Women'S Enterprise Development Center Inc

“The organization amended its by-laws during 2017, generally updating them and conforming them to the new york nonprofit revitalization act. Significant amendments include (i) clarification that while the board of directors chooses all officers, including a chief executive officer (ceo), it is no longer assumed that the ceo will normally be the president; (ii) authority of the ceo to suspend officers is limited to officers who are not members of the board of directors, and for officers who are members of the board of directors, suspension authority is reserved exclusively to the board of directors; (iii) classification of the membership of the board of directors is instituted, with directors generally elected for staggered three year terms; and (iv) authority is added for the members to elect an alternate for one or more of the directors.”

“The organization has its form 990 prepared by its independent auditors with management assistance and under supervision of the audit committee. Before filing, the organization distributes a complete copy of the form 990 to the board of directors for review.”

“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) consider 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 2017.”

“Key wedc documents (beyond documents available on guidestar) are available on request upon payment of copying charges.”

“Wedc has a normal executive committee, subject to board supervision. It is composed of all wedc officers who are board members, with broad general authority to act where the board may act except as excluded by new york law or specific board resolutions from time to time.”

“Wedc's management and board of directors are aware of nondiscrimination, etc. Requirements in whistleblowing situations and, with the assistance of counsel should such situations arise, intend to comply with the requirements.”

“Wedc's management and board of directors are aware of the rules and regulations concerning document retention and destruction. With the assistance of counsel, 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 child care providers and female veterans. The programs and services are offered in english and spanish. Wedc is the us small business administration's women's business center for the area 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 69,199. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,199. Consulting/bookkeeper fees: program service expenses 11,076. Management and general expenses 15,129. Fundraising expenses 0. Total expenses 26,205.”