The Michigan Womens Foundation
The Michigan Womens Foundation
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About this organization
Mission
A Michigan non-profit whose mission is to eliminate barriers to economic and social equality for women and girls. MWF accomplishes this by: investing in women entrepreneurs; collaborative partnerships focused on helping to advance the next generation of young women leaders; and developing a social change advocacy campaign for solutions that transform Michigan to achieve equality and empowerment for women and girls. MWF is a certified SBA lender. In the fall of 2018, MWF filed a prospectus with the state of Michigan to issue community impact notes for up to $10m. The CINs are unsecured debt and the proceeds are to be used in one of three ways: to make microloans in investor-directed targeted areas; to fund a loan loss reserve for lending; and to develop a building fund for the organization.
About
Entrepreneurship - includes pitch competitions, lending, pre- and post- lending training, coaching and facilitation. The non-lending activities of entrepreneurship are designed to introduce the basics of starting and building a business. Lending is a financing program available to women entrepreneurs and small business owners for up to $50,000.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “Michigan women's foundation's dba michigan women forward's mission is to accelerate michigan's progress by advancing equality and opportunity for women and girls.”.
When talking about its functions, they were outlined as: “A michigan non-profit whose mission is to eliminate barriers to economic and social equality for women and girls. mwf accomplishes this by: investing in women entrepreneurs; collaborative partnerships focused on helping to advance the next generation of young women leaders; and developing a social change advocacy campaign for solutions that transform michigan to achieve equality and empowerment for women and girls. mwf is a certified sba lender. in the fall of 2018, mwf filed a prospectus with the state of michigan to issue community impact notes for up to $10m. the cins are unsecured debt and the proceeds are to be used in one of three ways: to make microloans in investor-directed targeted areas; to fund a loan loss reserve for lending; and to develop a building fund for the organization.”.
- The legally reported state of operation for the non-profit is MI.
- According to the filing, the non-profit's address in 2020 is 1155 BREWERY PARK BLVD NO 350, DETROIT, MI, 48207.
- The non-profit organization as of 2020 has a total of 24 employees reported on their form.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $437,657.
- The organization has 19 independent voting members.
- The organization was formed in 1986.
- The organization pays $1,209,380 in salary, compensation, and benefits to its employees.
- The organization pays $334,678 in fundraising expenses.