Wit Network INC EIN 83-2263021

Wit Network INC FY2023 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 · $200K
Money in and out
$660K revenue, $770K expenses
Bottom line
13% program efficiency

Encourages women and girls in STEM, supports their leadership and entrepreneurship in tech. For fiscal year 2023 it reported $660K in revenue, $770K in expenses, and $212K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$770K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$110K
Where spending went · Part IX cols B–D
Program services $0.13 Management & general $0.63 Fundraising $0.24
Program efficiency
13%
of spending reaches programs
Operating runway
3.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$660K
FY2023▲ +12%
Expenses
$770K
FY2023▲ +41%
Total assets
$216K
FY2023▼ -33%
Total liabilities
$4K
FY2023
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$770K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$110K
Total assetsPt X · Ln 16$216K
Program-expense ratioPt IX · col B13%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $103K of program spending, described in the organization's own filed words · FY2023.
01

Athena International

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

$68Kprogram expense
02

International womens day conference. The wit network is a globalcommunity of professional women and men who: encourage all women andgirls to study stem and pursue careers in the technology sector; enablemore women to attain leadership positions and career advancement;support more female entrepreneurs to start and develop…

$35Kprogram 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 1bpending
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
$200,000Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
Executive Dir.
$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%$660K
Total revenueLn 12$660K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.13 Management & general $0.63 Fundraising $0.24
Program services13%$103K
Management & general63%$482K
Fundraising24%$185K
Total functional expensesLn 25$770K

Balance Sheet

Part X · end of year
CashLn 1$213K
Total assetsLn 16$216K
Total liabilitiesLn 26$4K
Total net assetsLn 32$212K
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $213K · Operating expenses/yr $770K
3.3 months
Where the money goes
Program services
Program services $103K · Total expenses $770K
13%
Management & General
Management & general $482K · Total expenses $770K
63%
Fundraising
Fundraising $185K · Total expenses $770K
24%
Cost to raise $1
Fundraising expense (3-yr avg) $132K · Solicited contributions (3-yr avg) $602K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $660K · Total revenue $660K
100%
Government reliance
Government grants — · Total revenue $660K
Earned-income share
Program service revenue $0 · Total revenue $660K
0%
Investment reliance
Investment income $0 · Total revenue $660K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $770K
0%
Growth & trend
Revenue growth (YoY)
This year $660K · Prior year $587K
+12%
Net-asset trend (YoY)
End of year $212K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $660K · Expenses $770K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $216K
Net-asset ratio
Net assets $212K · Total assets $216K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $216K
0%
People & payroll
Highest Reported Total Compensation
Individual Christine Bongard · Reported title President · Highest reported compensation $200K · Total expenses $770K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $270K · Total expenses $770K
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 13%
Overhead ratio 63%
Fundraising cost ratio 28%
Revenue growth 12%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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 · viewing · ⤓ 990 PDF
FY2022$587K revenue · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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