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Nonprofiteer
← CENTER FOR WOMEN & ENTERPRISES INC

Form 990 for tax year 2024

Filed by CENTER FOR WOMEN & ENTERPRISES INC.

Totals

Total revenue
$4,018,918
Total expenses
$4,352,906
Contributions and grants received
$3,528,423
Grants paid
$0
Program service revenue
$520,714
Investment income
$1,192
Other revenue
-$31,411
Total assets, end of year
$1,371,687
Total liabilities, end of year
$1,123,693
Net assets or fund balances, end of year
$247,994
Program services expenses (Part IX)
$3,175,464
Management and general expenses
$595,106
Fundraising expenses
$582,336
Program service expenses (Part III)
$3,175,464

Program services were 73.0% 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.

  • 1a · Federated campaigns

    $100,000

  • 1c · Fundraising events

    $317,028

  • 1e · Government grants (contributions)

    $1,421,158

  • 1f · All other contributions, gifts and grants

    $1,690,237

  • 1g · Noncash contributions included above

    $121,332

  • 2a · Program service revenue: TUITION, LESS SUBSIDIE

    total $520,714 · related or exempt $520,714

  • 3 · Investment income

    total $1,192 · excluded $1,192

  • 8a · Fundraising events: gross income

    $16,242

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

    $317,028

  • 8b · Fundraising events: direct expenses

    $48,340

  • 8c · Net income from fundraising events

    total -$32,098 · excluded -$32,098

  • 11a · Other revenue: MISCELLANEOUS

    total $687 · related or exempt $687

  • 11e · Other revenue, total

    $687

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $273,068 · program services $136,532 · management and general $68,268 · fundraising $68,268

  • 7 · Other salaries and wages

    total $2,263,749 · program services $1,709,833 · management and general $241,144 · fundraising $312,772

  • 9 · Other employee benefits

    total $316,036 · program services $239,610 · management and general $24,540 · fundraising $51,886

  • 10 · Payroll taxes

    total $215,566 · program services $160,160 · management and general $18,925 · fundraising $36,481

  • 11b · Fees: legal

    total $617 · management and general $617

  • 11c · Fees: accounting

    total $54,391 · management and general $54,391

  • 11g · Fees: other

    total $152,969 · program services $118,821 · management and general $22,560 · fundraising $11,588

  • 12 · Advertising and promotion

    total $60,888 · program services $32,201 · management and general $11,475 · fundraising $17,212

  • 13 · Office expenses

    total $35,233 · program services $25,033 · management and general $6,262 · fundraising $3,938

  • 14 · Information technology

    total $225,328 · program services $151,912 · management and general $26,953 · fundraising $46,463

  • 16 · Occupancy

    total $237,100 · program services $213,352 · management and general $11,874 · fundraising $11,874

  • 17 · Travel

    total $69,971 · program services $55,523 · management and general $8,533 · fundraising $5,915

  • 20 · Interest

    total $37,650 · program services $33,902 · management and general $3,748

  • 22 · Depreciation, depletion and amortization

    total $2,400 · program services $2,160 · management and general $240

  • 23 · Insurance

    total $15,080 · program services $13,700 · management and general $1,380

  • 24a · Other expenses: INSTRUCTOR FEES/STIPEND

    total $164,573 · program services $164,573

  • 24b · Other expenses: BAD DEBT

    total $85,334 · program services $2,000 · management and general $83,334

  • 24c · Other expenses: PROGRAM EVENTS AND MATE

    total $47,968 · program services $46,136 · management and general $1,832

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $47,625 · program services $41,563 · management and general $6,062

  • 24e · All other expenses

    total $47,360 · program services $28,453 · management and general $2,968 · fundraising $15,939

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $235,885 · end of year $309,841

  • 3 · Pledges and grants receivable

    beginning of year $981,790 · end of year $728,831

  • 4 · Accounts receivable

    beginning of year $6,000 · end of year $3,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,105 · end of year $49,345

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

    $484,729

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

    $484,729

  • 10c · Land, buildings and equipment, net

    beginning of year $2,400 · end of year $0

  • 15 · Other assets

    beginning of year $448,097 · end of year $280,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $361,330 · end of year $313,256

  • 19 · Deferred revenue

    beginning of year $5,500 · end of year $4,500

  • 23 · Secured mortgages and notes payable

    beginning of year $330,000 · end of year $350,000

  • 25 · Other liabilities

    beginning of year $430,465 · end of year $455,937

  • 27 · Net assets without donor restrictions

    beginning of year $154,482 · end of year -$60,506

  • 28 · Net assets with donor restrictions

    beginning of year $427,500 · end of year $308,500

Mission and programs · 2024

Mission

CWE IS AN ECONOMIC EMPOWERMENT ORGANIZATION WHOSE MISSION IS TO HELP WOMEN BUSINESS OWNERS AND ASPIRING FEMALE ENTREPRENEURS LAUNCH AND GROW THEIR BUSINESS BY PROVIDING GREATER ACCESS TO THE RESOURCES, TOOLS, AND SUPPORT THEY NEED. WE ACHIEVE THIS MISSION BY PROVIDING EDUCATION, TRAINING, TECHNICAL ASSISTANCE, ACCESS TO MARKETS, AND PATHS TO FUNDING TO WOMEN ENTREPRENEURS AND EARLY-STAGE BUSINESSES.

Activities or mission (Part I)

EDUCATION, TRAINING, CONSULTING, TECHNICAL ASSISTANCE AND CERTIFICATION FOR ENTREPRENEURS.

