2025-06-19T19:14:37Z 2023-12-31 990 2023-01-01 923597018 INSTITUTE FOR WOMEN ENTREPRENEUR EXCELLENCE INC INST 4107409442 10960 GRANTCHESTER WY SUITE 120 COLUMBIA MD 21044 Linda Singh Director 4107409442 2025-06-19 2023 2025-03-06 01:10:19Z X X Dr Linda Singh 14021 Mount Oak Ct Bowie MD 20721 433000 false X https://oiwee.org/ X 2023 MD The Institute for Women Entrepreneur Excellence (IWEE) is organized exclusively for charitable and educational purposes. Our mission is to eliminate barriers for disadvantaged and diverse entrepreneursparticularly Black women entrepreneursby providing access to education, training, and skill-building opportunities that enable them to grow into high-performing C-suite leaders. IWEE delivers expertise and resources through structured programming that includes educational materials, lectures, interactive workshops, self-assessments, reading assignments, and facilitated discussions. These activities are designed to enhance participants communication, leadership, and business acumen. In addition, IWEE fosters a strong network of diverse entrepreneurs to promote professional collaboration, mentorship, and support. Through these efforts, IWEE contributes to strengthening Marylands entrepreneurial ecosystem by helping disadvantaged businesses scale and succeed. 4 0 0 0 0 0 433000 0 0 0 0 0 0 0 433000 0 0 0 0 0 0 0 0 0 0 103319 0 103319 0 329681 0 329666 0 0 0 329666 The Institute for Women Entrepreneur Excellence (IWEE) is organized exclusively for charitable and educational purposes. Our mission is to eliminate barriers for disadvantaged and diverse entrepreneursparticularly Black women entrepreneursby providing access to education, training, and skill-building opportunities that enable them to grow into high-performing C-suite leaders. IWEE delivers expertise and resources through structured programming that includes educational materials, lectures, interactive workshops, self-assessments, reading assignments, and facilitated discussions. These activities are designed to enhance participants communication, leadership, and business acumen. In addition, IWEE fosters a strong network of diverse entrepreneurs to promote professional collaboration, mentorship, and support. Through these efforts, IWEE contributes to strengthening Marylands entrepreneurial ecosystem by helping disadvantaged businesses scale and succeed. false false 103334 433000 0 In 2023, the Institute for Women Entrepreneur Excellence (IWEE) launched and operationalized its core programming to support diverse and disadvantaged entrepreneurs, with a particular focus on Black women entrepreneurs. The organization developed and implemented the Leading Women Program, a structured learning and leadership development initiative designed to equip participants with the communication, business, and executive skills needed to excel in high-growth environments. During the year, IWEE successfully conducted three program cohorts, engaging over [insert number] entrepreneurs in comprehensive training sessions, including lectures, workshops, self-evaluations, and peer discussions. These cohorts focused on enhancing entrepreneurial capabilities, strategic leadership, and organizational resilience. Additionally, 2023 marked the formal establishment of the Institute. Key organizational infrastructure was put in place, including the formation of the Board of Directors, development of governing policies, administrative systems, and the creation of foundational operational procedures. These efforts laid the groundwork for IWEEs long-term impact in Marylands entrepreneurial ecosystem. 103334 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false X 4 0 false true false false true true false true false false false true true true false false false false false MD X TEDCO 4107409442 10960 Grantchester Wy Suite 120 Columbia MD 20144 Dr Linda Singh Executive Director 30.00 0.00 X 0 0 0 Pamela Allison Board Co-Chair 1.00 0.00 X 0 0 0 Gail Bassette Board Co-Chair 0.50 0.00 0 0 0 Erica Anthony Secretary 1.00 0.00 X 0 0 0 Pamela Wilks Board Member 0.50 0.00 X 0 0 0 0 0 0 0 false false false Kaleidoscope Affect LLC 14502 Greenview Dr Suite 446 Laurel MD 20708 Program development and executive management services 100000 1 0 0 0 0 0 433000 0 433000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 433000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100000 100000 3319 3319 103319 3319 100000 0 0 329666 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 329666 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 329666 0 0 0 0 0 0 0 0 0 329666 0 329666 329681 X X false false X 0 0 0 0 0 433000 433000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 433000 433000 433000 433000 X 1.00000 0.00000 Part II, Line 10 Not applicable. IWEE is in its first year of operations and has not yet established a five-year support history. The public support test calculation will be tracked and updated annually. Part II, Line 17a The organization is a new public charity and is filing Form 990 for its first year of operations (2023). It does not yet meet the requirements to complete a five-year public support test and is not required to pass the public support test until it has completed five tax years. IWEE intends to qualify under the public support test of Section 170(b)(1)(A)(vi) and has received substantially all of its support from public sources in its first year. Part II, Line 17b Not applicable. The organization is relying on Section 170(b)(1)(A)(vi) and does not need to meet the public support test under Section 509(a)(2). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Kaleidoscope Affect LLC Owned by Executive Director contractor (Linda Singh) 100000 Contracted services for executive leadership, program development, and management false Part IV Business Transactions with Interested Persons The organization contracted Kaleidoscope Affect LLC, a company owned by Linda Singh, who serves as the Executive Director in a contractor capacity. Kaleidoscope was paid to develop and deliver the Leading Womens Program and to provide executive and operational management services during the year. While Linda Singh serves in a key leadership role, she is not an employee of the organization. The organization does not share revenue with Kaleidoscope Affect LLC. Part VI, Line 11b The Institute for Women Entrepreneur Excellence (IWEE) has established procedures to ensure board oversight of its Form 990 filing. While the Executive Director leads the preparation of the Form 990 in coordination with financial and legal advisors, the final version of the Form 990 will be provided to each voting member of the Board of Directors prior to submission to the Internal Revenue Service. This review process allows board members to examine the contents of the