2023-10-27T14:46:15-05:00 2022-12-31 430765316 RUBINBROWN LLP 1900 16TH STREET SUITE 1700 DENVER CO 80202 990 2022-01-01 474333365 THE WOMEN'S BAKERY INC WOME 9182891274 1031 33RD ST 243 DENVER CO 80205 JANE MARKEY CULVER FOUNDER/CEO 9182891274 2023-09-26 1 JANE MARKEY CULVER 999009999 0 KIMBERLY A RYAN P00829977 3036981883 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JANE MARKEY CULVER 1031 33RD ST 243 DENVER CO 80205 1119861 0 X WWW.WOMENSBAKERY.COM X 2015 CO THE WOMEN'S BAKERY IS A SOCIAL ENTERPRISE THAT EMPOWERS WOMEN AND SELLS NUTRITIOUS, AFFORDABLE BREADS TO EAST AFRICAN COMMUNITIES. 6 6 9 9 0 0 1065905 1119364 0 0 46 497 0 0 1065951 1119861 557266 814463 0 0 298256 343954 0 0 55676 121311 199990 976833 1358407 89118 -238546 838378 584199 19097 3464 819281 580735 X THE WOMEN'S BAKERY IS A SOCIAL ENTERPRISE THAT EMPOWERS WOMEN AND SELLS NUTRITIOUS, AFFORDABLE BREADS TO EAST AFRICAN COMMUNITIES. 0 0 1154138 814463 THE WOMEN'S BAKERY (TWB) IS MORE THAN A CONCEPT - TWB IS A VIABLE COMMITMENT TO A VISION FOR WHAT THE WORLD CAN BE: A WORLD THAT ELEVATES WOMEN FOR THEIR INHERENT POWER, AND PROMOTES BUSINESS AS A TOOL FOR LASTING, POSITIVE SOCIAL IMPACT. TWB HAS MADE IT THROUGH SERIOUSLY CHALLENGING TIMES. WHEN BUSINESSES GLOBALLY SHUTTERED BECAUSE THE EXTERNAL VOLATILITIES WERE TOO MUCH, TWB STOOD STRONG OUR PROVERBIAL ARMS OUTSTRETCHED LIKE A PROTECTIVE PARENT, SAFEGUARDING OUR TEAM, CUSTOMERS, AND COMMUNITIES. TWB HAS NOT JUST WEATHERED STORMS, BUT PERSEVERED AMIDST TIDAL WAVES OF DISRUPTIONS AND SETBACKS. TWB REMAINED STRONG BECAUSE OF OUR TEAM EMPLOYEES AND GENEROUS SUPPORTERS, LIKE YOU. THANK YOU. TWB CONTINUES TO GROW. IN THE PAST YEAR, ONE OF THE WORST FOR MOST BUSINESSES, OUR BREAD SALES DOUBLED. OUR ONE BREAD PROJECT, A DONOR-SUPPORTED SCHOOL FEEDING PROGRAM, GREW A WHOPPING 170%, INCREASING TO 11,166 STUDENTS SERVED DAILY FROM 4,150. NOW, IN MAY OF 2023, THIS PROGRAM SERVES 15,600 STUDENTS A DAY, AT A TIME WHEN RWANDAN FAMILIES NEED US MOST. TWB EMPLOYED 48 WOMEN DIRECTLY, 46 OF WHOM ARE EAST AFRICAN, ACROSS THREE BAKERIES IN RWANDA. ALL TWB TEAM MEMBERS HAVE ACCESS TO MENTAL HEALTH COUNSELING, FINANCIAL LITERACY LESSONS, REPRODUCTIVE HEALTH TRAINING, NUTRITION LESSONS, AND MORE. ALL TEAM MEMBERS HAVE COMPANY HEALTH INSURANCE, BENEFITING 139 DEPENDENTS. 90% OF WOMEN BAKERS REPORTED FEELING CONFIDENT IN THEIR BASIC UNDERSTANDING OF FINANCES, SPECIFICALLY SAVING AND BUDGETING. AS WE CELEBRATE OUR GROWTH, WE LOOK AHEAD TO MORE EXCITING GROWTH HAPPENING IN 2023 AND BEYOND. 