRAISING INITIATIVE INCLUDES MAINTAINING CURRENT DONORS AND TARGETING NEW DONORS, SECURING GRANTS FROM PRIVATE FOUNDATIONS, ORGANIZING SPECIAL SMALL-SCALE FUNDRAISING EVENTS, HOSTING A LARGE-SCALE FUNDRAISING EVENT, AND THROUGH CORPORATE SPONSORSHIPS. TO IMPLEMENT THESE EFFORTS, THE STAFF OF WOMEN FIRST ALONG WITH THE DEVELOPMENT COMMITTEE AND BOARD ADOPTS AN ANNUAL DEVELOPMENT PLAN. THE BOARD AND MANAGEMENT CONTINUE TO REVIEW DIFFERENT FUNDRAISING INITIATIVES WITH THE EXPECTATION THAT THE PUBLIC SUPPORT WILL CONTINUE TO INCREASE IN THE UPCOMING YEARS.THIRD, THE GOVERNING BODY IS COMPOSED OF 19 INDIVIDUALS OF DIVERSE PROFESSIONS IN THE FOLLOWING AREAS: FINANCE AND ADMINISTRATION, INTERNATIONAL DEVELOPMENT, ECONOMICS AND DEVELOPMENT AFFAIRS, CORPORATE LAW, EDUCATION, MARKETING, BUSINESS, GRANTMAKING, TAXATION, INVESTMENT MANAGEMENT, HEALTHCARE INCLUDING NURSING AND BIOLOGY, SOCIAL WORK, AND PSYCHOLOGY. THE GOVERNING BODY REPRESENTS THE BROAD INTEREST OF THE PUBLIC, RATHER THAN PRIVATE INTERESTS, AND NONE OF THE MEMBERS ARE DISQUALIFIED PERSONS. THE GOVERNING BODY IS COMPRISED OF INDIVIDUALS WHO REPRESENT VARIOUS GEOGRAPHIC REGIONS. IN ACCORDANCE WITH THE REGULATIONS THE GOVERNING BODY IS SELECTED IN ACCORDANCE WITH ITS GOVERNING DOCUMENTS. FOURTH, THE ORGANIZATION, FOUNDED IN 1969, HAS FUNDED OVER 700 ORGANIZATIONS IN 95 COUNTRIES, FOCUSING ON ISSUES RANGING FROM EDUCATION AND HEALTH TO ECONOMIC EMPOWERMENT AND HUMAN RIGHTS. IN ADDITION TO ITS GRANT-MAKING PROGRAM, THE ORGANIZATION HAS PROVIDED LEADERSHIP TRAINING, COMMUNITY DEVELOPMENT, AND EDUCATIONAL SEMINARS AND WORKSHOPS TO THE GENERAL PUBLIC IN COMBATING POVERTY AND ACHIEVING GENDER EQUALITY IN DEVELOPING ECONOMIES. THE FACT THAT THE ORGANIZATION HAS PROVIDED SUCH SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUING BASIS IS EVIDENCE THAT THE ORGANIZATION IS PUBLICLY SUPPORTED. BASED ON THE FOREGOING, THE ORGANIZATION SATISFIES THE TEN (10) PERCENT FACTS AND CIRCUMSTANCE TEST. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2015 AMOUNT: $ 683. 2017 AMOUNT: $ 13. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12296937 2607105 1074565 75502 13753975 15065609 -1809738 875564 83370 12296937 14136466 1685438 682602 73693 15065609 13723290 1497290 1010993 73121 14136466 14501808 124914 828699 74733 13723290 0.94440 0.00000 0.05560 0 0 35674 31737 3937 43120 35933 7187 11124 ALTERNATIVE INVESTMENTS 2014057 F 2014057 X 3547955 1401942 1401942 2146013 83964 10094 94058 2240071 1389234 0 1389234 83964 10094 94058 1483292 PART V, LINE 4: THE ORGANIZATION INVESTS ITS ENDOWMENT FUNDS AND ALLOCATES THE RELATED EARNINGS FOR EXPENDITURE IN ACCORDANCE WITH THE TOTAL RETURN CONCEPT. THE ENDOWMENT USAGE IS DETERMINED IN ACCORDANCE WITH THE POLICY ADOPTED BY THE FUND. THE INCOME FROM THE VIRGINIA FRESE PALMER FUND IS TO BE UTILIZED ONLY TO DEFRAY ADMINISTRATIVE AND OFFICE EXPENSES. THE BOARD UTILIZES VARIOUS SPENDING METHODS TO DETERMINE ITS ANNUAL DRAWDOWN FROM THE ENDOWMENT FUNDS AS FOLLOWS: DRAWDOWNS FROM THE VIRGINIA FRESE PALMER BOARD DESIGNATED AND DONOR RESTRICTED FUNDS ARE MADE IN ACCORDANCE WITH THE FUND'S SPENDING POLICY. ALL OTHER DRAWDOWNS ARE MADE AT THE DISCRETION OF THE BOARD. PART X, LINE 2: THE FUND RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FUND HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FUND IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOREIGN TAXES NETTED AGAINST REVENUE 10,094. PART XII, LINE 4B - OTHER ADJUSTMENTS: FOREIGN TAXES NETTED AGAINST REVENUE 10,094. 