2016-08-10T13:28:53-05:00 2015-12-31 043296226 DICICCO GULMAN & COMPANY LLP 150 PRESIDENTIAL WAY SUITE 510 WOBURN MA 01801 990 2015-01-01 043256236 CENTER FOR WOMEN & ENTERPRISE INC CENT 6175360700 24 SCHOOL STREET 7TH FLOOR NO 700 BOSTON MA 02108 SUSAN RITTSCHER PRESIDENT/CEO 6175360700 2016-07-19 1 DONALD J TROY CPA PC P00322664 7819375300 2015 2016-12-15 16:53:06Z SUSAN RITTSCHER 24 SCHOOL STREET BOSTON MA 02108 2720940 0 X WWW.CWEONLINE.ORG X 1995 MA EDUCATION, TRAINING, CONSULTING, TECHNICAL ASSISTANCE AND CERTIFICATION FOR ENTREPRENEURS. 25 24 27 185 0 0 2125613 2318505 275645 287090 0 0 0 0 2401258 2605595 0 0 0 0 1440342 1471386 0 0 396762 904800 1087851 2345142 2559237 56116 46358 801582 730175 495006 377241 306576 352934 THE CENTER FOR WOMEN & ENTERPRISE EMPOWERS WOMEN TO BE ECONOMICALLY SELF-SUFFICIENT AND TO PROSPER THROUGH BUSINESS AND ENTREPRENEURSHIP. 0 0 1565066 92249 EDUCATION, TRAINING, CONSULTING AND TECHNICAL ASSISTANCEWORKSHOPS, SEMINARS, MULTI WEEK COURSES, ONE-ON-ONE CONSULTING ARE INCLUDED IN THE COMPREHENSIVE PROGRAMS AND SERVICES PROVIDED FOR ENTREPRENEURS AND BUSINESS PEOPLE IN MASSACHUSETTS AND RHODE ISLAND. CLASSES AND WORKSHOPS INCLUDE FINANCIAL LITERACY, BUSINESS PLAN CREATION, FINANCING OPTIONS, VISIONING AND OTHER CURRENT TOPICS DESIGNED TO STRENGTHEN WOMEN OWNED BUSINESSES. CLASSES ARE OPEN TO ALL, WITH FINANCIAL ASSISTANCE AVAILABLE TO THOSE IN NEED. 339045 194841 CERTIFICATION: CWE IS THE REGIONAL PROVIDER OF THE NATIONAL WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL CERTIFICATION FOR WOMEN OWNED BUSINESSES. THE INTENTION OF THE CERTIFICATION IS FOR WOMEN OWNED BUSINESS TO GAIN STRATEGIC ADVANTAGE WITH LARGER CORPORATIONS AND THEIR SUPPLIER DIVERSITY INITIATIVES. 20000 0 MICROLENDING: PILOT PROGRAM WITH SPONSORSHIP FROM THE RHODE ISLAND FOUNDATION TO PROVIDE NO TO LOW INTEREST MICROLOANS TO RHODE ISLAND BUSINESSES. LOAN AMOUNTS ARE UP TO $5000 WITH TERMS UP TO 24 MONTHS. 1924111 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 1 27 1 0 0 0 0 0 1 1 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA RI NH X X X SUSAN RITTSCHER PRESIDENTCEO 6175360700 24 SCHOOL STREET 7TH FLOOR SUITE 7 BOSTON MA 02108 CHRIS SHEEHAN BOARD MEMBER 3.00 X 0 0 0 CONSTANCE S WRIGHT BOARD MEMBER 3.00 X 0 0 0 ELIZABETH F AMES BOARD MEMBER 3.00 X 0 0 0 ELLEN G HOFFMAN BOARD MEMBER 3.00 X 0 0 0 JOEL ADLER TREASURER AND BOARD MEMBER 5.00 X X 0 0 0 JOHN J DOYLE BOARD MEMBER 3.00 X 0 0 0 JULI SINNETT BOARD MEMBER 3.00 X 0 0 0 KAREN F COPENHAVER BOARD MEMBER 3.00 X 0 0 0 SUSAN RITTSCHER PRESIDENT AND CEO 40.00 X X 215206 0 8970 VICTORIA SASSINE BOARD MEMBER 3.00 X 0 0 0 JANET DUNLAP BOARD MEMBER 3.00 X 0 0 0 MARIA ABERNETHY BOARD MEMBER 3.00 X 0 0 0 SUSAN KELLER BOARD MEMBER 3.00 X 0 0 0 PAMELA F LENEHAN BOARD MEMBER 3.00 X 0 0 0 SANDY LISH BOARD MEMBER 3.00 X 0 0 0 TIMOTHY MOULD BOARD MEMBER 3.00 X 0 0 0 SUSAN LOCONTO PENTA BOARD MEMBER AMD BOARD CHA 3.00 X X 0 0 0 AMY ACAMPORA BOARD MEMBER 3.00 X 0 0 0 DONNA LEVIN BOARD MEMBER 3.00 X 0 0 0 JACQUELINE TAYLOR BOARD MEMBER 3.00 X 0 0 0 MARCIA MORRIS BOARD MEMBER 3.00 X 0 0 0 ROSLYN DAUM BOARD MEMBER 3.00 X 0 0 0 DEB THOMAS BOARD MEMBER 3.00 X 0 0 0 LISA WOOD BOARD MEMBER 3.00 X 0 0 0 CYNTHIA C SMITH BOARD MEMBER 3.00 X 0 0 0 215206 0 8970 1 0 1 0 0 157679 948895 1211931 37755 2318505 TUITION, LESS SUBSIDIE 541900 287090 287090 287090 115345 157679 115345 0 2605595 287090 0 0 224176 112087 56045 56044 1057549 885284 16716 155549 84588 67082 4542 12964 105073 76858 5758 22457 25908 18000 7908 98798 78047 13945 6806 81435 54022 22657 4756 281297 227678 37205 16414 82623 56509 23741 2373 16832 13552 3280 37195 35071 2124 7503 6875 628 INSTRUCTORS FEES/STIPEN 123227 123227 FUNDRAISING EXPENSES 115345 115345 MARKETING & PUBLIC RELA 83236 67508 15185 543 EQUIPMENT RENTAL & MAIN 23829 22927 902 110623 79384 27728 3511 2559237 1924111 238364 396762 141166 146250 380200 323268 155038 53250 