Association of Women's Business Centers

Nonprofit profile at a glance

EIN
371771308
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-EZ 2014
Location
Washington, DC, USA
Phone
2024304756
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$2,164,446
Expenses
$1,953,397
Assets
$1,170,366
Liabilities
$137,453

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • CORINNE GOBLE (CEO)

Highest reported compensation

  • CORINNE GOBLE (CEO): $212,053 total reported compensation
  • JESSICA YANKEE (VP OF PROGRAMS): $146,443 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The awbc works to secure economic justice and entrepreneurial opportunities for women by supporting and sustaining a national network of over 100 women's business centers (wbcs).

What it reported doing in 2024

Women's business center capacity building: in recognition that the best way for awbc to support the capacity of the women's business centers is by finding and deploying funding to them, in 2024, awbc dispersed subgrants to women's business centers in efforts to build capacity and cultivate sustainability for its members across the nation. Funding for this program came from verizon small business digital ready round 4, ca ssbci, verizon skill forward and a verizon small business digital ready extension. Verizon small business digital ready (vsbdr): connecting entrepreneurs & small business owners to the resources and community available on the verizon small business digital ready platform.verizon skill forward: connecting entrepreneurs and small business owners with the resources and community available on the verizon skill forward platform. Verizon skill forward equips you with the skills needed to grow in your field or forge a new career path through job-relevant programs. With free access to edx's self-paced, expert-led online courses, you can develop in-demand skills tailored to today's job market - preparing you for new opportunities. Tiktok's supporting our artisans and retailers accelerator program: women small business owners participated in a business accelerator program dedicated to empowering entrepreneurs and enhancing the growth of their tiktok shops. Our carefully selected participants joined weekly coaching sessions and community calls, where they've gained valuable insights into tiktok shop, honed their business skills, and built confidence as small business owners.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 85
  • Accountability: 86
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.3%; rating input score 72
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: $23.31 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 87.1%; rating input score 87; 24th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 9.8%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 18.4%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 18.9% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 21.7% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 23.4% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 72.3% of revenue deployed · 80% of spending went to programs
  • Governance: 18 of 18 board members independent · 6 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.6M in reported program spending
  • Leadership: top reported pay $212K · 21 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $274K reported
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 20 filed money-flow records
  • Related organizations: 17 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.