Womens Business Enterprise National Council
- Assets
- $11.3m
- Revenue
- $10.4m
- Investments
- $499.8k
- Employees
- 26
- Location
- Washington, DC
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 52-2023392
Organization Overview
Womens Business Enterprise National Council, operating under the name Wbenc, is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (R24) the organization is classified as: Womens Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Wbenc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wbenc 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, Wbenc generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $7.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Wbenc has awarded 112 individual grants totaling $14,232,587. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WBENC'S MISSION IS TO FUEL ECONOMIC GROWTH GLOBALLY BY IDENTIFYING, CERTIFYING, AND FACILITATING THE DEVELOPMENT OF WOMEN-OWNED BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFICATION - THE FOUNDATION OF WBENC'S MISSION IS TO PROVIDE WOMEN-OWNED BUSINESS CERTIFICATION SERVICES TO WOMEN'S BUSINESS ENTERPRISES (WBES). CERTIFICATION AUDITS VET WHETHER OR NOT WBES MEET THE STANDARDS OF BEING AT LEAST 51% OWNED, OPERATED, AND CONTROLLED BY A WOMAN OR WOMEN. IN ADDITION TO THE PERFORMANCE OF CERTIFICATION SERVICES, WBENC PROVIDES EDUCATIONAL AND NETWORKING OPPORTUNITIES TO CERTIFIED WBES.
VIRTUAL SUMMIT & SALUTE EVENT - IN 2021, DUE TO THE COVID-19 PANDEMIC, WBENC HELD A VIRTUAL SUMMIT & SALUTE EVENT IN PLACE OF THE USUAL IN-PERSON EVENT. THE EVENT SPANNED THE MONTH OF MARCH, 2021 AND PROVIDED SEVERAL VIRTUAL EDUCATIONAL SESSIONS EACH WEEK. THE SESSIONS TARGETED THREE AUDIENCES: 1) CERTIFIED WBES WHO SEEK GUIDANCE, SUPPORT AND NETWORKING AS THEY GROW THEIR BUSINESSES, 2) CORPORATE MEMBERS WHO SEEK TO NETWORK WITH CERTIFIED WBES AND TO ENHANCE THEIR OWN SUPPLIER DIVERSITY INITIATIVES, AND 3) OUTREACH PROGRAMMING TO FEMALE ENTREPRENEURS CONSIDERING CERTIFICATION.
MEMBERSHIP - WBENC'S CORPORATE MEMBERSHIP BASE CONSISTS OF LARGE COMPANIES THAT SEEK TO DIVERSIFY THEIR SUPPLY CHAINS THROUGH INCLUSION OF CERTIFIED WOMEN-OWNED BUSINESSES. CORPORATE MEMBERS RECEIVE ACCESS TO WBENC'S DATABASE OF 16,000+ CERTIFIED WOMEN-OWNED BUSINESSES AND THEY MAY USE THIS DATABASE TO SEARCH FOR POTENTIAL SUPPLIERS. IN ADDITION, WBENC FACILITATES NETWORKING OPPORTUNITIES TO CONNECT CORPORATE MEMBERS TO CERTIFIED WBES AND PROVIDES EDUCATIONAL OPPORTUNITIES AIMED AT ASSISTING CORPORATE MEMBERS WITH THE DEVELOPMENT AND GROWTH OF THEIR SUPPLIER DIVERSITY INITIATIVES.
