Fwa of New York Inc

What it reported doing in 2024

Educational initiatives/next generation programs- see schedule othe fwa is dedicated to building the next generation of women in leadership in finance by building a pipeline of talented young women interested in and ready for careers in finance. Our programs, increase access to education through college readiness, mentorship, leadership professional acumen and skills development and network building. The fwa also provides significant financial support through scholarships, stipends and study abroad support. Key accomplishments and statistics for the fy25 fiscal year: fwa scholars program- high school of economics and finance: paired 7 mentees with 7 mentors providing personal guidance on college and career readiness.- awarded 10 fwa scholarships to students enrolled at 7 colleges/universities. Fwa mentorship and scholarship at baruch college- paired and supported 43 female students with fwa mentors, scholarships and stipends.- 250 graduate students received advanced skills finance training and 20 graduate students received stipends. Fwa mentorship and scholarship at seton hall university, stillman school of business- supported 30 students with fwa mentors, scholarshipswall street exchange fwa's internship augmentation program for rising juniors interning in finance positions. The program engages participants in the fwa mission and provides workshops in professionalism, leadership, and career management techniques.- 58 students from 46 colleges/universities interning at 32 companies nationwide.member programsthe fwa provides its members with a wide array of professional education and career development programs. Through participating in these activities, professionals advance their leadership skills, industry knowledge and build their professional network. Fwa programs actively help to accelerate the success of all women in the financial sector.in the fy25 fiscal year the fwa presented 64 events with a total registered attendance of 1,928 people. Content was developed through our vibrant member program committees: directorship and corporate governance, emerging leaders, entrepreneurs, fintech, fwa long island, fwa New Jersey, global agenda, international business conference, impact investing, men's alliance, member2member, mentorship, signature eventsthe fwa also works with corporate partners to identify, support and develop high potential employees through our proprietary pacesetters program. In the fy25 program the fwa supported a diverse cohort of 18 women from 10 financial institutions.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 78.7%; rating input score 79
• Fundraising efficiency: $5.2 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 95.8%; rating input score 96; 26th percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -53.1%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 4.5; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 58; 58th percentile among comparable filings
• Officer compensation ratio: 34.4%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: 1.8% per year; rating input score 100; 25th percentile among comparable filings
• Revenue growth: -9.2% per year; rating input score 0; 3rd percentile among comparable filings
• Asset growth: -2.1% per year; rating input score 0; 12th percentile among comparable filings