Community Improvement, Capacity Building
Workshop in Business Opportunities, Inc.
- New York, NY
- www.wibo.org
- Workshop in Business Opportunities, Inc.
- Summary
- Programs + Results
- Financials
- Operations
- BACK TO TOP
Mission Statement
WIBO's mission is to enable small business owners and budding entrepreneurs in under-served communities obtain financial success by starting, operating, and building successful businesses that develop economic power, provide jobs and improve communities.
Main Programs
-
Program 1
-
16-week workshop /continuing business education
-
Business training for prisoners
-
Connect with Success Business seminars/Online directory
-
Business Advisory/Networking/Outreach
Service Areas
Self-reported
New York
WIBO serves underserved entrepreneurs in the Tri-State area of New York, New Jersey and Connecticut
ruling year
1968
Principal Officer since 2001
Self-reported
Ms Amini Kajunju
Keywords
Self-reported
african-american, minorities, small business, entrepreneur, business, capitalism, asset building
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Also Known As
WIBO
EIN
13-2635819
8399061682
Contact
See more addresses
Business and Industry (S40)
Management & Technical Assistance (J02)
Management & Technical Assistance (B02)
IRS Filing Requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Programs + Results
How does this organization make a difference?
Overview
Self-reported by organization
Impact: In 44 years, WIBO has developed over 15,000 entrepreneurs resulting in the creation of 31,500 jobs.
Economic Development: Over 54% of WIBO graduates are in business after 5 years, compared to the national average of 20%. Fifty percent of WIBO business owners report their business is their main source of income.
Serving the Underserved: Sixty-five percent of the WIBO entrepreneurs are African-American, 28% are other minorities, and 70% are women. Sixty-four percent of clients have household incomes below $50,000 and 43% have incomes below $30,000. We also offer the workshop to inmates in various correctional facilities. WIBO entrepreneurs are from Harlem, Bedford-Stuyvesant, Washington Heights, Southeast Queens, South Bronx, Long Island City and Yonkers.
Commitment: The commitment that WIBO volunteers demonstrate is unprecedented. Our site volunteers give 156 hours of service per year.
Value: The market value of the workshop is $4000. Participants pay only for the cost of materials, which is $199 with further discounts for individuals with incomes under $50,000. All other services are free.
High satisfaction: Of the 1500 aspiring entrepreneurs WIBO assists each year, 72% come from graduate referrals. Fifty-six percent of the volunteer staff are WIBO graduates.
Volunteerism: WIBO supervises over 150 volunteer business owners and executives who conduct the programs. Thirty-nine percent are African-American and over 50% are top professionals in the field of law, accounting, banking, and consulting.
Continued Support: WIBO offers post-workshop coaching/mentoring, legal and accounting clinics, free monthly business seminars, informational e-blasts, networking events and free online business directory.
Working together to make a difference: WIBO’s staff of four manages 288 workshop sessions, seven business support services and 100 volunteers. The budget for 2010 is $527,500. Funding comes from individuals, foundations, and corporations.
Programs
Self-reported by organization
What are the organization's current programs, how do they measure success, and who do the programs serve?
Program 1
WIBO conducts workshops in fall and spring of each year in seven locations: Midtown (two sessions), Harlem, downtown Brooklyn, central Brooklyn, the South Bronx, Washington Heights, and St. Albans, Queens. At each of these locations we offer two 16-week terms annually, for a total of 256 class sessions, serving approximately 500 participants annually. We also provide follow-up services to graduates after completion of workshop.
Program long term success
Program success monitored by
Program success examples
Category
Population(s) Served
Budget
Program 2
16-week workshop /continuing business education
16-week workshop, "How to Build a Growing Profitable Business"
Program long term success
Program success monitored by
Program success examples
Category
Community, Business & Industry
Population(s) Served
Ethnic/Racial Minorities -- General
Adults
Immigrants/Newcomers/Refugees
Budget
$341,500.00
Program 3
Business training for prisoners
Business training for prisoners
Program long term success
Program success monitored by
Program success examples
Category
Community, Business & Industry
Population(s) Served
Offenders/Ex-offenders
Budget
$42,000.00
Program 4
Connect with Success Business seminars/Online directory
Connect with Success Business Seminars/online directory
Program long term success
Program success monitored by
Program success examples
Category
Community, Business & Industry
Population(s) Served
Adults
Budget
$57,500.00
Program 5
Business Advisory/Networking/Outreach
Business Advisory/Networking/Outreach
Program long term success
Program success monitored by
Program success examples
Category
Community, Business & Industry
Population(s) Served
Ethnic/Racial Minorities -- General
Budget
$31,500.00
Service Areas
Self-reported
New York
WIBO serves underserved entrepreneurs in the Tri-State area of New York, New Jersey and Connecticut
Funding Needs
General operating funds Reserve fund Re-entry program support
External Reviews
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Financials
Financial information is an important part of gauging the short- and long-term health of the organization.
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NEED MORE INFO ON THIS NONPROFIT?
Free: Gain immediate access to the following:- Address, phone, website and contact information
- Forms 990 for 2014, 2013 and 2012
- Board Chair, Board Co-Chair and Board Members
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Operations
The people, governance practices, and partners that make the organization tick.
Workshop in Business Opportunities, Inc.
Leadership
NEED MORE INFO ON THIS NONPROFIT?
Free: Gain immediate access to the following:- Address, phone, website and contact information
- Forms 990 for 2014, 2013 and 2012
- Board Chair, Board Co-Chair and Board Members
- Access to the GuideStar Community
Principal Officer
Ms Amini Kajunju
BIO
As
executive director, Ms. Kajunju has heightened the profile of one of the oldest,
comprehensive, and highly-respected entrepreneurial programs in the nation.
With over 100 business owners as volunteers conducting 288 sessions, Ms.
Kajunju and her team train, educate and inspire 500 enrollees of the workshop
per year. WIBO’s flagship 16-week workshop, “How to Build a Growing Profitable
Business” is currently conducted in nine underserved communities of New York
City. WIBO provides a myriad of other services including business advisory services, legal and accounting clinics, free
business directory, monthly seminars, networking events, and other business
support activities. WIBO now conducts introduction to business workshops in
correctional facilities through New York City. In total, WIBO serves 1500
entrepreneurs a year.
Praised
as a mini-MBA workshop for the working person, Ms. Kajunju has enhanced WIBO’s
flagship workshop by incorporating new knowledge and realities in marketing and
sales, personal finance, and human resources. Under Ms. Kajunju’s leadership, WIBO has seen a 50% increase in
corporate and foundation funding. Some of her accomplishments include forging
new partnerships with community leaders and organizations to maximize WIBO’s
impact and creating a more professional internal infrastructure. Additionally,
WIBO is providing meaningful support to its entrepreneurs at any stage of
business. As a result of Ms. Kajunju’s emphasis on strategic expansion and
solid services management, an increased number of entrepreneurs are using WIBO
to help grow their businesses.
Governance
BOARD CHAIR
Charles Thacher
Private Investor
BOARD LEADERSHIP PRACTICES
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization
RESPONSE NOT PROVIDED
BOARD ORIENTATION & EDUCATION
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
RESPONSE NOT PROVIDED
CEO OVERSIGHT
Has the board conducted a formal, written assessment of the chief executive within the past year?
RESPONSE NOT PROVIDED
ETHICS & TRANSPARENCY
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?
RESPONSE NOT PROVIDED
BOARD COMPOSITION
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
RESPONSE NOT PROVIDED
BOARD PERFORMANCE
Has the board conducted a formal, written self-assessment of its performance within the past three years?
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