MONUMENTAL WOMEN
Monumental Women - Moving History Forward!
MONUMENTAL WOMEN
EIN: 47-2024154
as of November 2023
as of November 13, 2023
Mission
Planning, education and outreach; to commission & endow the Women's Rights Pioneers Monument of Elizabeth Cady Stanton, Susan B Anthony and Sojourner Truth in NYC's Central Park and to help promote the important contributions of women in general with continuing educational and artistic programs for the benefit of society at large.
Ruling year
2015
President
Pam Elam
Main address
PO Box 150074 Van Brunt Station
Brooklyn, NY 11215 USA
EIN
47-2024154
Arts and culture
Education
Historical activities
Population served
Adults
Women and girls
NTEE code
Historical Societies and Related Activities (A80)
Arts, Cultural Organizations - Multipurpose (A20)
Alliance/Advocacy Organizations (B01)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
Reports and documents
Download other documentsWhat we aim to solve
The Statue Fund, more commonly known as Monumental Women, is dedicated to: Pay tribute to women's rights pioneers. We started with a statue to honor Elizabeth Cady Stanton, Sojourner Truth & Susan B Anthony gifted to the City of New York in 2020, and plan to honor the many others who helped advance the many causes of woman's rights. On August 26, 2020 we dedicated the Women's Rights Pioneers Monument honoring some of the women whose Votes for Women Campaign (1848 - 1920) led the suffrage movement, on the mall in New York City’s Central Park - 42 million people visit each year. (Phase I - complete) We are developing an ongoing educational campaign about this movement, among others, led by important women in our nation's history. These programs include the "Put Her on a Pedestal" art and history project and the Women's Rights History Trail; the virtual version of this trail centered on those NYC-based pioneers is already online via our website. (Phase II - infancy)
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Women's Rights History Trail programs
To learn about and honor the diverse contributions of New York City women toward the advancement of women’s rights. We have developed a five-borough map of the important sites of the women and events related to these pioneers.
One can find and visit — either virtually or in-person — locations where women’s history was made! This initial map will be expanded to include more women in all the boroughs. Historians, librarians, educators and the public will help develop and enlarge the future scope of the Trail.
We plan to use this as a blueprint for similar history trails in other areas of the nation to expand our knowledge of the contributions of women to our collective history.
Statue Educational Fund
Educational Program to benefit secondary schools and college programs on the historical contributions of women to society.
Where we work
External reviews
Photos
Our results
How does this organization measure their results? It's a hard question but an important one.
Evaluation documents
Download evaluation reportsAverage number of dollars received per donor
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Average for small, individual donors (below $1K)
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
The Statue, our first project (Phase I - completed) - the installation of the Women's Rights Pioneers Monument was dedicated and gifted to the people of New York, on site in Central Park where we celebrated the public unveiling August 26, 2020 [100th anniversary of the 19th Amendment].
With that 'first' success behind us, we are creating an ongoing educational campaign about this and other movements led by important women in our nation's history. (Phase II - infancy). Writing all women back into the historical record through an inclusive education campaign in partnerships with museums and libraries.
One of the first programs we started was an art & history project titled "Put Her On a Pedestal" for young students through the New York City Schools.
One small part of our education program included short-format documentaries to be accessible when viewing the statue via the Talking Statues App for iPhone & Android devices. This allows those looking at the statue to scan QR code to listen to transcriptions and translations of the sculptor’s video, and brief histories of the featured suffragists and our organization as narrated by Jane Alexander, Viola Davis, America Ferrara, Rita Moreno, Zoe Saldana and Meryl Streep. We will continue to promote this technology with other statues, monuments and historical sites.
Using the lessons learned in our first seven years as we worked on the Central Park Statue, we have developed a program challenging U.S. municipalities to recognize and honor the contributions of all women and people of color with tributes in their public spaces. Toward that end, we have already written and released Monumental Women's "Toolkit for Change" dedicated to communities seeking to re-imagine their public spaces
by creating tributes to the diverse women who made this nation great. (Phase III - introduction)
What are the organization's key strategies for making this happen?
Continue to reach out to various individual and foundation funders as well as continue to develop commercial joint ventures with various American companies whose product(s) and/or corporate histories are positively linked to women's causes and foster the advancement of women in culture, education and commerce.
What are the organization's capabilities for doing this?
We have a very active Board of Directors whose dedication and resources have drawn on their collective experience in government, finance and insurance, media and entertainment as well as industry to bring in substantial matching gifts from New York Life, The Ford Foundation, JPMorgan Chase, American Express Foundation, Morgan Stanley, The Gap and Johnnie Walker & Sons. But it is the countless smaller gifts from individuals, private foundations and philanthropists alike that have helped us.
What have they accomplished so far and what's next?
We have:
Raised $1.6 million towards to create, erect and endow the maintenance of the Women's Rights Pioneers Monument through our own 501(c) 3 organization, completing Phase I of our project in a dedication ceremony on August 26, 2020 in NYC's Central Park. [see the dedication ceremony @ https://youtu.be/bwUNycS5oHs
We are now raising funds for Phase II - our educational program and Phase III - our municipal challenge. Our preliminary 3-year budget for both phases is currently $500K. We do not yet have a corporate sponsor lined up.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To inform the development of new programs/projects, To strengthen relationships with the people we serve
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Which of the following feedback practices does your organization routinely carry out?
