Womens Enterprise Development Center Inc
- Assets
- $1.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 17
- Location
- North White Plains, NY
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 13-4042394
Organization Overview
Womens Enterprise Development Center Inc is located in North White Plains, NY. The organization was established in 2000. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. As of 12/2021, Womens Enterprise Development Center Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Enterprise Development Center 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 12/2021, Womens Enterprise Development Center Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 7 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.
Since 2020, Womens Enterprise Development Center Inc has awarded 27 individual grants totaling $202,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE DETAILED STATEMENT OF PROGRAM SERVICE ACTIVITIES ON SCHEDULE O; SEE ALSO PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEDC PROVIDES TRAINING, ADVISORY SERVICES, AND ACCESS TO CAPITAL FOR WOMEN ENTREPRENEURS THROUGHOUT WESTCHESTER COUNTY AND THE LOWER AND MID-HUDSON VALLEY. THROUGHOUT THE PANDEMIC, WEDC HAS RESPONDED QUICKLY TO MEET THE NEEDS OF SMALL BUSINESS OWNERS BY CONDUCTING TRAINING PROGRAMS AND COUNSELING SESSIONS VIRTUALLY. THESE SERVICES INCLUDED A FOCUS ON HELPING CLIENTS ACCESS FUNDING FROM THE SMALL BUSINESS ADMINISTRATION FOR THE PAYCHECK PROTECTION AND ECONOMIC INDUSTRY DISASTER LOAN PROGRAMS. WEDC HAS ALSO ASSISTED CLIENTS IN NEED OF RETHINKING THEIR BUSINESS MODELS. DURING 2021, OVER 1,000 CLIENTS WERE SERVED AND 110 JOBS WERE CREATED IN RESPONSE TO COVID. SEE ALSO SCHEDULE O EXTENSIONS FOR PART I, LINE 1 AND PART III, LINE 4A. WEDC SERVES BOTH WOMEN AND MEN, AND ITS SERVICES ARE AVAILABLE TO ALL POPULATION GROUPS, WITH THOSE SERVED BEING MAINLY CAUCASIAN, LATINO/HISPANIC, AND AFRICAN AMERICAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Janiak Chief Executive Officer | Officer | 40 | $126,000 |
Barbara Van Bergen President/director | OfficerTrustee | 3 | $0 |
Jacqueline J Warner ESQ Secretary/director | OfficerTrustee | 3 | $0 |
Stephen Chase Treasurer/director | OfficerTrustee | 3 | $0 |
Rita Ramirez Vice President/director | OfficerTrustee | 3 | $0 |
Edward A Morgan ESQ Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,765 |
| Related organizations | $0 |
| Government grants | $1,405,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $333,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,775,780 |
| Total Program Service Revenue | $10,380 |
| Investment income | $146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,781,451 |
| 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. | $126,000 |
| Compensation of current officers, directors, key employees. | $18,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $630,379 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,179 |
| Payroll taxes | $62,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $449,059 |
| Advertising and promotion | $1,556 |
| Office expenses | $20,859 |
| Information technology | $53,493 |
| Royalties | $0 |
| Occupancy | $47,022 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,531 |
| Insurance | $6,983 |
| All other expenses | $0 |
| Total functional expenses | $1,456,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,296 |
| Savings and temporary cash investments | $373,336 |
| Pledges and grants receivable | $916,602 |
| Accounts receivable, net | $9,750 |
| 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 | $57,693 |
| Net Land, buildings, and equipment | $37,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,663 |
| Total assets | $1,478,875 |
| Accounts payable and accrued expenses | $35,744 |
| Grants payable | $0 |
| Deferred revenue | $85,084 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $120,828 |
| Net assets without donor restrictions | $1,314,047 |
| Net assets with donor restrictions | $44,000 |
| 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 | $1,478,875 |
Grants Awarded
Over the last fiscal year, Womens Enterprise Development Center Inc has awarded $202,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
8 POINT STUDIO PURPOSE: MWBE COVID GRANT | $7,500 |
SUZANNE'S KITCHEN PURPOSE: MWBE COVID GRANT | $7,500 |
BLOOM TRANS SERVICES LLC PURPOSE: MWBE COVID GRANT | $7,500 |
DESIREE EDWARDS PURPOSE: MWBE COVID GRANT | $7,500 |
LUSHIES PURPOSE: MWBE COVID GRANT | $7,500 |
GPM PRESENTS INC PURPOSE: MWBE COVID GRANT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Womens Enterprise Development Center Inc has recieved totaling $115,375.
| Awarding Organization | Amount |
|---|---|
Business Outreach Center Network Inc Brooklyn, NY PURPOSE: Open for Business Program | $115,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Vocational Service Inc Boston, MA | $20,674,331 | $21,644,492 |
Luzerne-Schuykill County Workforce Investment Board Wilkes Barre, PA | $2,407,777 | $10,363,008 |
Operation Able Of Greater Boston Inc Boston, MA | $1,665,428 | $6,750,238 |
Upwardly Global New York, NY | $12,593,796 | $11,973,523 |
Bidwell Training Center Inc Pittsburgh, PA | $6,588,435 | $5,774,726 |
Johnson Oconnor Research Foundation Inc Boston, MA | $5,410,045 | $5,445,179 |
Americas Youth Teenage Unemployment Reduction Network Inc Brockton, MA | $425,863 | $1,785,740 |
Centurion Ministries Princeton, NJ | $2,915,763 | $2,224,148 |
The Work Family Connection Inc Whitehouse Station, NJ | $1,441,097 | $1,781,101 |
Prea Foundation Inc Hartford, CT | $15,344,989 | $2,684,612 |
Womens Enterprise Development Center Inc North White Plains, NY | $1,478,875 | $1,781,451 |
Aisling Irish Community Center Inc Yonkers, NY | $1,576,769 | $659,648 |