← WOMENS BUSINESS ENTERPRISE CENTER EAST

Form 990 for tax year 2025

Filed by WOMENS BUSINESS ENTERPRISE CENTER EAST.

Totals

Total revenue: $1,971,463
Total expenses: $1,894,284
Contributions and grants received: $808,365
Grants paid: $15,000
Program service revenue: $1,199,480
Investment income: $12,346
Other revenue: -$48,728
Total assets, end of year: $2,198,582
Total liabilities, end of year: $769,058
Net assets or fund balances, end of year: $1,429,524
Program services expenses (Part IX): $1,526,644
Management and general expenses: $356,473
Fundraising expenses: $11,167
Program service expenses (Part III): $1,526,644

Program services were 80.6% 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

$184,292
1e · Government grants (contributions)

$172,500
1f · All other contributions, gifts and grants

$451,573
2a · Program service revenue: CERTIFICATION FEES

total $992,400 · related or exempt $992,400
2b · Program service revenue: PARTNERSHIP DUES

total $172,400 · related or exempt $172,400
2c · Program service revenue: PROGRAM EVENT INCOME

total $18,226 · related or exempt $18,226
2d · Program service revenue: TRAINING FEES

total $16,454 · related or exempt $16,454
3 · Investment income

total $12,476 · excluded $12,476
7b · Less cost or other basis and sales expenses

securities $130
7c · Gain or loss

securities -$130
7d · Net gain or loss

total -$130 · excluded -$130
8a · Fundraising events: gross income

$27,910
8a · Fundraising events: contributions included on line 1c

$184,292
8b · Fundraising events: direct expenses

$76,638
8c · Net income from fundraising events

total -$48,728 · excluded -$48,728

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $15,000 · program services $15,000
5 · Compensation of officers, directors and key employees

total $241,431 · program services $200,248 · management and general $39,951 · fundraising $1,232
7 · Other salaries and wages

total $724,985 · program services $602,449 · management and general $118,175 · fundraising $4,361
8 · Pension plan contributions

total $47,618 · program services $38,024 · management and general $9,594
9 · Other employee benefits

total $97,810 · program services $81,333 · management and general $16,477
10 · Payroll taxes

total $74,031 · program services $59,381 · management and general $14,650
11b · Fees: legal

total $1,086 · program services $890 · management and general $196
11c · Fees: accounting

total $234,969 · program services $192,664 · management and general $42,305
11g · Fees: other

total $146,906 · program services $82,860 · management and general $63,578 · fundraising $468
13 · Office expenses

total $27,027 · program services $14,509 · management and general $12,219 · fundraising $299
14 · Information technology

total $41,093 · program services $36,215 · management and general $2,937 · fundraising $1,941
16 · Occupancy

total $122,645 · program services $99,488 · management and general $23,157
17 · Travel

total $21,351 · program services $14,927 · management and general $4,744 · fundraising $1,680
19 · Conferences, conventions and meetings

total $1,519 · program services $1,496 · management and general $23
22 · Depreciation, depletion and amortization

total $12,843 · program services $10,312 · management and general $2,531
23 · Insurance

total $10,586 · program services $8,504 · management and general $2,082
24a · Other expenses: MERCHANT FEES

total $38,326 · program services $36,600 · management and general $540 · fundraising $1,186
24b · Other expenses: PROGRAM FOOD

total $10,553 · program services $10,553 · management and general $0 · fundraising $0
24c · Other expenses: EQUIPMENT LEASE AND MAI

total $7,826 · program services $6,359 · management and general $1,467 · fundraising $0
24d · Other expenses: TELEPHONE

total $7,583 · program services $6,094 · management and general $1,489 · fundraising $0
24e · All other expenses

total $9,096 · program services $8,738 · management and general $358

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $334,818 · end of year $227,381
2 · Savings and temporary cash investments

beginning of year $1,014,571 · end of year $1,236,198
3 · Pledges and grants receivable

beginning of year $125,104 · end of year $132,699
9 · Prepaid expenses and deferred charges

beginning of year $56,182 · end of year $48,835
10a · Land, buildings and equipment: cost or other basis

$133,181
10b · Land, buildings and equipment: accumulated depreciation

$96,327
10c · Land, buildings and equipment, net

beginning of year $41,095 · end of year $36,854
15 · Other assets

beginning of year $622,658 · end of year $516,615
17 · Accounts payable and accrued expenses

beginning of year $121,740 · end of year $120,973
19 · Deferred revenue

beginning of year $76,400 · end of year $94,550
25 · Other liabilities

beginning of year $643,943 · end of year $553,535
27 · Net assets without donor restrictions

beginning of year $1,318,110 · end of year $1,353,229
28 · Net assets with donor restrictions

