Athena Foundation EIN 38-2717362 Form 990 (PDF) Claim this org

Athena Foundation FY2022 filing

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Develops, supports, and honors girls and women to build a global pipeline of leaders. For fiscal year 2022 it reported $430K in revenue, $469K in expenses, and $-187K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Lansing, MI
Website
athenainternational.org
Filings
5 on file (2020–2022)
Revenue
$430KFY2022
Expenses
$469K
Net assets
$-187K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  38-2717362 Public charity (501(c)(3)) Lansing, MI
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Develops, supports, and honors girls and women to build a global pipeline of leaders.
Leadership
Traci Corey · President · $50K
Money in and out
$430K revenue, $469K expenses
Bottom line
70% program efficiency
Where the money goes · FY2022
Total revenue
$430K
Pt VIII · Ln 12
Total expenses
$469K
Pt IX · Ln 25
Net assets
$-187K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$39K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.30
Program efficiency
70%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$430K
FY2022▲ +15%
Expenses
$469K
FY2022▲ +39%
Total assets
$27K
FY2022▼ -53%
Total liabilities
$214K
FY2022▲ +4%
Total revenue
$430K
Pt VIII · Ln 12
Total expenses
$469K
Pt IX · Ln 25
Net assets
$-187K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$39K
Total assetsPt X · Ln 16$27K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAthena Foundation
EINHdr · item D38-2717362
Principal addressHdr · item CLansing, MI
WebsiteHdr · item Jathenainternational.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
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
President
$50,050Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Tresurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Traci Costa$89,100$57,192
Traci Corey$50,050$29,425
Andrea Stevenson-Conner$45,856
Ann Playter$24,475$33,362

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

1 program service account for $330K of program spending, described in the organization's own filed words · FY2022.
01

Athena international is a catalyst for developing diverse, transformative leaders who create a balance in leadership voices worldwide. We ignite, amplify, and celebrate girls, women and allies through experiential programs that empower them to discover and activate the authentic leader within.

$330Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$230K · 53%
Program service revenue$195K · 45%
Other revenue$6K · 1%
Contributions & grants53%$230K
Program service revenue45%$195K
Other revenue1%$6K
— government grantsLn 1e$40K
Total revenueLn 12$430K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30
Program services70%$330K
Management & general30%$139K
Total functional expensesLn 25$469K

Balance Sheet

Part X · end of year
CashLn 1$20K
Total assetsLn 16$27K
Total liabilitiesLn 26$214K
Total net assetsLn 32$-187K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20K · Operating expenses/yr $469K
0.5 months
Where the money goes
Program services
Program services $330K · Total expenses $469K
70%
Management & General
Management & general $139K · Total expenses $469K
30%
Fundraising
Fundraising $0 · Total expenses $469K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $109K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $230K · Total revenue $430K
53%
Government reliance
Government grants $40K · Total revenue $430K
9%
Earned-income share
Program service revenue $195K · Total revenue $430K
45%
Investment reliance
Investment income $0 · Total revenue $430K
0%
Program self-sufficiency
Program service revenue $195K · Total expenses $469K
41%
Growth & trend
Revenue growth (YoY)
This year $430K · Prior year $374K
+15%
Net-asset trend (YoY)
End of year $-187K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $430K · Expenses $469K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $27K
Net-asset ratio
Net assets $-187K · Total assets $27K
-681%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $27K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Traci Corey · Reported title PRESIDENT · Highest reported compensation $50K · Total expenses $469K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $59K · Total expenses $469K
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 30%
Fundraising cost ratio 0%
Revenue growth 15%
Accounting fee ratio 2%

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$10K

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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)$383K revenue · ⤓ 990 PDF
FY2023$371K revenue · ⤓ 990 PDF
FY2022$430K revenue · viewing · ⤓ 990 PDF
FY2021$374K revenue · ⤓ 990 PDF
FY2020$283K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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