Womens Center For Entrepreneurship Corp
- Assets
- $350.6k
- Revenue
- $748.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Chatham, NJ
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-2627657
Organization Overview
Womens Center For Entrepreneurship Corp is located in Chatham, NJ. The organization was established in 2009. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Womens Center For Entrepreneurship Corp employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Center For Entrepreneurship Corp 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 Center For Entrepreneurship Corp generated $748.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $498.4k during the year ending 12/2021. While expenses have increased by 7.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNITED IN COMMON ORGANIZATION WOMEN IN NEW JERSEY PROFESSIONALLY ENGAGED IN BUSINESS. FORUMULATE, MAINTAIN, AND PROMOTE MUTUAL INTEREST OF WOMEN BUSINESS OWNERS, PROVIDE SUPPORT FOR WOMEN IN BUSINESS THROUGH EDUCATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JUNE 2021 WCEC PARTNERS WITH TWO AREA WOMEN'S BUSINESS CENTERS FOR AN EVENT ENTITLED FROM PANDEMIC TO PROGRESS - HOW SMALL BUSINESSES CAN PROSPER DURING COVID & BEYOND. THE EVENT FEATURED KEYNOTE ADDRESSES FROM US SENATOR BOOKER & GILLIBRAND AS WELL AS BY NATALIE MADEIRA COFIELD, ASSISTANT ADMINISTRATOR FOR THE SBA'S OFFICE OF WOMEN'S BUSINESS OWNERSHIP. OUR SPEAKERS PROVIDED EDUCATION ON MARKETING, FUNDING, CONTRACTING & DIVERSITY. WE HAD 55 PEOPLE IN ATTENDANCE, AND THE EVENT HELPED TO RAISE $16,500 IN SPONSORSHIP REVENUE TO SUPPORT OPERATIONS OF THE WCEC.
WE WERE AWARD AN ADDITIONAL GRANT FROM US SBA WHICH ALLOWED THE WCEC TO HIRE TWO ADDITIONAL EMPLOYEES: AN E-COMMERCE PROGRAM MANAGER & AN OUTREACH COORDINATOR. THIS AWARD ALLOWED WCEC TO DEVELOP A NEW ECOMMERCE PROGRAM AIMED AT ASSISTING BRICK & MORTAR BUSINESSES WHO HAD BEEN IMPACTED BY COVID TO PIVOT & INTRODUCE ECOMMERCE CAPABILITIES INTO THEIR BUSINESSES.
WCEC WAS SELECTED AS A SPOKE OF THE COMMUNITY NAVIGATOOR PILOT PROGRAM, WITH LISC NEWARK, AS THE HUB. THE COMMUNITY NAVIGATOR PILOT PROGRAM WAS LAUNCHED BY SBA IN 2021 IN ORDER TO HELP UNDERSERVED COMMUNITIES WITH FINANCIAL LITERACY AND ACCESS TO CAPITAL FOR THEIR BUSINESSES. THIS WAS A 2-YEAR AWARD.
PROMOTE, SUPPORT AND EDUCATE WOMEN ENTREPRENEURS
IN JUNE 2021 WCEC PARTNERS WITH TWO AREA WOMEN'S BUSINESS CENTERS FOR AN EVENT ENTITLED FROM PANDEMIC TO PROGRESS - HOW SMALL BUSINESSES CAN PROSPER DURING COVID & BEYOND. THE EVENT FEATURED KEYNOTE ADDRESSES FROM US SENATOR BOOKER & GILLIBRAND AS WELL AS BY NATALIE MADEIRA COFIELD, ASSISTANT ADMINISTRATOR FOR THE SBA'S OFFICE OF WOMEN'S BUSINESS OWNERSHIP. OUR SPEAKERS PROVIDED EDUCATION ON MARKETING, FUNDING, CONTRACTING & DIVERSITY. WE HAD 55 PEOPLE IN ATTENDANCE, AND THE EVENT HELPED TO RAISE $16,500 IN SPONSORSHIP REVENUE TO SUPPORT OPERATIONS OF THE WCEC.
