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Nonprofiteer
← WOMENS BUSINESS DEVELOPMENT COUNCIL INC

Form 990 for tax year 2022

Filed by WOMENS BUSINESS DEVELOPMENT COUNCIL INC.

Totals

Total revenue
$6,726,773
Total expenses
$6,707,087
Contributions and grants received
$6,306,737
Grants paid
$2,976,854
Program service revenue
$16,879
Investment income
$1,557
Other revenue
$401,600
Total assets, end of year
$3,422,440
Total liabilities, end of year
$1,301,165
Net assets or fund balances, end of year
$2,121,275
Program services expenses (Part IX)
$5,824,241
Management and general expenses
$564,740
Fundraising expenses
$318,106
Program service expenses (Part III)
$5,824,241

Program services were 86.8% 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.

  • 1c · Fundraising events

    $48,130

  • 1e · Government grants (contributions)

    $5,296,522

  • 1f · All other contributions, gifts and grants

    $962,085

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $16,879 · related or exempt $16,879

  • 3 · Investment income

    total $1,557 · excluded $1,557

  • 8a · Fundraising events: gross income

    $614,691

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

    $48,130

  • 8b · Fundraising events: direct expenses

    $218,561

  • 8c · Net income from fundraising events

    total $396,130 · excluded $396,130

  • 11a · Other revenue: MISCELLANEOUS

    total $5,470 · related or exempt $5,470

  • 11e · Other revenue, total

    $5,470

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,976,854 · program services $2,976,854

  • 5 · Compensation of officers, directors and key employees

    total $816,566 · program services $628,756 · management and general $138,816 · fundraising $48,994

  • 7 · Other salaries and wages

    total $1,317,915 · program services $1,014,794 · management and general $224,046 · fundraising $79,075

  • 9 · Other employee benefits

    total $164,893 · program services $126,966 · management and general $28,033 · fundraising $9,894

  • 10 · Payroll taxes

    total $156,384 · program services $120,416 · management and general $26,585 · fundraising $9,383

  • 11c · Fees: accounting

    total $31,450 · program services $18,870 · management and general $4,403 · fundraising $8,177

  • 11g · Fees: other

    total $659,435 · program services $467,661 · management and general $67,121 · fundraising $124,653

  • 12 · Advertising and promotion

    total $21,507 · program services $18,710 · management and general $1,291 · fundraising $1,506

  • 13 · Office expenses

    total $238,455 · program services $167,972 · management and general $55,763 · fundraising $14,720

  • 16 · Occupancy

    total $188,195 · program services $163,731 · management and general $11,290 · fundraising $13,174

  • 17 · Travel

    total $27,452 · program services $23,885 · management and general $1,646 · fundraising $1,921

  • 19 · Conferences, conventions and meetings

    total $42,709 · program services $37,149 · management and general $2,570 · fundraising $2,990

  • 22 · Depreciation, depletion and amortization

    total $18,099 · program services $15,753 · management and general $1,080 · fundraising $1,266

  • 23 · Insurance

    total $15,587 · program services $13,560 · management and general $935 · fundraising $1,092

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $18,085 · program services $15,663 · management and general $1,161 · fundraising $1,261

  • 24b · Other expenses: PROGRAM CONSULTANTS

    total $10,251 · program services $10,251

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $3,250 · program services $3,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $849,577 · end of year $625,381

  • 2 · Savings and temporary cash investments

    beginning of year $2,529,724 · end of year $1,535,746

  • 3 · Pledges and grants receivable

    beginning of year $433,294 · end of year $953,241

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,736 · end of year $21,361

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

    $145,815

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

    $79,888

  • 10c · Land, buildings and equipment, net

    beginning of year $2,426 · end of year $65,927

  • 11 · Investments: publicly traded securities

    beginning of year $10,000 · end of year $0

  • 15 · Other assets

    beginning of year $10,320 · end of year $220,784

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,563 · end of year $448,170

  • 25 · Other liabilities

    beginning of year $1,705,925 · end of year $852,995

  • 27 · Net assets without donor restrictions

    beginning of year $1,226,121 · end of year $1,318,858

  • 28 · Net assets with donor restrictions

    beginning of year $875,468 · end of year $802,417

Mission and programs · 2022

Mission

THE MISSION OF THE WOMEN'S BUSINESS DEVELOPMENT COUNCIL (WBDC) IS TO ASSIST, SUPPORT AND CHAMPION THE ECONOMIC SUCCESS OF WOMEN THROUGH ENTREPRENEURIAL AND FINANCIAL EDUCATION AND THEREBY STRENGTHEN OUR COMMUNITIES THROUGH THE CREATION AND RETENTION OF SUSTAINABLE BUSINESSES, NEW JOBS, AND THE PROMOTION OF FINANCIAL SELF-SUFFICIENCY.

Activities or mission (Part I)

WBDC HELPS WOMEN ACHIEVE ECONOMIC SELF-RELIANCE BY EDUCATING AND COUNSELING THEM TO START AND GROW BUSINESSES, RESULTING IN JOB CREATION AND COMMUNITY VITALITY.

