Women Networking in Electronic Transactions

Women Networking in Electronic Transactions, also known as PayTech Women, is a U.S. nonprofit organization dedicated to empowering women in the electronic transactions industry. Founded in 2005, the organization's mission is to inspire and equip women to maximize their potential and achieve greater personal success through professional development, networking opportunities, mentoring, and peer support.

Programs and Initiatives

• Professional Development: PayTech Women provides various programs aimed at enhancing professional skills and leadership capabilities among women in the fintech and payments sectors.
• Networking Opportunities: The organization facilitates connections among women through networking events and collaborations with industry partners.
• Mentorship Programs: Offering mentorship opportunities to guide and support women in their professional journeys.
• Local Interest Networking Circles (LINC) and Career Leadership Summit: These programs focus on peer support and career advancement strategies.

Governance and Operations

The organization has a strong governance structure, with a majority of independent board members and established policies for conflict of interest and document retention. However, improvements in financial transparency have been suggested by evaluators like Charity Navigator, who have noted the absence of detailed financial statements.

Financial Overview

Women Networking in Electronic Transactions has demonstrated a significant program expense ratio, indicating a substantial portion of its resources are dedicated to program services. The organization's financials include revenue from membership dues and event revenues, contributing to its operational activities.

Membership and Impact

With more than 5,800 members and over 1,000 volunteers, PayTech Women has become a premier professional organization supporting women in the payments and fintech industries. Its partnerships across the industry help extend the value created and facilitate opportunities for women to rise, thrive, and connect within their careers.

Recognition and Legitimacy

Donations to the organization are tax-deductible, as it is registered as a 501(c)(3) entity. It files the Form 990 tax return annually, indicating compliance with U.S. tax regulations for nonprofits. However, recent assessments by Charity Navigator note areas for improvement, particularly in financial transparency and reporting, which could enhance its overall rating and public trust.