Celebrating 15 Years vision, opportunities, and suCCess! WBENC’s 2012 Retrospect and Year-End Highlights

and input to WBENC and the Board of Directors. These women business enterprises give generously of their time on board Certification WBENC’s Strategic Plan – The Roadmap for Growth committees to help further the mission of WBENC. I would like to and Sustainability recognize and thank Tara Abraham, Chairman and Co-CEO, Accel J WBENC-Certified WBEs as of year-end – 11,566 inc., for her leadership as Chair of the Women’s Enterprise Forum. J WOSB Certifications as of year-end – 758 J Five teams developed the strategies and action plans for the Roadmap for Growth and Sustainability – Certification, In 2012 with the help and input from over 100 of our Corporate, Opportunities Resources, Opportunities, Engagement (CORE) and Government, WBE, and RPO constituents, we developed WBENC’s Technology/Infrastructure. Roadmap for Growth and Sustainability and delivered an updated J 2012 Summit and Salute – America’s Top Corporation strategic plan to the Board of Directors. Our strategic plan centers ceremony presented in a new panel format, sharing best J Updated Vision and Mission statements: around our CORE (Certification, Opportunities, Resources, practices and thought leadership. u Vision Engagement) as well as defining the infrastructure (Technology, J 2012 National Conference and Business Fair – Celebrating To be the leader in women’s business development. Process, and Organization) to support WBENC’s future growth. 15 Years of Vision, Opportunities, Success – Held in Orlando This plan will build upon the solid foundation formed over the u Mission Florida, this celebratory conference had over 3200 attendees last fifteen years and position the organization for growth that is WBENC’s mission is to fuel economic growth globally and 326 exhibitors at the Business Fair focused, relevant and sustainable. through access to opportunities, by identifying, certifying and facilitating development of women-owned businesses. In 2012, our 15th year, 32 of our Corporate Members were Resources J Goals: recognized as America’s Top Corporations for Women’s Business J WBENC President’s Report launches new format to better serve Enterprises. These companies represent best practices and world our community with information, news and profiles. u Certification: To continue to insure that WBENC certification class programs which set the bar high for all of our Corporate is the most valued and utilized certification by public, private, J Members. The 14 Women’s Business Enterprise Stars were New Insights program launches with “Economic Growth and non-profit, government and women owned businesses. Dear Colleagues: recognized at the Salute Gala, each of whom exemplifies the Job Creation” video – this informational library will bring success that hard work, determination and an entrepreneurial spirit relevant and timely industry and skills focused research and u Opportunities (Programs): To accelerate opportunities for 2012 was a year full of celebration, excitement and reflection can deliver. Their journeys are truly inspiring. information to our constituents. our constituencies by delivering world-class programming to as the Women’s Business Enterprise National Council (WBENC) enhance growth and development in business. community celebrated 15 years of Vision, Opportunity and Our Annual Conference and Business Fair, held at the Orlando J Inaugural Human Resources dialog session explored challenges Success. From its inception in 1997 to today, WBENC is the leading Convention Center, was evidence of the evolution of this and successes within the HR discipline for both WBEs and u Resources: To develop a diversified funding stream that advocate for women-owned businesses; the mission of uniting 260 organization and value that WBENC brings to its constituents. Corporate and Government members. will promote sustainable growth for the WBENC network in Corporate and Government Members with over 11,500 Certified Informative and thought provoking workshops, a business fair order to support public, private, non-profit, government and Women’s Business Enterprises is thriving. I would like to thank the with 326 exhibitors, and networking opportunities combined Recognition Women’s Business Enterprises. women who led this organization over the past 15 years – three with the excitement of the anniversary celebration made this an J John Young, President & CEO of Energy Future Holdings, wins u Engagement (Recognition): To foster involvement and President & CEOs with visionary leadership and passion about extraordinary event. WBENC’s first Crystal Leadership Award in recognition of his celebrate the success of our constituents through a robust what WBENC can accomplish – Susan Bari, the Founding President, Pages of acknowledgments expressing gratitude could be written to extraordinary commitment to women’s business success. recognition and engagement program. Linda Denny, and, our current leader, Pamela Prince-Eason. As all of the people who have contributed to the success and growth Board Chair, I know first-hand the responsibility, commitment and J Pamela Prince-Eason, President & CEO of WBENC, inducted u Technology (Infrastructure): To build a dynamic of this organization. Throughout this Annual Report, you will intensity of my role, one in which I take great pride and enjoy. into the Women’s Business Enterprises Hall of Fame for infrastructure to support the mission, streamline delivery, experience highlights of the rich history and get a glimpse into the I thank all of the Board Chairs who served before me: William Executive Leadership. strengthen our technological capabilities, promote growth and promising future. I would like to thank the WBENC Staff, Board of J. Alcorn, Enid Winn, Joan Kerr, William Moon, Cheryl Stevens, sustainability, and measure our effectiveness. Directors, the Leadership Council, the Women’s Enterprise Forum, and Pamela Prince-Eason. Each of these outstanding leaders gave and our committee leadership and members. Your contributions, generously of their time and talents and left an indelible mark on dedication and passion are integral to the exciting past, present this organization. and future of this organization. I also would like to give special The 14 Regional Partner Organizations deliver world-class WBENC recognition to Pamela Prince-Eason, our President and CEO, whose certification and regional programs that align with our collective extraordinary leadership inspires us all. goal to provide opportunities to women-owned businesses and fuel With warm regards, Technology Highlights – helping to pave the future of WBENC economic growth. I would like to thank Geri Swift for her many Planning began in 2012 for fundamental improvements in WBENC’s infrastructure. Included contributions and tireless leadership in her role as 2010-2012 Chair in this technology upgrade plan are critical software upgrades, increases in data capacity, of the WBENC Leadership Council, bringing first-hand experience investment in redundancy, and CRM capability. The Technology team has completed most in women’s business development, strengthening the partnership of the work of the first phase. After the initial technology assessment was complete, a new with and among the 14 RPO leaders and providing invaluable Laura Taylor infrastructure configuration and implementation plan was developed. Capital and operational advice and recommendations to the Board. 2012 Chair, WBENC Board of Directors budgets are underway, and the development of operational and functional alignment with The over 11,500 certified women business enterprises are at Vice President, Indirect Procurement business processes is targeted to be completed by year end. The second phase of the project the center of WBENC’s mission. The Forum leadership team, Pitney Bowes Inc. will be to integrate the technology requirements from the strategic plan teams. representing the certified WBE’s, provides valuable perspective

Celebrating15 Years 1 Celebrating15 Years 2 J Resources: WBENC provides a broad range of resources u WBENC Certification is accepted by more than 1,000 Women’s Business Enterprise National Council to support the growth and performance of Corporate and corporations and government agencies, representing America’s Government Members, and WBENC-Certified WBEs. most prestigious brands, as well as government entities at the Vision, Opportunities, and Success! state and local levels. u WBENC sources Best Practices and development tools for corporations and the WBENC-Certified WBEs that serve them. J The collaboration between WBENC’s Corporate and Government Members and WBENC-Certified WBEs illustrates u WBENC also serves as a resource to Corporate Members Vision: What We Do: business at its best: and provides a number of other training, mentoring, and To be the leader in women’s business development. J Since our founding in 1997, WBENC, through its 14 Regional professional development opportunities. u WBE innovations in product and service enhance corporate Partner Organizations (RPOs), provides certification to profitability and shareholder value. Mission: women-owned businesses that are at least 51 percent owned, u WBENC offers elite executive education and scholarship controlled, and operated making WBENC-Certified WBEs viable opportunities to include the Tuck- WBENC Executive Education u Strategic alliances that create international trade opportunities WBENC’s mission is to fuel economic growth globally through as vendors and suppliers to its Corporate and Government Programs and Dorothy B. Brothers Scholarship Program, for WBENC-Certified WBEs, support Corporate Members access to opportunities, by identifying, certifying and facilitating Members and Government agencies. webinars, workshops, and other development vehicles. in connecting to women’s businesses globally, and develop development of women-owned businesses. business linkages among certified WBEs around the world. J We help connect Corporate and Government Members with J Engagement: Engagement of our constituents is key to Core Values: WBENC-Certified WBEs to source business contracts. success throughout our network. We believe that involvement About WBENC: strengthens our existing relationships and fosters new ones. To support its constituents, WBENC focuses on its core values of J WBENC facilitates access to business opportunities through Recognition that promotes the success of key constituents u Founded in 1997, WBENC is the nation’s leading third-party certification, opportunities, and resources, and engagement, while national program and service offerings that include WBENC’s creates a better awareness of leading practices required to create certifier of businesses 51% or more owned, controlled, and providing prominent recognition to top corporations and WBENC- series of face-to-face MatchMaker programs, WBENC’s annual success for women entrepreneurs and inspires all to reach higher operated by women, and the leading advocate for and authority on Certified WBEs. Business Fair, formal/informal networking events, media standards of performance. WBENC-Certified WBEs as vendors and suppliers to corporations. opportunities, and recognition programs. Who We Are: u WBENC is a 501(c) (3) nonprofit organization that seeks J WBENC presents two signature events per year: Summit and accepts donations from corporations, foundations and J The Women’s Business Enterprise National Council – known as & Salute to Women Business Enterprises and the WBENC individuals that support its mission and programs. “WBENC” – is the nation’s leading advocate for and authority National Conference and Business Fair. on WBENC-Certified WBEs as vendors and suppliers to u WBENC is supported by 14 Regional Partner Organizations corporations and government entities. J WBENC has shifted the paradigm of how corporations work (RPOs), which administer and process WBENC’s world-class with WBENC-Certified WBEs with a business model that certification, provide regional matchmaking programs, and J WBENC is recognized as a trusted brand that opens doors reduces barriers in the marketplace and facilitates business deliver capacity development training to women-owned of opportunity for WBENC-Certified WBEs through its opportunities. businesses. world-class certification procedures, business opportunities created by Corporate and Government Members and other How We Deliver Our “CORE” Values: u WBENC is operated by WBENC Staff and governed by its Board WBENC-Certified WBEs, and resources that include education, of Directors under the leadership of the Executive Committee. J Certification: WBENC set the world class standard of scholarships, research findings, and advocacy. In addition, WBENC is also supported by its Leadership Women's Business Enterprises certification administered Council, represented by the presidents and executive directors J WBENC brings its Corporate and Government Members and throughout the 50 United States, Puerto Rico, and the of its RPOs, and the Women’s Enterprise Leadership Forum, thousands of WBENC-Certified WBEs together with the goal Virgin Islands by 14 Regional Partners. which is comprised of WBEs appointed by their local RPOs and of generating business. We are the Opportunity Connection for WBENC Constituents: u The WBENC certification standard is used as a model for by Corporate Members to represent WBE interests and issues. women’s businesses and the corporations they serve. J WBENC brings WBENC-Certified WBEs, corporations, and certification programs abroad including WEConnect Canada, u WBENC provides annual awards and recognition in the government entities together so that procurement and supplier WEConnect Europe and WEConnect India. form of: America’s Top Corporations for Women’s Business diversity executives can find WBENC-Certified WBEs to help Enterprises, 14 Women’s Business Enterprises Stars, annual J Opportunities: WBENC provides sourcing capability reaching them become even more competitive and successful. thousands of certified WBEs through: Applause Awards, and the William J. Alcorn Leadership Award. u Representatives of 39 corporations sit on the WBENC u WBENCLink, a password protected, searchable Internet Board of Directors, along with nine of its Regional Partner database filled with profiles of WBENC-Certified WBEs and Organizations representatives, ten WBENC-Certified WBEs Supplier Diversity and procurement professionals. and three expert advisors. u Face-to-face MatchMaker programs. u The majority of WBENC’s Corporate Members are Fortune u Formal and informal networking at WBENC’s Summit & Salute 500 companies. to Women’s Business Enterprises and the WBENC National u WBENC’s constituents are a powerful group. Information Conference and Business Fair (NCBF). WBENC’s Business Fair reported to WBENC show the average WBENC-Certified is the largest event of its kind for women business owners with company has revenues of $8.065M, 42 employees and 16 years approximately 350 exhibitors. of experience. u Global Business Initiatives, formal and informal networking u More than 60 WBENC-Certified WBE firms have revenues in events, media opportunities, and recognition programs. excess of $100M, and six WBENC-Certified WBE companies have revenues in excess of $1 billion.

