Womens Business Enterprise National Council
- Assets
- $15.1m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Washington, DC
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 52-2023392
Organization Overview
Womens Business Enterprise National Council, operating under the name Wbenc, is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (R24) the organization is classified as: Womens Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, Wbenc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wbenc 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 12/2022, Wbenc generated $15.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $13.4m during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 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 2014, Wbenc has awarded 126 individual grants totaling $16,580,817. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WBENC'S MISSION IS TO FUEL ECONOMIC GROWTH GLOBALLY BY IDENTIFYING, CERTIFYING, AND FACILITATING THE DEVELOPMENT OF WOMEN-OWNED BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS - EVENTS IS COMPRISED OF TWO ANNUAL, IN-PERSON CONFERENCES. THE NATIONAL CONFERENCE, WBENC'S SIGNATURE EVENT, IS THE LARGEST CONFERENCE OF ITS KIND FOR WOMEN BUSINESS OWNERS, WELCOMING THOUSANDS OF WOMEN ENTREPRENEURS AND CORPORATE EXECUTIVES READY TO MAKE CONNECTIONS AND DO BUSINESS. THE 2022 CONFERENCE WAS HELD IN ATLANTA, GA AND INCLUDED APPROXIMATELY 3,600 ATTENDEES. THE NOVEMBER EVENT IS A SMALLER, INVITE-ONLY CONFERENCE. IT INCLUDES THREE DAYS OF CUSTOMIZED PROGRAMMING, MEANINGFUL CONNECTIONS, AND A LIVE PRESENTATION OF THE WBENCPITCH COMPETITION FINAL ROUND. IN 2022, THE NOVEMBER EVENT WAS HELD IN WASHINGTON, D.C. AND INCLUDED APPROXIMATELY 250 ATTENDEES.
CERTIFICATION - THE FOUNDATION OF WBENC'S MISSION IS TO PROVIDE WOMEN-OWNED BUSINESS CERTIFICATION SERVICES TO WOMEN'S BUSINESS ENTERPRISES (WBES). CERTIFICATION AUDITS VET WHETHER OR NOT WBES MEET THE STANDARDS OF BEING AT LEAST 51% OWNED, OPERATED, AND CONTROLLED BY A WOMAN OR WOMEN. IN ADDITION TO THE PERFORMANCE OF CERTIFICATION SERVICES, WBENC PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES TO CERTIFIED WBES.
MEMBERSHIP - WBENC'S CORPORATE MEMBERSHIP BASE CONSISTS OF LARGE COMPANIES THAT SEEK TO DIVERSIFY THEIR SUPPLY CHAINS THROUGH INCLUSION OF CERTIFIED WOMEN-OWNED BUSINESSES. CORPORATE MEMBERS RECEIVE ACCESS TO WBENC'S DATABASE OF 16,000+ CERTIFIED WOMEN-OWNED BUSINESSES AND THEY MAY USE THIS DATABASE TO SEARCH FOR POTENTIAL SUPPLIERS. IN ADDITION, WBENC FACILITATES NETWORKING OPPORTUNITIES TO CONNECT CORPORATE MEMBERS TO CERTIFIED WBES AND PROVIDES EDUCATIONAL OPPORTUNITIES AIMED AT ASSISTING CORPORATE MEMBERS WITH THE DEVELOPMENT AND GROWTH OF THEIR SUPPLIER DIVERSITY INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Prince-Eason President & CEO | OfficerTrustee | 40 | $454,200 |
Nedra Dickson Director | Trustee | 1 | $0 |
Cheryl Harris Director | Trustee | 1 | $0 |
Carla Preston Director | Trustee | 1 | $0 |
Jalayna Bolden Director | Trustee | 1 | $0 |
Kimberly Thornton Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hargrove Llc | 12/30/22 | $1,555,403 |
Jack I Bender & Sons Property Management Services | 12/30/22 | $397,874 |
Restaurant Associates | 12/30/22 | $236,205 |
Niche Marketing Inc | 12/30/22 | $226,800 |
Levy Restaurants | 12/30/22 | $742,921 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $485,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,299,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,784,839 |
| Total Program Service Revenue | $12,291,574 |
| Investment income | $1,051 |
| 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 | $15,077,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,351,300 |
| Grants and other assistance to domestic individuals. | $287,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,861,932 |
| Compensation of current officers, directors, key employees. | $450,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,315,694 |
| Pension plan accruals and contributions | $165,331 |
| Other employee benefits | $519,052 |
| Payroll taxes | $407,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,017 |
| Fees for services: Accounting | $40,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $301,636 |
| Advertising and promotion | $0 |
| Office expenses | $215,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $369,139 |
| Travel | $196,954 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,963,776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,323 |
| Insurance | $10,793 |
| All other expenses | $0 |
| Total functional expenses | $13,391,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,987,049 |
| Savings and temporary cash investments | $2,063,869 |
| Pledges and grants receivable | $229,000 |
| Accounts receivable, net | $1,904,520 |
| 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 | $1,025,704 |
| Net Land, buildings, and equipment | $80,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $841,183 |
| Total assets | $15,131,749 |
| Accounts payable and accrued expenses | $1,928,142 |
| Grants payable | $0 |
| Deferred revenue | $3,912,294 |
| 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 | $473,669 |
| Total liabilities | $6,314,105 |
| Net assets without donor restrictions | $5,837,202 |
| Net assets with donor restrictions | $2,980,442 |
| 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 | $15,131,749 |
Grants Awarded
Over the last fiscal year, Womens Business Enterprise National Council has awarded $2,348,230 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR WOMEN & ENTERPRISE PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $90,393 |
GREAT LAKES WOMEN'S BUSINESS COUNCIL PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $163,731 |
GREATER WOMEN'S BUSINESS COUNCIL PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $302,422 |
WOMEN'S BUSINESS COUNCIL SOUTHWEST PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $147,448 |
WOMEN'S BUSINESS DEVELOPMENT CENTER MIDWEST PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $261,401 |
WOMEN'S BUSINESS ENTERPRISE CENTER EAST PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $184,679 |