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Nonprofiteer
← WOMENS BUSINESS DEVELOPMENT CENTER

Form 990 for tax year 2023

Filed by WOMENS BUSINESS DEVELOPMENT CENTER.

Totals

Total revenue
$64,780,073
Total expenses
$63,424,693
Contributions and grants received
$62,145,620
Grants paid
$52,229,175
Program service revenue
$1,959,901
Investment income
$674,552
Other revenue
$0
Total assets, end of year
$10,230,080
Total liabilities, end of year
$1,968,298
Net assets or fund balances, end of year
$8,261,782
Program services expenses (Part IX)
$61,810,409
Management and general expenses
$1,332,773
Fundraising expenses
$281,511
Program service expenses (Part III)
$61,810,409

Program services were 97.5% 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)

    $58,932,418

  • 1f · All other contributions, gifts and grants

    $3,213,202

  • 2a · Program service revenue: WOMEN'S BUSINESS CERT FEES

    total $1,531,023 · related or exempt $1,531,023

  • 2b · Program service revenue: NATIONAL CERT FEES

    total $335,733 · related or exempt $335,733

  • 2c · Program service revenue: SEMINARS

    total $76,606 · related or exempt $76,606

  • 2d · Program service revenue: PROGRAM INTEREST

    total $13,764 · related or exempt $13,764

  • 2e · Program service revenue: LOAN FEES

    total $2,775 · related or exempt $2,775

  • 3 · Investment income

    total $674,552 · excluded $674,552

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $52,229,175 · program services $52,229,175

  • 5 · Compensation of officers, directors and key employees

    total $385,471 · program services $322,028 · management and general $63,443

  • 7 · Other salaries and wages

    total $3,510,221 · program services $2,931,689 · management and general $401,581 · fundraising $176,951

  • 8 · Pension plan contributions

    total $440,315 · program services $365,474 · management and general $53,695 · fundraising $21,146

  • 9 · Other employee benefits

    total $112,071 · program services $94,704 · management and general $11,847 · fundraising $5,520

  • 10 · Payroll taxes

    total $297,905 · program services $229,167 · management and general $56,015 · fundraising $12,723

  • 11c · Fees: accounting

    total $251,900 · management and general $251,900

  • 11g · Fees: other

    total $5,057,425 · program services $4,684,463 · management and general $346,526 · fundraising $26,436

  • 12 · Advertising and promotion

    total $10,470 · program services $9,068 · management and general $1,075 · fundraising $327

  • 13 · Office expenses

    total $274,321 · program services $205,677 · management and general $55,539 · fundraising $13,105

  • 14 · Information technology

    total $203,818 · program services $165,060 · management and general $31,109 · fundraising $7,649

  • 16 · Occupancy

    total $322,458 · program services $281,123 · management and general $28,798 · fundraising $12,537

  • 17 · Travel

    total $51,452 · program services $40,724 · management and general $9,608 · fundraising $1,120

  • 19 · Conferences, conventions and meetings

    total $214,719 · program services $196,504 · management and general $16,725 · fundraising $1,490

  • 22 · Depreciation, depletion and amortization

    total $9,199 · program services $7,835 · management and general $954 · fundraising $410

  • 23 · Insurance

    total $42,727 · program services $36,706 · management and general $3,928 · fundraising $2,093

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $5,139 · program services $5,139

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $4,563 · program services $4,529 · management and general $30 · fundraising $4

  • 24c · Other expenses: LOAN FEES

    total $1,344 · program services $1,344

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $33,122,184 · end of year $6,877,380

  • 3 · Pledges and grants receivable

    beginning of year $1,673,155 · end of year $2,732,681

  • 4 · Accounts receivable

    beginning of year $31,023 · end of year $5,103

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100,503 · end of year $125,239

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

    $278,421

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

    $250,157

  • 10c · Land, buildings and equipment, net

    beginning of year $17,019 · end of year $28,264

  • 13 · Investments: program-related

    beginning of year $62,871 · end of year $108,926

  • 15 · Other assets

    beginning of year $536,814 · end of year $352,487

  • 17 · Accounts payable and accrued expenses

    beginning of year $743,161 · end of year $1,054,728

  • 25 · Other liabilities

    beginning of year $27,894,006 · end of year $913,570

  • 27 · Net assets without donor restrictions

    beginning of year $6,052,826 · end of year $7,024,309

  • 28 · Net assets with donor restrictions

    beginning of year $853,576 · end of year $1,237,473

Mission and programs · 2023

Mission

THE MISSION OF THE WOMEN'S BUSINESS DEVELOPMENT CENTER (WBDC) IS TO SUPPORT AND ACCELERATE BUSINESS DEVELOPMENT AND GROWTH, SERVING ALL BUSINESS OWNERS TO STRENGTHEN THEIR PARTICIPATION IN, AND IMPACT ON, THE ECONOMY.

Activities or mission (Part I)

TO SUPPORT AND ACCELERATE BUSINESS DEVELOPMENT AND GROWTH, SERVING ALL BUSINESS OWNERS TO STRENGTHEN THEIR PARTICIPATION IN, AND IMPACT ON, THE ECONOMY.

  • THE ACCESS TO CAPITAL PROGRAM FOCUSES ON HELPING BUSINESS OWNERS DEVELOP A BETTER UNDERSTANDING OF THEIR BUSINESS FINANCES BY PROVIDING FINANCIAL ASSESSMENT AND COUNSELING, LOAN APPLICATION ASSISTANCE AS WELL AS EQUITY OPTIONS, AND DIRECT LENDING. ADDITIONALLY, ON BEHALF OF VARIOUS GOVERNMENT AGENCIES, THE WBDC ADMINISTERED GOVERNMENT PANDEMIC RELIEF PROGRAMS. IN 2024, APPROXIMATELY $50,000,000 WAS DISTRIBUTED TO GRANTEES AND PARTNERS. IN TOTAL, 18,669 PERSONS SERVED DURING FISCAL YEAR.

