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← MADAM CJ WALKER INSTITUTE FOR WOMEN ENTREPRENEURS OF COLOR

Form 990 for tax year 2022

Filed by MADAM CJ WALKER INSTITUTE FOR WOMEN ENTREPRENEURS OF COLOR.

Totals

Total revenue
$27,923
Total expenses
$481,980
Contributions and grants received
$18,375
Grants paid
$0
Program service revenue
$9,500
Investment income
$48
Other revenue
$0
Total assets, end of year
$5,621,535
Total liabilities, end of year
$746,632
Net assets or fund balances, end of year
$4,874,903
Program services expenses (Part IX)
$118,143
Management and general expenses
$363,837
Fundraising expenses
$0
Program service expenses (Part III)
$118,143

Program services were 24.5% 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.

  • 1f · All other contributions, gifts and grants

    $18,375

  • 2a · Program service revenue: PROGRAM SERVICE INCOME

    total $9,500 · related or exempt $9,500

  • 3 · Investment income

    total $48 · excluded $48

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $87,491 · management and general $87,491

  • 11g · Fees: other

    total $54,197 · management and general $54,197

  • 13 · Office expenses

    total $10,392 · management and general $10,392

  • 22 · Depreciation, depletion and amortization

    total $180,525 · management and general $180,525

  • 23 · Insurance

    total $30,316 · management and general $30,316

  • 24a · Other expenses: REPAIRS AND MAINT. EXP

    total $114,143 · program services $114,143

  • 24b · Other expenses: PROGRAM SERVICE EXP.

    total $4,000 · program services $4,000

  • 24c · Other expenses: BANK FEES

    total $916 · management and general $916

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,609 · end of year $39,020

  • 4 · Accounts receivable

    beginning of year $156,000 · end of year $156,000

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

    $5,953,282

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

    $526,767

  • 10c · Land, buildings and equipment, net

    beginning of year $5,607,040 · end of year $5,426,515

  • 25 · Other liabilities

    beginning of year $443,000 · end of year $746,632

  • 27 · Net assets without donor restrictions

    beginning of year $5,333,649 · end of year $4,874,903

Mission and programs · 2022

Mission

THE INSTITUTE WILL DEVELOP AND OFFER EDUCATIONAL PROGRAMS AND MATERIALS ON TOPICS RELEVANT TO ENTREPRENEURSHIP THAT ARE TAILORED TO THE SPECIFIC NEEDS AND PERSPECTIVES OF UNDERSERVED WOMEN. RELEVANT TOPICS INCLUDE, BUT ARE NOT LIMITED TO, FINANCIAL LITERACY, BUSINESS PLANNING, IMPLEMENTATION AND EVALUATION, FINDING INVESTORS, GOVERNANCE BEST PRACTICES, MARKETING, AND COMMUNITY ENGAGEMENT. THE INSTITUTE WILL SUPPORT UNDERSERVED WOMEN AND HELP THEM OVERCOME THE SYSTEMIC BARRIERS THEY FACE. THE PROGRAMS AND ACTIVITIES OF THE INSTITUTE WILL BE CONDUCTED FROM ITS HEADQUARTERS, THE HISTORIC SITE KNOWN AS VILLA LEWARO, THE MANSION OF THE FIRST BLACK WOMAN ENTREPRENEUR.

Activities or mission (Part I)

TO SUPPORT THE HEALTH AND GENERAL WELL-BEING OF ECONOMICALLY AND SOCIALLY DISADVANTAGED WOMEN.

  • THE INSTITUTE WILL DEVELOP AND OFFER EDUCATIONAL PROGRAMS AND MATERIALS ON TOPICS RELEVANT TO ENTREPRENEURSHIP THAT ARE TAILORED TO THE SPECIFIC NEEDS AND PERSPECTIVES OF UNDERSERVED WOMEN. RELEVANT TOPICS INCLUDE, BUT ARE NOT LIMITED TO, FINANCIAL LITERACY, BUSINESS PLANNING, IMPLEMENTATION AND EVALUATION, FINDING INVESTORS, GOVERNANCE BEST PRACTICES, MARKETING, AND COMMUNITY ENGAGEMENT. THE INSTITUTE WILL SUPPORT UNDERSERVED WOMEN AND HELP THEM OVERCOME THE SYSTEMIC BARRIERS THEY FACE. THE PROGRAMS AND ACTIVITIES OF THE INSTITUTE WILL BE CONDUCTED FROM ITS HEADQUARTERS, THE HISTORIC SITE KNOWN AS VILLA LEWARO, THE MANSION OF THE FIRST BLACK WOMAN ENTREPRENEUR.

    Expenses $118,143 · Revenue $9,500

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

Listed in Part VII

  • Richelieu W Dennis Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Martha Dennis

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VILLA LEWARO LLC

    ARTS/CULTURE. · NY

    Directly controlled by MADAM CJ WALKER INSTITUTE FOR WOMEN ENTREPRENEURS OF COLOR

Provenance

Return type
form_990
Tax year
2022
Filed
16 November 2023
IRS schema version
2022v5.0
Source object
202303209349302005

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