Celebrating15 YeYears 3 Celebrating15 YeYears 4 Celebrating 15 Years: 2012 America’s Top Corporations Vision, Opportunities, and Success! for Women’s Business Enterprises

As we celebrated our 15th Anniversary, WBENC looked back to Business Enterprises and 14 Regional Partner Organizations that its beginnings, when it was simply an idea. As recently as the operate throughout the 50 United States, Puerto Rico, the U.S. mid-1990’s, women business owners were in need of a champion Virgin Islands and Guam. to overcome barriers that women faced to have the same access Projection into WBENC’s bright future led our strong leadership to procurement with major corporations as did their competitors. to develop the organization’s new strategic plan: The Roadmap for Born from need, the idea and foundation of WBENC were created Growth and Sustainability. Poised on the brink of transformation by a collective group of major corporations, women business to expand its capacity and relevancy to ensure that present and owners, and business development centers that were committed to future needs of its constituents were met, WBENC continued its expanding opportunities for women owned businesses. focus on CORE values of Certification, Opportunities, Resources, Fifteen years in the making, the need … the idea … “the and Engagement. In addition, the organization leveraged vision” came to fruition. WBENC has over 260 Corporate and Recognition and Technology to enhance and deliver superior Government Members, over 11,500 WBENC-certified Women services to all constituents.

BACK ROW, LEFT TO RIGHT: John O’Brien, EVP, Energy Future Holdings; Terrez M. Thompson, VP Global Supplier Diversity, The Coca-Cola Company; Sig Huber, Director – Supplier Relations, Chrysler Group LLC; Robert Noel, VP, Procurement for Exxon Mobil Corporation; Ron Rodrigues, Supplier Diversity/Local Content Manager, Chevron; Gerard Insall, SVP and Chief Information Officer, Avis Budget Group, Inc.; Michael Allison, EVP of Global Human Resources, Office Depot; William Hawthorne, SVP Diversity Strategies & Legal Affairs, Macy’s, Inc.; Marianne Strobel, Executive Director of Supplier Diversity, AT&T; Larry Caldwell, VP, IT Procurement, PepsiCo, Inc.; and Laura Taylor, Chair, WBENC Board & Vice President, Strategic Sourcing and Procurement Operations, Pitney Bowes Inc. MIDDLE ROW, STANDING LEFT TO RIGHT: Floriza Genautis, CEO, Management Business Solutions and Chair, Top Corporations Recommendation Panel; Peter Panzarella, Chief Procurement Officer, Pitney Bowes Inc.; Kim Brown, VP of General Procurement, Dell Inc.; Ken Barrett, Global Chief Diversity Officer, General Motors Company, LLC; Rick Monical, Chief Procurement Officer PSCM – Gulf of Mexico, BP America Inc.; Al Williams, Chief Procurement Officer, Accenture; Tiffany Eubanks-Saunders, SVP Enterprise Business Services and Supplier Diversity Executive, Bank of America; Mike Hoffman, VP Global Procurement, Pfizer Inc; Nancy Creuziger, VP, Global Financial Business Performance, ManpowerGroup; Patrice Knight, VP Integrated Supply Chain, IBM Corporation; Gary Kallenbach, VP Corporate Procurement, Global Business Services, UPS; Francene Young, VP of Talent & Development for Upstream Americas and VP of Diversity & Inclusion, Shell; and Pamela Prince-Eason, President & CEO, WBENC. FRONT ROW SEATED LEFT TO RIGHT:Verizon representative sitting in for Emilio Gonzalez, Vice President for Strategic Alliances, Verizon; Dan Riley, VP Property Development Operations, Target Corporation; Patricia Snyder, VP Divisional Merchandise Manager, Wal-Mart Stores, Inc.; Roxana Molina, Director of The Americas Purchasing, Ford Motor Company; Pamela Berklich, SVP, Center of Excellence, Kelly Services, Inc.; Nancy Hahn, VP Americas Supply Chain, Alcatel-Lucent; Des Bell, Senior Vice President Safety & Shared Services, Chief Procurement Officer, Pacific Gas and Electric Company; Denise Naguib, VP Sustainability & Supplier Diversity, Marriott International, Inc.; Beverly Jennings, Head, Office of Supplier Diversity & Inclusion, Johnson & Johnson; and Susan O’Rourke, Director, Americas Procurement, Strategic Sourcing, Ernst & Young LLP. NOT PICTuRED: Katrina Manning, Vice President, Technical Procurement, United Airlines.

In keeping with its leadership role in advancing the success of both Women’s 2012 Top Corporations Business Enterprises and the corporations they serve, WBENC announced its Accenture Exxon Mobil Pacific Gas and annual list of America’s Top Corporations Corporation Electric Company for Women’s Business Enterprises. The Alcatel-Lucent 2012 list was selected in the fourth Ford Motor PepsiCo, Inc. AT&T quarter of 2012 and they were recognized at a ceremony in Company Baltimore, MD on March 14, 2013 at the Hilton Baltimore. Pfizer Inc Avis Budget Group, General Motors WBENC President and CEO, Pamela Prince-Eason and Top Inc. Company, LLC Pitney Bowes Inc. Corporations Recommendation Panel Chair, Floriza Genautis Bank of America IBM Corporation Shell opened the ceremony with inspiring remarks. The Top Corporation panel discussions were segmented into three parts BP America Inc. Johnson & Johnson Target Corporation during the Thursday programming. Each panel was moderated Chevron The Coca-Cola by Doris McMillon, President, McMillon Communications, Inc.. Kelly Services, Inc. Company Two panels were formatted to spotlight business trends and the Chrysler Group LLC Macy’s, Inc. supply chain; both provided insights into the supplier diversity United Airlines Dell Inc. innovations of the 32 corporations honored. ManpowerGroup UPS The Top Corporations application and review process validates Energy Future Marriott supplier diversity best practices of companies that have attained Holdings International, Inc. Verizon world-class programs that create level playing fields for Women’s Ernst & Young LLP Office Depot Wal-Mart Stores, Inc. Business Enterprises (WBEs) to compete for corporate contracts.

