5050 WOMEN ON BOARDS INC

EIN: 273272688 501(c)(3) Civil Rights & Advocacy

LOS ANGELES, CA

Total Revenue
$1,644,913
Total Expenses
$1,495,345
Total Assets
$2,023,520
Net Assets
$1,912,660
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MA
Principal Officer
Betsy Berkhemer-Credaire
Phone
3234162020
Tax Period
2023-01-01 to 2023-12-31

5050 WOMEN ON BOARDS INC, founded in 2010, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 9% surplus.

Mission

50/50 WOMEN ON BOARDS IS COMMITTED TO ACCELERATING GENDER BALANCE AND DIVERSITY ON BOARDS OF RUSSELL 3000 INDEX COMPANIES, WITH WOMEN HOLDING 50% OF THE BOARD SEATS AND WOMEN OF COLOR HOLDING AT LEAST 20% OF THE BOARD SEATS.

Program Service Accomplishments

Program 1
Expenses: $760,141 Revenue: $1,352,677

In 2023, the Global Conversation on Board Diversity held 1 Virtual Conversations and 17 City Conversations. Events are organized and run by a volunteer chair or co-chairs. 5050WOB enters into an...

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In 2023, the Global Conversation on Board Diversity held 1 Virtual Conversations and 17 City Conversations. Events are organized and run by a volunteer chair or co-chairs. 5050WOB enters into an agreement with the chair or co-chairs for the planning and fundraising for the event, but expenses are incurred by, and proceeds are paid to the organization. All proceeds for 5050WOB managed events are retained by the organization. All GBCD events are entirely run by volunteers and were mostly held in the months of September through December of 2023. The events are centered around a theme related to the organizations mission, which is discussed by a speaker or panel of speakers. Individual Attendees pay for entry based on a selection of one event and add-on events if they would like to attend more than one event. Additionally, corporations may purchase a sponsorship for a single event location or multiple locations, which range in price between $3,500.00 and $100,000. Sponsorship packages include a range of benefits depending on package, including options such as sponsoring companys name and logo on 5050WOBs website, social media recognition, and acknowledgement at the event. All contributions from GCBD events are unrestricted.

Program 2
Expenses: $307,478

Education and Research. Since 2010, we've been analyzing and reporting on public company board diversification. Our quarterly and annual reports identify factors that promote or impede gender balance...

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Education and Research. Since 2010, we've been analyzing and reporting on public company board diversification. Our quarterly and annual reports identify factors that promote or impede gender balance and diversity, while our Gender Diversity Directory Index enables users to search by company name, state, sector, and Board Rating to identify companies lacking women on their boards.

Program 3
Expenses: $137,939 Revenue: $94,822

Individual Virtual Workshops are offered based on two tier system. Tier One is an intensive training program that provides senior-level and C-suite women executives the strategic tools to pursue...

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Individual Virtual Workshops are offered based on two tier system. Tier One is an intensive training program that provides senior-level and C-suite women executives the strategic tools to pursue their first public or private corporate board seat. Tier Two provides mid-career women executives the opportunity to explore whether a board seat is right for them, and increased visibility as an aspiring board candidate. Each workshop is limited to 25 participants, who pay tuition, which range in price between $350.00 and $1,500.00. Corporate Virtual Workshops are offered exclusively to Corporations who wish to purchase a workshop for their employees. Each workshop is limited to 20-25 participants depending on purchased workshop, the corporation pays tuition, which range in price between $10,000 to $25,000. All Workshops are led by 5050WOB CEO, Betsy Berkhemer-Credaire, and Co-founder and Chair, Stephanie Sonnabend, with other guest directors

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $152,858
Program Service Revenue $1,483,784
Investment Income $8,271
Other Revenue $0
TOTAL REVENUE $1,644,913

Expense Breakdown

Grants Paid $0
Salaries & Benefits $807,624
Fundraising Expenses $20,248
Program Expenses $1,260,191
Other Expenses $687,721
TOTAL EXPENSES $1,495,345

Year-over-Year Comparison

2023 2022 Change
Revenue $1,644,913 $1,033,054 +0.6%
Expenses $1,495,345 $1,132,228 +0.3%
Net Income $149,568 $-99,174 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
11
Employees
7
Volunteers
491

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$409,881
Total Directors
13
$187,306
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heather Spilsbury COO 40.00
Officer
$215,000 $7,575 $222,575
Betsy Berkhemer-Credaire President & CEO 45.00
Officer Director
$152,500 $6,681 $159,181
EUGENIA TELLO Dir of Finance 40.00
$132,000 $6,780 $138,780
Stephanie Sonnabend Board Chair 15.00
Officer Director
$28,125 $0 $28,125
Mal Diana Gero Vice Chair 15.00
Officer Director
$0 $0 $0
Renee Fraser Treasurer 2.00
Officer Director
$0 $0 $0
Herman Bulls Director 1.00
Director
$0 $0 $0
Tracey Doi Director 1.00
Director
$0 $0 $0
Robin Ferracone Director 1.00
Director
$0 $0 $0
Julie Hill Director 1.00
Director
$0 $0 $0
John Lino Director 1.00
Director
$0 $0 $0
Jan Jones Blackhurst Director 1.00
Director
$0 $0 $0
Maria Rivas Director 1.00
Director
$0 $0 $0
Michael Fraccaro Director 1.00
Director
$0 $0 $0
Denise Singleton Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,644,913 $1,495,345 $2,023,520 $149,568
2022 $1,033,054 $1,132,228 $1,883,985 $-99,174
2021 $1,857,145 $1,263,894 $1,977,255 $593,251
2020 $1,471,452 $1,040,507 $1,550,075 $430,945
2019 $1,045,196 $754,788 $1,142,871 $290,408
2018 $614,502 $350,720 $615,594 $263,782
2017 $449,229 $383,794 $268,799 $65,435
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