Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 1 | THE WOMEN'S FORUM OF NEW YORK IS AN INVITATION-ONLY ORGANIZATION OF MORE THAN 500 WOMEN REPRESENTING THE HIGHEST LEVELS OF ACHIEVEMENT ACROSS ALL PROFESSIONAL SECTORS AND SPHERES OF INFLUENCE IN OUR CITY. FOUNDED IN 1974, WHEN WOMEN WERE FIRST ENTERING THE EXECUTIVE RANKS, TODAY'S WOMEN FORUM MEMBERS ARE RECOGNIZED AMONG NEW YORK'S THOUGHT LEADERS, INFLUENCERS, TRAILBLAZERS, POLICYMAKERS, CHANGE AGENTS, POWER BROKERS, INNOVATORS, ICONS, CREATORS AND BUSINESS BUILDERS. FORUM MEMBERSHIP PROVIDES EXTRAORDINARY WOMEN WITH THE OPPORTUNITY TO NETWORK WITH A DIVERSE ARRAY OF PEERS, TO HELP ONE ANOTHER SUCCEED AND TO SHARE UNIQUE EXPERIENCES. WE BELIEVE THE POTENTIAL FOR CROSS-COLLABORATION AMONG OUR DIVERSE MEMBERSHIP AND GENERATIONS OF MEMBERS IGNITES PROGRESS AND TRANSFORMATION FOR ALL OF US. WFI ADVANCES WOMEN'S LEADERSHIP THREE WAYS: - THROUGH OUR CORE PROGRAMMING WHICH PROVIDES PERSONAL AND PROFESSIONAL ENRICHMENT TO OUR MEMBERS - THROUGH OUR EDUCATION FUND'S FELLOWS PROGRAM WHICH PROVIDES EDUCATION AWARDS TO HIGH POTENTIAL WOMEN WHOSE CAREERS HAVE BEEN DERAILED BY ADVERSITY - THROUGH OUR EDUCATION FUND'S CORPORATE BOARD INITIATIVE WHICH FOCUSES ON ACCELERATING THE ADVANCEMENT OF WOMEN ON CORPORATE BOARDS IN ALL INDUSTRY SECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS SHALL BE FIXED BY THE BOARD OF DIRECTORS FROM TIME TO TIME, BUT SHALL NOT BE LESS THAN 101. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE OFFICERS, DIRECTORS, AND MEMBERSHIP-ELECTED MEMBERS OF COMMITTEES SHALL BE ELECTED AT THE ANNUAL MEETING OF THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7B | AMENDMENTS TO THE BY-LAWS OF THE ORGANIZATION REQUIRE THE APPROVAL OF THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE WOMEN'S FORUM INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, IT IS REVIEWED BY THE BOARD TREASURER, A MEMBER OF THE BOARD, AND THE EXECUTIVE DIRECTOR WITH THE OUTSIDE ACCOUNTING FIRM. ONCE IT IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE ("IRS"), IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE WOMEN'S FORUM HAS A CONFLICT OF INTEREST POLICY. IN ACCORDANCE WITH THE POLICY A CONFLICT OF INTEREST STATEMENT IS COMPLETED ANNUALLY BY DIRECTORS AND OFFICERS AS WELL AS MANAGEMENT STAFF. THE FORUM IS AWARE THAT ACQUIRING GOODS OR SERVICES FROM, OR ENGAGING IN TRANSACTIONS WITH, ITS OFFICERS, DIRECTORS, MEMBERS OF THEIR FAMILIES OR ENTITIES IN WHICH THEY HAVE A FINANCIAL INTEREST OR WITH WHICH THEY ARE AFFILIATED (SUCH PERSONS AND ENTITIES ARE REFERRED TO COLLECTIVELY AS "INTERESTED PARTIES") MAY CREATE AN APPEARANCE OF IMPROPRIETY. IN ORDER TO PROTECT THE FORUM AGAINST ANY IMPROPER APPEARANCE, THE FORUM WILL RESTRICT ITS BUSINESS DEALINGS WITH INTERESTED PARTIES AS FOLLOWS: (A) THE FORUM MAY ACQUIRE GOODS OR SERVICES FROM, OR OTHERWISE TRANSACT BUSINESS WITH, AN INTERESTED PARTY IF THE BOARD DETERMINES IN ITS JUDGMENT THAT THE GOODS OR SERVICES PROVIDED TO THE FORUM ARE, OR THE TRANSACTION IS, ON TERMS NO LESS ADVANTAGEOUS TO THE FORUM THAN THE TERMS THAT ARE AVAILABLE