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Invest in Girls Inc.

 125 Lake Street
 Sherborn, MA 01770
[P] (617) 8990504
[F] --
Amanda Hoffman
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 Printable Profile (Summary / Full)
EIN 45-3771260

LAST UPDATED: 10/29/2015
Organization DBA Education
Financial Literacy
After School
After School
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No



Mission StatementMORE »

Invest in Girls teaches high school girls financial concepts, exposes them to professional women role models, and introduces them to financial services companies and career paths in finance to empower them to become tomorrow's leaders. 

Mission Statement

Invest in Girls teaches high school girls financial concepts, exposes them to professional women role models, and introduces them to financial services companies and career paths in finance to empower them to become tomorrow's leaders. 

FinancialsMORE »

Fiscal Year July 01, 2013 to June 30, 2014
Projected Income $275,040.00
Projected Expense $354,900.00

ProgramsMORE »

  • Industry Exposure Trips
  • Role-Model Exchange
  • Workshops

Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Mission Statement

Invest in Girls teaches high school girls financial concepts, exposes them to professional women role models, and introduces them to financial services companies and career paths in finance to empower them to become tomorrow's leaders. 

Background Statement

A team of women passionate about financial education for girls founded Invest in Girls (IIG) In June 2010. Thirteen donors and the National Council for Research on Women provided support to launch the pilot program in the spring of 2011. Invest in Girls incorporated on its own and launched programming at three “founding partner” schools in the 2011/2012 academic year.

Impact Statement

In 2010, IIG instituted a pilot program in three schools in New England to refine and build a sustainable and scalable program across the United States.  In the past year, we have tripled the number of girls who have access to our programming and will have nearly 500 girls in 2014 participating in our workshops.  Through this expanded access to IIG, even more girls are becoming financially independent, confident, and inspired future leaders.  We plan to grow our program to 1,000 girls in three years.  We would like to expand our programs to the underserved populations of Boston, New York, Philadelphia and Maryland in 5 years.

Needs Statement

1. Funding to support the expansion into public and charter schools - $500,000.  This financial support would allow us to hire new staff to support growth in Connecticut, Massachusetts, Pennsylvania, Maryland and New York City.  In addition, we could financially support the travel for our students to industry trips.

2. Increased number of teaching volunteers willing to conduct workshops - 50 volunteers with finance and teaching backgrounds. - Each year, the students participate in 4, 90-minute workshops.  We need volunteers to teach each workshop and we need to train the volunteers on our curriculum.

3. Financial Services Institutions who are willing to host Industry Trips - at minimum we would like to identify 50 Financial Services Institutions along the east coast.

4. Visibility through marketing of our programs to schools across the country - We would like to develop a marketing platform to expand awareness.


CEO Statement

IIG is a 501c3 nonprofit teaching more than 550 girls in Connecticut, Massachusetts, Pennsylvania, and Maryland. Girls voluntarily participate in IIG as an extracurricular activity starting in their sophomore year and continue participation throughout their high school career.  

I believe strongly that when a girl departs high school, it is critical to have a foundation of financial education.  At a minimum, we teach girls how to manage their own finances, not fall prey to credit debt, and make smart decisions regarding loans and their future investments.   

In addition to the fundamentals of financial education, we expose our girls to women with careers in finance and the financial services industry.  We strongly believe that inspiring girls to pursue careers in financial services and finance will build a future pipeline of leaders in an industry where women are underrepresented.  We connect the real life experiences of women in financial services, the foundation of personal financial management, and the confidence to make great decisions for themselves.

IIG is unique due to its ecosystem of women in the industry, girls who have exposure to these women, and companies dedicated to elevating the next generation of strong, educated women.

Board Chair Statement

IIG has worked hard over the past 4 years to develop a proven and consistent model that “lights the spark” in girls to recognize the power that comes with financial knowledge and wise financial decisions. Our learning approach that is targeted to the way girls learn and the exposure we are giving girls to role models and companies in the industry has been solidified. Our challenge is now to scale and growth the model in order to both impact more girls as well as girls in a wide range of schools that include public and charter schools.

