Womens Business Development Center Inc
- Assets
- $420.5k
- Revenue
- $842.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Miami, FL
- Founding
- 04/1999
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Womens Business Development Center Inc generated $842.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $712.6k during the year ending 12/2023. While expenses have increased by 6.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 | $178,478 |
Terri Hall Chair | OfficerTrustee | 1 | $0 |
Buffy A Butler Vice Chair | OfficerTrustee | 1 | $0 |
Samine Jernigan Treasurer | OfficerTrustee | 1 | $0 |
Allen Hall Secretary | OfficerTrustee | 1 | $0 |
Sam Hines Past Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,381 |
| Total Program Service Revenue | $648,491 |
| Investment income | $44 |
| 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 | $842,916 |
| 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. | $187,639 |
| Compensation of current officers, directors, key employees. | $18,764 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,501 |
| Pension plan accruals and contributions | $35,429 |
| Other employee benefits | $19,151 |
| Payroll taxes | $30,854 |
| Fees for services: Management | $102,197 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52,641 |
| Office expenses | $30,206 |
| Information technology | $8,421 |
| Royalties | $0 |
| Occupancy | $5,702 |
| Travel | $31,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,934 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,497 |
| All other expenses | $22,594 |
| Total functional expenses | $712,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,806 |
| Savings and temporary cash investments | $56,323 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,000 |
| 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 | $1,391 |
| 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 | $420,520 |
| Accounts payable and accrued expenses | $8,045 |
| Grants payable | $0 |
| Deferred revenue | $98,334 |
| 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 | $106,379 |
| Net assets without donor restrictions | $314,141 |
| 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 | $420,520 |