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EIN 36-3488628

Women's Business Development Center (WBDC)

IRS 501(c) type
501(c)(3)
Num. employees
51
City
Chicago
State
Illinois
Year formed
1986
Most recent tax filings
2022-06-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
The mission of the Women’s Business Development Center (WBDC) is to provide services and programs that support and accelerate women’s business ownership and strengthen their impact on the economy.
Total revenues
$10,552,420
2022
Total expenses
$9,181,288
2022
Total assets
$7,048,697
2022
Num. employees
51
2022

Program areas at WBDC

The access to capital program focuses on helping Business owners develop a better understanding of their Business finances by providing financial assessment and counseling, loan application assistance, and direct lending. The wbdc was the subrecipient of federal grants. The funds were used to administer six government covid-19 relief programs during fiscal year. Approximately $900,000 was distributed to grantees and partners. 1,112 persons served during fiscal year.
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. 2,395 persons served during fiscal year.
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. 1,798 persons served during fiscal year.
The wbdc provides Women's Business enterpise (wbe) certification to women-owned businesses in a nine state midwest region through a partnership with the Women's Business enterprise national council (wbenc). 2,304 persons served during fiscal year.
The childhood education entrepreneurship services are designed to provide Business insight to prospective and exisiting childcare enterpreneurs for home and center-based businesses. We provide Business Development counseling and workshops. 472 persons served during fiscal year.
The wbdc hosts six major events including an annual early childhood education entrepreneurship expo, and five wbdc connect and celebrate events in five major markets including chicago, minneapolis, milwaukee, Kansas city, and st. louis. 822 persons served during fiscal year.
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. 76 persons served during fiscal year.

Grants made by WBDC

GranteeGrant descriptionAmount
Helen Miller - Seiu Member Education and Training CenterSmall Business Assistance Grants$158,296
Quad County Urban LeagueSmall Business Assistance Grants$136,751
Invest AuroraSmall Business Assistance Grants$105,665
...and 6 more grants made

Who funds Women's Business Development Center (WBDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Chicago Community TrustIn 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'womens'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.$870,000
Women's Business Enterprise National Council (WBENC)To Subsidize Wbenc Certification Work.$261,401
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$250,000
...and 20 more grants received totalling $2,044,606

Personnel at WBDC

NameTitleCompensation
Emilia DimencoPresident and Chief Executive$171,339
Lotika PaiChief Financial Officer
Roxanne WardChief of Staff$110,268
Georgia MarshChief Development Officer$105,615
Blanca BerthierManaging Director
...and 30 more key personnel

Financials for WBDC

RevenuesFYE 06/2022
Total grants, contributions, etc.$9,035,958
Program services$1,514,052
Investment income and dividends$2,410
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$10,552,420

Form 990s for WBDC

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-09990View PDF
2021-062022-02-22990View PDF
2020-062021-04-13990View PDF
2019-062021-01-21990View PDF
2018-062019-08-17990View PDF
...and 8 more Form 990s
Data update history
December 31, 2023
Received grants
Identified 5 new grant, including a grant for $125,000 from The Coleman Foundation Incorporated
December 25, 2023
Received grants
Identified 4 new grant, including a grant for $261,401 from Women's Business Enterprise National Council (WBENC)
September 24, 2023
Received grants
Identified 3 new grant, including a grant for $870,000 from The Chicago Community Trust
August 19, 2023
Received grants
Identified 20 new grant, including a grant for $20,601,292 from The Chicago Community Trust
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsFamily service centersHeadquarter / parent organizationsCharities
Issues
Women and girlsBusiness and industry
Characteristics
National levelReceives government fundingTax deductible donations
General information
Address
8 S Michigan Ave 400
Chicago, IL 60603
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
wbdc.org/en/ 
Phone
(312) 853-3477
Facebook page
WBDC.Chicago 
Twitter profile
@wbdc 
IRS details
EIN
36-3488628
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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