Banking on Women

Donation Funded iconThis charity receives a significant portion of its funding (specifically, more than 30% of its total revenue) directly from donations and bequests. This indicates that public contributions are a crucial financial lifeline for their mission.Volunteer Powered iconThis charity relies heavily on the incredible dedication of volunteers. It means their operations are significantly powered by volunteer efforts, where the collective contribution of volunteers is either substantial compared to paid staff, or their work is entirely run by volunteers. Your time and skills could make a huge difference here!
Website:
bankingonwomen.org.au/
ABN:
86 915 860 807
Location:
Carlton, VIC
Charity Size:
SmallSmall charities, those with an annual revenue of under $500,000, are often the unsung heroes, deeply rooted in local communities. Think of your local soup kitchen, the neighbourhood environmental group, or the tiny organisation providing crucial support to families in crisis. These charities punch above their weight, delivering highly personalised services and fostering strong connections.
Charity Type:
Community services
Registration Status:
Registeredthe charity’s registration is active
Religious Affiliation:
No Religious AffiliationThis category comprises charities that do not have any religious affiliation. They operate independently of specific religious doctrines and focus on their mission based on secular principles
DGR Status:
Not Tax DeductibleThis charity or fund is currently not recognised by the Australian Taxation Office (ATO) as a Deductible Gift Recipient (DGR). Donations made to this entity are generally not tax-deductible for the donor. This status indicates the entity does not hold active DGR endorsement, based on official ABR data.
Banking on Women (BoW) is a student organisation at The University of Melbourne dedicated to supporting young women with a passion and curiosity for pursuing a career in the financial and professional services industries. BoW strives to empower, educate and encourage our members by providing them with industryspecific knowledge and skills through our partnerships. Our success since 2012 would not have been possible without the ongoing support of our industry sponsors. BoW has provided many engaging educational and professional development events to our membership base of over 500 talented and enthusiastic students. We began Semester 1 of 2023, with our How to Succeed in Interviews Event. This event focused on providing our members valuable advice on how to best navigate their future careers, recruitment, and gain industry experience. We also held our flagship, soldout, Women in Business Evening, featuring an inspiring junior and senior panel of industry professionals who provided our members with insights and reflections on their career journeys and experiences in their respective industries as a woman. Our Banking on Women Brunch was another highlight. The event provided our members the opportunity to sit down and have meaningful oneonone conversations with women from a variety of industries. As BoW aims to promote a strong network of driven and likeminded individuals, these events were and continue to be an integral part of our mission to empower women and support them as they pursue careers in the financial and professional services industries. Semester 2 started with a new event: Women in Consulting. This event aimed to help students explore different career possibilities in the field of consulting and what they entail. This will be followed by our Alumni Networking Event (also soldout), where we celebrate BoW s continued commitment to empowering female students and connect them with our esteemed alumni. To wrap up the year, we held our Future of Finance event, which featured a panel of representatives from our partnersponsors who discussed their transition from university to fulltime work. Throughout both semesters, our Bold with BoW Mentor Program paired highpotential students with a finalyear mentor and provided them with the opportunity to speak with a sponsor representative working in their career of interest. This program has proved to be a successful way to connect our membership base with sponsors in a more personal manner, which we are excited to continue in 2024. Along with these events, our podcast BoWTalks was highly successful with an additional 18 episodes recorded and released, obtaining a total of over 10,000 listens. A broad range of topics were covered, from Women in Leadership and the Gender Gap in Investment Management to hearing the stories of successful individuals working in Investment Banking, Consulting, Private Equity and many more!

Only Active in Australia

Staffing DetailsCharities report the number of full-time, part-time, and casual employees, as well as volunteers, for the last pay period of their reporting year.

