Womens Business Development Center

Organization Overview

Womens Business Development Center is located in Chicago, IL. The organization was established in 1987. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Womens Business Development Center employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Business Development Center 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 06/2021, Womens Business Development Center generated $38.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.9% each year . All expenses for the organization totaled $36.8m during the year ending 06/2021. While expenses have increased by 43.9% 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.

Since 2021, Womens Business Development Center has awarded 2,275 individual grants totaling $27,884,000. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT AND ACCELERATE BUSINESS DEVELOPMENT AND GROWTH, TARGETING WOMEN AND SERVING OTHER UNDERSERVED COMMUNITIES AND VETERANS, IN ORDER TO STRENGTHEN THEIR PARTICIPATION IN, AND IMPACT ON, THE ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ACCESS TO CAPITAL PROGRAM FOCUSES ON HELPING BUSINESS OWNERS DEVELOP A BETTER UNDERSTANDING OF THEIR BUSINESS FINANCES BY PROVIDING FINANCIAL ASSESSMENT AND COUNSELING, LOAN APPLICATION ASSISTANCE, AND DIRECT LENDING. THE WBDC WAS THE SUBRECIPIENT OF FEDERAL GRANTS. THE FUNDS WERE USED TO ADMINISTER SIX GOVERNMENT COVID-19 RELIEF PROGRAMS DURING FISCAL YEAR. APPROXIMATELY $30,000,000 WAS DISTRIBUTED TO GRANTEES AND PARTNERS. 1,117 PERSONS SERVED DURING FISCAL YEAR.


THE ESTABLISHED BUSINESS PROGRAM SERVES ESTABLISHED BUSINESSES WHO WOULD LIKE TO GROW THEIR BUSINESS AND BUILD CAPACITY. SERVICES INCLUDE WORKSHOPS, CERTIFICATION SERVICES, ASSISTANCE WITH CORPORATE AND GOVERNMENT CONTRACTING, AND BUSINESS ADVISING. 3,096 PERSONS SERVED DURING FISCAL YEAR.


THE EMERGING BUSINESS PROGRAM SERVES INDIVIDUALS WHO WANT TO START A BUSINESS OR ARE IN THE EARLY STAGES OF GROWING THEIR BUSINESS BY PROVIDING BUSINESS DEVELOPMENT COUNSELING AND WORKSHOPS. 2,429 PERSONS SERVED DURING FISCAL YEAR.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
J&j Exhibitors Service
Event Contractor
$132,956
Hoopla Communications
Event Productions
$130,550
Savorchicago At Mccormick Place
Catering Services
$109,019
Osher & Associates
Accounting Services
$122,345
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $34,327,989
All other contributions, gifts, grants, and similar amounts not included above$2,461,624
Noncash contributions included in lines 1a–1f $7,200
Total Revenue from Contributions, Gifts, Grants & Similar$36,789,613
Total Program Service Revenue$1,712,014
Investment income $2,598
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$12,092
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,492,133

Grants Awarded

Over the last fiscal year, Womens Business Development Center has awarded $27,884,000 in support to 2,275 organizations.

Grant RecipientAmount

AMY STARS FORTUNE INC

PURPOSE: SMALL BUSINESS ASSISTANCE GRANTS

$30,000

AMG RESTAURANT GROUP LLC

PURPOSE: SMALL BUSINESS ASSISTANCE GRANTS

$30,000

BRAZEN HEAD

PURPOSE: SMALL BUSINESS ASSISTANCE GRANTS

$30,000

C&S CHRISTOU CORPORATION

PURPOSE: SMALL BUSINESS ASSISTANCE GRANTS

$30,000

BURBANK STEAKERY INC

PURPOSE: SMALL BUSINESS ASSISTANCE GRANTS

$30,000

ACES CAFE

PURPOSE: SMALL BUSINESS ASSISTANCE GRANTS

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 21 grants that Womens Business Development Center has recieved totaling $1,189,203.

Awarding OrganizationAmount
Citi Foundation

New York, NY

PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE

$500,000
Womens Business Enterprise National Council

Washington, DC

PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK.

$184,979
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

$100,000
Dunham Foundation

Aurora, IL

PURPOSE: PROGRAM SUPPORT

$75,000
Coleman Foundation Inc

Chicago, IL

PURPOSE: ENTREPRENEURSHIP - GENERAL OPERATING SUPPORT

$62,500
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$50,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or