Civic Intelligence

Women'S Forum Inc

990 • Fiscal year 2016 • EIN 13-2857308

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 16, 2017

59 E 54th Street Suite 81New York, NY 10022

(212) 447-9107

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.07x

Higher debt load relative to assets than 57% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.09x

Higher debt load relative to revenue than 56% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Net Margin

23rd percentile

-6.6%

Higher net margin than 23% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

95th percentile

$152,250

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 21.7% of source-year revenue.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Asset Growth

36th percentile

-0.7%

Faster asset growth than 36% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-45%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$821,065

Down $5,952 (-0.7%) from 2015

Net Assets

Down

$760,927

Down $8,096 (-1.1%) from 2015

Liabilities

Up

$60,138

Up $2,144 (+3.7%) from 2015

Revenue

Down

$701,104

Down $571,545 (-45%) from 2015

Expenses

Down

$747,511

Down $297,187 (-28%) from 2015

Net Income

Down

-$46,407

Down $274,358 (-120%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $805,646Liabilities 2011: $320,080Net Assets 2011: $485,5662011Assets 2012: $542,820Liabilities 2012: $16,731Net Assets 2012: $526,0892012Assets 2013: $659,849Liabilities 2013: $18,939Net Assets 2013: $640,9102013Assets 2014: $634,574Liabilities 2014: $26,814Net Assets 2014: $607,7602014Assets 2015: $827,017Liabilities 2015: $57,994Net Assets 2015: $769,0232015Assets 2016: $821,065Liabilities 2016: $60,138Net Assets 2016: $760,9272016Assets 2017: $926,748Liabilities 2017: $91,506Net Assets 2017: $835,2422017Assets 2018: $886,465Liabilities 2018: $49,213Net Assets 2018: $837,2522018Assets 2019: $1,014,402Liabilities 2019: $78,382Net Assets 2019: $936,0202019Assets 2020: $984,605Liabilities 2020: $77,127Net Assets 2020: $907,4782020Assets 2021: $980,683Liabilities 2021: $55,860Net Assets 2021: $924,8232021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2016

Assets$821,065
Liabilities$60,138
Net Assets$760,927

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $171,157Expenses 2011: $126,529Net Income 2011: $44,6282011Expenses 2012: $494,7572012Revenue 2013: $675,535Expenses 2013: $601,592Net Income 2013: $73,9432013Revenue 2014: $672,156Expenses 2014: $683,961Net Income 2014: -$11,8052014Revenue 2015: $1,272,649Expenses 2015: $1,044,698Net Income 2015: $227,9512015Revenue 2016: $701,104Expenses 2016: $747,511Net Income 2016: -$46,4072016Revenue 2017: $920,500Expenses 2017: $913,473Net Income 2017: $7,0272017Revenue 2018: $841,359Expenses 2018: $754,500Net Income 2018: $86,8592018Revenue 2019: $968,401Expenses 2019: $938,374Net Income 2019: $30,0272019Revenue 2020: $970,028Expenses 2020: $1,054,501Net Income 2020: -$84,4732020Revenue 2021: $988,897Expenses 2021: $1,032,163Net Income 2021: -$43,2662021Revenue 2022: $1,017,011Expenses 2022: $1,091,744Net Income 2022: -$74,7332022

Highlighted filing

2016

Revenue$701,104
Expenses$747,511
Net Income-$46,407
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 16, 2017
Return Version
2016v3.0
Gross Receipts
$838,429
Mission and Program Overview

Mission

The women's forum is a community where pre-eminent new york women leaders of diverse achievement come together to make a difference for each other and to take an active leadership role in matters of importance to them.

