2023-11-17T16:22:43-06:00 2023-06-30 223008776 HAEFELE FLANAGAN & CO PC 1000 S LENOLA ROAD MAPLE SHADE NJ 08052 990 2022-07-01 232810092 WOMEN'S BUSINESS ENTERPRISE CENTER EAST WOME 2157909232 123 S BROAD STREET SUITE 500 PHILADELPHIA PA 19109 ELIZABETH WALSH PRESIDENT 2157909232 2023-11-09 1 ELIZABETH WALSH XXX-XX-XXXX 1 DAVID J GILL JR P00935081 8567225300 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELIZABETH WALSH 123 S BROAD STREET SUITE 500 PHILADELPHIA PA 19109 1822745 0 X WWW.WBECEAST.COM X 1995 PA TO FOSTER THE DEVELOPMENT AND RETENTION OF SUCCESSFUL WOMEN-OWNED BUSINESSES. ALSO, TO FACILITATE THE RELATIONSHIP BETWEEN CORPORATIONS, GOVERNMENTS AND WOMEN-OWNED BUSINESSES TO PROVIDE GROWTH AND SUSTAINABILITY. 9 9 16 0 0 0 762618 771449 915828 1014831 1353 1777 49254 -19170 1729053 1768887 0 0 0 0 1090251 1059419 0 0 16326 583641 684835 1673892 1744254 55161 24633 1501444 2175815 408452 1058190 1092992 1117625 X WBEC-EAST IS DEDICATED TO THE ECONOMIC EMPOWERMENT OF WOMEN BY PROVIDING THE MOST RELIED UPON STANDARD FOR CERTIFICATION OF WOMEN-OWNED BUSINESSES, WORLD-CLASS ENTREPRENEURIAL TRAINING AND EDUCATION, TOOLS AND NETWORKING OPPORTUNITIES TO DEVELOP AND GROW SUCCESSFUL BUSINESSES. FORMED IN 1995, WBEC-EAST HAS FOSTERED AND DEVELOPED HUNDREDS OF BUSINESSES BY OFFERING A COMPREHENSIVE MENU OF ENTREPRENEURIAL EDUCATION, TRAINING, ACCESS TO CAPITAL AND WOMEN'S BUSINESS ENTERPRISE (WBE) CERTIFICATION. IN THE PAST YEAR ALONE WBEC-EAST HAS PROVIDED 250+ EDUCATIONAL AND NETWORKING OPPORTUNITIES TO 3000+ WOMEN BUSINESS START-UPS AND OWNERS. WBEC-EAST FACILITATES RELATIONSHIPS AND PROCUREMENT OPPORTUNITIES FOR WOMEN-OWNED BUSINESSES AND CORPORATIONS WITH SUPPLIER DIVERSITY INITIATIVES. WBEC-EAST SERVES A BROAD SPECTRUM OF WOMEN FROM ALL SOCIO-ECONOMIC BACKGROUNDS INCLUDING ASPIRING MICRO-ENTREPRENEURS TO OWNERS OF MULTI-GENERATION ESTABLISHED WOMEN-OWNED COMPANIES. 0 0 271114 62826 WBEC-EAST PROVIDES START UP, EMERGING AND ESTABLISHED ENTREPRENEUR'S VIRTUAL EDUCATION AND TRAINING WORKSHOPS TO BECOME SUCCESSFUL. THESE EDUCATION AND TRAINING WORKSHOPS INCLUDE: MARKET RESEARCH, FINANCIAL ANALYSIS, BUSINESS PLANNING, BUSINESS COACHING ETC. 1116263 932005 WBEC-EAST THROUGH ITS PARTNERSHIP WITH WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL ("WBENC") PROVIDES CERTIFICATIONS TO WOMEN-OWNED BUSINESSES. THESE CERTIFICATIONS ARE USED AS A MARKETING TOOL FOR EXPANDING A COMPANY'S VISIBILITY AND ACCESS TO DECISION MAKERS IN SUPPLIER DIVERSITY AND PROCUREMENT OFFICES. 20000 44666 WBEC-EAST SOLICITS FUNDS THAT ARE DEDICATED TO INTERNAL SCHOLARSHIP AND GRANTS. SCHOLARSHIPS AND GRANTS ARE ISSUED TO OFFSET FEES TO ATTEND VARIOUS ENTREPRENEURIAL TRAINING PROGRAMS FOR WOMEN STARTING OR GROWING THEIR BUSINESS. RECIPIENTS OF THESE FUNDS ARE ADVISED OF THE BENEFACTOR. 