Great Lakes Womens Business Council
- Assets
- $4.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Livonia, MI
- Founding
- 09/1985
- Data as of
- 06/2022
- EIN
- 38-2571135
Organization Overview
Great Lakes Womens Business Council is located in Livonia, MI. The organization was established in 1985. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Great Lakes Womens Business Council employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes Womens Business Council 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 06/2022, Great Lakes Womens Business Council generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Great Lakes Womens Business Council has awarded 26 individual grants totaling $300,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST WOMEN AND MINORITIES WITH BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAN PROGRAM - PROVIDE SMALL BUSINESS LOANS TO START-UP AND EXISTING BUSINESS OWNERS IN SOUTHEASTERN MICHIGAN. PROGRAM ADDRESSES NEEDS OF LOW-INCOME, MINORITY AND WOMEN BUSINESS OWNERS. LOAN PORTFOLIO IS FUNDED PRIMARILY BY SBA AND LOCAL GOVERNMENT.
MEMBERSHIPS
WOMEN'S BUSINESS ENTERPRISE CERTIFICATION - PROVIDES CERTIFICATION PROGRAM FOR WOMEN OWNED BUSINESSES, INCLUDING TECHNICAL ASSISTANCE, COUNSELING AND RECOGNITION OF BUSINESS ACHIEVEMENTS.
BUSINESS DEVELOPMENT INITIATIVES - PROVIDE COMPREHENSIVE TRAINING, TECHNICAL ASSISTANCE AND PEER GROUP COUNSELING FOR WOMEN, LOAN RECIPIENTS, AND OTHER INDIVIDUALS WHO DESIRE TO START A SMALL BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred A Patrick Director | Trustee | 3 | $0 |
Angela Henderson President | OfficerTrustee | 5 | $0 |
April Diez Left April 2022 Director | Trustee | 3 | $0 |
Bashar Cholagh Director | Trustee | 3 | $0 |
Denise Booms-Pepin Director | Trustee | 3 | $0 |
Dr Rae Pearson Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $133,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,218,970 |
| All other contributions, gifts, grants, and similar amounts not included above | $530,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,882,744 |
| Total Program Service Revenue | $819,617 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,702,361 |
| 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. | $271,737 |
| Compensation of current officers, directors, key employees. | $83,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,159,855 |
| Pension plan accruals and contributions | $50,812 |
| Other employee benefits | $116,819 |
| Payroll taxes | $106,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,264 |
| Fees for services: Accounting | $114,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $332,541 |
| Advertising and promotion | $13,763 |
| Office expenses | $105,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,673 |
| Travel | $48,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,931 |
| Interest | $9,068 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,827 |
| Insurance | $5,049 |
| All other expenses | $9,001 |
| Total functional expenses | $2,713,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,454 |
| Savings and temporary cash investments | $2,822,307 |
| Pledges and grants receivable | $509,434 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $901,857 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,084 |
| Net Land, buildings, and equipment | $110,755 |
| Investments—publicly traded securities | $62,415 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,905 |
| Total assets | $4,549,211 |
| Accounts payable and accrued expenses | $163,263 |
| Grants payable | $0 |
| Deferred revenue | $346,416 |
| 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 | $1,486,318 |
| Other liabilities | $198,202 |
| Total liabilities | $2,194,199 |
| Net assets without donor restrictions | $1,923,493 |
| Net assets with donor restrictions | $431,519 |
| 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 | $4,549,211 |
Grants Awarded
Over the last fiscal year, Great Lakes Womens Business Council has awarded $150,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCED CABLE LLC PURPOSE: COVID-19 SMALL BUSINESS RELIEF | $7,500 |
AVE OFFICE SUPPLIES PURPOSE: COVID-19 SMALL BUSINESS RELIEF | $7,500 |
BIRDY BOUTIQUE LLC PURPOSE: COVID-19 SMALL BUSINESS RELIEF | $7,500 |
ANDERZAK'S PRECISION MACHINING INC PURPOSE: COVID-19 SMALL BUSINESS RELIEF | $7,500 |
BLUE DIAMOND LIMOUSINE & LUXURY TRANSPORT PURPOSE: COVID-19 SMALL BUSINESS RELIEF | $7,500 |
BLUESTONE EXECUITIVE COMMUNICATIONS LLC PURPOSE: COVID-19 SMALL BUSINESS RELIEF | $7,500 |