CENTER FOR WOMEN & ENTERPRISE INC

EIN: 043256236 501(c)(3) Employment

BOSTON, MA

Total Revenue
$4,018,918
Total Expenses
$4,352,906
Total Assets
$1,371,687
Net Assets
$247,994
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MA
Principal Officer
GABRIELLE KING MORSE
Phone
6175360700
Tax Period
2024-01-01 to 2024-12-31

CENTER FOR WOMEN & ENTERPRISE INC, founded in 1995, is a community nonprofit in the Employment sector that reported $4.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

CWE IS AN ECONOMIC EMPOWERMENT ORGANIZATION WHOSE MISSION IS TO HELP WOMEN BUSINESS OWNERS AND ASPIRING FEMALE ENTREPRENEURS LAUNCH AND GROW THEIR BUSINESS BY PROVIDING GREATER ACCESS TO THE RESOURCES, TOOLS, AND SUPPORT THEY NEED. WE ACHIEVE THIS MISSION BY PROVIDING EDUCATION, TRAINING, TECHNICAL ASSISTANCE, ACCESS TO MARKETS, AND PATHS TO FUNDING TO WOMEN ENTREPRENEURS AND EARLY-STAGE BUSINESSES.

Program Service Accomplishments

Program 1
Expenses: $2,543,363 Revenue: $20,049

EDUCATION: SINCE ITS FOUNDING IN 1995, THE CENTER FOR WOMEN & ENTERPRISE HAS TRAINED 60,600 ASPIRING SMALL BUSINESS OWNERS WHO HAVE CREATED 57,500 JOBS AND PAID $1.6 BILLION IN WAGES TO THEIR...

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EDUCATION: SINCE ITS FOUNDING IN 1995, THE CENTER FOR WOMEN & ENTERPRISE HAS TRAINED 60,600 ASPIRING SMALL BUSINESS OWNERS WHO HAVE CREATED 57,500 JOBS AND PAID $1.6 BILLION IN WAGES TO THEIR EMPLOYEES. WE PROVIDE COMPREHENSIVE PROGRAMS AND SERVICES FOR ENTREPRENEURS AND BUSINESS OWNERS IN MA, NH, RI, AND VT, WHICH ADDRESS THE FULL CONTINUUM OF THEIR BUSINESSES' LIFECYCLES. CWE OFFERS ONSITE, ONLINE AND WORKSHOPS IN THE COMMUNITIES WE SERVE ON CRITICALLY RELEVANT TOPICS INCLUDING FINANCIAL LITERACY, BUSINESS PLAN CREATION, FINANCING OPTIONS, AND VISIONING, ALL DESIGNED TO STRENGTHEN WOMEN AND VETERAN OWNED BUSINESSES. IN 2024 ALONE, PARTICIPATION IN OUR PROGRAMS AND EVENTS TOTALED 8,613 AND WE SERVED 3,455 INDIVIDUALS, PROVIDING THEM WITH THE TOOLS THEY NEED TO SUCCESSFULLY CREATE NEW INCOME OPPORTUNITIES FOR THEMSELVES AND THEIR FAMILIES, WHILE ALSO BOOSTING THE NEW ENGLAND ECONOMY.

Program 2
Expenses: $632,101 Revenue: $501,352

CERTIFICATION: THE CENTER FOR WOMEN & ENTERPRISE OFFERS WOMEN BUSINESS OWNERS THE ABILITY TO OBTAIN FORMAL STATUS OF THEIR DIVERSITY THROUGH A VARIETY OF CERTIFICATIONS. CERTIFICATION ALLOWS...

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CERTIFICATION: THE CENTER FOR WOMEN & ENTERPRISE OFFERS WOMEN BUSINESS OWNERS THE ABILITY TO OBTAIN FORMAL STATUS OF THEIR DIVERSITY THROUGH A VARIETY OF CERTIFICATIONS. CERTIFICATION ALLOWS BUSINESSES TO BID ON CONTRACTS AS A DIVERSE VENDOR IN BOTH THE PRIVATE AND PUBLIC SECTOR. IT IS AN IMPORTANT TOOL FOR EXPANDING THE VISIBILITY OF A COMPANY AMONG DECISION MAKERS IN SUPPLIER DIVERSITY AND PROCUREMENT. CWE IS THE REGIONAL PROVIDER OF THE WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL (WBENC), THE PREMIERE PRIVATE SECTOR CERTIFICATION THAT GIVES WOMEN-OWNED BUSINESSES AN ADVANTAGE IN THE CORPORATE BIDDING ARENA. WE ALSO OFFER THE WOMEN OWNED SMALL BUSINESS (WOSB-FEDERAL) AS A SECONDARY CERTIFICATION AT NO ADDITIONAL COST. THIS CERTIFICATION IS REQUIRED FOR WOMEN-OWNED BUSINESSES THAT WANT TO BID ON FEDERAL CONTRACTS IN THE PUBLIC SECTOR. IN 2024, CWE CERTIFIED 569 WOMEN-OWNED BUSINESSES THROUGH THE WBENC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,528,423
Program Service Revenue $520,714
Investment Income $1,192
Other Revenue $-31,411
TOTAL REVENUE $4,018,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,068,419
Fundraising Expenses $582,336
Program Expenses $3,175,464
Other Expenses $1,284,487
TOTAL EXPENSES $4,352,906

