Overview
What is 5050 Women On Boards Inc?
5050 Women On Boards Inc is a nonprofit organization based in Los Angeles, California, with a mission to promote gender balance and diversity on boards of Russell 3000 Index Companies. They aim to have women hold 50% of the board seats and women of color holding at least 20%. In 2022, they organized various virtual and city conversations to further this cause. These events were primarily funded by individual attendees and corporations purchasing sponsorships, with proceeds being retained by the organization. The events featured speakers discussing themes related to the organization's mission and offered sponsorship packages with benefits ranging from online and social media recognition to acknowledgment at the events. The organization is led by a volunteer chair or co-chair and operates with a team of seven employees.
Official website here: www.5050wob.com
Is 5050 Women On Boards Inc legitimate?
5050 Women On Boards Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 5050 Women On Boards Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $543,709
Professional Fundraising Fees: $1,500
Other Salaries and Wages: $201,087
For more financial information, click here
Official website here: www.5050wob.com
What is the mission statement of 5050 Women On Boards Inc?
5050 Women On Boards Inc is committed to promoting gender balance and diversity on the boards of Russell 3000 Index companies. Their goal is to have women occupy 50% of the board seats and women of color holding at least 20% of the seats. This organization aims to accelerate this transformation, contributing to more inclusive and equitable decision-making processes in corporate governance. The activities of 5050 Women On Boards Inc involve organizing and hosting virtual and city discussions on board diversity, with attendees paying for entry and corporations purchasing sponsorships for additional benefits. All proceeds from these events support the organization's mission.
Official website here: www.5050wob.com
Who is the CEO of 5050 Women On Boards Inc?
Betsy Berkhemer-Credaire is the Treasurer of 5050 Women On Boards Inc. The CEO's salary of 5050 Women On Boards Inc is $201,000 and their total compensation is $207,030.
Official website here: www.5050wob.com
What is the revenue of 5050 Women On Boards Inc?
Who are the executives of 5050 Women On Boards Inc and what are their salaries?
The average compensation at 5050 Women On Boards Inc during 2022 was $106,399. There are 7 employees and 436 volunteers at 5050 Women On Boards Inc.
Here are 14 key members and their salaries (5050 Women On Boards Inc's CEO's salary is $201,000 and their total compensation is $207,030):
- Heather Spilsbury (Chief Operating Officer)
- Betsy Berkhemer-Credaire (President, Ceo) [Trustee/Director]
- Eugenia Tello (Director Of Finance)
- Stephanie Sonnabend (Chair) [Trustee/Director]
- Malli Gero (Vice Chair, Secretary) [Trustee/Director]
- Renee Fraser (Treasurer) [Trustee/Director]
- Herman Bulls (Director)
- Tracey Doi (Director)
- Robin Ferracone (Director)
- Michael Fraccaro (Director (Start 02/22))
- Julie Hill (Director)
- John Iino (Director)
- Jan Jones Blackhurst (Director)
- Maria Rivas (Director)
Official website here: www.5050wob.com
Where can I find the form 990 for 5050 Women On Boards Inc?
The 5050 Women On Boards Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.5050wob.com
Learn more at the official website: www.5050wob.com
Mission Statement of 5050 Women On Boards Inc
5050 Women On Boards Inc is dedicated to promoting gender balance and diversity on the boards of Russell 3000 Index companies. Their commitment is to have women occupy 50% of the board seats, and women of color holding at least 20% of the board seats. This organization aims to foster an environment where gender and racial diversity are valued and integrated into corporate decision-making processes. By achieving this goal, they believe that companies will be better positioned to succeed in today's diverse and globalized world. The organization's mission is not just about numbers; it's about creating a more inclusive and equitable business landscape where every voice matters.
Throughout the year, 5050 Women On Boards Inc organizes events to discuss and promote their mission. These events, which are a mix of virtual and in-person conversations, are led by volunteer chairs or co-chairs. The organization enters into agreements with these volunteers for event planning and fundraising, but all expenses and proceeds remain with the organization. The events, which are centered around themes related to gender balance and diversity, attract individual attendees who pay for entry and corporations that purchase sponsorships. The sponsorship packages offer a variety of benefits, including online and event recognition, depending on the package selected. All proceeds from these events are considered unlimited, providing the organization with the necessary funds to continue its mission.
Impact
This information is meant to be a general summary of 5050 Women On Boards Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
5050 Women On Boards Inc's impact can be seen in its commitment to accelerating gender balance and diversity on boards of Russell 3000 Index companies. By advocating for women to hold 50% of the board seats and ensuring women of color hold at least 20% of the board seats, the organization is working towards creating more inclusive and representative corporate leadership.
Through initiatives like the Global Conversation on Board Diversity, which includes virtual and city conversations, 5050 Women On Boards Inc provides a platform for discussing crucial issues related to board diversity. These events, organized and run by volunteers, offer valuable insights and perspectives on how to achieve greater gender balance in corporate leadership.
Furthermore, the organization's fundraising efforts through sponsorships for events contribute to its financial sustainability and ability to continue driving change in boardrooms. By engaging both individual attendees and corporations in these conversations, 5050 Women On Boards Inc is actively working towards its mission of promoting civil rights and equality in corporate governance.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKSHOP TUITION
Revenue
$120,749
NETWORKING HUB
Revenue
$1,904
Organization Details
Founding Year
2010
Phone
(323) 416-2020
Principal Officer
Betsy Berkhemer-Credaire
Main Address
PO BOX 861958, LOS ANGELES, CA, 90086
Website
www.5050wob.com
NTEE Category
Code: R24 - Civil rights
If you are a representative of 5050 Women On Boards Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.