Womens Business Development Center Inc
- Assets
- $196.8k
- Revenue
- $632.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Miami, FL
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 65-0888472
Organization Overview
Womens Business Development Center Inc is located in Miami, FL. The organization was established in 1999. According to its NTEE Classification (J02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Employment and related organizations. As of 12/2021, Womens Business Development Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Business Development Center Inc 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, Womens Business Development Center Inc generated $632.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $631.1k during the year ending 12/2021. While expenses have increased by 6.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE BUSINESS TRAINING, TECHNICAL ASSITANCE, ACCESS TO FINANCING AND THE CERTIFICATION OF WOMEN-OWNED BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE BUSINESS TRAINING, TECHNICAL ASSISTANCE, ACCESS TO FINANCING AND THE CERTIFICATION OF WOMEN-OWNED ENTERPRISES, CORPORATE CLOSE-UPS, MEETINGS AND CURRENT INFORMATION PROVIDED THROUGH SOCIAL MEDIA SITES SUCH AS FACEBOOK, TWITTER, LINKED-IN AND YOU TUBE. ASSIST WITH MATCHMAKER MEETINGS, PARTICIPATE IN JOINT CONFERENCES AND NETWORKING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Allen President & CEO | Officer | 40 | $139,537 |
Sam Hines Chairman | OfficerTrustee | 1 | $0 |
Vickie Frazier Williams Vice Chair | OfficerTrustee | 1 | $0 |
Samine Jernigan Treasurer | OfficerTrustee | 1 | $0 |
Alyce Zahniser Secretary | OfficerTrustee | 1 | $0 |
Buffy A Butler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,646 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,447 |
| Total Program Service Revenue | $481,897 |
| Investment income | $54 |
| 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 | $632,398 |
| 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. | $139,224 |
| Compensation of current officers, directors, key employees. | $45,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,466 |
| Pension plan accruals and contributions | $7,953 |
| Other employee benefits | $34,914 |
| Payroll taxes | $25,995 |
| Fees for services: Management | $136,844 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,028 |
| Office expenses | $32,786 |
| Information technology | $6,171 |
| Royalties | $0 |
| Occupancy | $16,925 |
| Travel | $4,459 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169 |
| Insurance | $6,285 |
| All other expenses | $16,864 |
| Total functional expenses | $631,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,082 |
| Savings and temporary cash investments | $56,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,990 |
| 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 | $1,066 |
| 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 | $196,810 |
| Accounts payable and accrued expenses | $23,184 |
| 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 | $23,184 |
| Net assets without donor restrictions | $173,626 |
| 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 | $196,810 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Womens Business Development Center Inc has recieved totaling $80,212.
| Awarding Organization | Amount |
|---|---|
Womens Business Enterprise National Council Washington, DC PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $80,212 |
Peer Organizations
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|---|---|---|
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Goodwill Industries Manasota Inc Bradenton, FL | $57,505,873 | $74,670,264 |
Goodwill Industries Of Central Florida Inc Orlando, FL | $168,287,890 | $91,960,618 |
First Step Staffing Atlanta, GA | $23,617,123 | $68,640,248 |
Goodwill Industries Of Nw North Carolina Inc Winstonsalem, NC | $108,043,480 | $64,178,762 |
Goodwill Industries-Suncoast Inc St Petersburg, FL | $116,871,815 | $65,725,440 |
Goodwill Industries Of Middle Tennessee Inc Nashville, TN | $119,782,288 | $78,995,552 |
Retail Wholesale & Department Store International Union & Industry Birmingham, AL | $67,753,858 | $50,231,512 |
Gulfstream Goodwill Industries Inc West Palm Beach, FL | $26,735,282 | $55,365,171 |
Huntsville Rehabilitation Fdn Huntsville, AL | $48,186,650 | $49,417,267 |
Goodwill Industries Of Upstate Midlands South Carolina Inc Greenville, SC | $95,333,178 | $62,292,069 |
Goodwill Industries Of Middle Georgia Inc Macon, GA | $45,866,636 | $50,420,104 |