| Form 990, Part III, Line 4a |
In the last fiscal year, WFMN made $312,500 in general operating grants to 13 organizations serving young women, girls, and gender-expansive youth, ages 12-24. The grant period March 31, 2022, through March 31, 2023. In addition, WFMN awarded a $75,000 grant to YWCA St. Paul to continue providing leadership development and support to the Young Women's Cabinet and $15/hour payment to 24 Cabinet members. In partnership with Best Buy, WFMN also awarded $143,173 to uCodeGirl, based in Fargo-Moorhead, for the implementation of YWI Dream STEM Lead, a leadership program to increase young Black, Indigenous, and women of color, ages 16 to 24, on the pathway to STEM fields. In addition, WFMN made new investments in its fifth cohort of WFMN Innovators 14 young women and gender-expansive people whose leadership, ideas, and solutions advance key recommendations in the Young Women's Initiative of Minnesota (YWI MN) Blueprint for Action. Each Innovator pairs with a professional mentor of their choosing and meet three times a year for professional coaching and development. Each WFMN Innovator was awarded a one-time $2,500 grant, representing a total investment of $62,500. Since the inception of the WFMN Innovators program in 2018, WFMN has made 119 grants totaling to $297,500 to 97 young women and gender-expansive youth, ages 16 to 24. Total grantmaking through YWI MN in FY22 is $575,673. Internship & Fellowship Program Through the Wenda Weekes Moore Internship and Dr. Reatha Clark King Fellowship WFMN has engaged over 47 women of color and American Indian women in all aspects of the foundation, including evaluation, fundraising, grantmaking, and administration. The program also provides rigorous training and professional development opportunities. For FY22, WFMN hired one intern and one fellow. |
| Form 990, Part VI, Section A, line 1a |
The Executive Committee is comprised solely of the officers of the board of trustees. The Executive Committee shall have the authority of the Board of Trustees in the management of the business of this Foundation in the interval between meetings of the Board of Trustees and such other authority as is delegated by the Board of Trustees by resolution. As required, the Executive Committee shall have responsibility for overseeing and responding to personnel matters of the Foundation. |
| Form 990, Part VI, Section B, line 11b |
The Foundation's Audit Committee will review and recommend approval. Each trustee will receive a copy of the Form 990 for review and approval prior to filing. |
| Form 990, Part VI, Section B, line 12c |
All employees and trustees are required to review and sign the conflict of interest form annually. Except as permitted by law, with respect to any contract or other transaction between the Foundation and any Trustee (or an organization in which a Trustee is a Trustee, Officer, or legal representative or has a material financial interest), the material facts as to such contract or transaction and as to the Trustee's interest must be fully disclosed or known to the Board of Trustees prior to approval of such contract or transaction, and the interested Trustee may not be counted in determining the presence of a quorum and may not vote. |
| Form 990, Part VI, Section B, line 15 |
Compensation for all positions, including the CEO, is determined annually based on documented performance reviews and consistent with periodic compatibility studies. The last compensation study for all staff positions was done in FY 2020. Changes in the CEO and President compensation is recommended by the Chair and Vice Chair, reviewed by the Executive Committee, and approved by the full board. |
| Form 990, Part VI, Section C, line 19 |
The Foundation makes its governing documents, conflict of interest policy and financial statements available upon request. |
Attach to Form 990 or 990-EZ.