1154138 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 9 1 0 1 RW 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X RUBINBROWN 3036981863 1900 16TH ST 1700 DENVER CO 80202 SHERRY MANNING VICE CHAIR 1.00 X X 0 0 0 LESLIE PESANTE TREASURER 1.00 X X 0 0 0 MARLA ROSNER SECRETARY 1.00 X X 0 0 0 MYMOON MOHAMMED BOARD CHAIR 1.00 X X 0 0 0 BURKE FISHBURN BOARD DIRECTOR 1.00 X 0 0 0 KAHWA DOUOGUIH BOARD DIRECTOR 1.00 X 0 0 0 JANE MARKEY CULVER CEO 40.00 X 120000 0 2300 120000 0 2300 1 0 0 0 0 1119364 1119364 497 497 1119861 0 0 497 814463 814463 122300 30575 61150 30575 173811 173811 23622 23622 24221 24221 60627 38040 22587 77962 59834 18128 6973 6973 7757 7757 3731 3731 4076 4076 28708 28708 546 546 1835 1835 1802 1802 BANK FEES 3732 3732 PROFESSIONAL DEVELOPMEN 1160 1160 GIFTS 915 915 LICENSES AND REGISTRATI 130 130 36 36 1358407 1154138 148593 55676 755439 571126 2 2 68031 0 15712 12912 4635 2800 10271 10271 838378 584199 19097 3464 19097 3464 X 819281 580735 819281 580735 838378 584199 -238546 0 X 0 0 0 X 545191 827219 961737 1065905 1119364 4519416 545191 827219 961737 1065905 1119364 4519416 2138895 2380521 727 280 90 46 497 1640 4521056 3162 0.52650 0.60430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15712 12912 2800 2800 1 0 0 0 0 0 0 0 0 0 SUB-SAHARAN AFRICA - RWANDA PROGRAM SERVICES, BAKERY OPERATIONS 814463 0 0 0 0 0 0 0 PART I, LINE 2: THE WOMEN'S BAKERY KEEPS SEPARATE ACCOUNTING RECORDS FOR ALL GRANTS MADE TO RWANDA. THESE GRANTS COVER RWANDA OPERATIONS. PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL RECEIVE THE 990 FOR REVIEW BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF, CONTRACTORS AND BOARD MEMBERS SIGN THE CONFLICT OF INTEREST AGREEMENT. IF ANY PERSON IS FOUND NOT IN COMPLIANCE WITH THE AGREEMENT, BASED ON THE SEVERITY OF THE CONFLICT, LEGAL COUNSEL IS SOUGHT AND IMMEDIATE SEPARATION ENACTED. FORM 990, PART VI, SECTION B, LINE 15A A FORMAL ANNUAL REVIEW OF THE CEO IS CONDUCTED BY THE BOARD OF DIRECTORS IN SEPTEMBER / OCTOBER. USING PERFORMANCE-BASED EVALUATION QUESTIONS (ACHIEVEMENT OF STRATEGIC GOALS, LEADERSHIP, FUNDRAISING, ETC.) THE CEO IS GIVEN 2 WEEKS TO SELF-EVALUATE. SIMULTANEOUSLY BUT SEPARATELY, THE BOARD OF DIRECTORS IS GIVEN 2 WEEKS TO EVALUATE THE CEO USING THE SAME QUESTIONS. THE CEO IS THEN INVITED BY THE GOVERNANCE COMMITTEE TO REVIEW THE EVALUATIONS, REVIEWING SUCCESSES AND GROWTH AREAS. THE BOARD THEN DETERMINES THE ANNUAL SALARY FOR THE CEO BASED ON THIS EVALUATION AND MARKET DATA FOR SIMILARLY STRUCTURED ORGANIZATIONS. IN 2022, DUE TO THE CONTINUED SUCCESS AND GROWTH OF THE ORGANIZATION, THE BOARD DISCUSSED AND APPROVED A SIGNIFICANT INCREASE OF 100% IN THE SALARY OF THE CEO. THIS WAS DONE TO ALIGN THE CEO'S SALARY TO OTHER SIMILARLY SIZED (AND COMPLEX) ORGANIZATIONS. THE CEO DID NOT REQUEST THIS INCREASE AND WAS NOT INVOLVED IN ANY DISCUSSIONS RELATED TO SALARY. FORM 990, PART VI, SECTION C, LINE 19 FORM 990S ARE SHARED ON THE WOMEN'S BAKERY WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE SHARED UPON REQUEST, AS APPROPRIATE. THE WOMEN'S BAKERY LTD KG 176 13 REMERA KIGALI RW PROGRAM SERVICES - BAKERY AND SOCIAL SUPPORT RW C -521889 254104 1.00000 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE WOMEN'S BAKERY LTD B 814463 CASH