Celebrating15 YeYears 5 Celebrating15 YeYears 6 The 2012 Recipient of the William J. Alcorn Leadership Award 2012 Women’s Business Enterprise Business Stars

Cheryl Stevens, Vice President of Supplier Diversity at Energy She is a graduate of Leadership Texas, Leadership Dallas and Future Holdings, was awarded the 2012 William J. Alcorn Menttium 100. Leadership Award. Under Stevens’ leadership, Energy Future Holdings has become a The Women’s Business Enterprise National Council (WBENC) nationally recognized leader in supplier diversity. It has received honored Cheryl Stevens with the William J. Alcorn award on numerous regional and national “Corporation of the Year” June 21, 2012, at the National Conference & Business Fair awards for supplier diversity accomplishments. in Orlando. WBENC presented the award to Stevens for her Stevens, herself, has received numerous awards, including outstanding leadership contributions to WBENC’s mission. FRONT ROW SEATED- LEFT TO RIGHT Carmen Castillo, Kathryn Petty, Lianne Lami, Julie Auslander, Mary Moslander, Lee Youngblood, WBENC’s coveted “Applause Award.” She has been recognized by Cassandra Sanford Her expertise and wisdom have influenced the growth of the the Dallas/Fort Worth Minority Supplier Development Council organization throughout the 15 year history. BACK ROW STANDING- LEFT TO RIGHT Cathi Coan, Mary Fox Donnelly, Patti Massey, Mary Parker, Juli Sinnett, Hannah Kain, Lynn Tilton and the Women’s Business Council – Southwest as “Corporate Stevens is a member of the WBENC Board of Directors and Advocate of the Year” and was named as “A Woman Who Means former WBENC Board Chair. She is actively involved in the Business,” by Minority Business News USA. Fourteen exemplary women business leaders received the nation’s behalf of WBENC citing the benefits of certification, corporate and/ organization, directing key strategic planning initiatives and premier award for excellence among Women’s Business Enterprises or government access, business and educational opportunities, and Stevens has also been named a “Woman of Excellence,” by specific programs that enable WBENC’s stature as the leading (WBEs) bestowed by WBENC at its annual Salute to Women’s networking and alliances. Women’s Enterprise, “Minority Business Advocate of the advocate for, and authority on, Women’s Business Enterprises Business Enterprises, on Thursday, March 22, 2012, before more than Year,” by the Small Business Administration, and recipient of The following 2012 WBENC Women’s Business Enterprise Stars (WBEs) as suppliers to the nation’s corporations and 1,200 corporate executives, government and nonprofit VIPs, and the MCompany “Catalyst Award.” Minority Business News USA were recognized for leadership in their respective local business government agencies. WBEs at the Baltimore Marriott Waterfront Hotel in Baltimore, MD. named her to its supplier diversity “Best of the Decade” list. communities, inspiration to other women business owners, and The William J. Alcorn award was named in honor of WBENC’s The Dallas Business Journal named her one of the Twenty- Selected by WBENC’s 14 Regional Partner Organizations (RPOs), active roles at the helm of successful certified businesses. first Chair of the Board of Directors, William J. Alcorn, for his Five Changemakers in Dallas. She was elected to the Women’s the 2012 WBENC WBE Stars served as national spokeswomen on years of dedication and outstanding leadership. Alcorn is the Business Enterprise Hall of Fame in 2009. retired Senior Vice President and Chief Purchasing Officer of the In 2006, Stevens was named a “TXU Fellow,” one of twelve J.C. Penney Company, Inc. employees in the inaugural Fellows Program made up of 2012 WBE Stars This award recognizes exemplary leadership contributions made individuals whose expertise, attitude, ethics and innovative ideas Julie Sue Auslander Mary Fox Donnelly Mary Moslander Juli Sinnett by individuals in support of WBENC’s mission to open the doors have raised the bar for all employees. Fellows are considered the President, CEO, Encompass Elements, Inc Owner, LiveHealthier Principal, SwervePoint, LLC of opportunity in corporate contracting to Certified WBEs. “go-to” people in their field inside the company and throughout cSubs the industry. Hannah Kain Mary Parker Lynn Tilton In addition to WBENC’s Board, Stevens serves on the Boards of Carmen Castillo CEO, Alom Technologies President & CEO, Managing Member/President, Directors and Executive Committees of the Women’s Business A Virginia native and graduate of East Carolina University, President, ALL(n)1 Security Services, Inc. DURA and Global Automotive Lianne Lami Council – Southwest; the Dallas/Fort Worth minority Supplier Stevens joined TXU (now known as Energy Future Holdings) SDI International Corp (Patriarch Partners) Development Council; and she is a past Chair of all three in 1979. Throughout her career she has held roles in Customer President, Bocci Engineering Kathryn Petty Cathi Coan President, White Lion Tea Lee Youngblood organizations. She is a member of the Board of Directors of the Relations and management. She became manager of the supplier Patti Massey President and CEO, Partner, McIntyre & American Institute of Diversity and Commerce and the Advisory diversity initiative in 1991 and named Vice President of Supplier President, Myca Group, Inc. Cassandra Sanford Techway Services Youngblood Boards of Minority Business News and Women’s Enterprise. Diversity in 2001. CEO, KellyMitchell Group, Inc

Celebrating15 YeYears 7 Celebrating15 YeYears 8 2012 Applause Awards Finance Organization and was instrumental in defining business Medicine where she held various Analyst and Project Management Introduced in 1999, the Applause Award recognizes and “applauds” government contractor; and maximizing corporate brand requirements while leading the Joint Application Development positions, including Administrator of Molecular Physiology exceptional accomplishments that expand opportunities and reputation. for Dell’s Corporate Invoicing Project. Hopkins has also held and Biophysics. She was responsible for her line of business in for Women’s Business Enterprises (WBEs) on a national or many roles in the Product Group Organization leading new In addition, Stewart leads Shell’s efforts in identifying and creating distribution of headcount, supply expenditures to ensure adherence international level while furthering WBENC’s mission of breaking product development teams. She was chosen to lead the project external programs and approaches to attract young talent to to the organization’s guidelines and governmental regulations. As down barriers that impede the progress and growth of businesses engineering, Geosciences, Operations and Maintenance Crafts team to develop and launch the first products with AMD owned and operated by women. Award recipients are selected the youngest basic science administrator, she was appointed to the through workforce development initiatives. microprocessors. While in the Product Group Organization, based on their impact on growth of WBEs; creation of policies, Hopkins earned her Green Belt and served as the Area Champion President’s Advisory Committee in Support of Vision 2000. procedures or initiatives that increase opportunities for WBEs; Since joining Shell in 1990, Stewart has worked across a spectrum for several years. She has served as a mentor to several individuals. Hopkins graduated from the University of Texas with a Bachelor and innovative and inspirational leadership on behalf of women of businesses in roles of increasing responsibility and challenge business owners and their companies. in market and business management, technical management, Prior to Dell, Hopkins was a 10-year veteran of Baylor College of of Arts in Economics. international marketing, Project Management and Mergers/ In 2012, WBENC bestowed three Applause Awards honoring Acquisitions/ Divestitures. those who have made exceptional accomplishments in expanding opportunities for Women’s Business Enterprises (WBEs). WBENC Stewart is a recognized leader in a number of activities in support presented the awards during its 2012 National Conference & of the Shell Community and the external community. A previous Business Fair in Orlando. Chair of Shell’s United Way Campaign and a graduate of UNW’s “Project Blueprint,” Stewart serves on the Board of Directors of Target Two corporate executives, Debra Stewart, Director, Supplier Hunger, a United Way agency that seeks to eradicate hunger and Diversity, Workforce Development and Diversity Outreach at its root causes in Houston’s inner city neighborhoods. She was a Shell, and Cyndi Hopkins, Director, Global Supplier Diversity and member of the startup team for the Shell Black Networking Group the Small Business Liaison Officer at Dell, Inc., were recognized (SBNG) in 1996 and served as the Inaugural Chair of the Network’s for advancing women’s business growth by providing suppliers Mentoring Committee. Stewart serves as Executive Co-Sponsor of access to their companies; supporting diversity initiatives within or Shell’s Multicultural Women’s Affinity Group, POWER (Promoting outside their organizations; and mentoring the next generation of Opportunity for Women Across Ethnicity and Race). executives or suppliers. Stewart is a graduate of Case Western Reserve University in Cleveland A special Applause Award was presented to a team of corporate with Bachelor and Master Degrees in Polymer Engineering. executives serving on the WBENC Board, the WBENC Certification Staff, and WBENC’s Regional Partner Organizations (RPOs) this year. This group was recognized for enabling WBENC to deliver the new Women Owned Small Business (WOSB) Certification on behalf of the United States Small Business Administration (SBA) for its WBENC’s Applause Award recipients are selected based on their impact on the growth of WBEs; creation of policies, procedures or initiatives that increase opportunities for WBEs; and innovative Federal Contracting Program. and inspirational leadership on behalf of Women Business Owners and their companies. More about the 2012 Applause Award recipients: Team Award: WBENC Certification Team Delivering on WOSB The 14 WBENC Regional Partner Organizations, with Certification Initiative: Special Recognition: J Candace Waterman, Chief of Staff J Debbie Hurst, President, Women’s Business Council – Southwest J Susan Cates, Manager, Alliance Relationships J Michelle Richards, President, Women’s Business Enterprise J LaKesha White, Senior Certification Program Manager Council – Great Lakes WBENC Board Members: J Susan Rittscher, CEO, Center for J Nancy Conner, Chair, WBENC National Certification Women & Enterprise Cyndi Hopkins (middle right) is The Director of Global Supplier Committee and Manager, Supplier Diversity, Diversity and the Small Business Liaison Officer at Dell, Inc. In J Blanca Robinson, President, W.W. Grainger, Inc. this role, Cyndi is responsible for driving in excess of $3 billion Women’s Business Enterprise spend with diverse suppliers. Hopkins launched the Dell Supplier J Benita Fortner, WBENC Board Vice Chair and Director, Council South Diversity Champion Team and transformed the program by driving Supplier Diversity, Raytheon Company J Geri Swift, Chair of the Leadership a 47 percent year-over-year increase in spend with diverse suppliers. J Cheryl Stevens, Vice President of Supplier Diversity, Energy Council and President, Women’s Hopkins serves on the Board of Directors for the Women’s Future Holdings and Immediate Past Chair, WBENC Business Enterprise Council Debra Clark Stewart (center) is Director of Supplier Diversity, Business Council - Southwest and the Southwest Minority Supplier PA-DE-sNJ Workforce Development, and Diversity Outreach at Shell. She J Laura Taylor, WBENC Board Chair and Vice President, Development Council. Hopkins is also active in her community as is responsible for developing and implementing strategies and Strategic Sourcing and Procurement Operations, Pitney Bowes Inc. the Chair of the Austin Regional Task Force. programs that support U.S. Supplier Diversity, such as local J Pamela Prince-Eason, President & CEO, WBENC content and diversity outreach programs, including diverse non- Since joining Dell in 1999, Hopkins has held a variety of governmental organization partnerships; ensuring compliance as a roles. She led an Accounting team while part of the Corporate

