Women's Business Development Center
Women's Business Development Center reported $15.2 million in revenue and $16.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.65 went to program services, $10.16 to management and general costs and $2.19 to fundraising. Its largest source of revenue was contributions and grants: 86.1% of the total. Government grants made up 72.3%. The highest compensation it reported for one person was $320,669 (PRESIDENT & CHIEF EXEC (OUTGOING)). 7 people received more than $100,000 in reportable compensation. Revenue rose 154% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.7% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.2% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.2% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 86.1% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 72.3% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 12.9% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $320,669 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.97% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 7 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.3 | 6.8 |
| Independent voting board members Part VI 1a–1b | 19 of 22 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe access to capital program focuses on helping business owners develop a better understanding of their business finances by providing financial assessment and counseling, loan application assistance as well as equity options, and direct lending. Additionally, on behalf of various government agencies, the wbdc administered government pandemic relief programs. In total, 1,435 persons served during fiscal year
The established business program serves established businesses who would like to grow their business and build capacity. Services include workshops, certification services, assistance with corporate and government contracting, and business advising. 3,204 persons served during fiscal year
The wbdc provides women's business enterprise (wbe) certification to women-owned businesses in a nine state midwest region through a partnership with the women's business enterprise national council (wbenc). 2,616 persons certified during fiscal year
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CHIEF EXEC (OUTGOING) Director/trustee, officer, 40.00 hrs/week | $313,684 | $0 | $6,985 | $320,669 |
| VICE PRESIDENT Highest compensated employee, 40.00 hrs/week | $136,466 | $0 | $13,027 | $149,493 |
| CHIEF DEVELOPMENT OFFICER Highest compensated employee, 40.00 hrs/week | $125,577 | $0 | $5,797 | $131,374 |
| MANAGING DIR STRATEGIC PARTNERSHIPS Highest compensated employee, 40.00 hrs/week | $109,109 | $0 | $18,184 | $127,293 |
| MANAGING DIR ENT BUS PROG AND SVCS Highest compensated employee, 40.00 hrs/week | $110,062 | $0 | $15,663 | $125,725 |
| MANAGING DIR ENT BUS PROG AND SVCS Highest compensated employee, 40.00 hrs/week | $105,839 | $0 | $17,849 | $123,688 |
| CO-FOUNDER & CO-PRESIDENT Director/trustee, 10.00 hrs/week | $25,000 | $0 | $0 | $25,000 |
7 people received more than $100,000 in reportable compensation from Women's Business Development Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $269K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b22 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 552
- Volunteers Part I, line 631
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| NEXT STREET FINANCIAL LLC Cook county program coordinator | $2,549,831 |
| OSTROW REISIN BERK & ABRAMS LTD Accounting services | $190,000 |
| HAWTHORNE STRATEGY GROUP Marketing/grant work | $114,000 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
8 private foundations reported grants to Women's Business Development Center totaling $196K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Women's Business Development Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Women's Business Development Center, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Women's Business Development Center spent in FY2025, $87.65 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- JCC of Central New JerseyScotch Plains, NJ · revenue $15M · programs 81.3% · FY2025
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- Ron Burton Training VillageHubbardston, MA · revenue $15M · programs 71.5% · 2025
- J Bar J Youth ServicesBend, OR · revenue $15M · programs 84.0% · FY2025
Questions people ask
How much of Women's Business Development Center's spending goes to programs?
In the fiscal year ending June 30, 2025, Women's Business Development Center reported that 87.7% of its $16.3 million in expenses went to program services, 10.2% to management and general and 2.2% to fundraising (Form 990, Part IX).
How much does Women's Business Development Center pay its top executive?
The largest total compensation Women's Business Development Center reported for one person in the fiscal year ending June 30, 2025 was $320,669, for the role of PRESIDENT & CHIEF EXEC (OUTGOING) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Women's Business Development Center get its money?
Of $15.2 million in revenue in the fiscal year ending June 30, 2025, 86.1% came from contributions and grants (including 72.3% from government grants) and 12.9% from program service revenue (Form 990, Part VIII).
Is Women's Business Development Center a registered charity?
The IRS lists EIN 36-3488628 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611349349302561 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349305435 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401219349301655 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341299349303569 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210539349301756 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100579349300540 · read the filing
All filings for EIN 36-3488628: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.