2014-11-10T17:11:38-06:00 2013-12-31 910189318 MOSS ADAMS LLP 101 SECOND STREET 9TH FLOOR SAN FRANCISCO CA 94105 990 2013-01-01 411685134 Women's Funding Network WOME 4154410706 505 Sansome Street 2nd Floor San Francisco CA 94111 Reza Badiee VP, Finance & Administration 4154410706 2014-10-30 1 Lindsey Parnell P00546853 4159561500 2013 2015-11-30 17:44:51Z Michele Ozumba 505 Sansome Street 2nd Floor San Francisco CA 94111 2044284 0 X www.womensfundingnetwork.org X 1990 MN See Page 2, Part III, Line 1 19 18 13 25 0 0 1017896 1708970 467545 299020 -66296 10249 0 26045 1419145 2044284 838317 240800 0 0 846808 1093731 0 0 381475 1298953 1393870 2984078 2728401 -1564933 -684117 2883553 2064787 392932 139958 2490621 1924829 X As a global network and a movement for social justice, we will accelerate women's leadership and invest in solving critical social issues from poverty to global security - by bringing together the financial power, influence, and voices of women's funds. 0 0 667176 0 Education and Learning:WFN is leading the creation of a model professional learning community for member funds working collaboratively on a particular issue. This model will provide the structure and processes for WFN to engage smaller learning clusters (5-10 funds) across the Network based on common areas of grantmaking and common goals and objectives. WFN sees this new member service enabling more effective knowledge exchange and sharing among members, as well as producing impact reports to disseminate more broadly in the field.Conduct monthly skill building webinar: WFN webinars have been the most popular member service in terms of requests and participation. In redesigning member services, WFN implements a coordinated annual webinar series that includes a series of skill building sessions for capacity building, and content experts to provide professional presentations on current issues, trends and emerging issues that serve to inform grant making strategies for services and advocacy. 450325 10000 115811 Annual Conference:The 2013 WFN Annual Conference brought together 300 leaders representing WFN's global network of women's funds and allies from multiple disciplines who share a common commitment to improving the lives of women and girls. The theme, Investing in Women: New Models for Giving, Impact & Collaboration, featured experts and thought leaders in over a dozen interactive workshops and plenary sessions over 3 days in Detroit, MI. Participants gained new tools for more effective grantmaking strategies; models of best practice for program related investments and financial sustainability; and enhanced skills for utilizing new media technology to advance mission driven work. WFN received high marks for the quality of workshops and presenters, as well as the level of engagement and inclusion. 212950 150809 Membership:As the largest women's philanthropic network in the world, Women's Funding Network's core work is providing membership services to 160 women funds and foundations in the U.S. and abroad. The main services include: Recruitment, enrollment and orientation for new membersWFN Annual Conference: The conference focuses on Network leadership and professional development, donor education, and measuring the Network's collective impact. Workshops are designed to bring a gender lens analysis to essential skill building, knowledge exchange, best practice examples, grant making and program models suited for replication, and creative and effective donor engagement. 359630 230800 32400 Additional services including Grant Making, research and policy and social enterprise services. 359630 230800 32400 1690081 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 21 0 1 13 1 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN X X Reza Badiee 4154410706 505 Sansome Street 2nd Floor San Francisco CA 94111 Michele Ozumba CPO/Pres & CEO 40.00 X X 223330 0 22652 Carol Andreae Board Member 4.00 X 0 0 0 Heather Arnet Board Member 4.00 X 0 0 0 Jim Bildner Board Member 4.00 X 0 0 0 Cecilia Boone Board Member (through 10/13) 4.00 X 0 0 0 Donna Callejon Treasurer 4.00 X X 0 0 0 Sally Crane Vice Chair 4.00 X X 0 0 0 Shalini Nataraj Board Member 4.00 X 0 0 0 Ana Oliveira Board Member 4.00 X 0 0 0 Judy Patrick Board Member 4.00 X 0 0 0 Cristina Regalado Board Member (through 2/13) 4.00 X 0 0 0 Lee Roper-Batker Board Member 4.00 X 0 0 0 Jane Sloane Board Member 4.00 X 0 0 0 Alandra Washington Chair 4.00 X X 0 0 0 Abigail Burgesson Secretary 4.00 X X 0 0 0 Amina Dickerson