Liabilities / Assets
72nd percentile
Higher debt load relative to assets than 72% of similar nonprofits.
The Michigan Womens Foundation
990 • Fiscal year 2016 • EIN 38-2689979
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.35x
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
75th percentile
Higher net margin than 75% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 12.9% of source-year revenue.
Asset Growth
90th percentile
Faster asset growth than 90% of similar nonprofits.
Revenue Growth
23rd percentile
Faster revenue growth than 23% of similar nonprofits.
Balance Sheet
Assets
Up$2,831,215
Up $843,714 (+42%) from 2015
Net Assets
Up$1,844,260
Up $275,244 (+18%) from 2015
Liabilities
Up$986,955
Up $568,470 (+136%) from 2015
Revenue And Expenses
Revenue
Down$1,723,339
Down $208,672 (-11%) from 2015
Expenses
Down$1,472,879
Down $103,524 (-6.6%) from 2015
Net Income
Down$250,460
Down $105,148 (-30%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2015 to Sep 30, 2016
- Signed
- Mar 2, 2017
- Return Version
- 2015v3.0
- Gross Receipts
- $2,052,688
Mission and Program Overview
Mission
Mwf is a community development financial institution whose mission is to expand economic opportunity for women and entrepreneurs of color by providing access to capital and business resources. Mwf celebrates outstanding women by honoring their leadership contributions to the community, economy, and our state.
Working to eliminate barriers to economic and social equality for michigan women and girls by developing a scalable model across michigan, which provides access to capital and a strong entrepreneurial ecosystem for women starting and growing businesses. Creating and supporting programs to develop leadership, foster social change and empower middle and high school girls.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $629,819 | $1,099,240 | ▲ $469,421 |
| Investments in Publicly Traded Securities | $694,680 | $834,698 | ▲ $140,018 |
| Other Notes and Loans Receivable, Net | $279,198 | $674,907 | ▲ $395,709 |
| Pledges and Grants Receivable | $341,302 | $204,865 | ▼ $136,437 |
| Land, Buildings, and Equipment, Net | $15,588 | $11,554 | ▼ $4,034 |
| Accounts Receivable | $17,132 | $2,500 | ▼ $14,632 |
| Prepaid Expenses and Deferred Charges | $6,575 | $244 | ▼ $6,331 |
| Total Assets | $1,987,501 | $2,831,215 | ▲ $843,714 |
| Other Assets Total | $3,207 | $3,207 | → $0 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $318,661 | $864,661 | ▲ $546,000 |
| Accounts Payable and Accrued Expenses | $92,208 | $122,294 | ▲ $30,086 |
| Other Liabilities | $7,616 | $0 | ▼ $7,616 |
| Total Liabilities | $418,485 | $986,955 | ▲ $568,470 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $874,757 | $1,247,803 | ▲ $373,046 |
| Permanently Rstr Net Assets | $752,780 | $752,780 | → $0 |
| Unrestricted Net Assets | $-58,521 | $-156,323 | ▼ $97,802 |
| Total Net Assets Fund Balance | $1,569,016 | $1,844,260 | ▲ $275,244 |
| Total Liabilities and Net Assets / Fund Balance | $1,987,501 | $2,831,215 | ▲ $843,714 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $11,554 | $36,131 | $47,685 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2016 | $785,155 | $8,845 | ▲ $74,416 | $40,761 | $818,810 |
| 2015 | $835,648 | $12,679 | ▼ $22,643 | $27,850 | $785,155 |
| 2014 | $795,852 | $12,441 | ▲ $67,672 | $27,876 | $835,648 |
| 2013 | $847,162 | $12,084 | ▲ $59,801 | $111,111 | $795,852 |
| 2012 | $749,051 | $12,930 | ▲ $138,936 | $40,675 | $847,162 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Carolyn Cassin | President & CEO | FT | $200,000 | $21,606 | $221,606 |
Board Members and Trustees
| Name | Title |
|---|---|
| Joan Budden | Board Chair |
| Jacqueline D Taylor | Immediate Past Chair |
| Pamela Enslen | Vice Chair |
| Alexis Dishman | Trustee |
| Carol Hustoles | Trustee |
| Denise Christy | Trustee |
| Elizabeth Joy Fossel | Trustee |
| Joceyln K Allen | Trustee |
| Karen Nicklin | Trustee |
| Karen Patricia William | Trustee |
| Katherine Hutter Martini | Trustee |
| Kelly Rossman-mckinney | Trustee |
| Kirsten Wood | Trustee |
| Lauren Eisbrenner | Trustee |
| Linda Gillum | Trustee |
| Marge Byington Potter | Trustee |
| Maura Corrigan | Trustee |
| Michelle Rabideau | Trustee |
| Pam Hankins | Trustee |
| Stephanie Naito | Trustee |
| Terry Merritt | Trustee |
| Ina Fernandez | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,732,134
- Program Service Revenue
- $0
- Investment Income
- $72,651
- Other Revenue
- $-81,446
- All Other Contributions
- $1,157,184
- Change in Net Assets
- $250,460
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,723,339
