2024-03-20T14:26:01-05:00 2023-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 6550 N FEDERAL HIGHWAY 4TH FLOOR FT LAUDERDALE FL 33308 990 2022-07-01 460910287 WOMEN CORPORATE DIRECTORS EDUCATION AND DEVELOPMENT FOUNDATION INC WOME 5612900389 4440 PGA BOULEVARD 600 PALM BEACH GARDENS FL 33410 JENNIFER REYNOLDS CEO 5612900389 2024-03-07 1 JENNIFER REYNOLDS XXX-XX-XXXX 1 TYLER JOHNSON P01959117 9547710896 2024-03-07 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER REYNOLDS 4440 PGA BOULEVARD 600 PALM BEACH GARDENS FL 33410 3618955 0 X WWW.WOMENSCORPORATEDIRECTORS.ORG X 2012 FL THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE PROGRAMS, SERVICES, AND EDUCATIONAL OPPORTUNITIES TO ENCOURAGE AND ENABLE WOMEN TO PARTICIPATE IN CORPORATE GOVERNANCE. 7 7 14 30 0 0 2386405 3166897 71300 382919 2114 82 -13463 69057 2446356 3618955 0 0 0 0 1491467 1619580 7825 0 440239 1227138 2295141 2726430 3914721 -280074 -295766 3323113 3117807 735914 848211 2587199 2269596 X THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE PROGRAMS, SERVICES, AND EDUCATIONAL OPPORTUNITIES TO ENCOURAGE AND ENABLE WOMEN TO PARTICIPATE IN CORPORATE GOVERNANCE. AS THE PREEMINENT ORGANIZATION FOR WOMEN BOARD MEMBERS GLOBALLY, THE ORGANIZATION'S PURPOSE IS TO INCREASE REPRESENTATION AND THE PIPELINE FOR WOMEN ON BOARDS, AND INSPIRE BOARDS WORLDWIDE THROUGH EDUCATION, RESEARCH AND TOOLS REGARDING BEST PRACTICES IN GOVERNANCE AND LEADERSHIP. 0 0 1260737 315125 THE GLOBAL INSTITUTE IS A CONFERENCE FOR WOMEN BOARD MEMBERS WHO SERVE ON LARGE PUBLIC COMPANY BOARDS. THIS EVENT IS TO PROVIDE PROGRAMMING AND NETWORKING OPPORTUNITIES FOR THOSE BOARD MEMBERS TO ENHANCE KNOWLEDGE AND EFFECTIVENESS OF THE BOARDS ON WHICH THEY SERVE. 0 INSTITUTES AND CONFERENCES ARE CONDUCTED IN VARIOUS LOCATIONS AROUND THE GLOBE FOR PURPOSES OF MORE LOCALIZED TRAINING AND EDUCATION OF WOMEN DIRECTORS. REGIONAL INSTITUTES AND EVENTS ARE HELD IN ASIA PACIFIC, EUROPE, AND THE AMERICAS WHERE PROGRAMMING DRAWS MEMBERS INTO A TRUE COMMUNITY OF KNOWLEDGE AND TRUST AND SHARING OF BEST PRACTICES. WCDIRECT VIRTUAL EVENTS PROVIDE PROGRAMMING AND NETWORKING OPPORTUNITIES FOR MEMBERS TO ENHANCE KNOWLEDGE AND EFFECTIVENESS OF THE BOARDS ON WHICH THEY SERVE. 213000 67794 LOCAL CHAPTER MEETINGS ARE HELD THROUGHOUT THE YEAR TO PROVIDE ACCESS TO PROGRAMMING AT A LOCAL MEMBER LEVEL REGARDING CORPORATE GOVERNANCE. WITH 70 CHAPTERS WORLDWIDE, CHAPTER EVENTS AND MEETINGS ARE HELD LOCALLY TO CONNECT WITH PEERS AND LEARN FROM EXPERTS IN AREAS CRITICAL TO SUCCESSFUL BOARD GOVERNANCE. 1513955 69057 OTHER PROGRAM SERVICE EXPENSES NOT DIRECTLY ALLOCATED TO THE ORGANIZATION'S THREE LARGEST PROGRAM SERVICES. 1513955 69057 2987692 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 9 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 X 7 7 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NC ND OH OK OR PA RI SC TN UT VA WV WI X X THE ORGANIZATION 5612900389 4440 PGA BOULEVARD 600 PALM BEACH GARDENS FL 33410 X MARYLEAN ABNEY CFO AND TREASURER 40.00 X X 9000 0 0 KAREN MITCHELL CURRAN CHAIR, LEAD DIRECTOR 10.00 X X 0 0 0 LISA DANIELS DIRECTOR 4.00 X 0 0 0 JACKIE DAYLOR DIRECTOR 4.00 X 0 0 0 DEBORAH ELLINGER DIRECTOR 4.00 X 0 0 0 KALPANA RAMAKRISHNAN DIRECTOR 4.00 X 0 0 0 MARY BETH VITALE DIRECTOR 4.00 X 0 0 0 JENNIFER REYNOLDS CEO 40.00 X 363611 0 27271 KATIE SQUIRES-THOMPSON