Overview
What is North Central Texas Womens Business Development Council Inc?
North Central Texas Women's Business Development Council Inc is a nonprofit organization located in Irving, Texas. Their primary objective is to support and empower women-owned businesses by facilitating partnerships with corporate entities. They serve a four-state region, namely, the northern half of Texas, Arkansas, New Mexico, and Oklahoma. The organization offers certification, procurement opportunities, education, and networking events to its members. Their certification programs include Women's Business Enterprise National Certification, Women Owned Small Business Certification for the Federal Government, State of Texas Historically Underutilized Business Certification, and Small Business Enterprise Certification for use by DFW International Airport. The council organizes events like the Parade of Stars Awards Gala, Harvesting Partnerships, and Connection to Contracts to foster networking and procurement opportunities. They also provide educational initiatives such as DFW Area Table Topics Luncheons and Lillie Knox Investing for Growth, offering cash awards to eligible women-owned businesses. The organization has a strong online presence, including social media accounts on Facebook, Twitter, LinkedIn, and YouTube. With a mission to help women-owned businesses compete effectively in the business world, the council serves as a valuable resource for its members.
Official website here: www.wbcsouthwest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% - Four-Star out of Four Star rating
The North Central Texas Women's Business Development Council Inc has achieved a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The rating reflects an impressive score of 92% in the Accountability & Finance category, showcasing the organization's commitment to transparency and effective governance practices.
Key strengths include a fully independent board of directors and a strong financial oversight structure. The organization has demonstrated excellence in various areas, such as having all eight board members independent and maintaining robust policies regarding conflict of interest, whistleblowing, and document retention. Additionally, the organization effectively manages its program expenses, directing over 77% of expenditures toward its programs.
Despite the strong performance, the organization's liabilities to assets ratio of 55.82% indicates room for improvement in managing financial leverage. Overall, the North Central Texas Women's Business Development Council Inc stands out for its financial accountability and governance, although ongoing attention to its financial ratios will further enhance its sustainability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is North Central Texas Womens Business Development Council Inc legitimate?
North Central Texas Womens Business Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Central Texas Womens 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: $173,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $557,997
For more financial information, click here
Official website here: www.wbcsouthwest.org
What is the mission statement of North Central Texas Womens Business Development Council Inc?
The North Central Texas Women's Business Development Council Inc's mission is centered around identifying and aiding women-owned businesses in competing effectively in the business world. To accomplish this, the organization focuses on four key areas: certification, procurement, education, and networking. They administer various certifications, such as Women's Business Enterprise National Certification, to support their constituents. The Council's events, like the Parade of Stars Awards Gala and Connection to Contracts, provide opportunities for networking and education. They also offer initiatives like Done Deals, Lillie Knox Investing for Growth, and Corporate Scorecard to promote business growth and partnerships among their members. The organization additionally caters to specific segments of the membership, such as WBEs of Color and Next Generation WBEs, through targeted programming.
Official website here: www.wbcsouthwest.org
Who is the CEO of North Central Texas Womens Business Development Council Inc?
Lindsay Pittard is the Executive Director of North Central Texas Womens Business Development Council Inc.
Official website here: www.wbcsouthwest.org
What is the revenue of North Central Texas Womens Business Development Council Inc?
North Central Texas Womens Business Development Council Inc's revenue in 2022 was $1,828,451.
Official website here: www.wbcsouthwest.org
Who are the executives of North Central Texas Womens Business Development Council Inc and what are their salaries?
The average compensation at North Central Texas Womens Business Development Council Inc during 2022 was $45,731. There are 16 employees and 100 volunteers at North Central Texas Womens Business Development Council Inc.
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Official website here: www.wbcsouthwest.org
Where can I find the form 990 for North Central Texas Womens Business Development Council Inc?
North Central Texas Womens Business Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wbcsouthwest.org
Learn more at the official website: www.wbcsouthwest.org
Mission Statement of North Central Texas Womens Business Development Council Inc
The North Central Texas Women's Business Development Council Inc is committed to serving a crucial role in identifying and assisting women-owned businesses in their quest to compete effectively in the business world. The organization's primary goal is to facilitate mutually beneficial procurement opportunities between Women's Business Enterprises (WBE) and Sustaining Corporate Members, operating within a four-state region encompassing northern Texas, Arkansas, New Mexico, and Oklahoma.
The Women's Business Council - Southwest (WBCS), a division of the council, strives to achieve its mission through four fundamental components: certification, procurement, education, and networking. The WBCS certifies its WBE constituents with various certifications such as Women's Business Enterprise National Certification, Women Owned Small Business Certification for the Federal Government, State of Texas Historically Underutilized Business Certification, and Small Business Enterprise Certification for use by DFW International Airport.
The council hosts several signature events, including the Parade of Stars Awards Gala, Harvesting Partnerships, and Connection to Contracts, which provide networking opportunities, educational workshops, and corporate roundtable sessions. The WBCS also offers educational initiatives like DFW Area Table Topics Luncheons, Lillie Knox Investing for Growth, and the Corporate Scorecard, which aim to support the growth and success of WBE members.
In summary, the North Central Texas Women's Business Development Council Inc is dedicated to empowering women-owned businesses by providing them with the necessary tools and resources to compete in the business world. The organization achieves this through certification, procurement, education, and networking initiatives, ultimately fostering mutually beneficial partnerships between women-owned businesses and corporate members.
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Impact
July, 2024
North Central Texas Women's Business Development Council Inc's impact is significant in empowering and supporting women-owned businesses to compete effectively in the business world. Through its programs and initiatives, the organization facilitates mutually beneficial procurement opportunities between Women's Business Enterprises (WBE) and Sustaining Corporate Members. They have a diverse membership base comprising of 87 Corporate Members and 1,265 Women Business Enterprise Members.
The council plays a crucial role in certifying women-owned businesses through various certifications, including Women's Business Enterprise National Certification, State of Texas Historically Underutilized Business Certification, and more. They conduct educational workshops, networking events, and signature programs like the Parade of Stars Awards Gala, Harvesting Partnerships, and Connection to Contracts to provide members with valuable resources and opportunities.
Furthermore, the organization reports significant economic impact through initiatives like Done Deals, which showcases the business conducted among members, with over $8.5 billion reported in 2022. Additionally, they provide financial support through programs like the Lillie Knox Investing for Growth award, benefiting eligible WBEs in enhancing business performance and success.
Overall, North Central Texas Women's Business Development Council Inc's work contributes to advancing civil rights and economic empowerment for women entrepreneurs in the region, fostering connections, growth, and success in the business community.
This information is meant to be a general summary of North Central Texas Womens 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 2022.
- Investment Income: -$22,992
- Program Service Revenue: $620,067
- Gross Receipts: $1,828,541
Assets and Liabilities:
- Total Assets: $2,467,374
- Total Liabilities: $1,377,335
- Net Assets: $1,090,039
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Awards Gala
Revenue
$151,172
Connection to Contracts
Revenue
$134,442
Education/Counseling
Revenue
$248,275
Harvesting Partnership
Revenue
$86,178
Organization Details
Founding Year
1995
Phone
(817) 405-2302Principal Officer
Lindsay Pittard
Main Address
5605 N MacArthur Blvd 220, Irving, TX, 75038
Website
www.wbcsouthwest.orgNTEE Category
Code: R30 - Civil rights
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