NonprofitsWomens Business Development Center

Womens Business Development Center

CHICAGO, IL

Total revenue

$64.8M

Total expenses

$63.4M

Net assets

$8.3M

Grants received

$26.1M

65 grants

EIN

363488628

Tax year

2023

Mission

To support and accelerate business development and growth, serving all business owners to strengthen their participation in, and impact on, the economy.

Programs

7 programs

The established business program serves established businesses who would like to grow their business and build capacity. Services include workshops, certification services, assistance with corporate and government contracting, and business advising. 2,372 persons served during fiscal year.

Expenses: $1.6MGrants: $313K

The emerging business program serves individuals who want to start a business or are in the early stages of growing their business by providing business development counseling and workshops. 1,951 persons served during fiscal year.

Expenses: $1.2M

The wbdc provides women's business enterprise (wbe) certification to women-owned businesses in a nine state midwest region through a partnership with the women's business enterprise national council (wbenc). 2,492 persons certified during fiscal year.

Expenses: $1.1M

The wbdc hosts an annual midwest business program for it's midwest region. 520 persons attended and were served during fiscal year.

Expenses: $360K

The wbdc provided technical assistance and capacity building services for disproportionately impacted nonprofits, helping to stabilize and scale their operations. These included webinars on nonprofit management topics, small group discussions on issues of current interest to nonprofit managers and individualized counseling for nonprofit staff members. In total, 247 persons served during fiscal year.

Expenses: $319K

The childhood education entrepreneurship services are designed to provide business insights to prospective and existing childcare enterpreneurs for home and center-based businesses. We provide business development counseling and workshops. 433 persons served during fiscal year.

Expenses: $285K

The veterans program serves active duty service members, guard, reserve, veterans and their family members who want to start a business or grow an existing business through business development counseling and workshops. 45 persons served during fiscal year.

Expenses: $15K

Financials

FY 2023

Revenue

Contributions & grants$62.1M
Program service revenue$2.0M
Investment income$675K
Other revenue
Total revenue$64.8M

Expenses

Grants paid$52.2M
Salaries & benefits$4.7M
Fundraising$282K
Other expenses$6.4M
Total expenses$63.4M
Total assets$10.2M
Net assets$8.3M