Celebrating15 YeYears 9 Celebrating15 YeYears 10 Summit & Salute to Women’s Business Enterprises 2012 Summit & Salute Sponsors

2012 Summit & Salute 2012 President’s Circle Women’s Enterprise Leadership WBE Special Option Forum Presenting Sponsors: Accel inc. Banneker Industries Inc Accenture Women Presidents’ Educational ADP-LLC Organization NY - DC BIZPHYX, INC. Ernst & Young LLP ALOM Eagle Consulting, LLC 2012 Summit & Salute A-Plus Meetings & Incentives Gold Sponsors HighRoad Press LLC Platinum Sponsor: Arbill JPMorgan Chase & Co. Meadows Office Furniture Co. UPS Artech Information Systems Macy’s, Inc. MEIRxRS LLC 2012 Summit & Salute Microsoft Corporation The Nicholson Corporation ASAP Solutions Group, LLC Diamond Sponsors: OLSA Resources, Inc. Astra Women’s Business AT&T Pursuit of Excellence, Inc. Alliance Silver Supporters Chevron Stronghold Engineering, Inc. Cablelinks, Inc. Adecco Marriott International, Inc. Teltech Communications Dakkota Integrated Systems LLC BP America Inc. Encompass - Elements IBM Corporation 2012 Tribute to Education Patrons Greater Women’s Business J.C. Penney Company, Inc. Friends of WBENC Council LEFT TO RIGHT (Ernst & Young LLP group photo: Katie Johnston, Rosemary Weppler, Lisa Schiffman, Herb Engert, Theresa Harrison, Christina Teufel , Susan O’Rourke) Alcatel-Lucent Kelly Services, Inc. 84 Lumber Company Hired By Matrix Altria Group, Inc. Major League Baseball ARMA, Inc. The 2012 Summit & Salute was designed to help build the Essentials and WBENC’s Success Track to Government WOSB. IPAK Chrysler Group LLC capabilities and capacity of Women’s Business Enterprises to meet Amgen ManpowerGroup WBENC continued the Multi-Tier Opportunity Connection KellyMitchell Group the increasingly complex needs of our Corporate and Government Cracker Barrel Old Country sessions during which WBENC-Certified WBEs discussed Avis Budget Group, Inc. Pacific Gas and Electric Members. The Vision, Opportunities, and Success, of WBENC provide Live Healthier Stores potential relationships with corporations as Prime, or First Tier Company vital access between Women’s Business Enterprises and the Bank of America Suppliers, and also developed alliances with other WBEs as Ohio River Valley Women’s Enterprise Holdings corporations and government entities they serve. Staples, Inc. Second- and Third-Tier Suppliers to meet the increasingly broad Dell Inc. Business Council SUPERVALU Ford Motor Company The Summit kicked off with headlining speaker, Pattie Sellers, and complex needs of corporations. Many corporations brought Energy Future Holdings Snelling Staffing Editor-At-Large and Co-Chair Most Powerful Women Summit their existing First Tier WBE suppliers to the sessions to capitalize Target Corporation General Motors Company, LLC FORTUNE Magazine; Pattie shared her insights of how the most on this opportunity. These sessions were focused on propelling Exxon Mobil Corporation Stovell Marketing and Public Relations, Inc. Time Warner Inc. Maestro ambitious women succeed and fail, and what we must do to women’s business growth, expanding WBE networks, and making Johnson & Johnson change the ratio. introductions more meaningful. Superior Staff Resources, Inc. TOYOTA MDI Group KPMG LLP The attendees were exposed to valuable perspectives and The 2012 Summit & Salute also celebrated 32 exemplary Corporate The Robart Companies Novartis Pharmaceuticals knowledge from the panelist and speakers in workshops held on Members as recipients of the Top Corporation Award and 14 WBE Northrop Grumman Corporation Wednesday and Thursday. The topics included Supplier Diversity Stars selected by WBENC’s Regional Partner Organizations (RPOs). Corporation Trans-Expedite, Inc. PALCO Office Depot U.S. Securities and Exchange Commission Private Eyes, Inc. PepsiCo, Inc. Visionista Prudential Pfizer Inc Washington Suburban Sanitary The Caswood Group, Inc. Pitney Bowes Inc. Commission Tyco Fire & Security Raytheon Company WBENC RPO Leadership W.W. Grainger, Inc. Shell Council Women’s Business Council- The Coca-Cola Company Women’s Business Enterprise Southwest; Council PA-DE-sNJ WBE Stars Verizon in memory of Lillie Knox X-GEN Pharmaceuticals

LEFT TO RIGHT: Lisa Johnson, UPS; Rob Lidster, Energy Future Holdings; Marianne Strobel, AT&T LEFT TO RIGHT: Ray Toomer, Accenture; Laura Taylor, WBENC Board Chair; Carol Attak, Accenture; Pamela Prince-Eason, WBENC President and CEO; Al Williams, Accenture

ccElEElEbrating15 YEars 11 Celebrating15 YeYears 12 2012 WBENC National Conference & Business Fair Host Council WBENC National Lead Sponsors Special Category Nancy Allen Conference & Business AT&T Sponsors Vision, Opportunities, and Success! President and CEO Fair Sponsors CSS Building Services, Inc Chrysler Group LLC CVM Solutions J.C. Penney Company, Inc. Women’s Business Co-Chairs: Accel inc. DeMartino Construction Company Limited Brands Corporate leaders and Women’s Business Enterprises convened In 2012, WBENC’s National Conference offered four in-depth Development Council Avis Budget Group, Inc. General Motors Company, LLC Lockheed Martin Corporation from June 19-21 in Orlando, Fl. for WBENC’s 13th National workshop tracks: Orientation, Corporate and Government of Florida ICON Information Consultants, LP Hired By Matrix Conference & Business Fair: Vision, Opportunities, and Success held Members, WBEs and Government Contracts. Some of the Office Depot Robert Half International, Inc. Media Sponsors at the Peabody Orlando Hotel and Orange County Convention compelling workshops included: Host Committee Featured Sponsors: Staples, Inc. Diversity Plus Magazine Center. The Conference featured 327 exhibitors and hosted over J Landry & Kling, Inc. Amgen, Dell Inc., and UPS Verizon Diversity/Careers 2,930 attendees. Developing and Enhancing an Impactful Supplier Diversity Joyce Landry– Chair W.W. Grainger, Inc. DiversityBusiness.com Program Contributing Partners: Conference Co-Chairs Accel inc., Avis Budget Group, Inc. ICON Enterprising Women J Program Sponsors Information Consultants and Office Depot were joined by 98 other Take a Walk in Your Customers’ Shoes A-Plus Meetings & Incentives Accenture MBE Magazine/Enterprise Alcatel-Lucent Publishing Inc. Corporate and WBE sponsors. J Standing Out From Your Competitors: Keys To Federal Contract Patty Klein ACT-1 Group Altria Group, Inc. Archer Daniels Midland Company MBEConnect.com Success Bank of America Keynote speakers included Mike Jones, President, Discover Bruno White Entertainment Arbill Professional Woman’s Magazine Johnson & Johnson Leadership Training, Neil Austrian, Chief Executive Officer, MatchMaker Sessions at the Conference brought together over 95 Lorri Nicholson and Terri White ASAP Solutions Group LLC WE USA Magazine Office Depot, and Frances Cole Jones, Founder of Cole Media Kraft Foods Group Women’s Radio Corporate Member buyers, who met with WBEs in approximately Doubletake Studios, Inc. BP America Inc. Management and author of “How to Wow: Proven Strategies for 600 one-on-one meetings. Corporate Members had the opportunity Terri Hall CableLinks, Inc. Platinum Sponsors Selling Your (Brilliant) Self in any Situation” and “The Wow Factor: to be matched with WBE attendees after reviewing their profiles, Cenergy Aflac The 33 Things You Must (and Must Not) do to Guarantee your edge in then selecting and approving to meet with them in person. MCO Construction Services, Inc. Charlie Bravo Aviation Today’s Business World.” WBENC’s Women’s Enterprise Leadership Ann McNeill Allstate Insurance Co. Chevron BMW Manufacturing Forum also hosted a bonus pre-conference keynote lecture With three days of keynote speakers, information-rich workshops and business-building opportunities, WBENC’s Conference again Orlando Conference Digital Hands Brocade featuring Lisa Price, Founder, Carol’s Daughter. proved to be a CORE initiative dedicated to WBENC’s mission of Management Group, Inc. Energy Future Holdings Caesars Entertainment advancing the success of our WBENC-Certified WBEs. Claudette Stroble Ernst & Young LLP ConocoPhillips Exxon Mobil Corporation Creative Resources Restor Telecom, IBM Corporation Crescent Construction Services Lisa Somerville Imagen Dakkota Integrated SDI International Corp. KellyMitchell Group Systems LLC Carmen Castillo ManpowerGroup Ford Motor Company Microsoft Corporation JPMorgan Chase & Co. Software Resources, Inc. Mirror Show Management Kaiser Permanente Tammy Giaimo NTSG, Inc. Macy’s, Inc. Marriott International, Inc. The DW Group, Inc. OLSA Resources, Inc MasterCard Worldwide Denise Walthers PepsiCo, Inc. Meadows Office Furniture Co. Pfizer Inc Pacific Gas and Electric Company Triage Partners LLC Pitney Bowes Inc. Time Warner Inc. Patricia Dominguez Private Eyes, Inc. ToraLab, LLC PS Energy Group, Inc. TOYOTA Quigley-Simpson United Airlines Raytheon Company Wells Fargo Shell Smead Manufacturing Strategic Staffing Solutions Superior Staff Resources, Inc. Target Corporation The Coca-Cola Company Trans-Expedite Inc. TransPak Inc. Wal-Mart Stores, Inc. WEConnect Canada Welcome Events Women Presidents’ Organization Women’s Business Enterprise Council PA-DE-sNJ

