Overview
What is National Women Business Owners Corporation?
The National Women Business Owners Corporation, located in Fort Lauderdale, Florida, serves as the nation's first Women Business Enterprise (WBE) certifier. This nonprofit organization ensures that private, for-profit companies are genuinely controlled and owned by women, holding a 51% stake. Approved by the U.S. Small Business Administration (SBA), NWBOC provides certification for Women-Owned Small Business (WOSB) and Economically Disadvantaged Women-Owned Small Business (EDWOSB), offering considerable benefits to numerous women-owned businesses nationwide. Additionally, NWBOC certifies Minority Business Enterprises (MBEs) and Veteran Business Enterprises (VBES), fostering increased competition for corporate and government contracts, thereby supporting a diverse range of businesses.
Official website here: www.nwboc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
The National Women Business Owners Corporation has received a Three-Star rating from Charity Navigator, which indicates a solid level of accountability and finance management. The organization scored particularly well in key areas such as having a fully independent board and a high program expense ratio, reflecting its commitment to utilizing funds effectively for its mission.
The charity's fiscal year 2023 report shows no material diversion of assets and strong policies in place for conflict of interest, ensuring transparency and integrity in its operations. However, it is noted that the organization lacks a whistleblower policy and document retention and destruction policies, which could be areas for improvement in governance practices.
Overall, the organization demonstrates a strong commitment to supporting women business owners, as evidenced by its high program expense ratio of 85.68%. While the absence of certain policies warrants attention, the overall financial health and independent governance structure suggest a responsible organization working towards its goals.
This AI summary has been generated from information found on Charity Navigator.
Is National Women Business Owners Corporation legitimate?
National Women Business Owners Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Women Business Owners Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nwboc.org
What is the mission statement of National Women Business Owners Corporation?
The National Women Business Owners Corporation's mission is centered around increasing competition in the corporate and government contract market. They achieve this by certifying women, minority, and veteran-owned businesses. This certification program, led by the nation's first Women Business Enterprise (WBE) certifier, ensures that businesses are genuinely controlled and owned by a majority of women, meeting the 51% threshold. The corporation, approved by the U.S. Small Business Administration (SBA), provides two levels of certification: Women-Owned Small Business (WOSB) and Economically Disadvantaged Women-Owned Small Business (EDWOSB). These certifications can significantly benefit numerous women-owned companies nationwide. In addition to women-owned businesses, the corporation also certifies Minority Business Enterprises (MBEs) and Veteran Business Enterprises (VBES).
Official website here: www.nwboc.org
Who is the CEO of National Women Business Owners Corporation?
Phyllis Hill Slater is the Chairperson/ of National Women Business Owners Corporation.
Official website here: www.nwboc.org
What is the revenue of National Women Business Owners Corporation?
National Women Business Owners Corporation's revenue in 2022 was $636,455.
Official website here: www.nwboc.org
Who are the executives of National Women Business Owners Corporation and what are their salaries?
There 14 volunteers at National Women Business Owners Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $21,300
Official website here: www.nwboc.org
Where can I find the form 990 for National Women Business Owners Corporation?
National Women Business Owners Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwboc.org
Learn more at the official website: www.nwboc.org
Mission Statement of National Women Business Owners Corporation
The National Women Business Owners Corporation, abbreviated as NWBOC, is dedicated to fostering competition in the corporate and government contract marketplace. They achieve this objective by certifying women, minority, and veteran-owned businesses. By providing a nationwide certification program for women-owned enterprises, NWBOC ensures that these businesses are legitimately controlled and owned by women, with a minimum of 51% ownership. This certification, known as the Women Business Enterprise (WBE) certificate, is recognized by the U.S. Small Business Administration (SBA), making it a valuable asset for women-owned small businesses seeking to secure federal contracts. NWBOC's certification program includes two levels: Women-Owned Small Business (WOSB) and Economically Disadvantaged Women-Owned Small Business (EDWOSB). This certification process will significantly benefit numerous women-owned companies across the nation. In addition to women-owned businesses, NWBOC also certifies Minority Business Enterprises (MBEs) and Veteran Business Enterprises (VBES).
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Impact
July, 2024
The National Women Business Owners Corporation's impact lies in increasing competition for corporate and government contracts through the certification of women, minority, and veteran-owned businesses. By providing a national certification program for women-owned businesses, NWBOC ensures that these entities are legitimate and controlled at least 51% by women. This certification opens up opportunities for women-owned companies to access federal contracts through programs like the "Women-Owned Small Business" and "Economically Disadvantaged Women-Owned Small Business." Additionally, NWBOC also certifies minority-owned and veteran-owned businesses, further promoting diversity and inclusion in the business sector. Through its certification programs, NWBOC directly benefits many businesses owned by women, minorities, and veterans across the nation, contributing to a more equitable and competitive business landscape.
This information is meant to be a general summary of National Women Business Owners Corporation. 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: $166
- Program Service Revenue: $628,600
- Gross Receipts: $636,455
Assets and Liabilities:
- Total Assets: $748,910
- Total Liabilities: $0
- Net Assets: $748,910
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RECERTIFICATION FEES
Revenue
$560,050
CERTIFICATION FEES
Revenue
$68,550
Organization Details
Founding Year
1995
Phone
(561) 702-3215Principal Officer
Phyllis Hill Slater
Main Address
2425 E COMMERCIAL BLVD STE 201, FT LAUDERDALE, FL, 333084003
Website
www.nwboc.orgNTEE Category
Code: B99 - Education
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