COO 40.00 X 68513 0 5139 CHRISTINA BAERGA CHIEF MEMBERSHIP OFFICER 40.00 X 136982 0 16575 DIANNE FINNEMORE DEVELOPMENT EXECUTIVE 40.00 X 125697 0 15210 JUDY MCLEVEY SENIOR DIRECTOR EDUCATION & PROGRAMMING 40.00 X 105000 0 12705 808803 0 76900 3 0 1 0 JW MARRIOTT ESSEX HOUSE NEW YORK 160 CENTRAL PARK SOUTH NEW YORK NY 10019 VENUE FOR SEPTEMBER 2022 GLOBAL INSTITUT 320167 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE STE 1200 WEST PALM BEACH FL 33401 ACCOUNTING SERVICES 155842 DALTON AGENCY 140 W MONROE STREET JACKSONVILLE FL 32202 ADVERTISING SERVICES 110291 FOX ROTHSCHILD LLP 2000 MARKET STREET 20TH FLOOR PHILADELPHIA PA 19103 LEGAL SERVICES 107865 4 1263538 1903359 33500 3166897 CONVENTIONS 611430 315125 315125 CHAPTER MEETINGS 611430 67794 67794 382919 82 82 MISCELLANEOUS 900099 69057 69057 69057 3618955 451976 0 82 626500 375900 125300 125300 764985 458991 152997 152997 73143 43885 14629 14629 73130 43878 14626 14626 81822 49094 16364 16364 105994 66014 29560 10420 246045 153240 68618 24187 960 598 268 94 27944 27944 232583 191970 32698 7915 46030 46030 1260737 1260737 83061 27687 27687 27687 20217 12131 4043 4043 CHAPTER EXPENSES 213000 213000 OTHER EXPENSES 44351 44351 LICENSES AND FEES 14033 14033 MISCELLANEOUS 186 186 3914721 2987692 486790 440239 1320904 1067882 121781 116166 113034 58654 754358 462301 180626 292057 1583048 1583048 3720 0 3323113 3117807 253737 401734 482177 446477 735914 848211 X 2587199 2269596 2587199 2269596 3323113 3117807 X -295766 -21837 X X 0 1 X 1 0 X 1903073 2330357 2912958 2386405 3166897 12699690 1903073 2330357 2912958 2386405 3166897 12699690 4686009 8013681 16 5189 758 2114 82 8159 69057 69057 12776906 382919 0.62720 0.62360 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2022 AMOUNT: $ 69,057. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17679 6343 11336 736679 455958 280721 292057 X 3741755 122800 122800 3618955 0 3618955 4059358 122800 21837 144637 3914721 0 3914721 PART X, LINE 2: THE FOUNDATION IS A TAXEXEMPT, NOTFORPROFIT CORPORATION UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) EXCEPT FOR UNRELATED BUSINESS INCOME. THE FOUNDATION HAD NO NET TAXABLE, UNRELATED BUSINESS INCOME FOR THE FISCAL YEARS ENDED JUNE 30, 2023 AND 2022, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS ADOPTED THE PROVISION OF FASB ASC NO. 740, INCOME TAXES, WHICH REQUIRES THAT A TAX PROVISION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION DOES NOT TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION HAS NOT BEEN SUBJECT TO A U.S. FEDERAL INCOME TAX EXAMINATION SINCE ITS INCEPTION IN 2012. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON CHANGE IN FOREIGN CURRENCY TRANSLATION 21,837. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 LOCAL CHAPTER MEETINGS, INSTITUTES AND CONFERENCES. PROGRAM DEVELOPEMENT, BOTH CONTENT AND SPEAKERS; EVENT MANAGEMENT AND EXECUTION. 20841 NORTH AMERICA 0 0 LOCAL CHAPTER MEETINGS, INSTITUTES AND CONFERENCES. PROGRAM DEVELOPEMENT, BOTH CONTENT AND SPEAKERS; EVENT MANAGEMENT AND EXECUTION. 3065 ASIA 0 0 LOCAL CHAPTER MEETINGS, INSTITUTES AND CONFERENCES. PROGRAM DEVELOPEMENT, BOTH CONTENT AND SPEAKERS; EVENT MANAGEMENT AND EXECUTION. SOUTH AMERICA 0 0 LOCAL CHAPTER MEETINGS, INSTITUTES AND CONFERENCES. PROGRAM DEVELOPEMENT, BOTH CONTENT AND SPEAKERS; EVENT MANAGEMENT AND EXECUTION. 