BBB Wise Giving Report for
Women's Funding Network

BBB Wise Giving Report issued January 2011
BBB Wise Giving Report expires January 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Women's Funding Network
Address: 505 Sansome Street, Second floor
  San Francisco, CA 94111
Phone: 415-441-0706
Web Address: www.womensfundingnetwork.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1990, Minnesota
Affiliates: Women's Funding Network Foundation
Stated Purpose: "to support and conduct research and activities to increase public awareness of the women's funding movement, inform foundations and corporations about the needs of women's funds that serve or advocate for women and girls, and to educate the general public about the funding needs of organizations that provide services for or advocacy for women and girls."

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Evaluation Conclusions

               

Women's Funding Network (WFN) meets the 20 Standards for Charity Accountability.
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Programs

               

WFN serves as an advocate for investment in women and provides members with ongoing access, training, tools and support to help them increase their investment, influence, and impact. WFN aims to unite ideas, knowledge, money and action to create social change for women and girls, their families and communities.

For the year ended December 31, 2009, WFN's program expenses were:

  
Leadership 592,512
Poverty initiatives 468,010
Women Moving Millions 441,416
Sustainability 357,075
Conference 294,413
Social Enterprise 272,902
Research and evaluation 172,907
Membership 140,006
Communications 107,806
Total Program Expenses: $2,847,047
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Governance

               

Chief Executive : Christine Grumm, President & CEO
Compensation*:
 $180,558

Chair of the Board: Ana Oliveira
Chair's Profession / Business Affiliation: President & CEO, New York Women's Foundation

Board Size: 25

Paid Staff Size: 20

*2008 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, Internet appeals, telemarketing, special events, grant proposals, and planned giving.
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $4,171,222, 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 WFN's audited financial statements - consolidated with Women's Funding Network Foundation, for the year ended December 31, 2009.

Source of Funds  
Contributions 2,454,780
Foundation and corporate grants 1,391,624
Investment income 299,488
Membership dues 245,340
Conference fees and sponsorship 229,469
Fee for service income 198,691
In-kind donations 79,478
Other income 5,470
Total Income $4,904,340


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Uses of Funds as a % of Total Expenses

Programs: 70%  Fund Raising: 15%  Administrative: 15% 

Total income   $4,904,340
  Program expenses $2,847,047
  Fund raising expenses 619,021
  Administrative expenses 595,580
 
Total expenses   $4,061,648
Income in Excess of Expenses   842,692
Beginning net assets   7,097,853
Other Changes in Net Assets (2,265,502)
Ending net assets   5,675,043
Total liabilities   266,864
Total assets   $5,941,907

Note: In the above financial review, "other change in net assets" of ($2,265,502) represents prior year pledges redirected in the amount of ($103,325) and a loan forgiveness resulting in a loss of ($2,162,177).

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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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