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← WOMENS BUSINESS ENTERPRISE NATIONAL COUNCIL

Form 990 for tax year 2022

Filed by WOMENS BUSINESS ENTERPRISE NATIONAL COUNCIL.

Totals

Total revenue
$15,077,464
Total expenses
$13,391,884
Contributions and grants received
$2,784,839
Grants paid
$2,638,300
Program service revenue
$12,291,574
Investment income
$1,051
Other revenue
$0
Total assets, end of year
$15,131,749
Total liabilities, end of year
$6,314,105
Net assets or fund balances, end of year
$8,817,644
Program services expenses (Part IX)
$11,348,277
Management and general expenses
$1,930,874
Fundraising expenses
$112,733
Program service expenses (Part III)
$11,348,277

Program services were 84.7% 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.

  • 1e · Government grants (contributions)

    $485,830

  • 1f · All other contributions, gifts and grants

    $2,299,009

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $6,365,317 · related or exempt $6,365,317

  • 2b · Program service revenue: CONFERENCE AND MEETING

    total $5,020,160 · related or exempt $5,020,160

  • 2c · Program service revenue: EXHIBITOR FEES

    total $680,426 · related or exempt $680,426

  • 2d · Program service revenue: CONTRACTUAL SERVICES

    total $149,671 · related or exempt $149,671

  • 2e · Program service revenue: CERTIFICATION FEES

    total $76,000 · related or exempt $76,000

  • 3 · Investment income

    total $1,051 · excluded $1,051

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,351,300 · program services $2,351,300

  • 2 · Grants to domestic individuals

    total $287,000 · program services $287,000

  • 5 · Compensation of officers, directors and key employees

    total $1,861,932 · program services $1,372,015 · management and general $450,476 · fundraising $39,441

  • 7 · Other salaries and wages

    total $2,315,694 · program services $1,708,427 · management and general $560,930 · fundraising $46,337

  • 8 · Pension plan contributions

    total $165,331 · program services $123,619 · management and general $40,588 · fundraising $1,124

  • 9 · Other employee benefits

    total $519,052 · program services $382,936 · management and general $125,730 · fundraising $10,386

  • 10 · Payroll taxes

    total $407,989 · program services $300,998 · management and general $98,827 · fundraising $8,164

  • 11b · Fees: legal

    total $108,017 · program services $67,373 · management and general $40,644

  • 11c · Fees: accounting

    total $40,728 · management and general $40,728

  • 11g · Fees: other

    total $301,636 · program services $229,483 · management and general $72,153

  • 13 · Office expenses

    total $215,724 · program services $160,311 · management and general $55,413

  • 16 · Occupancy

    total $369,139 · program services $270,790 · management and general $91,068 · fundraising $7,281

  • 17 · Travel

    total $196,954 · program services $98,121 · management and general $98,833

  • 19 · Conferences, conventions and meetings

    total $3,963,776 · program services $3,778,956 · management and general $184,820

  • 22 · Depreciation, depletion and amortization

    total $71,323 · program services $49,264 · management and general $22,059

  • 23 · Insurance

    total $10,793 · management and general $10,793

  • 24a · Other expenses: MISCELLANEOUS

    total $200,138 · program services $163,534 · management and general $36,604

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $5,358 · program services $4,150 · management and general $1,208

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,808,804 · end of year $8,987,049

  • 2 · Savings and temporary cash investments

    beginning of year $1,397,037 · end of year $2,063,869

  • 3 · Pledges and grants receivable

    beginning of year $479,375 · end of year $229,000

  • 4 · Accounts receivable

    beginning of year $1,240,881 · end of year $1,904,520

  • 9 · Prepaid expenses and deferred charges

    beginning of year $699,919 · end of year $1,025,704

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

    $481,238

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

    $400,814

  • 10c · Land, buildings and equipment, net

    beginning of year $104,610 · end of year $80,424

  • 12 · Investments: other securities

    beginning of year $499,823 · end of year $0

  • 15 · Other assets

    beginning of year $95,610 · end of year $841,183

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,189,454 · end of year $1,928,142

