50/50 WOMEN ON BOARDS
Accelerating gender balance and diversity on boards
50/50 WOMEN ON BOARDS
EIN: 27-3272688
as of November 2025
as of November 14, 2025
Mission
50/50 Women on Boards is committed to accelerating gender balance and diversity on boards of the Russell 3000 Index companies, with women holding 50% of all of the corporate board seats, and women of color holding at least 20% of all of the corporate board positions. We educate, advocate and collaborate to increase the number of women on corporate boards and drive the business imperative for corporate action. More than 80% of our funds support our research, programs, and public awareness campaigns that enable us to Educate, Advocate, and Collaborate with organizations like yours, to positively impact boardroom diversity.
Notes from the nonprofit
In 2010 we launched 2020 Women on Boards, now 50/50 Women on Boards™, to educate women on how to advance and purse board positions, advocating for change by transparently tracking the progress of women on our Gender Diversity Index Directory, and by collaborating with corporations and action groups committed to advancing women. We share a mutual desire to ignite meaningful change across all corporate leadership levels and bring attention to the business imperative of diverse boards.
Ruling year
2011
CEO
Heather Spilsbury
Main address
PO Box 861958
Los Angeles, CA 90086 USA
EIN
27-3272688
Women's rights
Population served
Women and girls
Adults
NTEE code
Women's Rights (R24)
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
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
The Global Conversation on Board Diversity
Every Year, we host The Global Conversation on Board Diversity™, followed by a series of 23 City Conversation events worldwide to encourage public discourse on the best practices for boardroom diversity and strategies for women to become board-ready.
50/50 Women on Boards Gender Diversity Directory
The Gender Diversity Directory is an online resource of more than 3,000 public and private companies' board composition. The Gender Diversity Directory may be searched by company name, state, sector, rating. 50/50 Women on Boards congratulates companies for achieving gender balance on their boards encourages companies that don't to do better.
50/50 Women on Boards Gender Diversity Index Reports
The 50/50 Women on Boards Gender Diversity Index is a quarterly analysis the gender composition of corporate boards on the Russell 3000 Index.
Get on Board! Workshop
Our online and interactive Get on Board! Workshop develops the skills needed to serve on a public or private board. During the session women work with high-performing board members and build a roadmap for effective board service. Learn how board searches works, how to communicate your unique value and how to craft a board profile. In two afternoon sessions, build confidence and practice promoting yourself as a highly qualified board candidate among a diverse and supportive group of like-minded executive women.
Board Fundamentals
Our online and interactive Board Fundamentals Workshop empowers women with the knowledge to start their board journey. During the session women learn board basics and how they operate. Understand the search process, required skillsets and obligations of board service. The interactive online course helps develop the intention for serving on a board and learn how to increase industry visibility.
Where we work
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Mexico
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Spain
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Switzerland
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United Kingdom
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United States
Our results
How does this organization measure their results? It's a hard question but an important one.
Evaluation documents
Download evaluation reportsNumber of participants attending course/session/workshop
This metric is no longer tracked.Totals By Year
Population(s) Served
Women, Bisexuals, Intersex people, Lesbians, Transgender people
Related Program
Get on Board! Workshop
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
2023-Includes Get on Board, Board Fundamentals, and Digital Presence
Number of press articles published
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Ethnic and racial groups, Academics, Activists, Self-employed people
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of conferences held
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Ethnic and racial groups, Activists, Domestic workers, Self-employed people
Related Program
The Global Conversation on Board Diversity
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of conference attendees
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Ethnic and racial groups, Researchers, Domestic workers, Self-employed people
Related Program
The Global Conversation on Board Diversity
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of people on the organization's email list
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Ethnic and racial groups, Self-employed people, Domestic workers, Activists
Type of Metric
Other - describing something else
Direction of Success
Increasing
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Reports and documents
Download strategic planLearn 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?
Educate women on how to advance at every stage in their career
Create alumni groups for further networking.
Share research and insights on why gender balance and diversity are business imperatives.
Transparently track the progress of publicly traded companies' board composition.
Build a network of women and men who share our mutual desire to advance change.
Collaborate and partner with other like-minded organizations to make an impact.
What are the organization's key strategies for making this happen?
50/50 Women on Boards is committed to accelerating gender balance and diversity on boards of the Russell 3000 Index companies, with women holding 50% of all of the corporate board seats, and women of color holding at least 20% of all of the corporate board positions.
As data is made available by race and ethnicity or if disclosure is required by the U.S. Securities and Exchange Commission, we are committed to disaggregating the data to report by Latinx, Black, Asian Pacific Islander, Indigenous, and Middle Eastern women.
To encourage change, we continue to educate and advocate for women, including women of color and collaborate with corporations and like-minded organizations to advance this goal. But there is no easy road to get there. In support, we start by asking for change at the corporate level. We also host public awareness campaigns and events that provide our audiences with implementation strategies for how to make an impact.
What are the organization's capabilities for doing this?
Develop educational workshops such as Path to the Boardroom and Get on Board that provide women in the early, mid, and senior-level careers to pursue a board position.
Track the progress of women and the board composition of publicly-traded companies on our proprietary 50/50 Women on Boards Gender Diversity Index.
Host The Global Conversation on Board Diversity that kicks off 32 city/state events worldwide to discuss how we can all make an impact.
Lead year-round conversations and speaking engagements with partners on the business imperative of gender balance and diverse boards.
What have they accomplished so far and what's next?
Our programs directors and speakers are more diverse, enabling a more inclusive conversation for women and women of color at every stage in their career, which is imperative for ensuring that all women advance and achieving gender balance and diversity on boards.
Our research shifted from quarterly to annual so we can report current progress. We are also encouraging directors to self-identify to report on boards' racial composition and advance change.
