Form 990 for tax year 2023
Filed by GREAT LAKES WOMENS BUSINESS COUNCIL.
Totals
- Total revenue
- $3,175,104
- Total expenses
- $3,654,137
- Contributions and grants received
- $2,229,574
- Grants paid
- $19,600
- Program service revenue
- $939,471
- Investment income
- $6,059
- Other revenue
- $0
- Total assets, end of year
- $5,083,480
- Total liabilities, end of year
- $2,774,253
- Net assets or fund balances, end of year
- $2,309,227
- Program services expenses (Part IX)
- $2,990,969
- Management and general expenses
- $592,024
- Fundraising expenses
- $71,144
- Program service expenses (Part III)
- $2,990,969
Program services were 81.9% 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
$184,159
-
1e · Government grants (contributions)
$983,543
-
1f · All other contributions, gifts and grants
$1,061,872
-
2a · Program service revenue: WOMENS BUS. CERTIFICAT
total $744,250 · related or exempt $744,250
-
2b · Program service revenue: LOAN PORTFOLIO INTERES
total $120,295 · related or exempt $120,295
-
2c · Program service revenue: WORKSHOPS & BUS. DEV C
total $64,500 · related or exempt $64,500
-
2d · Program service revenue: LOAN PROCESSING AND PR
total $10,426 · related or exempt $10,426
-
3 · Investment income
total $6,059 · excluded $6,059
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $19,600 · program services $19,600
-
5 · Compensation of officers, directors and key employees
total $276,461 · program services $142,862 · management and general $70,200 · fundraising $63,399
-
7 · Other salaries and wages
total $1,447,669 · program services $1,351,796 · management and general $95,873
-
9 · Other employee benefits
total $11,213 · program services $11,213
-
10 · Payroll taxes
total $131,432 · program services $116,009 · management and general $11,487 · fundraising $3,936
-
11b · Fees: legal
total $33,278 · program services $30,937 · management and general $2,341
-
11c · Fees: accounting
total $130,719 · management and general $130,719
-
11g · Fees: other
total $379,898 · program services $351,895 · management and general $28,003
-
12 · Advertising and promotion
total $36,975 · program services $4,093 · management and general $32,882
-
13 · Office expenses
total $113,500 · program services $74,144 · management and general $39,356
-
16 · Occupancy
total $115,620 · program services $89,805 · management and general $25,815
-
17 · Travel
total $62,696 · program services $56,926 · management and general $5,669 · fundraising $101
-
19 · Conferences, conventions and meetings
total $184,047 · program services $182,604 · management and general $1,443
-
20 · Interest
total $25,787 · management and general $25,787
-
22 · Depreciation, depletion and amortization
total $27,098 · program services $23,715 · management and general $3,383
-
23 · Insurance
total $177,126 · program services $142,707 · management and general $30,775 · fundraising $3,644
-
24a · Other expenses: PROVISION FOR CREDIT LO
total $328,528 · program services $328,528
-
24b · Other expenses: CREDIT CARD FEES
total $50,865 · management and general $50,865
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $49,640 · program services $39,577 · management and general $10,063
-
24d · Other expenses: CONSUMABLE SUPPLIES
total $46,340 · program services $22,401 · management and general $23,875 · fundraising $64
-
24e · All other expenses
total $5,645 · program services $2,157 · management and general $3,488
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $241,586 · end of year $313,411
-
2 · Savings and temporary cash investments
beginning of year $2,487,420 · end of year $2,165,528
-
3 · Pledges and grants receivable
beginning of year $291,101 · end of year $442,905
-
7 · Other notes and loans receivable
beginning of year $1,722,223 · end of year $1,660,270
-
9 · Prepaid expenses and deferred charges
beginning of year $39,218 · end of year $52,249
-
10a · Land, buildings and equipment: cost or other basis
$223,426
-
10b · Land, buildings and equipment: accumulated depreciation
$149,305
-
10c · Land, buildings and equipment, net
beginning of year $101,218 · end of year $74,121
-
11 · Investments: publicly traded securities
beginning of year $104,968 · end of year $89,590
-
15 · Other assets
beginning of year $390,322 · end of year $285,406
-
17 · Accounts payable and accrued expenses
beginning of year $245,514 · end of year $155,469
-
19 · Deferred revenue
beginning of year $35,000 · end of year $174,083
-
24 · Unsecured notes and loans payable
beginning of year $1,551,310 · end of year $1,791,864
-
25 · Other liabilities
beginning of year $565,147 · end of year $652,837
-
27 · Net assets without donor restrictions
beginning of year $2,104,325 · end of year $1,355,316
-
28 · Net assets with donor restrictions
beginning of year $876,760 · end of year $953,911
Mission and programs · 2023
Mission
GREAT LAKES WOMEN'S BUSINESS COUNCIL IS COMMITTED TO EMPOWERING WOMEN AND MINORITIES 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)
ASSIST WOMEN AND MINORITIES WITH BUSINESS DEVELOPMENT.
-
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 $922,676 · Grants $19,600 · Revenue $130,721
-
WOMEN'S BUSINESS ENTERPRISE CERTIFICATION - PROVIDES CERTIFICATION PROGRAM FOR WOMEN OWNED BUSINESSES, INCLUDING TECHNICAL ASSISTANCE, COUNSELING AND RECOGNITION OF BUSINESS ACHIEVEMENTS.
Expenses $1,247,461 · Revenue $804,725
-
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 $694,195 · Revenue $4,025
-
MEMBERSHIPS
Expenses $126,637
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
ALFRED A PATRICK
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
-
COURTNEY STEWARD
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
DENISE BOOMS-PEPIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LISA HARDIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
LYNN PERENIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ROSHUNDA PRICE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
STEPHANIE OSTERLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
TAMARA HICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
SHERRY DICCION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MARCIA HUNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ANAND KUMAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
BRE MILLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DENICE OLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MICHELLE RICHARDS
EXECUTIVE DIRECTOR
- Total calculated
- $264,537
- From this org
- $214,784
- From related orgs
- $0
- Other
- $49,753
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $197,292
- Bonus
- $16,700
- Other
- $792
- Deferred
- $37,221
- Nontaxable benefits
- $12,532
- Filer's total
- $264,537
-
LE'CATHY MCGHEE
SR. DIRECTOR OF MEMBERSHIP
- Total calculated
- $108,167
- From this org
- $108,167
- From related orgs
- $0
- Other
- $0
- 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
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541069349301429
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