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International : Development and Relief Services (Grantmaking)

Friends of Women's World Banking (FWWB)

Advancing and promoting the economic empowerment of women.

three stars

87.58

122 East 42nd Street 42nd Floor
New York, NY 10168
tel: (212) 768-8513   Web Site
EIN: 13-3101527

Board Leadership
Connie Collingsworth & Muna Sukhtian
Chair

CEO
Mary Ellen Iskenderian
President and CEO

  Score
(out of 100)
Rating
Overall Score & Rating 87.58 three stars
  Financial 82.44 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 04/01/2017 and includes data from FY2015, the most recent 990 received at that time.

Friends of Women's World Banking (FWWB) raises donations from U.S. foundations, corporations and individuals in support of Women's World Banking global mission. Women's World Banking is the global non-profit devoted to giving more low-income women access to the financial tools and resources essential to their security and prosperity. For more than 35 years we have worked with financial institutions to show them the benefit of investing in women as clients, and as leaders. We equip these institutions to meet women's needs through authoritative market research, leadership training, sustainable financial products and consumer education. Headquartered in New York, Women's World Banking works with 34 institutions in 32 countries with a reach of 14 million women to create access to finance on a greater scale than ever before.

Friends of Women's World Banking (FWWB) raises donations from U.S. foundations, corporations and individuals in support of Women's World Banking global mission. Women's World Banking is the global non-profit devoted to giving more low-income women access to the financial tools and resources essential to their security and prosperity. For more than 35 years we have worked with financial institutions to show them the benefit of investing in women as clients, and as leaders. We equip these institutions to meet women's needs through authoritative market research, leadership training, sustainable financial products and consumer education. Headquartered in New York, Women's World Banking works with 34 institutions in 32 countries with a reach of 14 million women to create access to finance on a greater scale than ever before.

Results Information

Program Name: Caregiver with Microfund for Women
Problem

Research shows that healthcare costs exert the most financial pressure on poor families. The poor are less likely to seek treatment early in an illness for fear of losing income by taking time away from their families or work. As primary caregivers for their families, many Jordanian women have a unique and pressing need for appropriate means to manage health-related risk. Meeting the costs of an unexpected health emergency is the most common reason women give for having to liquidate businesses.

Strategy

To gain a deep understanding of Jordanian women’s health insurance needs, Women’s World Banking and partner Microfund for Women began with extensive research, including focus groups. Findings informed the product design: an affordable, meaningful hospital cash benefit, which includes maternity coverage—a high priority for Jordanian women. Finally, a communications plan was adapted to the women's level of literacy in order to increase understanding and appropriate utilization of the product.

IF:THEN

IF low-income women in Jordan are offered a no-exclusions, low-cost hospital cash microinsurance benefit, which is automatically linked to their loan product, which covers all hospital stays, including those related to pregnancy, a feature critical to improving maternal health outcomes…...

THEN Jordanian women, who are more likely to prioritize the care of their family above their own, will be more likely to access health care and receive a cash benefit to use for a range of related needs, including transportation to the hospital or replacement of lost revenue while their businesses were closed.
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This results data is current as of November 2017, when it was provided to us by Classy. Results information published on this organization's rating page has no effect on its rating at this time. data iconLearn More

Financial

three stars

82.44

Accountability & Transparency

four stars

100.00

This rating was published 04/01/2017 and includes data from FY2015, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
84.8%
  Administrative Expenses 0.7%
  Fundraising Expenses 14.4%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 0.62
  Program Expenses Growth -3.6%
  Liabilities to Assets 2.2%
All data for Financial Performance Metrics calculations was provided by Friends of Women's World Banking (FWWB) on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Friends of Women's World Banking (FWWB) on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Friends of Women's World Banking (FWWB) (NY) 87.58 three stars
Acumen (NY) 96.49 four stars
Water.org (MO) 96.85 four stars
Foods Resource Bank (IL) 92.06 four stars
Water Mission (SC) 92.68 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,644,247
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $1,644,247
   Program Service Revenue $0
Total Primary Revenue $1,644,247
   Other Revenue $897
TOTAL REVENUE $1,645,144
   
EXPENSES  
   Program Expenses $1,634,363
   Administrative Expenses $15,613
   Fundraising Expenses $440,991
TOTAL FUNCTIONAL EXPENSES $2,090,967
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-445,823
   
Net Assets $1,884,349

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Support of WWB $1,634,363 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-12 04/01/2017 87.58 three stars
2014-12 06/01/2016 92.92 four stars
 
CN 2.0
2014-12 12/22/2015 94.79 four stars
2013-12 02/01/2015 91.86 four stars
2012-12 04/01/2014 86.18 three stars
2012-12 12/20/2013 87.95 three stars
2011-12 03/01/2013 86.77 three stars
2010-12 03/01/2012 79.83 two stars
2009-12 09/20/2011 87.93 three stars
 
CN 1.0
2009-12 03/01/2011 90.25 four stars
2008-12 12/15/2009 89.41 three stars
2007-12 10/01/2009 79.83 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-3101527
Name in IRS Master File FRIENDS OF WWB USA INC
NTEE Code Z99
NTEE Classification Unknown
NTEE Type Unknown
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (229) Other business or professional group
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1981
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
  • December, 2011

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title Compensation from Affiliates
$46,602 2.22% Mary Ellen Iskenderian President and CEO $326,209
Other Salaries of Note
$87,102 4.16% Vivian Santora Chief Development Officer $87,102

Highly Rated

Charity Name & State Overall Score Overall Rating
Friends of Women's World Banking (FWWB) (NY) 87.58 three stars
Friendship Bridge (CO) 90.71 four stars
Root Capital (MA) 93.98 four stars
BrazilFoundation (NY) 87.62 three stars
ECHO (FL) 91.32 four stars

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Charity Contact Info

Friends of Women's World Banking (FWWB)
122 East 42nd Street
42nd Floor
New York, NY 10168
tel: (212) 768-8513
fax: (212) 768-8519
EIN: 13-3101527

Visit Web Site

Board Leadership

Connie Collingsworth & Muna Sukhtian
Chair

CEO

Mary Ellen Iskenderian
President and CEO

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