MetricCharity ValueThis charity's own reported figure, taken from its most recently lodged Annual Information Statement (AIS) with the ACNC.Average (Small)The average figure across all Australian charities of the same size category (Small, Medium, or Large), based on their most recently lodged Annual Information Statements.
Full Time3035
Part Time00
Casual00
Volunteers3027
Full-Time Equivalent (FTE)Full-Time Equivalent (FTE) is a calculation that represents the number of full-time employees a charity would have if you combined the hours of all its part-time and casual staff.0.002.16
FTE to Volunteer RatioThis ratio compares the number of volunteers to the number of paid full-time equivalent staff. A higher percentage indicates a greater reliance on volunteers.0%5057%
Avg Employee Expenses per FTEThis is the average amount of employee-related expenses (like salary and benefits) spent per full-time equivalent staff member.$0$81,231

Related Party TransactionsA transaction between the charity and a person or entity closely connected to the charity, such as a board member, a major donor, or their family members. These must be disclosed to ensure transparency.

Reporting on related party transactions is not required for small charities.

Key Management Personnel (KMP)Key Management Personnel (KMP) are the people who have the authority and responsibility for planning, directing, and controlling the charity's activities. This typically includes board members and senior executives.

Reporting on Key Management Personnel remuneration is only required for large charities.

Most Recent Annual Information Submitted 2023

Lodgement was submitted on time.

Reporting Requirements for a Small Charity (Annual revenue under $500,000)

Small charities must submit an Annual Information Statement (AIS) but are not required to submit a full financial report. This means they do not have to provide a detailed breakdown of assets and liabilities or submit audited financial statements, though they must keep financial records.

CategoryCharity ValueThis charity's own reported figure, taken from its most recently lodged Annual Information Statement (AIS) with the ACNC.Australian Average (Small)The average figure across all Australian charities of the same size category (Small, Medium, or Large), based on their most recently lodged Annual Information Statements.
Net Surplus/DeficitThe difference between a charity's total income and its total expenses for the reporting period. A surplus means income was greater than expenses, while a deficit means expenses were greater than income.$10,279$1,821
Net Assets/LiabilitiesThe value of what a charity owns (assets) minus what it owes (liabilities). This is also known as total equity or net worth, representing the overall financial position.$455$0
Total RevenueTotal Revenue plus Other Income. It represents the total income before any expenses are deducted.$29,416$79,129
Revenue from GovernmentFunding received from local, state, or federal government bodies, including grants and contracts for services. $0 $12,204
Donations and BequestsIncome received from individuals, foundations, or corporations in the form of gifts, donations, and bequests (gifts left in a will). $25,799 $28,746
Revenue from Goods and ServicesIncome generated from selling goods or providing services that are part of the charity's mission or fundraising activities. $0 $17,922
Revenue from InvestmentsIncome earned from the charity's investments, such as interest from bank accounts, dividends from shares, and rent from property. $0 $7,090
Other RevenueIncome from any other sources that don't fit into the main categories. $3,617 $7,559
Other IncomeOther non-operating income, such as one-off gains from the sale of assets. $0 $5,607
Total Gross IncomeTotal Revenue plus Other Income. It represents the total income before any expenses are deducted. $29,416 $79,129
Total ExpensesThe total cost incurred by the charity in carrying out its activities, including program, administrative, and fundraising costs.$19,137$77,309
Employee ExpensesAll costs related to paying staff, including salaries and wages, superannuation, and other employee benefits. $0 $19,898
Grants and Donations (Australia)Funds and donations distributed by the charity to other organisations or individuals within Australia to support their work. $19,137 $14,184
Grants and Donations (Overseas)Funds and donations distributed by the charity to other organisations or individuals outside of Australia for international aid and development. $0 $3,352
Other ExpensesAll other operational expenses not classified elsewhere, such as administration, fundraising, and program-specific costs. $0 $39,874
Total AssetsThe total value of everything the charity owns that has monetary value, including cash, investments, buildings, and equipment.$455$635,756
Total LiabilitiesThe total amount of money and obligations the charity owes to others.$0$69,335

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