Overview
What is Women's Business Development Center?
The Women's Business Development Center, situated in Chicago, Illinois, is a nonprofit organization dedicated to fostering business growth and development, particularly focusing on women, underserved communities, and veterans. Their mission involves providing essential support to enhance these groups' economic participation and impact. The Access to Capital Program, a key initiative, offers financial assessments, counseling, loan application assistance, and direct lending, thereby aiding business owners in managing their finances more effectively. During the fiscal year, the Women's Business Development Center served as a subrecipient of federal grants, distributing approximately $900,000 to grantees and partners to administer six COVID-19 relief programs. With a workforce of 51 individuals, the center played a significant role in supporting the economic participation of its targeted communities.
Official website here: www.wbdc.org
Is Women's Business Development Center legitimate?
Women's Business Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Business Development Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $282,832
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,943,800
For more financial information, click here
Official website here: www.wbdc.org
What is the mission statement of Women's Business Development Center?
The Women's Business Development Center (WBDC) is dedicated to supporting and accelerating business development and growth, with a focus on empowering women, underserved communities, and veterans. The organization aims to strengthen their participation in, and impact on, the economy. The WBDC provides various resources, such as financial assessments, loan application assistance, and direct lending, through their Access to Capital program. They were also the subrecipient of federal grants, which they utilized to administer several COVID-19 relief programs, distributing approximately $900,000 to grantees and partners, serving over 1,100 individuals during that fiscal year.
Official website here: www.wbdc.org
Who is the CEO of Women's Business Development Center?
Emilia Dimenco is the President & Chief Executive of Women's Business Development Center. The CEO's salary of Women's Business Development Center is $171,339 and their total compensation is $236,634.
Official website here: www.wbdc.org
What is the revenue of Women's Business Development Center?
Women's Business Development Center's revenue in 2022 was $10,552,420.
Official website here: www.wbdc.org
Who are the executives of Women's Business Development Center and what are their salaries?
The average compensation at Women's Business Development Center during 2022 was $63,267. There are 51 employees and 40 volunteers at Women's Business Development Center.
Here are 26 key members and their salaries (Women's Business Development Center's CEO's salary is $171,339 and their total compensation is $236,634):
- Emilia Dimenco (President & Chief Executive) [Trustee/Director]
- Roxanne Ward (Chief Of Staff)
- Georgia Marsh (Chief Development Officer)
- Hedy M Ratner (Co-Founder & Co-President) [Trustee/Director]
- Mary Houpt (Director)
- Sandra Rand (Chair) [Trustee/Director]
- Linda Chaplik Harris (Vice Chair) [Trustee/Director]
- Michelle Blaise (2Nd Vice Chair) [Trustee/Director]
- Alison Chung (Secretary) [Trustee/Director]
- Cassandra Sanford (Assistant Secretary) [Trustee/Director]
- Eva Brown (Treasurer) [Trustee/Director]
- Beth Kieffer Leonard Cpa (Audit Committee Chair) [Trustee/Director]
- Rona Fourte (Audit Committee Vice Chair) [Trustee/Director]
- Debra Jennings-Johnson (Ex-Officio) [Trustee/Director]
- S Carol Dougal (Co-Founder & Co-President) [Trustee/Director]
- Laurel G Bellows (Director)
- Linda Boasmond (Director)
- Risa R Davis (Director)
- Megan Everett (Director)
- Patty Greene (Director)
- Michelle Kantor (Director)
- Jennifer Mariani (Director)
- Arabel Alva Rosales (Director)
- Renee Sang (Director)
- Jennifer Schlott-Rouzan (Director)
- Amy Yuhn (Director)
Official website here: www.wbdc.org
Where can I find the form 990 for Women's Business Development Center?
The Women's Business Development Center’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wbdc.org
Learn more at the official website: www.wbdc.org
Mission Statement of Women's Business Development Center
The Women's Business Development Center (WBDC) is committed to supporting and fostering business growth and development, with a specific focus on empowering women, underserved communities, and veterans. Its mission is to strengthen their participation in, and impact on, the economy. To achieve this, the WBDC provides resources and assistance, such as financial assessments, counseling, loan application help, and direct lending through its Access to Capital program. During fiscal year, the WBDC, as a subrecipient of federal grants, administered six COVID-19 relief programs, distributing approximately $900,000 to grantees and partners, serving a total of 1,112 individuals. By focusing on business development and growth, the Women's Business Development Center aims to empower these underrepresented groups and contribute to a more diverse and inclusive economic landscape.
Impact
This information is meant to be a general summary of Women's Business Development Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Women's Business Development Center has a significant impact on women and underserved communities by supporting and accelerating business development and growth. Through programs like the Access to Capital Program, the organization helps business owners gain a better understanding of their finances, provides loan application assistance, and offers direct lending services. Additionally, the WBDC administered several government COVID-19 relief programs, distributing approximately $900,000 to grantees and partners and serving 1,112 individuals during the fiscal year. By focusing on empowering women and other underserved groups in the economy, the WBDC plays a crucial role in strengthening their participation and impact on the business landscape.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WOMEN'S BUSINESS CERT FEES
Revenue
$1,314,570
NATIONAL CERT FEES
Revenue
$163,855
SEMINARS
Revenue
$17,762
PROGRAM INTEREST
Revenue
$16,309
LOAN FEES
Revenue
$1,556
Organization Details
Founding Year
1986
Phone
(312) 853-3477
Principal Officer
Emilia Dimenco
Main Address
8 S MICHIGAN AVENUE 400, CHICAGO, IL, 60603
Website
www.wbdc.org
NTEE Category
Code: S43 - Community improvement
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