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Women's Business Enterprise National Council

Also known as Wbenc

Washington, DC · EIN 52-2023392 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Women's Business Enterprise National Council reported $16.9 million in revenue and $18.0 million in expenses for calendar year 2024. Of every $100 it spent, $86.32 went to program services, $12.86 to management and general costs and $0.82 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.7% of the total. The highest compensation it reported for one person was $523,884 (PRESIDENT & CEO). 21 people received more than $100,000 in reportable compensation. Revenue rose 44% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $18M

For context, the median across 132 covered civil rights, social action & advocacy charities: $84.11 programs, $11.40 management, $4.49 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $17M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 132 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
86.3%82.1%
Management & general
Part IX 25(C) ÷ 25(A)
12.9%11.1%
Fundraising
Part IX 25(D) ÷ 25(A)
0.8%4.4%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.06$0.05
Contributions & grants share of revenue
Part VIII 1h ÷ 12
15.3%94.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
84.7%0.3%
Highest reported compensation
Part VII-A, columns D–F
$523,884$321,771
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.91%1.81%
People paid over $100,000
Part VII, line 2
218
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
5.010.5
Independent voting board members
Part VI 1a–1b
67 of 68100.0%

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

2024 · Form 990, Part III · the three largest programs by expense
$6.3M expenses · 40.2% of program spending · grants $10,500 · revenue $6.9M

Events: events is comprised of two annual, in-person conferences. The national conference, wbenc's signature event, is the largest conference of its kind for Women Business owners, welcoming thousands of women entrepreneurs and corporate executives ready to make connections and do business. The 2024 conference was held in denver, co and included approximately 4,800 attendees. The november event is a smaller, invite-only conference. It includes three days of customized programming, meaningful connections, and a live presentation of the wbencpitch competition final round. In 2024, the november…

$3.8M expenses · 24.5% of program spending · grants $2.8M · revenue $78,287

Certification: the foundation of wbenc's mission is to provide women-owned business certification services to women's business enterprises (wbes). Certification audits vet whether wbes meet the standards of being at least 51% owned, operated, and controlled by a woman or women. In addition to the performance of certification services, wbenc provides educational and networking opportunities to certified wbes

$1.5M expenses · 9.5% of program spending · grants $122K

Engagement outreach: encompasses wbenc's targeted outreach programs that aim to engage specific populations of entrepreneurs. The programs included here are women of color, collegiate accelerator, and futuregen

$4.0M all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO
Director/trustee, officer, 40.00 hrs/week
$486,205$0$37,679$523,884
CHIEF OPERATING OFFICER
Officer, 40.00 hrs/week
$309,175$0$65,469$374,644
SR VP, STRAT FIN SVCS & WBE ENG
Key employee, 40.00 hrs/week
$290,000$0$48,607$338,607
VP, MEMBER ENGAGEMENT
Key employee, 40.00 hrs/week
$195,000$0$37,819$232,819
SR VP, STRATEGIC INITIATIVES
Highest compensated employee, 40.00 hrs/week
$189,400$0$15,680$205,080
VP, BUSINESS DEV & ENGAGEMENT
Highest compensated employee, 40.00 hrs/week
$168,200$0$32,511$200,711
SR VP, CERTIFICATION
Highest compensated employee, 40.00 hrs/week
$170,000$0$23,000$193,000
VP, STRATEGIC PROGRAMS
Highest compensated employee, 40.00 hrs/week
$157,000$0$34,466$191,466

21 people received more than $100,000 in reportable compensation from Women's Business Enterprise National Council (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$17M$18M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$17M$18M86.3%$7.6M$523,884
2023 ⓘ$16M$16M86.3%$8.7M$528,250
2022 ⓘ$15M$13M84.7%$8.8M$517,740
2021 ⓘ$10M$7.6M84.6%$7.1M$486,815
2020 ⓘ$8.1M$7.9M90.7%$4.4M$449,510
2019 ⓘ$12M$12M91.3%$4.1M$494,170

Governance answers, as filed

2024 · 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–1b68 · 67 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 2Yes
  • 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 549
  • Volunteers Part I, line 667

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
HARGROVE LLC
Event management
$857,488
451 MANAGEMENT GROUP LLC
Event management
$291,857

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

3 private foundations reported grants to Women's Business Enterprise National Council totaling $15,546 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 Enterprise National Council'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 Enterprise National Council, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All civil rights, social action & advocacy charities · Largest charities in District of Columbia

Questions people ask

How much of Women's Business Enterprise National Council's spending goes to programs?

In calendar year 2024, Women's Business Enterprise National Council reported that 86.3% of its $18.0 million in expenses went to program services, 12.9% to management and general and 0.8% to fundraising (Form 990, Part IX).

How much does Women's Business Enterprise National Council pay its top executive?

The largest total compensation Women's Business Enterprise National Council reported for one person in calendar year 2024 was $523,884, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Women's Business Enterprise National Council get its money?

Of $16.9 million in revenue in calendar year 2024, 15.3% came from contributions and grants and 84.7% from program service revenue (Form 990, Part VIII).

Is Women's Business Enterprise National Council a registered charity?

The IRS lists EIN 52-2023392 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

  • 2024: Form 990 for calendar year 2024, object 202522239349302612 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202423199349303732 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333189349301728 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233189349315773 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202113159349303036 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202033219349309793 · read the filing

All filings for EIN 52-2023392: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.