Civic Intelligence

Girls Who Invest Inc

EIN 47-3894644 • 501(c)3 • New York, NY

Profile

Girls who invest is dedicated to increasing the number of women and non-binary investors in portfolio management and executive leadership in the asset management industry.

28 Liberty St Fl6New York, NY 10005

www.girlswhoinvest.org

Siviq Scores

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

Liabilities / Assets

36th percentile

0.10x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.25x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$493,200

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

75th percentile

14%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-23%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$25,945,581

Up $3,147,699 (+14%) from 2023

Liabilities

Up

$2,553,498

Up $1,839,414 (+258%) from 2023

Net Assets

Up

$23,392,083

Up $1,308,285 (+5.9%) from 2023

Revenue

Down

$10,375,585

Down $3,144,667 (-23%) from 2023

Expenses

Up

$9,119,168

Up $1,127,855 (+14%) from 2023

Net Income

Down

$1,256,417

Down $4,272,522 (-77%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2015: $309,825Liabilities 2015: $32,917Net Assets 2015: $276,9082015Assets 2016: $1,813,957Liabilities 2016: $28,200Net Assets 2016: $1,785,7572016Assets 2017: $2,940,472Liabilities 2017: $21,075Net Assets 2017: $2,919,3972017Assets 2018: $6,256,637Liabilities 2018: $91,560Net Assets 2018: $6,165,0772018Assets 2019: $9,196,962Liabilities 2019: $210,503Net Assets 2019: $8,986,4592019Assets 2020: $8,867,082Liabilities 2020: $1,193,271Net Assets 2020: $7,673,8112020Assets 2021: $10,361,057Liabilities 2021: $958,440Net Assets 2021: $9,402,6172021Assets 2022: $17,263,658Liabilities 2022: $727,652Net Assets 2022: $16,536,0062022Assets 2023: $22,797,882Liabilities 2023: $714,084Net Assets 2023: $22,083,7982023Assets 2024: $25,945,581Liabilities 2024: $2,553,498Net Assets 2024: $23,392,0832024

Highlighted filing

2024

Assets$25,945,581
Liabilities$2,553,498
Net Assets$23,392,083

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $310,000Expenses 2015: $33,092Net Income 2015: $276,9082015Revenue 2016: $2,008,393Expenses 2016: $499,544Net Income 2016: $1,508,8492016Revenue 2017: $2,152,895Expenses 2017: $1,019,255Net Income 2017: $1,133,6402017Revenue 2018: $4,931,286Expenses 2018: $1,685,606Net Income 2018: $3,245,6802018Revenue 2019: $5,103,029Expenses 2019: $2,263,029Net Income 2019: $2,840,0002019Revenue 2020: $766,076Expenses 2020: $2,139,546Net Income 2020: -$1,373,4702020Revenue 2021: $4,986,795Expenses 2021: $3,236,972Net Income 2021: $1,749,8232021Revenue 2022: $12,776,923Expenses 2022: $5,516,107Net Income 2022: $7,260,8162022Revenue 2023: $13,520,252Expenses 2023: $7,991,313Net Income 2023: $5,528,9392023Revenue 2024: $10,375,585Expenses 2024: $9,119,168Net Income 2024: $1,256,4172024

Highlighted filing

2024

Revenue$10,375,585
Expenses$9,119,168
Net Income$1,256,417

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
May 21, 2025
Return Version
2023v6.0
Gross Receipts
$10,375,585
Mission and Program Overview

Mission

Girls who invest (gwi) is dedicated to increasing the number of women in portfolio management and executive leadership in the asset management industry.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,694,157$11,376,754▲ $3,682,597
Pledges and Grants Receivable$10,352,476$9,835,770▼ $516,706
Investments in Publicly Traded Securities$1,278,346$2,120,949▲ $842,603
Cash and Non-Interest-Bearing Accounts$3,376,564$2,027,050▼ $1,349,514
Prepaid Expenses and Deferred Charges$82,103$570,822▲ $488,719
Total Assets$22,797,882$25,945,581▲ $3,147,699
Other Assets Total$14,236$14,236→ $0
Liabilities
Deferred Revenue$0$1,603,000▲ $1,603,000
Accounts Payable and Accrued Expenses$714,084$950,498▲ $236,414
Total Liabilities$714,084$2,553,498▲ $1,839,414
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,036,429$14,053,114▲ $2,016,685
Net Assets With Donor Restrictions$10,047,369$9,338,969▼ $708,400
Total Net Assets Fund Balance$22,083,798$23,392,083▲ $1,308,285
Total Liabilities and Net Assets / Fund Balance$22,797,882$25,945,581▲ $3,147,699
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katherine ColsherChief Executive OfficerFT$400,000$93,200$493,200
Defossett MichelleChief Operating OfficerFT$281,250$76,056$357,306
Christina Marie KimHead of PartnershipsFT$218,750$71,406$290,156
Heather PercevalHead of ProgramsFT$215,000$42,053$257,053
Crindell N HumphreysDirector of Career DevelopmentFT$200,000$45,157$245,157
Maria Gracia AsayagDirector of Recruiting and AdmissionsFT$173,000$13,621$186,621
Maria Gracia AsayagDirector of Recruiting and Admission-$157,500$29,121$186,621
Mayela Irais CalderonDirector of DevelopmentFT$148,000$31,408$179,408

