Association Of Womens Business Centers
- Assets
- $941.2k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 02/2003
- Data as of
- 12/2023
- 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 12/2023, Association Of Womens Business Centers employed 6 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 12/2023, Association Of Womens Business Centers generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 20.8% per year over the past 9 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 88 individual grants totaling $1,056,200. 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
2023
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
CAPACITY BUILDING: TO BUILD CAPACITY AND SUSTAINABILITY FOR WOMEN'S BUSINESS CENTERS AND WOMAN OWNED BUSINESSES TO SUPPORT ENTREPRENEURSHIP ACROSS THE UNITED STATES.
2023 LEADERSHIP CONFERENCE: ON JULY 24-26, THE 2023 AWBC ANNUAL LEADERSHIP CONFERENCE WAS HELD AT THE HYATT REGENCY WASHINGTON ON CAPITOL HILL IN WASHINGTON, DC. THE EVENT HOSTED A RECORD-BREAKING TOTAL OF 314 ATTENDEES REGISTERED - A NOTABLE INCREASE IN ATTENDEES FROM 2022. 91 PERCENT OF AWBC MEMBERS WERE PRESENT, REPRESENTING 132 TOTAL WBCS FROM A DIVERSE ARRAY OF GEOGRAPHIC AND CULTURAL BACKGROUNDS.THIS YEAR, THE LEADERSHIP CONFERENCE CELEBRATED THE 25TH ANNIVERSARY OF THE ASSOCIATION OF WOMEN'S BUSINESS CENTERS, AND THE 35TH ANNIVERSARY OF THE WBC PROGRAM AT SBA. THIS YEAR FOCUSED ON "WOMEN MOVING FORWARD, AND STARTED WITH A HISTORY PANEL FROM SOME OF THE FOUNDING MEMBERS OF AWBC. A COMPREHENSIVE CURRICULUM WAS EXECUTED THROUGH 25 MAINSTAGE SESSIONS, 22 BREAKOUTS, AND COMPLEMENTED WITH SEVERAL NETWORKING SESSIONS. THE CURRICULUM WAS CENTERED AROUND THE OVERALL CONFERENCE THEME OF MOVING WOMEN ENTREPRENEURS FORWARD. ALL SESSIONS WERE AIMED AT EMPOWERING WBC LEADERSHIP TO SOURCE DIVERSE CAPITAL MECHANISMS, AND COLLECTIVELY CREATE SUSTAINABLE FOUNDATIONS TO PREPARE FOR FUTURE DEVELOPMENTS. THE SPEAKER LINE-UP WAS A DIRECT RESULT OF WBCS REQUESTING MORE OPPORTUNITIES TO LEARN FROM THEIR PEERS - WHICH WAS MET WITH A STRONG FLOW OF POSITIVE FEEDBACK, AS SPEAKERS PRIMARILY CONSISTED OF WBC DIRECTORS, STAFF MEMBERS, THE SBA, AND PARTNERS. THE MAIN TOPICS COVERED INCLUDED ADVOCACY STRATEGIES, SUSTAINABLE PROGRAMMING, CULTIVATING EFFECTIVE PARTNERSHIPS, ENGAGING SUPPORTERS, MAXIMIZING RESOURCES, AND LEVERAGING IMPACT TO ACCESS FUNDING.
INCUMBENT WORKER TRAINING PROGRAM: PROGRAM PROVIDES PEOPLE 50 AND OLDER AN OPPORTUNITY TO INCREASE WAGES, RESPONSIBILITIES, AND MARKETABLE SKILLS TO SECURE JOB SECURITY. EMPLOYERS BENEFIT FROM REDUCED TRAINING COSTS, INCREASED EMPLOYEE PRODUCTIVITY AND HIGHER RETENTION RATES. PROVIDED UPSKILLING TRAINING FUNDS TO BUSINESSES EMPLOYEES AGE 50 AND OLDER, EARNING UP TO $16.00 AN HOUR WITH UP TO $2,000.00 IN TRAINING COSTS MAXIMUM PER FULLTIME EMPLOYEE WITH A COMMITMENT OF $2.00 PER HOUR WAGE INCREASE BY EMPLOYERS AFTER THE TRAINING IS COMPLETE. WITH AN ADDITIONAL $500.00 IN TRAINING DOLLARS AVAILABLE IF THE WAGE INCREASE IS HIGHER THAN $2.50 AN HOUR UPON COMPLETION OF THE TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Mccullough Chair | OfficerTrustee | 5 | $0 |
Nicole Liatos Vice Chair | OfficerTrustee | 5 | $0 |
Anne Flynn Schlicht Treasurer | OfficerTrustee | 5 | $0 |
Klassi Duncan Secretary, Chair Of Fund Development | OfficerTrustee | 5 | $0 |
Gwen Pokalo Hart Secretary | OfficerTrustee | 5 | $0 |
Diane Bevan Board Member - Until 06/2023 | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prism Strategy Strategic Communications | 12/30/23 | $160,521 |
Hyatt Regency Conference Venue | 12/30/23 | $244,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,564,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,661,995 |
| Total Program Service Revenue | $141,504 |
| Investment income | $1,048 |
| 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 | $1,804,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $493,486 |
| 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. | $231,529 |
| Compensation of current officers, directors, key employees. | $67,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,500 |
| Payroll taxes | $53,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,462 |
| Fees for services: Accounting | $35,291 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,062 |
| Advertising and promotion | $16,333 |
| Office expenses | $22,141 |
| Information technology | $4,954 |
| Royalties | $0 |
| Occupancy | $628 |
| Travel | $95,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $344,465 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,513 |
| Insurance | $3,658 |
| All other expenses | $13,004 |
| Total functional expenses | $1,762,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,475 |
| Savings and temporary cash investments | $101,048 |
| Pledges and grants receivable | $389,590 |
| 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 | $18,252 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,870 |
| Total assets | $941,235 |
| Accounts payable and accrued expenses | $85,089 |
| 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 | $33,382 |
| Total liabilities | $118,471 |
| Net assets without donor restrictions | $822,764 |
| 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 | $941,235 |
Grants Awarded
Over the last fiscal year, Association Of Womens Business Centers has awarded $398,576 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWESTERN COLLEGE FOUNDATION PURPOSE: ADVOCATE, CONNECT, ENGAGE EDUCATION SUB GRANTS; EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT | $35,000 |
ATLANTA INSTITUTE OF FINANCIAL MARKETS PURPOSE: UPSKILLING TRAINING SUBGRANT | $25,000 |
CDJJ ENTERPRISES LLC PURPOSE: UPSKILLING TRAINING SUBGRANT | $20,000 |
ROCKVILLE ECONOMIC DEVELOPMENT PURPOSE: EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT | $20,000 |
D RICHARDSON GROUP LLC PURPOSE: UPSKILLING TRAINING SUBGRANT | $25,000 |
CALIFORNIA STATE UNIVERSITY FRESNO FOUNDATION PURPOSE: EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT | $15,000 |