Women's Foundation of Massachusetts Inc

What it reported doing in 2025

Women's foundation of Massachusetts, inc. Is a nonprofit public charity that creates, funds and accelerates high-impact economic and leadership programs that equip women and girls in greater boston and across the commonwealth to be financially independent and successful leaders. Wfma awards high-impact grants to nonprofits that economically empower women and girls in greater boston and the commonwealth. The grants target new programs or new groups served by the expansion of existing programs and have a transformative effect on the grantee nonprofits and program beneficiaries. Grants typically range from $10,000 to $100,000 annually for one to five years. During the year ended december 31, 2025, wfma awarded grants totaling $3.6m million to 20 organizations whose mission align with wfma's focus areas. The three focus areas are: career and economic empowerment: women's economic empowerment is crucial to community economic life, with financial independence for women as an essential first step. The women's foundation of Massachusetts, inc. Funds programs in financial literacy, salary negotiation, job training and more. Education: the women's foundation of Massachusetts, inc. Funds education and enrichment initiatives that inspire and equip women and girls to expand their educational and professional opportunities, particularly in higher-paying fields like stem where they are underrepresented.leadership and mentoring: leadership development starts early and grows throughout life. Wfma creates and funds programs that build confidence and character, encourage exploration, forge mentorships and networks, and expand opportunities at all ages.

Financial Efficiency

• Mission deployment rate: 45.8%; rating input score 46
• Program expense ratio: 86.1%; rating input score 86
• Fundraising efficiency: $21.21 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 7 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • 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: 54.5%; rating input score 92; 92nd percentile among comparable filings
• Total-asset coverage ratio: 6.12; rating input score 84; 84th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 74; 74th percentile among comparable filings
• Officer compensation ratio: 4.8%; rating input score 58; 58th percentile among comparable filings

Growth

• Program expense growth: 31.3% per year; rating input score 100; 92nd percentile among comparable filings
• Revenue growth: 21.2% per year; rating input score 100; 88th percentile among comparable filings
• Asset growth: 28.5% per year; rating input score 100; 92nd percentile among comparable filings