1407377 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 16 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X ELIZABETH WALSH PRESIDENT 2157909232 123 S BROAD STREET SUITE 500 PHILADELPHIA PA 19109 GEORGE EHRGOTT DIRECTOR 2.00 X 0 0 0 NANCY GUNZA CPA TREASURER 2.00 X X 0 0 0 CECILIA ISAACS-BLUNDIN CHAIR 2.00 X X 0 0 0 CYNTHIA FUNARO TOWERS ESQ VICE CHAIR 2.00 X X 0 0 0 VERNICE LEWIS DIRECTOR 2.00 X 0 0 0 LIV CARTER DIRECTOR 2.00 X 0 0 0 ALLEN RIDDICK DIRECTOR 2.00 X 0 0 0 DALE BUDDINE DIRECTOR 2.00 X 0 0 0 ELIZABETH WALSH PRESIDENT 40.00 X 213117 0 43323 213117 0 43323 1 0 1 0 0 165620 78150 150000 377679 771449 CERTIFICATION FEES 611430 932005 932005 SCHOLARSHIP CONTRIBUTI 611430 44666 44666 TRAINING FEES 611430 21219 21219 PROGRAM EVENT INCOME 611430 16941 16941 1014831 1777 1777 26355 78150 53858 -27503 -27503 BAD DEBT RECOVERY 900099 8333 8333 8333 1768887 1014831 0 -17393 857167 683321 173846 133929 120292 13637 68323 54670 13653 218899 183700 35199 85084 68384 16700 9746 5853 3893 31233 9694 21539 41190 36804 1249 3137 116049 93582 22467 27671 23511 4160 125 125 17883 14325 3558 7597 6091 1506 MERCHANT FEES 37384 35120 428 1836 PROGRAM MATERIALS 34569 26582 527 7460 SCHOLARSHIP AWARDS 20000 20000 0 0 EVENT SPACE RENTAL 11819 11819 0 0 25586 13504 12082 1744254 1407377 320551 16326 137399 183684 1072870 971179 117416 150490 62166 44194 116352 63284 74835 53068 36758 773200 1501444 2175815 219921 163082 188531 122341 0 772767 408452 1058190 X 1078917 1085184 14075 32441 1092992 1117625 1501444 2175815 24633 0 X X 0 1 X 1 0 X 611350 816497 1076463 887201 1166926 4558437 739193 825120 916371 901753 970165 4352602 1350543 1641617 1992834 1788954 2137091 8911039 0 0 0 8911039 4813 4840 1982 1353 1777 14765 4813 4840 1982 1353 1777 14765 1355356 1646457 1994816 1790307 2138868 8925804 0.99830 0.99800 0.00170 0.00200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 116352 63284 53068 53068 SECURITY DEPOSIT 32751 ROU ASSET - OPERATING 740449 773200 LEASE LIABILITY - OPERATING 772767 772767 X 2103760 334873 334873 1768887 0 1768887 2079127 334873 334873 1744254 0 1744254 PART X, LINE 2: WBEC-EAST IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WBEC-EAST FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNITION, INTEREST, PENALTIES, AND DISCLOSURES REQUIRED. WBEC-EAST BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. WBEC-EAST'S FEDERAL EXEMPT ORGANIZATION INCOME TAX RETURNS (FORM 990) FOR 2020, 2021, AND 2022 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. NETWORKING DINNER 104505 78150 26355 104505 78150 26355 26355 1 X 0 0 0 0 0 0 0 0 0 ELIZABETH WALSH PRESIDENT 213117 0 0 0 0 0 0 0 43323 0 256440 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS AND DISCUSSES COMPENSATION OF THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FINANCE COMMITTEE OF THE BOARD OF DIRECTORS AND PRESIDENT REVIEW THE 990 TOGETHER TO VERIFY THE AMOUNTS REPORTED AGREE WITH THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS FOR THE YEAR AND ALL QUESTIONS ARE ANSWERED ACCURATELY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DISCUSSES ANY CONFLICT OF INTEREST UPON ADDING NEW BOARD MEMBERS AND DISCUSSES, ANNUALLY, TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE BOARD OF DIRECTORS DISCUSSES THE PRESIDENT'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.