 2.      How are we addressing the challenges?

We have taken a measured approach to expansion this year in order to focus on developing the best foundation for our future growth into a much wider range of schools. We have a subcommittee focused on the expansion working on developing a rollout plan that incorporates our learnings from the three new schools this year. We have also made meaningful changes in our mentor program in order to facilitate better scalability as we expand and will continue to look at opportunities throughout the program to enable for effective scalability.  We are also trying to learn from as many organizations as we can who have successfully implemented successful expansion strategies.

3.      Donors would like to hear a personal story about your passion and why you are choosing to lead IIG as the Chair.

When I was in business school I noticed that fewer women were taking investment-focused courses than men. This led me to become fascinated by how women educate themselves and make both personal financial choices as well as career choices. If future women leaders were not choosing these courses at Harvard Business School where were they learning about financial decision making from? The challenge is not that women are not good financial decision makers, but rather that girls are not choosing to educate themselves and engage in both personal and financial investment decisions. This led me to become deeply committed to trying to change this cycle and to make it fun, cool and empowering for girls to engage in their financial lives to not only make better personal financial decisions, but also to consider careers in the financial services industry, where there are great job opportunities for women over the long-term. To deeply believe that through financial empowerment we can make a meaningful difference in world.

Geographic Area Served

IIG teaches more than 550 girls in Connecticut, Massachusetts, Pennsylvania, Virginia and Maryland.    

Organization Categories

  1. Education - Secondary & High Schools
  2. Youth Development - Youth Development-Business
  3. Education -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

Under Development


Industry Exposure Trips

Each spring, the girls enrolled in Invest In Girls visit 2 companies. During their trip, girls learn about a variety of career paths in finance and financial services. They meet and connect with successful women leaders within the companies and have the opportunity to meet girls from other participating schools. Our goal is to expose girls to new career paths in the financial services world and provide girls with the opportunity to network with each other and professionals in the industry. 
Budget  10,000
Category  Youth Development, General/Other Youth Leadership
Population Served Adolescents Only (13-19 years) Females
Program Short-Term Success 
Giving girls a chance to network with their peers and consider higher education related to the industry.  
Program Long-Term Success  By exposing girls to women leaders working in the financial services industry, IIG aims to spark an interest for our students to ultimately pursue careers in the industry.
Program Success Monitored By  IIG continuously surveys students and host companies to ensure consistent experience with industry trips.
Examples of Program Success  Two girls in IIG interned at the companies they visited in their industry trips. And we also had more than a dozen women at the companies sign up to be role models. 

Role-Model Exchange

IIG selects 21 role models from the finance and financial services industry to feature in our role model exchange workshops. Each month, students complete an online role model exchange workshop. These activities introduce the girls to a woman role model, a career path in finance and financial services industry and an intangible life and/or professional skill. 
Budget  15,000
Category  Youth Development, General/Other Youth Leadership
Population Served Adolescents Only (13-19 years)
Program Short-Term Success  Girls build the confidence to make introductions to women in the industry. 
Program Long-Term Success  By giving girls access to successful women in the industry, IIG will build girls' confidence in their own abilities a successful professional career. 
Program Success Monitored By  IIG continually surveys both students and role models on key take-aways from each exchange.
Examples of Program Success  6 of IIG's students from the 2013 academic year pursued summer internships in a financial services industry as a result of their exposure to women role models last year. 


