Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 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 | ||||||
| 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).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 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 VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 382,559 | 382,559 | ||||
| 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 ..... | 300 | 300 | ||||
| 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 | 382,859 | 382,859 | ||||
| 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.) | 382,859 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 382,859 | 382,859 | ||||
| 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 VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 382,859 | 382,859 | ||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | FWLE IS A NONPROFIT CORPORATION ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, WITHIN THE MEANING OF THE SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, FOR THE SPECIFIC OBJECTIVE OF ADVANCING THE PERSONAL AND PROFESSIONAL GROWTH OF WOMEN OF ALL BACKGROUNDS TO ACHIEVE THE HIGHEST POTENTIAL AS LEADERS OF OUR WORKPLACES, COMMUNITIES AND SOCIETY IN EQUAL PARTNERSHIP WITH MEN. THE CORPORATION'S INITIATIVES, PROGRAMS AND EVENTS ARE PRIMARILY AIMED AT THE EDUCATION AND DEVELOPMENT OF WOMEN AND GIRLS, BUT ARE OPEN AND INCLUSIVE OF MEN AS WELL, AND STRIVE TO IMPART LEADERSHIP LESSONS TO PERSONS OF ALL WALKS OF LIFE. OUR ASPIRATIONAL GOALS ARE MULTI-DIMENSIONAL: EMPOWER: INSPIRE AND MOTIVATE WOMEN AND MEN TO TRANSCEND THE TRADITIONAL BOUNDARIES IMPOSED UPON THEM - WHETHER INTERNAL OR EXTERNAL, AND EXPAND THEIR SELF-CONFIDENCE, SELF-DETERMINATION AND CAPACITY TO REACH THEIR HIGHEST LEVEL OF PERSONAL AND PROFESSIONAL EXCELLENCE. EDUCATE: PRODUCE AFFORDABLE LEADERSHIP/EMPOWERMENT CONFERENCES AND OTHER TYPES OF PROGRAMS THAT EDUCATE AND TRAIN WOMEN AND MEN IN THE COMPETENCIES AND SKILLS ESSENTIAL TO SELF-DETERMINATION, SELF ADVOCACY, CAREER PLANNING AND PROGRESSION - INCLUDING FOCUS ON THE DISTINCT CHALLENGES WOMEN AND MEN OF COLOR CONFRONT, AND SUCCESS STRATEGIES TO OVERCOME THE SAME. ADVOCATE: SUPPORT THE UNITED NATION'S SUSTAINABLE DEVELOPMENT GOAL 5 TO END DISCRIMINATION AND ACHIEVE GENDER EQUALITY FOR ALL WOMEN AND GIRLS - THROUGH ADVOCACY AND PERFORMANCE OF THE MISSION OF FWLE. DONATE: GIVE PHILANTHROPIC SUPPORT TO OTHER NONPROFIT ORGANIZATIONS, PROGRAMS OR INITIATIVES THAT ARE DEDICATED TO THE DEVELOPMENT AND WELFARE OF WOMEN AND GIRLS - TO THE EXTENT PRACTICABLE AND WITHIN FWLE'S FINANCIAL RESOURCES. |
| FORM 990, PAGE 2, PART III, LINE 4A | THE FOUNDATION FOR WOMEN'S LEADERSHIP & EMPOWERMENT ("FWLE") ASSUMED THE ROLE OF OWNER AND PRODUCER OF THE PRE-EXISTING ANNUAL WOMEN'S LEADERSHIP CONFERENCE ("WLC") PURSUANT TO A CHARITABLE DONATION FROM THE MGM RESORTS FOUNDATION EFFECTIVE AS OF DECEMBER 31, 2019. THE AUGUST 2019 WLC WAS THE LAST CONFERENCE PRODUCED BY THE MGM RESORTS FOUNDATION. HENCEFORTH, IT IS CONTEMPLATED THAT FWLE WILL PRODUCE AND PRESENT WLC AS ITS ANCHOR PROGRAM. TRADITIONALLY WLC HAS BEEN A TWO-DAY, IN-PERSON CONFERENCE EXPERIENCE COMPRISED OF THE FOLLOWING ELEMENTS: -MAINSTAGE PRESENTATIONS BY KEYNOTE SPEAKERS WHO ARE ACCLAIMED CROSS- INDUSTRY ROLE MODELS FROM ALL LEVELS OF LEADERSHIP -MULTI-FACETED GROUP WORKSHOPS LED BY SUBJECT MATTER EXPERTS WHO TEACH LEADERSHIP COMPETENCIES AND SKILLS AND EXPLORE REAL-LIFE ISSUES AND SITUATIONS -INDIVIDUAL CAREER GUIDANCE SESSIONS WITH PROFESSIONAL COACHES BY APPOINTMENT ONLY -PEER DISCUSSION WITH HIGH-ACHIEVING COLLEAGUES FROM DIVERSE BACKGROUNDS AND WORKPLACES -PROFESSIONAL NETWORKING THE PRESENTATIONS AND WORKSHOP SUBJECTS SPOTLIGHT OR EXAMINE DIFFERENT ASPECTS OF LEADERSHIP COMPETENCIES, SUCH AS SELF-CONFIDENCE; EFFECTIVE COMMUNICATION; EMOTIONAL INTELLIGENCE; CAREER PLANNING; TEAM BUILDING; LEADING VIRTUAL TEAMS; FINANCIAL ACUMEN; ETC. |
| FORM 990, PAGE 6, PART VI, LINE 11B | PREPARATION OF THE ANNUAL FOUNDATION FOR WOMEN'S LEADERSHIP & EMPOWERMENT ("FWLE") FORM 990 ENCOMPASSES THE FOLLOWING STEPS: 1) COMPILATION OF SPECIFIED FINANCIAL INFORMATION BY FWLE FINANCIAL MANAGER/TREASURER IN CONSULTATION WITH THE FOUNDATION'S INDEPENDENT ACCOUNTANT; 2) COMPILATION OF SPECIFIED NON-FINANCIAL INFORMATION BY FWLE PRESIDENT; 3) REVIEW OF ALL DRAFT FINANCIAL AND NON-FINANCIAL INFORMATION BY FWLE PRESIDENT; 4) SUBMISSION OF FINANCIAL AND NON-FINANCIAL INFORMATION TO FWLE'S INDEPENDENT ACCOUNTANT FOR REVIEW; 5) FOLLOW-UP CONSULTATION AMONG INDEPENDENT ACCOUNTANT AND FWLE PRESIDENT AND FINANCIAL MANAGER/TREASURER; 6) CONSULTATION WITH THE FOUNDATION'S BOARD OF DIRECTORS REGARDING THE DRAFT FROM 990 AND 7) FINAL CONSULTATION OF FWLE PRESIDENT AND FINANCIAL MANAGER/TREASURER WITH INDEPENDENT ACCOUNTANT FOR INCORPORATION OF ANY CORRECTIONS OR REVISIONS, FINAL APPROVAL AND SIGNATURE FOR FILING WITH THE IRS. A COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS EACH YEAR AND A COPY WILL BE MADE AVAILABLE ON FWLE'S COMPUTER NETWORK SYSTEM FOR REVIEW. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE CONFLICT OF INTEREST POLICY WAS ADOPTED AT THE VERY OUTSET OF THE FOUNDING OF FWLE AS A PART OF THE ORGANIZATIONAL FILING WITH THE STATE OF NEVADA, ALONG WITH THE BY-LAWS. THE BYLAWS AND THIS POLICY WERE AUTHORIZED BY ALL MEMBERS OF THE BOARD AS A PART OF THE INITIAL FILING PROCESS. HENCE, ALL BOARD MEMBERS WERE ON NOTICE FROM THE VERY BEGINNING AND COMMITTED TO COMPLY WITH THE ARTICLES, BYLAWS AND CONFLICT OF INTEREST POLICY OF THE FOUNDATION. MOREOVER, AT THE OCTOBER 26, 2019 BOARD OF DIRECTORS MEETING, THE PRESIDENT OF THE FOUNDATION REVIEWED WITH THE BOARD MEMBERS THEIR RESPONSIBILITIES AS BOARD MEMBERS, WHICH INCLUDED A DISCUSSION OF THE CONFLICT OF INTEREST POLICY THAT WAS ADOPTED. PART OF THAT DISCUSSION POINTED OUT EACH DIRECTOR'S DUTY OF DISCLOSURE AND RECUSAL IN THE EVENT OF A CONFLICT OF INTEREST. |
| FORM 990, PAGE 6, PART VI, LINE 15A | CEO COMPENSATION DETERMINED BY THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 15B | MEMBERS OF THE BOARD OF DIRECTORS ARE UNCOMPENSATED. KEY EMPLOYEE COMPENSATION TO BE DETERMINED BY THE PRESIDENT AND THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS RELATING TO THE FOUNDATION WILL BE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. |
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| Software Version: |