The women's forum inc. "wfi" is new york's premier organization of women leaders comprised of the highest women achievers across all professional sectors from finance to fine arts.wfi advances women's leadership three ways:- through our core programming which provides personal and professional enrichment to our members - through our education fund which provides education awards to high potential women whose careers have been derailed by adversity - through our board initiative which expands and extends the contribution of women leaders through participation on corporate and civic boards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$458,994$536,656▲ $77,662
Cash and Non-Interest-Bearing Accounts$184,862$172,628▼ $12,234
Prepaid Expenses and Deferred Charges$5,630$27,705▲ $22,075
Land, Buildings, and Equipment, Net$25,371$24,560▼ $811
Savings and Temporary Cash Investments$55,807$19,882▼ $35,925
Accounts Receivable$71,713$14,048▼ $57,665
Total Assets$827,017$821,065▼ $5,952
Other Assets Total$24,640$25,586▲ $946
Liabilities
Other Liabilities$26,909$31,862▲ $4,953
Accounts Payable and Accrued Expenses$27,085$16,676▼ $10,409
Deferred Revenue-$7,600-
Escrow Account Liability$4,000$4,000→ $0
Total Liabilities$57,994$60,138▲ $2,144
Net Assets / Fund Balance
Unrestricted Net Assets$769,023$760,927▼ $8,096
Total Net Assets Fund Balance$769,023$760,927▼ $8,096
Total Liabilities and Net Assets / Fund Balance$827,017$821,065▼ $5,952

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,560$13,031$37,591
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rita B CrottyExecutive DirectorFT$145,000$7,250$152,250

Board Members and Trustees

NameTitle
Carolyn CarterPresident
Ami KaplanPresident-term Ended 1/2016
Ann Misiaszek SarnoffVice President
Liz NeumarkVice President-term Ended 1/2016
Alexandra Wilkis WilsonDirector
Anne Donovan BodnarDirector
Charlotte St MartinDirector
Janet RolleDirector
Jonelle ProcopeDirector
Julia KahrDirector
Linda AddisonDirector
Monika MachonDirector
Pamela BaxterDirector
Rikki KliemanDirector
Susan Davenport AustinDirector
Lauren C AndersonDirector Term Ended 1/2016
Eugenia UlasewiczDirector-term Ended 1/2016
Jane ChmielinskiDirector-term Ended 1/2016
Lisa DennisonDirector-term Ended 1/2016
Lisa Garcia QuirozDirector-term Ended 1/2016
Sheena WrightDirector-term Ended 4/2016
Catherine KeatingSecretary
Anu JayantiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$593,679
Investment Income
$3,425
Other Revenue
$99,000
All Other Contributions
$5,000
Change in Net Assets
$-46,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$450,717
Salaries, Compensation, and Employee Benefits$296,794
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$121,800$30,450-$152,250
Other Salaries and Wages$68,399$45,601-$114,000
Occupancy$60,007$24,284-$84,291
Information Technology-$44,186-$44,186
Office Expenses$7,825$23,948-$31,773
Fees for Services Accounting-$29,500-$29,500
Travel$28,265--$28,265
Payroll Taxes$14,396$5,826-$20,222
Conferences and Meetings$9,154--$9,154
Depreciation Depletion-$6,652-$6,652
Advertising$6,274--$6,274
Pension Plan Contributions$3,420$2,280-$5,700
Insurance$3,420$1,384-$4,804
Other Employee Benefits$2,758$1,864-$4,622
Fees for Services Other-$1,740-$1,740
Other Expenses$41,980$1,732-$1,732
Fees for Service Investment Mgmnt Fees-$1,000-$1,000
Total Functional Expenses$527,064$220,447$0$747,511
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$31,862
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

In 2016 women's forum amended their by-laws the following are the significant changes: (1) a change in the time period after which the failure to pay annual dues will result in loss of membership, (2) changes to update the role descriptions and responsibilities of the "board officers" (president, vice president, treasurer and secretary),(3) changes to make a distinction between committees of the board and committees of the organization, and to specify the general composition and selection process of committees, as well as certain limitation on the scope of authority of the committees; and (4) the addition of a provision requiring the women's forum to provide indemnification to the fullest extent permitted by law to any director, officer, committee member or employee for judgments, fines, other amounts and reasonable expenses incurred by them in certain lawsuits and proceedings arising in connection with their service to the women's forum, subject to certain conditions and standards of conduct having been met.

Form 990, Part VI, Section A, Line 6

The members shall be fixed by the board of directors from time to time, but shall not be less than 101.