1 SOUTH ASIA GRANTS TO RECIPIENTS IN THE REGION 55000 SUB-SAHARAN AFRICA GRANTS TO RECIPIENTS IN THE REGION 223625 0 0 0 0 0 0 278625 0 278625 SOUTH ASIA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SOUTH ASIA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SOUTH ASIA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SOUTH ASIA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SOUTH ASIA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 15000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 15000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 18625 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 10000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 15000 WIRE SUB-SAHARAN AFRICA ECONOMIC EMPOWERMENT; ORGANIZATIONAL CAPACITY-BUILDING 15000 WIRE 0 25 0 0 0 0 0 0 PART I, LINE 2: WOMEN FIRST GRANTMAKING IS STRUCTURED THROUGH A 3-STAGE, SIX-YEAR PROCESS. APPLICATION PROCESS: WOMEN FIRST OPENS ITS ANNUAL GRANTMAKING PROCESS WITH AN OPEN CALL FOR ORGANIZATIONS LOCATED IN ONE OF OUR 5 FOCUS COUNTRIES: UGANDA, KENYA, TANZANIA, MALAWI, INDIA THAT FOCUS ON ECONOMIC EMPOWERMENT FOR WOMEN, GIRLS, AND/OR TRANS PEOPLE. APPLICANTS ARE REQUIRED TO COMPLETE AN ELIGIBILITY QUIZ AS A SCREENING TOOL TO ENSURE THAT ONLY APPLICANTS WHO MEET WOMEN FIRST'S FUNDING CRITERIA RECEIVE ACCESS TO THE FULL APPLICATION. APPLICANTS SUBMIT FULL PROPOSALS AND PROVIDE DETAILS ABOUT THEIR ORGANIZATION, PROGRAM PLAN AND BUDGET. STAFF REVIEW ALL APPLICATIONS AND CREATE A FINALIST LIST. TOP SCORED APPLICATIONS GO THROUGH DUE DILIGENCE, WHICH INCLUDES SEVERAL STEPS: STAFF CONDUCT WEB-CHECKS AND INTERVIEW THE APPLICANT; ALL LISTED STAFF AND BOARD ARE CHECKED AGAINST THE OFAC LIST; LETTERS FROM REFERENCES AND PREVIOUS SPONSORS ARE SOLICITED AND REVIEWED; AND ANY PAST PROJECTS USING WOMEN FIRST FUNDS ARE EVALUATED. FINALIST APPLICATIONS ARE THEN REVIEWED BY THE GRANTS AND LEARNING SUB-COMMITTEE MEMBERS WHO VOTE AND MAKE GRANT RECOMMENDATIONS TO WOMEN FIRST'S BOARD OF DIRECTORS. THE REVIEW PROCESS FOR STAGE 2 AND 3 ARE: STAFF REVIEW GRANTEE PROGRESS/CONTINUED ADHERENCE TO CRITERIA AND MAKE RECOMMENDATIONS TO GRANTS AND LEARNING SUB-COMMITTEE, WHO MAKES FINAL RECOMMENDATIONS TO THE BOARD. MONITORING AND EVALUATION: UPON SIGNING A GRANT CONTRACT DETAILING THE REQUIREMENTS OF THEIR FUNDING, GRANTEES AGREE TO PROVIDE ACCOUNTS OF PROGRAM IMPLEMENTATION AND EXPENSES. WOMEN FIRST PROGRAM STAFF MONITOR GRANTEES THROUGH SCHEDULED REPORTING, CHECK-IN CALLS, AND ON-SITE VISITS. GRANTEES PROVIDE 3 WRITTEN REPORTS THROUGHOUT THE GRANT TERM (GRASSROOTS ORGANIZATIONAL CAPACITY ASSESSMENT, A CAPACITY BUILDING PLAN, AND ANNUAL REPORT) DESCRIBING THEIR PROGRESS TOWARDS ACHIEVING INTENDED OUTCOMES, SHARING PHOTOS