ccElEElEbrating15 YEars 13 Celebrating15 YeYears 14 The TUCK-WBENC Executive Program 2012 Graduates of Tuck-WBENC Executive Program: Brought to you by IBM Corporation Brought to you by IBM Corporation

Gail Ahlers Martha Ceballos Merry Korn Heather Sanderson Artistic Director, CEO President President and CEO CEO Ahlers Designs Inc. ELP Enterprises Inc. Pearl Interactive Network, Inc. Overture Premiums & Promotions Imelda Alejandrino Eve Clark Debi Laste CEO President CEO Jennifer Scully AP42 MEB Construction, LLC PeopleSourcer, Inc. President and CEO Clinical Resources LLC Shalu Arora Cathi Coan Carrie Martinez President and Founder President President Kimberly Slezak Skylightsys LLC Techway Services CM Productions, Inc. Vice President Data Access Inc. Laura Bergerson Heather Cole Ann McNeil dba. DataScreening CEO President President Channel Impact Lodestar Solutions, Inc. MCO Construction & Jan Steiner Services, Inc. President/Sales Manager Robina Bernard Brenda Doles Thoro Packaging President President Reshma Moorthy Clik-Clik Systems Inc. HealthCare Resolution VP Sales and Business Nakia Stith Services Inc. Development President and CEO Tracy Betts Frontier Technologies, Inc. Top of the Clock, Inc. CEO Shawne Duperon Balance Interactive CEO Loni Mouton Linda Sullivan ShawneTV dba Project Forgive President/Manager President Vicki Boisjolie Access Land & Title Services Administrative Strategies, LLC President Kathleen Frank BC Logistics LLC Founder and CEO Heidi Natura Melissa Thornton Augur Inc. Founder and Partner CEO Carole Borden Living Habitats DLC Limousine Service Inc CEO Cindy Gallo C.B. Transportation, Inc. President Jennifer Nevins Delora Tyler The Tuck-WBENC Executive Program, sponsored for the ninth Fiber Business President President and CEO 2012 Tuck-WBENC Executive Education Sponsors: Judy Bradt consecutive year by IBM, hosted 51 WBEs at the IBM Learning Solutions Group, Inc. DW Smith Associates, LLC First Media Group, Inc. Program Underwriter: IBM Corporation CEO Center in Armonk, NY. The week long intensive learning program Summit Insight Twyla Garrett Britanie Olvera Kittie Watson focused primarily on increasing the competitive advantage and Advanced Supporters: AT&T, Dell, Inc., Chevron Corporation, President and CEO CMO/CEO CEO robustness of each participant’s business. Collaborative learning Johnson & Johnson Phyllis Bresler Investment Management Building Team Solutions, Inc. Innolect, Inc. groups applied the tools they learned to assess and improve their President and CEO Supporters: Ernst & Young LLP, UPS Enterprise, Inc. (IME) businesses, using the same diagnostic and strategy implementation PW Communications Carol O’Riordan Susan Wilson approaches that external consultants would use. Contributors: DW Morgan Company Inc., Nestle, United Airlines, Bev Gray Managing Partner Founder and CEO Terry Brignac Women’s Business Enterprise Alliance, CEO and President O’Riordan Bethel Law Firm, LLP The Judgment Group WBENC Board Chair, Laura Taylor, hosted a fireside chat during the President Exhibit Edge Inc. week where the challenges that WBEs face were discussed. Taylor Women’s Business Enterprise Council South Cajunland Logistics, LLC Cheryl Osborn Diane Wolf also updated the class on WBENC’s Strategic Plan and dined with Poonam Gupta- Krishnan President CEO Michelle Buelow them, allowing for even more one on one questions to be addressed. Founder and President CASCO Contractors, Inc. Carlisle Packaging Company CEO lyka Enterprises, Inc. dba Carlisle Container Company The Tuck School of Business at Dartmouth is the nation’s oldest Bella Tunno Lily Otieno graduate school of business and is renowned for the quality of its Sandra James CEO Laura Zander LeCathy Jerre Burston teaching and the degree to which it fosters collaborative learning, President Infinity Business Solutions CEO Director of Membership & inclusion, and community. Private Eyes, Inc. Jimmy Beans Wool Corporate Development Carol Risting Center for Empowerment & Hannah Kain Vice President Economic Development CEO Administrative Strategies, LLC ALOM

ccElEElEbrating15 YEars 15 Celebrating15 YeYears 16 Dorothy B. Brothers Executive Scholarship Program The WBENC Selection Committee awarded the Dorothy B. Brothers Scholarship to 38 applicants in 2012:

Gail Ahlers Kathleen Frank Reshma Moorthy Pamela Robinson WBENC suffered a great loss in the passing of Dorothy Brothers in Artistic Director, CEO Founder and CEO VP Sales and Business CEO July 2002. Ms. Brothers was a Supplier Diversity & Development Ahlers Designs Inc. Augur Inc Development Financial Voyages LLC executive at Bank of America and WBENC board member. The Frontier Technologies Inc Linda Anderson Twyla Garrett Jennifer Scully Dorothy B. Brothers Executive Scholarship Program was founded Managing Partner President and CEO Heidi Natura President and CEO by Ms. Brothers and is available to owners of WBENC-Certified The Anderson Group Investment Management Founder and Partner Clinical Resources LLC Women’s Business Enterprises only. This scholarship program Enterprise Inc (IME) Living Habitats provides women business owners access to the same high caliber Shalu Arora Lucy Shubert management education that is available to Fortune 500 Companies President and Founder Doreen Gebbia Jennifer Nevins CEO and a framework to enable WBEs to formulate and implement Skylightsys President President Timberline Freight Service, Inc business strategies and achieve a competitive advantage in the new eRichards Consulting DW Smith Associates, LLC millennium. The Scholarship Selection Committee/Administrators Tracy Betts Kimberly Slezak award annual scholarships of up to $11,000 in tuition to an CEO Poonam Gupta-Krishan Britanie Olvera Vice President approved executive level course. Balance Interactive Founder and President CMO/CEO Data Access, Inc. dba Iyka Enterprises, Inc. Building Team Solutions, Inc. DataScreening Candidates should meet the following criteria for scholarship Carole Borden consideration: CEO Merry Korn Carol O’Riordan Melissa Thornton C.B. Transportation, Inc. President and CEO Managing Partner CEO J Currently certified as a Women’s Business Enterprise (WBE) Pearl Interactive Network Inc O’Riordan Bethel Law Firm, LLP DLC Limousine Service Inc by WBENC Nancy Braun Owner Debra Laste Cheryl Osborn Lisa Torcasio J Must be the owner of the organization Showcase Realty CEO President President PeopleSourcer, Inc. CASCO Contractors, Inc. Torcasio Sales & Marketing J Have at least three-to-five years’ experience running a business Michelle Buelow J Employ at least three full-time employees CEO Laurel Malenke Gayle Piraino Delora Tyler Bella Tunno President President President and CEO J Maintain a minimum annual sales volume of $500,000 (the Malenke/Barnhart GAP Promotions First Media Group, Inc. range is $500,000 to $50,000,000) Ann Byne Owner/Principal Carrie Martinez Terri Quinton Kittie Watson J Have not recently attended an executive management program The Byne Group President CEO and President CEO (Tuck-WBENC Executive Program graduates are eligible to CM Productions, Inc. Alliance of Diversity Printers LLC Innolect, Inc. apply, but preference will be given to WBEs that have not Heather Cole already received a scholarship) President Ann McNeil Michele Rhudy Susan Wilson Lodestar Solutions, Inc President President Founder and CEO J Have not previously been awarded a Dorothy B. Brothers MCO Construction & Rhudy & Co. Communications The Judgement Group Scholarship Shawne Duperon Services, Inc. and Marketing Inc CEO Laura Zander ShawneTV, & DBA CEO Dorothy B. Brothers scholarships were awarded to 37 Women Project: Forgive Jimmy Beans Wool Business Enterprises (WBEs) in 2012. These scholarships enabled 28 WBEs to attend the TUCK Executive Program and funded WBE attendance in nine other educational programs.

ccElEElEbrating15 YEars 17 Celebrating15 YeYears 18 WBENC Ambassadors Program Women’s Business Enterprise National Council, Inc. Statement of Financial Position