return, ask questions, and provide feedback as appropriate. IWEE is committed to maintaining transparency and accountability in its financial and operational reporting. Part VI, Line 12c The Institute for Women Entrepreneur Excellence (IWEE) has a written Conflict of Interest Policy that applies to all members of the Board of Directors, officers, and key individuals involved in decision-making. Under this policy, individuals are required to disclose any actual, potential, or perceived conflicts of interest to the Board as they arise. While IWEE has not yet instituted a formal process for collecting annual written disclosure forms, all board members are regularly reminded of their obligation to proactively notify the Board of any conflicts. When a potential conflict is disclosed, the disinterested members of the Board evaluate the situation to determine whether a conflict exists and what action is appropriate. If a conflict is confirmed, the involved individual is not permitted to participate in discussions or decisions related to the matter. The Board documents these disclosures and the steps taken to manage the conflict in meeting minutes. IWEE intends to implement a more formal annual disclosure process as the organization matures. Part VI, Line 19 The Institute for Women Entrepreneur Excellence (IWEE) is in the early stages of organizational development. At this time, the organization has no employees. Executive leadership and day-to-day management are provided by an independent contractor under a professional services agreement. The Board of Directors provides governance and oversight but receives no compensation for their service. As the organization grows, IWEE is actively developing and formalizing its internal policies and procedures, including those related to document retention, director compensation (which is not planned), and other governance practices to ensure transparency, accountability, and compliance with nonprofit best practices. Part VI, Line 3 During the 2023 tax year, the Institute for Women Entrepreneur Excellence (IWEE) engaged Kaleidoscope Affect, LLC to provide executive-level management services under a professional services contract. Kaleidoscope Affect, LLC was responsible for duties customarily performed by an executive director or chief executive officer, including strategic planning, program development and delivery, financial oversight, board coordination, and establishment of organizational infrastructure. Dr. Linda Singh, listed in Part VII, Section A of Form 990, is the owner and principal of Kaleidoscope Affect, LLC and performed these services in her capacity as a representative of the firm. The organization did not directly compensate Dr. Singh. All payments were made to Kaleidoscope Affect, LLC as payment for contracted services, not as reportable compensation to an individual. For the calendar year ending December 31, 2023, IWEE paid Kaleidoscope Affect, LLC $[insert amount] for services rendered. No officers, directors, trustees, key employees, or highest compensated individuals received direct compensation from IWEE during the year. Part VI, Line 6 The Institute for Women Entrepreneur Excellence (IWEE) is a nonprofit, non-stock corporation. While it does not have members in the traditional sense of a dues-paying membership organization, it does have specific entities designated in its bylaws with governance rights. These entities include Bowie State University, Coppin State University, Morgan State University, University of Maryland Eastern Shore (collectively, the HBCUs), and the Maryland Technology Development Corporation (TEDCO). These entities have the authority to appoint certain directors to the board, which qualifies them as "members" under the IRS definition for Form 990 purposes. These members do not receive income or asset distributions from the organization. Part VI, Line 7a According to IWEEs bylaws, specific organizations have the authority to appoint members of the governing body. Each of the four HBCUs (Bowie State University, Coppin State University, Morgan State University, and University of Maryland Eastern Shore) appoints one director. Additionally, TEDCO appoints one of its own board members, its Chief Executive Officer, and three independent directors. The HBCUs also jointly appoint three independent directors. These appointment rights were established by design at the time of the organizations formation and are explicitly defined in Section 4.03 of the bylaws. Part XII, Line 1 During the tax year, the Institute for Women Entrepreneur Excellence (IWEE) did not engage a certified public accountant (CPA) to review or audit its financial statements. As a newly established organization, IWEE has focused on building internal financial tracking processes. The organization plans to engage an independent CPA firm to conduct a formal review and audit beginning in its third year of operations, as part of its commitment to transparency and financial accountability. Part XII, Line 2c During the tax year, the Institute for Women Entrepreneur Excellence (IWEE) did not engage a certified public accountant (CPA) to review or audit its financial statements. As a newly established organization, IWEE has focused on building internal financial tracking processes. The organization plans to engage an independent CPA firm to conduct a formal review and audit beginning in its third year of operations, as part of its commitment to transparency and financial accountability. The Institute was incorporated in the State of Maryland and received its state tax-exempt designation in 2023. We operated in good faith under the assumption that our application for IRS tax exemption (Form 1023) was pending and that no federal filing was immediately required until our determination letter was issued. We received our federal tax-exempt determination from the IRS in 2024. During this transition period, we were focused on fulfilling grant-related responsibilities and establishing our organizational infrastructure. As a volunteer-led organization with limited administrative capacity, we did not fully understand the required timelines for filing IRS Form 990 once the organization began receiving funds under fiscal sponsorship and subsequently transitioned to its own EIN. Upon realizing our oversight, we immediately compiled our financial records, engaged support to prepare proper financial statements, and are now submitting our 990 along with this reasonable cause explanation. We respectfully request abatement of any penalties due to our late filing, as the failure was not due to willful neglect, but rather to a good-faith misunderstanding during our first year of operations. The organization has since implemented new compliance procedures to ensure timely filings in all future years.