2023-11-10T09:44:48-06:00 2022-12-31 061667465 PRAGER METIS CPAS LLC 800 WESTCHESTER AVE SUITE N-400 RYE BROOK NY 10573 990 2022-01-01 134042394 WOMEN'S ENTERPRISE DEVELOPMENT CENTER IN WOME 9149486098 901 NORTH BROADWAY 23 NORTH WHITE PLAINS NY 10603 NIKKI HAHN CEO 9149486098 2023-11-08 1 NIKKI HAHN 999009999 0 JAMES R D'ARCANGELO P00836264 9146944600 2023-11-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z NIKKI HAHN 901 NORTH BROADWAY SUITE 23 NORTH WHITE PLAINS NY 10603 1800742 0 X WWW.WEDCBIZ.ORG X 1997 NY SEE DETAILED STATEMENT OF PROGRAM SERVICE ACTIVITIES ON SCHEDULE O; SEE ALSO PART III 14 14 19 150 0 0 1775780 1603745 10380 178866 146 94 -4855 -1447 1781451 1781258 0 0 0 0 844340 985136 0 0 57187 612327 583880 1456667 1569016 324784 212242 1478875 1838406 120828 268117 1358047 1570289 X 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. 0 0 1298108 178866 WEDC PROVIDES TRAINING, ADVISORY SERVICES, AND ACCESS TO CAPITAL FOR WOMEN ENTREPRENEURS THROUGHOUT WESTCHESTER COUNTY AND THE LOWER AND MID-HUDSON VALLEY. THROUGHOUT THE PANDEMIC, WEDC HAS RESPONDED QUICKLY TO MEET THE NEEDS OF SMALL BUSINESS OWNERS BY CONDUCTING TRAINING PROGRAMS AND COUNSELING SESSIONS VIRTUALLY. THESE SERVICES INCLUDED A FOCUS ON HELPING CLIENTS ACCESS FUNDING FROM THE SMALL BUSINESS ADMINISTRATION FOR THE PAYCHECK PROTECTION AND ECONOMIC INDUSTRY DISASTER LOAN PROGRAMS. WEDC HAS ALSO ASSISTED CLIENTS IN NEED OF RETHINKING THEIR BUSINESS MODELS. DURING 2022, WEDC SERVED 619 UNIQUE SPANISH-SPEAKING CLIENTS AND 610 UNIQUE ENGLISH-SPEAKING CLIENTS. SEE ALSO SCHEDULE O EXTENSIONS FOR PART I, LINE 1 AND PART III, LINE 4A. IN ADDITION, WEDC SUBMITTED 11 MWBE APPLICATIONS, OFFERED 98 TRAINING SESSIONS, PROVIDED MORE THAN 1,000 HOURS OF TECHNICAL ASSISTANCE, AND SUBMITTED 159 COVID RESPONSIVE FUNDING SUBMISSIONS. 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. 1298108 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 69 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X NIKKI HAHN 9149486098 901 NORTH BROADWAY STE 23 NORTH WHITE PLAINS NY 10603 BARBARA VAN BERGEN PRESIDENT/DIRECTOR 3.00 X X 0 0 0 RITA RAMIREZ VICE PRESIDENT/DIRECTOR 3.00 X X 0 0 0 STEPHEN CHASE TREASURER/DIRECTOR 3.00 X X 0 0 0 JACQUELINE J WARNER ESQ SECRETARY/DIRECTOR THROUGH MAY 2022 3.00 X X 0 0 0 EDWARD A MORGAN ESQ DIRECTOR 3.00 X 0 0 0 KAREN A CAMPBELL DIRECTOR 3.00 X 0 0 0 TONI ANN RUFEH DIRECTOR 1.00 X 0 0 0 REDINA HEMBREE DIRECTOR 2.00 X 0 0 0 NANCY KESSLER SECRETARY 1.00 X 0 0 0 CAROLYN B MANDELKER DIRECTOR 1.00 X 0 0 0 GINGER SIEGEL DIRECTOR 1.00 X 0 0 0 LISA TRETLER DIRECTOR 3.00 X 0 0 0 MELINDA A WHITE DIRECTOR THROUGH OCTOBER 2022 1.00 X 0 0 0 AMANDA HACK DIRECTOR 1.00 X 0 0 0 JEFF DAVIS DIRECTOR 1.00 X 0 0 0 CHELEN REYES DIRECTOR 1.00 X 0 0 0 NIKKI HAHN CHIEF EXECUTIVE OFFICER 40.00 X 120000 0 0 120000 0 0 2 0 0 0 0 47526 1207297 348922 1603745 PROGRAM FEES 611430 