  • 19 · Deferred revenue

    beginning of year $2,429,991 · end of year $3,912,294

  • 25 · Other liabilities

    beginning of year $574,727 · end of year $473,669

  • 27 · Net assets without donor restrictions

    beginning of year $4,344,150 · end of year $5,837,202

  • 28 · Net assets with donor restrictions

    beginning of year $2,787,737 · end of year $2,980,442

Mission and programs · 2022

Mission

WBENC'S MISSION IS TO FUEL ECONOMIC GROWTH GLOBALLY BY IDENTIFYING, CERTIFYING, AND FACILITATING THE DEVELOPMENT OF WOMEN-OWNED BUSINESSES.

  • EVENTS - EVENTS IS COMPRISED OF TWO ANNUAL, IN-PERSON CONFERENCES. THE NATIONAL CONFERENCE, WBENC'S SIGNATURE EVENT, IS THE LARGEST CONFERENCE OF ITS KIND FOR WOMEN BUSINESS OWNERS, WELCOMING THOUSANDS OF WOMEN ENTREPRENEURS AND CORPORATE EXECUTIVES READY TO MAKE CONNECTIONS AND DO BUSINESS. THE 2022 CONFERENCE WAS HELD IN ATLANTA, GA AND INCLUDED APPROXIMATELY 3,600 ATTENDEES. THE NOVEMBER EVENT IS A SMALLER, INVITE-ONLY CONFERENCE. IT INCLUDES THREE DAYS OF CUSTOMIZED PROGRAMMING, MEANINGFUL CONNECTIONS, AND A LIVE PRESENTATION OF THE WBENCPITCH COMPETITION FINAL ROUND. IN 2022, THE NOVEMBER EVENT WAS HELD IN WASHINGTON, D.C. AND INCLUDED APPROXIMATELY 250 ATTENDEES.

    Expenses $4,366,903 · Revenue $5,700,586

  • CERTIFICATION - THE FOUNDATION OF WBENC'S MISSION IS TO PROVIDE WOMEN-OWNED BUSINESS CERTIFICATION SERVICES TO WOMEN'S BUSINESS ENTERPRISES (WBES). CERTIFICATION AUDITS VET WHETHER OR NOT WBES MEET THE STANDARDS OF BEING AT LEAST 51% OWNED, OPERATED, AND CONTROLLED BY A WOMAN OR WOMEN. IN ADDITION TO THE PERFORMANCE OF CERTIFICATION SERVICES, WBENC PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES TO CERTIFIED WBES.

    Expenses $3,171,739 · Grants $2,351,300 · Revenue $76,000

  • MEMBERSHIP - WBENC'S CORPORATE MEMBERSHIP BASE CONSISTS OF LARGE COMPANIES THAT SEEK TO DIVERSIFY THEIR SUPPLY CHAINS THROUGH INCLUSION OF CERTIFIED WOMEN-OWNED BUSINESSES. CORPORATE MEMBERS RECEIVE ACCESS TO WBENC'S DATABASE OF 16,000+ CERTIFIED WOMEN-OWNED BUSINESSES AND THEY MAY USE THIS DATABASE TO SEARCH FOR POTENTIAL SUPPLIERS. IN ADDITION, WBENC FACILITATES NETWORKING OPPORTUNITIES TO CONNECT CORPORATE MEMBERS TO CERTIFIED WBES AND PROVIDES EDUCATIONAL OPPORTUNITIES AIMED AT ASSISTING CORPORATE MEMBERS WITH THE DEVELOPMENT AND GROWTH OF THEIR SUPPLIER DIVERSITY INITIATIVES.

