Better Business Bureau Report for
Women's Resource of Greater Houston

Better Business Bureau Report issued July 2011
Better Business Bureau Report expires July 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Women's Resource of Greater Houston
Address: 730 N. Post Oak Road, Suite 204
  Houston, TX 77024
Phone: 713-667-4493
Web Address: www.thewomensresource.org
Also known as:The Women's Resource
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Better Business Bureau Comments

Formerly known as:Greater Houston Women's Foundation

Year, State Incorporated: 1990, Texas
Affiliates: None
Stated Purpose: The Women’s Resource of Greater Houston provides free financial education and research so that women and girls have the knowledge they need to make sound financial decisions and improve their lives.

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Evaluation Conclusions

              

Women's Resource of Greater Houston meets the 20 Standards for Charity Accountability.
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Programs

              

Founded in 1990, The Women’s Resource of Greater Houston accomplishes its mission by recruiting volunteer instructors to teach free personal finance classes; providing leadership and life skills education to at-risk 9th and 10th grade girls through Project LEAD (Leadership Education and Development); and sponsoring research on issues critical to women, girls and families. The Women's Resource annually teaches free financial education classes to over 4,500 low income and financially illiterate Houstonians in more than 40 zip codes. Using the FDIC Money Smart™ and Department of Labor Wi$e Up™ curricula, they help those outside the financial mainstream enhance their money skills, create positive banking relationships, build financial knowledge and confidence, and use banking services effectively. Each class participant receives a take home workbook that includes all material discussed in class, other tools they can use once they are home, and a directory of community resources. To date, they have taught over 18.000 Houstonians. Project LEAD targets at risk 9th and 10th grade girls and annually reaches 200 girls. LEAD counters the high dropout rate, helps girls avoid financial pitfalls, and teaches leadership and life skills and basic financial principles. Now in its seventh year, Project LEAD is offered free of charge and is currently held at César Chávez, Challenge Early College, George I. Sanchez Charter, Lamar, Sam Houston Ninth Grade College Prep, Washington, and Westside High School as well as DePelchin Children’s Center.

For the fiscal year ended December 31, 2010, Women's Resource of Greater Houston's program expenses were:

  
Education 175,712
Research 48,356
Total Program Expenses: $224,068
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Governance

              

Chief Executive : LaTanya Flix, Executive Director
Compensation*:
$93,357

Chair of the Board: Annella Metoyer
Chair's Profession / Business Affiliation: Houston Market President, Capital One Bank

Board Size: 18

Paid Staff Size: 3

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

invitations to fund raising events, grant proposals, cause-related marketing, membership
Fund raising costs were 13% of related contributions. (Related contributions, which totaled $342,227, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Women's Resource of Greater Houston's audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Contributions 224,262
Special Events 117,965
Investment Return 72,199
Direct donor benefit costs -20,981
Total Income $393,445


chart



Uses of Funds as a % of Total Expenses

Programs: 71%  Fund Raising: 14%  Administrative: 15% 

Total income   $393,445
  Program expenses $224,068
  Fund raising expenses 46,183
  Administrative expenses 49,495
 
Total expenses   $319,746
Income in Excess of Expenses   73,699
Beginning net assets   1,152,552
Ending net assets   1,226,251
Total liabilities   2,780
Total assets   $1,229,031


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Complaints

              

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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