IIG students engage in 4, 90-minute workshops conducted in person, per academic year.  Each workshop focuses on a concept tied to that year's theme.  Sophomores focus on personal budgets and spending savings plans.  Juniors focus on investments and the stock market.  Seniors focus on philanthropic giving and evaluating balance sheets.  During these workshops, girls interact with the IIG teacher through a series of blended learning exercises.  There is reflection at the beginning of each workshop surrounding the themes that will be covered and once again at the end of the workshop so that girls can share their thoughts with the class.  There are a total of 4 workshops per year for 3 years.
Budget  10,000
Category  Youth Development, General/Other Youth Leadership
Population Served Adolescents Only (13-19 years)
Program Short-Term Success  To date, our Seniors have 100% recall of the subjects we cover during their three years of participation.  Our students have enrolled in savings plans with their families, have pursued summer job opportunities with financial services companies, and have volunteered at organizations they deem valuable as a use of their free time.
Program Long-Term Success  We believe that our program builds a fundamental foundation of financial independence and confidence.  Our girls leave the program knowing how to save for the future, manage their finances, make thoughtful investment decisions.  In addition, our Senior year curriculum empowers girls to evaluate their philanthropic endeavors by giving them a set of tools to evaluate non-profit organizations.  If we can expand the population of girls we deliver this curriculum to, we can build a nation of confident, independent women.  
Program Success Monitored By  IIG utilizes survey monkey to monitor our girl's grasp of the key concepts we cover during workshops. If any of our girls is struggling with a term, we know it immediately, and we can address it 1:1 with that particular student. To date, our girls are retaining 100% of the concepts we cover during workshops.
Examples of Program Success  We have had students report to us that they have saved over the summer in order to plan a trip.  We had two students last year who interned at Bank of America and wanted to pursue careers in financial services once they graduated college.

CEO/Executive Director/Board Comments



CEO/Executive Director Ms. Amanda Hoffman
CEO Term Start Jan 2012
CEO Email
CEO Experience --
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
-- -- --


Award Awarding Organization Year
-- -- --


Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --



CEO/Executive Director/Board Comments


Foundation Comments


Staff Information

Number of Full Time Staff 1
Number of Part Time Staff 2
Number of Volunteers 0
Number of Contract Staff 0
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 3
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 4
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers --
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy No
Whistle Blower Policy No
Document Destruction Policy --
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Yes
State Registration --

Risk Management Provisions


Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually


Board Chair Ms. Dune Delafield Thorne
Board Chair Company Affiliation Brown Advisory
Board Chair Term Jan 2010 - Dec 2015
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Susan Black Sapers & Wallack Voting
Melissa Bridgeford Guggenheim Real Estate Voting
Julia Clay Cambridge Associates Voting
Constance Everson Capital Markets Outlook Group Voting
Kusum Gaind Access Circles Voting
Brian Hayden Heatspring Technologies Voting
Lindsay Hyde Strong Women Strong Girls Voting
Ellen Kinlin The Kinlin Company Voting
Sheryl Koepke Fidelity Family Office Services Voting
Emilie Liebhoff n/a Voting
Johanna Longnecker Fidelity Investments Voting
Lisa Mullan HubSpot --
Kathy Parker Rodman & Rodman Voting
Sherry Paul UBS Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 15
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 14
Male: 1
Not Specified 0

Board Information

Board Term Lengths 2
Board Term Limits 2
Board Meeting Attendance % 95%
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 25%
Constituency Includes Client Representation No

Standing Committees

  • Board Governance
  • Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
  • Education

CEO/Executive Director/Board Comments


Foundation Comments



Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Fiscal Year July 01, 2013 to June 30, 2014
Projected Income $275,040.00
Projected Expense $354,900.00
Form 990s

2014 Form 990

2013 Form 990 (Covers Jan. 1, 2013 - June 30, 2013 - change in fiscal year)

2012 Form 990

2011 Form 990

Audit Documents --
IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2014 2013 2012
Total Revenue $191,362 $78,983 $78,705
Total Expenses $178,347 $65,066 $116,230

Prior Three Years Revenue Sources

Fiscal Year 2014 2013 2012
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $126,197 $30,983 $4,485
Indirect Public Support -- -- --
Earned Revenue $65,101 $48,000 $74,000
Investment Income, Net of Losses -- -- $20
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind -- -- --
Other $64 -- $200

Prior Three Years Expense Allocations

Fiscal Year 2014 2013 2012
Program Expense $94,940 $16,875 $38,185
Administration Expense $82,516 $48,191 $78,045
Fundraising Expense $891 -- --
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.07 1.21 0.68
Program Expense/Total Expenses 53% 26% 33%
Fundraising Expense/Contributed Revenue 1% 0% 0%