Year-over-Year Comparison

2024 2023 Change
Revenue $4,018,918 $4,363,480 -0.1%
Expenses $4,352,906 $4,132,182 +0.1%
Net Income $-333,988 $231,298 -2.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
23
Employees
33
Volunteers
135

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$273,068
Total Directors
25
$273,068
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GABRIELLE KING MORSE CEO & PRESIDENT 40.00
Officer Director
$253,298 $19,770 $273,068
LISA WOOD BOARD CHAIR 2.50
Officer Director
$0 $0 $0
STEPHANIE PARE SULLIVAN SECRETARY AND BOARD MEMBER 2.50
Officer Director
$0 $0 $0
CYNTHIA SMITH TREAS. & BOARD MEMBER(UNTIL 12/31/24) 2.50
Officer Director
$0 $0 $0
DESIREE ALLEN BOARD MEMBER 0.75
Director
$0 $0 $0
MARYALICE DECAMP BOARD MEMBER 0.75
Director
$0 $0 $0
JORDAN GAUTHIER BOARD MEMBER 0.75
Director
$0 $0 $0
VICKI GRAY BOARD MEMBER 0.75
Director
$0 $0 $0
OLIVIA KATZ BOARD MEMBER 0.75
Director
$0 $0 $0
ROBIN KRAMER BOARD MEMBER (UNTIL 12/31/24) 0.75
Director
$0 $0 $0
SCOTT LANDERS BOARD MEMBER 0.75
Director
$0 $0 $0
PAMELA LENEHAN BOARD MEMBER 0.75
Director
$0 $0 $0
NAHEED MALIK BOARD MEMBER 0.75
Director
$0 $0 $0
ERIKA GIBSON BOARD MEMBER 0.75
Director
$0 $0 $0
ANN RAMAKUMARAN BOARD MEMBER 0.75
Director
$0 $0 $0
JESSICA RASCIONATO BOARD MEMBER 0.75
Director
$0 $0 $0
ASHLEY REICHHELD BOARD MEMBER 0.75
Director
$0 $0 $0
DOUG SHAW BOARD MEMBER 0.75
Director
$0 $0 $0
DEBRA THOMAS BOARD MEMBER 0.75
Director
$0 $0 $0
CONSTANCE WRIGHT BOARD MEMBER 0.75
Director
$0 $0 $0
SANDRA ST FLEUR WRIGHT BOARD MEMBER 0.75
Director
$0 $0 $0
LIXIN OLSEN BOARD MEMBER 0.75
Director
$0 $0 $0
MATTHEW STEINKRAUSS BOARD MEMBER 0.75
Director
$0 $0 $0
JAIME MAHONEY BOARD MEMBER 0.75
Director
$0 $0 $0
JENNIFER ZAVALA BOARD MEMBER (UNTIL 11/24) 0.75
Director
$0 $0 $0
KIMBERLY ZOUZOUA VP STRATEGIC PARTNERSHIPS 40.00
Highest
$163,141 $8,675 $171,816
AMY GRONDIN VP FINANCE 40.00
Highest
$142,792 $3,669 $146,461
MICHELLE RIENDEAU VP OPERATIONS 40.00
Highest
$137,701 $8,675 $146,376
MICHELLE MILLER VP PROGRAM SERVICES 40.00
Highest
$128,101 $21,594 $149,695
LUCIA SANCHEZ VP IMPACT & LEARNING 40.00
Highest
$121,571 $1,338 $122,909
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,018,918 $4,352,906 $1,371,687 $-333,988
2023 $4,363,480 $4,132,182 $1,709,277 $231,298
2022 $4,411,162 $4,371,702 $2,065,282 $39,460
2021 $4,605,541 $4,309,168 $1,190,751 $296,373
2020 $3,446,565 $3,331,781 $1,442,088 $114,784
2019 $2,677,502 $2,981,891 $829,121 $-304,389
2018 $2,894,785 $3,029,161 $1,543,712 $-134,376
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