Board Member 4.00 X 0 0 0 Cheryl Franklin Board Member 4.00 X 0 0 0 Nicky Goren Board Member 4.00 X 0 0 0 Mia Herndon Board Member (through 1/13) 4.00 X 0 0 0 Carolyn Mitchell Board Member (through 6/13) 4.00 X 0 0 0 Roslyn Dawson Thompson Board Member 4.00 X 0 0 0 Laura Garcia Board Member 4.00 X 0 0 0 Julie Abrams Board Member 4.00 X 0 0 0 Chris Roesner Director of Finance and Ad 40.00 X 106360 0 10528 Ruth-Anne Renaud VP, External Affairs 40.00 X 151360 0 15849 481050 0 49029 3 0 1 0 TriNet Employer Group Inc 1100 San Leandro Blvd San Leandro CA 94677 co-employment contract 1050345 1 1708970 1000 1708970 Membership dues 900099 150809 150809 Conference fees 900099 115811 115811 Fee for service income 900099 32400 32400 299020 10249 10249 20 20 16440 0 16440 16440 16440 Other Revenues 900099 9585 9585 9585 2044284 299020 0 36294 X 230800 230800 10000 10000 530079 253887 154352 121840 421036 201660 122600 96776 32728 15675 9530 7523 49900 23900 14530 11470 59988 28732 17468 13788 7760 1012 4809 1939 30356 30356 415989 308882 98147 8960 107255 49568 30436 27251 280684 133446 81321 65917 194078 155422 28064 10592 216984 202050 7587 7347 902 902 15492 5442 7428 2622 12469 4442 5876 2151 Evaluation 50844 50844 0 0 Professional dvlpmnt. 25289 3249 21674 366 Printing 17354 10017 4407 2930 Bad debt expense 17300 0 17300 0 1114 1053 58 3 2728401 1690081 656845 381475 1306697 492258 505655 12711 141543 408850 5645 0 126798 81479 168833 132163 17607 36670 747563 1000774 32045 32045 2883553 2064787 321366 30979 2700 26250 1364 9194 67502 73535 392932 139958 X 588150 414445 1902471 1510384 2490621 1924829 2883553 2064787 -684117 118325 0 X 0 1 X 1 0 X 3859280 3795934 945111 1017896 1708970 11327191 3859280 3795934 945111 1017896 1708970 11327191 5740687 5586504 27139 24961 25955 12892 26709 117656 5470 9585 15055 11459902 463330 0.48750 0.39130 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous receipts - 2009 Amount: $ 5,470. 2013 Amount: $ 9,585. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2728400 2728400 286420 71605 0 0 371568 328566 299204 286420 1285758 1928637 4912 5348 10260 92892 82142 74801 71605 321440 482160 46582 24338 22244 122251 107825 14426 36670 Deferred rent 73535 73535 X Part X, Line 2: WFN and WFNF are considered public charities and are exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code. WFN and WFNF are also exempt from State income tax. WFN is exempt from state tax under Minnesota Taxation Code Section 317A and both WFN and WFNF under State of California Revenue and Taxation Code Section 23701d. Only unrelated business income is subject to federal and state income tax. Management believes that all of the Network's income is related to its exempt purpose. Accordingly, no provision for income taxes has been made in the accompanying consolidated financial statements. The Network has no unrecognized tax benefits or uncertain tax positions as of December 31, 2013 or 2012. With few exceptions, the Network is no longer subject to United States federal or state/local income tax examinations by tax authorities for fiscal years before 2009. 1 Global Fund for Women 222 Sutter Street Suite 500 San Francisco CA 94108 770155782 501(C)(3) 230000 Assistance to lesbians and event sponsorship 1 LEAD award 1 10000 Part I, Line 2: Questionnaires regarding progress related to programmatic objectives are required prior to periodic conference calls. Final reports from grantees contain (i) a narrative report of what was accomplished by expenditure of the contract funds and indicating contractee's compliance with the terms of the grant, and (ii) a financial statement reporting expenditures according to the approved contract budget and the terms of the grant. This reporting should be done using consistent accounting practices (cash or accrual) and should be signed only by an agent of the contractee authorized to submit financial accounting on behalf of the contractee. X X X X X 0 0 0 0 0 0 0 0 0 Michele Ozumba CPO/Pres & CEO 216970 0 0 0 6360 0 21697 0 955 0 245982 0 0 0 Ruth-Anne Renaud VP, External Affairs 145000 0 0 0 6360 0 14771 0 1078 0 167209 0 0 0 Form 990, Part 1, Line 5 and Part VII, Section B Since 2003, the Women's Funding Network has maintained a co-employment agreement with TriNet, a professional employer organization providing outsourced human resources and employer services. In this arrangement, TriNet is the employer of record, payroll, benefits, and other functions involving employer-related