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← WOMEN OF COLOR ENTREPRENEURS INC

Form 990 for tax year 2023

Filed by WOMEN OF COLOR ENTREPRENEURS INC.

Totals

Total revenue
$230,526
Total expenses
$197,586
Contributions and grants received
$230,512
Grants paid
$0
Program service revenue
$0
Investment income
$14
Other revenue
$0
Total assets, end of year
$258,175
Total liabilities, end of year
$16,646
Net assets or fund balances, end of year
$241,529
Program services expenses (Part IX)
$121,380
Management and general expenses
$30,968
Fundraising expenses
$45,238
Program service expenses (Part III)
$121,380

Program services were 61.4% 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.

  • 1e · Government grants (contributions)

    $37,500

  • 1f · All other contributions, gifts and grants

    $193,012

  • 3 · Investment income

    total $14 · excluded $14

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $144,262 · program services $99,363 · management and general $16,635 · fundraising $28,264

  • 10 · Payroll taxes

    total $11,698 · program services $8,057 · management and general $1,349 · fundraising $2,292

  • 11c · Fees: accounting

    total $9,634 · management and general $9,634

  • 11g · Fees: other

    total $5,884 · program services $5,489 · management and general $320 · fundraising $75

  • 12 · Advertising and promotion

    total $98 · fundraising $98

  • 13 · Office expenses

    total $17 · program services $17

  • 17 · Travel

    total $185 · program services $128 · management and general $2 · fundraising $55

  • 23 · Insurance

    total $2,290 · program services $137 · management and general $2,114 · fundraising $39

  • 24a · Other expenses: FISCAL SPONSOR FEES

    total $12,897 · fundraising $12,897

  • 24b · Other expenses: PROGRAM FEES

    total $6,498 · program services $6,498

  • 24c · Other expenses: SOFTWARE AND SUBSCRIPTI

    total $1,786 · program services $1,349 · management and general $149 · fundraising $288

  • 24d · Other expenses: FUNDRAISING EXPENSES

    total $915 · program services $21 · management and general $4 · fundraising $890

  • 24e · All other expenses

    total $1,422 · program services $321 · management and general $761 · fundraising $340

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,828 · end of year $256,931

  • 4 · Accounts receivable

    beginning of year $32,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,144 · end of year $1,244

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,270 · end of year $15,146

  • 25 · Other liabilities

    beginning of year $800 · end of year $1,500

  • 27 · Net assets without donor restrictions

    beginning of year $208,589 · end of year $241,529

Mission and programs · 2023

Mission

WOMEN OF COLOR ENTREPRENEURS, INC.'S MISSION IS TO WIDEN THE CIRCLE OF ENTREPRENEURSHIP BY SUPPORTING WOMEN OF COLOR ENTREPRENEURS WHO ARE BUILDING GREAT BUSINESSES AND WANT HELP TO GROW. WE PROVIDE LONG-TERM MENTORSHIP, COMBINED WITH TAILORED PROGRAMMING, PEER SUPPORT, AND CURATED ACCESS TO POTENTIAL CUSTOMERS, LENDERS AND INVESTORS.

  • MENTORING PROGRAMS TO HELP PEOPLE OF COLOR GROW THEIR SMALL BUSINESSES. PROVIDING LONG-TERM MENTORSHIP, COMBINED WITH TAILORED PROGRAMMING, PEER SUPPORT, AND CURATED ACCESS TO POTENTIAL CUSTOMERS, LENDERS AND INVESTORS.

    Expenses $121,380

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anu Yadav

    EXECUTIVE DIRECTOR

    Total calculated
    $93,750
    From this org
    $93,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Geoff Mamlet

    CHAIR

    Total calculated
    $0
    Hours/week
    20

  • Upma Sharma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dominic Amenta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Madeleine Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202531299349303758

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