Community Development : Housing and Neighborhood Development

Women's Business Development Center

Empowering women towards entrepreneurship and economic self-sufficiency

four stars

95.57

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 95.57 four stars
  Financial 95.19 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 03/01/2020 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

96.00

This rating was published 03/01/2020 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.
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

Charts

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

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Women's Business Development Center (IL) 95.57 four stars
Commonwealth (MA) 88.26 three stars
Four Bands Community Fund (SD) 88.22 three stars
Opportunity Fund Community Development (CA) 90.13 four stars
Ventures (WA) 91.58 four stars

Compare These Charities (Highly Rated)

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