Form 990, Part VI, Section A, Line 7A

The officers, directors, and membership-elected members of committees shall be elected at the annual meeting of the membership.

Form 990, Part VI, Section A, Line 7B

Amendments to the by-laws of the organization require the approval of the members.

Form 990, Part VI, Section B, Line 11B

The women's forum 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 board treasurer, a member of the finance committee, a former member of the executive committee of the board and the executive director with the outside accounting firm. Once it is ready to be filed with the internal revenue service ("irs"), it is electronically sent to the board members of the organization.

Form 990, Part VI, Section B, Line 12C

The women's forum has a conflict of interest policy. In accordance with the policy a conflict of interest statement is completed annually by directors and officers as well as management staff. If there is a potential conflict at the board level, the member will recuse herself from deliberations and voting on that issue.

Form 990, Part VI, Section B, Line 15A

The executive committee of the board completed a review of the executive director's compensation in december 2014. Comparable data from similar organizations was used to determine her salary. The board documented their review, and approval of the executive director's compensation.

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 and by-laws are also available upon written request at 59 east 54th street suite 81, new york, ny 10022 or by calling the organization directly at (212)-447-9107.

Filing and Contact Details

Filer

Filer Name
Womens Forum Inc
EIN
13-2857308
Phone
2124479107
Address
59 E 54TH STREET SUITE 81, NEW YORK, NY 10022

Signing Officer

Name
Anuradha T Jayanti
Title
Treasurer
Phone
2124479107
Signed
2017-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rita B Crotty
Formed
1974
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
23

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
500 MAMARONECK AVENUE, HARRISON, NY 10528-1633
Preparer
Garrett Higgins
Phone
9143818900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has delegated responsibility for oversight of the audit of its financial statements to the executive committee. This process has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The organization holds security deposits for tenants in an escrow account. These deposits are returned to the tenants once they move out of the office space.

PART X, LINE 2:

The women's forum 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 had no uncertain tax positions that would require financial statement recognition or disclosure. The women's forum is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to december 31, 2013.