TO THE FORUM FROM THIRD PARTIES. IF AN INTERESTED PARTY OFFERS TERMS WHICH ARE AS ADVANTAGEOUS TO THE FORUM AS TERMS OFFERED BY ANOTHER VENDOR, THE FORUM MAY, BUT SHALL NOT BE REQUIRED TO, CONSIDER OTHER BENEFITS DERIVED BY IT FROM THE INTERESTED PARTY (E.G. PAST OR ANTICIPATED SERVICES RENDERED OR FINANCIAL SUPPORT) IN SELECTING BETWEEN OTHERWISE EQUALLY DESIRABLE VENDORS. (B) WHENEVER THE FORUM IS CONSIDERING ACQUIRING GOODS OR SERVICES FROM, OR ENTERING INTO A TRANSACTION WITH, AN INTERESTED PARTY, THE DETAILS THAT CREATE THE INTERESTED PARTY RELATIONSHIP SHALL BE DISCLOSED TO THE FORUM IN WRITING. A COPY OF THE DISCLOSURE SHALL BE SUPPLIED TO THE BOARD. (C) THE FORUM SHALL ENTER INTO A TRANSACTION WITH AN INTERESTED PARTY ) AN "INTERESTED PARTY TRANSACTION") ONLY IF THE BOARD IS MADE AWARE OF THE INFORMATION REFERRED TO IN SECTION 1 (B) OF THIS POLICY AND THE MAJORITY OF THE DIRECTORS THEN SERVING APPROVE THE TRANSACTION AS BEING FAIR AND IN THE BEST INTERESTS OF THE FORUM. FOR PURPOSES OF THE PRECEDING SENTENCE, ANY DIRECTOR WHO IS (OR HAS AN INTEREST IN OR IS RELATED TO) THE INTERESTED PARTY THAT IS A PARTY TO A PROPOSED TRANSACTION SHALL NOT BE CONSIDERED A DIRECTOR (INCLUDING, WITHOUT LIMITATION, FOR THE PURPOSE OF DETERMINING A QUORUM), SHALL NOT PARTICIPATE IN THE VOTE ON THE TRANSACTION, AND SHALL NOT ATTEND ANY MEETING WHILE THE APPROVAL OF THE TRANSACTION IS CONSIDERED. NOT WITHSTANDING THE FOREGOING, HOWEVER, PRIOR APPROVAL OF THE BOARD OF DIRECTORS SHALL NOT BE REQUIRED IF THE TRANSACTION FALLS BELOW A DE MINIMIS THRESHOLD ESTABLISHED BY THE BOARD. (D) THE BOARD SHALL EITHER CREATE A CONFLICT OF INTEREST COMMITTEE CONSISTING OF MEMBERS OF THE BOARD (OR ASSIGN TO AN EXISTING COMMITTEE OF THE BOARD) TO WHICH THE BOARD DELEGATES RESPONSIBILITIES TO: 1. MONITOR TRANSACTIONS WITH INTERESTED PARTIES; 2. MAKE SUCH RECOMMENDATIONS AS IT MAY DEEM APPROPRIATE FROM TIME TO TIME FOR ACTIONS TO BE TAKEN BY THE BOARD WITH RESPECT TO INTERESTED PARTY TRANSACTIONS; 3. INTERPRET THE ARTICLES OF INCORPORATION, BY-LAWS AND SPECIFICALLY THIS POLICY, RELATING TO CONFLICTS OF INTEREST; 4. ESTABLISH SUCH CRITERIA AS IT MAY DEEM APPROPRIATE FOR DE MINIMIS TRANSACTIONS THAT NEED NOT BE APPROVED HEREUNDER; AND 5. REPORT AT LEAST ONCE IN EACH CALENDAR YEAR TO THE BOARD ON THE ACTIVITIES OF THE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 15A | IN 2018 THE WOMEN'S FORUM CONDUCTED AN EXECUTIVE SEARCH TO REPLACE ITS FORMER EXECUTIVE DIRECTOR WHO RETIRED IN JULY 2018. MARKET DATA WAS USED TO DETERMINE THE NEW EXECUTIVE DIRECTOR'S SALARY. THE BOARD DOCUMENTED THEIR REVIEW, AND APPROVAL OF THE EXECUTIVE DIRECTOR'S COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 59 EAST 54TH STREET SUITE 81, NEW YORK, NY 10022 OR BY CALLING THE ORGANIZATION DIRECTLY AT (212)-447-9107. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS DELEGATED RESPONSIBILITY FOR OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS TO A BOARD APPOINTED REVIEW COMMITTEE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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