Nonprofit · EIN 13-3929472
W I T FOUNDATION INC
Tax-exempt · NEW YORK, NY 10018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $880,460 | $1,140,089 | -$259,629 | $470,585 | $186,689 | $283,896 |
| December 31, 2023 | 990 | $828,764 | $985,211 | -$156,447 | $700,053 | $156,528 | $543,525 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $873,961
- Membership dues
- $113,907
- Program service revenue
- $77,759
- Investment income
- $6,685
- Net income from fundraising events
- -$77,945
- Other revenue
- -$77,945
Expenses
- Grants and similar amounts paid
- $30,240
- Compensation of officers, directors and key employees
- $117,998
- Other salaries and wages
- $180,417
- Salaries, compensation and benefits (total)
- $367,406
- Professional fundraising fees
- $0
- Legal fees
- $100,000
- Accounting fees
- $37,988
- Travel
- $69,230
- Program services (functional)
- $872,255
- Management and general (functional)
- $202,911
- Fundraising (functional)
- $64,923
Balance sheet and other
- Total assets, start of year
- $700,053
- Total assets, end of year
- $470,585
- Total liabilities, end of year
- $186,689
- Net assets, end of year
- $283,896
- Net assets without donor restrictions
- $283,896
- Gross receipts
- $1,147,290
- Employees
- 6
- Volunteers
- 100
- Year formed
- 1996
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mary Kay Russell | Executive Director (former) Trustee or director, Officer, Key employee | 40 | $107,589 |
| Angelina Castro | Executive Director Trustee or director, Officer, Key employee | 1 | $23,580 |
| Christina Liquori | Treasurer Trustee or director, Officer | 1 | $0 |
| Nancy Molenda | Director Trustee or director | 1 | $0 |
| Anne Carrihill | Director Trustee or director | 1 | $0 |
| Deirdre Cross | Director Trustee or director | 1 | $0 |
| Ehi Oviasu-Kahn | Chairperson Trustee or director, Officer | 1 | $0 |
| Julie Gwaltney | Director Trustee or director | 1 | $0 |
| Kristi Wasmer | Director Trustee or director | 1 | $0 |
| Kristin Lecour | Director Trustee or director | 1 | $0 |
| Leila Nosrati | Director Trustee or director | 1 | $0 |
| Lisa Gilbert | Director Trustee or director | 1 | $0 |
| Michelle Weber | Director Trustee or director | 1 | $0 |
| NatashaTous | Director Trustee or director | 1 | $0 |
| Stephanie Bailey | Director Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tara Deakin | Director Trustee or director | 1 | $0 |
| Gena Lavallee | Director Trustee or director | 1 | $0 |
| Julien Sharp | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mary Kay Russell | Executive Director Officer | 40 | $106,402 |
| Janice Ross | President Trustee or director, Officer | 20 | $0 |
| Christina Liquori | Treasurer Trustee or director, Officer | 5 | $0 |
| Amy Thompson | Director Trustee or director | 1 | $0 |
| Angelina Castro | Director Trustee or director | 1 | $0 |
| Anne Carrihill | Director Trustee or director | 1 | $0 |
| Christina Sklavenitis | Director Trustee or director | 1 | $0 |
| Deirdre Cross | Director Trustee or director | 1 | $0 |
| Delanie West | Director Trustee or director | 1 | $0 |
| Ehi Oviasu-Kahn | Director Trustee or director | 1 | $0 |
| Jennifer Caveza | Director Trustee or director | 1 | $0 |
| Julie Gwaltney | Director Trustee or director | 1 | $0 |
| Karen Kilpatrick | Director Trustee or director | 1 | $0 |
| Kiara Imani | Director Trustee or director | 1 | $0 |
| Kristi Wasmer | Director Trustee or director | 1 | $0 |
| Kristin Lecour | Director Trustee or director | 1 | $0 |
| Leila Nosrati | Director Trustee or director | 1 | $0 |
| Lisa Gilbert | Director Trustee or director | 1 | $0 |
| Lisa Whitaker | Director Trustee or director | 1 | $0 |
| Menal McGrath | Director Trustee or director | 1 | $0 |
| Michelle Weber | Director Trustee or director | 1 | $0 |
| NatashaTous | Director Trustee or director | 1 | $0 |
| Shawn Smith | Director Trustee or director | 1 | $0 |
| Stefanie Barone | Director Trustee or director | 1 | $0 |
| Stephanie Bailey | Director Trustee or director | 1 | $0 |
| Tara Deakin | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1375 BROADWAY RM 1001, NEW YORK, NY 10018-7051
- In care of
- % TOY INDUSTRY ASSOCIATION
- Mailing address (990-N for 2017)
- 1375 Broadway Suite 1001, New York NY 10018
- Principal officer (990 for 2024)
- Robert Heins, 1375 Broadway, Suite 1001, New York, NY 10018
- Principal officer (990-N for 2017)
- Mary Kay Russell, 1375 Broadway Suite 1001, New York NY 10018
- Signed the 990
- Robert Heins, Senior VP, Finance & Administration
- Phone
- (646) 520-4848
- Website
- www.womenintoys.com
Mission
The WIT Foundation Inc. is a collaborative community championing professional growth for women through leadership, networking and educational opportunities.
Program accomplishments
- The WIT Foundation Inc. is a collaborative community championing professional growth for women through leadership, networking and educational opportunities.Expenses $872,255 · revenue $880,460
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3929472
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70)
- Assets (IRS master file)
- $444,514
- Income (IRS master file)
- $1,222,094
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $880,460 | $1,140,089 | $470,585 | XML |
| 990 | December 2023 | $828,764 | $985,211 | $700,053 | XML |
| 990 | December 2022 | $1,048,048 | $817,290 | $784,375 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Mary Kay Russell | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3929472).
Questions about W I T FOUNDATION INC
- What is the EIN of W I T FOUNDATION INC?
- The employer identification number (EIN) of W I T FOUNDATION INC is 13-3929472.
- Is W I T FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to W I T FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does W I T FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of W I T FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did W I T FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of W I T FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Robert Heins.
- Who are the officers and directors of W I T FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 2 received compensation from the organization, the highest $107,589 (Mary Kay Russell, Executive Director (former)).
- How much revenue does W I T FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $880,460, expenses of $1,140,089 and total assets of $470,585 at year end.
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