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Weconnect International Inc

Weconnect International Inc

Washington, DC 20005
Tax ID27-1153340

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About this organization

Revenue

$3,861,606

Expenses

$3,606,739

Mission

WeConnect International is a global 501(c)(3) non-profit that facilitates sustainable economic growth by increasing opportunities for women-owned businesses to succeed in the global value chains. It is a global network that connects women-owned businesses to qualified buyers around the world. WeConnect International envisions a world in which women have the same opportunity as their male counterparts to design and implement business solutions that create wealth and ensure the sustainable prosperity of their communities.

About

Education and training in developing countries with the Exxon Mobil Foundation: The Women's Initiative funded by the ExxonMobil Foundation provides supplier development and training for women-owned businesses in developing countries in Asia, Africa, and Latin America. This program focuses on the outreach, education and training required to help ensure that the women owned business owners who participate have the knowledge and the networks they need to start to compete for larger business opportunities.

Interesting data from their 2020 990 filing

The non-profit's mission, as described in the filing, is “Weconnect international is a global 501(c)(3) non-profit that facilitates sustainable economic growth by increasing opportunities for women owned businesses to succeed in the global value chains. weconnect identifies, educates, and certifies women's business enterprises that are at least 51% owned, managed and controlled by one or more women.”.

When describing its duties, they were characterized as: “Weconnect international helps women-owned businesses succeed in global value chains.”.

  • The non-profit has complied with legal regulations by reporting their state of operation as DE.
  • The filing shows that the non-profit's address as of 2020 is 1100 H Street NW 1100, Washington, DC, 20005.
  • As of 2020, the non-profit has reported a total of 19 employees on their form.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Has foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $254,867.
  • The compensation of the CEO of the organization is subject to review and approval by an independent body.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 18 independent voting members.
  • The organization was formed in 2009.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $1,401,284 in salary, compensation, and benefits to its employees.
  • The organization pays $163,990 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization's financial statements were reviewed by an accountant.

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