Womens Business Enterprise Council South
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- New Orleans, LA
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 72-1282436
Organization Overview
Womens Business Enterprise Council South is located in New Orleans, LA. The organization was established in 1997. As of 12/2022, Womens Business Enterprise Council South employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Business Enterprise Council South 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, Womens Business Enterprise Council South generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 13.3% 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
TO ADVANCE AND ENHANCE BUSINESS OPPORTUNITIES BETWEEN WOMEN-OWNED BUSINESSES AND CORPORATIONS THROUGH A REPUTABLE CERTIFICATION PROGRAM, EDUCATION, AND PROFESSIONAL GROWTH OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOSTED ITS ANNUAL MEETING WHICH ALLOWED OVER 500 WONEM- OWNED BUSINESSES TO MEET WITH CURRENT AND POTENTIAL WOMEN-OWNED SUPPLIERS, PROVIDED NETWORKING AND MARKETING OPPORTUNITIES FOR MEMBERS TO SHOWCASE THEIR GOODS AND SERVICES.
OTHER
THE ORGANIZATION CONDUCTED ITS HOLIDAY LUNCHEON WHICH FEATURED A KEYNOTE SPEAKER AND HONORED MEMBERS DURING THE AWARDS RECOGNITION CEREMONY.
THE ORGANIZATION OFFERS SCHOLARSHIPS TO AN OWNER OF A WBE FIRM OR A MEMBER OF HER MANAGEMENT TEAM AND THE ENTITY MUST BE CERTIFIED BY WBEC SOUTH IN GOOD STANDINGS FOR AT LEAST ONE YEAR. THE SCHOLARSHIPS ARE INTENDED TO STRENGTHEN THE MANAGEMENT SKILLS OF A WBE MEMBER WHOSE SUCESS COULD BE ENHANCED BY ATTENDING EDUCATIONAL SEMINARS, TO EXPAND PUBLIC AWARENESS OF WOMEN-OWNED BUSINESSES, AND TO REWARD INVOLVEMENT OF MEMBERS OF WOMEN'S BUSINESS ENTERPRISE COUNCIL SOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $0 |
Alta Baker Director | Trustee | 2 | $0 |
Ronda Brown-Quarles Director | Trustee | 2 | $0 |
Jan Cable Director | Trustee | 2 | $0 |
Bridget Carter Director | Trustee | 2 | $0 |
Donavan Casanave Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colmex Construction Construction | 12/30/19 | $795,185 |
Kv Workspace Llc Consulting | 12/30/19 | $226,324 |
Ink Building Venture Group Rent | 12/30/19 | $138,368 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $583,342 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $264,634 |
| All other contributions, gifts, grants, and similar amounts not included above | $843,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,691,563 |
| Total Program Service Revenue | $15,843 |
| 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 | $1,708,306 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $681,479 |
| Pension plan accruals and contributions | $8,352 |
| Other employee benefits | $43,136 |
| Payroll taxes | $50,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,925 |
| Fees for services: Accounting | $60,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,012 |
| Advertising and promotion | $30,238 |
| Office expenses | $28,903 |
| Information technology | $71,312 |
| Royalties | $0 |
| Occupancy | $582,234 |
| Travel | $99,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,929 |
| Interest | $57,284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,155 |
| Insurance | $17,194 |
| All other expenses | $16,240 |
| Total functional expenses | $2,226,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,861 |
| Savings and temporary cash investments | $1,222,647 |
| Pledges and grants receivable | $232,501 |
| Accounts receivable, net | $1,258,625 |
| 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 | $10,035 |
| Net Land, buildings, and equipment | $29,915 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,547 |
| Total assets | $2,844,131 |
| Accounts payable and accrued expenses | $247,759 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,214,734 |
| Other liabilities | $0 |
| Total liabilities | $1,462,493 |
| Net assets without donor restrictions | $1,381,638 |
| 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 | $2,844,131 |