Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $131K paid to officers and key staff.
Mary Kay Russell’s $108K as Executive Director (former) is at the 88th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Mary Kay Russell | $107,589 | $106,402 | $85,320 | $86,103 | $88,036 |
| Angelina Castro | $23,580 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowers women's professional growth through leadership, networking, and education.
Questions for W I T Foundation INC
Your first name shows with your question. W I T Foundation INC answers here, for everyone.
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The WIT Foundation Inc. is a collaborative community championing professional growth for women through leadership, networking and educational opportunities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $690K | $465K |
| Total assetsLn 16 | $700K | $471K |
| LiabilitiesLn 26 | $157K | $187K |
| Net assetsLn 32 | $544K | $284K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $240 | $240 | ||
| Grants to domestic individualsLn 2 | $28K | $28K | ||
| Grants and assistance to foreign recipientsLn 3 | $2K | $2K | ||
| Pay of current officers, directors and key staffLn 5 | $118K | $94K | $12K | $12K |
| Other salaries and wagesLn 7 | $180K | $144K | $18K | $18K |
| Other employee benefitsLn 9 | $42K | $33K | $4K | $4K |
| Payroll taxesLn 10 | $27K | $22K | $3K | $3K |
| Legal feesLn 11b | $100K | $0 | $100K | $0 |
| Accounting feesLn 11c | $38K | $0 | $38K | $0 |
| Other fees for servicesLn 11g | $302K | $302K | $0 | $0 |
| Advertising and promotionLn 12 | $23K | $23K | $0 | $0 |
| Office expensesLn 13 | $74K | $32K | $21K | $21K |
| TravelLn 17 | $69K | $55K | $7K | $7K |
| Other expenses (24a–d)Ln 24 | $136K | $136K | $0 | $0 |
| Total functional expensesLn 25 | $1.1M | $872K | $203K | $65K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $880K | $1.1M | −$260K | $284K | 990 PDF |
| FY2023 | $829K | $985K | −$156K | $544K | 990 PDF |
| FY2022 | $1.0M | $817K | $231K | $700K | 990 PDF |
| FY2021 | $704K | $611K | $93K | $469K | 990 PDF |
| FY2020 | $526K | $487K | $40K | $376K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $880,460 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, no flags
Part VIII · Statement of revenue $880,460 across 13 lines filed
Part IX · Statement of functional expenses $1,140,089 across 14 lines filed
Part X · Balance sheet $470,585 assets, 10 lines filed
Part XI · Reconciliation of net assets $283,896 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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