ASSOCIATION OF WOMEN'S BUSINESS CENTERS

EIN: 371771308 501(c)(3) Employment

WASHINGTON, DC

Total Revenue
$2,164,446
Total Expenses
$1,953,397
Total Assets
$1,170,366
Net Assets
$1,032,913
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
DC
Principal Officer
CORINNE GOBLE
Phone
2024304756
Tax Period
2024-01-01 to 2024-12-31

ASSOCIATION OF WOMEN'S BUSINESS CENTERS, founded in 2000, is a community nonprofit in the Employment sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 10% surplus.

Mission

THE AWBC WORKS TO SECURE ECONOMIC JUSTICE AND ENTREPRENEURIAL OPPORTUNITIES FOR WOMEN BY SUPPORTING AND SUSTAINING A NATIONAL NETWORK OF OVER 100 WOMEN'S BUSINESS CENTERS (WBCS).

Program Service Accomplishments

Program 1
Expenses: $931,478

WOMEN'S BUSINESS CENTER CAPACITY BUILDING:IN RECOGNITION THAT THE BEST WAY FOR AWBC TO SUPPORT THE CAPACITY OF THE WOMEN'S BUSINESS CENTERS IS BY FINDING AND DEPLOYING FUNDING TO THEM, IN 2024, AWBC...

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WOMEN'S BUSINESS CENTER CAPACITY BUILDING:IN RECOGNITION THAT THE BEST WAY FOR AWBC TO SUPPORT THE CAPACITY OF THE WOMEN'S BUSINESS CENTERS IS BY FINDING AND DEPLOYING FUNDING TO THEM, IN 2024, AWBC DISPERSED SUBGRANTS TO WOMEN'S BUSINESS CENTERS IN EFFORTS TO BUILD CAPACITY AND CULTIVATE SUSTAINABILITY FOR ITS MEMBERS ACROSS THE NATION. FUNDING FOR THIS PROGRAM CAME FROM VERIZON SMALL BUSINESS DIGITAL READY ROUND 4, CA SSBCI, VERIZON SKILL FORWARD AND A VERIZON SMALL BUSINESS DIGITAL READY EXTENSION. VERIZON SMALL BUSINESS DIGITAL READY (VSBDR): CONNECTING ENTREPRENEURS & SMALL BUSINESS OWNERS TO THE RESOURCES AND COMMUNITY AVAILABLE ON THE VERIZON SMALL BUSINESS DIGITAL READY PLATFORM.VERIZON SKILL FORWARD: CONNECTING ENTREPRENEURS AND SMALL BUSINESS OWNERS WITH THE RESOURCES AND COMMUNITY AVAILABLE ON THE VERIZON SKILL FORWARD PLATFORM. VERIZON SKILL FORWARD EQUIPS YOU WITH THE SKILLS NEEDED TO GROW IN YOUR FIELD OR FORGE A NEW CAREER PATH THROUGH JOB-RELEVANT PROGRAMS. WITH FREE ACCESS TO EDX'S SELF-PACED, EXPERT-LED ONLINE COURSES, YOU CAN DEVELOP IN-DEMAND SKILLS TAILORED TO TODAY'S JOB MARKET - PREPARING YOU FOR NEW OPPORTUNITIES. TIKTOK'S SUPPORTING OUR ARTISANS AND RETAILERS ACCELERATOR PROGRAM: WOMEN SMALL BUSINESS OWNERS PARTICIPATED IN A BUSINESS ACCELERATOR PROGRAM DEDICATED TO EMPOWERING ENTREPRENEURS AND ENHANCING THE GROWTH OF THEIR TIKTOK SHOPS. OUR CAREFULLY SELECTED PARTICIPANTS JOINED WEEKLY COACHING SESSIONS AND COMMUNITY CALLS, WHERE THEY'VE GAINED VALUABLE INSIGHTS INTO TIKTOK SHOP, HONED THEIR BUSINESS SKILLS, AND BUILT CONFIDENCE AS SMALL BUSINESS OWNERS.

Program 2
Expenses: $523,274 Revenue: $212,659

LEADERSHIP CONFERENCE:THE SEPTEMBER 2024 ANNUAL LEADERSHIP CONFERENCE IN KANSAS CITY WAS AN INCREDIBLE EVENT, BRINGING TOGETHER OVER 350 ATTENDEES, INCLUDING WOMEN'S BUSINESS CENTERS, SMALL BUSINESS...

