Womens Center For Entrepreneurship Corp
- Assets
- $373.5k
- Revenue
- $572.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Chatham, NJ
- Founding
- 05/2009
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Womens Center For Entrepreneurship Corp generated $572.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $560.1k during the year ending 12/2023. While expenses have increased by 13.9% per year over the past 6 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
UNITED IN COMMON ORGANIZATION WOMEN IN NEW JERSEY PROFESSIONALLY ENGAGED IN BUSINESS, FORMULATE, MANTAIN, AND PROMOTE MUTUAL INTEREST OF WOMEN BUSINESS OWNERS, PROVIDE SUPPORT FOR WOMEN IN BUSINESS THROUGH EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
WCEC PRESENTED 191 TRAINING SESSIONS AND 608 HOURS OF ONE-ON-ONE BUSINESS COACHING TO 1,186 TOTAL CLIENTS AND HELPED ITS CLIENTS RAISE $108,274 IN GRANTS AND LOANS TO HELP THEM START OR GROW THEIR BUSINESSES.
WCEC RECEIVED AN AWARD FROM THE NJ DEPARTMENT OF CORRECTIONS AND DEVELOPED A PROGRAM TO DELIVER ENTREPRENEURSHIP EDUCATION TO COURT INVOLVED WOMEN IN THE EDNA MAHAN CORRECTIONAL FACILITY OR THOSE WHO HAVE RECENTLY BEEN RELEASED FROM PRISON.
WCEC CONDUCTED AN ANNUAL STATE OF WOMEN BUSINESS OWNERS VIRTUAL EVENT WITH A KEYNOTE SPEECH BY GOVERNOR PHIL MURPHY AND PRESENTATIONS ON DIGITAL MARKETING AND GRANTS AND LOANS FOR YOUR BUSINESS TO 110 CLIENTS. THIS EVENT ALLOWED THE ORGANIZATION TO RAISE SPONSORSHIP FUNDING WHICH THE ORGANIZATION WAS ABLE TO REINVEST INTO ITS PROGRAM DELIVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Berg Tabakin President | OfficerTrustee | 1 | $0 |
Noel Ruggiero Treasurer | Trustee | 1 | $0 |
Tomas Porturas Board Member | Trustee | 1 | $0 |
Siobhan Towell Secretary | OfficerTrustee | 1 | $0 |
Forough Gharamani Board Member | Trustee | 1 | $0 |
Judith Sheft Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,500 |
| Related organizations | $0 |
| Government grants | $416,006 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,582 |
| Noncash contributions included in lines 1a–1f | $38,858 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,088 |
| Total Program Service Revenue | $16,457 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $572,545 |
| 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. | $80,098 |
| Compensation of current officers, directors, key employees. | $8,010 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,226 |
| Payroll taxes | $27,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,700 |
| Fees for services: Investment Management | $5,250 |
| Fees for services: Other | $34,244 |
| Advertising and promotion | $3,028 |
| Office expenses | $10,445 |
| Information technology | $6,921 |
| Royalties | $0 |
| Occupancy | $19,092 |
| Travel | $9,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,264 |
| Interest | $3,401 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,423 |
| Insurance | $3,200 |
| All other expenses | $0 |
| Total functional expenses | $560,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,955 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $99,689 |
| Accounts receivable, net | $163 |
| 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 | $4,224 |
| Net Land, buildings, and equipment | $4,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,885 |
| Total assets | $373,538 |
| Accounts payable and accrued expenses | $13,556 |
| 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 | $52,597 |
| Total liabilities | $66,153 |
| Net assets without donor restrictions | $183,207 |
| Net assets with donor restrictions | $124,178 |
| 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 | $373,538 |