North Central Texas Womens Business Development Council Inc

Organization Overview

North Central Texas Womens Business Development Council Inc is located in Irving, TX. The organization was established in 1995. According to its NTEE Classification (R30) the organization is classified as: Intergroup & Race Relations, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, North Central Texas Womens Business Development Council Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Central Texas Womens Business Development Council 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, North Central Texas Womens Business Development Council Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE A MEANS FOR IDENTIFYING AND ASSISTING WOMEN-OWNED BUSINESSES TO COMPETE EFFECTIVELY IN THE BUSINESS WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MISSION OF THE WOMEN'S BUSINESS COUNCIL - SOUTHWEST (WBCS)) IS TO FACILITATE MUTUALLY BENEFICIAL PROCUREMENT OPPORTUNITIES AMONG WOMEN'S BUSINESS ENTERPRISES (WBE) AND SUSTAINING CORPORATE MEMBERS. THE WBCS PROUDLY SERVES A FOUR STATE REGION INCLUDING THE NORTHERN HALF OF TEXAS, ARKANSAS, NEW MEXICO, AND OKLAHOMA.IN AN EFFORT TO REALIZE THE MISSION OF WBCS, FOUR FOUNDATIONAL COMPONENTS AID IN ACHIEVING OUR SUCCESS: CERTIFICATION, PROCUREMENT, EDUCATION, AND NETWORKING.THE MEMBERSHIP OF THE WBCS INCLUDES 82 SUSTAINING CORPORATE MEMBERS AND 1,249 WOMEN BUSINESS ENTERPRISE (WBE) MEMBERS. WBCS ADMINISTERS THE FOLLOWING CERTIFICATION FOR OUR WBE CONSTITUENTS:WOMEN'S BUSINESS ENTERPRISE NATIONAL CERTIFICATION (WBENC)WOMEN OWNED SMALL BUSINESS CERTIFICATION FOR THE FEDERAL GOVERNMENTSTATE OF TEXAS HISTORICALLY UNDERUTILIZED BUSINESS CERTIFICATIONSMALL BUSINESS ENTERPRISE CERTIFICATION FOR USE BY DFW INT'L AIRPORTTHE SIGNATURE EVENTS OF THE WBCS INCLUDE: PARADE OF STARS AWARDS GALA: THE COUNCIL RECOGNIZES AND CELEBRATES EXEMPLARY CORPORATE AND WBE MEMBERS AT THIS ELEGANT EVENT FEATURING NETWORKING, DINNER, AND AWARDS.HARVESTING PARTNERSHIPS: OUR PROCUREMENT AND EDUCATIONAL WORKSHOP FEATURES PANEL DISCUSSIONS AND SEMINARS ON ISSUES OF INTEREST TO COUNCIL MEMBERS.CONNECTION TO CONTRACTS: COMBINING THE MOST POPULAR ELEMENTS OF FORMER WBCS EVENTS - POWER TO POTENTIAL, EXECUTIVE INSIGHTS,AND BUSINESS WORKS EXPO, THIS INAUGURAL PROCUREMENT EVENT FEATURES CORPORATE ROUNDTABLE SESSIONS, A C-SUITE EXECUTIVE KEYNOTE LUNCHEON AND "PRIME TIME" SESSIONS LED BY SUSTAINING (CORPORATE) MEMBERS AND THEIR TIRE 1 SUPPLIERS. WBCS EDUCATIONAL INITIATIVES INCLUDE:DFW AREA TABLE TOPICS LUNCHEONS - MONTHLYWBCS CONDUCTS MODEL PROGRAMS THAT ADVANCE ITS MISSION AND PROVIDE ADDED VALUE FOR THE MEMBERS, INCLUDING:DONE DEALS - ADVERTISING THE BUSINESS DONE BETWEEN MEMBERS OF THE WBCS AND REPORTING THE AGGREGATE DOLLAR AMOUNT OF WBE BUSINESS REPORTED FROM THE MEMBERSHIP. $9,413,734,033 WAS REPORTED IN 2020.LILLIE KNOX INVESTING FOR GROWTH - A CASH AWARD OF UP TO $20,000 IS PRESENTED TO ELIGIBLE WBES THROUGH AN ANNUAL APPLICATION AND JUDGING PROCESS. THE AWARD IS DESIGNED TO ASSIST WBE MEMBERS IN TAKING THEIR BUSINESS TO THE NEXT LEVEL OF PERFORMANCE AND SUCCESS. A TOTAL OF $33,000 WAS AWARDED TO THREE RECIPIENTS IN 2020.CORPORATE SCORECARD - ANNUAL REPORTING OUT TO CORPORATE MEMBERS ON THEIR SPECIFIC PARTICIPATION IN WBCS EVENTS AND THE VALUE AND RECOGNITION RECEIVED FOR THEIR PARTICIPATION.AUSTIN SATELLITE OFFICE - PROVIDING QUARTERLY EDUCATIONAL AND PROCUREMENT PROGRAMMING FOR MEMBERS IN THE AUSTIN AREA INCLUDING WOMEN OWNED WEDNESDAYS (INFORMATIONAL AND EDUCATIONAL PROGRAM), AUSTIN INSIGHTS (KEYNOTE PRESENTATION AND NETWORKING), AND CONNECTIONS TO CONTRACTS - AUSTIN (A VERSION OF THE DFW CONNECTIONS TO CONTRACTS ABOVE).WBCS CONDUCTS PROGRAMMING FOR SEGMENTS OF THE MEMBERSHIP THAT SUPPORTS COMMUNITY AND ENGAGEMENT, I.E. WBES OF COLOR, AND NEXT GENERATION WBES.WBCS CONVERSES WITH OTHERS THROUGH THE FOLLOWING OUTLETS:FACEBOOK.COM/WBCSOUTHWESTTWITTER.COM/WBCSOUTHWEST LINKEDIN.COM/COMPANY/WOMEN'S-BUSINESS-COUNCIL-SOUTHWESTYOUTUBE.COM/WBCSOUTHWESTWWW.WBCSOUTHWEST.ORG