In 2020, we had more than 7000 registrants, 186 sponsors, 146 VIP Panelists, and more than 400 Director Coaches participate in The Global Conversation on Board Diversity. In 2021m we hope to attract 10,000 registrants and increase awareness of the business imperative of gender balance and diversity on boards.
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?
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Which of the following feedback practices does your organization routinely carry out?
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What challenges does the organization face when collecting feedback?
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Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2023 info
17.76
Months of cash in 2023 info
15.6
Fringe rate in 2023 info
11%
Funding sources info
Assets & liabilities info
Financial data
50/50 WOMEN ON BOARDS
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 50/50 WOMEN ON BOARDS’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 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $295,808 | $436,345 | $663,451 | -$92,245 | $162,467 |
| As % of expenses | 39.5% | 42.2% | 52.7% | -8.2% | 11.0% |
| Unrestricted surplus (deficit) after depreciation | $290,408 | $430,945 | $658,051 | -$99,174 | $149,568 |
| As % of expenses | 38.5% | 41.4% | 52.1% | -8.8% | 10.0% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $1,045,196 | $1,471,452 | $1,857,145 | $1,033,054 | $1,644,913 |
| Total revenue, % change over prior year | 70.1% | 40.8% | 26.2% | -44.4% | 59.2% |
| Program services revenue | 7.2% | 12.1% | 13.1% | 11.9% | 90.2% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% |
| Government grants | 0.0% | 0.0% | 3.2% | 0.0% | 0.0% |
| All other grants and contributions | 92.8% | 87.9% | 83.6% | 88.1% | 9.3% |
| Other revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $749,388 | $1,035,107 | $1,258,494 | $1,125,299 | $1,482,446 |
| Total expenses, % change over prior year | 114.5% | 38.1% | 21.6% | -10.6% | 31.7% |
| Personnel | 46.8% | 46.5% | 56.5% | 71.2% | 54.5% |
| Professional fees | 11.7% | 23.5% | 24.6% | 21.4% | 9.8% |
| Occupancy | 3.1% | 1.4% | 0.0% | 0.0% | 0.0% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other expenses | 38.4% | 28.6% | 18.9% | 7.4% | 35.7% |
| Full cost components (estimated) info | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $754,788 | $1,040,507 | $1,263,894 | $1,132,228 | $1,495,345 |
| One month of savings | $62,449 | $86,259 | $104,875 | $93,775 | $123,537 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 | $28,065 | $0 |
| Total full costs (estimated) | $817,237 | $1,126,766 | $1,368,769 | $1,254,068 | $1,618,882 |
Capital structure indicators
| Liquidity info | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Months of cash | 16.8 | 16.8 | 16.8 | 19.1 | 15.6 |
| Months of cash and investments | 16.8 | 16.8 | 16.8 | 19.1 | 15.6 |
| Months of estimated liquid unrestricted net assets | 12.0 | 13.7 | 17.6 | 18.4 | 12.2 |
| Balance sheet composition info | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Cash | $1,047,440 | $1,446,945 | $1,765,797 | $1,787,004 | $1,924,517 |
| Investments | $0 | $0 | $0 | $0 | $0 |
| Receivables | $67,779 | $67,083 | $185,431 | $51,568 | $44,126 |
| Gross land, buildings, equipment (LBE) | $32,400 | $32,400 | $32,400 | $60,465 | $0 |
| Accumulated depreciation (as a % of LBE) | 20.8% | 37.5% | 54.2% | 40.5% | 0.0% |
| Liabilities (as a % of assets) | 32.3% | 22.3% | 5.8% | 6.4% | 5.5% |
| Unrestricted net assets | $773,270 | $1,204,215 | $1,862,266 | $1,763,092 | $1,512,660 |
| Temporarily restricted net assets | N/A | N/A | N/A | N/A | N/A |
| Permanently restricted net assets | N/A | N/A | N/A | N/A | N/A |
| Total restricted net assets | $0 | $0 | $0 | $0 | $400,000 |
| Total net assets | $773,270 | $1,204,215 | $1,862,266 | $1,763,092 | $1,912,660 |
Key data checks
| Key data checks info | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
CEO
Heather Spilsbury
Heather Spilsbury is the CEO for 50/50 Women on Boards with a dual focus on building the campaigns growth initiatives and developing its global brand efforts to inform and convert audiences into advocates and partner with like-minded organizations to increase profit and productivity.
As an accomplished creative marketing strategist and business development executive, Heather collaborates with the organizations stakeholders to create content-rich research and multichannel programs. She is also an advisory board member for HPRLA and UC Riverside.
Formerly, Heather was the VP of Marketing and Strategy at a creative agency in Los Angeles. She grew the agency from $3MM to $26MM in EBITDA and established and oversaw the agencys marketing division.
Number of employees
Source: IRS Form 990
50/50 WOMEN ON BOARDS
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
50/50 WOMEN ON BOARDS
Board of directorsas of 05/21/2024
Board of directors data
Stephanie Sonnabend
Malli Gero
Tracey Doi
Toyota
Robin Ferracone
Renee Fraser
Fraser Communications
Julie Hill
Jan Jones Blackhurst
Herman E Bulls
JLL
Maria Rivas
EMD SERONO, INC
Betsy Berkhemer-Credaire
Michael Fraccaro
Mastercard
Denise R Singleton
WestRock Company
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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? Not applicable
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
Transgender Identity
Sexual orientation
Disability
We do not display disability information for organizations with fewer than 15 staff.
Contractors
Fiscal year endingProfessional fundraisers
Fiscal year endingSOURCE: IRS Form 990 Schedule G
Solicitation activities
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