WBEC METRO NY AND GREATER DMV INC

EIN: 134068968 501(c)(3) Education

NEW YORK, NY

Total Revenue
$3,211,704
Total Expenses
$3,300,588
Total Assets
$2,852,003
Net Assets
$2,321,715
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
PHALA MIRE
Phone
2126884114
Tax Period
2024-01-01 to 2024-12-31

WBEC METRO NY AND GREATER DMV INC, founded in 1999, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

ADVANCE EQUAL OPPORTUNITIES FOR WOMEN-OWNED BUSINESSES.

Program Service Accomplishments

Program 1
Expenses: $1,104,897 Revenue: $87,303

THE ORGANIZATION ("WBEC NY DMV") HOLDS EDUCATIONAL SEMINARS & WORKSHOPS FOR WOMEN- OWNED BUSINESSES IN THE PRIVATE SECTOR TO PROMOTE THE DEVELOPMENT OF EQUAL OPPORTUNITIES AND NEW MARKETS. EACH YEAR...

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THE ORGANIZATION ("WBEC NY DMV") HOLDS EDUCATIONAL SEMINARS & WORKSHOPS FOR WOMEN- OWNED BUSINESSES IN THE PRIVATE SECTOR TO PROMOTE THE DEVELOPMENT OF EQUAL OPPORTUNITIES AND NEW MARKETS. EACH YEAR, WBEC NY DMV HOLDS WEEKLY AND MONTHLY EDUCATIONAL SEMINARS & WORKSHOPS IN THE DMV REGION SERVING APPROXIMATELY 3,500 ATTENDEES. WBEC NY DMV ALSO HELD WEEKLY AND MONTHLY SEMINARS/WORKSHOPS IN THE NEW YORK REGION SERVING APPROXIMATELY 4,000 ATTENDEES. THE ORGANIZATION CONTINUED TO OFFER THE SAGE ADVICE PROGRAM, SERVING 25 WOMEN IN START-UP AND YOUNG BUSINESS PHASES WHO NEED TO LEARN SKILLS AROUND BUDGETING, INSURANCE, SALES AND MARKETING, AND BUSINESS PLANNING. THE ORGANIZATION CONTINUED THE AMPLIFY MASTERMIND PROGRAM FOR BLACK OWNED BUSINESES WHO NEED TO LEARN SKILLS AROUND BUDGETING, INSURANCE, SALES AND MARKETING AND BUSINESS PLANNING, THROUGH A CULTURAL LENSE. THE AMPLIFY PROGRAM WAS EXPANDED TO AMPLIFY LATINA FOR LATINA BUSINESS OWNERS. THE ORGANIZATION ALSO OFFERED A PROGRAM INTRODUCING BUSINESS OWNERS TO THE LANGUAGE OF SUSTAINABILITY AND HOW TO DOCUMENT AND COMMUNICATE THEIR EFFORTS AROUND SUSTAINABILITY TO THEIR BUSINESS STAKEHOLDERS. THE ORGANIZATION ALSO OFFERED A VIRTUAL MATCHMAKING PROGRAM FOR BUSINESS OWNERS TO MEET ONE-ON-ONE WITH CORPROATE BUYERS. ALSO OFFERED IS A ONE PAGE BUSINESS PLAN PROGRAM WHERE BUSINESS OWNERS CREATED A ONE PAGE ACTIONABLE PLAN FOR THEIR BUSINESSES THAT THEY COULD SHARE THROUGHOUT THEIR COMPANIES. THE ORGANIZATION ALSO OFFERED A CYBERSECURITY INTENSIVE PROGRAM TO HELP BUSINESS OWNERS ENHANCE THEIR CYBERSECURITY AWARENESS OF POTENTIAL RISKS TO THEIR BUSINESSES, HELP DEVELOP GOOD CYBER HYGIENE BUSINESS PRACTICES, COMPLETE A CYBERSECURITY ASSESSMENT OF THEIR BUSINESS.

Program 2
Expenses: $1,104,897 Revenue: $1,721,750

THE ORGANIZATION CERTIFIES WOMEN-OWNED BUSINESSES WHICH IS INTENDED TO INCREASE OPPORTUNITIES AND LEVEL THE PLAYING FIELD FOR WOMEN-OWNED BUSINESSES. IN 2024, THE ORGANIZATION PROCESSED OVER 3,000...

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THE ORGANIZATION CERTIFIES WOMEN-OWNED BUSINESSES WHICH IS INTENDED TO INCREASE OPPORTUNITIES AND LEVEL THE PLAYING FIELD FOR WOMEN-OWNED BUSINESSES. IN 2024, THE ORGANIZATION PROCESSED OVER 3,000 APPLICATIONS AND RENEWALS FOR CERTIFICATION IN THE NEW YORK AND DMV REGIONS.