    Expenses $912,397 · Revenue $6,365,317

  • EXECUTIVE EDUCATION: ENCOMPASSES WBENC'S BUSINESS EDUCATION PROGRAMS AND WBENC'S EXECUTIVE EDUCATION SCHOLARSHIP FUNDS. WBENC'S BUSINESS EDUCATION PROGRAMS INCLUDE THE WBENC-TUCK EXECUTIVE EDUCATION, WETHRIVE, WEIGNITE, AND THE ENERGY EXECUTIVE PROGRAMS. WBENC'S EXECUTIVE EDUCATION SCHOLARSHIP FUNDS INCLUDE THE DOROTHY B. BROTHERS SCHOLARSHIP FUND AND THE CHERYL W. SNEAD SCHOLARSHIP FUND. THE PURPOSE OF THESE PROGRAMS AND FUNDS IS TO PROVIDE ACCESS TO BUSINESS EDUCATION FOR CERTIFIED WBES TO AID THEM IN BETTER MANAGING THEIR BUSINESSES.

    Expenses $802,520 · Grants $11,000

  • ENGAGEMENT OUTREACH: ENCOMPASSES WBENC'S TARGETED OUTREACH PROGRAMS THAT AIM TO ENGAGE SPECIFIC POPULATIONS OF ENTREPRENEURS. THE PROGRAMS INCLUDED HERE ARE WOMEN OF COLOR, COLLEGIATE ACCELERATOR, AND PLANET MOGUL.

    Expenses $447,007 · Grants $55,000

  • FINANCIAL CENTER OF EXCELLENCE: THE WBENC ARM THAT AIMS TO ADDRESS FINANCIAL MATTERS RELEVANT TO WOMEN BUSINESS OWNERS. THE FINANCIAL CENTER OF EXCELLENCE USES THE LIFT FRAMEWORK (LEARN, INTERCONNECT, FUEL, THRIVE) TO GUIDE ITS PROGRAMMING. THRIVING WITH CAPITAL ONE, FOR EXAMPLE, IS ONE OF THE PROGRAM OFFERINGS HOUSED HERE.

    Expenses $687,983

  • OTHER PROGRAMS: INCLUDES RECOGNITION PROGRAMS, INDUSTRY-SPECIFIC PROGRAMMING, CERTIFICATION GRANT PROGRAMS FUNDED BY SPECIFIC DONORS, AND OTHER PROGRAMS THAT ARE STILL DEVELOPING. THE RECOGNITION PROGRAMS INCLUDE TOP CORPORATIONS AWARDS AND WBE STARS AWARDS. THE PROGRAMS THAT ARE STILL DEVELOPING INCLUDE NEXTGEN, WOMEN + PRIDE, AND WBENCPITCH.

    Expenses $959,728 · Grants $221,000

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

Listed in Part VII

  • Pamela Prince-Eason

    PRESIDENT & CEO

    Total calculated
    $517,740
    From this org
    $454,200
    From related orgs
    $0
    Other
    $63,540
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $379,200
    Bonus
    $75,000
    Other
    $0
    Deferred
    $42,778
    Nontaxable benefits
    $20,762
    Filer's total
    $517,740
  • Nedra Dickson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cheryl Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carla Preston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jalayna Bolden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Thornton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Clint Grimes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Beveridge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ajamu Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tamra Pawloski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristofer Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Douglas Fisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Theresa Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sue Spence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jacklyn Watt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Reginald Humphrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Siofra Harnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jackie Sturm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Curley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William Kapfer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michele Van Treeck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennie Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Verbecken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stefani McLean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Diana Pon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ron Needham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bianca Ortega

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Proffitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Karen Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mary McEvoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sirsij Peshin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jo Haight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andrea Desaulniers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sharon Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tony Almeida

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Fernando Hernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Claudia Splichal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Garramone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristen Hickey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Suzi Cabo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kris Oswold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sandra Nielsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Phil Seidler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barbara Kubicki-Hicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patricia Rodriguez-Christian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Peggy Delfabbro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sharon Reynolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ann Ramakumaran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joan Lagrasse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jane Henry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patricia Massey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lianne Lami

