Civic Intelligence

Women'S Fund of Central Ohio

EIN 31-1784310 • 501(c)3 • Columbus, OH

Profile

The women's fund of central ohio (wfco) was established in 2001. The mission of the women's fund is to tranform the lives of women and girls by mobilizing the collective power and passion of all women working together. This mission is accomplished through many avenues such as grantmaking in the priority areas of lifeskills for girls, leadership for women, and economic self sufficiency. The women's fund increases engagement and awareness of community issues by applying a gender lens and sharing this information through programming, communications, and research.

2323 West Fifth AvenueColumbus, OH 43204

www.womensfundcentralohio.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.07x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$196,607

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

65th percentile

9.2%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

20%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$7,438,223

Up $1,913,983 (+35%) from 2020

Liabilities

Down

$48,578

Down $99,426 (-67%) from 2020

Net Assets

Up

$7,389,645

Up $2,013,409 (+37%) from 2020

Operations
Liabilities / Revenue34th percentileNet Margin70th percentile

Revenue

Up

$2,546,715

Up $2,049,932 (+413%) from 2020

Expenses

Down

$940,704

Down $285,718 (-23%) from 2020

Net Income

Up

$1,606,011

Up $2,335,650 (+320%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $3,941,441Liabilities 2012: $61,544Net Assets 2012: $3,879,8972012Assets 2013: $4,249,206Liabilities 2013: $26,135Net Assets 2013: $4,223,0712013Assets 2014: $4,797,313Liabilities 2014: $30,792Net Assets 2014: $4,766,5212014Assets 2015: $5,999,678Liabilities 2015: $34,623Net Assets 2015: $5,965,0552015Assets 2016: $6,234,157Liabilities 2016: $102,869Net Assets 2016: $6,131,2882016Assets 2018: $6,556,340Liabilities 2018: $35,495Net Assets 2018: $6,520,8452018Assets 2019: $6,111,278Liabilities 2019: $50,700Net Assets 2019: $6,060,5782019Assets 2020: $5,524,240Liabilities 2020: $148,004Net Assets 2020: $5,376,2362020Assets 2022: $7,438,223Liabilities 2022: $48,578Net Assets 2022: $7,389,6452022

Highlighted filing

2022

Assets$7,438,223
Liabilities$48,578
Net Assets$7,389,645
Open 2022 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,023,7812012Expenses 2013: $980,8262013Revenue 2014: $1,378,750Expenses 2014: $1,025,310Net Income 2014: $353,4402014Revenue 2015: $2,297,070Expenses 2015: $1,083,374Net Income 2015: $1,213,6962015Revenue 2016: $1,573,704Expenses 2016: $1,221,464Net Income 2016: $352,2402016Revenue 2018: $1,844,190Expenses 2018: $1,711,840Net Income 2018: $132,3502018Revenue 2019: $888,135Expenses 2019: $1,528,932Net Income 2019: -$640,7972019Revenue 2020: $496,783Expenses 2020: $1,226,422Net Income 2020: -$729,6392020Revenue 2022: $2,546,715Expenses 2022: $940,704Net Income 2022: $1,606,0112022

Highlighted filing

2022

Revenue$2,546,715
Expenses$940,704
Net Income$1,606,011
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,438,223
Liabilities
$48,578
Net assets
$7,389,645
Revenue
$2,546,715
Expenses
$940,704
Net income
$1,606,011
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.44$0.05$7.39$2.55$0.94$1.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.52$0.15$5.38$0.50$1.23$0.73
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.11$0.05$6.06$0.89$1.53$0.64
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.56$0.04$6.52$1.84$1.71$0.13
2016Detailed filing. Detailed filing data is available for this year.$6.23$0.10$6.13$1.57$1.22$0.35
2015Detailed filing. Detailed filing data is available for this year.$6.00$0.03$5.97$2.30$1.08$1.21
2014Detailed filing. Detailed filing data is available for this year.$4.80$0.03$4.77$1.38$1.03$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$0.03$4.22$0.98
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.06$3.88$1.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 5, 2023
Return Version
2021v4.2
Gross Receipts
$4,812,510
Mission and Program Overview

Mission

The women's fund of central ohio (wfco) was established in 2001. The mission of the women's fund is to tranform the lives of women and girls by mobilizing the collective power and passion of all women working together. This mission is accomplished through many avenues such as grantmaking in the priority areas of lifeskills for girls, leadership for women, and economic self sufficiency. The women's fund increases engagement and awareness of community issues by applying a gender lens and sharing this information through programming, communications, and research.

