Association Of Womens Business Centers
- Assets
- $509.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 37-1771308
Organization Overview
Association Of Womens Business Centers is located in Washington, DC. The organization was established in 2003. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. As of 12/2021, Association Of Womens Business Centers employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Womens Business Centers 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, Association Of Womens Business Centers generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $980.5k during the year ending 12/2021. While expenses have increased by 17.2% 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, Association Of Womens Business Centers has awarded 31 individual grants totaling $323,622. 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
EDUCATION FOR SERVICE PROVIDERS TO WOMAN ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TRAINING FOR SERVICE PROVIDERS TO WOMEN ENTREPRENEURS. AWBC HELD MULTIPLE TRAINING SESSIONS FOR MORE THAN 100 WOMEN'S BUSINESS CENTERS IN ADDITION TO THE 2021 VIRTUAL LEADERSHIP CONFERENCE WHICH SERVED MORE THAN 120 WOMEN'S BUSINESS CENTERS. ADDITIONALLY, NETWORKING AND OPEN FORUM SESSIONS WERE HOSTED AND PROVIDED MUCH NEEDED OPPORTUNITIES FOR BEST PRACTICES SHARING AND MENTORSHIP. AWBC REPORTED 100% RATE OF AFFILIATION AMONG THE WOMEN'S BUSINESS CENTERS RECEIVING SBA GRANT FUNDING FROM THE OFFICE OF WOMEN'S BUSINESS OWNERSHIP.
ADVOCACY, SHARING THE MESSAGE OF THE WORK WBCS DO AND THE IMPACT ON WOMEN OWNED BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corinne Hodges CEO | Officer | 40 | $157,200 |
Amy Bunton Chair | OfficerTrustee | 20 | $0 |
Gwen Pokalo Secretary | OfficerTrustee | 5 | $0 |
Anne Flynn Schlicht Treasurer | OfficerTrustee | 5 | $0 |
Ann Madsen Vc, Governance Committee Chair | Trustee | 5 | $0 |
Ingrid Marielos Marthy Vc, Ext Aff & Outreach Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,680 |
| All other contributions, gifts, grants, and similar amounts not included above | $937,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $995,764 |
| Total Program Service Revenue | $229,680 |
| 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 | $1,225,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $389,829 |
| 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. | $157,200 |
| Compensation of current officers, directors, key employees. | $31,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,448 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,000 |
| Payroll taxes | $17,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,453 |
| Fees for services: Accounting | $21,867 |
| Fees for services: Lobbying | $14,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,467 |
| Advertising and promotion | $0 |
| Office expenses | $21,647 |
| Information technology | $8,626 |
| Royalties | $0 |
| Occupancy | $12,520 |
| Travel | $6,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,420 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,189 |
| All other expenses | $0 |
| Total functional expenses | $980,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,629 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $68,876 |
| 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 | $75 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $509,580 |
| Accounts payable and accrued expenses | $45,160 |
| 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 | $45,160 |
| Net assets without donor restrictions | $464,420 |
| Net assets with donor restrictions | $0 |
| 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 | $509,580 |
Grants Awarded
Over the last fiscal year, Association Of Womens Business Centers has awarded $303,942 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
PIZZA BAZAAR PURPOSE: GENERAL SUPPORT | $21,080 |
THE SLAM STAND PURPOSE: GENERAL SUPPORT | $18,720 |
TAURA TALBERT-SALTER PURPOSE: GENERAL SUPPORT | $18,000 |
Albuquerque, NM PURPOSE: GENERAL SUPPORT | $16,200 |
Houston, TX PURPOSE: GENERAL SUPPORT | $15,200 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $15,200 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Association Of Womens Business Centers has recieved totaling $282,045.
| Awarding Organization | Amount |
|---|---|
Association Of Small Business Development Centers Burke, VA PURPOSE: CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS. | $127,045 |
Dutch Bros Foundation Grants Pass, OR PURPOSE: TO SECURE ECONOMIC JUSTICE AND ENTREPRENEURIAL OPPORTUNITIES FOR WOMEN | $125,000 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR THE AWBC LEADERSHIP CONFERENCE 2021, THE POWER OF WOMEN: CHANGING THE WORLD, ONE WOMAN, ONE BUSINESS AT A TIME, NOVEMBER 3-5, 2021 TO BE HELD VIRTUALLY. 202108-11186 | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society For Training And Development Alexandria, VA | $53,914,521 | $50,560,352 |
National Music Publishers Assn Inc Washington, DC | $25,614,818 | $15,783,799 |
American Investment Council Washington, DC | $10,621,269 | $18,334,607 |
American Occupational Therapy Association Inc North Bethesda, MD | $36,395,415 | $20,998,534 |
American Staffing Association Alexandria, VA | $16,340,817 | $11,976,262 |
The Corps Network Washington, DC | $4,228,132 | $9,184,608 |
Springboard 2000 Enterprises Inc Mclean, VA | $1,407,030 | $2,082,729 |
Ase Education Foundation Leesburg, VA | $2,866,454 | $1,820,182 |
Employee Assistance Professionals Association Inc Arlington, VA | $935,810 | $1,325,108 |
Women Business Collaborative Washington, DC | $1,109,643 | $1,583,362 |
Association Of Womens Business Centers Washington, DC | $509,580 | $1,225,444 |
Employee Activity Association Inc McLEAN, VA | $591,204 | $1,047,342 |