The WBENC Ambassadors Program is a core initiative structured December 31, 2012 with Summarized Financial Information for December 31, 2011 to enhance the value of membership by increasing member satisfaction and involvement. Ambassadors build connections, grow awareness, and provide information about WBENC and 2012 2011 Supplier Diversity. They are strong champions of WBENC-Certified Women’s Business Enterprises (WBEs), and strive to create ASSETS opportunities and access for them. In 2012, the program was chaired by Debra Jennings-Johnson, Vice Chair of WBENC Board CURRENT ASSETS of Directors, Director of Supplier Diversity at BP America Inc. Cash and cash equivalents $ 2,302,185 $ 2,677,200 WBENC relies on its Ambassadors to continuously represent the Accounts receivable, net of allowance for doubtful organization throughout their tenure and to educate others about accounts of $98,000 in 2012 and $57,000 in 2011 1,753,331 732,830 the value of advocacy by sharing success stories and best practices. Prepaid expenses 387,924 320,766 The Ambassadors are an invaluable resource for Corporate and Other current assets 11,287 8,748 Government Members, Women’s Business Enterprises, and Regional Partner Organizations. TOTAL CURRENT ASSETS 4,454,727 3,739,544 Specifically, Ambassadors are tasked to: FIXED ASSETS, net 399,155 94,988 J Develop and communicate a clear and concise Supplier Diversity mission statement and vision to support their RESTRICTED CASH 1,591,412 1,486,012 employees, vendors, customers, and shareholders; ACCOUNTS RECEIVABLE, less current portion 50,000 -0- J Generate business leads to diversify corporate spending by leveraging the strength of WBENC, Regional Partner SECURITY DEPOSITS 27,472 27,472 Organizations, Corporate and Government Members, and CASH SURRENDER VALUE OF LIFE INSURANCE 73,773 33,213 WBEs;

J Help grow WBENC Corporate Membership and the number of TOTAL ASSETS $ 6,596,539 $ 5,381,229 WBENC-Certified WBEs; To learn more about the WBENC Ambassadors Program, please J Utilize tactical plans to increase outreach and opportunities for visit the WBENC Ambassadors page within the Corporate Member LIABILITIES AND NET ASSETS the benefit of WBENC and its Regional Partner Organizations; section of the WBENC website: www.wbenc.org. CURRENT LIABILITIES J Improve coordination between WBENC, Regional Partner If you would like additional information, please contact Kim Organizations, Corporate and Government Members, Jones, Manager of Corporate Membership Services at kjones@ Accounts payable and accrued expenses $ 636,728 $ 620,584 and WBEs. wbenc.org. Deferred revenue 2,564,400 1,486,788 TOTAL CURRENT LIABILITIES 3,201,128 2,107,372 DEFERRED COMPENSATION PAYABLE 73,773 33,213 DEFERRED RENT 126,621 99,957

TOTAL LIABILITIES 3,401,522 2,240,542

NET ASSETS Unrestricted net assets 1,795,547 1,729,175 Temporarily restricted net assets 1,326,370 1,338,412 Permanently restricted net assets 73,100 73,100

TOTAL NET ASSETS 3,195,017 3,140,687

TOTAL LIABILITIES AND NET ASSETS $ 6,596,539 $ 5,381,229

The information presented here is derived from our audited financial statements. A copy of these statements is available upon request.

cElECelebratingbrating15 YEarsYears 19 Celebrating15 Years 20 Women’s Business Enterprise National Council, Inc. Women’s Business Enterprise National Council, Inc. Statement of Activities Statement of Cash Flow

For the year ended December 31, 2012 For the year ended December 31, 2012

Temporarily Permanently 2012 2011 2012 2011 Unrestricted Restricted Restricted Total Total CASH FLOWS FROM OPERATING ACTIVITIES: REVENUE CHANGE IN NET ASSETS $ 54,330 $ 1,163,506 Membership dues $ 3,402,882 $ 3,402,882 $ 3,265,250 Contributions 146,175 $ 195,600 341,775 496,273 Adjustments to reconcile change in net assets to net cash Exhibitor fees 610,000 610,000 635,800 provided by operating activities: Conference fees 1,178,811 1,178,811 1,135,473 Sponsorships 2,975,220 2,975,220 3,072,033 Depreciation and amortization 43,058 60,459 Interest income -0- 114 Increase in accounts receivable (1,070,501) (175,330) Certification fees 6,250 6,250 6,750 (Increase) decrease in prepaid expenses (67,158) 21,270 Other income 141,647 141,647 283,262 Increase in other current assets (2,539) (7,997) Net assets released from restrictions 207,642 (207,642) -0- -0- Increase in security deposits -0- (10,368) Increase (decrease) in accounts payable and accrued expenses 16,144 (8,679) TOTAL REVENUE 8,668,627 (12,042) $ -0- 8,656,585 8,894,955 Increase in deferred rent 26,664 38,680 Increase in deferred revenue 1,077,612 168,113 EXPENSES NET CASH PROVIDED BY OPERATING ACTIVITIES 77,610 1,249,654 Program services: Membership 239,610 239,610 223,223 CASH FLOWS FROM INVESTING ACTIVITIES: Salute 859,201 859,201 815,095 Increase in Dorothy Brothers Scholarship Fund (105,400) (219,656) National Conference & Business Fair 3,048,460 3,048,460 2,795,954 Purchases of fixed assets (347,225) (11,935) Alliance relationships 2,010,451 2,010,451 1,762,710

Other programs 962,507 962,507 717,085 NET CASH USED IN INVESTING ACTIVITIES (452,625) (231,591) Total program services 7,120,229 7,120,229 6,314,067

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (375,015) 1,018,063 Supporting services:

Management and general 1,186,282 1,186,282 1,060,537 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 2,677,200 1,659,137 Fundraising 295,744 295,744 356,845

CASH AND CASH EQUIVALENTS, END OF YEAR $ 2,302,185 $ 2,677,200 TOTAL EXPENSES 8,602,255 -0- -0- 8,602,255 7,731,449

CHANGE IN NET ASSETS 66,372 (12,042) -0- 54,330 1,163,506 SUPPLEMENTAL DISCLOSURE

NON-CASH FINANCING AND INVESTING ACTIVITIES NET ASSETS, BEGINNING OF YEAR 1,729,175 1,338,412 73,100 3,140,687 1,977,181

In 2011, WBENC received a $35,580 construction allowance for leasehold improvements. NET ASSETS, END OF YEAR $ 1,795,547 $ 1,326,370 $ 73,100 $ 3,195,017 $ 3,140,687

The information presented here is derived from our audited financial statements. A copy of these statements is available upon request. The information presented here is derived from our audited financial statements. A copy of these statements is available upon request.

cElEbrating15 YEars 21 Celebrating15 Years 22 WBENC 2012 BoARD oF DIRECToRS - ExECUTIvE CommITTEE BoARD oF DIRECToRS (Alpha By Company)

