Wbec Metro Ny And Greater Dmv Inc
- Assets
- $3.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 22
- Location
- New York, NY
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 13-4068968
Organization Overview
Wbec Metro Ny And Greater Dmv Inc is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Wbec Metro NY And Greater Dmv Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wbec Metro NY And Greater Dmv 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 12/2022, Wbec Metro NY And Greater Dmv Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE EQUAL OPPORTUNITIES FOR WOMEN-OWNED BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ("WBEC NY DMV") HOLDS EDUCATIONAL SEMINARS & WORKSHOPS FOR WOMEN- OWNED BUSINESSES IN THE PRIVATE SECTOR TO PROMOTE THE DEVELOPMENT OF EQUAL OPPORTUNITIES AND NEW MARKETS. EACH YEAR, WBEC NY DMV HOLDS WEEKLY AND MONTHLY EDUCATIONAL SEMINARS & WORKSHOPS IN THE DC REGION SERVING APPROXIMATELY 3,500 ATTENDEES. WBEC NY DMV ALSO HELD WEEKLY AND MONTHLY SEMINARS/WORKSHOPS IN THE NEW YORK REGION SERVING APPROXIMATELY 4,000 ATTENDEES. THE ORGANIZATION CONTINUED TO OFFER THE SAGE ADVICE PROGRAM, SERVING 25 WOMEN IN START-UP AND YOUNG BUSINESS PHASES WHO NEED TO LEARN SKILLS AROUND BUDGETING, INSURANCE, SALES AND MARKETING, AND BUSINESS PLANNING. THE ORGANIZATION CONTINUED THE AMPLIFY MASTERMIND PROGRAM FOR BLACK OWNED BUSINESES WHO NEED TO LEARN SKILLS AROUND BUDGETING, INSURANCE, SALES AND MARKETING AND BUSINESS PLANNING, THROUGH A CULTURAL LENSE. THE ORGANIZATION ALSO OFFERED A PROGRAM INTRODUCING BUSINESS OWNERS TO THE LANGUAGE OF SUSTAINABILITY AND HOW TO DOCUMENT AND COMMUNICATE THEIR EFFORTS AROUND SUSTAINABILITY TO THEIR BUSINESS STAKEHOLDERS. THE ORGANIZATION ALSO OFFERED A VIRTUAL MATCHMAKING PROGRAM FOR BUSINESS OWNERS TO MEET ONE-ON-ONE WITH CORPROATE BUYERS. ALSO OFFERED IS A ONE PAGE BUSINESS PLAN PROGRAM WHERE BUSINESS OWNERS CREATED A ONE PAGE ACTIONABLE PLAN FOR THEIR BUSINESSES THAT THEY COULD SHARE THROUGHOUT THEIR COMPANIES.
THE ORGANIZATION CERTIFIES WOMEN-OWNED BUSINESSES WHICH IS INTENDED TO INCREASE OPPORTUNITIES AND LEVEL THE PLAYING FIELD FOR WOMEN-OWNED BUSINESSES. IN 2022, THE ORGANIZATION PROCESSED OVER 3,000 APPLICATIONS AND RENEWALS FOR CERTIFICATION IN THE NEW YORK AND DMV REGIONS.
THE ORGANIZATION PARTICIPATES IN VARIOUS PUBLIC SEMINARS AND CONFERENCES BY PROVIDING PROFESSIONAL SPEAKERS TO EDUCATE WOMEN- OWNED BUSINESSES ABOUT EQUAL OPPORTUNITIES AND CONNECTING WOMENS BUSINESS ENTERPRISES WITH SUCH OPPORTUNITIES IN THE PRIVATE AND PUBLIC SECTORS. OUTREACH PROGRAMS REACH OVER 5,000 PEOPLE DURING THE YEAR. IN BOTH TERRITORIES, THE REGIONAL DIRECTORS ALSO PARTICIPATE IN OTHER OUTREACH PROGRAMS. THE ORGANIZATION PUBLISHES WEEKLY AND MONTHLY BULLETINS TO EDUCATE WOMEN-OWNED BUSINESSES ABOUT INCREASING THEIR OPPORTUNITIES, CIRCULATION IS APPROXIMATELY 4,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Eberhard President | OfficerTrustee | 40 | $284,821 |
Jennifer Collins Vice Chair | OfficerTrustee | 1 | $0 |
Miriama O Davis Director | Trustee | 1 | $0 |
Reuben Essandoh Director | Trustee | 1 | $0 |
Lynne Marie Finn Vice Chair | OfficerTrustee | 1 | $0 |
Susan Feiner Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Titanium Worldwide Llc Website Design | 12/30/22 | $248,479 |
Linda A Hamilton Cpa Llc Accounting/tax | 12/30/22 | $156,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $996,765 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $996,765 |
| Total Program Service Revenue | $1,536,121 |
| Investment income | $24,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,802 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,570,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $263,822 |
| Compensation of current officers, directors, key employees. | $26,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $749,892 |
| Pension plan accruals and contributions | $20,765 |
| Other employee benefits | $138,325 |
| Payroll taxes | $77,859 |
| Fees for services: Management | $119,184 |
| Fees for services: Legal | $33,404 |
| Fees for services: Accounting | $156,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,031 |
| Fees for services: Other | $0 |
| Advertising and promotion | $152,917 |
| Office expenses | $110,755 |
| Information technology | $70,657 |
| Royalties | $0 |
| Occupancy | $34,416 |
| Travel | $55,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $391,489 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,986 |
| Insurance | $7,955 |
| All other expenses | $1,000 |
| Total functional expenses | $2,405,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,034,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $626,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,842 |
| Net Land, buildings, and equipment | $95,889 |
| Investments—publicly traded securities | $1,171,568 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,960,234 |
| Accounts payable and accrued expenses | $113,178 |
| Grants payable | $0 |
| Deferred revenue | $509,835 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $623,013 |
| Net assets without donor restrictions | $2,337,221 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,960,234 |