Form 990 for tax year 2023
Filed by WOMENS ENTERPRISE DEVELOPMENT CENTER INC.
Totals
- Total revenue
- $1,530,145
- Total expenses
- $1,593,278
- Contributions and grants received
- $1,481,625
- Grants paid
- $15,000
- Program service revenue
- $57,140
- Investment income
- $377
- Other revenue
- -$8,997
- Total assets, end of year
- $1,843,469
- Total liabilities, end of year
- $336,313
- Net assets or fund balances, end of year
- $1,507,156
- Program services expenses (Part IX)
- $1,224,181
- Management and general expenses
- $317,018
- Fundraising expenses
- $52,079
- Program service expenses (Part III)
- $1,224,181
Program services were 76.8% 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
$70,980
-
1e · Government grants (contributions)
$1,014,117
-
1f · All other contributions, gifts and grants
$396,528
-
2a · Program service revenue: PROGRAM FEES
total $57,140 · related or exempt $57,140
-
3 · Investment income
total $377 · excluded $377
-
6a · Gross rents
real property $6,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $6,000
-
6d · Net rental income or loss
total $6,000 · excluded $6,000
-
8a · Fundraising events: gross income
$12,900
-
8a · Fundraising events: contributions included on line 1c
$70,980
-
8b · Fundraising events: direct expenses
$27,897
-
8c · Net income from fundraising events
total -$14,997 · excluded -$14,997
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,000 · program services $10,000
-
2 · Grants to domestic individuals
total $5,000 · program services $5,000
-
5 · Compensation of officers, directors and key employees
total $136,500 · program services $109,200 · management and general $20,475 · fundraising $6,825
-
7 · Other salaries and wages
total $667,791 · program services $534,232 · management and general $100,168 · fundraising $33,391
-
9 · Other employee benefits
total $15,837 · program services $12,670 · management and general $2,376 · fundraising $791
-
10 · Payroll taxes
total $68,486 · program services $54,789 · management and general $10,273 · fundraising $3,424
-
11c · Fees: accounting
total $130,284 · management and general $130,284
-
11g · Fees: other
total $394,479 · program services $366,171 · management and general $28,308
-
12 · Advertising and promotion
total $885 · program services $885
-
13 · Office expenses
total $38,784 · program services $31,027 · management and general $5,837 · fundraising $1,920
-
14 · Information technology
total $47,163 · program services $37,730 · management and general $7,075 · fundraising $2,358
-
16 · Occupancy
total $52,352 · program services $41,882 · management and general $7,852 · fundraising $2,618
-
22 · Depreciation, depletion and amortization
total $11,095 · program services $8,876 · management and general $1,664 · fundraising $555
-
23 · Insurance
total $10,584 · program services $8,467 · management and general $2,117
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $3,930 · program services $3,144 · management and general $589 · fundraising $197
-
24b · Other expenses: PRINTING & PUBLICATIONS
total $108 · program services $108
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $225,638 · end of year $272,572
-
2 · Savings and temporary cash investments
beginning of year $169,831 · end of year $300,777
-
3 · Pledges and grants receivable
beginning of year $1,110,973 · end of year $1,083,790
-
4 · Accounts receivable
beginning of year $69,728
-
9 · Prepaid expenses and deferred charges
beginning of year $20,677 · end of year $731
-
10a · Land, buildings and equipment: cost or other basis
$73,913
-
10b · Land, buildings and equipment: accumulated depreciation
$58,834
-
10c · Land, buildings and equipment, net
beginning of year $26,174 · end of year $15,079
-
15 · Other assets
beginning of year $215,385 · end of year $170,520
-
17 · Accounts payable and accrued expenses
beginning of year $54,889 · end of year $63,961
-
25 · Other liabilities
beginning of year $213,228 · end of year $272,352
-
27 · Net assets without donor restrictions
beginning of year $1,507,069 · end of year $1,447,931
-
28 · Net assets with donor restrictions
beginning of year $63,220 · end of year $59,225
Mission and programs · 2023
Mission
THE WOMEN'S ENTERPRISE DEVELOPMENT CENTER (WEDC) EMPOWERS ENTREPRENEURS TO BUILD SUCCESSFUL BUSINESSES BY PROVIDING HIGH QUALITY TRAINING PROGRAMS, ADVISORY SERVICES, AND ACCESS TO CAPITAL TO GENERATE ECONOMIC GROWTH IN WESTCHESTER COUNTY AND THE HUDSON VALLEY.
Activities or mission (Part I)
SEE DETAILED STATEMENT OF PROGRAM SERVICE ACTIVITIES ON SCHEDULE O; SEE ALSO PART III
-
WEDC PROVIDES TRAINING, ADVISORY SERVICES, AND ACCESS TO CAPITAL FOR WOMEN ENTREPRENEURS THROUGHOUT WESTCHESTER COUNTY AND THE LOWER AND MID-HUDSON VALLEY. DURING 2023, WEDC SERVED 310 UNIQUE SPANISH-SPEAKING CLIENTS AND 688 UNIQUE ENGLISH-SPEAKING CLIENTS. IN ADDITION, WEDC SUBMITTED 11 MWBE APPLICATIONS, OFFERED 188 TRAINING SESSIONS, 82 WORKSHOPS AND PROVIDED MORE THAN 1,000 HOURS OF TECHNICAL ASSISTANCE. SEE ALSO SCHEDULE O EXTENSIONS FOR PART I, LINE 1. WEDC SERVES BOTH WOMEN AND MEN, AND ITS SERVICES ARE AVAILABLE TO ALL POPULATION GROUPS, WITH THOSE SERVED BEING MAINLY CAUCASIAN, LATINO/HISPANIC, AND AFRICAN AMERICAN.
Expenses $1,224,181 · Grants $15,000 · Revenue $57,140
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Barbara Van BergenBARBARA VAN BERGEN
PRESIDENT/DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Rita RamirezRITA RAMIREZ
VICE PRESIDENT/DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Stephen ChaseSTEPHEN CHASE
TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Karen A CampbellKAREN A CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Redina HembreeREDINA HEMBREE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nancy KesslerNANCY KESSLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Ginger SiegelGINGER SIEGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa TretlerLISA TRETLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Amanda HackAMANDA HACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff DavisJEFF DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chelen ReyesCHELEN REYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shalyn CourtenaySHALYN COURTENAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Isabel SanchezISABEL SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nikki HahnNIKKI HAHN
CHIEF EXECUTIVE OFFICER
- Total calculated
- $136,000
- From this org
- $136,000
- 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.
Grants on this return
-
TARA FRAMER DESIGN
$5,000
AMJ LEADERSHIP GRANT
-
MI CASA BUSINESS SERVICES LLC
$5,000
AMJ LEADERSHIP GRANT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443169349301919
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