Womens Business Enterprise Center East
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Philadelphia, PA
- Founding
- 01/1995
- Data as of
- 06/2022
- EIN
- 23-2810092
Organization Overview
Womens Business Enterprise Center East is located in Philadelphia, PA. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Womens Business Enterprise Center East employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Business Enterprise Center East 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 06/2022, Womens Business Enterprise Center East generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE DEVELOPMENT AND RETENTION OF SUCCESSFUL WOMEN-OWNED BUSINESSES. ALSO, TO FACILITATE THE RELATIONSHIP BETWEEN CORPORATIONS, GOVERNMENTS AND WOMEN-OWNED BUSINESSES TO PROVIDE GROWTH AND SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WBEC-EAST PROVIDES START UP, EMERGING AND ESTABLISHED ENTREPRENEUR'S VIRTUAL EDUCATION AND TRAINING WORKSHOPS TO BECOME SUCCESSFUL. THESE EDUCATION AND TRAINING WORKSHOPS INCLUDE: MARKET RESEARCH, FINANCIAL ANALYSIS, BUSINESS PLANNING, BUSINESS COACHING ETC.
WBEC-EAST THROUGH ITS PARTNERSHIP WITH WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL ("WBENC") PROVIDES CERTIFICATIONS TO WOMEN-OWNED BUSINESSES. THESE CERTIFICATIONS ARE USED AS A MARKETING TOOL FOR EXPANDING A COMPANY'S VISIBILITY AND ACCESS TO DECISION MAKERS IN SUPPLIER DIVERSITY AND PROCUREMENT OFFICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Walsh President | Officer | 40 | $184,989 |
Merry Heim Secretary | OfficerTrustee | 1 | $0 |
Cecilia Isaacs-Blundin Chair | OfficerTrustee | 2 | $0 |
Cynthia Funaro Towers ESQ Vice Chair | OfficerTrustee | 2 | $0 |
Nancy Gunza CPA Treasurer | OfficerTrustee | 2 | $0 |
George Ehrgott Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $131,674 |
| Fundraising events | $25,050 |
| Related organizations | $0 |
| Government grants | $305,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $762,618 |
| Total Program Service Revenue | $915,828 |
| Investment income | $1,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,754 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,729,053 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $896,199 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $121,069 |
| Other employee benefits | $0 |
| Payroll taxes | $72,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,775 |
| Fees for services: Accounting | $162,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,960 |
| Advertising and promotion | $9,959 |
| Office expenses | $31,546 |
| Information technology | $36,010 |
| Royalties | $0 |
| Occupancy | $109,164 |
| Travel | $19,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $145 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,859 |
| Insurance | $10,222 |
| All other expenses | $14,315 |
| Total functional expenses | $1,673,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,399 |
| Savings and temporary cash investments | $1,072,870 |
| Pledges and grants receivable | $117,416 |
| Accounts receivable, net | $0 |
| 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 | $62,166 |
| Net Land, buildings, and equipment | $74,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,758 |
| Total assets | $1,501,444 |
| Accounts payable and accrued expenses | $219,921 |
| Grants payable | $0 |
| Deferred revenue | $188,531 |
| 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 | $408,452 |
| Net assets without donor restrictions | $1,078,917 |
| Net assets with donor restrictions | $14,075 |
| 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 | $1,501,444 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Womens Business Enterprise Center East has recieved totaling $145,206.
| Awarding Organization | Amount |
|---|---|
Womens Business Enterprise National Council Washington, DC PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $132,596 |
Cla Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT | $12,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |
Horizon Village Inc Sanborn, NY | $19,517,446 | $18,747,224 |
Evangelical Services For The Aging Warminster, PA | $27,952,324 | $19,280,063 |
Life At Lourdes Inc Pennsauken, NJ | $24,117,814 | $24,014,115 |
Applewood Centers Inc Shaker Heights, OH | $31,325,035 | $19,367,243 |
Avi Chai Foundation New York, NY | $417,433,923 | $38,425,354 |
50 Broadway Realty Corp New York, NY | $106,628,317 | $16,489,338 |
Bell Socialization Services Inc York, PA | $8,348,943 | $17,857,924 |
Truth For Life Solon, OH | $28,565,821 | $20,814,256 |
Robert Treat Academy Charter School Inc Newark, NJ | $3,987,701 | $14,176,967 |
Center For Community Alternatives Syracuse, NY | $5,921,893 | $12,987,614 |
Starbridge Services Inc Rochester, NY | $4,814,747 | $13,376,433 |