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LEADERSHIP CONFERENCE:THE SEPTEMBER 2024 ANNUAL LEADERSHIP CONFERENCE IN KANSAS CITY WAS AN INCREDIBLE EVENT, BRINGING TOGETHER OVER 350 ATTENDEES, INCLUDING WOMEN'S BUSINESS CENTERS, SMALL BUSINESS OWNERS, AND INDUSTRY LEADERS. ATTENDEES ENJOYED SESSIONS PACKED WITH VALUABLE INSIGHTS TO HELP THEIR BUSINESSES AND ORGANIZATIONS THRIVE. WE HAD THE PLEASURE OF HEARING FROM INSPIRING SPEAKERS LIKE: ISABEL GUZMAN, U.S. SMALL BUSINESS ADMINISTRATION (SBA) ADMINISTRATOR NIA MATHIS, VERIZON VP AND CHIEF ESG ENGAGEMENT OFFICER KELLY SKALICKY, PRESIDENT AND CEO OF STEARNS BANK. IN ADDITION TO THE SESSIONS, WE HAD SOME AMAZING OUTINGS, INCLUDING VISITS TO THE KC CURRENT STADIUM AND KC LIVE IN THE POWER AND LIGHT DISTRICT. WE WERE HAPPY TO HAVE A VIDEO PRESENTED AT THE CONFERENCE FROM SHARICE DAVIDS (D-KS 3RD DISTRICT).

Program 3
Expenses: $108,327

HOPE2WOMEN:HOPE2WOMEN.ORG, LAUNCHED IN MAY 2023, CONNECTS ENTREPRENEURS TO THE NATIONAL NETWORK OF WOMEN'S BUSINESS CENTERS, OFFERING RESOURCES, EDUCATION, CAPITAL OPPORTUNITIES, AND REFERRAL...

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HOPE2WOMEN:HOPE2WOMEN.ORG, LAUNCHED IN MAY 2023, CONNECTS ENTREPRENEURS TO THE NATIONAL NETWORK OF WOMEN'S BUSINESS CENTERS, OFFERING RESOURCES, EDUCATION, CAPITAL OPPORTUNITIES, AND REFERRAL SERVICES. OUR 2024 STATS SHOWING A GROWING DEMAND FOR THIS SERVICE: REQUESTS FOR ASSISTANCE: 284 INSTAGRAM FOLLOWERS: 4,088 NEW NEWSLETTER SUBSCRIBERS: 376 H2W SITE: 6.5K VISITS.

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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 $1,946,905
Program Service Revenue $212,659
Investment Income $4,882
Other Revenue $0
TOTAL REVENUE $2,164,446

Expense Breakdown

Grants Paid $392,233
Salaries & Benefits $612,160
Fundraising Expenses $83,537
Program Expenses $1,563,079
Other Expenses $949,004
TOTAL EXPENSES $1,953,397

Year-over-Year Comparison

2024 2023 Change
Revenue $2,164,446 $1,804,547 +0.2%
Expenses $1,953,397 $1,762,118 +0.1%
Net Income $211,049 $42,429 +4.0%
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
18
Independent Members
18
Employees
8
Volunteers
39

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
6
$212,053
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KLASSI DUNCAN CHAIR 5.00
Officer Director
$0 $0 $0
ROBERTA MCCULLOUGH PAST CHAIR 5.00
Officer Director
$0 $0 $0
NICOLE LIATOS VICE CHAIR 5.00
Officer Director
$0 $0 $0
ANNE FLYNN SCHLICHT TREASURER 5.00
Officer Director
$0 $0 $0
KATHRYN RUDLOFF SECRETARY 5.00
Officer Director
$0 $0 $0
CHRISTY DAUER BOARD MEMBER 5.00
Director
$0 $0 $0
RUTH GARCIA-CORRALES BOARD MEMBER 5.00
Director
$0 $0 $0
AUSTIN GOBLE BOARD MEMBER (FROM 09/24) 5.00
Director
$0 $0 $0
NIKKI HAHN BOARD MEMBER 5.00
Director
$0 $0 $0
GWEN HART BOARD MEMBER 5.00
Director
$0 $0 $0
KATTY IBARRA BOARD MEMBER 5.00
Director
$0 $0 $0
SOPHIA KANAAN BOARD MEMBER 5.00
Director
$0 $0 $0
DANETTE NGUYEN BOARD MEMBER (FROM 09/24) 5.00
Director
$0 $0 $0
CINDY RAMOS-DAVIDSON BOARD MEMBER 5.00
Director
$0 $0 $0
LUZ SELLERS BOARD MEMBER (FROM 09/24) 5.00
Director
$0 $0 $0
RANA SHANAWANI BOARD MEMBER 5.00
Director
$0 $0 $0
JACKIE SCOTT BOARD MEMBER (FROM 09/24) 5.00
Director
$0 $0 $0
KASSI STRONG BOARD MEMBER (FROM 09/24) 5.00
Director
$0 $0 $0
MARY ANN PETRILLO BOARD MEMBER (UNTIL 09/24) 5.00
Director
$0 $0 $0
CORINNE GOBLE CEO 40.00
Officer
$190,897 $21,156 $212,053
JESSICA YANKEE VP OF PROGRAMS 40.00
Highest
$128,654 $17,789 $146,443
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 $2,164,446 $1,953,397 $1,170,366 $211,049
2023 $1,804,547 $1,762,118 $941,235 $42,429
2022 $1,694,343 $1,374,830 $803,724 $319,513
2021 $1,225,444 $980,469 $509,580 $244,975
2020 $599,203 $592,064 $259,216 $7,139
2019 $392,945 $520,073 $234,363 $-127,128
2018 $473,878 $572,318 $339,334 $-98,440
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