AND VIDEO DOCUMENTATION OF THEIR PROGRAM, PROVIDING A BUDGET SHOWING EXPECTED VS. ACTUAL EXPENSES AND FINANCIAL DOCUMENTATION TO SUPPORT THIS BUDGET. ALL REPORTS ARE ASSESSED BY STAFF. REPORT REVIEW MAY INCLUDE FOLLOW-UP INTERVIEWS WITH GRANTEES, AND DETAILED RECORDS OF ALL MONITORING AND EVALUATION RECORDS ARE KEPT AND MAINTAINED IN A CLOUD-BASED GRANTS MANAGEMENT SOFTWARE. REPORTING ALIGNS WITH WOMEN FIRST'S MONITORING, EVALUATION AND LEARNING FRAMEWORK. PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR GRANT EXPENSES. PART III ACCOUNTING METHOD: GALA 322291 272791 49500 1828 65217 19404 5264 322291 272791 49500 1828 65217 19404 5264 91713 -42213 X X X X 0 0 0 0 0 0 0 1 0 EMILY FORHMAN EXECUTIVE DIRECTOR 164680 0 8000 0 0 0 0 0 18286 0 190966 0 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR RECEIVED A BOARD APPROVED DISCRETIONARY BONUS AS REPORTED IN PART II, COLUMN B(II). FORM 990, PART I, LINE 1: WOMEN FIRST PROVIDES FLEXIBLE FUNDING OVER A SIX-YEAR PARTNERSHIP TO LOCAL GRASSROOTS ORGANIZATIONS THAT IMPROVE THE LIVES OF WOMEN, GIRLS AND TRANS PEOPLE BY CHANGING THEIR ECONOMIC FUTURES. OUR GRANTS AND PARTNERSHIPS SUSTAINABLY CHANGE THE LIVES OF WOMEN, GIRLS, TRANS PEOPLE, AND THEIR COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS IN 2019. SIGNIFICANT CHANGES WERE MADE IN THE FOLLOWING AREAS: - THE NAME OF THE ORGANIZATION WAS CHANGED FROM VIRGINIA GILDERSLEEVE INTERNATIONAL FUND, INC. TO WOMEN FIRST, INC. - THE ORGANIZATION IS NO LONGER A MEMBERSHIP ORGANIZATION. - THE MAXIMUM NUMBER OF DIRECTORS WHO MAY SERVE ON THE BOARD WAS CHANGED FROM 29 TO 25. - THE NUMBER OF MEMBERS NEEDED TO ESTABLISH QUORUM CHANGED FROM 25% OF BOARD TO A MAJORITY OF THE ENTIRE BOARD. - THE PURPOSE OF THE ORGANIZATION WAS EXPANDED TO INCLUDE THE ADVANCEMENT OF UNDERSTANDING AND COOPERATION AMONG WOMEN WORLD-WIDE. - CHANGES WERE MADE IN PAYMENT AUTHORIZATION THRESHOLDS FOR NON-BUDGETED ITEMS WITH RESPECT TO APPROVALS REQUIRED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. IN ADDITION, THE ORGANIZATION AMENDED ITS CERTIFICATE OF INCORPORATION DURING THE YEAR TO REFLECT THE NAME CHANGE. FORM 990, PART VI, SECTION A, LINE 6 UP UNTIL APRIL 2019, THE ORGANIZATION HAD HONORARY, GROUP, AND INDIVIDUAL MEMBERS WHO HAD VOTING RIGHTS. THE ORGANIZATION REMOVED THE MEMBERS EFFECTIVE APRIL 2019, AND NO LONGER WILL BE A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A UNTIL APRIL 2019, THE MEMBERS ELECTED THE OFFICERS, MEMBERS OF THE BOARD OF DIRECTORS, AND MEMBERS OF THE NOMINATING COMMITTEE AT THE ANNUAL MEETING. THE BOARD IS A SELF-APPOINTED BOARD EFFECTIVE APRIL 2019 WITH THE REMOVAL OF THE MEMBERS PER THE AMENDED BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B UP UNTIL APRIL 2019, THE BYLAWS COULD BE AMENDED AT ANY ANNUAL MEETING OR SPECIAL MEETING OF THE MEMBERSHIP CALLED FOR THAT PURPOSE BY A TWO-THIRDS (2/3) VOTE OF THOSE VOTING, IN PERSON OR BY WRITTEN PROXY. EFFECTIVE APRIL 2019, THE MEMBERS WERE REMOVED FROM THE ORGANIZATION. THE BYLAWS MAY NOW BE ALTERED, AMENDED OR REPEALED BY THE VOTE OF THE MAJORITY OF THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 11B WOMEN FIRST, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY EXECUTIVE DIRECTOR AND AUDIT COMMITTEE AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C WOMEN FIRST PRESENTS ITS CONFLICT OF INTEREST POLICY EACH YEAR AT ITS ANNUAL MEETING TO ALL BOARD AND COMMITTEE MEMBERS. ALL BOARD AND COMMITTEE MEMBERS ARE REQUIRED TO SIGN AND RETURN WOMEN FIRST'S CONFLICT OF INTEREST POLICY EACH YEAR THAT RUNS APRIL THROUGH APRIL. