2013-10-28T13:12:57-05:00 2012-12-31 043296226 DICICCO GULMAN & COMPANY LLP 150 PRESIDENTIAL WAY SUITE 510 WOBURN MA 01801 990 2012-01-01 043256236 CENTER FOR WOMEN & ENTERPRISE INC CENT 6175360700 24 SCHOOL STREET 7TH FLOOR NO 700 BOSTON MA 02108 SUSAN RITTSCHER 6175360700 2013-10-16 1 DONALD J TROY CPA PC P00322664 7819375300 2012 2016-02-25 16:41:14Z SUSAN RITTSCHER 24 SCHOOL STREET BOSTON MA 02108 2191037 0 X WWW.CWEONLINE.ORG X 1995 MA EDUCATION, TRAINING, CONSULTING, TECHNICAL ASSISTANCE AND CERTIFICATION FOR ENTREPRENEURS. 23 22 18 125 0 0 1176414 1593909 224693 263136 0 225 185858 188460 1586965 2045730 0 0 0 0 941660 1082658 0 0 332981 625029 741703 1566689 1824361 20276 221369 332632 663854 309723 419576 22909 244278 X THE CENTER FOR WOMEN & ENTERPRISE EMPOWERS WOMEN TO BE ECONOMICALLY SELF-SUFFICIENT AND TO PROSPER THROUGH BUSINESS AND ENTREPRENEURSHIP. 0 0 1100155 607318 EDUCATION, TRAINING, CONSULTING AND TECHNICAL ASSISTANCECWE IS ONE OF THE LARGEST AND MOST SUCCESSFUL WOMEN'S BUSINESS CENTERS IN THE COUNTRY PROVIDING A WIDE RANGE OF TECHNICAL ASSISTANCE, TRAINING AND SUPPORT TO HELP ENTREPRENEURS START AND GROW THEIR BUSINESS. WHILE WE DO NOT DISCRIMINATE, OUR FOCUS IS ON HELPING LOW-TO-MODERATE INCOME WOMEN ACHIEVE FINANCIAL STABILITY FOR THEMSELVES AND THEIR FAMILIES. WE PROVIDE SCHOLARSHIPS TO ENSURE THAT EVERYONE, REGARDLESS OF SOCIO-ECONOMIC BACKGROUND, HAS ACCESS TO OUR RESOURCES. FINANCIAL LITERACY CONCEPTS ARE BUILT INTO ALL OF OUR COURSES TO HELP CLIENTS IMPROVE THEIR PERSONAL AND BUSINESS FINANCES, INCLUDING INCREASING INCOME AND SAVINGS AND DECREASING DEBT. OUR CURRICULUM INCLUDES OUR NATIONALLY-RECOGNIZED COMMUNITY ENTREPRENEURS PROGRAM, DESIGNED SPECIFICALLY TO ADDRESS THE CHALLENGES OF LOW-INCOME WOMEN STARTING A SMALL BUSINESS. OTHER EDUCATIONAL OFFERINGS INCLUDE TOPICAL WORKSHOPS, MULTI-WEEK BUSINESS PLANNING CLASSES, AND ONE-ON-ONE CONSULTING APPOINTMENTS HELD AT OUR OFFICES IN BOSTON AND WORCESTER, MA AND PROVIDENCE, RI. WITH KEY PARTNER ORGANIZATIONS WE ALSO HOST A NUMBER OF OUTREACH PROGRAMS IN THE COMMUNITIES WE SERVE, INCLUDING WORKING WITH BUSINESS OWNERS IN INNER-CITY NEIGHBORHOODS, SPANISH-LANGUAGE CLIENTS AND SURVIVORS OF DOMESTIC VIOLENCE. IN ADDITION TO OUR ENTREPRENEURSHIP PROGRAMS WE OFFER IN TRANSITION, A SERIES OF WORKSHOPS DESIGNED TO HELP UNEMPLOYED AND UNDEREMPLOYED WOMEN DEVELOP JOB SEARCH SKILLS INCLUDING RESUME WRITING, INTERVIEWING, AND DELIVERING PRESENTATIONS. 164383 314269 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. 