27174 17214 52620 327545 231780 84387 95765 23577 31848 801582 730175 113943 68930 25869 122000 355194 165924 0 20387 495006 377241 X -280824 -148733 587400 501667 306576 352934 801582 730175 46358 0 X X 0 1 X 1 0 X 1302455 1711738 1749558 2144733 2370326 9278810 1302455 1711738 1749558 2144733 2370326 9278810 312554 8966256 225 225 185858 188460 210889 138140 119924 843271 10122306 0.88580 0.90010 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING REVENUE NET OF DIRECT EXPENSES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10992 579 10413 316553 231201 85352 95765 DEFERRED RENT 20387 20387 X 2754026 148431 148431 2605595 0 2605595 2707668 148431 148431 2559237 0 2559237 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRESCRIBE THE THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE TAX-EXEMPT STATUS OF AN ENTITY IS CONSIDERED A TAX POSITION. AN ADDITIONAL LIABILITY FOR UNCERTAIN TAX POSITIONS (UTPS) IS RECOGNIZED AND RECORDED AS A COMPONENT OF CURRENT INCOME TAX EXPENSE FOR DIFFERENCES BETWEEN FINANCIAL AND INCOME TAX REPORTING POSITIONS WHICH DO NOT MEET THIS THRESHOLD. ANY INTEREST AND PENALTIES RELATED TO UTPS ARE RECORDED AS A COMPONENT OF INCOME TAX EXPENSE. THE ORGANIZATION HAS NOT TAKEN ANY TAX POSITIONS, INCLUDING TAX POSITIONS THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS, WHICH WOULD HAVE A MATERIAL EFFECT, INDIVIDUALLY OR IN THE AGGREGATE, ON ITS FINANCIAL STATEMENTS AND THUS HAS NOT RECORDED A LIABILITY AT DECEMBER 31, 2015. THE ORGANIZATION FILES INCOME TAX RETURNS IN FEDERAL AND STATE JURISDICTIONS. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2012. CURRENTLY, THERE ARE NO INCOME TAX AUDITS IN PROCESS. X X X X X X 0 ANNUAL GALA AND AUCTION 273024 157679 115345 115345 NONE 1 273024 157679 115345 115345 115345 0 X X X 0 0 0 0 0 0 0 0 0 SUSAN RITTSCHER PRESIDENT AND CEO 215206 0 0 0 0 0 0 0 8970 0 224176 0 0 0 X AUCTION ITEMS 72 37755 COST OR SELLING PRIC 0 0 0 PART I, COLUMN (B): 72 REPRESENTS THE NUMBER OF AUCTION ITEMS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF GOVERNANCE IN DRAFT FORM PRIOR TO FILING. THE BOARD CHAIR, BOARD TREASURER, AUDIT COMMITTEE, PRESIDENT AND CEO, AND THE DIRECTOR OF FINANCE AND ADMINISTRATION REVIEWED THE FORM IN DETAIL. A FINAL VERSION OF THE FORM, INCORPORATING THE BOARD'S COMMENTS, IS SIGNED BY THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE ORGANIZATION'S BY-LAWS AND IS CIRCULATED ANNUALLY TO THE BOARD MEMBERS AND THE PRESIDENT AND CEO. CONFLICTS ARE REPORTED TO THE BOARD CHAIRPERSON AND REVIEWED BY THE CHAIRPERSON. NO CONFLICTS HAVE BEEN REPORTED. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT AND CEO IS THE TOP MANAGEMENT OFFICIAL WHOSE COMPENSATION IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE PRESIDENT/CEO'S COMPENSATION IS COMPARED TO APPROPRIATE RANGES OF COMPENSATION FOR THE POSITION IN ORGANIZATIONS OF SIMILAR SIZE AND WITH SIMILAR RESPONSIBILITIES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE ON THE WEBSITE OF THE MASSACHUSETTS ATTORNEY GENERAL, DIVISION OF PUBLIC CHARITIES, AND MAY BE VIEWED OR DOWNLOADED. IT IS AN ATTACHMENT TO THE MASSACHUSETTS FORM PC FILED ANNUALLY. IT IS ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. ALTERNATIVELY, IRS FORM(S) 990 FILED WITHIN A 3-YEAR PERIOD FROM THE DATE OF FILING, ARE AVAILABLE FOR INSPECTION, AS WELL AS THE ORGANIZATION'S EXEMPTION APPLICATION, AT THE MAIN BUSINESS OFFICE OF THE ORGANIZATION AT 24 SCHOOL STREET, BOSTON, MA 02108 DURING REGULAR BUSINESS HOURS. UPON IN-PERSON, WRITTEN OR AN E-MAIL REQUEST, A COPY WILL BE PROVIDED OF THE FORM 990, SUBJECT TO THE PAYMENT OF REASONABLE COPYING AND MAILING CHARGES, IN ACCORDANCE WITH IRS REGULATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE ORGANIZATION'S OFFICES AT 24 SCHOOL STREET, BOSTON, MA 02108 DURING REGULAR BUSINESS HOURS. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE WHICH PERFORMS THIS FUNCTION.