Program 3
Expenses: $552,451

THE ORGANIZATION PARTICIPATES IN VARIOUS PUBLIC SEMINARS AND CONFERENCES BY PROVIDING PROFESSIONAL SPEAKERS TO EDUCATE WOMEN- OWNED BUSINESSES ABOUT EQUAL OPPORTUNITIES AND CONNECTING WOMENS BUSINESS...

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THE ORGANIZATION PARTICIPATES IN VARIOUS PUBLIC SEMINARS AND CONFERENCES BY PROVIDING PROFESSIONAL SPEAKERS TO EDUCATE WOMEN- OWNED BUSINESSES ABOUT EQUAL OPPORTUNITIES AND CONNECTING WOMENS BUSINESS ENTERPRISES WITH SUCH OPPORTUNITIES IN THE PRIVATE AND PUBLIC SECTORS. OUTREACH PROGRAMS REACH OVER 6,700 PEOPLE DURING THE YEAR. IN BOTH TERRITORIES, THE CERTIFICATION MANAGERS ALSO PARTICIPATE IN OTHER OUTREACH PROGRAMS. THE ORGANIZATION PUBLISHES MONTHLY BULLETINS TO EDUCATE WOMEN-OWNED BUSINESSES ABOUT INCREASING THEIR OPPORTUNITIES, CIRCULATION IS APPROXIMATELY 5,800.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,331,085
Program Service Revenue $1,809,053
Investment Income $71,566
Other Revenue $0
TOTAL REVENUE $3,211,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,623,463
Fundraising Expenses $220,835
Program Expenses $2,762,245
Other Expenses $1,677,125
TOTAL EXPENSES $3,300,588

Year-over-Year Comparison

2024 2023 Change
Revenue $3,211,704 $2,803,269 +0.1%
Expenses $3,300,588 $2,955,505 +0.1%
Net Income $-88,884 $-152,236 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
27
Independent Members
25
Employees
18
Volunteers
N/A

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
5
$444,944
Total Directors
31
$444,944
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA EBERHARD PRESIDENT 20 40.00
Officer Director
$264,268 $22,070 $286,338
LEANDRA JOSEPH COO 40.00
Officer Director
$139,663 $18,943 $158,606
JESSICA LOZANO WILLIAMS START1224 DIRECTOR 1.00
Director
$0 $0 $0
JON SUBER END 1024 DIRECTOR 1.00
Director
$0 $0 $0
DOMINIQUE SELLERS START 1224 DIRECTOR 1.00
Director
$0 $0 $0
RAQUEL HEFFERNAN START 1224 DIRECTOR 1.00
Director
$0 $0 $0
RUPANDE MEHTA START 1224 DIRECTOR 1.00
Director
$0 $0 $0
ELISABETE MIRANDA END 224 DIRECTOR 1.00
Director
$0 $0 $0
ROSE HATCHER END 824 DIRECTOR 1.00
Director
$0 $0 $0
DIANA DOMENECH START 924 SECRETARY/TR 1.00
Officer Director
$0 $0 $0
JEANINE PEDOTO END 924 DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY AYERS DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE BUONFIGLIO DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER COLLINS VICE CHAIR, 1.00
Director
$0 $0 $0
MIRIAMA O DAVIS DIRECTOR 1.00
Director
$0 $0 $0
REUBEN ESSANDOH DIRECTOR 1.00
Director
$0 $0 $0
SUSAN FEINER DIRECTOR 1.00
Director
$0 $0 $0
LYNN MARIE FINN VICE CHAIR, 1.00
Director
$0 $0 $0
NANCY GEENAN DIRECTOR 1.00
Director
$0 $0 $0
I JAVETTE HINES DIRECTOR 1.00
Director
$0 $0 $0
CHERYL HOFMEISTER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT KHAN DIRECTOR 1.00
Director
$0 $0 $0
MARY MCEVOY CHAIR 1.00
Director
$0 $0 $0
PHALA MIRE PRESIDENT 20 40.00
Officer Director
$0 $0 $0
ANN RAMAKUMARAN DIRECTOR 1.00
Director
$0 $0 $0
AVIS YATES RIVERS VICE CHAIR 1.00
Officer Director
$0 $0 $0
SWATI SCANLON DIRECTOR 1.00
Director
$0 $0 $0
WENDY SHEN DIRECTOR 1.00
Director
$0 $0 $0
CHARLES SPEARMAN DIRECTOR 1.00
Director
$0 $0 $0
CHARLENE VICKERS DIRECTOR 1.00
Director
$0 $0 $0
WENDY WELLENER DIRECTOR 1.00
Director
$0 $0 $0
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 $3,211,704 $3,300,588 $2,852,003 $-88,884
2023 $2,803,269 $2,955,505 $2,973,407 $-152,236
2022 $2,570,286 $2,405,902 $2,960,234 $164,384
2021 $2,341,861 $2,114,745 $3,013,706 $227,116
2020 $2,292,234 $2,148,487 $2,734,025 $143,747
2019 $2,505,453 $2,030,954 $2,387,790 $474,499
2018 $2,141,994 $1,938,160 $1,617,762 $203,834
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