Overview
What is Women's Business Development Council Inc?
Women's Business Development Council Inc, based in Stamford, Connecticut, is a nonprofit organization dedicated to empowering women's economic success. Through their three regional offices in New Haven, Stamford, and New London, they provide business advising, classes, mentoring, and on-demand learning opportunities for entrepreneurs from Connecticut's 169 cities and towns. By fostering collaboration and team support, they aim to connect stakeholders and promote business growth. Additionally, they engage the community through membership programs, fundraising events, podcasts, and public speaking opportunities. Financial resources include assistance with identifying suitable capital sources and guidance for application and compliance processes. They also offer specific business support programs for Connecticut child care providers. In essence, WBDC's mission is to educate, counsel, and champion women, leading to job creation, community vitality, and financial self-sufficiency.
Official website here: www.ctwbdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Women's Business Development Council Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in key areas such as independent board governance and financial oversight, the organization demonstrates a high level of transparency and responsible financial management, with a program expense ratio of 85.57%. This indicates that a significant portion of its funds is directed towards its programs, aligning with its mission to support women entrepreneurs.
The council boasts a fully independent board, which enhances its governance structure and adds credibility to its operations. The charity has established comprehensive policies, including conflict of interest and whistleblower protections, ensuring ethical practices are upheld. The organization’s commitment to accountability is further evidenced by its thorough financial audits and oversight measures.
While the ratings highlight numerous strengths, potential limitations were not noted in the available data. Overall, the Women's Business Development Council Inc stands out for its financial integrity and commitment to empowering women in business, making it a highly regarded choice for donors looking to support women's entrepreneurial initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Women's Business Development Council Inc legitimate?
Women's Business Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Business Development Council Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $922,470
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,856,091
For more financial information, click here
Official website here: www.ctwbdc.org
What is the mission statement of Women's Business Development Council Inc?
The Women's Business Development Council Inc's mission is to support and empower economic success for women by providing entrepreneurial and financial education. This organization aims to strengthen communities by launching and growing businesses, leading to job creation and financial self-sufficiency. The Council offers a range of services including one-on-one business advising, classes, mentoring, and connection opportunities to foster collaboration and team support. They also provide financial resources, guiding clients in identifying suitable capital sources for their unique business needs. Additionally, the Council offers a business support program for child care providers, catering to the specific needs of the industry.
Official website here: www.ctwbdc.org
Who is the CEO of Women's Business Development Council Inc?
Fran Pastore is the CEO of Women's Business Development Council Inc The CEO's salary of Women's Business Development Council Inc is $285,437 and their total compensation is $312,857.
Official website here: www.ctwbdc.org
What is the revenue of Women's Business Development Council Inc?
Women's Business Development Council Inc's revenue in 2023 was $7,391,783.
Official website here: www.ctwbdc.org
Who are the executives of Women's Business Development Council Inc and what are their salaries?
The average compensation at Women's Business Development Council Inc during 2023 was $84,199. There are 33 employees and 107 volunteers at Women's Business Development Council Inc.
Here are 25 key members and their salaries (Women's Business Development Council Inc's CEO's salary is $285,437 and their total compensation is $312,857):
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Official website here: www.ctwbdc.org
Where can I find the form 990 for Women's Business Development Council Inc?
Women's Business Development Council Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ctwbdc.org
Learn more at the official website: www.ctwbdc.org
Mission Statement of Women's Business Development Council Inc
The Women's Business Development Council Inc, a nonprofit organization, is committed to fostering economic self-reliance among women by offering educational and counseling services. Their mission is to assist, support, and champion the economic success of women by aiding them in launching and growing businesses. This initiative not only results in job creation but also contributes to the vitality of communities. By doing so, the Women's Business Development Council Inc aims to empower women, thereby strengthening the overall economic landscape.
Established with the vision to promote financial self-sufficiency, the Women's Business Development Council Inc serves clients from Connecticut's 169 cities and towns. With regional offices in New Haven, Stamford, and New London, the organization has been providing necessary training to aspiring, emerging, and established entrepreneurs since 1997. Their services encompass a range of educational opportunities such as one-on-one business advising, classes (both in-person and virtual), on-demand learning, and mentoring.
By connecting clients, donors, and other stakeholders, the Women's Business Development Council Inc encourages collaboration and team support, contributing to business growth. The organization also engages with the community through various initiatives like the WBDC Connect Membership, Courageous Conversations Podcast, Annual Gala & Fundraising Events, Virtual Marketplace, and Public Speaking & Media Opportunities. In addition to training, the Women's Business Development Council Inc offers financial resources, assisting clients in identifying sources of capital that align with their unique business needs. These resources include WBDC's Opportunity Fund Grants, bank and non-bank loans, private investments, federal and state COVID-19 relief, and other non-traditional loans and grants.
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Impact
July, 2024
Women's Business Development Council Inc's impact is significant in helping women achieve economic self-reliance through entrepreneurial education and counseling. By providing training, mentoring, and financial resources, WBDC empowers women to start and grow businesses across Connecticut, leading to job creation and community vitality. Their business support programs tailored to different industries, like the Child Care Business Development Program, further demonstrate their commitment to fostering sustainable businesses and promoting financial self-sufficiency among women. Through initiatives like educational opportunities, community engagements, and access to capital, WBDC plays a crucial role in empowering women entrepreneurs and strengthening the economic landscape of their communities.
This information is meant to be a general summary of Women's Business Development Council Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $19,493
- Program Service Revenue: $31,661
- Gross Receipts: $7,641,410
Assets and Liabilities:
- Total Assets: $3,422,440
- Total Liabilities: $1,301,165
- Net Assets: $2,121,275
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$31,661
Organization Details
Founding Year
1998
Principal Officer
Fran Pastore
Website
www.ctwbdc.orgNTEE Category
Code: B90 - Education
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