2011-08-04T13:18:29-05:00 2010-12-31 Moss Adams LLP 3121 West March Lane Suite 100 Stockton CA 95219 990 2010-01-01 411685134 Women's Funding Network WOME 4154410706 505 Sansome Street 2nd Floor San Francisco CA 94111 Elizabeth Schaffer 4154410706 2011-07-15 1 2099556100 2010 2016-02-24 21:20:13Z Christine Grumm 505 Sansome Street 2nd Floor San Francisco CA 94111 5929062 0 X www.womensfundingnetwork.org X 1990 MN See Page 2, Part III, Line 1 24 23 0 25 0 0 3859280 3795934 571000 711637 27634 35929 -2156707 0 2301207 4543500 190609 120651 0 0 282620 1765700 87153 60425 562040 3435489 2484578 3995871 4431354 -1694664 112146 5936919 6588011 259242 643657 5677677 5944354 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 434924 11500 Leadership - The WFN's leadership programs bring together women of all backgrounds who share similar interests and wish to increase their social justice impact. Building on the success of our existing leadership development models, this initiative strengthens the skill sets and builds the confidence of new and seasoned leaders throughout the women's funding movement, so they may become change makers at all levels of society, advocating for better health care, violence prevention, educational reform, racial and gender equity, and equal opportunities for all to thrive. Specific activities in 2010 include: a cohort focused on creating sustainable business models for women's funds, U.S. regional convenings, and a new coaching protocol. 456263 2700 Philanthropic Engagement - WFN's philanthropic engagement activities engage diverse groups of donors in social change philanthropy through proven cultivation strategies. Seeking to propel women's giving to women's issues to dramatic new levels, Women Moving Millions inspired gifts of $1M or more to transform the lives and opportunities of women and communities around the world. This innovative campaign exceeded the campaign goal of $150 million by raising $197 million by December 2010. It also made a lasting difference to women's funds major fundraising abilities by providing one-on-one fundraising coaching for staff and board members of women's funds. In addition, WFN incubated two new initiatives in 2010: the Black Women Donors Action Group and Reproductive Health Messaging. 968539 50000 5325 Civic Engagement - WFN's civic engagement strategies drive a shared policy platform throughout the Network, member funds, and their grantees. The Women's Economic Security Campaign ("WESC") harnesses the power and resources of women's funds across the country to increase opportunity for low-income women and their families. A Future. Not a Past. ("AFNAP") is focused on ending sex trafficking of children in the United States. 1429974 59151 703612 Member Services, Conference, Grantmaking, Impact Evaluation, Social Enterprise 1429974 59151 703612 3289700 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 1 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 57 0 1 0 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN X X X Elizabeth Schaffer 4154410706 505 Sansome Street 2nd Floor San Francisco CA 94111 Christine Grumm 40.00 X X 189902 0 24396 Bisi Adeleye-Fayemi 4.00 X 0 0 0 Kayrita Anderson 4.00 X 0 0 0 Jim Bildner 4.00 X 0 0 0 Cecilia Boone 4.00 X 0 0 0 Donna Callejon 4.00 X 0 0 0 Sally Crane 4.00 X 0 0 0 Margot Franssen 4.00 X 0 0 0 Dorothy Green 4.00 X 0 0 0 Mia Herndon 4.00 X 0 0 0 Ayesha Mattu 4.00 X X 0 0 0 Nicky McIntyre 4.00 X 0 0 0 Anne Mosle 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 Virginia Price 4.00 X X 0 0 0 Cristina Regalado 4.00 X X 0 0 0 Janet Riccio 4.00 X 0 0 0 Connie Robinson 4.00 X 0 0 0 Lee Roper-Batker 4.00 X 0 0 0 Jane Sloane 4.00 X 0 0 0 Erica Waples 4.00 X 0 0 0 Jacki Zehner 4.00 X X 0 0 0 Elizabeth Schaffer 24.00 X 93232 0 9386 Gretchen McComb 40.00 X 125490 0 14872 Deborah Richardson 40.00 X 138283 0 19251 546907 0 67905 3 0 1 0 TriNet Employer Group Inc 1100 San Leandro Blvd San Leandro CA 94677 co-employment contract 1642216 1 3795934 3795934 Fee for service income 900099 267703 267703 Membership dues 900099 261109 261109 Conference fees 900099 182825 182825 711637 24961 24961 1396530 1385562 10968 10968 10968 4543500 711637 0 35929 120651 120651 316916 198716 67211 50989 1246301 819676 177018 249607 93507 60917 14609 17981 843 549 132 162 108133 70446 16894 20793 16983 11545 3653 1785 96820 82445 9657 4718 60425 60425 1239920 1105486 132079 2355 54814 34556 8236 12022 309218 233235 51455 24528 274525 169198 48131 57196 378569 306547 30058 41964 17991 15851 2140 3467 3467 34911 21304 6010 7597 11985 6771 2871 2343 Professional dvlpmnt. 