Zonta Foundation for Women
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Zonta Foundation for Women meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to raise and provide financial resources for Zonta International service projects and educational programs."
Year, State Incorporated:
1986, IL
Zonta Foundation for Women (Zonta Foundation) reports that it is the fundraising arm of Zonta International, with funds distributed towards fellowships and scholarships. The organization's education programs allow women to pursue their education, career, and develop leadership capabilities. Zonta Foundation partners with agencies of the United Nations and other recognized non-governmental organizations to improve women's and girls' education, provide better economic opportunities, and work to prevent gender-based violence. In 2023, the organization states that its fundraising efforts supported 108 fellowships, scholarships, and awards to women and girls in 39 countries.
For the year ended May 31, 2023, Zonta Foundation for Women's program expenses were:
Program services: $3,781,500
Total Program Expenses: $3,781,500
Chief Executive
Megan Radavich, Executive Director
Compensation*
$132,219
Chair of the Board
Salla Tuominen
Chair's Profession / Business Affiliation
Lawyer
Board Size
15
Paid Staff Size
2
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Megan Radavich assumed the role of Interim Executive Director in May 2023 and became the Executive Director in October 2023. In 2022, Allison Summers served as the organization's Executive Director, receiving $257,525 in compensation.
Method(s) Used:
Internet, Radio
Fundraising costs were 9% of related contributions. (Related contributions, which totaled $2,379,870, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Zonta Foundation for Women's audited financial statements for the year ended May 31, 2023.
Source of Funds
| Interest income | $592,619 |
| Realized and unrealized investment income, net | $-1,318,495 |
| Endowment contributions | $252,974 |
| Program contributions | $2,126,896 |
| Total Income | $1,653,994 |
Programs: 91% Fundraising: 5% Administrative: 4%
| Total Income | $1,653,994 |
| Total expenses: | $4,150,918 |
| Program expenses | $3,781,500 |
| Fundraising expenses | $213,368 |
| Administrative expenses | $156,050 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-2,496,924 |
| Beginning Net Assets | $19,372,428 |
| Other Changes In Net Assets | $-42,966 |
| Ending Net Assets | $16,832,538 |
| Total Liabilities | $1,629,326 |
| Total Assets | $18,461,863 |
Note: As noted in the above financial section, "other changes in net assets" refers to foreign currency translation.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance