The BOW Collective | 2023 Annual Report

2023

ANNUAL REPORT

www.thebowcollective.org

THE BOW COLLECTIVE

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THE BOW COLLECTIVE

BLACK. OWNERS. WOMEN.

YEAR 2023 MESSAGE FROM THE PRESIDENT AND EXECUTIVE OFFICERS

Founder & CEO

VP & COO

Treasurer & CFO

Nicole Cober Johnson

Ticki Favaroth

S. Kathryn Allen

CJRD

HR&Co.

Answer Title & Escrow LLC

Dear Esteemed Members, Partners, and Supporters,

In our roles as stewards of this remarkable community, we, the President and Officers of The BOW Collective, are honored to recount the myriad accomplishments that have marked this year as truly exceptional. From the outset, our collective vision was to create a space where innovation, collaboration, and shared purpose could thrive, and we are thrilled to report that the past year has exceeded our expectations.

The cornerstone of our success lies in the dedication and unwavering support of each member and partner who has contributed to The BOW Collective’s growth. It is each sister’s individual story and passion that has fueled our endeavors, and together, we’ve achieved significant milestones that have not only strengthened our community but have also left a positive imprint on the broader business landcape.

Historian

Theresa Harrison

GEORGE STREET Services, Inc.

General Counsel

Secretary

Aimee Griffin

Dr. Keisha Mack

Life & Legacy Counselors LLC

The MECCA Group, LLC

Throughout the pages of this report, you will discover a tapestry of achievements, from groundbreaking initiatives to transformative projects, all of which bear the indelible mark of our collective efforts. We invite you to celebrate these triumphs, recognizing that every accomplishment is a testament to the collaborative and sisterhood spirit that defines The BOW Collective.

As you also reflect on this amazing year, we express our deepest gratitude to all who have played a role in leading our shared success. Your commitment, creativity, and resilience have been the driving forces behind The BOW Collective’s ascent, and we are immensely proud of your impacts as a leader.

Here’s to an extraordinary year gone by, filled with growth, learning, and achievement. As we turn the page to the future, we are inspired by the limitless possibilities that lie ahead. Thank you for saying YES to The BOW Collective sisterhood, and we eagerly anticipate continuing this incredible journey together.

Nicole Cober Johnson

Ticki Favaroth

S. Kathryn Allen

Theresa Harrison

Aimee Griffin

Keisha Mack

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It is with immense pride that we extend a heartfelt welcome to each of you to our first The BOW Collective’s Annual Report for the year 2023. As we stand on the threshold of a paradigm shift, we are filled with pride and gratitude for the extraordinary journey we’ve embarked on together. We are excited to share the incredible journey of accomplishments that The BOW Collective has experienced throughout the year.

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SISTERHOOD.

NICOLE COBER, ESQ. FOUNDER, PRESIDENT, & CEO THE BOW COLLECTIVE

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As Black Women, we give back to many community institutions: our churches, our sororities, and our schools. If we focused some of our time, talent, and treasures on supporting our business growth, it would have a seismic impact on our communities for generations to come. The women of The BOW Collective are ‘Business Philanthropists’.

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MICHELE T. GHEE

CEO, Expectant Media (Black Women Owned Media Company)

MESSAGE FROM THE PRESIDENT AND EXECUTIVE OFFICER

05

WHAT IS THE BOW COLLECTIVE?

10

MISSON

15

VISION

16

CAPITAL

21

COMMUNITY

27

CONTRACTS

36

CHAMPIONS

41

COMMUNICATION / IT

49

OPERATIONS

54

MEMBERSHIP

61

OUR SUPPORTERS & PARTNERS

76

CONCLUSION

79

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CONTENTS

The BOW Collective began to formalize work around impacting our community through advocacy. As Black women we are the fastest growing demographic of entrepreneurs facing obstacles of racism and sexism. We know that it is our responsibility to let our success, in the face of obstacles, speak and speak loudly.

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What is The BOW Collective?

We are a 501 (c) (3) business development & an advocacy community comprised of the Nation’s top 1% most successful business owners. Through collaboration with both our allies and one another, we as Black women business owners endeavor to scale our businesses and mentor smaller entities. We believe that by focusing on securing capital, contracts and connections, we will increase revenues of all Black women enterprises and impact our communities.

BOW Members By The Numbers

25+

200+

2,000+

INDUSTRIES

MEMBERS

Jobs Created

Average

23

Social Media

Years in Business

STATES

12+

500K

# Followers of BOW & Members

in 2023

750M+ Estimated Gross Annual Sales

4 COUNTRIES

ACCOUNTING ARCHITECTURE BUSINESS CONSULTING CHILDCARE CHEMICALS & DISTRIBUTION CLEANING & MAINTENANCE COMMERCIAL INTERIOR DESIGN COMMUNICATIONS DIVERSITY & INCLUSION TRAINING DENTISTRY EVENT MANAGEMENT FINANCIAL ADVISORY SERVICES GOVERNMENT CONTRACTORS HEALTHCARE HOSPITALITY HUMAN RESOURCES

INSURANCE IT SOLUTIONS LEGAL LOGISTICS & MOVING MANUFACTURING MARKETING NONPROFITS PROJECT & PROGRAM MANAGEMENT PERFORMING ARTIST PUBLIC RELATIONS REAL ESTATE BROKERAGE REAL ESTATE CONSTRUCTION & MANAGEMENT REAL ESTATE DEVELOPMENT RETAIL

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BOW Industries

Together, we join forces, pledging to stand un challenges faced by Black women in the bu this path. Our objective transcends mere in facilitate scaling and thriving within this d serve as a guiding light, casting illumination o business pursuits, recognizing and celebratin with purpose.

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Our dedication is resolute, driving us to active Even amidst the fluctuating tides of attent We are poised to offer continuous and ste their journey, adeptly navigating the intri the realm of business and the broader s transcends being merely a reactive response empower, and stand alongside every Black wo

nited in our mission to address the significant usiness world and those striving to navigate nitiation; it encompasses the ambition to dynamic landscape. Within our community, we on the path for every Black woman engaged in ng their inherent potential to lead lives imbued

TICKI FAVAROTH VICE PRESIDENT & CHEIF OPERATING OFFICER

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ely translate this belief into a tangible reality. tion, our commitment stands unwavering. eadfast support to each sister throughout icacies and obstacles encountered both in spectrum of life. Our collective commitment to challenges; it is a solemn pledge to uplift, oman in her pursuit of success and fulfillment.

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MISSION The mission of The BOW Collective is to create a space for Black women business owners to overcome historically challenging disparities in the business sector. Members’ collective efforts will scale BOW businesses using capital, communications, and contracts.

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Our organization is committed to raising underserved Black women enterprises through securing capital, fundraising, training, and education of members, and collaborating on business opportunities that will impact Black communities. The BOW Collective strives to practice the true spirit of perseverance and fellowship with their relationships, collaboration, and services to better Black Women business owners.

VISION To serve as a beacon for Black Women sharing common goals, coming together to establish a sisterhood dedicated to the collaborative pursuit of financing, fellowship, and scalable business ventures.

Rooted in a commitment to foster a supportive community, the organization strives to pave the way for future business owners by creating a robust pipeline of opportunities.

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In our quest to amplify impact, The BOW Collective actively seeks partnerships with other organizations that align with our purpose, recognizing that collective efforts are instrumental in achieving meaningful progress and lasting change.

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affluence

S. KATHRYN ALLEN ESQ. TREASURER & CHIEF FINANCIAL OFFICER

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Our approach to financial management within The BOW Collective is built on the pillars of strategic foresight and responsible stewardship. We firmly believe that embracing sound financial practices not only ensures the stability of our collective but also empowers us to spearhead impactful initiatives and foster sustainable growth. This commitment is our compass, guiding us toward a future characterized by resilience and prosperity for each and every member of The BOW Collective.

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PRISCILLA SIMS BROWN President & CEO | Amalgamated Bank

CAPITAL

Co-Chairs: S. KATHRYN ALLEN & THERESA HARRISON The core mission of The BOW Collective revolves around empowering its members by facilitating access to capital for business growth and scalability. Through the Capital Committee, chaired by S. Kathryn Allen and Theresa Harrison, we are committed to implementing strategic financial initiatives that not only enrich and diversify the avenues for capital acquisition but also establish a resilient and sustainable financial foundation for our members.

With an ultimate goal of fortifying financial networks, fostering collaboration, and exploring diverse investment avenues, the Capital Committee is dedicated to creating an environment that encourages growth and prosperity for all members of the BOW community.

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The Capital Committee takes a proactive approach to strategically managing and enhancing capital relationships within The BOW Collective. Working closely with strategic partners, the Committee facilitates meaningful financial discussions that contribute to both succession planning and business expansion for our members. By identifying and cultivating collaborative investment opportunities, including grants, lines of credit, term loans, and private equity, the committee aims to bolster the financial networks within the BOW community.

THE BOW CAPITAL CONFERENCE | NEW YORK NASDAQ

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A landmark event held on June 2nd, stood out as a pivotal and transformative gathering within the financial landscape. With a laser focus on pioneering wealthbuilding strategies, The BOW Collective assumed the role of host, orchestrating an extraordinary event that not only captured the spotlight but also attracted active participation from key influencers and thought leaders in the financial industry.

This conference emerged as a beacon for our members and professionals who were eager to explore progressive financial insights and seize new opportunities in the evolving landscape of wealth creation.

The profound impact of the conference was palpable, particularly in the significant addition of over 24 new members to The BOW Collective. This surge not only marked an expansion in numbers but also contributed to the diversification and fortification of our collaborative network. The event served as a testament to our unwavering commitment to fostering

knowledge exchange and strategic discussions, providing a dynamic platform where members could actively engage with cutting-edge wealth-building approaches.

Beyond the immediate success metrics, the BOW Capital Conference reaffirmed The BOW Collective’s standing as a trailblazing force, actively shaping and influencing the discourse surrounding wealth creation and financial empowerment. This event not only celebrated our collective achievements but also propelled us forward as leaders in driving positive change and innovation in the realm of financial strategies.

Members of The BOW Collective recently had the privilege of appearing on the Tamron Hall show, where they shared insights about the collective’s mission and activities. this platform provided an opportunity to showcase the impactful initiatives and endeavors undertaken by The BOW Collective, shedding light on our commitment to positive change and community betterment. the engaging conversation on the Tamron Hall show allowed us to reach a broader audience, spreading awareness about our collective efforts and inspiring others to join us in making a meaningful difference.

Members of The BOW Collective recently engaged in a series of dine-around events, fostering a purposeful and meaningful way for them to connect and get to know each other better. these gatherings went beyond casual meals, providing a platform for members to share experiences, insights, and aspirations. the dine-around initiative not only strengthened the bonds within The Collective but also contributed to a deeper understanding of each member’s unique perspectives and contributions. it exemplifies our commitment to building a cohesive and supportive community within The BOW Collective.

Members of The BOW Collective recently had the privilege of appearing on THE VIEW, where they shared insights about The Collective’s mission and activities. This platform provided an opportunity to showcase the impactful initiatives and endeavors undertaken by The BOW Collective, shedding light on our commitment to positive change and community betterment.

At the Capital Conference, our esteemed partner, Dekonti MendsCole of JP Morgan Chase, extends a warm welcome to our members. Over the past two years, The BOW Collective has experienced remarkable support from our capital partners, securing significant backing, including a generous $250,000 grant from JPMorgan Chase!

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CAPITAL CONFERENCE NEW YORK

The BOW Collective had the honor of meeting with the Honorable Eric Anderson, the MAYOR of NEW YORK, during our capital conference in june. this engagement provided a valuable opportunity for meaningful discussions and collaborations, further strengthening our commitment to positive impact and community development.

IMPACT Since 2022

15M

The total capital infusion that BOW Sisters received for their businesses, encompassing lines of credit, grants, and loans, has been substantial.

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CAPITAL PARTNERS

35%

The % of BOW Sisters who achieved more than a 20% growth in their businesses is noteworthy.

4

The count of members who advanced to a new membership level based on the growth of their businesses is significant.

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MAYOR OF NEW YORK JOINS THE BOW COLLECTIVE | Eric Leroy Adams is an American politician and former police officer, currently serving as the 110th mayor of New York City since 2022.

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COMMUNITY Co-Chairs: TICKI FAVAROTH, RACHEL TALTON, JANDIE TURNER, & CANDI DAILEY

We are unwavering in our dedication to each and every member of The BOW Collective, recognizing that our strength lies in the vibrancy of our community. At the heart of this commitment is the indispensable role played by the Community Committee, instrumental in creating an environment that is not only supportive but also rich with diversity and warmth.

Our pledge is not merely to create a community but to nurture a thriving, inclusive, and interconnected one within The BOW Collective. Operating under the banner of Community Engagement Excellence, we are committed to expanding our membership initiatives with a specific focus on our members. These initiatives are designed to go beyond the surface, fostering deeper and more meaningful connections within the community of Black women business owners. Our goal is to ensure that each member actively engages, participates, and experiences mutual benefit, thus contributing to the overall strength and vitality of our collective.

