Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions. Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
Network of Executive Women Inc
Employer identification number
76-0677933
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization?
................
11g(i)
(ii)
A family member of a person described in (i) above?
......................
11g(ii)
(iii)
A 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of monetary support
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
1,278,151
991,619
1,282,841
1,139,560
1,413,026
6,105,197
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3
1,278,151
991,619
1,282,841
1,139,560
1,413,026
6,105,197
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
2,113,815
6
Public support. Subtract line 5 from line 4.
3,991,382
Section B. Total Support
Calendar year
(or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
7
Amounts from line 4..
1,278,151
991,619
1,282,841
1,139,560
1,413,026
6,105,197
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
4,461
19,100
10,229
5,673
8,241
47,704
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
10
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..
11
Total support (Add lines 7 through 10).
6,152,901
12
Gross receipts from related activities, etc. (see instructions)
..................
12
11,484,545
13
First five years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.................................................
Section C. Computation of Public Support Percentage
14
Public support percentage for 2013 (line 6, column (f) divided by line 11, column (f))
.........
14
64.870 %
15
Public support percentage for 2012 Schedule A, Part II, line 14
...............
15
63.700 %
16a
33 1/3% support test—2013.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
.......................
b
33 1/3% support test—2012.
If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2013.
If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization
.....................................................
b
10%-facts-and-circumstances test—2012.
If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization
................................................
18
Private foundation.
If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions
.....................................................
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
..
13
Total support. (Add lines 9, 10c, 11, and 12.)..
14
First five years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public support percentage for 2013 (line 8, column (f) divided by line 13, column (f))
.........
15
16
Public support percentage from 2012 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2013 (line 10c, column (f) divided by line 13, column (f))
......
17
18
Investment income percentage from 2012 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2013.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
........
b
33 1/3% support tests—2012.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
.....
20
Private foundation.
If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 4
Part IV
Supplemental Information.
Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2013
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
Network of Executive Women Inc
Employer identification number
76-0677933
Return Reference
Explanation
Form 990, Part VI, Section A, line 6
The Network of Executive Women has approximately 8,000 individual members who are able to participate in the educational and leadership development activities of the organization.
Form 990, Part VI, Section A, line 7a
It is the responsibility of the members to elect the Board of Directors. The members do not have the authority to determine officers of the Board of Directors. That power is reserved by the Board of Directors.
Form 990, Part VI, Section A, line 7b
A majority vote of the members is required to dissolve the Network of Executive Women. The members also have the responsibility of transacting any other such business that may come before it at meetings. No member shall have any authority to act in the name of or in behalf of the Network, or to bind the Network to any obligation. No member shall have the authority (direct or implied) to increase or decrease the budget approved by the Board of Directors. Nor shall any member have the authority (direct or implied) to allocate, apply or expend funds of the Network, unless and until there has been an express authorization by resolution properly adopted by the Board of Directors or Executive Committee.
Form 990, Part VI, Section A, line 8b
Officer team meetings conducted by phone do not require written minutes.
Form 990, Part VI, Section B, line 11
The return is reviewed by management. Prior to filing the Form 990, the Network of Executive Women's governing board received a copy of the filing.
Form 990, Part VI, Section B, line 12c
Procedures for Addressing the Conflict of Interest. 1. If the Board determines that a particular relationship or transaction represents an actual, potential or apparent conflict of interest, it shall resolve such actual, potential or apparent conflict in one of the following manners: a. Waive the actual, potential or apparent conflict as unlikely to affect the Director's ability to act in the best interests of NEW. b. Determine that the Director should be recused from all deliberations and decision-making related to the particular transaction which gives rise to the actual, potential or apparent conflict. c. Determine that the Director must resign from his/her service to NEW because the actual, potential or apparent conflict is so pervasive that the Director would seldom, if ever, likely be able to act in the best interests of NEW. 2. The following procedure is applicable to all instances in which a Director (or the Director's company, organization or another entity for which the Director serves in a leadership, employment or ownership capacity, or a member of the Director's family) seeks to provide goods or services to NEW as a paid vendor, or seeks to receive a significant grant or contract for one of the three organizations. a. The Director must disclose to the Board in advance of any related action to be taken by the Board his/her intent to seek to provide goods or services as a paid vendor to NEW, or receive a grant or contract from NEW; b. After disclosure, the Director may make a presentation to the Board regarding the proposed transaction or arrangement, but after such presentation, the Director must recuse himself/herself from all deliberations and voting related to the contemplated action; c. If the value of the transaction exceeds $5,000, NEW must, through a request for proposal process, have solicited proposals broadly from other qualified vendors/ prospective grant or contract recipients and received (or attempted to receive) written bids from at least three such individuals/ entities (including the Director); d. After exercising due diligence, the Board shall exercise its best efforts to determine whether NEW can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest; e. The Board must determine (without the presence or participation of the Director), upon advice of its counsel and by a majority vote of the disinterested members of the Board, that the transaction or arrangement is fair and reasonable and in NEW's best interest based on all of the facts and circumstances, and such determination (including the fact that is was made in the absence of the Director) shall be documented as part of the relevant meeting minutes (all competing bids received should be retained as well); and f. If selected, the Director may not participate in any process by which his/her performance as a vendor/grant or contract recipient is evaluated.
Form 990, Part VI, Section B, line 15
The President & Chief Executive Officer's compensation is reviewed annually working with a compensation consulting group and a Compensation Committee which is established by the Board of Directors. The Board of Directors are independent. External data is received from the American Society of Association Executives and PRM to substantiate and support the compensation level. The Compensation Committee Chair makes change recommendations to the five Officers of the Board. The approved increases/changes are presented to the Board. Compensation changes for other employees is based on their level. For the top 3 Executives reported on the Form 990 below the CEO/President, the Compensation Committee Chair with input from the CEO/President makes change recommendations to the five Officers of the Board. The approved increases are presented to the Board. For other Vice Presidents and above the CEO/President with the five Officers of the Board approve any changes.
Form 990, Part VI, Section C, line 19
The Network of Executive Women makes its governing documents and its Conflict of Interest Policy available to the public on their website. The financial statements are not available for public inspection.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.