Womens Business Development Council Inc

Organization Overview

Womens Business Development Council Inc is located in Stamford, CT. The organization was established in 1997. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Womens Business Development Council Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Business Development Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Womens Business Development Council Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Womens Business Development Council Inc has awarded 201 individual grants totaling $2,593,405. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WBDC HELPS WOMEN ACHIEVE ECONOMIC SELF-RELIANCE BY EDUCATING AND COUNSELING THEM TO START AND GROW BUSINESSES, RESULTING IN JOB CREATION AND COMMUNITY VITALITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MISSION OF THE WOMEN'S BUSINESS DEVELOPMENT COUNCIL (WBDC) IS TO STRENGTHEN AND SUPPORT ECONOMIC SUCCESS FOR WOMEN THROUGH ENTREPRENEURIAL SERVICES THAT LAUNCH AND GROW BUSINESSES ACROSS CONNECTICUT. WBDC SERVES CLIENTS FROM CONNECTICUT'S 169 CITIES AND TOWNS FROM ITS THREE REGIONAL OFFICES ACROSS THE STATE: NEW HAVEN, STAMFORD AND NEW LONDON. SINCE 1997 WBDC HAS BEEN PROVIDING THE TRAINING NECESSARY TO GUIDE ASPIRING, EMERGING, AND ESTABLISHED ENTREPRENEURS ALONG THEIR GROWTH JOURNEY. SERVICES OFFERED INCLUDE THE FOLLOWING:EDUCATIONAL OPPORTUNITIES: 1:1 BUSINESS ADVISING, CLASSES (IN-PERSON AND VIRTUAL), ON-DEMAND LEARNING, MENTORING.IN ADDITION TO TRAINING, WBDC BELIEVES IN CONNECTING OUR CLIENTS, DONORS, AND OTHER STAKEHOLDERS, FOSTERING BUSINESS GROWTH THROUGH COLLABORATION AND TEAM SUPPORT.COMMUNITY ENGAGEMENTS: WBDC CONNECT MEMBERSHIP, COURAGEOUS CONVERSATIONS PODCAST, ANNUAL GALA & FUNDRAISING EVENTS, VIRTUAL MARKETPLACE, PUBLIC SPEAKING & MEDIA OPPORTUNITIES.FINANCIAL RESOURCES: WBDC HELPS ITS CLIENTS IDENTIFY SOURCES OF CAPITAL WHICH ALIGN WITH THEIR UNIQUE BUSINESS NEEDS AND PROVIDES GUIDANCE THROUGH THE APPLICATION AND COMPLIANCE PROCESS. RESOURCES INCLUDE WBDC'S OPPORTUNITY FUND GRANTS, BANK AND NON-BANK LOANS, PRIVATE INVESTMENTS, FEDERAL AND STATE COVID-19 RELIEF, OTHER NON-TRADITIONAL LOANS AND GRANTS.BUSINESS SUPPORT PROGRAM FOR CT CHILD CARE PROVIDERS: WBDC OFFERS A COMPREHENSIVE SUITE OF BUSINESS DEVELOPMENT SERVICES SUPPORTING CT CHILD CARE PROVIDERS, HOME AND CENTER-BASED, TO HELP THEM LAUNCH, SUSTAIN, AND GROW THEIR BUSINESSES. THE CHILD CARE BUSINESS DEVELOPMENT PROGRAM CATERS EXCLUSIVELY TO THE BUSINESS NEEDS OF THE CHILDCARE INDUSTRY: CUSTOMIZED ENTREPRENEURIAL TRAINING & TECHNICAL ASSISTANCE, PERSONAL FINANCIAL TRAINING & COACHING, MENTORING, FISCAL AND TECHNOLOGY INCENTIVES, ADVOCACY, TRAIN THE TRAINER.


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Board, Officers & Key Employees

Name (title)Compensation
Fran Pastore
President And CEO
$250,386
Dorothy Bratchell
COO
$156,788
Brenda Thickett
VP Of Programs
$120,000
Tracy Gibbons
CFO
$75,000
Sharon Kane
Vice Chair
$0
Elizabeth T Hirsch
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$346,349
Related organizations$0
Government grants $2,974,722
All other contributions, gifts, grants, and similar amounts not included above$1,956,664
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,277,735
Total Program Service Revenue$19,542
Investment income $802
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$39,113
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,259,067

Grants Awarded

Over the last fiscal year, Womens Business Development Council Inc has awarded $828,875 in support to 86 organizations.

Grant RecipientAmount

FIRST CALVARY BAPTIST CHURCH

PURPOSE: CHILD CARE GRANTS

$16,466

ARCHITECTURAL STONE LLC

PURPOSE: EQUITY GRANTS

$10,000

BARKAR INC DBA BK&CO

PURPOSE: EQUITY GRANTS

$10,000

BLAZING FRESH DONUTS LLC

PURPOSE: EQUITY GRANTS

$10,000

A LITTLE COMPASSION INC

PURPOSE: EQUITY GRANTS

$10,000

ASHLI ESTEVES-NELSON

PURPOSE: EQUITY GRANTS

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 24 grants that Womens Business Development Council Inc has recieved totaling $809,101.

Awarding OrganizationAmount
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

$150,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

$150,000
Steven & Alexandra Cohen Foundation Inc

Stamford, CT

PURPOSE: WORKFORCE DEVELOPMENT

$100,000
Fairfield Countys Community Foundation Inc

Norwalk, CT

PURPOSE: FOR GENERAL SUPPORT.

$73,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$50,000
Tudor Foundation Inc

Stamford, CT

PURPOSE: CHARITABLE PURPOSES

$50,000
View Grant Recipient Profile

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