North Carolina Women Business Owners Hall of Fame Inc

Nonprofit profile at a glance

EIN
861976601
IRS 990 coverage
2025–2025
Forms available
Form 990 2025, Form 990-N 2024
Location
Cary, NC, USA
Phone
9198120284
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Women's Rights

Reported finances

Revenue
$65,146
Expenses
$44,303
Assets
$25,417
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • WENDY COULTER (PRESIDENT)

People named in this filing

  • WENDY COULTER (PRESIDENT)
  • SARAH GLOVA (VICE PRESIDE)
  • JOHNNY BASS (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The North Carolina women business owners hall of fame honors North Carolina's most successful female entrepreneurs and advocates who have made significant and enduring contributions to impact women's entrepreneurial development in North Carolina.

What it reported doing in 2025

During the 2025 tax year, the nc women business owners hall of fame achieved historic milestones in executing its core exempt mission: celebrating, connecting, and empowering women entrepreneurs across North Carolina. Operating from a position of unprecedented financial stability- having concluded the fiscal period with over 20,000 in cash reserves-the organization successfully scaled its programmatic footprint, strategic community partnerships, and public outreach infrastructure. The primary programmatic achievement of the fiscal year was the annual induction gala hosted at the umstead. This premier event brought together over 200 business leaders, community advocates, and stakeholders to honor the contributions of exceptional women entrepreneurs to the state's economy. The gala served as a vital platform for public education, leadership recognition, and ecosystem-building. To extend the geographic and demographic reach of its exempt purpose beyond the annual gala, the organization established major operational collaborations with prominent corporate, legal, and community institutions. Strategic partnerships were forged and executed with bank of america, the women's business center (wbcnc), the cary chamber of commerce, and liles law. These collaborations resulted in a series of regional, small-scale seminars, workshops, and networking events across the state, drastically increasing the accessibility of resources for women business owners in various municipal sectors. Furthermore, the organization deepened its programmatic integration with vital regional chapters, including nawbo charlotte and nawbo greater raleigh, establishing a robust, unified network for educational and professional mentorship. Through heightened public trust and expanded outreach strategies, the organization achieved a record-breaking fundraising milestone in 2025, raising over 50,000 in gross contributions. These funds directly enabled the deployment of new public-benefit platforms and ensured the long-term sustainability of programmatic operations.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. 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: 67
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 57
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.9%; rating input score 64
  • Program expense ratio: 94%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 32%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 0.57; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 63.9% of revenue deployed · 94% of spending went to programs
  • Governance: 10 of 10 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $42K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • 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.

Key Signals

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

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.