Creating gender equality for women and girls in central ohio.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,878,578$6,584,574▲ $705,996
Savings and Temporary Cash Investments$775,961$817,448▲ $41,487
Pledges and Grants Receivable$101,598$27,656▼ $73,942
Prepaid Expenses and Deferred Charges$4,442$4,591▲ $149
Land, Buildings, and Equipment, Net$7,285$224▼ $7,061
Total Assets$6,771,597$7,438,223▲ $666,626
Other Assets Total$3,733$3,730▼ $3
Liabilities
Unsecured Notes Loans Payable$94,685$0▼ $94,685
Accounts Payable and Accrued Expenses$77,187$48,578▼ $28,609
Total Liabilities$171,872$48,578▼ $123,294
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,627,035$4,636,195▲ $1,009,160
Net Assets Without Donor Restrictions$2,972,690$2,753,450▼ $219,240
Total Net Assets Fund Balance$6,599,725$7,389,645▲ $789,920
Total Liabilities and Net Assets / Fund Balance$6,771,597$7,438,223▲ $666,626

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$224$89,836$90,060

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$5,878,578$1,400,000▼ $694,004-$6,584,574
2020$4,615,427-▲ $1,263,151-$5,878,578
2019$4,717,167-▼ $100,870-$4,615,427
2018$4,566,659$25,000▲ $153,681-$4,717,167
2017$4,303,825$106,950▲ $178,330-$4,566,659
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelley GriesmerCEOFT$181,217$26,715$207,932

Board Members and Trustees

NameTitle
Heather WhalingChair
Sophia FifnerChair Elect
Andrea PfaadtDirector
Anne BoninsegnaDirector
Carol AndreaeDirector
Christine MurryDirector
Dana SimsDirector
Denise MirmanDirector
Dr Shelley BirdDirector
Dr Sierra Austin-kingDirector
Jennifer BattleDirector
Katharine B BowmanDirector
Melissa MchenryDirector
Rebecca WigginsDirector
Ronnie Marquez-poseyDirector
Letha PughSecretary
Jennifer YarossTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,373,720
Program Service Revenue
$0
Investment Income
$172,995
Other Revenue
$0
All Other Contributions
$2,279,035
Change in Net Assets
$1,606,011

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,546,715
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-845,547
Total Revenue per Audited Statements
$1,701,168
Total Revenue per Form 990
$2,546,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$336,224
Salaries, Compensation, and Employee Benefits$334,780
Total Fundraising Expense$292,118
Grants and Similar Amounts Paid$269,700
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$269,700--$269,700
Current Officers, Directors, Trustees, and Key Employees$64,077-$149,513$213,590
Other Salaries and Wages$55,505$31,206$1,016$87,727
Occupancy$32,069$6,894$27,933$66,896
Fees for Services Other$25,129$21,277$17,088$63,494
Conferences and Meetings$1,627-$50,352$51,979
Fees for Service Investment Mgmnt Fees$50,625--$50,625
Fees for Services Accounting-$29,430-$29,430
Office Expenses$7,046$1,515$11,350$19,911
Advertising$9,925-$9,925$19,850
Payroll Taxes$7,801$2,107$9,524$19,432
Other Employee Benefits$7,011$2,996$4,024$14,031
Travel$4,641$998$4,042$9,681
Depreciation Depletion-$7,061-$7,061
Insurance$2,694$579$2,346$5,619
Information Technology-$4,611$900$5,511
Other Expenses-$2,062$-3,967$-3,967
Total Functional Expenses$537,850$110,736$292,118$940,704

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$940,704
Total Expenses per Audited Statements$911,248
Expenses per Audited Statements$890,079
Expenses Not Reported on Financial Statements$50,625
Other Expense Adjustments$50,625
Expenses Not Reported on Form 990$21,169
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central Community HouseColumbus, OH501c3Transit Arts Black Girls Glow$20,000
FemergyColumbus, OH501c3Ghro Your Future$20,000
Innovation Ohio Education FundColumbus, OH501c3The Ohio Womens Public Policy Network (wppn)$20,000
My Project USAColumbus, OH501c3Leadership and Empowerment for Immigrant and Refugee Girls$20,000
Planned Parenthood of Greater OhioColumbus, OH501c3The Ohio Center for Sex Education Peer Education Program$20,000
Policy Matters OhioCleveland, OH501c3IMPROVING CHILDCARE: POLICY AGENDA AND IMPROVING OHIOS CHILDCARE ASSISTANCE$20,000
The Lead Ohio FoundationColumbus, OH501c3Women Leading Ohio$20,000
Thrivein (a Seat at Our Table)Columbus, OH501c3Workspace$20,000
We Amplify VoicesColumbus, OH501c3We, the Change Girls Leadership Intensive$20,000
Ice MentorsColumbus, OH501c3SHE'S GOLD LEADERSHIP PROGRAM, ERYN PINK SCHOOL PROGRAM & GIVE THAT GIRL THE MIC: COLUMBUS' ALL GIRL TALENT SHOWCASE$15,000
Helpline of Delaware and Morrow CountiesDelaware, OH501c3Thank Goodness Im Female (t.g.i.f.) Leadership Cohort$10,000
League of Women Voters of Ohio EducationColumbus, OH501c3WOMEN'S VOICES: NEXT GENERATION OF WOMEN LEADERS$10,000
New Directions Career CenterColumbus, OH501c3Womens Advocacy Program$10,000
OHIO WOMEN'S ALLIANCEGahanna, OH501c3Advocates for a Better Ohio$10,000
Proyecto MariposasWesterville, OH501c3Valiente, Fuerte, Latina (brave, Strong, Latina)$10,000
Women Have OptionsColumbus, OH501c3Protecting Abortion Access$10,000
Girls on the Run of Central OhioColumbus, OH501c3Girls on the Run of Central Ohio Columbus City Schools$9,700
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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
No
Management duties delegated
No

