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Community Development : Housing and Neighborhood Development

Women's Business Development Center

Empowering women towards entrepreneurship and economic self-sufficiency

four stars

93.39

8 South Michigan Avenue 4th Floor
Chicago, IL 60603
tel: (312) 853-3477   Web Site
EIN: 36-3488628

Board Leadership
Debra Jennings-Johnson
Chairperson

CEO
Emilia DiMenco
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 93.39 four stars
  Financial 95.19 four stars
  Accountability & Transparency 92.00 four stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

The Women's Business Development Center (WBDC) is the oldest, largest, most comprehensive, and successful women's business assistance center in the United States. We're nationally and internationally recognized for our responsive, innovative, and effective programs and advocacy efforts. We deliver business services and financial assistance to empower women towards entrepreneurship and economic self-sufficiency. Since our founding in 1986, we've grown from a two-person operation to a national leader in women's economic development with a budget of $2.2 million. Over the years, we've assisted more than 55,000 women in the greater Chicago area, helped establish 14 additional women's business assistance centers in six states in the U.S., and continue to be credited for programs and policies that impact women's economic development across the nation and globally.

The Women's Business Development Center (WBDC) is the oldest, largest, most comprehensive, and successful women's business assistance center in the United States. We're nationally and internationally recognized for our responsive, innovative, and effective programs and advocacy efforts. We deliver business services and financial assistance to empower women towards entrepreneurship and economic self-sufficiency. Since our founding in 1986, we've grown from a two-person operation to a national leader in women's economic development with a budget of $2.2 million. Over the years, we've assisted more than 55,000 women in the greater Chicago area, helped establish 14 additional women's business assistance centers in six states in the U.S., and continue to be credited for programs and policies that impact women's economic development across the nation and globally.

Impact Information

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Financial

four stars

95.19

Accountability & Transparency

four stars

92.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
87.9%
  Administrative Expenses 5.5%
  Fundraising Expenses 6.5%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 0.58
  Program Expenses Growth 7.7%
  Liabilities to Assets 10.0%
All data for Financial Performance Metrics calculations was provided by Women's Business Development Center on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Women's Business Development Center on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Women's Business Development Center (IL) 93.39 four stars
Tides Center (CA) 96.50 four stars
Hebrew Free Loan of Metropolitan Detroit (MI) 89.19 three stars
Foundation for Financial Planning (DC) 96.23 four stars
ACCION San Diego (CA) 94.74 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,765,864
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $1,187,959
Total Contributions $2,953,823
   Program Service Revenue $1,404,162
Total Primary Revenue $4,357,985
   Other Revenue $2,552
TOTAL REVENUE $4,360,537
   
EXPENSES  
   Program Expenses $4,045,636
   Administrative Expenses $121,303
   Fundraising Expenses $288,846
TOTAL FUNCTIONAL EXPENSES $4,455,785
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-95,248
   
Net Assets $2,501,081

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Established Business Program $1,477,443 36.5%
Women's Business Enterprise Certification $804,054 19.9%
Emerging Business Program $730,894 18.1%

Ratings History
Women's Business Development Center has received 4 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 09/03/2019 93.39 four stars
2017-06 08/01/2018 94.13 four stars
2016-06 11/01/2017 91.24 four stars
2015-06 06/01/2016 91.16 four stars
 
CN 2.0
2015-06 03/01/2016 86.86 three stars
2014-06 09/01/2015 92.04 four stars
2013-06 06/01/2014 91.12 four stars
2012-06 07/01/2013 86.27 three stars
2011-06 05/01/2012 88.15 three stars
2010-06 09/20/2011 88.48 three stars
 
CN 1.0
2009-06 10/01/2010 89.53 three stars
2008-06 04/01/2009 90.17 four stars
2007-06 03/01/2008 80.90 three stars
2006-06 03/01/2007 79.57 two stars
2005-06 04/01/2006 85.20 three stars
2004-06 09/01/2005 93.17 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 36-3488628
Name in IRS Master File WOMENS BUSINESS DEVELOPMENT CENTER
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (229) Other business or professional group
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date April, 1987
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$141,790 3.18% Emilia Dimenco President, CEO
Other Salaries of Note
$41,472 0.93% Hedy M. Ratner Co-Founder & Co-President

Highly Rated

Charity Name & State Overall Score Overall Rating
Women's Business Development Center (IL) 93.39 four stars
Hebrew Free Loan Society (NY) 90.93 four stars
Ventures (WA) 90.41 four stars
EARN, Inc. (CA) 91.23 four stars
Tides Center (CA) 96.50 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Women's Business Development Center
8 South Michigan Avenue
4th Floor
Chicago, IL 60603
tel: (312) 853-3477
fax: (312) 853-0145
TTY: (800) 526-0844
EIN: 36-3488628

Visit Web Site

Board Leadership

Debra Jennings-Johnson
Chairperson

CEO

Emilia DiMenco
President & CEO

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