administration. Total personnel costs (including salaries, benefits, payroll taxes and fees) were $1,050,345. This total is included in the 990 Part IX Statement of Functional Expenses in lines 5 through 10, as it includes amounts paid to officers, additionally disclosed in the 990 Part VII Section A and on Schedule J. Form 990, Part VI, Section A, line 6 Members vote on the election of board members and any change to the membership criteria. Form 990, Part VI, Section A, line 7a Voting members have the right to vote on the election of board members and any change to the membership criteria. Form 990, Part VI, Section A, line 7b See description for Part VI, Line 7a. Form 990, Part VI, Section B, line 11 Form 990 Review Policy: Women's Funding Network recognizes that the governance role of its Board includes the annual review of the Form 990. Accordingly, the organization requires review of the Form 990 by the entire Board prior to its filing on an annual basis. Board review procedures for Form 990: Senior management of the organization is responsible for the timely preparation of the Form 990. The completed Form 990 will be provided to the Finance Committee of the Board sufficiently in advance of the filing deadline to enable a detailed and conscientious review by all members of the committee. All questions, concerns, etc. of the Finance Committee members will be addressed by the Director of Finance and Administration and incorporated into the Form 990 as appropriate. Form 990, Part VI, Section B, line 12c The organization requires all Board members to disclose any known or potential conflicts of interest at the time of appointment to the Board using a pre-defined Conflict of Interest Disclosure and Acknowledgement form. These forms are reviewed by the CEO and by the Executive Committee for accuracy, completeness and to identify actual or potential conflicts of interest. Board members possessing a conflict of interest are prohibited from participation in deliberations, actions and votes on matters associated directly or indirectly to those conflicts. Board members are further required to update their Conflict of Interest forms annually through the duration of their current and any subsequent terms. Form 990, Part VI, Section B, line 15 For 2012, the Executive Committee is composed entirely of people that have no conflict of interest. The Committee is responsible for conducting the performance review and salary adjustment of the President/Chief Executive Officer. The performance review process includes a compensation survey of comparable organizations, research for published salary benchmarks, and discussion among the Committee. The review and recommendation is documented and submitted to the Board of Directors. The Board then discusses the recommendation and decides on the compensation annually. The Board decisions are documented and approved by the Chair of the Board of Directors. The last compensation review for the Chief Executive Officer was in 2012. Salary for the head financial position in the organization is determined by the CEO and is based on, among other factors, current salary statistics for the same position within geographically local and comparably sized nonprofit organizations, the current financial health of the organization and with the assistance and input from the Board, local peer organizations and other professional sources. The most recent compensation review and adjustment took place December 31, 2012. Form 990, Part VI, Section C, line 19 Governing documents and conflict of interest policy are available to the public upon request. Externally audited Financial Statements are available on the organization website. Form 990, Part IX, line 11g Project Management: Program service expenses 1,945. Management and general expenses 618. Fundraising expenses 56. Total expenses 2,619. Technology Consulting: Program service expenses 20,693. Management and general expenses 6,575. Fundraising expenses 600. Total expenses 27,868. Financial Consulting: Program service expenses 0. Management and general expenses 88,574. Fundraising expenses 0. Total expenses 88,574. Other Fees for Services: Program service expenses 286,244. Management and general expenses 2,380. Fundraising expenses 8,304. Total expenses 296,928. Women's Funding Network Foundation 505 Sansome Street 2nd Floor San Francisco CA 94111 204754887 Support Women's Funding Network CA 501(C)(3) 11-I Women's Funding Network 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0