Form 990 for tax year 2023

Totals

Total revenue

$1,804,547

Total expenses

$1,762,118

Contributions and grants received

$1,661,995

Grants paid

$493,486

Program service revenue

$141,504

Investment income

$1,048

Other revenue

$0

Total assets, end of year

$941,235

Total liabilities, end of year

$118,471

Net assets or fund balances, end of year

$822,764

Program services expenses (Part IX)

$1,387,061

Management and general expenses

$309,428

Fundraising expenses

$65,629

Program service expenses (Part III)

$1,387,061

Program services were 78.7% 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.

Mission and programs · 2023

• CAPACITY BUILDING: TO BUILD CAPACITY AND SUSTAINABILITY FOR WOMEN'S BUSINESS CENTERS AND WOMAN OWNED BUSINESSES TO SUPPORT ENTREPRENEURSHIP ACROSS THE UNITED STATES.

  Expenses $1,056,663 · Grants $352,891

• 2023 LEADERSHIP CONFERENCE: ON JULY 24-26, THE 2023 AWBC ANNUAL LEADERSHIP CONFERENCE WAS HELD AT THE HYATT REGENCY WASHINGTON ON CAPITOL HILL IN WASHINGTON, DC. THE EVENT HOSTED A RECORD-BREAKING TOTAL OF 314 ATTENDEES REGISTERED - A NOTABLE INCREASE IN ATTENDEES FROM 2022. 91 PERCENT OF AWBC MEMBERS WERE PRESENT, REPRESENTING 132 TOTAL WBCS FROM A DIVERSE ARRAY OF GEOGRAPHIC AND CULTURAL BACKGROUNDS.THIS YEAR, THE LEADERSHIP CONFERENCE CELEBRATED THE 25TH ANNIVERSARY OF THE ASSOCIATION OF WOMEN'S BUSINESS CENTERS, AND THE 35TH ANNIVERSARY OF THE WBC PROGRAM AT SBA. THIS YEAR FOCUSED ON "WOMEN MOVING FORWARD, AND STARTED WITH A HISTORY PANEL FROM SOME OF THE FOUNDING MEMBERS OF AWBC. A COMPREHENSIVE CURRICULUM WAS EXECUTED THROUGH 25 MAINSTAGE SESSIONS, 22 BREAKOUTS, AND COMPLEMENTED WITH SEVERAL NETWORKING SESSIONS. THE CURRICULUM WAS CENTERED AROUND THE OVERALL CONFERENCE THEME OF MOVING WOMEN ENTREPRENEURS FORWARD. ALL SESSIONS WERE AIMED AT EMPOWERING WBC LEADERSHIP TO SOURCE DIVERSE CAPITAL MECHANISMS, AND COLLECTIVELY CREATE SUSTAINABLE FOUNDATIONS TO PREPARE FOR FUTURE DEVELOPMENTS. THE SPEAKER LINE-UP WAS A DIRECT RESULT OF WBCS REQUESTING MORE OPPORTUNITIES TO LEARN FROM THEIR PEERS - WHICH WAS MET WITH A STRONG FLOW OF POSITIVE FEEDBACK, AS SPEAKERS PRIMARILY CONSISTED OF WBC DIRECTORS, STAFF MEMBERS, THE SBA, AND PARTNERS. THE MAIN TOPICS COVERED INCLUDED ADVOCACY STRATEGIES, SUSTAINABLE PROGRAMMING, CULTIVATING EFFECTIVE PARTNERSHIPS, ENGAGING SUPPORTERS, MAXIMIZING RESOURCES, AND LEVERAGING IMPACT TO ACCESS FUNDING.

  Expenses $189,603 · Revenue $141,504

• INCUMBENT WORKER TRAINING PROGRAM: PROGRAM PROVIDES PEOPLE 50 AND OLDER AN OPPORTUNITY TO INCREASE WAGES, RESPONSIBILITIES, AND MARKETABLE SKILLS TO SECURE JOB SECURITY. EMPLOYERS BENEFIT FROM REDUCED TRAINING COSTS, INCREASED EMPLOYEE PRODUCTIVITY AND HIGHER RETENTION RATES. PROVIDED UPSKILLING TRAINING FUNDS TO BUSINESSES EMPLOYEES AGE 50 AND OLDER, EARNING UP TO $16.00 AN HOUR WITH UP TO $2,000.00 IN TRAINING COSTS MAXIMUM PER FULLTIME EMPLOYEE WITH A COMMITMENT OF $2.00 PER HOUR WAGE INCREASE BY EMPLOYERS AFTER THE TRAINING IS COMPLETE. WITH AN ADDITIONAL $500.00 IN TRAINING DOLLARS AVAILABLE IF THE WAGE INCREASE IS HIGHER THAN $2.50 AN HOUR UPON COMPLETION OF THE TRAINING.

  Expenses $140,795 · Grants $140,595

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

Listed in Part VII

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

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

• SOUTHWESTERN COLLEGE FOUNDATION

  $35,000

  ADVOCATE, CONNECT, ENGAGE EDUCATION SUB GRANTS; EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT

• ATLANTA INSTITUTE OF FINANCIAL MARKETS

  $25,000

  UPSKILLING TRAINING SUBGRANT

• D RICHARDSON GROUP LLC

  $25,000

  UPSKILLING TRAINING SUBGRANT

• CDJJ ENTERPRISES LLC

  $20,000

  UPSKILLING TRAINING SUBGRANT

• ROCKVILLE ECONOMIC DEVELOPMENT

  $20,000

  EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT

• CALIFORNIA STATE UNIVERSITY FRESNO FOUNDATION

  $15,000

  EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT

• JACKSONVILLE CHAMBER FOUNDATION

  $15,000

  EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT; ADVOCATE, CONNECT, ENGAGE EDUCATION SUB GRANT

• SUPERTRIMZ GRASS AND GARDEN

  $15,000

  UPSKILLING TRAINING SUBGRANT

• WESTERN DAIRYLAND ECONOMIC OPPORTUNITY COUNCIL INC

  $15,000

  EDUCATION FOR SMALL BUSINESSES OUTREACH SUBGRANT

• RUFF RUFF LIFE LLC

  $14,500

  UPSKILLING TRAINING SUBGRANT

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

Provenance

Return type

form_990

Tax year

2023

Filed

1 November 2024

IRS schema version

2023v5.1

Source object

202443069349301609

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

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