Womensource INC EIN 26-2882799 Form 990 (PDF) Claim this org

Womensource INC

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Empowers women through educational programs. For fiscal year 2024 it reported $140K in revenue, $106K in expenses, and $201K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Gainesville, GA
Website
www.womensource.info
Filings
5 on file (2020–2024)
Revenue
$140KFY2024
Expenses
$106K
Net assets
$201K
People
24
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-2882799 Public charity (501(c)(3)) Gainesville, GA
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers women through educational programs.
Leadership
Shequonna Holden · Exec. Direct · $45K
Money in and out
$140K revenue, $106K expenses
Bottom line
67% program efficiency
Where the money goes · FY2024
Total revenue
$140K
Pt VIII · Ln 12
Total expenses
$106K
Pt IX · Ln 25
Net assets
$201K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $34K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.25 Fundraising $0.08
Program efficiency
67%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
22.8mo
months of highly liquid reserves at operating expense rate▲ +22% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▲ +22% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$140K
FY2024▲ +3%
Expenses
$106K
FY2024▼ -3%
Total assets
$201K
FY2024▲ +19%
Total liabilities
$821
FY2024▼ -58%
Total revenue
$140K
Pt VIII · Ln 12
Total expenses
$106K
Pt IX · Ln 25
Net assets
$201K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$34K
Total assetsPt X · Ln 16$201K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWomensource INC
EINHdr · item D26-2882799
Principal addressHdr · item CGainesville, GA
WebsiteHdr · item Jwww.womensource.info
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFSep 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Exec. Direct
$44,846Pt VII · Sec A
$461Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Shequonna Holden’s $45K as Exec. Direct is at the 76th percentile of top reported officer pay among 203 <$100K human services 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Blythe Hammons$60,000$57,000
Shequonna Holden$44,846
Carmen Blythe Hammons$461

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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Mission & Programs · Part III

Where the work happens

2 program services account for $70K of program spending, described in the organization's own filed words · FY2024.
01

Power Breakfast & Lunch Series

An educational program for women in a variety of subject areas. Programs range from inspirational to informative and are typically led by female leaders in our community. Participants are privy to up close and personal contact with high level women gleaning inspiration and encouragement.

$66Kprogram expense
02

Girl Power

A workshop for middle and high school girls and the women who love them. This free, half-day event addresses topics pertinent to girls at this particular age so as to educate them and give them information regarding specific topics.

$5Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$86K · 61%
Other revenue$22K · 16%
Program service revenue$17K · 12%
Investment income$15K · 10%
Contributions & grants61%$86K
Other revenue16%$22K
Program service revenue12%$17K
Investment income10%$15K
Total revenueLn 12$140K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.25 Fundraising $0.08
Program services67%$70K
Management & general25%$27K
Fundraising8%$8K
Total functional expensesLn 25$106K

Balance Sheet

Part X · end of year
CashLn 1$38K
Total assetsLn 16$201K
Total liabilitiesLn 26$821
Total net assetsLn 32$201K
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $201K · Operating expenses/yr $106K
22.8 months
Where the money goes
Program services
Program services $70K · Total expenses $106K
67%
Management & General
Management & general $27K · Total expenses $106K
25%
Fundraising
Fundraising $8K · Total expenses $106K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $11K · Solicited contributions (3-yr avg) $99K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $86K · Total revenue $140K
61%
Government reliance
Government grants — · Total revenue $140K
Earned-income share
Program service revenue $17K · Total revenue $140K
12%
Investment reliance
Investment income $15K · Total revenue $140K
+10%
Program self-sufficiency
Program service revenue $17K · Total expenses $106K
16%
Growth & trend
Revenue growth (YoY)
This year $140K · Prior year $136K
+3%
Revenue CAGR
FY2020 $55K · FY2024 $140K
+26%
Net-asset trend (YoY)
End of year $201K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $140K · Expenses $106K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $201K
Net-asset ratio
Net assets $201K · Total assets $201K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $162K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $201K
81%
People & payroll
Highest Reported Total Compensation
Individual Shequonna Holden · Reported title EXEC. DIRECT · Highest reported compensation $45K · Total expenses $106K
42%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $67K · Total expenses $106K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 25%
Fundraising cost ratio 10%
Revenue growth 3%
Investment management fee ratio 0.8%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$14K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$140K revenue · viewing · ⤓ 990 PDF
FY2023$136K revenue · ⤓ 990 PDF
FY2022$145K revenue · ⤓ 990 PDF
FY2021$99K revenue · ⤓ 990 PDF
FY2020$55K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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