The current GFWC Strategic Plan was approved by the Board of Directors at the November 2013 Board of Directors meeting and became effective at the close of the 2014 GFWC Annual Convention in Chandler, Arizona.
Read the GFWC Annual Reportto learn how GFWC members are making a difference in their communities. The Annual Report includes a breakdown of the dollars donated, hours volunteered, and projects completed by GFWC members in 2013-14.
Audited Financial Statements and IRS Form 990
GFWC’s audited financial statements are published here for its members. GFWC’s Board of Directors and management professionals act as stewards of the organization, but it belongs to its members, past, present, and future. We publish the audited statements as a commitment to transparency and accountability in governance.
The statements are prepared by Rogers and Company, PLLC, an independent audit agency. We conduct periodic reviews to assure continuing objectivity on the part of the auditors, who report to the Executive Committee of the General Federation of Women’s Clubs.
To assist you in viewing GFWC’s financial report in appropriate context, please consider the following:
Our program and activities follow a two-year administration cycle, but GFWC operates on a July 1-June 30 fiscal year.
GFWC’s Annual Convention occurs in the last month of each fiscal year, so we frequently collect income in one fiscal year, but pay expenditures for the previous year’s event in the another fiscal year. For example, income related to the 2012 GFWC Annual Convention was collected in FY2012, but certain expenditures related to the event are paid in FY2013, and will be so reflected in FY2013 financial statements.
The bottom line is that GFWC is in solid financial condition. At this time, a large portion of our income is generated by membership dues. We continue to increase our non-dues based revenue sources to maintain and increase our income, and continually evaluate cost-savings opportunities.
In compliance with Internal Revenue Service reporting requirements, the General Federation of Women’s Clubs has published Form 990, Return of Organization Exempt from Income Tax, under section 501(c) of the Internal Revenue Code.