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rashmi Charturvedi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sharon Savoca-Mahin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Vivian Isaak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pamela Wiliamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Phala Mire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Janice Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Emilia Dimenco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Roz Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • April Day

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michelle Richards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gaby Morse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sandra Eberhard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nancy Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Farryn Melton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cheryl Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Janice Bryant-Howroyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Debra Jennings-Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jorge Romero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jill Sasso

    CHIEF OPERATING OFFICER

    Total calculated
    $298,127
    From this org
    $250,557
    From related orgs
    $0
    Other
    $47,570
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,557
    Bonus
    $20,000
    Other
    $0
    Deferred
    $18,574
    Nontaxable benefits
    $28,996
    Filer's total
    $298,127
  • Patricia Birmingham

    VP, MARKETING & TECHNOLOGY

    Total calculated
    $374,694
    From this org
    $330,877
    From related orgs
    $0
    Other
    $43,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,877
    Bonus
    $25,000
    Other
    $0
    Deferred
    $23,055
    Nontaxable benefits
    $20,762
    Filer's total
    $374,694
  • Laura Taylor

    VP, FINANCIAL SERVICES & WBE ENGAGEMENT

    Total calculated
    $288,808
    From this org
    $250,000
    From related orgs
    $0
    Other
    $38,808
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    $10,000
    Other
    $0
    Deferred
    $20,024
    Nontaxable benefits
    $18,784
    Filer's total
    $288,808
  • Charles Hendrix Jr

    VICE PRESIDENT, MEMBER ENGAGEMENT

    Total calculated
    $209,334
    From this org
    $185,000
    From related orgs
    $0
    Other
    $24,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,000
    Bonus
    $0
    Other
    $0
    Deferred
    $5,550
    Nontaxable benefits
    $18,784
    Filer's total
    $209,334
  • Andrew Gaeckle

    SENIOR DIRECTOR, STRATEGIC FINANCIAL SERVICES

    Total calculated
    $171,000
    From this org
    $150,000
    From related orgs
    $0
    Other
    $21,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,000
    Bonus
    $5,000
    Other
    $0
    Deferred
    $11,114
    Nontaxable benefits
    $9,886
    Filer's total
    $171,000
  • Mia Delano

    VICE PRESIDENT, BUSINESS DEVELOPMENT & ENGAGEMENT

    Total calculated
    $171,615
    From this org
    $149,892
    From related orgs
    $0
    Other
    $21,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,892
    Bonus
    $5,000
    Other
    $0
    Deferred
    $11,837
    Nontaxable benefits
    $9,886
    Filer's total
    $171,615
  • Adam Vaughn Farris

    SENIOR DIRECTOR, BUSINESS DEVELOPMENT & ENGAGEMENT

    Total calculated
    $159,386
    From this org
    $143,800
    From related orgs
    $0
    Other
    $15,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,800
    Bonus
    $0
    Other
    $0
    Deferred
    $5,700
    Nontaxable benefits
    $9,886
    Filer's total
    $159,386
  • Lindsey All

    SENIOR DIRECTOR, EXECUTIVE PROGRAMS

    Total calculated
    $177,994
    From this org
    $137,000
    From related orgs
    $0
    Other
    $40,994
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,000
    Bonus
    $10,000
    Other
    $0
    Deferred
    $10,346
    Nontaxable benefits
    $30,648
    Filer's total
    $177,994
  • Lakesha White

    VICE PRESIDENT, CERTIFICATION

    Total calculated
    $145,004
    From this org
    $135,000
    From related orgs
    $0
    Other
    $10,004
    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
  • 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
IN 2022, PERFORMANCE BONUSES WERE 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333189349301728

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

The source document this was parsed from is served over the API, which is where bulk and document access live.