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Our range of responsibilities extends from the meticulous management of new memberships to the provision of personalized support during significant life events. With a keen focus on hospitality, the committee ensures that the unique and varied needs of our members are acknowledged and addressed. This involves the oversight of key initiatives such as the Ambassador’s Program, The BOW Institute, and the Certifiably Diverse platform, all crafted to elevate and optimize the experiences of our valued members. Guiding this effort are the capable Co-Chairs: Ticki Favaroth, Rachel Talton, Jandie Turner, and Candi Dailey.

business, relationships built on trust are the bedrock of success. Through our shared experiences and genuine connections, members get to know each other beyond the surface. This deeper understanding builds a foundation of trust that goes beyond professional collaborations, creating an environment where business partnerships flourish naturally.

In life and in business, the support we offer one another creates a ripple effect that extends far beyond individual achievements. Our community is a testament to the belief that when one succeeds, we all succeed. The bonds forged within The BOW Collective become a source of strength, inspiration, and empowerment. Together, we navigate the intricate tapestry of entrepreneurship, making our journey not just about building businesses but about building a legacy of shared successes and unwavering.

BOW SISTERS ON MARTHA’S VINEYARD

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At The BOW Collective, our sisterhood and community stand as the cornerstone of our identity, shaping a space where support transcends mere transactions, and connections extend far beyond business dealings.

We believe in fostering a community that not only thrives in the professional realm but also serves as a robust support system for every member’s personal journey.

‘‘Unlike any other community, this gathering embodies everything I’ve sought throughout my entire career.

It’s more than just a network; it’s a transformative force that empowers, inspires, and fulfills my aspirations.’’

BOW DENISE TAYLOR WTIH BONFIRE WINGS

In the intricate dance of business and life, our sisterhood becomes a powerful force. We understand that success is not solitary; it’s a collective achievement. Members support each other through the highs and lows of entrepreneurship, sharing experiences, insights, and valuable lessons learned. This interconnectedness creates a network that extends its arms globally, reaching across borders and cultures. No matter where in the world our members are, they find a community that resonates with their ambitions, challenges, and triumphs.

The significance of our community in the “know, like, and trust” concept is paramount. In the realm of

BOW SISTERS SUPPORTING BOW LASHELLE WILLIAMS-FRANKLIN

AND

FRANKLIN FOUNDATION.

THE

WILLIAMS

BOW LAJUANNA RUSSELL WITH BMA HOSTING

‘‘The BOW Collective transcends the definition of a mere community; it embodies the realization of my professional dreams. Within its nurturing space, my ambitions are not only acknowledged but also celebrated and uplifted by an extraordinary group of like-minded individuals.”

NEW MEMBER INTAKE | CANDIDATE FEEDBACK MEMBER INTAKE DATE: SEPTEMBER - DECEMBER

FEBRUARY - MAY

WINTER COHORT

SUMMER COHORT

(ALL MEMBERSHIP LEVELS)

(BOW ONLY BY RECOMMENDATION)

membership@thebowcollective.org

BOW ROMINA BROWN WITH FORMER PRESIDENT BARACK OBAMA AT THE CHANGE OF HOPE ENGAGEMENT

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BOW IN HER COMMANDERS SUITE!

INTEGRATING NEW MEMBERS INTO THE BOW COMMUNITY At the heart of The BOW Collective’s mission is the commitment to fostering a welcoming environment for the incorporation of new companies and CEOs. We strive to ensure that their integration into our community is not only smooth but also aligns seamlessly with the very essence of our mission and vision.

Our approach to integration is underpinned by five fundamental principles, each designed to cultivate a sense of belonging, purpose, and collaboration within our collective: INCLUSIVITY We embrace diversity and welcome a multitude of perspectives, recognizing that the strength of our community lies in the rich tapestry of experiences and backgrounds.

COLLABORATIVE ENGAGEMENT We promote active engagement and collaboration among our members, encouraging open dialogue, idea-sharing, and cooperative efforts to achieve collective success.

Since 2023, The BOW Collective has received over 5000 inquiries, necessitating a strategic approach to manage our intake in alignment with our operational capacity. Recognizing the crucial need expressed by numerous business owners, we have honed our focus and operational systems, enhancing the onboarding experience, thanks to a generous $250,000 grant from JP Morgan Chase.

