Womens Enterprise Development Center Inc

Organization Overview

Womens Enterprise Development Center Inc is located in North White Plains, NY. The organization was established in 2000. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. As of 12/2021, Womens Enterprise Development Center Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Enterprise Development Center 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 Enterprise Development Center Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 10.3% 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 Enterprise Development Center Inc has awarded 27 individual grants totaling $202,500. 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

SEE DETAILED STATEMENT OF PROGRAM SERVICE ACTIVITIES ON SCHEDULE O; SEE ALSO PART III

Describe the Organization's Program Activity:

Part 3 - Line 4a

WEDC PROVIDES TRAINING, ADVISORY SERVICES, AND ACCESS TO CAPITAL FOR WOMEN ENTREPRENEURS THROUGHOUT WESTCHESTER COUNTY AND THE LOWER AND MID-HUDSON VALLEY. THROUGHOUT THE PANDEMIC, WEDC HAS RESPONDED QUICKLY TO MEET THE NEEDS OF SMALL BUSINESS OWNERS BY CONDUCTING TRAINING PROGRAMS AND COUNSELING SESSIONS VIRTUALLY. THESE SERVICES INCLUDED A FOCUS ON HELPING CLIENTS ACCESS FUNDING FROM THE SMALL BUSINESS ADMINISTRATION FOR THE PAYCHECK PROTECTION AND ECONOMIC INDUSTRY DISASTER LOAN PROGRAMS. WEDC HAS ALSO ASSISTED CLIENTS IN NEED OF RETHINKING THEIR BUSINESS MODELS. DURING 2021, OVER 1,000 CLIENTS WERE SERVED AND 110 JOBS WERE CREATED IN RESPONSE TO COVID. SEE ALSO SCHEDULE O EXTENSIONS FOR PART I, LINE 1 AND PART III, LINE 4A. 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.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$36,765
Related organizations$0
Government grants $1,405,325
All other contributions, gifts, grants, and similar amounts not included above$333,690
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,775,780
Total Program Service Revenue$10,380
Investment income $146
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,000
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$10,855
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,781,451

Grants Awarded

Over the last fiscal year, Womens Enterprise Development Center Inc has awarded $202,500 in support to 27 organizations.

Grant RecipientAmount

8 POINT STUDIO

PURPOSE: MWBE COVID GRANT

$7,500

SUZANNE'S KITCHEN

PURPOSE: MWBE COVID GRANT

$7,500

BLOOM TRANS SERVICES LLC

PURPOSE: MWBE COVID GRANT

$7,500

DESIREE EDWARDS

PURPOSE: MWBE COVID GRANT

$7,500

LUSHIES

PURPOSE: MWBE COVID GRANT

$7,500

GPM PRESENTS INC

PURPOSE: MWBE COVID GRANT

$7,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Womens Enterprise Development Center Inc has recieved totaling $115,375.

Awarding OrganizationAmount
Business Outreach Center Network Inc

Brooklyn, NY

PURPOSE: Open for Business Program

$115,375
View Grant Recipient Profile

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