OTHER PROGRAMS - OTHER PROGRAM SERVICES INCLUDES THE VIRTUAL NATIONAL CONFERENCE, EXECUTIVE EDUCATION, AND OTHER PROGRAMS. EXECUTIVE EDUCATION ENCOMPASSES THE WBENC-TUCK PROGRAM, WETHRIVE, THE ENERGY EXECUTIVE PROGRAM, AND WBENC'S TWO EDUCATION SCHOLARSHIP FUNDS. OTHER PROGRAMS ENCOMPASSES OUTREACH PROGRAMS, FINANCIAL GUIDANCE AND RESOURCE PROGRAMS, AND RECOGNITION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Prince-Eason President & CEO | OfficerTrustee | 40 | $419,348 |
Patricia Birmingham Vp, Marketing & Technology | Officer | 40 | $311,134 |
Laura Taylor Vp, Financial Services & Wbe Engagement | Officer | 40 | $267,811 |
Jill Sasso Chief Operating Officer | Officer | 40 | $242,818 |
Mia Delano Vp, Business Development & Engagement | Officer | 40 | $154,312 |
Andrew Gaeckle Senior Director, Strategic Financial Services | 40 | $143,089 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intelice Solutions Llc It Managed Services | 12/30/21 | $133,650 |
Jack I Bender & Sons Property Management Services | 12/30/21 | $382,705 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $485,830 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,898,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,383,911 |
| Total Program Service Revenue | $6,023,656 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,443 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,413,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,498,724 |
| Grants and other assistance to domestic individuals. | $195,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $782,647 |
| Compensation of current officers, directors, key employees. | $128,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,348,283 |
| Pension plan accruals and contributions | $170,659 |
| Other employee benefits | $551,385 |
| Payroll taxes | $214,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,224 |
| Fees for services: Accounting | $51,918 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,895 |
| Advertising and promotion | $0 |
| Office expenses | $88,801 |
| Information technology | $287,077 |
| Royalties | $0 |
| Occupancy | $336,040 |
| Travel | $57,564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $807,015 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,546 |
| Insurance | $11,514 |
| All other expenses | $0 |
| Total functional expenses | $7,643,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,808,804 |
| Savings and temporary cash investments | $1,397,037 |
| Pledges and grants receivable | $479,375 |
| Accounts receivable, net | $1,240,881 |
| 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 | $699,919 |
| Net Land, buildings, and equipment | $104,610 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $499,823 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,610 |
| Total assets | $11,326,059 |
| Accounts payable and accrued expenses | $1,189,454 |
| Grants payable | $0 |
| Deferred revenue | $2,429,991 |
| 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 | $574,727 |
| Total liabilities | $4,194,172 |
| Net assets without donor restrictions | $4,344,150 |
| Net assets with donor restrictions | $2,787,737 |
| 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 | $11,326,059 |
Grants Awarded
Over the last fiscal year, Womens Business Enterprise National Council has awarded $1,498,724 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $184,979 |
Mesa, AZ PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $157,105 |
Philadelphia, PA PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $132,596 |
New York, NY PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $132,522 |
Livonia, MI PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $127,621 |
Irving, TX PURPOSE: TO SUBSIDIZE WBENC CERTIFICATION WORK. | $108,816 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Womens Business Enterprise National Council has recieved totaling $541,505.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $500,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $26,500 |
Aarp Washington, DC PURPOSE: Sponsorship of the WBENC conference | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $73,100 |
| Ending Balance | $73,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Education Fund Arlington, VA | $5,767,032 | $9,955,573 |
National Partnership For Women And Families Inc Washington, DC | $25,541,329 | $5,897,518 |
Womens Business Enterprise National Council Washington, DC | $11,326,059 | $10,413,108 |
Just Associates Inc Washington, DC | $26,815,142 | $4,343,292 |
Independent Womens Forum Winchester, VA | $1,546,796 | $5,680,509 |
National Organization For Women Inc Washington, DC | $1,624,467 | $3,801,315 |
Center For Voter Information Washington, DC | $3,604,211 | $3,163,510 |
Ultraviolet Education Fund Washington, DC | $2,235,451 | $3,245,169 |
Independent Womens Voice Winchester, VA | $1,652,105 | $1,931,380 |
Maryland Coalition Against Sexual Assault Inc Silver Spring, MD | $325,198 | $1,912,294 |
Womens Learning Partnership For Rights Development And Peace Ltd Bethesda, MD | $1,897,557 | $1,755,437 |
National Womens Law Center Action Fund Washington, DC | $493,545 | $1,694,937 |