beginning of year $34,235 · end of year $76,295

Mission and programs · 2025

Mission

WBEC-EAST IS DEDICATED TO THE ECONOMIC EMPOWERMENT OF ENTREPRENEURS BY PROVIDING WORLD-CLASS ENTREPRENEURIAL TRAINING AND EDUCATION, AND THE TOOLS AND NETWORKING OPPORTUNITIES TO DEVELOP AND GROW SUCCESSFUL BUSINESSES. FORMED IN 1995, WBEC-EAST HAS FOSTERED AND DEVELOPED HUNDREDS OF BUSINESSES BY OFFERING A COMPREHENSIVE MENU OF ENTREPRENEURIAL EDUCATION, TRAINING, ACCESS TO CAPITAL AND CERTIFICATION. IN THE PAST YEAR ALONE WBEC-EAST HAS PROVIDED 250+ EDUCATIONAL AND NETWORKING OPPORTUNITIES TO 3000+ SMALL BUSINESS START-UPS AND OWNERS. WBEC-EAST SERVES A BROAD SPECTRUM OF ENTREPRENEURS FROM ALL BACKGROUNDS INCLUDING ASPIRING MICRO-ENTREPRENEURS TO OWNERS OF MULTI-GENERATION ESTABLISHED FAMILY-OWNED COMPANIES.

Activities or mission (Part I)

TO FOSTER THE DEVELOPMENT AND RETENTION OF SUCCESSFUL SMALL AND WOMEN-OWNED BUSINESSES. ALSO, TO FACILITATE THE RELATIONSHIP BETWEEN CORPORATIONS, GOVERNMENTS AND ENTREPRENEURIAL-OWNED BUSINESSES TO PROVIDE GROWTH AND SUSTAINABILITY.

BUSINESS TRAINING: WBEC-EAST PROVIDES START UP, EMERGING AND ESTABLISHED ENTREPRENEURS' VIRTUAL EDUCATION AND IN-PERSON TRAINING WORKSHOPS. THESE EDUCATION AND TRAINING WORKSHOPS INCLUDE: MARKET RESEARCH, FINANCIAL ANALYSIS, BUSINESS PLANNING, BUSINESS COACHING ETC.

Expenses $360,568 · Grants $15,000 · Revenue $34,680
CERTIFICATION: WBEC-EAST THROUGH ITS PARTNERSHIP WITH THE WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL ("WBENC") PROVIDES CERTIFICATIONS TO WOMEN-OWNED BUSINESSES. THESE CERTIFICATIONS ARE USED AS A MARKETING TOOL FOR EXPANDING A COMPANY'S VISIBILITY FOR SOURCING SOLUTIONS AND INTENTIONAL PROCUREMENT.

Expenses $1,166,076 · Revenue $992,400
MEMBERSHIPS: WBEC-EAST PROVIDES AN OPPORTUNITY FOR CORPORATIONS AND GOVERNMENTAL ENTITIES TO SHOW THEIR SUPPORT FOR SMALL BUSINESSES.

Revenue $172,400
SCHOLARSHIPS: WBEC-EAST SOLICITS FUNDS THAT ARE DEDICATED TO INTERNAL SCHOLARSHIP AND GRANTS. SCHOLARSHIPS AND GRANTS ARE ISSUED TO OFFSET FEES TO ATTEND VARIOUS ENTREPRENEURIAL TRAINING PROGRAMS FOR INDIVIDUALS STARTING OR GROWING THEIR BUSINESS. RECIPIENTS OF THESE FUNDS ARE ADVISED OF THE BENEFACTOR.

Revenue $26,300

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

GEORGE EHRGOTT

DIRECTOR

Total calculated

$0

Hours/week

2
NANCY GUNZA

TREASURER

Total calculated

$0

Hours/week

2
CECILIA ISAACS-BLUNDIN

CHAIR

Total calculated

$0

Hours/week

2
CYNTHIA FUNARO TOWERS ESQ

VICE CHAIR

Total calculated

$0

Hours/week

2
VERNICE LEWIS

DIRECTOR

Total calculated

$0

Hours/week

2
LIV CARTER

DIRECTOR

Total calculated

$0

Hours/week

2
ALLEN RIDDICK

DIRECTOR

Total calculated

$0

Hours/week

2
DALE BUDDINE

DIRECTOR

Total calculated

$0

Hours/week

2
ELIZABETH WALSH

PRESIDENT

Total calculated

$241,431

From this org

$204,737

From related orgs

$0

Other

$36,694

Hours/week

40

Schedule J breakdown matched by us

Base

$204,737

Bonus

$0

Other

$0

Deferred

$6,301

Nontaxable benefits

$30,393

Filer's total

$241,431

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

2 · Substantiation required before reimbursing expenses
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

The filer's explanations (Part III)

PART I, LINE 3: THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS AND DISCUSSES THE COMPENSATION OF THE PRESIDENT ANNUALLY. CONSIDERATION IS GIVEN TO THE COMPENSATION OF CEOS AND/OR PRESIDENTS OF SIMILAR ORGANIZATIONS USING THE REPORTED EARNINGS IN THEIR FORM 990S AND OTHER PUBLICLY AVAILABLE SOURCES. THE EXECUTIVE COMMITTEE RECOMMENDS COMPENSATION ACTIONS TO THE FULL BOARD FOR APPROVAL ANNUALLY.

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: 2025
Filed: 14 July 2026
IRS schema version: 2025v4.2
Source object: 202642019349300624

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