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Women's Business Development Center Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 650888472 ✦ Miami, FL ✦ Designated as a 501(c)(3)

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Overview

What is Women's Business Development Center Inc?

Women's Business Development Center Inc, located in Miami, Florida, serves as a nonprofit organization dedicated to empowering women entrepreneurs. Their primary mission involves providing business training, technical assistance, and access to financing, ultimately leading to the certification of women-owned enterprises. They utilize various platforms such as social media sites like Facebook, Twitter, LinkedIn, and YouTube to disseminate current information and engage in networking events. Additionally, they participate in joint conferences and organize matchmaker meetings to foster connections within the business community. With a small team of three individuals, Women's Business Development Center Inc plays an essential role in supporting and uplifting women-owned businesses in Florida.


Official website here: www.womensbusiness.info

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%, Three-Star out of Four Star Rating

The Women's Business Development Center Inc has received a rating of 81%, which reflects its strong performance in accountability and finance. The charity's score is based solely on its financial integrity and responsible governance practices, highlighting its commitment to transparency and ethical management.

A notable strength of this organization is its governance structure, with 100% independent board members and no material diversion of assets reported. The charity has a solid program expense ratio of 70.50%, indicating a significant portion of its resources is directed towards its programs. Additionally, the presence of comprehensive policies on conflict of interest, whistleblower protection, and document retention underscores its commitment to operational integrity.

While the organization demonstrates several strengths, it is important to consider that the rating is derived entirely from financial metrics. There is no assessment of program impact or effectiveness, which may be an area for potential improvement or further evaluation to understand the charity's overall effectiveness in fulfilling its mission.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Women's Business Development Center Inc?

92% of 40 reviewers on Facebook recommend the Women's Business Development Center Inc. Here is a summary of their reviews:

Many individuals express gratitude for the support provided by this organization, highlighting how it fosters a sense of community among women entrepreneurs. One reviewer shared a personal transformation after joining, noting the invaluable connections made and the tremendous support available. This suggests that the Women's Business Development Center is seen as a vital resource for those seeking guidance and camaraderie in their business endeavors.

Overall, the sentiment surrounding the center is overwhelmingly positive, with members feeling empowered and encouraged to pursue their business goals. The enthusiasm in their testimonials reflects a commitment to delivering meaningful assistance that resonates deeply with those involved.


This AI summary has been generated from reviews found on Facebook.

Is Women's Business Development Center Inc legitimate?

Women's Business Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Business Development Center 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: $187,639
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,501

For more financial information, click here


Official website here: www.womensbusiness.info

What is the mission statement of Women's Business Development Center Inc?

The Women's Business Development Center Inc is committed to providing business training, technical assistance, and access to financing for women-owned businesses. Their mission encompasses the certification of these enterprises as well. They utilize various platforms like social media sites to disseminate relevant information and remain engaged with their audience. The Center also arranges matchmaker meetings, participates in joint conferences, and networking events to foster connections and business opportunities.


Official website here: www.womensbusiness.info

Who is the CEO of Women's Business Development Center Inc?

Nancy Allen is the CEO of Women's Business Development Center Inc The CEO's salary of Women's Business Development Center Inc is $178,478 and their total compensation is $209,950.


Official website here: www.womensbusiness.info

What is the revenue of Women's Business Development Center Inc?

Women's Business Development Center Inc's revenue in 2023 was $842,916.


Official website here: www.womensbusiness.info

Who are the executives of Women's Business Development Center Inc and what are their salaries?

The average compensation at Women's Business Development Center Inc during 2023 was $106,713. There are 3 employees at Women's Business Development Center Inc.

Here are 9 key members and their salaries (Women's Business Development Center Inc's CEO's salary is $178,478 and their total compensation is $209,950):


Nancy Allen (President & Ceo)
  • Compensation: $178,478
  • Related: $0
  • Other: $31,472
Terri Hall (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Buffy A Butler (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samine Jernigan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Hall (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Hines (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vickie Frazier Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Leon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alyce Zahniser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.womensbusiness.info

Where can I find the form 990 for Women's Business Development Center Inc?

Women's Business Development Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.womensbusiness.info

Learn more at the official website: www.womensbusiness.info

Mission Statement of Women's Business Development Center Inc

Women's Business Development Center Inc is dedicated to providing business training, technical assistance, and access to financing for women-owned businesses. Their mission extends beyond just offering these services; they also aim to certify these enterprises as women-owned businesses. This organization plays a crucial role in empowering women entrepreneurs by equipping them with the necessary skills and resources to succeed in the business world. They utilize various platforms, such as social media sites like Facebook, Twitter, LinkedIn, and YouTube, to disseminate current information and engage with their community. In addition to their primary services, Women's Business Development Center Inc participates in matchmaker meetings, joint conferences, and networking events, further strengthening their commitment to supporting women-owned businesses.

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Impact




July, 2024

Women's Business Development Center Inc has a significant impact by providing business training, technical assistance, access to financing, and certification for women-owned businesses. Through their efforts, they empower women entrepreneurs to succeed in the business world. Additionally, they facilitate networking opportunities, matchmaker meetings, and joint conferences, enhancing the visibility and growth prospects of women-owned enterprises. Their active engagement on social media platforms like Facebook, Twitter, LinkedIn, and YouTube also helps disseminate up-to-date information and resources to a broader audience. Overall, Women's Business Development Center Inc plays a crucial role in promoting women's economic empowerment and fostering employment opportunities in the Miami area.




This information is meant to be a general summary of Women's Business Development Center 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.

Revenue
$842,916 (2023)
Expenses
$712,585 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $44
  • Program Service Revenue: $648,491
  • Gross Receipts: $842,916

Assets and Liabilities:

  • Total Assets: $199,846
  • Total Liabilities: $16,036
  • Net Assets: $183,810

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CERTIFICATIONS

Revenue

$557,325

COACHING & TRAINING

Revenue

$91,166

Organization Details

Founding Year

1998

Principal Officer

Nancy Allen

NTEE Category

Code: J02 - Employment

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