Womensource INC FY2020 filing

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EIN 26-2882799 Public charity (501(c)(3)) Gainesville, GA NTEE P80
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Revenue & expenses by yearFY2020–FY2024
Revenue
$55K
FY2020
Expenses
$86K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Empowers women through educational programs. For fiscal year 2020 it reported $55K in revenue, $86K in expenses, and $66K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Gainesville, GA
Website
www.womensource.info
Filings
5 on file (2020–2020)
Revenue
$55KFY2020
Expenses
$86K
Net assets
$66K
People
20
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Provided by the organization

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Size
<$100K
What they do
Empowers women through educational programs.
Leadership
Carol Adams · Director
Money in and out
$55K revenue, $86K expenses
Bottom line
70% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Northeast Georgia Health System INC

1 distinct foundation funder(s) on file, $6K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

70% to programs

70% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K

Revenue band <$100K. Not enough years on file for a trend. See detail →

Where the money goes · FY2020
Total revenue
$55K
Pt VIII · Ln 12
Total expenses
$86K
Pt IX · Ln 25
Net assets
$66K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$31K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.22 Fundraising $0.08
Program efficiency
70%
of spending reaches programs
Operating runway
12.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-56%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$90K
FY2020
Total liabilities
$24K
FY2020
Revenue less expensesPt I · Ln 19−$31K
Total assetsPt X · Ln 16$90K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · 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 1a20
Independent voting membersPt VI · Ln 1b20
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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Shequonna Holden’s $45K as Exec. Direct is at the 77th percentile of top reported officer pay among 202 <$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

3 program services account for $49K of program spending, described in the organization's own filed words · FY2020.
01

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. The 2019 girl power was titled "I define me".

$22Kprogram expense
02

Motivating Women

Annual luncheon hosting a keynote speaker, or panel of speakers, to provide motivation and encouragement to women who attend. In 2019 approximately 217 women attended the motivating women leadership lunch to hear michelle nunn as the keynote speaker.

$17Kprogram expense
03

Power Lunch Series

Bi-monthly educational lunch program for women in a variety of subject areas. Programs range from inspirational to informative including topics such as "trying to pour from an empty cup", "development plans downton".

$10Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$38K · 70%
Other revenue$7K · 12%
Program service revenue$6K · 11%
Investment income$4K · 7%
Contributions & grants70%$38K
Other revenue12%$7K
Program service revenue11%$6K
Investment income7%$4K
Total revenueLn 12$55K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.22 Fundraising $0.08
Program services70%$60K
Management & general22%$19K
Fundraising8%$7K
Total functional expensesLn 25$86K

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$90K
Total liabilitiesLn 26$24K
Total net assetsLn 32$66K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $89K · Operating expenses/yr $86K
12.4 months
Where the money goes
Program services
Program services $60K · Total expenses $86K
70%
Management & General
Management & general $19K · Total expenses $86K
22%
Fundraising
Fundraising $7K · Total expenses $86K
8%
Cost to raise $1
Fundraising expense $7K · Solicited contributions $38K
$0.18 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $38K · Total revenue $55K
70%
Government reliance
Government grants — · Total revenue $55K
—
Earned-income share
Program service revenue $6K · Total revenue $55K
11%
Investment reliance
Investment income $4K · Total revenue $55K
+7%
Program self-sufficiency
Program service revenue $6K · Total expenses $86K
7%
Growth & trend
Revenue growth (YoY)
This year $55K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $66K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $55K · Expenses $86K
-56%
Liabilities-to-Assets
Total liabilities — · Total assets $90K
—
Net-asset ratio
Net assets $66K · Total assets $90K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $69K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $90K
76%
People & payroll
Highest Reported Total Compensation
Individual Carol Adams · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $86K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $48K · Total expenses $86K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 22%——
Fundraising cost ratio 18%——
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 · FY2024
Total grants receivedfrom 1 funder$6K

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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 · ⤓ 990 PDF
FY2023$136K revenue · ⤓ 990 PDF
FY2022$145K revenue · ⤓ 990 PDF
FY2021$99K revenue · ⤓ 990 PDF
FY2020$55K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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