Wbec Metro Ny and Greater Dmv Inc

What it reported doing in 2024

The organization ("wbec ny dmv") holds educational seminars & workshops for women- owned businesses in the private sector to promote the development of equal opportunities and new markets. Each year, wbec ny dmv holds weekly and monthly educational seminars & workshops in the dmv region serving approximately 3,500 attendees. Wbec ny dmv also held weekly and monthly seminars/workshops in the New York region serving approximately 4,000 attendees. The organization continued to offer the sage advice program, serving 25 women in start-up and young business phases who need to learn skills around budgeting, insurance, sales and marketing, and business planning. The organization continued the amplify mastermind program for black owned busineses who need to learn skills around budgeting, insurance, sales and marketing and business planning, through a cultural lense. The amplify program was expanded to amplify latina for latina business owners. The organization also offered a program introducing business owners to the language of sustainability and how to document and communicate their efforts around sustainability to their business stakeholders. The organization also offered a virtual matchmaking program for business owners to meet one-on-one with corproate buyers. Also offered is a one page business plan program where business owners created a one page actionable plan for their businesses that they could share throughout their companies. The organization also offered a cybersecurity intensive program to help business owners enhance their cybersecurity awareness of potential risks to their businesses, help develop good cyber hygiene business practices, complete a cybersecurity assessment of their business.

Financial Efficiency

• Mission deployment rate: 87%; rating input score 87
• Program expense ratio: 83.7%; rating input score 84
• Fundraising efficiency: $6.03 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 92.6%; rating input score 93; 23rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -2.8%; rating input score 25; 25th percentile among comparable filings
• Total-asset coverage ratio: 0.86; rating input score 32; 32nd percentile among comparable filings
• Liabilities to assets ratio: 0.19; rating input score 46; 46th percentile among comparable filings
• Officer compensation ratio: 13.5%; rating input score 21; 21st percentile among comparable filings

Growth

• Program expense growth: 9.4% per year; rating input score 100; 62nd percentile among comparable filings
• Revenue growth: 6.8% per year; rating input score 100; 53rd percentile among comparable filings
• Asset growth: 9.6% per year; rating input score 100; 57th percentile among comparable filings