Maiden Factor Foundation INC FY2022 filing

Tax-deductible

Williamsburg, VA501(c)(3)Human ServicesEIN 84-2562795Revenue $224K in FY2022

On file with the IRSthemaidenfactor.org1490-5a Quarterpath Road Ste 324, 23185-0000 · Williamsburg, VATax-exempt since Oct 2019Publicly supported — 509(a)(2)

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Advance educational opportunities for girls and/or women around the world who would not otherwise receive opportunities for a formal or vocational education; to remove barriers to education through efforts to increase awareness of their existence amongst the general public, policymakers, opinion leaders, and media; to commission research on all aspects of potential obstacles to the education of girls and publish those results.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$8K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $42K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 4 voting members
Worth a look: 1 of 4 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$224K
+138% vs prior year
Spent
$172K
To programs
95%
Net assets
$110K
By yearFY2020–FY2024
Revenue
$224K
FY2022▲ +138%
Tap a bar for its year
Revenue by fiscal year
FY2020$94K
FY2022$224K
FY2023$55K
FY2024$1K
Net assets
$110K
FY2022▲ +75%
Tap a bar for its year
Net assets by fiscal year
FY2020$63K
FY2022$110K
FY2023$45K
FY2024$9K

From the FY2022 Form 990 (year ending September 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $164K Management & general 5% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Ex. Officer/Adm
$7,500Pt VII · Sec A
Chair & Treas.
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jocelyn a Van Coney’s $18K as Executive Officeradministrator is at the 42nd 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Jocelyn a Van Coney$18,000———
Jocelyn Van Coney—$13,510$7,500$3,000

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers girls and women globally with education, removing barriers and raising awareness through research and advocacy.

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Provided by the organization

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1 program · $164K · in their own filed words · FY2021
01

The maiden factor foundation works to advance educational opportunities for girls AND/OR women around the world who would not otherwise receive opportunities for a formal education or vocational education.

$164Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 2 funders$42K
Grants paid · 1 grant · $60K · 2021–2021
The Maiden Factor FoundationFY2021$60,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$224K
Ln 12
Gifts and grantsLn 1h$224K
Investment incomeLn 3$5
Money outPt IX
$172K
Ln 25
Programscol B$164K
Managementcol C$9K
Owns and owesPt X
$110K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$110K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$224K
Investment incomeLn 3$5
Gains on assetsLn 7$0
Total revenueLn 12$224K
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$0
Cash and savings togetherLn 1–2$76K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$110K
LiabilitiesLn 26$0
Net assetsLn 32$110K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$58K$76K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$58K$110K
LiabilitiesLn 26$0$0
Net assetsLn 32$58K$110K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$66K$66K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$8K$8K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$200$200
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$50$50
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$7K$6K$1K
TravelLn 17$10$10
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$76K$76K$6
All other expensesLn 24e$0
Total functional expensesLn 25$172K$164K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1K$9K 990 PDF
FY2023 $55K$45K 990 PDF
FY2022 Viewing $224K$172K$52K$110K 990 PDF
FY2021 Not on file
FY2020 $94K$63K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $224,287 revenue, 12 lines filed
I-8 Contributions and grants$224,282
I-9 Program service revenue$0
I-10 Investment income$5
I-11 Other revenue$0
I-12 Total revenue$224,287
I-13 Grants and similar amounts paid$66,210
I-14 Benefits paid to members$0
I-15 Salaries and benefits$7,500
I-16a Professional fundraising fees$0
I-17 Other expenses$98,497
I-18 Total expenses$172,207
I-19 Revenue less expenses$52,080
Part VI · Governance 1 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $224,287 across 8 lines filed
VIII-1f All other contributions, gifts and grants$224,282
VIII-1h Total contributions, gifts and grants$224,282
VIII-3 Investment incomeExcluded from tax $5$5
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $5$224,287
Part IX · Statement of functional expenses $172,207 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $66,210$66,210
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $7,500$7,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $200$200
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $50$50
IX-12 Advertising and promotionPrograms $16,001$16,001
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $5,706 · Management $1,006$6,712
IX-17 TravelPrograms $10$10
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $75,518 · Management $6$75,524
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $163,695 · Management $8,512 · Fundraising $0$172,207
Part X · Balance sheet $110,014 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $57,934$76,014
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$34,000
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $57,934$110,014
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $57,934$110,014
X-32 Total net assets or fund balancesStart of year $57,934$110,014
X-33 Total liabilities and net assetsStart of year $57,934$110,014
Part XI · Reconciliation of net assets $110,014 net assets at year end
XI-1 Total revenue$224,287
XI-2 Total expenses$172,207
XI-3 Revenue less expenses$52,080
XI-4 Net assets at start of year$57,934
XI-10 Net assets at end of year$110,014

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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