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $129,589
- Total Revenue per Audited Statements
- $1,852,928
- Total Revenue per Form 990
- $1,723,339
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $757,528 |
| Other Expenses | $645,351 |
| Total Fundraising Expense | $271,237 |
| Grants and Similar Amounts Paid | $70,000 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $298,039 | $87,505 | $72,487 | $458,031 |
| Fees for Services Other | $171,165 | $6,149 | $111,435 | $288,749 |
| Current Officers, Directors, Trustees, and Key Employees | $146,127 | $40,802 | $34,676 | $221,605 |
| Grants to Domestic Individuals | $70,000 | - | - | $70,000 |
| Fees for Services Accounting | $51,602 | $8,368 | $9,763 | $69,733 |
| Payroll Taxes | $33,620 | $9,871 | $8,177 | $51,668 |
| All Other Expenses | $39,075 | $4,079 | $2,574 | $45,728 |
| Occupancy | $31,467 | $5,103 | $5,953 | $42,523 |
| Other Employee Benefits | $19,406 | $3,147 | $3,671 | $26,224 |
| Travel | $13,558 | $1,652 | $2,782 | $17,992 |
| Conferences and Meetings | $10,982 | $1,781 | $2,302 | $15,065 |
| Office Expenses | $8,570 | $1,291 | $1,580 | $11,441 |
| Other Expenses | $5,524 | $896 | $1,045 | $7,465 |
| Interest | $5,555 | $322 | $376 | $6,253 |
| Depreciation Depletion | - | $4,034 | - | $4,034 |
| Insurance | $2,708 | $439 | $512 | $3,659 |
| Total Functional Expenses | $1,017,072 | $184,570 | $271,237 | $1,472,879 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,577,684 |
| Expenses per Audited Statements | $1,472,879 |
| Total Expenses per Form 990 | $1,472,879 |
| Expenses Not Reported on Form 990 | $104,805 |
| Expenses Not Reported on Financial Statements | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- Yes
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $178,965 |
| Fundraising Gross Income | $86,445 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Woac Dinner | $661,395 | $86,445 | $9,986 | $76,459 |
| Total Events | $661,395 | $86,445 | $178,966 | $-92,521 |
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 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 11
“Once prepared by the audit firm, the form 990 is provided to the finance committee for review. Any feedback/comments are incorporated into the form 990 and it is then provided to the full board for review. If a board meeting is being held, it is distributed at that meeting. Otherwise, it is distributed via email and action is taken to approve the form 990. Any changes based on board review are provided to the audit firm for final revisions to the form 990. Form 990 is then signed by the president and ceo and submitted to the irs.”
Form 990, Part VI, Section B, Line 12C
“Annually, the board members are provided with a conflict of interest form to be completed and signed. The office administrator collects all forms and verifies they are all completed and on file. Any conflicts noted on the forms are brought to the president & ceo's attention.”
Form 990, Part VI, Section B, Line 15A
“"the executive committee of the board determines the compensation of the foundation's ceo. This decision was made prior to her offer of the position. During her employment, an annual performance review is conducted by the executive committee and compensation is re-evaluated at that time. Any changes are deliberated upon by the committee and would be approved by the board. "”
Form 990, Part VI, Section C, Line 19
“The 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
- THE MICHIGAN WOMEN'S FOUNDATION
- EIN
- 38-2689979
- Phone
- 3139621920
- Address
- 615 GRISWOLD NO 1020, DETROIT, MI 48226
Signing Officer
- Name
- Carolyn Cassin
- Title
- President & CEO
- Phone
- 3139621920
- Signed
- 2017-03-02
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Carolyn Cassin
- Formed
- 1986
- Legal Domicile
- Mi
- Voting Board Members
- 23
- Independent Board Members
- 22
- Employees
- 12
- Volunteers
- 429
Preparer
- Firm
- Baker Tilly Virchow Krause Llp
- Address
- 2000 TOWN CENTER SUITE 900, SOUTHFIELD, MI 48075
- Preparer
- Michael F Fenberg
- Phone
- 2483727300
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Legal services: program service expenses 8,117. Management and general expenses 292. Fundraising expenses 5,284. Total expenses 13,693. It services: program service expenses 3,128. Management and general expenses 112. Fundraising expenses 2,037. Total expenses 5,277. Marketing consulting: program service expenses 59,691. Management and general expenses 2,144. Fundraising expenses 38,861. Total expenses 100,696. Professional services: program service expenses 100,229. Management and general expenses 3,601. Fundraising expenses 65,253. Total expenses 169,083.”