34816 22694 4547 7575 Evaluation 5588 5588 0 0 Licenses & permits 4897 3525 1372 0 Bad debt expense 74 0 74 0 4431354 3289700 579614 562040 290602 477672 9689 245864 2784461 3108469 46748 70648 76798 74939 177238 105087 85918 72151 2618280 2506223 24423 32045 5936919 6588011 179056 213964 276000 10800 75603 18009 13417 51377 64673 259242 643657 X 590458 873562 5087219 5070792 5677677 5944354 5936919 6588011 X 112146 154531 X X 0 1 1 X 0 X 6663188 4910052 3056262 3859280 3795934 22284716 6663188 4910052 3056262 3859280 3795934 22284716 11286928 10997788 191716 229900 239271 27139 24961 712987 8172 1990 2501 5470 18133 23015836 251205 0.47780 0.51120 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous receipts RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 4912 0 4912 0 4426442 0 4431354 0 371568 0 92892 0 0 0 0 0 0 371568 371568 557352 0 0 0 4912 4912 0 0 0 92892 92892 139338 26495 6421 20074 150743 98666 52077 72151 Deferred rent 64673 64673 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, 2010 or 2009. X X X X X 1 Morning Coffee Inc 425 1/2 West Lime Avenue Monrovia CA 91016 Major donor consulting and cultivation 0 78005 60425 17580 78005 60425 17580 CA MN 1 Michigan Women's Foundation 18530 Mack Avenue Suite 562 Grosse Pointe Farms MI 48236 382689979 501(C)(3) 20000 Support of implementation costs associated with the Angel Investment Fund. Women's Fund of Mississippi 120 North Congress St Suite 903 Jackson MS 39201 264419982 501(C)(3) 20000 Support of implementation costs associated with two anti-poverty initiatives: reducing of teen pregnancy, and capping the interest rate on Payday Loans. Women's Foundation of Minnesota 155 Fifth Avenue South Suite 500 Minneapolis MN 55401 411635761 501(C)(3) 20000 Replication of A Future. Not A Past. strategies aimed at reducing sex-trafficking of minors in Minnesota. The New York Women's Foundation 434 West 33rd Street 8th Floor New York NY 10001 133457287 501(C)(3) 10000 Replication of A Future. Not A Past. strategies aimed at reducing sex-trafficking of minors in New York. American Jewish World Service 45 West 36th Street 11th Floor New York NY 10018 222584370 501(C)(3) 10000 LEAD Award designee. Boston Women's Fund 14 Beacon Street Suite 805 BOSTON MA 02108 222475551 501(C)(3) 8000 Smart Growth (TM) training and support for organizational development. 6 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 0 0 0 0 0 0 0 0 0 Christine Grumm 189902 0 0 0 0 0 19236 0 5160 0 214298 0 0 0 Deborah Richardson 138283 0 0 0 0 0 14091 0 5160 0 157534 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. 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. In 2010, the co-employment relationship supported 20 staff members and 6 temporary staff, totaling 19.71 FTE. Total personnel costs (including salaries, benefits, payroll taxes and fees) were $1,765,701. 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 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 2010, 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 June 2010. For 2010, the Chief Executive Officer received a salary increase, and the Chief Financial Officer received a cost of living adjustment. Both adjustments were in line with the researched and Committee-reviewed salary survey benchmarks that had been conducted for all levels of Executive Management team. 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 gains on investments: 154,531. 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) 11A N/A 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0