| Entity | Document Type | Tax ID |
|---|---|---|
| Girls Incorporated | Audited Financial Statements | 13-1915124 |
| Girls Incorporated | IRS Form 990 | 13-1915124 |
|
Entity: Girls Incorporated Document Type: Audited Financial Statements Tax ID: 13-1915124 |
|
Entity: Girls Incorporated Document Type: IRS Form 990 Tax ID: 13-1915124 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Stephanie Hull | President/CEO | $368,415 |
| 2 | Patricia Driscoll | COO | $225,844 |
| 3 | Lara Kaufmann | Director of Public Policy | $185,183 |
|
1 Name: Stephanie Hull Title: President/CEO Compensation: $368,415 |
|
2 Name: Patricia Driscoll Title: COO Compensation: $225,844 |
|
3 Name: Lara Kaufmann Title: Director of Public Policy Compensation: $185,183 |
According to the Girls Incorporated audit of March 31, 2021 (Note 1 re: In-kind Contributions), Girls Inc. received in-kind contributed services in fiscal 2021 on which it placed a total value of $75,481, including $28,114 in donated advertising services and $47,367 in donated legal, consulting and IT services. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Girls Incorporated audit of March 31, 2021 (Note 13, Related Party Transactions): "Girls Inc. has affiliates that serve as local chapters of Girls Inc. Girls Inc. has no ownership or voting interests in these local chapters. However, affiliation agreements between the local chapters and Girls Inc. give Girls Inc. control over how the chapters carry out certain activities and require the payment of affiliate dues to Girls Inc. Girls Inc. recognized dues revenue from affiliates of $618,873 and $605,124 for the years ended March 31, 2021 and 2020, respectively... Girls Inc. provided funding to affiliates of $4,983,044 and $4,537,926 for the years ended March 31, 2021 and 2020, respectively..."
|
According to the Girls Incorporated audit of March 31, 2021 (Note 9, Debt and Credit Arrangements): "On April 14, 2020, Girls Inc. received loan proceeds of $839,490 under the Paycheck Protection Program (PPP) established as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). PPP loans, including accrued interest, are forgivable as long as Girls Inc. used the proceeds for eligible purposes, including payroll, benefits, rent and utilities. Under the PPP, the amount of forgiveness is reduced if the entity terminates employees or reduces salaries during the covered period. Girls Inc. believes it used the proceeds for purposes consistent with the PPP and has received forgiveness from the bank. Girls Inc. recognized a gain on loan forgiveness upon legal release of the obligation by the bank on January 19, 2021." |
According to the Girls Incorporated audit of March 31, 2021 (Note 14, Uncertainty Related to Coronavirus): "On January 30, 2020, the World Health Organization declared a global health emergency over the novel coronavirus known as COVID-19. The extent of the impact of COVID-19 on Girls Inc.'s operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and the impact on its networks of affiliates, employees and ability to provide programming, all of which are uncertain and cannot be predicted. The outbreak has adversely affected global market activity and caused increased volatility and uncertainty in financial markets. Because of the value of Girls Inc.'s individual investments and funds held by trustees have and will fluctuate in response to changing market conditions, the amount of losses that will be recognized in subsequent periods, if any, cannot be determined. The ultimate impact of the outbreak to Girls Inc.'s financial results and operations cannot be determined at this time; however, management is taking actions to mitigate the impact of the outbreak to Girls Inc." |