Form 990, Part XII, Line 2C
“The organization has a committee that assumes responsibility for oversight of the audit and selection of an independent accountat. This process has not changed from the prior year.”
Financial Statement Notes
PART X, LINE 2:
“The internal revenue service has determined that the foundation is exempt from income taxes under 501(c)(3) of the internal revenue code. The foundation is also exempt from state income taxes. However, any unrelated business income may be subject to taxation. Accounting principles general accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the foundation and has concluded that as of september 30, 2016 and 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”
Raw XML AppendixShowing 400 of 696 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.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 122294 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 17132 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 2500 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | WORKING TO ELIMINATE BARRIERS TO ECONOMIC AND SOCIAL EQUALITY FOR MICHIGAN WOMEN AND GIRLS BY DEVELOPING A SCALABLE MODEL ACROSS MICHIGAN, WHICH PROVIDES ACCESS TO CAPITAL AND A STRONG ENTREPRENEURIAL ECOSYSTEM FOR WOMEN STARTING AND GROWING BUSINESSES. CREATING AND SUPPORTING PROGRAMS TO DEVELOP LEADERSHIP, FOSTER SOCIAL CHANGE AND EMPOWER MIDDLE AND HIGH SCHOOL GIRLS. |
| IRS990/AddressChangeInd | 0 | X |
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| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 2574 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 4079 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 39075 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 45728 |
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| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | CAROLYN CASSIN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3139621920 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 615 GRISWOLD NO 1020 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | DETROIT |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 48226 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1099240 |
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| IRS990/CYOtherRevenueAmt | 0 | -81446 |
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| IRS990/DeductibleArtContributionInd | 0 | 0 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 4034 |
| IRS990/Desc | 0 | ENTREPRENEUR-YOU IS A COLLABORATION WITH WALSH COLLEGE THAT WAS LAUNCHED IN 2012. 2015 WAS THE FOURTH YEAR OF THE CONTINUUM OF PROGRAMS AND SERVICES AIMED AT ASSISTING WOMEN IN LAUNCHING AND GROWING BUSINESSES, THAT CONTINUED IN SOUTHEAST MICHIGAN AND EXPANDED TO WESTERN MICHIGAN IN PARTNERSHIP WITH GROW AND DAVENPORT UNIVERSITY. THE PROGRAM CONSISTS OF EDUCATION, TECHNICAL SERVICES, MENTORSHIP, ACCESS TO CAPITAL AND COACHING. IN ADDITION TO A DAYLONG CONFERENCE, ENTREPRENEUR YOU CONSISTS OF BUSINESS PLAN AND PITCH COMPETITIONS ON BOTH SIDES OF THE STATE, AND SEMINARS ON TOPICS SUCH AS FINANCIAL LITERACY AND BUSINESS PLAN DEVELOPMENT. NEARLY 600 WOMEN TOOK PART IN THE VARIOUS PROGRAMS OFFERED WITHIN THE ENTREPRENERUSHIP INITIATIVE. $3 MILLION IN FOLLOW UP FUNDING WAS RECEIVED AS A RESULT OF MWF'S INITIAL INVESTMENTS. |
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| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 12 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
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| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 171165 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 288749 |
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| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | TERRY MERRITT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JOCEYLN K ALLEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ALEXIS DISHMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | LAUREN EISBRENNER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | LINDA GILLUM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | PAM HANKINS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | CAROL HUSTOLES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | MARGE BYINGTON POTTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | MICHELLE RABIDEAU |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | KAREN PATRICIA WILLIAM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | KIRSTEN WOOD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | DENISE CHRISTY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | MAURA CORRIGAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | ELIZABETH JOY FOSSEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | KATHERINE HUTTER MARTINI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | STEPHANIE NAITO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | KAREN NICKLIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | KELLY ROSSMAN-MCKINNEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | CAROLYN CASSIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | JACQUELINE D TAYLOR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | INA FERNANDEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | JOAN BUDDEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 22 | PAMELA ENSLEN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 221606 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | TRUSTEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | PRESIDENT & CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | IMMEDIATE PAST CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | VICE CHAIR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1986 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 1 |