Governance Explanations

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

“The return is initially reviewed by the board treasurer, the chair of the audit committee and by the ceo. The return is then presented to the full board for its review and approval prior to its filing with the irs.”

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

“The conflict of interest policy is signed upon agreement to serve on the board and with staff at the time of employment. Any conflicts that arise after signing are to be brought forth at that time.”

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

“The selections committee checked comparable compensation through the women's funding network. They had access to an executive recruiter's report on local non-profit compensation based on budget, direct reports, and scope of responsibility. The selections committee substantiates the deliberation and decision process of setting the president and ceo compensation by completing meeting summaries and filing reports for the hr file. The president and ceo does have a signed contract that reflects salary and is kept in the hr file. The organization does not compensate any other officers and does not have key employees beyond the ceo/president. However, a similar process for determining compensation for other officers/key employees would be employeed in the event the organization structure changes and a decision is made to compensate these individuals.”

Form 990, Part VI, Section C, Line 18

“The forms 1023 and 990 are available for public inspection upon request. Further, the form 990 is available for public inspection via another's website, www.guidestar.org.”

Form 990, Part VI, Section C, Line 19

“This organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
WOMEN'S FUND OF CENTRAL OHIO
EIN
31-1784310
Phone
6142259926
Address
2323 WEST FIFTH AVENUE, COLUMBUS, OH 43204

Signing Officer

Name
Kelley Griesmer
Title
President & CEO
Phone
6142259926
Signed
2023-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelley Griesmer
Formed
2001
Legal Domicile
Oh
Voting Board Members
17
Independent Board Members
17
Employees
7
Volunteers
350

Preparer

Firm
Gbq Partners LLC
Address
230 WEST STREET SUITE 700, COLUMBUS, OH 43215
Preparer
Kathy M Moseley
Phone
6142211120
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Decrease in beneficial interest in assets held by others -3.”

Form 990, Part XII, Line 2C

“The women's fund audit committee oversees the audit and are involved with the selection of the independent accounting firm. The audit committee is made up of board members, non-board members, and the board treasurer. The committee meets with the auditors with and without staff present and the treasurer later presents audit results to the full board. This process is unchanged from the prior year.”

Form 990, Part V, Line 2A

“This company leases employees through an independent professional employer organization (peo) and they are compliant with all federal requirements.”

Financial Statement Notes

PART V, LINE 4:

“The endowment funds for the women's fund are currently used for long term investment for future grantmaking. All grants are invested in social change for women and girls in the areas of life skills for women and girls, leadership for women and girls, and economic sustainability for women.”

PART X, LINE 2:

“Wfco has adopted the provisions of the fasb asc relating to uncertain tax positions. Wfco does not believe its financial statements include any uncertain tax provisions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Investment fees -50,625. Decrease in beneficial interest held by others -3.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“INVESTMENT FEES 50,625.”

Raw XML AppendixShowing 400 of 759 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0CREATING GENDER EQUALITY FOR WOMEN AND GIRLS IN CENTRAL OHIO.
IRS990/AdvertisingGrp/FundraisingAmt09925
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IRS990/Desc0THE WORK OF THE WOMEN'S FUND, IN ADDITION TO BEING A FUNDER/GRANTMAKER, IS BEING AN ORGANIZATION THAT RAISES AWARENESS AND EDUCATION ABOUT SOCIAL CHANGE FOR WOMEN/GIRLS, WHAT IT MEANS TO APPLY A GENDER LENS TO COMMUNITY ISSUES, AND FUNDAMENTALLY/PROGRAMMATICALLY DEVELOPS WOMEN AS PHILANTHROPISTS. THIS WORK OF THE ORGANIZATION IS SIGNIFICANTLY DEMONSTRATED AT THE ANNUAL KEYHOLDER EVENT WHERE OVER 2,000 COMMUNITY GUESTS ARE IN ATTENDANCE.
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