  • THE MISSION OF THE WOMEN'S BUSINESS DEVELOPMENT COUNCIL (WBDC) IS TO STRENGTHEN AND SUPPORT ECONOMIC SUCCESS FOR WOMEN THROUGH ENTREPRENEURIAL SERVICES THAT LAUNCH AND GROW BUSINESSES ACROSS CONNECTICUT. WBDC SERVES CLIENTS FROM CONNECTICUT'S 169 CITIES AND TOWNS FROM ITS THREE REGIONAL OFFICES ACROSS THE STATE: NEW HAVEN, STAMFORD AND NEW LONDON. SINCE 1997 WBDC HAS BEEN PROVIDING THE TRAINING NECESSARY TO GUIDE ASPIRING, EMERGING, AND ESTABLISHED ENTREPRENEURS ALONG THEIR GROWTH JOURNEY. SERVICES OFFERED INCLUDE THE FOLLOWING:EDUCATIONAL OPPORTUNITIES: 1:1 BUSINESS ADVISING, CLASSES (IN-PERSON AND VIRTUAL), ON-DEMAND LEARNING, MENTORING.IN ADDITION TO TRAINING, WBDC BELIEVES IN CONNECTING OUR CLIENTS, DONORS, AND OTHER STAKEHOLDERS, FOSTERING BUSINESS GROWTH THROUGH COLLABORATION AND TEAM SUPPORT.COMMUNITY ENGAGEMENTS: WBDC CONNECT MEMBERSHIP, COURAGEOUS CONVERSATIONS PODCAST, ANNUAL GALA & FUNDRAISING EVENTS, VIRTUAL MARKETPLACE, PUBLIC SPEAKING & MEDIA OPPORTUNITIES.FINANCIAL RESOURCES: WBDC HELPS ITS CLIENTS IDENTIFY SOURCES OF CAPITAL WHICH ALIGN WITH THEIR UNIQUE BUSINESS NEEDS AND PROVIDES GUIDANCE THROUGH THE APPLICATION AND COMPLIANCE PROCESS. RESOURCES INCLUDE WBDC'S OPPORTUNITY FUND GRANTS, BANK AND NON-BANK LOANS, PRIVATE INVESTMENTS, FEDERAL AND STATE COVID-19 RELIEF, OTHER NON-TRADITIONAL LOANS AND GRANTS.BUSINESS SUPPORT PROGRAM FOR CT CHILD CARE PROVIDERS: WBDC OFFERS A COMPREHENSIVE SUITE OF BUSINESS DEVELOPMENT SERVICES SUPPORTING CT CHILD CARE PROVIDERS, HOME AND CENTER-BASED, TO HELP THEM LAUNCH, SUSTAIN, AND GROW THEIR BUSINESSES. THE CHILD CARE BUSINESS DEVELOPMENT PROGRAM CATERS EXCLUSIVELY TO THE BUSINESS NEEDS OF THE CHILDCARE INDUSTRY: CUSTOMIZED ENTREPRENEURIAL TRAINING & TECHNICAL ASSISTANCE, PERSONAL FINANCIAL TRAINING & COACHING, MENTORING, FISCAL AND TECHNOLOGY INCENTIVES, ADVOCACY, TRAIN THE TRAINER.

    Expenses $5,824,241 · Grants $2,976,854 · Revenue $22,349

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

Listed in Part VII

  • Ann Matthews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katia Lacy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lindsay Kopp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martha Finkel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Castellano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denise Kaufman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janet Defrino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Moira Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Flavia Naslausky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chantal Coffy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elana Milianta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Behrman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patti Melick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandra Arkell

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Shoshana Lubin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gail Lehman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Abrahams-John

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon Kane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth T Hirsch

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tasha Jackson

    CFO

    Total calculated
    $28,762
    From this org
    $28,762
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tracy Gibbons

    CFO/CONTROLLER

    Total calculated
    $80,971
    From this org
    $80,971
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Fran Pastore

    PRESIDENT AND CEO

    Total calculated
    $291,444
    From this org
    $268,739
    From related orgs
    $0
    Other
    $22,705
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,739
    Bonus
    $0
    Other
    $0
    Deferred
    $8,740
    Nontaxable benefits
    $13,965
    Filer's total
    $291,444

  • Dorothy Bratchell

    COO

    Total calculated
    $165,677
    From this org
    $160,131
    From related orgs
    $0
    Other
    $5,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,131
    Bonus
    $0
    Other
    $0
    Deferred
    $4,956
    Nontaxable benefits
    $590
    Filer's total
    $165,677

  • Brenda Thickett

    VP OF PROGRAMS

    Total calculated
    $182,842
    From this org
    $177,557
    From related orgs
    $0
    Other
    $5,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,557
    Bonus
    $0
    Other
    $0
    Deferred
    $5,285
    Nontaxable benefits
    $0
    Filer's total
    $182,842

  • Louise Lisboa-Menezes

    OPERATIONS MANAGER

    Total calculated
    $103,948
    From this org
    $100,406
    From related orgs
    $0
    Other
    $3,542
    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. 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 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • BABY BELUGA FAMILY DAYCARE INC

    $47,000

    CHILD CARE GRANTS

  • COLCHESTER ALT SCHOOL-AGED TOTAL LEARN

    $35,630

    CHILD CARE GRANTS

  • TAMMY MASLAUSKAS DAYCARE

    $32,500

    CHILD CARE GRANTS

  • KIDS TIME AND KARE

    $32,000

    CHILD CARE GRANTS

  • COTTONTAILS DAYCARE LLC

    $30,000

    CHILD CARE GRANTS

  • SMARTLY FUN LLC

    $30,000

    CHILD CARE GRANTS

  • THE LITTLE LOG SCHOOL HOUSE

    $30,000

    CHILD CARE GRANTS

  • DIVINO NINO DAYCARE CORP

    $30,000

    CHILD CARE GRANTS

  • JACQUELINE RODRIGUEZ DAY CARE LLC

    $30,000

    CHILD CARE GRANTS

  • LITTLE LAMBS FAMILY CHILD CARE

    $30,000

    CHILD CARE GRANTS

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

Provenance

Return type
form_990
Tax year
2022
Filed
27 June 2023
IRS schema version
2022v5.0
Source object
202301789349301415

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.