5050 Women on Boards Inc
Nonprofit profile at a glance
- EIN
- 273272688
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Los Angeles, CA, USA
- Phone
- 3234162020
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Women's Rights
Reported finances
- Revenue
- $1,954,932
- Expenses
- $1,822,316
- Assets
- $2,125,897
- Liabilities
- $85,621
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Heather Spilsbury (CEO)
- Betsy Berkhemer-Credaire (President)
Highest reported compensation
- Heather Spilsbury (CEO): $254,649 total reported compensation
- SHANE CULLEN (DIRECTOR OF DEVELOPMENT): $162,917 total reported compensation
- Betsy Berkhemer-Credaire (President): $162,740 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
50/50 women on boards is committed to accelerating gender balance and diversity on boards of russell 3000 index companies, with women holding 50% of the board seats and women of color holding at least 20% of the board seats.
What it reported doing in 2024
Education and Research. Since 2010, the Organization has analyzed and reported on public company board diversification. The Organization's quarterly and annual reports identify factors that promote or impede gender balance and diversity, while the Gender Diversity Directory Index tracks the gender makeup of public company boards. The Organization also hosts The Networking Hub, a subscription-based platform for ongoing board journey support.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 70
- Accountability: 80
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.1%; rating input score 76
- Program expense ratio: 83.3%; rating input score 83
- Fundraising efficiency: $15.07 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 73.3%; rating input score 73; 15th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.8%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 1.17; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 48.9%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 20.3% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 17.7% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 22.9% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 76.1% of revenue deployed · 83.3% of spending went to programs
- Governance: 11 of 15 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.5M in reported program spending
- Leadership: top reported pay $255K · 18 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed
- Consistency: 28 of 28 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 51/100.
- Review — Sustainability: Operating margin scored 54/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.