Leah Brown Farryn Melton Shelly Brown Larry Caldwell Kathy Homeyer President & CEO Vice President & Chief Manager, Supplier Vice President of Strategic Director, Supplier OFFICERS Geri Swift EXTENDED EXECUTIVE A10 Clinical Solutions, Inc. Procurement Officer Diversity & Business Supply Management Diversity Leadership Council Chair Bristol-Myers Squibb Development Power PepsiCo, Inc. UPS Laura K. Taylor COMMITTEE MEMBERS Tara Abraham President Solutions Board Chair CEO Susan Rittscher Donna Donato Donna Weaver- Women’s Business Enterprise Barbara Carbone Johnson Controls Vice President, Accel inc CEO Senior Director, Business Erhardt Council PA-DE-sNJ Audit Committee Chair Center for Women & Thasunda Brown- Planning and Portfolio Director Sourcing & Indirect Procurement Al Williams Partner In Charge, Audit Enterprise Duckett Management Supplier Diversity Chief Procurement Officer Pitney Bowes Inc. KPMG, LLP Senior Vice President, Pfizer Inc Verizon Accenture Greg Tibbles Nancy Conner East Regional Manager General Manager Laura K. Taylor Nancy Conner National Certification Patricia Rodriguez- JPMorgan Chase & Co. Benita Fortner Procurement, Board Chair Manager, Supplier Committee Chair Christian Vice Chair Julie Copeland Downstream; Technology Jorge Romero Vice President, Indirect Diversity Manager, Supplier Diversity President & CEO Director, Supplier Diversity Forum Vice Chair & Services Counsel to the Board Procurement W.W. Grainger, Inc. ADP-LLC W.W. Grainger, Inc. President & CEO Chevron Partner Pitney Bowes Inc. Raytheon Company Patricia Snyder Arbill Mark Artigues K&L Gates Kim Brown Benita Fortner Vice President Divisional Senior Director, Theresa Harrison Vice President, General Barbara A. Carbone Director, Supplier Merchandise Manager Debra Jennings-Johnson Supplier Diversity Corporate Membership Procurement and Partner in Charge Audit, Diversity Children’s Apparel Second Vice Chair Alcatel-Lucent and Revenue Generation Chair Lynne Marie Finn Supplier Diversity Northern California Raytheon Company Wal-Mart Stores, Inc. Director, Supplier Diversity Director, Supplier Diversity Forum Vice Chair Diane Pinkney Dell Inc. KPMG LLP Sharon Burton Marsha Firestone, Ph.D. BP America Inc. President Senior Manager, Ernst & Young LLP Cheryl Stevens Howard Thompson President & CEO President & Founder Superior Staff Resources, Inc. Purchasing Quality & Vice President, Vice President of Supplier Robart Transportation Inc. Women Presidents’ Compliance Kathy Homeyer Supplier Diversity Diversity & Vendor Educational Organization Beverly Jennings Altria Group, Inc. Lynthia Romney Treasurer Energy Future Holdings Development – New York Marketing, Communications President and CEO Director, Supplier Diversity Ruby McCleary Julie Copeland Macy’s, Inc. Theresa Harrison RomneyCom Debbie Hurst and Brand Management Chair U.S. Member Services President and CEO UPS Director of Nancy Creuziger President Head, Office Supplier Diversity and Programs Chair Arbill Debra Clark Stewart Supplier Diversity Vice-President, Global Women’s Business & Inclusion Director, Supplier Diversity Manager, Corporate Ranjini Poddar Ernst & Young LLP Finance Business Council – Southwest Cheryl Stevens Johnson & Johnson Supplier Diversity United Airlines President Performance Immediate Past Board Chair Bridget Kostelnik Shell Carol Dougal Artech Information ManpowerGroup Vice President, Supplier Diversity General Manager, Strategic Co-President Systems, LLC Tara Spann Pamela Prince-Eason Procurement Rosemarie Schmidt Women’s Business Energy Future Holdings Diane Pinkney Executive Director of ex-officio Marianne Strobel Exxon Mobil Corporation Vice President Development Center - Nominating Committee Chair Diversity Initiatives President & CEO Executive Director, & Senior Counsel Chicago Carla Traci Preston Staples, Inc. WBENC Senior Manager Purchasing Supplier Diversity Marriott International, Inc. Mary Tacher Director, Supplier Geri Swift Quality & Compliance Programs Lynne Marie Finn Secretary Diversity Development Cecelia Porto President Altria Group, Inc. AT&T President Ford Motor Company Senior Director, Global Women’s Business Vice President, Jorge Romero Superior Staff Resources, Inc Lynn Boccio Procurement Group Enterprise Council Associate General Council ex-officio Michael Robinson Vice President, Strategic Microsoft Corporation Eyvon Austin PA-DE-sNJ J.C. Penney Company, Inc. Counsel to Board Michael Robinson Program Director, Global Business & Diversity Global Supplier Diversity Partner Supplier Diversity Lisa Stenglein Blanca Robinson International Members Services Relations Manager K&L Gates Integrated Supply Chain Senior Director, Systems President Tara Abraham and Programs Chair Avis Budget Group, Inc. The Coca-Cola Company Program Director, IBM Corporation and Indirect Procurement Women’s Business Women’s Enterprise Barbara Kubicki-Hicks Motorola Solutions Nicole Peterson Enterprise Council South Global Supplier Diversity Pamela O’Rourke Leadership Forum Chair Senior Vice President, Senior Director, Supplier IBM Corporation President & CEO Shari Francis Pamela Williamson, Ph.D. CEO Supplier Development Diversity ICON Information Manager, Executive Director Accel inc. Bank of America The Home Depot Consultants, LP Vendor Management Women’s Business Cheryl Snead Office Depot Greta Davis Enterprise Council - West Mary Tacher CEO Executive Director of Vice President, Associate Rea Waldon, Ph.D. Pamela Prince-Eason Banneker Industries Inc Supplier Diversity General Counsel Executive Director President and CEO Time Warner Inc. Debra Jennings- J.C. Penney Company, Inc. Ohio River Valley Women’s Business Johnson Women’s Business Ruby McCleary Enterprise National Beverly Jennings Director, Supplier Council Director of Supplier Council Vice President, Business Diversity Diversity Process Excellence Olsa Martini Vacant Seats - 2 BP America Inc. United Airlines Johnson & Johnson President OLSA Resources

ccElEElEbrating15 YEars 23 Celebrating15 YeYears 24 New members to the Board in 2012: 2012 Regional Partner organizations

WBENC has 14 Regional Partner Organizations (RPOs), which are responsible for managing and processing WBENC’s world-class certification and recertification applications and site visits at the regional level. In addition, each RPO is also responsible for providing WBENC Corporate Members with access to WBENC-Certified WBEs in response to the companies’ procurement needs and providing skill-building programs to enable the success of WBENC-Certified WBEs.

Astra Women’s Business Alliance Women’s Business Council-Southwest www.astrawba.org www.wbcsouthwest.org Diane L. McClelland Debbie Hurst President President Center for Women & Enterprise Women’s Business Enterprise www.cweonline.org Council PA-DE-sNJ Mark Artigues Nancy Creuziger Patricia Snyder Susan Rittscher www.wbecouncil.org Alcatel-Lucent ManpowerGroup Wal-Mart Stores, Inc. CEO & President Geri Swift President Greater Women’s Business Council www.gwbc.biz Women’s Business Enterprise Roz Lewis Council South Executive Director www.wbecsouth.org Blanca Robinson Ohio River Valley Women’s Business Council President www.orvwbc.org Rea Waldon, Ph.D. Women’s Business Enterprise Alliance Executive Director www.wbea-texas.org April Day Women’s Business Enterprise Council Great Lakes Executive Director www.miceed.org Michelle Richards Women’s Business Enterprise Council-West President www.wbec-west.org Eyvon Austin Olsa Martini Lisa Stenglein Pamela S. Williamson, Ph.D. Women’s Business Development Center-Chicago The Coca-Cola Company OLSA Resources Motorola Solutions Executive Director www.wbdc.org Carol Dougal & Hedy Ratner Women Presidents’ Educational Organization-DC Co-Presidents www.wpeo.us Sandra Eberhard Women’s Business Development Council of Florida Executive Director www.womensbusiness.info Nancy Allen Women Presidents’ Educational Organization-NY President and CEO www.wpeo.us Marsha Firestone, Ph.D. President & Founder

Larry Caldwell Tara Spann Greg Tibbles PepsiCo, Inc. Staples, Inc. Chevron

Not Pictured: Nicole Peterson, The Home Depot

ccElEElEbrating15 YEars 25 Celebrating15 YeYears 26 Leadership Council 2012 The Women’s Enterprise Forum

The Women’s Enterprise Forum (The Forum) serves in an advisory Government Members. The Forum represents a cross section of capacity to the Women’s Business Enterprise National Council Women Business Enterprises (WBE) by size and industry across (WBENC) Board of Directors. The Forum gives input and feedback all geographies. on WBENC programs and other matters at the direction of the WBENC Board. Participation in The Forum offers opportunities The Forum is comprised of WBEs selected regionally and nationally. for WBENC-certified Women Business Enterprises to represent the The Forum has an elected Chair, and two Vice Chairs who serve on the voice of all women business enterprises and engage in networking WBENC Board of Directors. Seven additional WBEs from the Forum and development activities with other WBEs and Corporate and also serve on the WBENC Board of Directors representing all WBEs.

Tara Abraham- Chair Billie Bryant Christine Hammerlund Beatriz Manetta Rosa Santana Accel inc. CESCO Inc. Assured Healthcare Argent Associates, Inc. Integrated Human Capital Roz Alford Lorelei Carobolante Lisa Hanlon Olsa Martini Hallie Satz ASAP Solutions Group, LLC G2nd Systems Teltech Communications OLSA Resources, Inc HighRoad Press LLC Barbara Allen Cathi Coan Sandra James Patricia Massey Leslie Saunders Executive Equilibrium Techway Services Private Eyes, Inc. Myca Group, Inc. Leslie Saunders Insurance Jackie Amrhein Jennifer Collins Jennifer Jeansonne Janell McGill Andrea Schrager Florida Stainless, Inc. The Event Planning Group Eagle Consulting, LLC Milligan & Associates, LLC Meadowlands Consumer Julie Auslander Julie Copeland- Vice Chair Keeli Jernigan Terri McNally Center Marketing cSubs Arbill Trans-Expedite, Inc. Global Capital, Ltd. Research, Inc. Sharon Avent Janet Crenshaw-Smith Jean Johnson Barbara Oliver Juli Sinnett Smead Manufacturing Ivy Planning Group LegalWATCH MBE Magazine SwervePoint, LLC Alta Baker Peggy Del Fabbro Marlene Kelly Sharon Olzerowicz Cheryl Snead Safe Haven Enterprises, LLC. M. Davis & Sons, Inc. Exhibits South Corp. Hired by Matrix Banneker Industries Inc Nancy Balkcom Marie Diaz Patty Klein Pamela O’Rourke Annette Taddeo Pursuit of Excellence, Inc. Freeman Forms and A-Plus Meetings & Incentives ICON Information LanguageSpeak, Inc. Holli Dorr Supplies, Inc. Ella Koscik Consultants, LP Cindy Towers Hollister Construction Anisa Balwani MDI dba Management Ranjini Poddar JuriStaff, Inc Company RCI Technologies (RAJ Decisions. Inc. Artech Information Laurie Travis Rosalie Edson Consultants) Joyce Landry Systems LLC LT Evention Meadows Office LaSonya Berry Landry & Kling, Inc. Karen Primak Michele Vignes Supply Co., Inc. McPherson, Berry & Mercedes LaPorta IPAK Universal Personnel, LLC Associates, Inc. Kathie Edwards Westpark Communications Mercedes Electric Supply, Inc. Kanchana Raman Beverly White FRONT ROW - LEFT TO RIGHT: Pamela Prince-Eason, (WBENC), Mariela Hernandez (WBEA), Laura Taylor, (WBENC Board Chair) Carol Dougal (WBDC-Chicago), Pamela Christine Bierman Julie Levi Avion Systems The BKW Transformation Williamson, Ph.D. (WBEC-West), Marsha Firestone, Ph.D. (WPEO-NY), Sandra Eberhard (WPEO-DC). Colt Safety, Inc Sharon Evans Group CFj Manufacturing Progressive Promotions Connie Rankin Customized Real Estate Nancy Williams BACK ROW - LEFT TO RIGHT: Michelle Richards (WBEC-GL), Nancy Allen (WBDC-Florida), Rea Waldon, Ph.D. (ORVWBC), Geri Swift (WBEC PA,DE,sNJ), Roz Lewis (GWBC) Rebecca Boenigk Nicole Loftus Neutral Posture, Inc. Lynne Marie Finn- Vice Services, Inc. ASAP Solutions Group, LLC Blanca Robinson (WBEC-South). Chair Zorch Sourcing LLC Michelle Boggs Royalyn Reid Traci Williams NOT PICTuRED: Diane McClelland (ASTRA-WBA), Susan Rittscher (CWE), Debbie Hurst (WBCSouthwest). Superior Staff Resources, Inc. Brenda Loube McKinley Marketing Partners Corporate Fitness Works, Inc. Consumer and Market Crescent Construction Bev Gray Insights, LLC Services LLC Leah Brown Exhibit Edge Inc Dawn Magnan The Leadership Council is comprised of executives from the 14 providing skill-building programs to enable the success of A10 Clinical Solutions, Inc. Patricia Rodriguez-Christian Julia Winnicki Lynn Griffith n8 Solutions Regional Partner Organizations (RPOs). The RPOs are responsible WBENC-Certified WBEs. ADP-LLC Compusave Nancy Brownrigg Welcome Florida, Inc. for managing and implementing the process and procedures Sharon Mahin The Leadership Council provides a forum for discussion; Brownrigg Companies Cassandra Sanford Lisa Witomski maintaining WBENC’s world-class certification at the regional Ellie Halter Mahin Impressions serves as a creative hub for sharing ideas; and initiates policy Kelly Mitchell Group, Inc. T. Frank McCall’s, Inc. level. In addition, each RPO is also responsible for providing Schnipke Engraving Co. Inc. recommendations to be considered by WBENC and the Board WBENC Corporate Members with access to WBENC-Certified of Directors. WBEs in response to the companies’ procurement needs and