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IRS990/ActivityOrMissionDesc0THE WOMEN'S FORUM INC. "WFI" IS NEW YORK'S PREMIER ORGANIZATION OF WOMEN LEADERS COMPRISED OF THE HIGHEST WOMEN ACHIEVERS ACROSS ALL PROFESSIONAL SECTORS FROM FINANCE TO FINE ARTS.WFI ADVANCES WOMEN'S LEADERSHIP THREE WAYS:- THROUGH OUR CORE PROGRAMMING WHICH PROVIDES PERSONAL AND PROFESSIONAL ENRICHMENT TO OUR MEMBERS - THROUGH OUR EDUCATION FUND WHICH PROVIDES EDUCATION AWARDS TO HIGH POTENTIAL WOMEN WHOSE CAREERS HAVE BEEN DERAILED BY ADVERSITY - THROUGH OUR BOARD INITIATIVE WHICH EXPANDS AND EXTENDS THE CONTRIBUTION OF WOMEN LEADERS THROUGH PARTICIPATION ON CORPORATE AND CIVIC BOARDS.
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IRS990/Desc0PROGRAMMING, MEMBERSHIP DEVELOPMENT AND NETWORKING OPPORTUNITIES - THE ORGANIZATION HOSTS A WIDE VARIETY OF MONTHLY PROGRAMS FEATURING TOP SPEAKERS IN THE FIELD OF PUBLIC AFFAIRS, INDUSTRY, GOVERNMENT, SCIENCE. WOMEN'S FORUM IS ALSO A MEMBER OF THE INTERNATIONAL WOMEN'S FORUM, WHICH ALSO OFFERS PROGRAMMING AND NETWORKING OPPORTUNITIES TO THE MEMBERSHIP.
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IRS990/Form990PartVIISectionAGrp/PersonNm13RIKKI KLIEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14MONIKA MACHON
IRS990/Form990PartVIISectionAGrp/PersonNm15JONELLE PROCOPE
IRS990/Form990PartVIISectionAGrp/PersonNm16LISA GARCIA QUIROZ
IRS990/Form990PartVIISectionAGrp/PersonNm17JANET ROLLE
IRS990/Form990PartVIISectionAGrp/PersonNm18EUGENIA ULASEWICZ
IRS990/Form990PartVIISectionAGrp/PersonNm19ALEXANDRA WILKIS WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm20SHEENA WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm21SUSAN DAVENPORT AUSTIN
IRS990/Form990PartVIISectionAGrp/PersonNm22CHARLOTTE ST MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm23RITA B CROTTY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23145000
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT-TERM ENDED 1/2016
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT-TERM ENDED 1/2016
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR TERM ENDED 1/2016
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR-TERM ENDED 1/2016
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR-TERM ENDED 1/2016
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR-TERM ENDED 1/2016
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR-TERM ENDED 1/2016
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR-TERM ENDED 4/2016
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0536656
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IRS990/MissionDesc0THE WOMEN'S FORUM IS A COMMUNITY WHERE PRE-EMINENT NEW YORK WOMEN LEADERS OF DIVERSE ACHIEVEMENT COME TOGETHER TO MAKE A DIFFERENCE FOR EACH OTHER AND TO TAKE AN ACTIVE LEADERSHIP ROLE IN MATTERS OF IMPORTANCE TO THEM.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt024000
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IRS990/NetUnrlzdGainsLossesInvstAmt038311
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IRS990/OccupancyGrp/ProgramServicesAmt060007
IRS990/OccupancyGrp/TotalAmt084291
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IRS990/OfficeExpensesGrp/ProgramServicesAmt07825
IRS990/OfficeExpensesGrp/TotalAmt031773
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
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IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt068399
IRS990/OtherSalariesAndWagesGrp/TotalAmt0114000
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IRS990/PayrollTaxesGrp/ProgramServicesAmt014396
IRS990/PayrollTaxesGrp/TotalAmt020222
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03420
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027705
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATIONAL FORUMS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt184023
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0509656
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt184023
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CORPORATE BOARD INITIATIVE - SEE SCHEDULE OTHE CORPORATE BOARD INITIATIVE WAS INAUGURATED IN 2011 TO HELP GENERATE BALANCE ON CORPORATE BOARDS. WOMEN ARE CRITICAL STAKEHOLDERS IN EVERY BUSINESS AS CONSUMERS, EMPLOYEES AND SHAREHOLDERS - YET THEY HOLD LESS THAN 20% OF BOARD SEATS IN FORTUNE 500 COMPANIES, REFLECTING A STAGNANT GROWTH RATE OF LESS THAN 1/2% PER YEAR SINCE 1995. TODAY THERE IS AN ABUNDANT SUPPLY OF QUALIFIED WOMEN IN CORPORATIONS WHO ARE READY FOR BOARDS BUT ARE NOT CONNECTING TO OPPORTUNITIES. THROUGH TWO KEY PLATFORMS: AN OUTREACH TO SENIOR GAME CHANGERS OF LEADING COMPANIES AND A DATA BASE OF UNIQUELY VETTED QUALIFIED WOMEN FOR BOARD POSITIONS, THE CORPORATE BOARD INITIATIVE IS ADVANCING WOMEN'S LEADERSHIP ON CORPORATE BOARDS. THE WOMEN'S FORUM ASKS CEOS TO HELP QUALIFIED WOMEN MAKE THAT CONNECTION BY SPONSORING THEM IN OUR DATABASE WHICH CAN BE ACCESSED FREE OF CHARGE TO BOARD NOMINATING COMMITTEES AND SEARCH FIRMS. THESE CANDIDATES HAVE UNIQUE APPEAL BECAUSE THEY ARE ALREADY VETTED BY CEO SPONSORSHIP. THROUGH THE CORPORATE BOARD INITIATIVE THE WOMEN'S FORUM INC HAS ALSO ESTABLISHED A RESOURCE CENTER WITH MATERIALS TO HELP PREPARE WOMEN SEEKING A SEAT ON A CORPORATE BOARD.
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IRS990/PYOtherExpensesAmt0765844
IRS990/PYOtherRevenueAmt081000
IRS990/PYProgramServiceRevenueAmt01147685
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IRS990/PYTotalExpensesAmt01044698
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01272649

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