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← GREAT LAKES WOMENS BUSINESS COUNCIL

Form 990 for tax year 2022

Filed by GREAT LAKES WOMENS BUSINESS COUNCIL.

Totals

Total revenue
$4,090,105
Total expenses
$3,471,086
Contributions and grants received
$3,009,952
Grants paid
$99,500
Program service revenue
$1,076,422
Investment income
$3,731
Other revenue
$0
Total assets, end of year
$5,378,056
Total liabilities, end of year
$2,396,971
Net assets or fund balances, end of year
$2,981,085
Program services expenses (Part IX)
$2,718,584
Management and general expenses
$672,176
Fundraising expenses
$80,326
Program service expenses (Part III)
$2,718,584

Program services were 78.3% 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.

  • 1b · Membership dues

    $161,250

  • 1e · Government grants (contributions)

    $1,786,004

  • 1f · All other contributions, gifts and grants

    $1,062,698

  • 2a · Program service revenue: WOMENS BUS. CERTIFICAT

    total $776,700 · related or exempt $776,700

  • 2b · Program service revenue: PROGRAM SERVICE FEES

    total $174,102 · related or exempt $174,102

  • 2c · Program service revenue: LOAN PORTFOLIO INTERES

    total $74,870 · related or exempt $74,870

  • 2d · Program service revenue: WORKSHOPS & BUS. DEV C

    total $35,875 · related or exempt $35,875

  • 2e · Program service revenue: LOAN PROCESSING AND PR

    total $14,875 · related or exempt $14,875

  • 3 · Investment income

    total $3,731 · excluded $3,731

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $99,500 · program services $99,500

  • 5 · Compensation of officers, directors and key employees

    total $264,484 · program services $121,856 · management and general $66,654 · fundraising $75,974

  • 7 · Other salaries and wages

    total $1,389,586 · program services $1,306,296 · management and general $83,290

  • 8 · Pension plan contributions

    total $59,050 · program services $44,986 · management and general $14,064

  • 9 · Other employee benefits

    total $145,947 · program services $130,147 · management and general $15,644 · fundraising $156

  • 10 · Payroll taxes

    total $125,118 · program services $112,452 · management and general $8,470 · fundraising $4,196

  • 11b · Fees: legal

    total $17,171 · management and general $17,171

  • 11c · Fees: accounting

    total $125,938 · management and general $125,938

  • 11g · Fees: other

    total $376,056 · program services $313,814 · management and general $62,242

  • 12 · Advertising and promotion

    total $3,772 · management and general $3,772

  • 13 · Office expenses

    total $159,950 · program services $97,695 · management and general $62,255

  • 16 · Occupancy

    total $114,831 · program services $90,978 · management and general $23,853

  • 17 · Travel

    total $85,717 · program services $71,053 · management and general $14,664

  • 19 · Conferences, conventions and meetings

    total $146,493 · program services $128,290 · management and general $18,203

  • 20 · Interest

    total $8,403 · management and general $8,403

  • 22 · Depreciation, depletion and amortization

    total $31,837 · program services $15,218 · management and general $16,619

  • 23 · Insurance

    total $12,977 · management and general $12,977

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $134,704 · program services $97,148 · management and general $37,556

