WOMENS BUSINESS DEVELOPMENT CENTER Charity Report

Public IRS 990 nonprofit record

WOMENS BUSINESS DEVELOPMENT CENTER

EIN 36-3488628 · Chambers of Commerce & Business Leagues (S41)

What they do

THE MISSION of THE WOMENS BUSINESS DEVELOPMENT CENTER (WBDC) is to SUPPORT and ACCELERATE BUSINESS DEVELOPMENT and GROWTH, SERVING ALL BUSINESS OWNERS to STRENGTHEN THEIR PARTICIPATION IN, and IMPACT ON, THE ECONOMY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

87.7%of expenses went to mission work93.80% of revenue

2.2%of expenses went to fundraising2.30% of revenue

$106.97spent for every $100 of revenueSpending was higher than revenue this year.

10.2%of expenses went to management and office costs10.90% of revenue

$0.55in assets for every $1 spent this yearSome assets cannot be spent right away.

86.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,061,246 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $320,669 for EMILIA DIMENCO (PRESIDENT & CHIEF EXEC (OUTGOING)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100spent

Where each $100 of expenses went

The first percentage is the spending mix. The second compares that amount with the charity’s revenue.

Mission workProgram services87.7% of expenses93.80% of revenue

ManagementOffice and general costs10.2% of expenses10.90% of revenue

FundraisingAsking for donations2.2% of expenses2.30% of revenue

Total expenses107.00% of revenue

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202487.7% mission

202397.5% mission

202293.7% mission

202189.1% mission

202098.3% mission

201987.3% mission

201888.5% mission

201790.8% mission

Money in and money out

Revenue$15,218,918

Expenses$16,280,164

Annual shortfall $1,061,246 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$14,269,703 · 87.7% of expenses

Management and office costs$1,654,504 · 10.2% of expenses

Fundraising$355,957 · 2.2% of expenses

See all reported dollar amounts

Revenue$15,218,918

Expenses$16,280,164

Assets$8,948,495

Income$15,218,918

Contributions$13,107,298

Mission work (program services)$14,269,703

Fundraising$355,957

Grants given$88,696,652

Average grant$16,422

Management and general$1,654,504

Accounting fees$254,000

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

EMILIA DIMENCOPRESIDENT & CHIEF EXEC (OUTGOING) · 40 hrs/week $320,669Base $313,684 · Other $6,985

ROXANNE WARDVICE PRESIDENT · 40 hrs/week $149,493Base $136,466 · Other $13,027

GEORGIA MARSHCHIEF DEVELOPMENT OFFICER · 40 hrs/week $131,374Base $125,577 · Other $5,797

CLARK MCCAINMANAGING DIR STRATEGIC PARTNERSHIPS · 40 hrs/week $127,293Base $109,109 · Other $18,184

BLANCA BERTHIERMANAGING DIR ENT BUS PROG AND SVCS · 40 hrs/week $125,725Base $110,062 · Other $15,663

MAURA MITCHELLMANAGING DIR ENT BUS PROG AND SVCS · 40 hrs/week $123,688Base $105,839 · Other $17,849

HEDY M RATNERCO-FOUNDER & CO-PRESIDENT · 10 hrs/week $25,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

EMILIA DIMENCOPRESIDENT & CHIEF EXEC (OUTGOING)

ROXANNE WARDVICE PRESIDENT

GEORGIA MARSHCHIEF DEVELOPMENT OFFICER

CLARK MCCAINMANAGING DIR STRATEGIC PARTNERSHIPS

BLANCA BERTHIERMANAGING DIR ENT BUS PROG AND SVCS

MAURA MITCHELLMANAGING DIR ENT BUS PROG AND SVCS

HEDY M RATNERCO-FOUNDER & CO-PRESIDENT

JENNIFER ROUZANDIRECTOR

SANDRA RANDCHAIR

S CAROL DOUGALCO-FOUNDER & CO-PRESIDENT

RONA FOURTEAUDIT COMMITTEE VICE CHAIR

RISA R DAVISTREASURER

PATTY GREENEDIRECTOR

MICHELLE KANTORDIRECTOR

MICHELLE BLAISE2ND VICE CHAIR

MARY HOUPTASSISTANT TREASURER

LINDA CHAPLIK HARRISDIRECTOR

LINDA BOASMONDDIRECTOR

LAUREL G BELLOWSGOVERNANCE AND NOM COMM CHAIR

ALISON CHUNGSECRETARY

EVA BROWN1ST VICE CHAIR

ERICA KUHLMANNPRESIDENT & CHIEF EXEC

DEBRA JENNINGS-JOHNSONEX-OFFICIO

CASSANDRA SANFORDASSISTANT SECRETARY

BETH KIEFFER LEONARD CPAAUDIT COMMITTEE CHAIR

ARABEL ALVA ROSALESDIRECTOR

AMY YUHNFUNDRAISING COMM CHAIR

About this charity

Recognized since: January 1987
Location: 8 S MICHIGAN AVENUE 400, CHICAGO, IL 60603
County: Cook
In care of: ERICA KUHLMANN
Primary officer: ERICA KUHLMANN, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Phone(312) 853-3477

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CITRIN COOPERMAN ADVISORS LLC
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues
Grant-giving organization: Yes