Women's Fund of Miami-dade Inc

What it reported doing in 2024

Data & research: -launched the miami-dade self-sufficiency standard, a dynamic tool that reveals the economic realities families face by calculating the income needed to cover their basic needs without any public or private assistance. Housing and childcare costs are the most significant expenses for families in miami-dade. -released the 2024 update of the gender equity index (gei / 2022 scores), including updated scores and one-pagers. The gei includes a score, one- pager, and policy paper for each wfmd pillar. -collected and displayed data from 10 partner sources. -the miami-dade gender equity dashboard included over 100 metrics on women and girls data. -began work on a gun violence report, an in-depth analysis and gendered focus on gun violence in miami-dade, supported by the supporting safer communities grant, led by the carrie meek foundation and miami-dade county. Convenings: -impact collaboratives - impact collaboratives: 11 - of attendees: 1,040 67% of which are recurring attendees -49% ceo's, executive directors, vp's, directors and elected officials - of panelists: 40 -45% of attendees that have found a partnership or have you followed up with another organization as a result of a women's fund impact collaborative event -33% of increase in awareness: -83% of respondents whose awareness increased after the impact collaborative event -55% of attendees that use the info from ic to help their community -advocacy training 105: in collaboration with the fiu maurice a. Ferre institute for civic leadership at fiu mana - of attendees virtual: 75 - of attendees in-person: 33 -108 attendees from 38 different organizations -partnered with fiu maurice a. Ferr institute for civic leadership and the junior league of miami town hall: -280 attendees from 88 different organizations -partnered with 43 organizations grantmaking: -working arm in arm with grantee partners is a dynamic partnership, empowering grassroots organizations to revolutionize business models and enhance access to quality early childhood education. This initiative is pivotal in dismantling barriers to women's economic mobility. As a super- connector, we have fostered synergies and cross-pollination of best practices, hosting four impactful show & tell sessions to share results, best practices, and actionable insights. -grantee partners have received exposure across the community, attending events, featured in 10 editions of impact news newsletters, social media, website features, recorded compelling herstory videos for youtube, and networked at chambers of commerce events. -we proudly support empowering early learning educators (eele), enhancing their website, bolstering advocacy efforts, and participating in bi-monthly forums with esteemed speakers like senator alexis calatayud, and leaders from the children's trust, the early learning coalition, and the children's movement who are excited to meet with center owner/operators to hear about their lived experiences. -in partnership with the eele and the business & leadership institute (bli), we have secured a grant from pnc foundation to further our collaborative work. -our involvement with our grantee partners includes participation in the development of university of miami and c3's jump start go apps for educators and parents participated in bli's strengthening the high school curriculum to nurture the pipeline of early learning educators' entrepreneurial skills. Advocacy & public awareness campaigns: -created public awareness campaigns with a total of over 11,8 million impressions, including: -pay equity with kaufman rossin 1,4 million impressions metrorail, 12 bus shelters & 5 billboards -mental health with nami 8,4 million impressions 12 bus shelters & 4 billboards -prevent gun violence with the carrie meek foundation 2 million impressions billboards -digital safety with kristi house and 2 million children on ballyhoo media impact agents: -158 active impact agents -25 of calls-to-action events: -power of the purs

Financial Efficiency

• Mission deployment rate: 44.3%; rating input score 44
• Program expense ratio: 76.3%; rating input score 76
• Fundraising efficiency: $15.67 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• 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: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • 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: 43.8%; rating input score 90; 90th percentile among comparable filings
• Total-asset coverage ratio: 2.47; rating input score 70; 70th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 58; 58th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: 9.7% per year; rating input score 100; 62nd percentile among comparable filings
• Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
• Asset growth: 2.9% per year; rating input score 100; 29th percentile among comparable filings