Overview
What is Weconnect International Inc?
Weconnect International Inc, a Washington, D.C.-based nonprofit, is dedicated to empowering women business owners globally. With a mission to foster sustainable economic growth, they identify, educate, and certify businesses that are at least 51% owned, managed, and controlled by women. Their primary focus is on enhancing the capacity and confidence of these women entrepreneurs, enabling them to expand their businesses and tap into global value chains. Weconnect International achieves this through a localized curriculum tailored to participants' needs, thereby helping these women-led enterprises thrive in the international marketplace. With a workforce of 30 individuals, they are committed to creating opportunities for women in business on a global scale.
Official website here: www.weconnectinternational.org/
What are the reviews and ratings of this charity?
**Weconnect International Inc (EIN: 271153340)**
**Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)**
Weconnect International Inc has earned a commendable Four-Star rating from Charity Navigator, which reflects a strong focus on accountability and financial efficiency. The organization demonstrates excellent governance with 100% independent board members and a robust financial oversight structure. Its significant commitment to its mission of empowering women-owned businesses in global markets is evident through high program expenses and effective fundraising efficiency.
Despite the excellent scores, there are concerns regarding the salaries of key personnel, which may raise questions about resource allocation in relation to mission impact. Nonetheless, the organization has adapted well to challenges, such as the pandemic, by transitioning to a virtual format for events and maintaining operational stability.
User reviews from GreatNonprofits could not be fetched, so there is no additional user feedback to provide insights into public sentiment. Overall, Weconnect International Inc appears to be a well-managed organization with clear goals aimed at supporting women entrepreneurs.
This AI summary has been generated from information found on Charity Navigator.
Is Weconnect International Inc legitimate?
Weconnect International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Weconnect International 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: $777,662
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,942,424
For more financial information, click here
Official website here: www.weconnectinternational.org/
What is the mission statement of Weconnect International Inc?
WeConnect International, a 501(c)(3) non-profit organization, is dedicated to fostering sustainable economic growth by expanding opportunities for women-owned businesses in global value chains. Their mission involves identifying, educating, and certifying businesses that are at least 51% owned, managed, and controlled by women. Through their capacity-building initiatives, they aim to strengthen the skills and confidence of these women entrepreneurs, enabling them to expand their businesses by accessing global markets. This is achieved through locally tailored educational programs that cater to the specific needs of the participants.
Official website here: www.weconnectinternational.org/
Who is the CEO of Weconnect International Inc?
Elizabeth A Vazquez is the President of Weconnect International Inc.
Official website here: www.weconnectinternational.org/
What is the revenue of Weconnect International Inc?
Weconnect International Inc's revenue in 2022 was $8,545,752.
Official website here: www.weconnectinternational.org/
Who are the executives of Weconnect International Inc and what are their salaries?
The average compensation at Weconnect International Inc during 2022 was $90,670. There are 30 employees at Weconnect International Inc.
Here are 25 key members and their salaries:
- Compensation: $320,105
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- Other: $22,500
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- Other: $18,047
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- Other: $14,459
- Compensation: $128,045
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- Other: $15,295
- Compensation: $125,036
- Related: $0
- Other: $17,333
- Compensation: $112,877
- Related: $0
- Other: $3,509
- Compensation: $113,773
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Official website here: www.weconnectinternational.org/
Where can I find the form 990 for Weconnect International Inc?
Weconnect International Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.weconnectinternational.org/
Learn more at the official website: www.weconnectinternational.org/
Mission Statement of Weconnect International Inc
WeConnect International, a renowned 501(c)(3) non-profit organization, is dedicated to fostering sustainable economic growth by expanding opportunities for women-owned businesses in global value chains. Its mission is to identify, educate, and certify businesses that are at least 51% owned, managed, and controlled by women. By doing so, WeConnect International aims to empower these businesses, helping them to think bigger and grow effectively. The organization accomplishes this by providing them with access to valuable markets, tailoring its approach to meet the specific needs of the participants. This capacity building initiative serves to boost the confidence of women business owners, enabling them to make significant strides in their respective industries.
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Impact
October, 2024
WeConnect International Inc plays a crucial role in empowering women-owned businesses to thrive within global value chains. By focusing on capacity building, the organization strengthens the skills and confidence of women business owners, enabling them to think bigger and grow their enterprises. It achieves this through tailored, localized curricula that align with the specific needs of participants, ensuring that the training is relevant and impactful.
The organization identifies, educates, and certifies women-owned businesses that are at least 51% owned, managed, and controlled by women, creating pathways for these enterprises to access broader markets. This not only contributes to sustainable economic growth but also helps diversify and enrich the global marketplace by incorporating diverse perspectives and innovations. By fostering connections and providing resources, WeConnect International Inc significantly enhances the opportunities available to women entrepreneurs, ultimately driving forward the economic empowerment of women around the world.
This information is meant to be a general summary of Weconnect International 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 2022.
- Investment Income: $6,744
- Program Service Revenue: $3,848,772
- Gross Receipts: $8,651,709
Assets and Liabilities:
- Total Assets: $4,532,219
- Total Liabilities: $1,326,547
- Net Assets: $3,205,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Certification Fees
Revenue
$500,058
Membership Dues
Revenue
$2,849,608
Program Revenue
Revenue
$499,106
Organization Details
Founding Year
2009
Phone
(202) 810-6000Principal Officer
Elizabeth A Vazquez
Main Address
1100 H Street NW 530, Washington, DC, 20005
NTEE Category
Code: Q33 - International
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