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← GREAT LAKES WOMENS BUSINESS COUNCIL

Form 990 for tax year 2024

Filed by GREAT LAKES WOMENS BUSINESS COUNCIL.

Totals

Total revenue
$3,350,241
Total expenses
$3,336,217
Contributions and grants received
$2,314,174
Grants paid
$26,000
Program service revenue
$1,026,683
Investment income
$9,384
Other revenue
$0
Total assets, end of year
$4,743,859
Total liabilities, end of year
$2,407,404
Net assets or fund balances, end of year
$2,336,455
Program services expenses (Part IX)
$2,676,976
Management and general expenses
$605,436
Fundraising expenses
$53,805
Program service expenses (Part III)
$2,676,976

Program services were 80.2% 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

    $201,942

  • 1e · Government grants (contributions)

    $930,259

  • 1f · All other contributions, gifts and grants

    $1,181,973

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

    total $812,250 · related or exempt $812,250

  • 2b · Program service revenue: LOAN PORTFOLIO INTERES

    total $123,638 · related or exempt $123,638

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

    total $85,550 · related or exempt $85,550

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

    total $5,245 · related or exempt $5,245

  • 3 · Investment income

    total $9,384 · excluded $9,384

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,000 · program services $26,000

  • 5 · Compensation of officers, directors and key employees

    total $283,710 · program services $134,015 · management and general $95,354 · fundraising $54,341

  • 7 · Other salaries and wages

    total $1,331,056 · program services $1,237,413 · management and general $102,789 · fundraising -$9,146

  • 9 · Other employee benefits

    total $43,496 · program services $34,048 · management and general $7,023 · fundraising $2,425

  • 10 · Payroll taxes

    total $122,179 · program services $108,114 · management and general $11,208 · fundraising $2,857

  • 11b · Fees: legal

    total $1,391 · program services $904 · management and general $487

  • 11c · Fees: accounting

    total $144,656 · program services $94,026 · management and general $50,630

  • 11g · Fees: other

    total $361,410 · program services $234,696 · management and general $126,375 · fundraising $339

  • 12 · Advertising and promotion

    total $11,872 · program services $4,192 · management and general $7,680

  • 13 · Office expenses

    total $86,229 · program services $52,906 · management and general $33,323

  • 16 · Occupancy

    total $110,461 · program services $89,987 · management and general $20,474

  • 17 · Travel

    total $61,216 · program services $56,917 · management and general $4,264 · fundraising $35

  • 19 · Conferences, conventions and meetings

    total $267,813 · program services $263,357 · management and general $4,456

  • 20 · Interest

    total $22,460 · management and general $22,460

  • 22 · Depreciation, depletion and amortization

    total $31,123 · program services $20,448 · management and general $10,675

  • 23 · Insurance

    total $177,107 · program services $146,723 · management and general $27,430 · fundraising $2,954

  • 24a · Other expenses: PROVISION FOR CREDIT LO

    total $72,735 · program services $72,735

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $53,712 · program services $42,839 · management and general $10,873

  • 24c · Other expenses: CREDIT CARD DISCOUNT

    total $51,305 · management and general $51,305

  • 24d · Other expenses: CONSUMABLE SUPPLIES

    total $43,924 · program services $32,697 · management and general $11,227

  • 24e · All other expenses

    total $32,362 · program services $24,959 · management and general $7,403

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $313,411 · end of year $227,312

  • 2 · Savings and temporary cash investments

    beginning of year $2,165,528 · end of year $2,164,779

  • 3 · Pledges and grants receivable

    beginning of year $442,905 · end of year $386,815

  • 7 · Other notes and loans receivable

    beginning of year $1,660,270 · end of year $1,556,297

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,249 · end of year $40,506

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

    $237,985

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

    $173,292

  • 10c · Land, buildings and equipment, net

    beginning of year $74,121 · end of year $64,693

  • 11 · Investments: publicly traded securities

    beginning of year $89,590 · end of year $126,294

  • 15 · Other assets

    beginning of year $285,406 · end of year $177,163

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,469 · end of year $170,036

  • 19 · Deferred revenue

    beginning of year $174,083 · end of year $32,990

  • 24 · Unsecured notes and loans payable

    beginning of year $1,791,864 · end of year $1,684,535

  • 25 · Other liabilities

    beginning of year $652,837 · end of year $519,843

  • 27 · Net assets without donor restrictions

    beginning of year $1,355,316 · end of year $1,415,657

  • 28 · Net assets with donor restrictions

    beginning of year $953,911 · end of year $920,798

Mission and programs · 2024

Mission

GREAT LAKES WOMEN'S BUSINESS COUNCIL IS COMMITTED TO EMPOWERING SMALL BUSINESSES 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)

EMPOWER SMALL BUSINESSES THROUGH ACCESS TO CAPITAL ASSISTANCE PROGRAMS, BUSINESS DEVELOPMENT TRAINING, VENDOR CERTIFICATION, AND BUSINESS-TO-BUSINESS NETWORKING. WE PROVIDE EFFECTIVE BUSINESS TOOLS AND REMOVE BARRIERS THAT HINDER THE DEVELOPMENT OF LOCAL SUCCESSFUL AND SUSTAINABLE BUSINESSES AND COMMUNITIES.

  • 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 $798,665 · Grants $26,000 · Revenue $128,883

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

    Expenses $1,266,638 · Revenue $893,575

  • 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 $577,157 · Revenue $4,225

  • MEMBERSHIPS

    Expenses $34,516

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

Listed in Part VII

  • Alfred A Patrick

    DIRECTOR (LEFT APRIL 2025)

    Total calculated
    $0
    Hours/week
    2

  • Anand Kumar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anne Aristeo Martinelli

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • April Diez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bre Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charlene Shaya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Courtney Steward

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Denice Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Denise Booms-Pepin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lisa Hardin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Lolita Lenoir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lynn Garrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Manuel Fenandez Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marcia Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marcia Hunter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Roshunda Price

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Sherry Diccion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Osterland

    DIRECTOR (LEFT APRIL 2025)

    Total calculated
    $0
    Hours/week
    2

  • Tamara Hicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michelle Richards

    EXECUTIVE DIRECTOR

    Total calculated
    $266,799
    From this org
    $218,042
    From related orgs
    $0
    Other
    $48,757
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $202,250
    Bonus
    $15,000
    Other
    $792
    Deferred
    $34,363
    Nontaxable benefits
    $14,394
    Filer's total
    $266,799

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

  • DGI HOLDINGS LLC

    $12,000

    BUSINESS DEVELOPMENT

Provenance

Return type
form_990
Tax year
2024
Filed
31 March 2026
IRS schema version
2024v5.5
Source object
202610909349300021

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