  • EDUCATION: SINCE ITS FOUNDING IN 1995, THE CENTER FOR WOMEN & ENTERPRISE HAS TRAINED 60,600 ASPIRING SMALL BUSINESS OWNERS WHO HAVE CREATED 57,500 JOBS AND PAID $1.6 BILLION IN WAGES TO THEIR EMPLOYEES. WE PROVIDE COMPREHENSIVE PROGRAMS AND SERVICES FOR ENTREPRENEURS AND BUSINESS OWNERS IN MA, NH, RI, AND VT, WHICH ADDRESS THE FULL CONTINUUM OF THEIR BUSINESSES' LIFECYCLES. CWE OFFERS ONSITE, ONLINE AND WORKSHOPS IN THE COMMUNITIES WE SERVE ON CRITICALLY RELEVANT TOPICS INCLUDING FINANCIAL LITERACY, BUSINESS PLAN CREATION, FINANCING OPTIONS, AND VISIONING, ALL DESIGNED TO STRENGTHEN WOMEN AND VETERAN OWNED BUSINESSES. IN 2024 ALONE, PARTICIPATION IN OUR PROGRAMS AND EVENTS TOTALED 8,613 AND WE SERVED 3,455 INDIVIDUALS, PROVIDING THEM WITH THE TOOLS THEY NEED TO SUCCESSFULLY CREATE NEW INCOME OPPORTUNITIES FOR THEMSELVES AND THEIR FAMILIES, WHILE ALSO BOOSTING THE NEW ENGLAND ECONOMY.

    Expenses $2,543,363 · Revenue $20,049

  • CERTIFICATION: THE CENTER FOR WOMEN & ENTERPRISE OFFERS WOMEN BUSINESS OWNERS THE ABILITY TO OBTAIN FORMAL STATUS OF THEIR DIVERSITY THROUGH A VARIETY OF CERTIFICATIONS. CERTIFICATION ALLOWS BUSINESSES TO BID ON CONTRACTS AS A DIVERSE VENDOR IN BOTH THE PRIVATE AND PUBLIC SECTOR. IT IS AN IMPORTANT TOOL FOR EXPANDING THE VISIBILITY OF A COMPANY AMONG DECISION MAKERS IN SUPPLIER DIVERSITY AND PROCUREMENT. CWE IS THE REGIONAL PROVIDER OF THE WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL (WBENC), THE PREMIERE PRIVATE SECTOR CERTIFICATION THAT GIVES WOMEN-OWNED BUSINESSES AN ADVANTAGE IN THE CORPORATE BIDDING ARENA. WE ALSO OFFER THE WOMEN OWNED SMALL BUSINESS (WOSB-FEDERAL) AS A SECONDARY CERTIFICATION AT NO ADDITIONAL COST. THIS CERTIFICATION IS REQUIRED FOR WOMEN-OWNED BUSINESSES THAT WANT TO BID ON FEDERAL CONTRACTS IN THE PUBLIC SECTOR. IN 2024, CWE CERTIFIED 569 WOMEN-OWNED BUSINESSES THROUGH THE WBENC.

    Expenses $632,101 · Revenue $501,352

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gabrielle King Morse

    CEO & PRESIDENT

    Total calculated
    $273,068
    From this org
    $253,298
    From related orgs
    $0
    Other
    $19,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,298
    Bonus
    $15,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,770
    Filer's total
    $273,068

  • Lisa Wood

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • Stephanie Pare Sullivan

    SECRETARY AND BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.5

  • Cynthia Smith

    TREAS. & BOARD MEMBER(UNTIL 12/31/24)

    Total calculated
    $0
    Hours/week
    2.5

  • Desiree Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Maryalice Decamp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Jordan Gauthier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Vicki Gray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Olivia Katz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Robin Kramer

    BOARD MEMBER (UNTIL 12/31/24)

    Total calculated
    $0
    Hours/week
    0.75

  • Scott Landers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Pamela Lenehan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Naheed Malik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Erika Gibson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Ann Ramakumaran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Jessica Rascionato

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Ashley Reichheld

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Doug Shaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Debra Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Constance Wright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Sandra St Fleur Wright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Lixin Olsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Matthew Steinkrauss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Jaime Mahoney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • Jennifer Zavala

    BOARD MEMBER (UNTIL 11/24)

    Total calculated
    $0
    Hours/week
    0.75

  • Kimberly Zouzoua

    VP STRATEGIC PARTNERSHIPS

    Total calculated
    $171,816
    From this org
    $163,141
    From related orgs
    $0
    Other
    $8,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,141
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,675
    Filer's total
    $171,816

  • Amy Grondin

    VP FINANCE

    Total calculated
    $146,461
    From this org
    $142,792
    From related orgs
    $0
    Other
    $3,669
    Hours/week
    40

  • Michelle Riendeau

    VP OPERATIONS

    Total calculated
    $146,376
    From this org
    $137,701
    From related orgs
    $0
    Other
    $8,675
    Hours/week
    40

  • Michelle Miller

    VP PROGRAM SERVICES

    Total calculated
    $149,695
    From this org
    $128,101
    From related orgs
    $0
    Other
    $21,594
    Hours/week
    40

  • Lucia Sanchez

    VP IMPACT & LEARNING

    Total calculated
    $122,909
    From this org
    $121,571
    From related orgs
    $0
    Other
    $1,338
    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 committee
  • 3 · Independent compensation consultant
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
BONUS AMOUNTS PROVIDED BY THE ORGANIZATION ARE DETERMINED ANNUALLY BY AGREEMENT BETWEEN THE CEO AND THE EXECUTIVE COMMITTEE AND ARE BASED ON THE COMPLETION OF CERTAIN GOALS AND ACHIEVEMENTS. THE COMMITTEE REVIEWS WHETHER GOALS HAVE SUCCESSFULLY BEEN ACHIEVED AND THEN DETERMINES IF ALL OR SOME OF THE BONUS WILL BE PAID.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 October 2025
IRS schema version
2024v5.2
Source object
202512889349301346

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