We act on the feedback we receive
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What challenges does the organization face when collecting feedback?
It is difficult to find the ongoing funding to support feedback collection
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
0.00
Months of cash in 2022 info
31.2
Fringe rate in 2022 info
0%
Funding sources info
Assets & liabilities info
Financial data
MONUMENTAL WOMEN
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of MONUMENTAL WOMEN’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
Created in partnership with
Business model indicators
| Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $107,013 | $633,400 | -$1,264,082 | -$11,813 | $220,257 |
| As % of expenses | 177.3% | 440.4% | -83.9% | -32.7% | 519.7% |
| Unrestricted surplus (deficit) after depreciation | $107,013 | $633,400 | -$1,264,082 | -$11,813 | $220,257 |
| As % of expenses | 177.3% | 440.4% | -83.9% | -32.7% | 519.7% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $524,038 | $62,112 | $223,244 | $118,716 | $98,985 |
| Total revenue, % change over prior year | 51.8% | -88.1% | 259.4% | -46.8% | -16.6% |
| Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.1% | 12.5% | 1.8% | 0.0% | 0.0% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 99.9% | 87.5% | 98.2% | 104.7% | 102.5% |
| Other revenue | 0.0% | 0.0% | 0.0% | -4.7% | -2.5% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $60,366 | $143,809 | $1,506,928 | $36,113 | $42,383 |
| Total expenses, % change over prior year | -14.9% | 138.2% | 947.9% | -97.6% | 17.4% |
| Personnel | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Professional fees | 22.1% | 3.0% | 0.6% | 6.7% | 8.8% |
| Occupancy | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 0.0% | 0.0% | 6.6% | 1.9% | 0.5% |
| All other expenses | 77.9% | 97.0% | 92.8% | 91.3% | 90.8% |
| Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $60,366 | $143,809 | $1,506,928 | $36,113 | $42,383 |
| One month of savings | $5,031 | $11,984 | $125,577 | $3,009 | $3,532 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
| Total full costs (estimated) | $65,397 | $155,793 | $1,632,505 | $39,122 | $45,915 |
Capital structure indicators
| Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Months of cash | 229.3 | 75.6 | 0.4 | 16.6 | 31.2 |
| Months of cash and investments | 229.3 | 75.6 | 0.4 | 16.6 | 31.2 |
| Months of estimated liquid unrestricted net assets | 94.7 | 92.6 | -1.2 | -55.2 | 15.3 |
| Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Cash | $1,153,368 | $905,761 | $48,757 | $50,062 | $110,197 |
| Investments | $0 | $0 | $0 | $0 | $0 |
| Receivables | $155,000 | $135,000 | $25,000 | $0 | $0 |
| Gross land, buildings, equipment (LBE) | $0 | $0 | $0 | $0 | $0 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Liabilities (as a % of assets) | 0.4% | 11.7% | 131.7% | 0.0% | 0.0% |
| Unrestricted net assets | $476,418 | $1,109,818 | -$154,264 | -$166,077 | $54,180 |
| Temporarily restricted net assets | $865,572 | N/A | N/A | N/A | N/A |
| Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
| Total restricted net assets | $865,572 | $150,475 | $130,873 | $225,289 | $61,634 |
| Total net assets | $1,341,990 | $1,260,293 | -$23,391 | $59,212 | $115,814 |
Key data checks
| Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President
Pam Elam
The real women who helped build this city, state and nation were nowhere to be found in New York City’s Central Park – until now. In October 2014, a group of citizens and community leaders, women and men, advocated the placement of a statue of women’s rights pioneers Elizabeth Cady Stanton, Susan B. Anthony and Sojourner Truth in New York City’s Central Park in a location consistent with the park's evolving history.
In 2015 the New York City Parks Department approved The Statue Fund's proposal for a statue and in 2020 the statue was unveiled on the Central Park Mall.
With a $500,000 Challenge Grant from New York Life, pledged in 2016, The Statue Fund (Monumental Women) completed the Phase I funding and gifted that monument to the people of the City of New York August 26, 2020 and endowed both the monument and an educational fund for it’s perpetual upkeep.
We are now building on that legacy with the Women's Rights History Trail programs.
Number of employees
Source: IRS Form 990
MONUMENTAL WOMEN
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
MONUMENTAL WOMEN
Board of directorsas of 10/19/2023
Board of directors data
Pam Elam
Myriam Miedzian
Coline Jenkins
Elizabeth Cady Stanton Trust
Gary Ferdman
Namita Luthra
New York Hall of Science
Heather Nesle
New York Life Foundation
Brenda Berkman
David Spaulding
Phillips Gold & Co LLP
Ariel Deutsch
Eileen MacDonald
IATSE - Local One
Paula Stoeke
Regina Wilson
NYC Fire Department
Celeste Kirkland
NYC Transit
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
-
Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 12/11/2019GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
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