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Nonprofiteer
← WOMENS ENTERPRISE DEVELOPMENT CENTER INC

Form 990 for tax year 2022

Filed by WOMENS ENTERPRISE DEVELOPMENT CENTER INC.

Totals

Total revenue
$1,781,258
Total expenses
$1,569,016
Contributions and grants received
$1,603,745
Grants paid
$0
Program service revenue
$178,866
Investment income
$94
Other revenue
-$1,447
Total assets, end of year
$1,838,406
Total liabilities, end of year
$268,117
Net assets or fund balances, end of year
$1,570,289
Program services expenses (Part IX)
$1,298,108
Management and general expenses
$213,721
Fundraising expenses
$57,187
Program service expenses (Part III)
$1,298,108

Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $47,526

  • 1e · Government grants (contributions)

    $1,207,297

  • 1f · All other contributions, gifts and grants

    $348,922

  • 2a · Program service revenue: PROGRAM FEES

    total $178,866 · related or exempt $178,866

  • 3 · Investment income

    total $94 · excluded $94

  • 6a · Gross rents

    real property $6,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $6,000

  • 6d · Net rental income or loss

    total $6,000 · excluded $6,000

  • 8a · Fundraising events: gross income

    $10,131

  • 8a · Fundraising events: contributions included on line 1c

    $47,526

  • 8b · Fundraising events: direct expenses

    $19,484

  • 8c · Net income from fundraising events

    total -$9,353 · excluded -$9,353

  • 11a · Other revenue: OTHER REVENUE

    total $1,906 · excluded $1,906

  • 11e · Other revenue, total

    $1,906

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $126,000 · program services $100,800 · management and general $18,900 · fundraising $6,300

  • 7 · Other salaries and wages

    total $758,208 · program services $606,566 · management and general $113,731 · fundraising $37,911

  • 9 · Other employee benefits

    total $24,747 · program services $19,798 · management and general $3,712 · fundraising $1,237

  • 10 · Payroll taxes

    total $76,181 · program services $60,945 · management and general $11,427 · fundraising $3,809

  • 11c · Fees: accounting

    total $20,500 · management and general $20,500

  • 11g · Fees: other

    total $393,290 · program services $373,271 · management and general $20,019

  • 12 · Advertising and promotion

    total $1,152 · program services $1,152

  • 13 · Office expenses

    total $31,245 · program services $24,996 · management and general $4,709 · fundraising $1,540

  • 14 · Information technology

    total $69,075 · program services $55,260 · management and general $10,361 · fundraising $3,454

  • 16 · Occupancy

    total $44,691 · program services $35,753 · management and general $6,703 · fundraising $2,235

  • 22 · Depreciation, depletion and amortization

    total $11,361 · program services $9,089 · management and general $1,704 · fundraising $568

  • 23 · Insurance

    total $7,778 · program services $6,222 · management and general $1,556

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $2,662 · program services $2,130 · management and general $399 · fundraising $133

  • 24b · Other expenses: PRINTING & PUBLICATIONS

    total $1,826 · program services $1,826

  • 24c · Other expenses: OTHER FEES

    total $300 · program services $300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,296 · end of year $225,638

  • 2 · Savings and temporary cash investments

    beginning of year $373,336 · end of year $169,831

  • 3 · Pledges and grants receivable

    beginning of year $916,602 · end of year $1,110,973

  • 4 · Accounts receivable

    beginning of year $9,750 · end of year $69,728

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,693 · end of year $20,677

  • 10a · Land, buildings and equipment: cost or other basis

    $73,913

  • 10b · Land, buildings and equipment: accumulated depreciation

    $47,739

  • 10c · Land, buildings and equipment, net

    beginning of year $37,535 · end of year $26,174

  • 15 · Other assets

    beginning of year $6,663 · end of year $215,385

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,744 · end of year $54,889

  • 19 · Deferred revenue

    beginning of year $85,084

  • 25 · Other liabilities

    beginning of year $0 · end of year $213,228

  • 27 · Net assets without donor restrictions

    beginning of year $1,314,047 · end of year $1,507,069

  • 28 · Net assets with donor restrictions

    beginning of year $44,000 · end of year $63,220

Mission and programs · 2022

Mission

THE WOMEN'S ENTERPRISE DEVELOPMENT CENTER (WEDC) EMPOWERS ENTREPRENEURS TO BUILD SUCCESSFUL BUSINESSES BY PROVIDING HIGH QUALITY TRAINING PROGRAMS, ADVISORY SERVICES, AND ACCESS TO CAPITAL TO GENERATE ECONOMIC GROWTH IN WESTCHESTER COUNTY AND THE HUDSON VALLEY.

Activities or mission (Part I)

SEE DETAILED STATEMENT OF PROGRAM SERVICE ACTIVITIES ON SCHEDULE O; SEE ALSO PART III

  • WEDC PROVIDES TRAINING, ADVISORY SERVICES, AND ACCESS TO CAPITAL FOR WOMEN ENTREPRENEURS THROUGHOUT WESTCHESTER COUNTY AND THE LOWER AND MID-HUDSON VALLEY. THROUGHOUT THE PANDEMIC, WEDC HAS RESPONDED QUICKLY TO MEET THE NEEDS OF SMALL BUSINESS OWNERS BY CONDUCTING TRAINING PROGRAMS AND COUNSELING SESSIONS VIRTUALLY. THESE SERVICES INCLUDED A FOCUS ON HELPING CLIENTS ACCESS FUNDING FROM THE SMALL BUSINESS ADMINISTRATION FOR THE PAYCHECK PROTECTION AND ECONOMIC INDUSTRY DISASTER LOAN PROGRAMS. WEDC HAS ALSO ASSISTED CLIENTS IN NEED OF RETHINKING THEIR BUSINESS MODELS. DURING 2022, WEDC SERVED 619 UNIQUE SPANISH-SPEAKING CLIENTS AND 610 UNIQUE ENGLISH-SPEAKING CLIENTS. SEE ALSO SCHEDULE O EXTENSIONS FOR PART I, LINE 1 AND PART III, LINE 4A. IN ADDITION, WEDC SUBMITTED 11 MWBE APPLICATIONS, OFFERED 98 TRAINING SESSIONS, PROVIDED MORE THAN 1,000 HOURS OF TECHNICAL ASSISTANCE, AND SUBMITTED 159 COVID RESPONSIVE FUNDING SUBMISSIONS. WEDC SERVES BOTH WOMEN AND MEN, AND ITS SERVICES ARE AVAILABLE TO ALL POPULATION GROUPS, WITH THOSE SERVED BEING MAINLY CAUCASIAN, LATINO/HISPANIC, AND AFRICAN AMERICAN.

    Expenses $1,298,108 · Revenue $178,866

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barbara Van Bergen

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Rita Ramirez

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Stephen Chase

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jacqueline J Warner Esq

    SECRETARY/DIRECTOR THROUGH MAY 2022

    Total calculated
    $0
    Hours/week
    3

  • Edward A Morgan Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Karen A Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Toni Ann Rufeh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Redina Hembree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Kessler

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Carolyn B Mandelker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ginger Siegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Tretler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Melinda A White

    DIRECTOR THROUGH OCTOBER 2022

    Total calculated
    $0
    Hours/week
    1

  • Amanda Hack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chelen Reyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nikki Hahn

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202343149349302074

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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