0 0 0 0 0 0 23906 0 23906 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X 1 0 0 0 0 0 0 0 0 JENNIFER REYNOLDS CEO 363611 0 0 0 0 0 21817 0 5454 0 390882 0 0 0 CHRISTINA BAERGA CHIEF MEMBERSHIP OFFICER 136982 0 0 0 0 0 8219 0 8356 0 153557 0 0 0 PART I, LINE 4A TWO INDIVIDUALS FORM 990 PART VII, WHOM REMAIN ANONYMOUS DUE TO CONFIDENTIALITY AGREEMENTS, RECEIVED SEVERANCES TOTALING $59,333. KPMG LLP DIRECTORS OF THE ORGANIZATION (SEE FOOTNOTE BELOW) 884000 FOUNDATION RECEIPTS FROM KPMG LLP FOR IN-KIND GOODS ($44,000) AND FOR SPONSORSHIPS IN THE AMOUNT OF $840,000. 0 0 SCH L, PART IV, (B): KAREN MITCHELL CURRAN (CURRENT PARTNER AT KPMG LLP), LISA DANIELS (VICE CHAIR OF GROWTH AND STRATEGY AT KPMG LLP) , KALPANA RAMAKRISHNAN (CURRENT PARTNER AT KPMG LLP), AND JACKIE DAYLOR (CURRENT PARTNER AT KPMG LLP) ALL SERVED AS DIRECTORS FOR THE ORGANIZATION FOR THE FISCAL YEAR ENDED JUNE 30, 2023. X EVENT ITEMS - SUPPLIES, TRAVEL, EXPENDITURES, PRINTING 0 77500 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A KPMG HAS SUPPORTED THE ACTIVITIES OF THE ORGANIZATION FOR MANY YEARS AND HAS PARTNERS AND RETIRED PARTNERS WITH CONSIDERABLE EXPERTISE IN THE ACTIVITIES AND GOALS OF THE ORGANIZATION. ACCORDINGLY, KPMG HAS THE RIGHT TO APPOINT THE NUMBER OF THE DIRECTORS OF THE ORGANIZATION THAT REPRESENTS THE MAJORITY OF THE BOARD OF DIRECTORS. IN ADDITION, THE KPMG-APPOINTED DIRECTORS MAY COMPRISE A MAJORITY OF ANY NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION REVIEWS A DRAFT OF THE FORM 990 WITH THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF THE FOUNDATION. A COPY OF THE FORM 990 (AS RECOMMENDED FOR FILING) IS PROVIDED TO THE DIRECTORS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EACH BOARD AND STAFF MEMBER SHALL EACH YEAR FILE WITH THE FOUNDATION DIRECTORS, A LIST OF ANY POSITION HE OR SHE HOLDS OR OF ANY BUSINESSES OR ACTIVITY WHICH MAY RESULT IN A POSSIBLE CONFLICT OF INTEREST. CHANGES MADE DURING THE YEAR ARE REPORTED IN A TIMELY MANNER. ANY PARTY HAVING AN INTEREST IN A CONTRACT OR TRANSACTION PRESENTED TO THE BOARD FOR APPROVAL SHALL GIVE PROMPT AND FULL DISCLOSURE OF THE FACTS PRIOR TO ACTING ON SUCH CONTRACT OR TRANSACTION. MEETING MINUTES WILL REFLECT ANY DISCLOSURES OF POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO COMPENSATION IS BASED ON TERMS OF HER CURRENT EMPLOYMENT CONTRACT. THE SERVICES OF A COMPENSATION CONSULTING FIRM HAS BEEN UTILIZED BY THE BOARD REGARDING CEO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS 990 AVAILABLE TO THE PUBLIC ON ITS WEBSITE. FORM 990 PART VII, SECTION A, LINE 1: COMPENSATION REVIEW PROCESS: THE FOUNDATION HAS A COMPENSATION TEAM THAT REVIEWS AND APPROVES THE COMPENSATION OF THE CEO, THIS TEAM IS COMPRISED OF THE LEAD DIRECTOR AND ONE OTHER BOARD DIRECTOR. THE REVIEW AND APPROVAL OF THE COMPENSATION OF THE CEO TAKES PLACE ON AN ANNUAL BASIS USING COMPARABILITY DATA SUCH AS INDUSTRY SURVEYS, DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS, AND/OR INDEPENDENT COMPENSATION STUDIES. FORM 990, PART XI, LINE 9: LOSS ON CHANGE IN FOREIGN CURRENCY TRANSLATION -21,837. FORM 990, PART XII, LINE 2C: AUDIT COMMITTEE RECEIVES A DRAFT OF THE AUDITED FINANCIAL STATEMENTS FOR ITS REVIEW AND COMMENT. WITH THE AUDIT COMMITTEE'S RECOMMENDATION, THE FOUNDATION'S BOARD OF DIRECTORS REVIEWS AND ACCEPTS THE AUDITED FINANCIAL STATEMENTS UPON COMPLETION.