THE MICHIGAN WOMENS FOUNDATION Charity Report

Public IRS 990 nonprofit record

THE MICHIGAN WOMENS FOUNDATION

EIN 38-2689979 · Small Business Development (S43)

What they do

MWF is A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WHOSE MISSION is to EXPAND ECONOMIC OPPORTUNITY for WOMEN and ENTREPRENEURS of COLOR BY PROVIDING ACCESS to CAPITAL and BUSINESS RESOURCES. MWF CELEBRATES OUTSTANDING MICHIGAN WOMEN BY HONORING THEIR LEADERSHIP CONTRIBUTIONS to THE COMMUNITY, ECONOMY, and OUR STATE. MWFS VISION is to CREATE AN INCLUSIVE ECONOMY for THE STATE of MICHIGAN WHERE WOMEN and PEOPLE of COLOR CAN CREATE VIABLE BUSINESSES THAT BUILD LONG-TERM SUSTAINABLE WEALTH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

77.75%of revenue went to mission work78.2% of expenses · Program services

11.59%of revenue went to fundraising11.6% of expenses

$99.48spent for every $100 of revenueRevenue covered expenses this year.

10.14%of revenue went to management and office costs10.2% of expenses

$3.13in assets for every $1 spent this yearSome assets cannot be spent right away.

82.8%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $298,674 for CAROLYN CASSIN (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,445,144

Mission workProgram services$3,456,25477.75% of revenue78.2% of expenses

ManagementOffice and general costs$450,78110.14% of revenue10.2% of expenses

FundraisingAsking for donations$515,02011.59% of revenue11.6% of expenses

Revenue left after expensesReported annual surplus$23,0890.52% of revenueShown in gray on the chart

Total expenses$4,422,05599.48% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.2% mission · 10.2% management · 11.6% fundraisingTotal expenses: 99.48% of revenue

2023Expense mix: 75.2% mission · 13.5% management · 11.3% fundraisingTotal expenses: 71.17% of revenue

2022Expense mix: 69.7% mission · 18.6% management · 11.7% fundraisingTotal expenses: 83.70% of revenue

2021Expense mix: 65.1% mission · 24.4% management · 10.5% fundraisingTotal expenses: 107.30% of revenue

2020Expense mix: 68.3% mission · 17.8% management · 13.9% fundraisingTotal expenses: 76.21% of revenue

2019Expense mix: 65.4% mission · 26.2% management · 8.4% fundraisingTotal expenses: 126.05% of revenue

2018Expense mix: 49.4% mission · 33.8% management · 16.9% fundraisingTotal expenses: 81.93% of revenue

2017Expense mix: 74.8% mission · 6.3% management · 19.0% fundraisingTotal expenses: 109.94% of revenue

Money in and money out

Revenue$4,445,144

Expenses$4,422,055

Annual surplus $23,089 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,456,254 · 78.2% of expenses

Management and office costs$450,781 · 10.2% of expenses

Fundraising$515,020 · 11.6% of expenses

See all reported dollar amounts

Revenue$4,445,144

Expenses$4,422,055

Assets$13,830,613

Income$5,966,642

Contributions$3,681,468

Mission work (program services)$3,456,254

Fundraising$515,020

Management and general$450,781

Stocks and bonds$1,228,840

Accounting fees$125,928

Investing fees$15,664

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CAROLYN CASSINPRESIDENT & CEO · 40 hrs/week $298,674Base $288,198 · Other $10,476

ALLYSON BOYLECHIEF FINANCIAL OFFICER · 40 hrs/week $224,250Base $209,544 · Other $14,706

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

CAROLYN CASSINPRESIDENT & CEO

ALLYSON BOYLECHIEF FINANCIAL OFFICER

KERRI MILLERTRUSTEE

TONYA WELLSTREASURER

TIFFANY ALBERTTRUSTEE

TERESA BINGMANVICE CHAIR

STEPHANIE NAITOTRUSTEE (TERM 01/2025)

SARAH EARLEYTRUSTEE

REGINE BEAUBOEUFIMMEDIATE PAST CHAIR

REBECCA GUERRIEROTRUSTEE

NANCY MOODYTRUSTEE

KIMLE NAILERTRUSTEE (TERM 02/2025)

KIM KERSTENTRUSTEE

KELLY SPRINGERCHAIR

JULIE HOLLINSHEADTRUSTEE

JULIE HEGEDUSTRUSTEE

JESSICA HAYES-STALLINGSTRUSTEE

INDERPAL DEOLTRUSTEE

ELEANOR WALKERTRUSTEE

DENISE QUARLESTRUSTEE

DAWN TYLKOWSKISECRETARY

ALYSE MARTINELLITRUSTEE

About this charity

Recognized since: January 1986
Location: 1155 BREWERY PARK BLVD 260, DETROIT, MI 48207
County: Wayne
In care of: CAROLYN CASSIN
Primary officer: CAROLYN CASSIN, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Phone(313) 962-1920

Filing and classification

Latest tax year: 2024
Tax period began: October 1, 2024
Return type: 990
Tax preparer: BAKER TILLY ADVISORY GROUP LP
NTEE classification: Small Business Development (S43)
IRS tax category: Small Business Development