THROUGH THE LILLIE KNOX INVESTING FOR GROWTH FUND, SCHOLARSHIPS ARE AWARDED EACH YEAR TO SELECT COUNCIL MEMBERS TO FUND GROWTH INITIATIVES FOR THE BUSINESSES. THE MAXIMUM AVAILABLE IS $20,000 PER RECIPIENT. THE AWARD IS BASED UPON THE SUCCESS OF THE APPLICANT IN DESCRIBING SPECIFICALLY WHAT THEY NEED, THE VALUE OF THE GOODS OR SERVICES THEY PROVIDE, AND HOW THEY WILL UTILIZE THE AWARD TO ADVANCE THEIR BUSINESS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$681,951
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$230,053
Noncash contributions included in lines 1a–1f $38,879
Total Revenue from Contributions, Gifts, Grants & Similar$912,004
Total Program Service Revenue$533,863
Investment income $11,487
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 $1,457,354

Grants Awarded

Over the last fiscal year, North Central Texas Womens Business Development Council Inc has awarded $41,000 in support to 5 organizations.

Grant RecipientAmount

STAR WELLNESS STE 1

PURPOSE: To fund growth initiatives

$10,000

FIREMANS PAVING CONTRACTORS

PURPOSE: To fund growth initiatives

$9,650

GIFTING WITH SOL

PURPOSE: To fund growth initiatives

$8,850

ALC STAFFING A LA CARTE CAT

PURPOSE: To fund growth initiatives

$6,500

YUMMY LIFE NATURALS LLC

PURPOSE: To fund growth initiatives

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that North Central Texas Womens Business Development Council Inc has recieved totaling $118,558.

Awarding OrganizationAmount
Womens Business Enterprise National Council

Washington, DC

PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK.

$108,816
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$9,742
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,076
Net Contributions$29,675
Other Expense$33,000
Ending Balance$1,751

Create an account to unlock the data you need.

or