Board Members and Trustees

NameTitle
Anna NikolayevskyDirector
Bal DasDirector
Betty HungDirector
Bilge YilmazDirector
Candice StackDirector
Collette ChiltonDirector
Heather MinerDirector
Kim LewDirector
Larry SchlossDirector
Lisa McgowanDirector
Myra DruckerDirector
Perry GolkinDirector
Seema HingoraniDirector
Tina Byles WilliamsDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Wharton Global Youth ProgramEducational Services3730 WALNUT STREET, Philadelphia, PA 19104$787,520
Wall Street Prep INCFinancial Services1330 BEACON STREET STE 355B, Brookline, MA 02446$335,101
IanncommllcProgram And Executive Support Services1533 SOUTH STREET FL 1, Philadelphia, PA 19146$217,600
ForesightcsbmFinancial Services425 EAST 79TH STREET SUITE 1F, New York, NY 10013$199,336
Wharton Online UniversityEducational Services3730 WALNUT STREET, Philadelphia, PA 19104$174,650
Revenue and Support

Revenue Composition

Contributions and Grants
$9,897,242
Program Service Revenue
$0
Investment Income
$478,343
Other Revenue
$0
All Other Contributions
$9,897,242
Change in Net Assets
$1,256,417

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,375,585
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,517,423
Total Revenue per Audited Statements
$11,893,008
Total Revenue per Form 990
$10,375,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,988,993
Salaries, Compensation, and Employee Benefits$4,130,175
Total Fundraising Expense$424,610
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,892,401$230,836$237,123$2,360,360
Current Officers, Directors, Trustees, and Key Employees$1,012,625$132,606$60,275$1,205,506
Payroll Taxes$205,450$25,704$21,033$252,187
Other Employee Benefits$156,618$19,594$16,034$192,246
Occupancy$150,177$18,788$15,374$184,339
Fees for Services Legal-$182,465-$182,465
Pension Plan Contributions$97,660$12,218$9,998$119,876
Advertising-$87,569-$87,569
Information Technology-$80,715-$80,715
Office Expenses-$59,087-$59,087
Fees for Services Accounting-$33,500-$33,500
Other Expenses$18,971$4,443$4,707$28,121
All Other Expenses$5,668$16,571$580$22,819
Insurance-$20,049-$20,049
Total Functional Expenses$7,649,781$1,044,777$424,610$9,119,168

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,584,722
Expenses per Audited Statements$9,119,169
Total Expenses per Form 990$9,119,169
Expenses Not Reported on Form 990$1,465,553
Expenses Not Reported on Financial Statements$0
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
Yes
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

Management reviews draft of form 990 with the audit and finance committee and provides edits to the preparer. After this process the audit and finance committee reviews and approves the form 990 prior to being filed with the irs and states. A copy of the approved form 990 is provided to the board.

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

Annual reissuance of electronic board package, including the conflict of interests policy for all members.

Form 990, Part VI, Section B, Line 15

The compensation committee reviews performance and compensation of the ceo and key personnel annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial information available to the public upon request and through public websites such as guidestar.org.

Filing and Contact Details

Filer

Filer Name
Girls Who Invest Inc
EIN
47-3894644
Phone
2124395677
Address
28 LIBERTY ST FL6, NEW YORK, NY 10005

Signing Officer

Name
Katherine Jollon Colsher
Title
CEO
Phone
2124395677
Signed
2025-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine Jollon Colsher
Formed
2015
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
14
Employees
22
Volunteers
0

Preparer

Firm
Farkouh Furman & Faccio Llp
Address
460 PARK AVENUE, NEW YORK, NY 10022
Preparer
Richard J Oremus
Phone
2122455900
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Girls who invest (gwi) is dedicated to transforming the investment management industry by attracting and advancing investors, change-makers, and leaders.

Financial Statement Notes

Schedule D, Part X, Line 2

The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and is not liable for federal or state income taxes. The organization qualifies for the charitable contribution deduction under section 170(b)(1)(a). The organization has adopted accounting principles generally accepted in the united states of america for recognition, measurement, presentation and disclosure relating to uncertain tax positions, which prescribes a threshold of more likely that not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. There are no such uncertain tax positions for the year ended september 30, 2024.

Raw XML AppendixShowing 400 of 672 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16HEAD OF PARTNERSHIPS
IRS990/Form990PartVIISectionAGrp/TitleTxt17HEAD OF PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF CAREER DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF RECRUITING AND ADMISSIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF DEVELOPMENT
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IRS990/ProgSrvcAccomActy3Grp/Desc0ALUMNI CAREER INSTITUTE: CAREER ADVISORY SERVICES, COMMUNITY BUILDING, AND CONNECTIONS FOR OUR ALUMNI AT ALL STAGES OF THEIR CAREERS. ALL ALUMNI CAN ACCESS EXCLUSIVE CAREER RESOURCES AND FIND OTHER ALUMNI WORKING AT THEIR FIRM ON THE GWI CAREER PORTAL.
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