178866 178866 178866 94 94 6000 0 6000 6000 6000 10131 47526 19484 -9353 -9353 OTHER REVENUE 900099 1906 1906 1906 1781258 178866 0 -1353 X 126000 100800 18900 6300 758208 606566 113731 37911 24747 19798 3712 1237 76181 60945 11427 3809 20500 20500 393290 373271 20019 1152 1152 31245 24996 4709 1540 69075 55260 10361 3454 44691 35753 6703 2235 11361 9089 1704 568 7778 6222 1556 DUES & SUBSCRIPTIONS 2662 2130 399 133 PRINTING & PUBLICATIONS 1826 1826 OTHER FEES 300 300 1569016 1298108 213721 57187 77296 225638 373336 169831 916602 1110973 9750 69728 57693 20677 73913 47739 37535 26174 6663 215385 1478875 1838406 35744 54889 85084 0 213228 120828 268117 X 1314047 1507069 44000 63220 1358047 1570289 1478875 1838406 212242 0 X 0 1 X 1 0 X 820245 835117 1543419 1739015 1063745 6001541 820245 835117 1543419 1739015 1063745 6001541 250121 5751420 3225 669 501 146 94 4635 6500 3850 6000 6000 7906 30256 6036432 228344 0.95280 0.96270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1569016 1569016 228451 57113 0 0 143715 216155 220667 228451 808988 1213482 35929 54039 55167 57113 202248 303372 73913 47739 26174 26174 SECURITY DEPOSIT 6663 OPERATING LEASE RIGHT-OF-USE ASSET 208722 215385 OPERATING LEASE LIABILITY 213228 213228 1801827 20569 20569 1781258 0 1781258 1589585 20569 20569 1569016 0 1569016 SPECIAL EVENTS - GALA 57657 47526 10131 10131 9353 57657 47526 10131 10131 9353 19484 -9353 FORM 990, PART I, LINE 1 THE WOMEN'S ENTERPRISE DEVELOPMENT CENTER INC. (WEDC) EMPOWERS ENTREPRENEURS TO BUILD SUCCESSFUL BUSINESSES BY PROVIDING HIGH-QUALITY TRAINING PROGRAMS, ADVISORY SERVICES AND ACCESS TO CAPITAL TO PROMOTE THE GROWTH OF WOMEN'S ENTREPRENEURSHIP THROUGHOUT WESTCHESTER COUNTY AND THE MID-HUDSON VALLEY. THE PROGRAM IS DESIGNED TO HELP WOMEN START AND EXPAND THEIR BUSINESSES TO ACHIEVE ECONOMIC INDEPENDENCE. WEDC ACHIEVES ITS GOALS BY OFFERING A WIDE ARRAY OF BUSINESS DEVELOPMENT PROGRAMS AND SERVICES, INCLUDING ITS 60-HOUR ENTREPRENEURIAL TRAINING PROGRAM, ONE-ON-ONE BUSINESS COUNSELING, WORKSHOPS, SMALL GROUP COUNSELING SESSIONS, WEBINARS, ASSISTANCE WITH ACCESSING CAPITAL AND ASSISTANCE WITH M/WBE CERTIFICATION. WEDC ALSO OFFERS MENTORING AND NETWORKING OPPORTUNITIES. IN ADDITION, WEDC PROVIDES BUSINESS TRAINING TO SPECIAL GROUPS SUCH AS CHILD CARE PROVIDERS AND FEMALE VETERANS. THE PROGRAMS AND SERVICES ARE OFFERED IN ENGLISH AND SPANISH. WEDC IS THE US SMALL BUSINESS ADMINISTRATION'S WOMEN'S BUSINESS CENTER AND THE EMPIRE STATE DEVELOPMENT'S ENTREPRENEURIAL ASSISTANCE PROGRAM (EAP) CENTER FOR BOTH WESTCHESTER COUNTY AND THE MID-HUDSON VALLEY. FORM 990, PART I, LINE 6 THE ORGANIZATION RELIES ON THE GENEROSITY OF VOLUNTEERS TO HELP CARRYOUT ITS MISSION. VOLUNTEERS PROVIDE A WIDE ARRAY OF SERVICES TO THE ORGANIZATION FROM SERVING ON EVENT PLANNING COMMITTEES TO PRESENTING WORKSHOPS ON BUSINESS TOPICS. FORM 990, PART VI, SECTION B, LINE 11B WEDC HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE RETURN HAS BEEN PREPARED, IT IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER, BOARD PRESIDENT, BOARD TREASURER, AND ANOTHER BOARD MEMBER. AFTER ALL QUESTIONS HAVE BEEN ADDRESSED AND THE FORM 990 IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY CIRCULATED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES, IN ADDITION TO ANNUAL DISCLOSURE, ARE REQUIRED TO MAKE DISCLOSURES AS NEEDS ARISE AND TO REFRAIN FROM PARTICIPATION IN DECISION-MAKING (APART FROM PROVIDING INFORMATION) WHILE THE MATTER IS REVIEWED AND ANY RELATED ACTIONS TAKEN. AFTER THE INITIAL DISCLOSURE, THE AFFECTED INTERESTED PERSON IS REQUIRED TO PROVIDE ADDITIONAL, STANDARD INFORMATION AND ALSO TO MAKE FULL DISCLOSURE OF ANY TRANSACTION AND RELATED INFORMATION WHICH MAY BE REQUESTED. DISCLOSURES ARE NORMALLY REFERRED INITIALLY TO THE AUDIT COMMITTEE, WHICH CONDUCTS A FULL REVIEW AND MAKES RECOMMENDATIONS AS TO WHETHER ANY ACTIONS INVOLVED WOULD BE IN THE BEST INTEREST OF WEDC, WITH OR WITHOUT ADDITIONAL CONDITIONS. WEDC'S BOARD OF DIRECTORS (WHICH MAY ALSO, IF IT WISHES, PERFORM ALL OR PART OF THE FULL REVIEW NORMALLY DONE BY THE AUDIT COMMITTEE) CONSIDERS THE MATTER, TOGETHER WITH ANY AUDIT COMMITTEE RECOMMENDATION, AND MAKES ANY DECISIONS INDICATED BY THE CIRCUMSTANCES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS AND RECOMMENDS APPROVAL OF THE SALARY FOR THE CHIEF EXECUTIVE OFFICER, SUBJECT TO FURTHER REVIEW AND APPROVAL BY THE BOARD. THE COMPENSATION COMMITTEE, REPORTING TO THE BOARD, ALSO PERIODICALLY REVIEWS OTHER STAFF COMPENSATION TO DETERMINE, BASED UPON COMPENSATION LEVELS AND OTHER FACTORS, OTHER KEY EMPLOYEES FOR WHOM ADDITIONAL COMPENSATION REVIEW IS DEEMED APPROPRIATE. THE COMMITTEE AND BOARD PROCESS WAS MOST RECENTLY COMPLETED DURING JANUARY 2023. FORM 990, PART VI, SECTION C, LINE 19 WEDC MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON THE NEW YORK STATE ATTORNEY GENERAL WEBSITE AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING WEDC DIRECTLY. FORM 990, PART IX, LINE 11G CONTRACT SERVICES (PROGRAM EXPENSES): PROGRAM SERVICE EXPENSES 169,495. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 169,495. PROFESSIONAL AND CONSULTING FEES: PROGRAM SERVICE EXPENSES 203,776. MANAGEMENT AND GENERAL EXPENSES 20,019. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 223,795. FORM 990, PART VI, LINE 1A WEDC HAS A NORMAL EXECUTIVE COMMITTEE. IT IS COMPOSED OF ALL WEDC OFFICERS WHO ARE BOARD MEMBERS, WITH BROAD GENERAL AUTHORITY TO ACT WHERE THE BOARD MAY ACT EXCEPT AS EXCLUDED BY NEW YORK LAW OR SPECIFIC BOARD RESOLUTIONS FROM TIME TO TIME. FORM 990, PART VI, LINE 14 WEDC'S MANAGEMENT AND BOARD OF DIRECTORS ARE AWARE OF THE RULES AND REGULATIONS CONCERNING DOCUMENT RETENTION AND DESTRUCTION. SHOULD SUCH SITUATIONS ARISE, THE ORGANIZATION INTENDS TO FULLY COMPLY WITH THE REQUIREMENTS.