  • 24b · Other expenses: CONSUMABLE SUPPLIES

    total $58,236 · program services $38,656 · management and general $19,580

  • 24c · Other expenses: CREDIT CARD FEES

    total $48,926 · management and general $48,926

  • 24d · Other expenses: MISCELLANEOUS

    total $37,578 · program services $37,578

  • 24e · All other expenses

    total $24,812 · program services $12,917 · management and general $11,895

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,454 · end of year $241,586

  • 2 · Savings and temporary cash investments

    beginning of year $2,822,307 · end of year $2,487,420

  • 3 · Pledges and grants receivable

    beginning of year $509,434 · end of year $291,101

  • 7 · Other notes and loans receivable

    beginning of year $901,857 · end of year $1,722,223

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,084 · end of year $39,218

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

    $223,426

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

    $122,208

  • 10c · Land, buildings and equipment, net

    beginning of year $110,755 · end of year $101,218

  • 11 · Investments: publicly traded securities

    beginning of year $62,415 · end of year $104,968

  • 15 · Other assets

    beginning of year $5,905 · end of year $390,322

  • 17 · Accounts payable and accrued expenses

    beginning of year $163,263 · end of year $245,514

  • 19 · Deferred revenue

    beginning of year $346,416 · end of year $35,000

  • 24 · Unsecured notes and loans payable

    beginning of year $1,486,318 · end of year $1,551,310

  • 25 · Other liabilities

    beginning of year $198,202 · end of year $565,147

  • 27 · Net assets without donor restrictions

    beginning of year $1,923,493 · end of year $2,104,325

  • 28 · Net assets with donor restrictions

    beginning of year $431,519 · end of year $876,760

Mission and programs · 2022

Mission

GREAT LAKES WOMEN'S BUSINESS COUNCIL IS COMMITTED TO EMPOWERING WOMEN AND MINORITIES ECONOMICALLY THROUGH BUSINESS DEVELOPMENT TRAINING, VENDOR CERTIFICATION, BUSINESS-TO-BUSINESS NETWORKING AND ACCESS TO CAPITAL ASSISTANCE PROGRAMS. WE PROVIDE EFFECTIVE BUSINESS TOOLS AND REMOVE BARRIERS THAT HINDER DEVELOPMENT OF SUCCESSFUL, SUSTAINABLE BUSINESSES. OUR WORK STRENGTHENS THE COMMUNITY BY BUILDING PARTNERSHIPS AND LEVERAGING RESOURCES THAT INCREASE BUSINESS GROWTH OPPORTUNITIES.

Activities or mission (Part I)

ASSIST WOMEN AND MINORITIES WITH BUSINESS DEVELOPMENT.

  • LOAN PROGRAM - PROVIDE SMALL BUSINESS LOANS TO START-UP AND EXISTING BUSINESS OWNERS IN SOUTHEASTERN MICHIGAN. PROGRAM ADDRESSES NEEDS OF LOW-INCOME, MINORITY AND WOMEN BUSINESS OWNERS. LOAN PORTFOLIO IS FUNDED PRIMARILY BY SBA AND LOCAL GOVERNMENT.

    Expenses $992,276 · Grants $99,500 · Revenue $89,745

  • WOMEN'S BUSINESS ENTERPRISE CERTIFICATION - PROVIDES CERTIFICATION PROGRAM FOR WOMEN OWNED BUSINESSES, INCLUDING TECHNICAL ASSISTANCE, COUNSELING AND RECOGNITION OF BUSINESS ACHIEVEMENTS.

    Expenses $1,124,544 · Revenue $776,700

  • BUSINESS DEVELOPMENT INITIATIVES - PROVIDE COMPREHENSIVE TRAINING, TECHNICAL ASSISTANCE AND PEER GROUP COUNSELING FOR WOMEN, LOAN RECIPIENTS, AND OTHER INDIVIDUALS WHO DESIRE TO START A SMALL BUSINESS.

    Expenses $430,806 · Revenue $35,875

  • MEMBERSHIPS

    Expenses $170,958 · Revenue $174,102

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

Listed in Part VII

  • Alfred A Patrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Angela Henderson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Anne Aristeo Martinelli

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • April Diez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Bashar Cholagh - Left 423

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Courtney Steward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Denise Booms-Pepin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Dr Rae Pearson - Left 423

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jacqueline Woodstock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • James Bos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Karin Cozzi - Left 423

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lauren Rakolta - Left 423

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Lisa Hardin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lynn Perenic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lynne Davis

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Marcia Hunter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Roshunda Price

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Stephanie Osterland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Tamara Hicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Michelle Richards

    EXECUTIVE DIRECTOR

    Total calculated
    $239,864
    From this org
    $217,134
    From related orgs
    $0
    Other
    $22,730
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $194,292
    Bonus
    $22,050
    Other
    $792
    Deferred
    $10,817
    Nontaxable benefits
    $11,913
    Filer's total
    $239,864

  • Le'Cathy McGhee

    SR. DIRECTOR OF MEMBERSHIP & CORP DEVELOPMENT

    Total calculated
    $122,545
    From this org
    $105,934
    From related orgs
    $0
    Other
    $16,611
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
REIMBURSEMENT OF EXPENSES WITH SUBSTANTIATION OF EXPENSES; HRA PAYMENTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • P'S & Q'S BAKERY AND CAFE LLC

    $60,000

    PITCH N PONTIAC WINNER - CEED LENDING

  • TRILOGY CPR SERVICES

    $30,000

    PITCH N PONTIAC WINNER - CEED LENDING

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202421229349301817

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