WE WERE AWARD AN ADDITIONAL GRANT FROM US SBA WHICH ALLOWED THE WCEC TO HIRE TWO ADDITIONAL EMPLOYEES: AN E-COMMERCE PROGRAM MANAGER & AN OUTREACH COORDINATOR. THIS AWARD ALLOWED WCEC TO DEVELOP A NEW ECOMMERCE PROGRAM AIMED AT ASSISTING BRICK & MORTAR BUSINESSES WHO HAD BEEN IMPACTED BY COVID TO PIVOT & INTRODUCE ECOMMERCE CAPABILITIES INTO THEIR BUSINESSES.
WCEC WAS SELECTED AS A SPOKE OF THE COMMUNITY NAVIGATOOR PILOT PROGRAM, WITH LISC NEWARK, AS THE HUB. THE COMMUNITY NAVIGATOR PILOT PROGRAM WAS LAUNCHED BY SBA IN 2021 IN ORDER TO HELP UNDERSERVED COMMUNITIES WITH FINANCIAL LITERACY AND ACCESS TO CAPITAL FOR THEIR BUSINESSES. THIS WAS A 2-YEAR AWARD.
PROMOTE, SUPPORT AND EDUCATE WOMEN ENTREPRENEURS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rana Shanawani 227 Main St, Chatham, Nj 07928 | Officer | 40 | $77,731 |
Alyce Hackett 227 Main St, Chatham, Nj 07928 | OfficerTrustee | 1 | $0 |
Dyan Bryson 227 Main St, Chatham, Nj 07928 | OfficerTrustee | 1 | $0 |
Siobhain Towell 227 Main St, Chatham, Nj 07928 | OfficerTrustee | 1 | $0 |
Robin Tabakin 227 Main St, Chatham, Nj 07928 | Trustee | 1 | $0 |
Tania Shezad 227 Main St, Chatham, Nj 07928 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $486,982 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $737,915 |
| Total Program Service Revenue | $10,728 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $748,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,875 |
| 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. | $77,731 |
| Compensation of current officers, directors, key employees. | $13,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,289 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,415 |
| Payroll taxes | $25,465 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,737 |
| Advertising and promotion | $17,196 |
| Office expenses | $8,604 |
| Information technology | $6,242 |
| Royalties | $0 |
| Occupancy | $13,200 |
| Travel | $224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,551 |
| Interest | $941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,725 |
| Insurance | $2,866 |
| All other expenses | $5,292 |
| Total functional expenses | $498,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,533 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,141 |
| Total assets | $350,629 |
| Accounts payable and accrued expenses | $36,676 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $36,676 |
| Net assets without donor restrictions | $256,475 |
| Net assets with donor restrictions | $57,478 |
| 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 | $350,629 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Womens Center For Entrepreneurship Corp has recieved totaling $51,898.
| Awarding Organization | Amount |
|---|---|
Jay And Linda Grunin Foundation Inc Toms River, NJ PURPOSE: GROWTH VENTURE PROGRAM/CAPACITY SUP | $43,384 |
Junior League Of Summit Inc Summit, NJ PURPOSE: GENERAL OPERATIONS | $5,000 |
Provident Bank Foundation Inc Iselin, NJ PURPOSE: GENERAL OPERATING SUPPORT | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Pseg Foundation Inc Newark, NJ PURPOSE: CIVIC AND COMMUNITY | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interactive Advertising Bureau Inc New York, NY | $33,308,334 | $28,026,352 |
Fuller Road Management Corporation Albany, NY | $601,969,946 | $4,855,956 |
New Jersey Manufacturing Extension Program Inc Cedar Knolls, NJ | $4,230,314 | $10,190,309 |
Transcom Inc Jersey City, NJ | $11,032,327 | $10,545,984 |
Service Coordination Resources Inc Erie, PA | $0 | $3,464,640 |
New York City Industrial Technology Assistance Corporation New York, NY | $2,890,075 | $3,091,612 |
Metro Iaf Inc Jamaica, NY | $14,740,906 | $11,706,994 |
Long Island Builders Institute Inc Islandia, NY | $791,681 | $1,652,443 |
Callahan Management Training Center Inc Syracuse, NY | $786,025 | $1,731,889 |
Wireless Neighborhoods Pittsburgh, PA | $1,102,731 | $1,341,475 |
Builders Exchange Inc Rochester, NY | $3,756,209 | $1,721,485 |
Innovative Manufacturers Center Inc Williamsport, PA | $2,231,135 | $1,571,341 |