    Expenses $56,872,310 · Grants $51,916,175 · Revenue $97,063

  • THE ESTABLISHED BUSINESS PROGRAM SERVES ESTABLISHED BUSINESSES WHO WOULD LIKE TO GROW THEIR BUSINESS AND BUILD CAPACITY. SERVICES INCLUDE WORKSHOPS, CERTIFICATION SERVICES, ASSISTANCE WITH CORPORATE AND GOVERNMENT CONTRACTING, AND BUSINESS ADVISING. 2,372 PERSONS SERVED DURING FISCAL YEAR.

    Expenses $1,613,771 · Grants $313,000 · Revenue $3,736

  • THE EMERGING BUSINESS PROGRAM SERVES INDIVIDUALS WHO WANT TO START A BUSINESS OR ARE IN THE EARLY STAGES OF GROWING THEIR BUSINESS BY PROVIDING BUSINESS DEVELOPMENT COUNSELING AND WORKSHOPS. 1,951 PERSONS SERVED DURING FISCAL YEAR.

    Expenses $1,218,536

  • THE WBDC PROVIDES WOMEN'S BUSINESS ENTERPRISE (WBE) CERTIFICATION TO WOMEN-OWNED BUSINESSES IN A NINE STATE MIDWEST REGION THROUGH A PARTNERSHIP WITH THE WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL (WBENC). 2,492 PERSONS CERTIFIED DURING FISCAL YEAR.

    Expenses $1,126,635 · Revenue $1,785,979

  • THE WBDC HOSTS AN ANNUAL MIDWEST BUSINESS PROGRAM FOR IT'S MIDWEST REGION. 520 PERSONS ATTENDED AND WERE SERVED DURING FISCAL YEAR.

    Expenses $360,345 · Revenue $73,123

  • THE WBDC PROVIDED TECHNICAL ASSISTANCE AND CAPACITY BUILDING SERVICES FOR DISPROPORTIONATELY IMPACTED NONPROFITS, HELPING TO STABILIZE AND SCALE THEIR OPERATIONS. THESE INCLUDED WEBINARS ON NONPROFIT MANAGEMENT TOPICS, SMALL GROUP DISCUSSIONS ON ISSUES OF CURRENT INTEREST TO NONPROFIT MANAGERS AND INDIVIDUALIZED COUNSELING FOR NONPROFIT STAFF MEMBERS. IN TOTAL, 247 PERSONS SERVED DURING FISCAL YEAR.

    Expenses $318,857

  • THE CHILDHOOD EDUCATION ENTREPRENEURSHIP SERVICES ARE DESIGNED TO PROVIDE BUSINESS INSIGHTS TO PROSPECTIVE AND EXISTING CHILDCARE ENTERPRENEURS FOR HOME AND CENTER-BASED BUSINESSES. WE PROVIDE BUSINESS DEVELOPMENT COUNSELING AND WORKSHOPS. 433 PERSONS SERVED DURING FISCAL YEAR.

    Expenses $285,420

  • THE VETERANS PROGRAM SERVES ACTIVE DUTY SERVICE MEMBERS, GUARD, RESERVE, VETERANS AND THEIR FAMILY MEMBERS WHO WANT TO START A BUSINESS OR GROW AN EXISTING BUSINESS THROUGH BUSINESS DEVELOPMENT COUNSELING AND WORKSHOPS. 45 PERSONS SERVED DURING FISCAL YEAR.

    Expenses $14,535

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

Listed in Part VII

  • Emilia Dimenco

    PRESIDENT & CHIEF EXECUTIVE

    Total calculated
    $239,442
    From this org
    $223,485
    From related orgs
    $0
    Other
    $15,957
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,775
    Bonus
    $0
    Other
    $47,710
    Deferred
    $6,004
    Nontaxable benefits
    $9,953
    Filer's total
    $239,442

  • Hedy M Ratner

    CO-FOUNDER & CO-PRESIDENT

    Total calculated
    $51,563
    From this org
    $51,563
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Sandra Rand

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Linda Chaplik Harris

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Eva Brown

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Michelle Blaise

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Alison Chung

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cassandra Sanford

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Risa R Davis

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mary Houpt

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Beth Kieffer Leonard CPA

    AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rona Fourte

    AUDIT COMMITTEE VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Debra Jennings-Johnson

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • S Carol Dougal

    CO-FOUNDER & CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Laurel G Bellows

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Linda Boasmond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patty Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michelle Kantor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Arabel Alva Rosales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Schlott-Rouzan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Yuhn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Mariani

    DIRECTOR - TERM

    Total calculated
    $0
    Hours/week
    1

  • Megan Everett

    DIRECTOR - TERM

    Total calculated
    $0
    Hours/week
    1

  • Roxanne Ward

    CHIEF OF STAFF

    Total calculated
    $138,728
    From this org
    $123,568
    From related orgs
    $0
    Other
    $15,160
    Hours/week
    40

  • Georgia Marsh

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $123,367
    From this org
    $117,308
    From related orgs
    $0
    Other
    $6,059
    Hours/week
    40

  • Blanca Berthier

    MANAGING DIR ENTREPRENEURIAL SVCS

    Total calculated
    $121,083
    From this org
    $103,312
    From related orgs
    $0
    Other
    $17,771
    Hours/week
    40

  • Karen Goldner

    MANAGING DIR ESTABLISHED BUS SVCS

    Total calculated
    $116,691
    From this org
    $103,768
    From related orgs
    $0
    Other
    $12,923
    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 · Form 990 of other organizations
  • 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

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

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202501359349305435

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

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