1264538 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 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 16 0 1 18 1 0 0 0 0 0 1 1 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA RI X X SUSAN RITTSCHER PRESIDENTCEO 6175360700 24 SCHOOL STREET 7TH FLOOR SUITE 7 BOSTON MA 02108 CHRIS SHEEHAN 5.00 X X 0 0 0 CONSTANCE S WRIGHT 3.00 X 0 0 0 ELIZABETH F AMES 3.00 X 0 0 0 ELLEN G HOFFMAN 3.00 X 0 0 0 JOEL ADLER 3.00 X 0 0 0 JOHN J DOYLE 3.00 X 0 0 0 JULI SINNETT 3.00 X 0 0 0 KAREN F COPENHAVER 3.00 X 0 0 0 SANDY RIVO METRAUX 3.00 X 0 0 0 SUSAN RITTSCHER 40.00 X X 181624 0 12390 VICTORIA SASSINE 3.00 X 0 0 0 JANET DUNLAP 3.00 X 0 0 0 MARIA ABERNETHY 3.00 X 0 0 0 SUSAN KELLER 3.00 X 0 0 0 PAMELA F LENEHAN 3.00 X 0 0 0 MELA LEW 3.00 X 0 0 0 SANDY LISH 3.00 X 0 0 0 JIM MATHESON 3.00 X 0 0 0 TIMOTHY MOULD 3.00 X 0 0 0 KATHRYN MURTAUGH 3.00 X 0 0 0 SUSAN LOCONTO PENTA 3.00 X 0 0 0 SUSAN HUNT STEVENS 3.00 X 0 0 0 JAMES STURGIS 3.00 X 0 0 0 181624 0 12390 1 0 1 0 0 107516 540129 946264 107516 1593909 TUITION, LESS SUBSIDIE 541900 263136 263136 263136 225 225 333767 107516 145307 188460 188460 2045730 263361 0 188460 181264 90632 45316 45316 718594 574746 48212 95636 97459 62544 18835 16080 85341 61135 11924 12282 15582 9349 6233 66728 54508 12220 57612 46663 10240 709 219479 184249 20219 15011 42458 27050 14867 541 11354 6811 4543 21303 7440 13863 7589 6016 1573 FUNDRAISING EXPENSES 145307 145307 INSTRUCTORS FEES/STIPEN 41227 41227 EQUIPMENT RENTAL & MAIN 19300 18541 759 MARKETING & PUBLIC RELA 9060 4039 4924 97 84704 69588 13114 2002 1824361 1264538 226842 332981 127740 107259 80950 396166 56114 26098 19793 12035 217455 118736 24458 98719 23577 23577 332632 663854 83208 103137 15325 12000 211190 304439 309723 419576 X -112091 -123388 135000 367666 22909 244278 332632 663854 221369 0 X X 0 1 X 1 0 X 1576887 1456132 1427259 1302455 1711738 7474471 1576887 1456132 1427259 1302455 1711738 7474471 7474471 1595 519 165 225 2504 159023 138873 201096 185858 188460 873310 8350285 0.89510 0.89500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47372 47372 51751 621 5000 47372 217455 118736 98719 98719 2253806 208076 208076 2045730 0 2045730 2032437 208076 208076 1824361 0 1824361 SUPPLMENTAL INFORMATION TO PART X, SCHEDULE D 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, 2012. 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 2009. CURRENTLY, THERE ARE NO INCOME TAX AUDITS IN PROCESS. ANNUAL GALA AND AUCTION 425345 107516 317829 36062 88701 CAPITAL ARTS AUCTION 15938 15938 7279 1 13265 441283 107516 333767 36062 109245 145307 188460 X X X 0 0 0 0 0 0 0 0 0 SUSAN RITTSCHER 181624 0 0 0 0 0 0 0 12390 0 194014 0 0 0 X AUCTION ITEMS 128 107516 COST OR SELLING PRICE 0 0 0 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 CONTROLLER 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. 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.