| IRS990/FundraisingAmt | 0 | 574950 |
| IRS990/FundraisingDirectExpensesAmt | 0 | 178965 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 86445 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 33508 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 23 |
| IRS990/GrantAmt | 0 | 0 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 70000 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 70000 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 183892 |
| IRS990/GrossReceiptsAmt | 0 | 2052688 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 22 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 512 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 439 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 2708 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 3659 |
| IRS990/InterestGrp/FundraisingAmt | 0 | 376 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 322 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 5555 |
| IRS990/InterestGrp/TotalAmt | 0 | 6253 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 39143 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 39143 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 694680 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 834698 |
| IRS990/IRPDocumentCnt | 0 | 12 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 36131 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 15588 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 11554 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 47685 |
| IRS990/LegalDomicileStateCd | 0 | MI |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 150384 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | MICHIGAN WOMEN'S FOUNDATION'S MISSION IS TO TRANSFORM MICHIGAN TO ACHIEVE EQUALITY AND EMPOWERMENT FOR WOMEN AND GIRLS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 318661 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 864661 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1569016 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1844260 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 33508 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 33508 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | -92520 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | -92520 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 24784 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 5953 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 5103 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 31467 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 42523 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 1580 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1291 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 8570 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 11441 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 3207 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 3207 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 3671 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 3147 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 19406 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 26224 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROGRAM EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 1 | TELEPHONE & UTILITIES |
| IRS990/OtherExpensesGrp/Desc | 2 | MEMBERSHIPS & PUBLICATI |
| IRS990/OtherExpensesGrp/Desc | 3 | EQUIPMENT LEASING |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 11374 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 1622 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 908 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 3 | 1045 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 6963 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 1390 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 778 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 896 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 95217 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 8578 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 5879 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 5524 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 113554 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 11590 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 7565 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7465 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 7616 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 11074 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 11074 |
