Womens Funding Network

“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 $498,884. 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.”

“Members vote on the election of board members and any change to the membership criteria.”

“Voting members have the right to vote on the election of board members and any change to the membership criteria.”

“See description for Part VI, Line 7a.”

“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 facilitated review of the Form 990 by the entire Board immediately after the 990 was filed. 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 immediately after the filing deadline (given the scheduled board meeting date) 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 Director of Finance and Administration and incorporated into the Form 990 as appropriate.”

“The organization requires all Board members to disclose any known or potential conflicts of interest at the time of appointment to the Board using a pre-defined Conflict of Interest Disclosure and Acknowledgement form. These forms are reviewed by the CEO and by the Executive Committee for accuracy, completeness and to identify actual or potential conflicts of interest. Board members possessing a conflict of interest are prohibited from participation in deliberations, actions and votes on matters associated directly or indirectly to those conflicts. Board members are further required to update their Conflict of Interest forms annually through the duration of their current and any subsequent terms.”

“For 2015, 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 2012. Salary for the head financial position in the organization is determined by the CEO and is based on, among other factors, current salary statistics for the same position within geographically local and comparably sized nonprofit organizations, the current financial health of the organization and with the assistance and input from the Board, local peer organizations and other professional sources. The most recent compensation review and adjustment took place December 31, 2012.”

“Governing documents and conflict of interest policy are available to the public upon request. Externally audited Financial Statements are available on the organization website.”

“Technology Consulting: Program service expenses 24,889. Management and general expenses 8,108. Fundraising expenses 253. Total expenses 33,250. Financial Consulting: Program service expenses 0. Management and general expenses 40,882. Fundraising expenses 0. Total expenses 40,882. Other Fees for Services: Program service expenses 145,106. Management and general expenses 6,386. Fundraising expenses 1,474. Total expenses 152,966.”