Wit Network INC EIN 83-2263021

Wit Network INC FY2022 filing

EIN  83-2263021 Public charity (501(c)(3)) Ocean, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
Encourages women and girls in STEM, supports their leadership and entrepreneurship in tech.
Leadership
Christine Bongard · President
Money in and out
$587K revenue, $545K expenses
Bottom line
8% program efficiency

Encourages women and girls in STEM, supports their leadership and entrepreneurship in tech. For fiscal year 2022 it reported $587K in revenue, $545K in expenses, and $322K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$587K
Pt VIII · Ln 12
Total expenses
$545K
Pt IX · Ln 25
Net assets
$322K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $43K
Where spending went · Part IX cols B–D
Program services $0.08 Management & general $0.54 Fundraising $0.39
Program efficiency
8%
of spending reaches programs
Operating runway
7.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$587K
FY2022▲ +5%
Expenses
$545K
FY2022▲ +17%
Total assets
$322K
FY2022▲ +15%
Total liabilities
$0
FY2022
Total revenue
$587K
Pt VIII · Ln 12
Total expenses
$545K
Pt IX · Ln 25
Net assets
$322K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$43K
Total assetsPt X · Ln 16$322K
Program-expense ratioPt IX · col B8%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $42K of program spending, described in the organization's own filed words · FY2022.
01

Athena International

Developing diverse, transformative leaders worldwide through experiential programs that ignite, amplify and celebrate girls, women and allies - from youg scholars to seasoned professionals.

$38Kprogram expense
02

International women's day conference. The wit network is a global community of professional women and men who: encourage all women and girls to study stem and pursue careers in the technology sector; enable more women to attain leadership positions and career advancement; support more female entrepreneurs to start and develop profitable…

$5Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWit Network INC
EINHdr · item D83-2263021
Principal addressHdr · item COcean, NJ
WebsiteHdr · item Jthewitnetwork.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFOct 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Christine Bongard’s $233K as President is at the 100th percentile of top reported officer pay among 2165 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023
Christine Bongard$233,113$200,000

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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Statement of Revenue

Part VIII
Contributions & grants100%$587K
Total revenueLn 12$587K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.08 Management & general $0.54 Fundraising $0.39
Program services8%$42K
Management & general54%$292K
Fundraising39%$210K
Total functional expensesLn 25$545K

Balance Sheet

Part X · end of year
CashLn 1$316K
Total assetsLn 16$322K
Total liabilitiesLn 26$0
Total net assetsLn 32$322K
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $316K · Operating expenses/yr $545K
7.0 months
Where the money goes
Program services
Program services $42K · Total expenses $545K
8%
Management & General
Management & general $292K · Total expenses $545K
54%
Fundraising
Fundraising $210K · Total expenses $545K
39%
Cost to raise $1
Fundraising expense (3-yr avg) $70K · Solicited contributions (3-yr avg) $382K
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $587K · Total revenue $587K
100%
Government reliance
Government grants — · Total revenue $587K
Earned-income share
Program service revenue $0 · Total revenue $587K
0%
Investment reliance
Investment income $0 · Total revenue $587K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $545K
0%
Growth & trend
Revenue growth (YoY)
This year $587K · Prior year $559K
+5%
Net-asset trend (YoY)
End of year $322K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $587K · Expenses $545K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $322K
Net-asset ratio
Net assets $322K · Total assets $322K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $322K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christine Bongard · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $545K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $545K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 8%
Overhead ratio 54%
Fundraising cost ratio 36%
Revenue growth 5%
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.

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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)$574K revenue · ⤓ 990 PDF
FY2023$660K revenue · ⤓ 990 PDF
FY2022$587K revenue · viewing · ⤓ 990 PDF
FY2021$559K revenue · ⤓ 990 PDF
FY2020$525K 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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