| IRS990/OtherRevenueTotalAmt | 0 | 11074 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 72487 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 87505 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 298039 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 458031 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 279198 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 674907 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 8177 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 9871 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 33620 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 51668 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 752780 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 752780 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 341302 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 204865 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 6575 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 244 |
| IRS990/PrincipalOfficerNm | 0 | CAROLYN CASSIN |
| IRS990/ProfessionalFundraisingInd | 0 | 1 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | "THE WOMEN'S MICROLOAN FUND, FORMERLY THE ANGEL MICROLOAN FUND, IS A FINANCING PROGRAM AVAILABLE TO WOMEN ENTREPRENEURS AND SMALL BUSINESSOWNERS. IT IS OFTEN DIFFICULT FOR NEWLY FORMED BUT PROMISING BUSINESSES TO OBTAIN FINANCING; THE MICHIGAN WOMEN'S MICROLOAN FUND IS DESIGNED TO MEET THAT NEED. MICROLOANS RANGE FROM $2,500 TO $40,000 AND MAY BE USED FOR ANY OF THE FOLLOWING: PURCHASE OF INVENTORY, WORKING CAPITAL, START-UP COSTS, PURCHASE OF EQUIPMENT OR LEASEHOLD IMPROVEMENT DIRECTLY RELATED TO THE GROWTH OF THE BUSINESS, LOAN SUBORDINATION, BUSINESS ACQUISITION (WITH EXPECTATION OF 50% FINANCING BY APPLICANT), CONTRACT FINANCING. $4.2 MILLION IN REVENUE HAS AFFECTED THE STATE'S ECONOMY AS A RESULT OF THESE STARTUP BUSINESSES IN THE FIRST TWO YEARS." |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 348758 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 37232 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 131458 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | "YOUNG WOMEN FOR CHANGE (YWFC) WAS STARTED IN 1986 TO PROVIDE HIGH SCHOOL GIRLS AN OPPORTUNITY TO CREATE CHANGE THROUGH PHILANTHROPY. THEFIRST GIRLS-AS-GRANTMAKERS PROGRAM IN THE COUNTRY, YWFC ALLOWED MEMBERS TO IMPACT THEIR COMMUNITIES AS DECISION-MAKERS BY DIRECTING FUNDS TO PROGRAMS THAT ADDRESSED FUNDING PRIORITIES SET BY THE YOUNG WOMEN. AS PART OF OUR NEW STRATEGIC PLAN, MWF SEEKS TO CONTINUE TO DEVELOP YOUNG WOMEN LEADERS AND ALLOW THEM TO CREATE CHANGE FOR WOMEN AND GIRLS THROUGH A DIFFERENT PLATFORM - SOCIAL ENTREPRENEURSHIP. SOCIAL ENTREPRENEURS BUILD ENTERPRISES (NON-PROFIT OR FOR PROFIT) WHOSE PRIMARY OBJECTIVE IS TO ACHIEVE SOCIAL IMPACT RATHER THAN GENERATE PROFIT FOR OWNERS AND STAKEHOLDERS. THESE BUSINESS-MINDED SOCIAL CHANGE AGENTS INNOVATIVELY ADDRESS SOCIETY'S SOCIAL ISSUES OR WORK TO BENEFIT THOSE LEFT AT THE MARGINS OF OUR SOCIETY. " |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 113819 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 2595 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | "CAMP MOXIE IS A WEEKLONG LEADERSHIP ADVENTURE PRESENTED BY MICHIGAN WOMEN'S FOUNDATION, GIRL SCOUTS OF SOUTHEASTERN MICHIGAN AND RUNNING START. AT CAMP MOXIE, GIRLS IN GRADES 9-12 DEVELOP THEIR LEADERSHIP SKILLS BY PARTICIPATING IN EXCITING, INTERACTIVE, HANDS-ON WORKSHOPS AND ACTIVITIES FACILITATED BY LOCAL WOMEN LEADERS IN BUSINESS, PHILANTHROPY AND GOVERNMENT.UNIVERSITY OF LIFE PROVIDES GIRLS WITH A FUN WEEKEND EXPERIENCE TO LEARN NEW SKILLS, DEVELOP PERSONALLY, AND MAKE NEW FRIENDS WHILE SPENDING TIME ON A COLLEGE CAMPUS. GIRLS WORK IN DIVERSE TEAMS IN A SUPPORTIVE, RELAXED SETTING. GIRLS ARE FREE TO BE EXPRESSIVE, CREATIVE AND CURIOUS AND LEARN FROM INTERACTIONS WITH OTHER GIRLS AND WOMEN OF DIFFERENT BACKGROUNDS, VALUES AND PERSONALITIES.LIFE UNPLUGGED IS AN EDUCATIONAL EXPERIENCE THAT GIVES STUDENTS AND YOUNG ADULTS A GLIMPSE OF THEIR FUTURES! IN THIS INTERACTIVE PROGRAM, STUDENTS PARTICIPATE IN A SIMULATION TO DETERMINE THEIR MOST IMPORTANT VALUES, IDENTIFY CAREER CHOICES, PRACTICE LIVING WITHIN A MONTHLY BUDGET AND WORK THROUGH CRITICAL LIFE CHOICES.ENOUGH SAID IS A POWERFUL COLLABORATION BETWEEN MICHIGAN WOMEN'S FOUNDATION, THE DETROIT CRIME COMMISSION -- BOTH 501(C)(3) NONPROFITS AND THE WAYNE COUNTY PROSECUTOR'S OFFICE TO BRING TO PROSECUTION A BACKLOG OF SEXUAL ASSAULT CRIMES, WITH THE ULTIMATE GOAL OF PREVENTING SEXUAL ASSAULT IN THE FUTURE. IT WAS FORMED AFTER MORE THAN 11,000 UNTESTED RAPE KITS WERE FOUND IN A DETROIT POLICE DEPARTMENT STORAGE UNIT IN 2009. THE GOAL OF OF THE PROJECT IS TO CREATE PRIVATE/PUBLIC PARTNERSHIPS TO FUND THE TESTING OF THE KITS, INVESTIGATION OF THESE CASES AND WORK WITH THE WCPO TO PROSECUTE THE ASSAILANTS, ULTIMATELY STRENGTHENING THIS COMMUNITY.MWF LAUNCHED ITS STATEWIDE WOMEN'S VOLUNTEER INITIATIVE IN 2015. OVER 100 HIGH PERFORMING BUSINESS AND PROFESSIONAL WOMEN AND ENTREPRENEURS VOLUNTEERED TO PROVIDE EPISODIC COUNSEL OR LONG-TERM MENTORSHIP TO CLIENTS IN THE ENTREPRENERURSHIP AND YOUNG WOMEN LEADERS INITIATIVES." |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 189373 |
| IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt | 0 | 32768 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 0 | 1382131 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,831,215
- Liabilities
- $986,955
- Net assets
- $1,844,260
- Revenue
- $1,723,339
- Expenses
- $1,472,879
- Net income
- $250,460