Prior Three Years Assets and Liabilities

Fiscal Year 2014 2013 2012
Total Assets $35,430 $6,361 $39,890
Current Assets $33,021 $6,361 $39,890
Long-Term Liabilities $0 $0 $0
Current Liabilities $2,199 $1,145 $48,591
Total Net Assets $33,231 $5,216 $-8,701

Prior Three Years Top Three Funding Sources

Fiscal Year 2014 2013 2012
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line No
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2014 2013 2012
Current Ratio: Current Assets/Current Liabilities 15.02 5.56 0.82

Long Term Solvency

Fiscal Year 2014 2013 2012
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments


Foundation Comments

Financial summary data in the charts and graphs above are per the organization's IRS Form 990s. Administrative and fundraising functional expense detail is per the Form PC on file with the state of MA for FY14, FY13 and FY12. Please note, in 2013 the organization changed its fiscal year from a calendar year (Jan. 1 - Dec. 31) to July 1 - June 30. As such the fiscal year 2013 data above, and 990 posted, covers Jan. 1, 2013 - June 30, 2013. Contributions from foundations and corporations are listed under individuals when the breakout was not available.


Other Documents

No Other Documents currently available.


The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.

1. What is your organization aiming to accomplish?

By 2016, IIGs aims to have 1000 girls (grades 10, 11 and 12) participating in its programming and a total of 15 schools running curriculum at full capacity. We would like to have 10,000 girls and 133 school in year 2023 and 100,000 girls in 1300 schools in 2033. In order to impact a large number of girls in a more diverse population, IIG must grow. We know that in order to scale the number of girls we serve, we must shift our model to maintain consistency and quality of experience for each and every student. 

2. What are your strategies for making this happen?

At present we believe the following must be incorporated into our decision to adopt a new delivery model: A) maintain brand integrity and build consistency across girls experiences B) build a scalable model that increases the student population and lowers the cost per student C) leverage the talented women in the financial services industry who want to be engaged and connected with IIG. 
How each activity strengthen's IIG's approach: 
A. By streamlining the delivery of content to each girl through IIG Connect we believe we can maintain consistency for each and every student.
B. By leveraging existing technology, IIG can transition from in-person to online trainings, reducing overhead costs and therefore lowering the cost per student. 
C. Leveraging women with careers relevant to workshop curriculum allows us to build a 3-dimensional approach to our teaching and increases students' content retention through enhanced personal connections and real-world examples.  

3. What are your organization’s capabilities for doing this?

IIG utilizes a propreitary technology platform (IIG.CAMMPUS.COM, also known as IIG Connect, to create and deliver relevant and timely content to our girls. This platform also allows girls to connect with women working in the industry through group-based activities and video simulations. We believe this stand-alone technology sets us apart from any other financial literacy programs and will allow IIG to scale on a national level. IIG also recognized that in-person delivery of content is a critical piece of the success in the long-term and values teacher training as a core asset to its curriculum delivery. Based in Boston, IIG has also developed several partnerships with financial services institutions, such as Fidelity Investments and Brown Advisory and financial literacy programs, such as the Jump$tart Coalition of Massachusetts. The partnerships we have developed validate and enhance our presence in the space of financial education. 

4. How will your organization know if you are making progress?

IIG is in the initial of stages of launching a longitudinal study to track our girls' financial stability and career choices. We will measure/track students' financial goals, spending and savings plans, credit scores, college majors, philanthropic giving and overall attitudes towards personal finance. In additional to the longitudinal study, IIG conducts pre- and post-course evaluations of financial concepts covered in that academic year. 

5. What have and haven’t you accomplished so far?

IIG has tripled the number of girls in the last 12 months, increasing our student population from 91 to over 550 girls. IIG has also expanded from 2 to 5 states (MA, CT, MD VA and PA. In the 2054 academic year, IIG plans to launch its programing in Boston and New York City public schools. In the next three years, IIG also plans to expand its presence in Boston's under-served community. Our long-term goal is to reach the nation's under-served girls, giving them the opportunity to succeed as confident, independent women.