People

27 listed

NameRoleCompensation

EMILIA DIMENCO

PRESIDENT & CHIEF EXECUTIVE

Board

$223K

40 hrs/wk

HEDY M RATNER

CO-FOUNDER & CO-PRESIDENT

Board

$52K

10 hrs/wk

ALISON CHUNG

SECRETARY

Board

2 hrs/wk

CASSANDRA SANFORD

ASSISTANT SECRETARY

Board

2 hrs/wk

RISA R DAVIS

TREASURER

Board

2 hrs/wk

MARY HOUPT

ASSISTANT TREASURER

Board

2 hrs/wk

BETH KIEFFER LEONARD CPA

AUDIT COMMITTEE CHAIR

Board

2 hrs/wk

RONA FOURTE

AUDIT COMMITTEE VICE CHAIR

Board

2 hrs/wk

DEBRA JENNINGS-JOHNSON

EX-OFFICIO

Board

2 hrs/wk

S CAROL DOUGAL

CO-FOUNDER & CO-PRESIDENT

Board

1 hrs/wk

LAUREL G BELLOWS

DIRECTOR

Board

2 hrs/wk

EVA BROWN

1ST VICE CHAIR

Board

2 hrs/wk

PATTY GREENE

DIRECTOR

Board

2 hrs/wk

MICHELLE KANTOR

DIRECTOR

Board

2 hrs/wk

ARABEL ALVA ROSALES

DIRECTOR

Board

2 hrs/wk

JENNIFER SCHLOTT-ROUZAN

DIRECTOR

Board

2 hrs/wk

AMY YUHN

DIRECTOR

Board

2 hrs/wk

JENNIFER MARIANI

DIRECTOR - TERM

Board

1 hrs/wk

MEGAN EVERETT

DIRECTOR - TERM

Board

1 hrs/wk

LINDA CHAPLIK HARRIS

VICE CHAIR

Board

2 hrs/wk

SANDRA RAND

CHAIR

Board

3 hrs/wk

LINDA BOASMOND

DIRECTOR

Board

2 hrs/wk

MICHELLE BLAISE

2ND VICE CHAIR

Board

2 hrs/wk

ROXANNE WARD

CHIEF OF STAFF

Staff

$124K

40 hrs/wk

GEORGIA MARSH

CHIEF DEVELOPMENT OFFICER

Staff

$117K

40 hrs/wk

KAREN GOLDNER

MANAGING DIR ESTABLISHED BUS SVCS

Staff

$104K

40 hrs/wk

BLANCA BERTHIER

MANAGING DIR ENTREPRENEURIAL SVCS

Staff

$103K

40 hrs/wk

Independent contractors

NEXT STREET FINANCIAL LLC

COOK COUNTY PROGRAM COORDINATOR

$3.0M

OSTROW REISIN BERK & ABRAMS LTD

ACCOUNTING SERVICES

$215K

HAWTHORNE STRATEGY GROUP

MARKETING/GRANT WORK

$105K

Grants received

Showing 65 of 65

FromAmountPurposeYear
$400K
COMMUNITY PROGRESS MAKERS
2024
$320K
TO SUBSIDIZE WBENC CERTIFICATION WORK.
2024
$50K
COMMUNITY & HUMAN SERVICES
2024
$5K
GENERAL OPERATING
2024
$316K
TO SUBSIDIZE WBENC CERTIFICATION WORK.
2023
$240K
General support for programs, operations and other charitable purposes
2023
$50K
PROGRAM FUNDING
2023
$50K
COMMUNITY & HUMAN SERVICES
2023
$15K
2024 GO SUPPLEMENTAL WELLNESS & RESPITE GRANT
2023
$10K
ECONOMIC EMPOWERMENT FOR WOMEN ESCAPING VIOLENCE
2023
$10K
2023 EMPLOYEE COMMUNITY PARTNERSHIPS - AAWN
2023
$10K
To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago
2023
$5K
GENERAL OPERATING
2023
$5K
BRIDGING THE DIGITAL DIVIDE FOR DIVERSE ENTREPRENEURS IN CHICAGO
2023
$1K
General & Unrestricted
2023
$1K
General & Unrestricted
2023
$1K
General & Unrestricted
2023
$261K
TO SUBSIDIZE WBENC CERTIFICATION WORK.
2022
$250K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2022
$210K
support for Scale Up Program
2022
$102K
For grant recipient's exempt purposes
2022
$50K
PROGRAM FUNDING
2022
$50K
COMMUNITY & HUMAN SERVICES
2022
$30K
PROGRAM/OPERATING SUPPORT
2022
$20K
General & Unrestricted
2022
$15K
ELEVATING WOMEN CHILDCARE BUSINESS OWNERS
2022
$10K
BUILD & SUSTAIN PROFITABLE CHILDCARE BUSINESSES
2022
$6K
PUBLIC, SOCIETAL BENEFIT
2022
$3K
General & Unrestricted
2022
$350
Nonprofit Leadership Center - Travel Stipend for Lindsay Mueller
2022
$870K
In support of its Expanding Minority Business Access program planning phase. To support Expanding Minority Business Access, EMBA Year Three, contribution to provide services. To support and accelerate women's business ownership and strengthen the impact of women on the economy by creating jobs, fueling economic growth, and building strong communities in Chicago. In support of the expansion of the ScaleHigher curriculum into the Chicago market and support the businesses participating to learn about and access digital tools to scale their businesses.
2021
$870K
In support of its Expanding Minority Business Access program planning phase. To support Expanding Minority Business Access, EMBA Year Three, contribution to provide services. To support and accelerate women's business ownership and strengthen the impact of women on the economy by creating jobs, fueling economic growth, and building strong communities in Chicago. In support of the expansion of the ScaleHigher curriculum into the Chicago market and support the businesses participating to learn about and access digital tools to scale their businesses.
2021
$100K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2021
$10K
BUILD & SUSTAIN PROFITABLE CHILDCARE BUSINESSES
2021
$10K
Student & Program support
2021
$6K
In support of general operations.
2021
$6K
in support of general operations.
2021
$200
GENERAL OPERATING SUPPORT
2021
$20.6M
TO SUPPORT TWO NEW NEIGHBORHOOD-BASED BUSINESS COACHES, FINANCIAL HEALTH CURRICULUM DEVELOPMENT, OUTREACH, MARKETING, NEXTSTREET, SCALE-UP-LITTLE VILLAGE PROGRAM - SPANISH VERSION, COOK COUNTY COVID-19 RECOVERY SMALL BUSINESS ASSISTANCE PROGRAM, EXPANDING MINORITY BUSINESS ACCESS PROGRAM, PGL RETIREE, SMALL BUSINESS ASSISTANCE PROGRAM MICROGRANTS, AND BERWYN DEVELOPMENT CORPORATION
2020
$225K
TO SUBSIDIZE WBENC CERTIFICATION WORK.
2020
$35K
COMMUNITY SERVICE
2020
$35K
COMMUNITY SERVICE
2020
$15K
GENERAL OPERATING SUPPORT
2020
$10K
ACCESS TO CAPITAL SERVICES FOR SMALL BUSINESSES PO
2020
$10K
THE WOMENS BUSINESS DEVELOPMENT CENTER (WBDC) - FEMPRENEUR ONLINE BUSINESS BASICS BOOTCAMP
2020
$10K
GENERAL OPERATING SUPPORT
2020
$6K
in support of general operations.
2020
$505
GENERAL OPERATING SUPPORT
2020
$200K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
$135K
TO SUPPORT EXPANDING MINORITY BUSINESS ACCESS (EMBA)
2019
$50K
COMMUNITY & HUMAN SERVICES
2019
$15K
GENERAL OPERATING SUPPORT
2019
$100
GENERAL OPERATING SUPPORT
2019
$100K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2018
$75K
SCALEUP PROGRAM IN LITTLE VILLAGE
2018
$25K
PROGRAM/OPERATING SUPPORT
2018
$140
GENERAL OPERATING SUPPORT
2018
$85K
SCALEUP LITTLE VILLAGE PROGRAM
2017

Funded by

$26.1M from 22 funders · 65 grants · 2017–2024

The Chicago Community Trust

$23.1M · 8 grants · 2017–2023

Women's Business Enterprise National

$1.1M · 4 grants · 2020–2024

Jpmorgan Chase Foundation

$651K · 8 grants · 2018–2022

Citi Foundation

$400K · 1 grant · 2024

Gs Donor Advised Philanthropy Fund

$250K · 5 grants · 2018–2024

Aurora Women's Empowerment

$100K · 2 grants · 2022–2023

The Bank of America Charitable Foundation Inc

$80K · 3 grants · 2018–2022

Details

EIN363488628
Subsection03
Ruling date1987-04
Formed1986
Employees50
Volunteers33
WOMENS BUSINESS DEVELOPMENT CENTER — Mission, Financials & Grants Received | Grantivo