WOMEN'S ENTERPRISE DEVELOPMENT CENTER IN

EIN: 134042394 501(c)(3) Employment

NORTH WHITE PLAINS, NY

Total Revenue
$1,530,145
Total Expenses
$1,593,278
Total Assets
$1,843,469
Net Assets
$1,507,156
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
NIKKI HAHN
Phone
9149486098
Tax Period
2023-01-01 to 2023-12-31

WOMEN'S ENTERPRISE DEVELOPMENT CENTER IN, founded in 1997, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

THE WOMEN'S ENTERPRISE DEVELOPMENT CENTER (WEDC) EMPOWERS ENTREPRENEURS TO BUILD SUCCESSFUL BUSINESSES BY PROVIDING HIGH QUALITY TRAINING PROGRAMS, ADVISORY SERVICES, AND ACCESS TO CAPITAL TO GENERATE ECONOMIC GROWTH IN WESTCHESTER COUNTY AND THE HUDSON VALLEY.

Program Service Accomplishments

Program 1
Expenses: $1,224,181 Revenue: $57,140

WEDC PROVIDES TRAINING, ADVISORY SERVICES, AND ACCESS TO CAPITAL FOR WOMEN ENTREPRENEURS THROUGHOUT WESTCHESTER COUNTY AND THE LOWER AND MID-HUDSON VALLEY. DURING 2023, WEDC SERVED 310 UNIQUE...

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WEDC PROVIDES TRAINING, ADVISORY SERVICES, AND ACCESS TO CAPITAL FOR WOMEN ENTREPRENEURS THROUGHOUT WESTCHESTER COUNTY AND THE LOWER AND MID-HUDSON VALLEY. DURING 2023, WEDC SERVED 310 UNIQUE SPANISH-SPEAKING CLIENTS AND 688 UNIQUE ENGLISH-SPEAKING CLIENTS. IN ADDITION, WEDC SUBMITTED 11 MWBE APPLICATIONS, OFFERED 188 TRAINING SESSIONS, 82 WORKSHOPS AND PROVIDED MORE THAN 1,000 HOURS OF TECHNICAL ASSISTANCE. SEE ALSO SCHEDULE O EXTENSIONS FOR PART I, LINE 1. WEDC SERVES BOTH WOMEN AND MEN, AND ITS SERVICES ARE AVAILABLE TO ALL POPULATION GROUPS, WITH THOSE SERVED BEING MAINLY CAUCASIAN, LATINO/HISPANIC, AND AFRICAN AMERICAN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,481,625
Program Service Revenue $57,140
Investment Income $377
Other Revenue $-8,997
TOTAL REVENUE $1,530,145

Expense Breakdown

Grants Paid $15,000
Salaries & Benefits $888,614
Fundraising Expenses $52,079
Program Expenses $1,224,181
Other Expenses $689,664
TOTAL EXPENSES $1,593,278

Year-over-Year Comparison

2023 2022 Change
Revenue $1,530,145 $1,781,258 -0.1%
Expenses $1,593,278 $1,569,016 +0.0%
Net Income $-63,133 $212,242 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
14
Volunteers
150

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
$136,000
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA VAN BERGEN PRESIDENT/DIRECTOR 3.00
Officer Director
$0 $0 $0
RITA RAMIREZ VICE PRESIDENT/DIRECTOR 3.00
Officer Director
$0 $0 $0
STEPHEN CHASE TREASURER/DIRECTOR 3.00
Officer Director
$0 $0 $0
KAREN A CAMPBELL DIRECTOR 3.00
Director
$0 $0 $0
REDINA HEMBREE DIRECTOR 2.00
Director
$0 $0 $0
NANCY KESSLER SECRETARY 3.00
Director
$0 $0 $0
GINGER SIEGEL DIRECTOR 1.00
Director
$0 $0 $0
LISA TRETLER DIRECTOR 3.00
Director
$0 $0 $0
AMANDA HACK DIRECTOR 1.00
Director
$0 $0 $0
JEFF DAVIS DIRECTOR 1.00
Director
$0 $0 $0
CHELEN REYES DIRECTOR 1.00
Director
$0 $0 $0
SHALYN COURTENAY DIRECTOR 1.00
Director
$0 $0 $0
ISABEL SANCHEZ DIRECTOR 1.00
Director
$0 $0 $0
NIKKI HAHN CHIEF EXECUTIVE OFFICER 40.00
Officer
$136,000 $0 $136,000
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 No data No data No data No data
2023 $1,530,145 $1,593,278 $1,843,469 $-63,133
2022 $1,781,258 $1,569,016 $1,838,406 $212,242
2021 $1,781,451 $1,456,667 $1,478,875 $324,784
2020 $1,563,811 $1,411,545 $1,279,031 $152,266
2019 $825,863 $791,433 $934,243 $34,430
2018 $820,326 $794,146 $891,078 $26,180
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