Women'S Enterprise Development Center In

“Wedc has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the return has been prepared, it is reviewed by the audit committee. After all questions have been addressed and the form 990 is ready to be filed with the internal revenue service, it is electronically circulated to the board prior to filing.”

“Officers, directors and key employees, in addition to annual disclosure, are required to make disclosures as needs arise and to refrain from participation in decision-making (apart from providing information) while the matter is reviewed and any related actions taken. After the initial disclosure, the affected interested person is required to provide additional, standard information and also to make full disclosure of any transaction and related information which may be requested. Disclosures are normally referred initially to the audit committee, which conducts a full review and makes recommendations as to whether any actions involved would be in the best interest of wedc, with or without additional conditions. Wedc's board of directors (which may also, if it wishes, perform all or part of the full review normally done by the audit committee) considers the matter, together with any audit committee recommendation, and makes any decisions indicated by the circumstances.”

“The compensation committee reviews and recommends approval of the salary for the chief executive officer, subject to further review and approval by the board. The compensation committee, reporting to the board, also periodically reviews other staff compensation to determine, based upon compensation levels and other factors, other key employees for whom additional compensation review is deemed appropriate. The committee and board process was most recently completed during february 2025.”

“Wedc makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on the new york state attorney general website and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are available upon written request or by calling wedc directly.”

“Wedc's management and board of directors are aware of the rules and regulations concerning document retention and destruction. Should such situations arise, the organization intends to fully comply with the requirements.”

“The women's enterprise development center inc. (wedc) empowers entrepreneurs to build successful businesses by providing high-quality training programs, advisory services and access to capital to promote the growth of women's entrepreneurship throughout westchester county and the mid-hudson valley. The program is designed to help women start and expand their businesses to achieve economic independence. Wedc achieves its goals by offering a wide array of business development programs and services including its 60-hour entrepreneurial training program, one-on-one business counseling, workshops, small group counseling sessions, webinars, assistance with accessing capital and assistance with m/wbe certification. Wedc also offers mentoring and networking opportunities. In addition, wedc provides business training to special groups such as childcare providers and female veterans. The programs and services are offered in english and spanish. Wedc is the us small business administration's ("sba") women's business center and the empire state development's entrepreneurial assistance program ("eap") center for both westchester county and the mid-hudson valley.”

“The organization relies on the generosity of volunteers to help carryout its mission. Volunteers provide a wide array of services to the organization from serving on event planning committees to presenting workshops on business topics.”

“Contract services (program expenses): program service expenses 133,064. Management and general expenses 0. Fundraising expenses 0. Total expenses 133,064. Professional and consulting fees: program service expenses 294,989. Management and general expenses 16,459. Fundraising expenses 0. Total expenses 311,448.”