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNANCE BOARD DELEGATED POWER CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. MEMBERS OF THE BOARD MUST ALSO RECUSE THEMSELVES FROM VOTING IF/WHEN A CONFLICT IS PRESENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTEREST PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE POLICY IS APPLICABLE TO BOARD OFFICERS, DIRECTOR, AND EMPLOYEES. AT THE START OF EACH CALENDAR YEAR, THE STAFF REVIEWS THE REQUIREMENT AND COLLECTS THE SIGNATURES ON THE FORMS. WHEN A CONFLICT IS DECLARED, THE INTERACTIONS AND DECISION MAKING OF EACH PARTY IS MONITORED. IF APPLICABLE, PARTIES WOULD RECUSE THEMSELVES FROM RELATED DECISIONS. FORM 990, PART VI, SECTION B, LINE 15A WOMEN FIRST USED THE FOLLOWING PROCESS FOR DETERMINING THE COMPENSATION FOR THE EXECUTIVE DIRECTOR: THE EXECUTIVE COMMITTEE IS CHARGED WITH THE RESPONSIBILITY TO PREPARE EXECUTIVE DIRECTOR COMPENSATION RECOMMENDATIONS FOR DISCUSSION AND APPROVAL BY THE FULL BOARD. TO PREPARE RECOMMENDATIONS ON EXECUTIVE DIRECTOR COMPENSATION IN 2019, THE EXECUTIVE COMMITTEE REVIEWED THE EXECUTIVE DIRECTOR'S SELF-PERFORMANCE REPORT AND ASKED ALL BOARD MEMBERS TO COMPLETE QUESTIONNAIRES. STAFF AND WOMEN FIRST PRINCIPAL CONTRACTORS ALSO COMPLETED SHORT QUESTIONNAIRES. FINALLY, THE BOARD CONSULTED THE 2019 NONPROFIT SALARIES AND STAFFING TRENDS REPORT FOR GREATER NEW YORK CITY AREA NONPROFITS FROM PNP STAFFING GROUP. USING THIS INFORMATION, THE EXECUTIVE COMMITTEE MET TO REVIEW THE MATERIALS AND PROVIDED SPECIFIC RECOMMENDATIONS ON THE EXECUTIVE DIRECTOR'S 2020 COMPENSATION FOR THE BOARD'S CONSIDERATION. DURING THE EXECUTIVE SESSION OF THE OCTOBER 2019 BOARD MEETING, THE FULL BOARD DISCUSSED THE WRITTEN RECOMMENDATIONS OF THE EXECUTIVE COMMITTEE AND VOTED ON THE 2020 COMPENSATION FOR THE EXECUTIVE DIRECTOR. 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. IT IS POSTED ON NEW YORK STATE ATTORNEY GENERAL, 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 AVAILABLE UPON WRITTEN REQUEST AT 11 BROADWAY, ROOM 510, NEW YORK, NY 10004 OR BY CALLING THE ORGANIZATION DIRECTLY AT 212-213-0622. FORM 990, PART IX, LINE 11G MARKETING/DEVELOPMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 17,348. MANAGEMENT AND GENERAL EXPENSES 130,542. FUNDRAISING EXPENSES 2,699. TOTAL EXPENSES 150,589. PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 50,597. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,597. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 5,587. MANAGEMENT AND GENERAL EXPENSES 1,750. FUNDRAISING EXPENSES 870. TOTAL EXPENSES 8,207. FORM 990, PART XII, LINE 2C: WOMEN FIRST, INC. HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.