ccElEElEbrating15 YEars 27 Celebrating15 YeYears 28 Corporate member List - December 2012 2012 WBENC Staff

Accenture Campbell Soup Exxon Mobil Lend Lease Americas, Inc. PNC Financial Services The Walt Disney Adecco Capgemini USA Corporation Limited Brands Corporation Company ADP Capital One Fannie Mae Lockheed Martin Premier Inc. The World Bank Group AEG Cargill Ferguson Enterprises Corporation PricewaterhouseCoopers TIAA-CREF Aetna, Inc. CDW Fleishman-Hillard Mack Trucks, Inc. Principal Financial Time Warner Inc. Aflac CenterPoint Energy Fluor Macy’s, Inc. Procter & Gamble TJX Companies AGL Resources CHEP Ford Motor Company Major League Baseball Prudential TOYOTA AIG Chevron Forest Laboratories Inc. ManpowerGroup Purcell Systems, Inc. Towers Watson Alcatel-Lucent Chrysler Group LLC Freddie Mac Marathon Oil R.R. Donnelley Turner Construction Co. Allergan, Inc. Chubb & Sons Genentech, Inc. Marathon Petroleum Raytheon Company Tyco Fire & Security Corp. Allstate Insurance Co. CIGNA General Electric RBS Citizens Bank United Airlines General Mills Marriott Recall Corporation UPS Altria Group, Inc. Cintas Corporation International, Inc. Amdocs, Inc. Cisco Systems General Motors Reed Elsevier Inc. United Rentals Company, LLC Mars Chocolate NA American Airlines Citgo Petroleum Corp. Regions Bank United Stationers GfK Holdings, Inc. Marsh & McLennan American Cancer Society CitiGroup Companies, Inc. Research in Motion United Technologies GlaxoSmithKline Corporation (UTC) American Express Clorox Corporation MasterCard Worldwide Robert Half International, GSD&M Idea City Inc. URS Washington & American Family Mutual CNA Insurance Co. McCain Foods Guidant Group Rockwell Automation Construction Insurance Colgate-Palmolive Co. Mcgarry Bowen Harley-Davidson, Inc. Saatchi & Saatchi NA, U.S. Bank American Red Cross Comcast MeadWestvaco Corp. Harris Bank, NA Inc. U.S. Postal Service Amgen Inc. Communications Test MedAssets Supply Chain Health Alliance Plan Sallie Mae U.S. Tennis Association Amtrak Design, Inc. Merck Sharp & Dohme Health Care Service Sandia National Unum Group Apple Inc. ConAgra Foods Corp. Laboratories Heinz North America Verizon ARAMARK ConocoPhillips MetLife Schneider Electric Hewlett-Packard Company Visteon Corporation ArcelorMittal USA, LLC CoreLogic MGM Resorts International SciQuest Hilton Worldwide Volt Archer Daniels Midland Corizon Health, Inc. Microsoft Corporation Shell Company Honda of America Volvo Trucks North Covidien Milwaukee Public Schools Sodexo, Inc. America AREVA Inc. Hospira, Inc. Cox Enterprises Inc. Michelin North America Inc. Southern California W.W. Grainger, Inc. AT&T Houston Independent Cracker Barrel Old Monsanto Company Edison Walgreens Avaya Country Stores School District Morgan Stanley Sprint Nextel Corporation Wal-Mart Stores, Inc. Avis Budget Group, Inc. CSX Humana, Inc. Motorola Mobility Staples, Inc. Waste Management, Inc. Bank of America Cummins, Inc. Iberdrola USA Management Corporation Motorola Solutions Starbucks Coffee WAUSAU Financial Bausch & Lomb CVS Caremark Corporation Company IBM Corporation MSD Systems, Inc. BBDO New York Darden Restaurants Starwood Hotels & Resorts Pamela Prince-Eason Cristy McCullough Ingersoll Rand NCIMED-WBC We Energies BBVA Compass DDB US Worldwide, Inc. President & CEO Assistant Vice President Marketing, Interpublic Group NCR Corporation Wells Fargo Best Buy Del Monte Foods State Farm Insurance Co. Communications, & Brand Management ITRON New York Life Insurance WellPoint, Inc. Paige Adams Blue Cross & Blue Shield Dell Inc. Company SUPERVALU J.C. Penney Company, Inc. Westinghouse Electric Director, Development & Jason Moore Association Deloitte Services LP Newell Rubbermaid Target Corporation Company LLC JM Family Enterprises, Inc. Corporate Relations IT Director Blue Cross Blue Shield/MA Delphi Corporation Nielsen Tate & Lyle LLC Wieden+Kennedy Johnson & Johnson Helen Avery Lindsay Olzerowicz BMC Software Delta Air Lines, Inc. Novo Nordisk Technology Integration Windstream Johnson Controls Group (TIG) Project Manager Senior Program Manager Belk, Inc. DTE Energy O.C. Tanner Company Communications Jones Lang LaSalle Teleperformance BNSF Railway Dun & Bradstreet Office Depot Wyndham Worldwide Lauren Bauchat Lynn Grossman Quinn JPMorgan Chase & Co. The Coca-Cola Company Corporation Boeing Company D.W. Morgan Company, Inc. OfficeMax Senior Accountant Chief Financial Officer Kaiser Permanente The Home Depot Xcel Energy BP America Inc. EMC Corporation Oracle USA Kellogg Company The Federal Reserve Bank Pat Birmingham Lynn Scott Bright Horizons Family Energy Future Holdings Pacific Gas and Solutions Kelly Services, Inc. of Boston *New 2012 Members are Vice President, Marketing Program Director Enterprise Holdings Electric Company Bristol-Myers Squibb Kimberly-Clark Corp. The Federal Reserve Bank underlined Ericsson, Inc. PaperWorks Packaging of Cleveland Valerie Bunns Alice Spears Brocade Kohl’s Department Stores Group **WBENC Board Members Ernst & Young LLP The Federal Reserve Bank are in Bold Director of Finance and Operations Office Manager Bunn-O-Matic KPMG LLP Pepco Holdings, Inc. Exelon of Richmond Susan Cates Candace Waterman Corporation Kraft Foods Group PepsiCo, Inc. Express Scripts, Inc. The Hilshire Brands Manager, Alliance Relationships Chief of Staff/ Certification, Caesars Entertainment Pfizer Inc Company Program Operations Phillips66 The Kroger Co. Kim Jones Pitney Bowes Inc. The Peabody Orlando Manager, Corporate LaKesha White Membership Services Senior Certification Program Manager

Celebrating15 YeYears 29 Celebrating15 YeYears Our sincere thanks to Chevron for their sponsorship of this annual report. As an active Corporate Member and recipient of WBENC’s “Americas Top Corporations for Women’s Business Enterprises” award, Chevron consistently demonstrates their commitment to creating mutually beneficial and innovative partnerships with Women Business Enterprises. Chevron sponsors monthly educational encounters and the UCLA management development entrepreneurs program, aimed at building the capacity of women-owned businesses at both the national and regional levels. WBENC recognizes their significant contribution to the growth of women-owned businesses and values their partnership in producing this report.

Women’s Business Enterprise National Council 1120 Connecticut Avenue, N.W. • Suite 1000 • Washington, DC 20036 202-872-5515 www.wbenc.org This 2012 Annual Report was produced and printed by WBENC-Certified firms. Graphic design by: Doubletake Studios, Inc. Printing by: ADP-LLC