Overview
What is Women's Enterprise Development Center In?
The Women's Enterprise Development Center In, located in North White Plains, New York, is a nonprofit organization dedicated to empowering entrepreneurs. During the pandemic, they proactively adapted their services to meet the needs of small business owners, offering virtual training programs, counseling sessions, and assistance in accessing funding from the Small Business Administration. Their primary mission is to empower entrepreneurs to build successful businesses by providing high-quality training, advisory services, and access to capital. In 2022, they served a diverse clientele, including 619 Spanish-speaking and 610 English-speaking clients, and submitted numerous funding applications and training session proposals. The center serves both women and men and is open to all population groups, with a majority of their clients being Caucasian, Latino/Hispanic, and African American.
Official website here: www.wedcbiz.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
The Women's Enterprise Development Center (WEDC) has achieved an impressive 96% score from Charity Navigator, which reflects its strong accountability and financial practices. The organization demonstrates commitment to transparency, with an independent board consisting of all 14 members and robust financial oversight measures in place. Additionally, WEDC has maintained a very low liabilities-to-assets ratio and a high program expense ratio, indicating effective use of funds towards its mission.
User feedback from Great Nonprofits highlights positive experiences with WEDC events and the organization's role in supporting women entrepreneurs. A reviewer noted the enriching nature of the events and the quality of the honorees, emphasizing WEDC’s impact in fostering a community of successful businesswomen. The review underscores the organization’s reputation as a reliable resource for aspiring female entrepreneurs in the local area.
While the overall feedback is highly favorable, it is important for the organization to continue engaging with its community to maintain and enhance its reputation. Ongoing communication and outreach can further strengthen its support network for women striving for success in entrepreneurship.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Women's Enterprise Development Center In?
92% of 20 reviewers on Facebook recommend the Women's Enterprise Development Center. Here is a summary of their reviews:
Many participants highlighted the value of the 60-hour Entrepreneurial Course, describing it as transformative and instrumental in elevating their businesses. The course is frequently viewed as a priceless resource, indicating that users feel they receive substantial support and education that enhances their entrepreneurial skills.
Overall, there is a strong sentiment of satisfaction among those who have engaged with the Women's Enterprise Development Center, suggesting that the organization effectively delivers on its promise to empower women entrepreneurs through quality training and resources.
This AI summary has been generated from reviews found on Facebook.
Is Women's Enterprise Development Center In legitimate?
Women's Enterprise Development Center In is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Enterprise Development Center In 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: $126,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $758,208
For more financial information, click here
Official website here: www.wedcbiz.org
What is the mission statement of Women's Enterprise Development Center In?
The Women's Enterprise Development Center (WEDC) aims to empower entrepreneurs by offering high-quality training programs, advisory services, and access to capital. This initiative is designed to foster economic growth in the regions of Westchester County and the Hudson Valley. During the pandemic, WEDC responded promptly to the needs of small business owners, conducting virtual training programs and counseling sessions. Their services focused on helping clients access funding from the Small Business Administration, particularly for the Paycheck Protection and Economic Injury Disaster Loan programs. WEDC also assisted clients in rethinking their business models. In 2022, they served 619 Spanish-speaking clients and 610 English-speaking clients, among other significant contributions.
Official website here: www.wedcbiz.org
Who is the CEO of Women's Enterprise Development Center In?
Nikki Hahn is the President/Director of Women's Enterprise Development Center In. The CEO's salary of Women's Enterprise Development Center In is $120,000 and their total compensation is $120,000.
Official website here: www.wedcbiz.org
What is the revenue of Women's Enterprise Development Center In?
Women's Enterprise Development Center In's revenue in 2022 was $1,781,258.
Official website here: www.wedcbiz.org
Who are the executives of Women's Enterprise Development Center In and what are their salaries?
The average compensation at Women's Enterprise Development Center In during 2022 was $46,537. There are 19 employees and 150 volunteers at Women's Enterprise Development Center In.
Here are 17 key members and their salaries (Women's Enterprise Development Center In's CEO's salary is $120,000 and their total compensation is $120,000):
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Official website here: www.wedcbiz.org
Where can I find the form 990 for Women's Enterprise Development Center In?
Women's Enterprise Development Center In's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wedcbiz.org
Learn more at the official website: www.wedcbiz.org
Mission Statement of Women's Enterprise Development Center In
The Women's Enterprise Development Center, or WEDC, is a nonprofit organization dedicated to empowering entrepreneurs by providing high-quality training programs, advisory services, and access to capital. Its mission is to foster economic growth in Westchester County and the Hudson Valley by aiding women entrepreneurs in building successful businesses. Throughout the pandemic, WEDC has been proactive in meeting the needs of small business owners, conducting virtual training programs and counseling sessions. These services included helping clients access funding from the Small Business Administration's Paycheck Protection and Economic Injury Disaster Loan programs. Additionally, WEDC has assisted clients in rethinking their business models. In 2022, WEDC served a diverse clientele, with 619 Spanish-speaking clients and 610 English-speaking clients. The organization has also submitted MWBE applications, offered numerous training sessions, provided extensive technical assistance, and submitted numerous COVID-19 responsive funding submissions. WEDC serves both women and men, and its services are available to all population groups, with the majority of its clients being Caucasian, Latino/Hispanic, and African American.
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Impact
October, 2024
The Women's Enterprise Development Center (WEDC) significantly impacts women entrepreneurs in Westchester County and the lower and mid-Hudson Valley by providing essential training, advisory services, and access to capital. Throughout the pandemic, WEDC swiftly adapted its offerings to meet the evolving needs of small business owners, facilitating virtual training programs and counseling sessions that focused on crucial financial assistance options, such as the Paycheck Protection Program and Economic Injury Disaster Loans.
In 2022, WEDC effectively supported 1,229 unique clients, including 619 Spanish-speaking entrepreneurs and 610 English-speaking entrepreneurs, demonstrating its commitment to diverse populations. The organization also played a vital role in assisting clients with rethinking their business models during challenging times. Over the year, WEDC submitted 11 Minority and Women-Owned Business Enterprise (MWBE) applications, hosted 98 training sessions, provided more than 1,000 hours of technical assistance, and submitted 159 applications for COVID-responsive funding.
WEDC’s services are inclusive, catering to both women and men across various demographic groups, although a significant portion of those served are Caucasian, Latino/Hispanic, and African American. By empowering entrepreneurs through high-quality training and access to crucial resources, WEDC fosters economic growth and enhances employment opportunities within the region.
This information is meant to be a general summary of Women's Enterprise Development Center In. 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 2022.
- Investment Income: $94
- Program Service Revenue: $178,866
- Gross Receipts: $1,800,742
Assets and Liabilities:
- Total Assets: $1,838,406
- Total Liabilities: $268,117
- Net Assets: $1,570,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$178,866
Organization Details
Founding Year
1997
Phone
(914) 948-6098Principal Officer
Nikki Hahn
Main Address
901 NORTH BROADWAY 23, NORTH WHITE PLAINS, NY, 10603
Website
www.wedcbiz.orgNTEE Category
Code: J21 - Employment
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