2012-11-15T12:03:38-06:00 2011-12-31 910189318 Moss Adams LLP 3121 West March Lane Suite 100 Stockton CA 95219 990 2011-01-01 411685134 Women's Funding Network WOME 4154410706 505 Sansome Street 2nd Floor San Francisco CA 94111 Michele Ozumba 4154410706 2012-11-13 1 Tracy S Paglia P00366884 2099556100 2011 2016-02-24 21:20:13Z Michele Ozumba 505 Sansome Street 2nd Floor San Francisco CA 94111 2592902 0 X www.womensfundingnetwork.org X 1990 MN See Page 2, Part III, Line 1 21 20 31 25 0 0 3795934 945111 711637 576479 35929 -2149 0 0 4543500 1519441 120651 128146 0 0 1765700 1417300 60425 0 579284 2484578 2025869 4431354 3571315 112146 -2051874 6588011 4084128 643657 208711 5944354 3875417 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 705364 10934 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. 577296 3337 153140 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. Coordinate Regional Convening: The diversity of WFN's members calls for working with members on a regional basis. WFN believes these convenings of member funds provide another valuable entry point for shared learning, mentorship, capacity building and leadership development for women's funds. Such meetings enable members to be engaged in co-creating the Network's collective impact indicators based on examining regional issues affecting the status of women and girls; regional grant making patterns by women's funds; and gaps analysis to reveal unmet need and opportunities.Online access to evaluation tools: To support member funds' grantmaking and capacity-building, both internally and with grantees. 325258 106 0 Research & Policy:In response to member funds' requests for current data, trends, and public policy analysis, WFN will undertake research and policy analysis as a larger aspect of its core work. Research will be conducted or commissioned on emerging issue relevant to the status of women and girls in areas of health, education, economic security, violence and environmental security. The goal is to create and maintain an up to date repository of resources that reflect credible data and information to advance the ability of members to make the case within their own networks and donor communities. 486843 113769 423339 Additional services including conferences and social enterprise services. 486843 113769 423339 2094761 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 42 0 1 31 1 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN X X Christopher Roesner 4154410706 505 Sansome Street 2nd Floor San Francisco CA 94111 Christine Grumm 40.00 X X 211131 0 23557 Michele Ozumba 40.00 X X 134054 0 12717 Elizabeth Schaffer 40.00 X X 141126 0 15454 Jim Bildner 4.00 X 0 0 0 Cecilia Boone 4.00 X 0 0 0 Donna Callejon 4.00 X X 0 0 0 Sally Crane 4.00 X 0 0 0 Dorothy Green 4.00 X 0 0 0 Mia Herndon 4.00 X 0 0 0 Shalini Nataraj 4.00 X 0 0 0 Ana Oliveira 4.00 X X 0 0 0 Judy Patrick 4.00 X 0 0 0 Cristina Regalado 4.00 X 0 0 0 Lee Roper-Batker 4.00 X X 0 0 0 Jane Sloane 4.00 X 0 0 0 Alandra Washington 4.00 X 0 0 0 Anne Mosle 4.00 X 0 0 0 Ayesha Mattu 4.00 X 0 0 0 Bisi Adeleye 4.00 X 0 0 0 Connie Robinson 4.00 X 0 0 0 Erica Waples 4.00 X 0 0 0 Jacki Zehner 4.00 X 0 0 0 Janet Riccio 4.00 X 0 0 0 Kayrita Anderson 4.00 X 0 0 0 Margo Franssen 4.00 X 0 0 0 Nicky McIntyre 4.00 X 0 0 0 Virginia Price 4.00 X 0 0 0 486311 0 51728 3 0 1 0 TriNet Employer Group Inc 1100 San Leandro Blvd San Leandro CA 94677 co-employment contract 1417300 1 945111 945111 Conference fees 900099 327632 327632 Membership dues 900099 153140 153140 Fee for service income 900099 95707 95707 576479 25955 25955 1045357 1072040 1421 -26683 -1421 -28104 -28104 1519441 576479 0 -2149 118146 118146 10000 10000 538039 272484 143008 122547 728007 368690 193502 165815 55091 27900 14643 12548 6326 3204 1681 1441 89837 45497 23878 20462 29970 20249 7776 1945 74010 74010 814926 523505 184685 106736 48450 30117 11220 7113 321475 227209 69550 24716 286148 150015 64992 71141 261176 166825 70959 23392 48420 38386 9865 169 2644 2644 33338 18622 6402 8314 12471 4751 5597 2123 Evaluation 52684 52684 0 0 Professional dvlpmnt. 29197 16160 7845 5192 Licenses & permits 7406 317 1459 5630 Bad debt expense 3554 0 3554 0 3571315 2094761 897270 579284 477672 525159 245864 403349 3108469 1440514 70648 4097 74939 106438 159111 120819 72151 38292 2506223 1534234 32045 32045 6588011 4084128 213964 87857 276000 0 75603 43000 13417 7806 64673 70048 643657 208711 X 873562 545401 5070792 3330016 5944354 3875417 6588011 4084128 X -2051874 -17063 X X 0 1 1 X 0 X 4910052 3056262 3859280 3795934 945111 16566639 4910052 3056262 3859280 3795934 945111 16566639 7865011 8701628 229900 239271 27139 24961 25955 547226 1990 2501 5470 9961 17123826 508077 0.50820 0.47780 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous receipts RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5348 5348 3565967 3571315 328566 82142 0 0 371568 328566 700134 1050201 4912 5348 10260 92892 82142 175034 262551 26495 11721 14774 132616 109098 23518 38292 Deferred rent 70048 70048 Description of Uncertain Tax Positions Under FIN 48: Part X: 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 WFNF under State of California Revenue and Taxation Code Section 23701(d), whereby 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, 2011 or 2010. 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 1 Womens Fund of Mississippi 120 North Congress St Suite 903 Jackson MS 39201 264419982 501(C)(3) 20000 Place-Based Grants New Mexico Community Fund 502 West Cordova Road Suite 1 Santa Fe NM 87505 850372005 501(C)(3) 40000 Place-Based Grants Lower East Side Girls Club 56 East 1st Street New York NY 10003 133922063 501(C)(3) 10000 LEAD Award as designated by Anne Delaney Michigan Women's Fund 333 W Fort Street Suite 1920 Detroit MI 48226 382689979 501(C)(3) 40000 Place-Based Grants 4 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 1 1 X X X X X 1 0 0 0 0 0 0 0 0 Christine Grumm 151131 0 0 0 60000 0 18618 0 4939 0 234688 0 0 0 Elizabeth Schaffer 141126 0 0 0 0 0 12219 0 3235 0 156580 0 0 0 Part I, Line 1a First-class travel was provided to Christine Grumm, Chief Executive Officer, and was not treated as her taxable compensation. Part I, Line 4a Christine Grumm, CEO was paid $60,000 as a separation payment at the time of termination. 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 $1,417,300. 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 Chief Financial Officer and incorporated into the Form 990 as appropriate. Form 990, Part VI, Section B, line 12c Board members review and update forms at the annual fall Board meeting. Form 990, Part VI, Section B, line 15 For 2011, 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 2011. For 2011, the organization hired a new Chief Executive Officer. 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -17,063. Audit committee and oversight Form 990, Part XII, Line 2c There have been no changes to this process from prior year. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0