Center For Women & Enterprises Inc
- Assets
- $1.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Boston, MA
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 04-3256236
Organization Overview
Center For Women & Enterprises Inc is located in Boston, MA. The organization was established in 1995. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Center For Women & Enterprises Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Women & Enterprises Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Center For Women & Enterprises Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION, TRAINING, CONSULTING, TECHNICAL ASSISTANCE AND CERTIFICATION FOR ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: SINCE ITS FOUNDING IN 1995, THE CENTER FOR WOMEN & ENTERPRISE HAS TRAINED 60,600 ASPIRING SMALL BUSINESS OWNERS WHO HAVE CREATED 57,500 JOBS AND PAID $1.6 BILLION IN WAGES TO THEIR EMPLOYEES. WE PROVIDE COMPREHENSIVE PROGRAMS AND SERVICES FOR ENTREPRENEURS AND BUSINESS OWNERS IN MA, NH, RI, AND VT, WHICH ADDRESS THE FULL CONTINUUM OF THEIR BUSINESSES' LIFECYCLES. CWE OFFERS ONSITE, ONLINE AND WORKSHOPS IN THE COMMUNITIES WE SERVE ON CRITICALLY RELEVANT TOPICS INCLUDING FINANCIAL LITERACY, BUSINESS PLAN CREATION, FINANCING OPTIONS, AND VISIONING, ALL DESIGNED TO STRENGTHEN WOMEN AND VETERAN OWNED BUSINESSES. IN 2023 ALONE, PARTICIPATION IN OUR PROGRAMS AND EVENTS TOTALED 6,766 AND WE SERVED 3,017 INDIVIDUALS, PROVIDING THEM WITH THE TOOLS THEY NEED TO SUCCESSFULLY CREATE NEW INCOME OPPORTUNITIES FOR THEMSELVES AND THEIR FAMILIES, WHILE ALSO BOOSTING THE NEW ENGLAND ECONOMY.
CERTIFICATION: THE CENTER FOR WOMEN & ENTERPRISE OFFERS WOMEN BUSINESS OWNERS THE ABILITY TO OBTAIN FORMAL STATUS OF THEIR DIVERSITY THROUGH A VARIETY OF CERTIFICATIONS. CERTIFICATION ALLOWS BUSINESSES TO BID ON CONTRACTS AS A DIVERSE VENDOR IN BOTH THE PRIVATE AND PUBLIC SECTOR. IT IS AN IMPORTANT TOOL FOR EXPANDING THE VISIBILITY OF A COMPANY AMONG DECISION MAKERS IN SUPPLIER DIVERSITY AND PROCUREMENT. CWE IS THE REGIONAL PROVIDER OF THE WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL (WBENC), THE PREMIERE PRIVATE SECTOR CERTIFICATION THAT GIVES WOMEN-OWNED BUSINESSES AN ADVANTAGE IN THE CORPORATE BIDDING ARENA. WE ALSO OFFER THE WOMEN OWNED SMALL BUSINESS (WOSB-FEDERAL) AS A SECONDARY CERTIFICATION AT NO ADDITIONAL COST. THIS CERTIFICATION IS REQUIRED FOR WOMEN-OWNED BUSINESSES THAT WANT TO BID ON FEDERAL CONTRACTS IN THE PUBLIC SECTOR. IN 2023, CWE CERTIFIED 529 WOMEN-OWNED BUSINESSES THROUGH THE WBENC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabrielle King Morse CEO & President | OfficerTrustee | 40 | $228,347 |
Lisa Wood Board Chair | OfficerTrustee | 2.5 | $0 |
Stephanie Pare Sullivan Secretary And Board Member | OfficerTrustee | 2.5 | $0 |
Cynthia Smith Treasurer And Board Member | OfficerTrustee | 2.5 | $0 |
Desiree Allen Board Member | Trustee | 0.75 | $0 |
Maryalice Decamp Board Member | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $280,562 |
| Related organizations | $0 |
| Government grants | $1,595,373 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,934,164 |
| Noncash contributions included in lines 1a–1f | $53,258 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,810,099 |
| Total Program Service Revenue | $583,821 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$30,440 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,363,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $250,363 |
| Compensation of current officers, directors, key employees. | $62,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,141,324 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $297,913 |
| Payroll taxes | $193,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,578 |
| Fees for services: Accounting | $54,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $167,483 |
| Advertising and promotion | $70,650 |
| Office expenses | $56,733 |
| Information technology | $143,751 |
| Royalties | $0 |
| Occupancy | $265,361 |
| Travel | $54,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,067 |
| Insurance | $14,385 |
| All other expenses | $33,434 |
| Total functional expenses | $4,132,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $981,790 |
| Accounts receivable, net | $6,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,105 |
| Net Land, buildings, and equipment | $2,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $448,097 |
| Total assets | $1,709,277 |
| Accounts payable and accrued expenses | $361,330 |
| Grants payable | $0 |
| Deferred revenue | $5,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $330,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $430,465 |
| Total liabilities | $1,127,295 |
| Net assets without donor restrictions | $154,482 |
| Net assets with donor restrictions | $427,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,709,277 |