Membership in The BOW Collective transcends mere connections; it is about cultivating an environment where our members can truly thrive. Through the years, we have accumulated invaluable lessons— addressing ethical considerations, navigating the highs and lows of our members’ businesses, and making pivotal decisions regarding scaling and growth. All these efforts converge with a singular goal: to establish and sustain a resilient organization for years to come.

Navigating challenges, we’ve essentially been flying the plane while building it, driven by the understanding of how indispensable this community is driven by every Black woman Founder & CEO. The lessons learned, the ethical considerations addressed, and the strategic decisions made all contribute to fortifying The BOW Collective’s foundation. As we continue to evolve, our commitment remains unwavering—to provide a platform where Black women Founders & CEOs can not only connect but also thrive and build enduring success stories.

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GUIDED PARTNERSHIPS By fostering partnerships and leveraging collective experiences, we offer guidance and support to newcomers, equipping them with the essential tools and knowledge to navigate the distinctive landscape of our community.

ALIGNMENT WITH VALUES We ensure that the values and goals of new companies and CEOs align harmoniously with the overarching mission and vision of The BOW Collective, fostering a cohesive and unified community.

CONTINUOUS LEARNING Embracing the spirit of lifelong learning, we facilitate opportunities for ongoing education and skill development, empowering all members to thrive and contribute meaningfully to the collective’s growth.

THE BOW COLLECTIVE JOINED FORCES WITH PEARLS EMPOW TO CREATE PROGRAMMING FOR YOUNG GIRLS TO START BU CEO PROGRAM FOR GIRLS FOR YOUR ORGANIZATION, PLEASE

A substantial cohort of our esteemed members not only excels in their roles as employers and entrepreneurs but also actively participates in philanthropic endeavors.

Their commitment to social responsibility transcends the boundaries of business, as they passionately invest in causes aimed at uplifting and supporting the broader community. This multifaceted engagement underscores a collective dedication within The BOW Collective to not only achieve success in the professional arena but also to contribute meaningfully to the greater social fabric.

These members recognize that true success is not solely measured by individual achievements but also by the positive influence one can wield in the community at large. Their philanthropic efforts serve as a testament to a shared ethos that emphasizes the importance of giving back and creating a lasting impact on societal well-being.

By extending their influence beyond the confines of traditional business roles, our members actively contribute to fostering a sense of social consciousness.

This commitment reflects the understanding that a thriving community is built on a foundation of collective efforts, empathy, and a genuine desire to uplift those in need. The philanthropic initiatives undertaken by our members go beyond monetary contributions; they represent a heartfelt investment in creating positive change, enriching lives, and leaving a lasting legacy that extends well beyond The BOW Collective. In doing so, our members exemplify the transformative power that a community driven by purpose and social responsibility can achieve.

WERMENT INC. AND THE RESTON VA CHAPTER OF LINKS, INC USINESSES. IF YOU ARE INTERESTED IN SPONSORING A BOW E EMAIL COMMUNITY@THEBOWCOLLECTIVE.ORG

HOW WE HELP This represents only a fraction of the philanthropic initiatives that our members actively endorse or personally spearhead. Within our community, a diverse range of charitable endeavors takes root, each driven by the passion and commitment of our members to make a positive impact on the world.

Whether it’s supporting local causes, championing global initiatives, or actively participating in community outreach programs, our members consistently demonstrate their dedication to philanthropy by contributing their time, resources, and expertise to create meaningful change.

LEUKEMIA & LYMPHOMA SOCIETY

BOW Sister Sophia Harris, a committed advocate, has recently taken on the role of ambassador for this remarkable organization.

TWELVE DAYS

The children’s literacy program receives backing from our BOW sisters, including Nicole, Keisha, Meedie, Nicole Roberts J, Marquel, Fatimah, and Michele.

WILLIAMS FRANKLIN FOUNDATION

BOW Sister LaShelle has dedicated her non-profit to providing support for scholarships at Historically Black Colleges and Universities (HBCUs).

AFRICAN ENTREPRENEUR FORUM

BOW Sister Karal extended invitations to numerous members to participate in the Africa Women Innovation & Entrepreneurship Forum (AWIEF). This award-winning pan-African organization focuses on women’s economic empowerment, holding a Special Consultative Status with the United Nations Economic and Social Council (ECOSOC). AWIEF is actively engaged in promoting women’s business leadership and entrepreneurship across Africa, contributing to the reduction of the gender gap.

ADISA INSTITUTE

BOW Sister Ticki has initiated a foundation aimed at fostering early career development and apprenticeship programs. This initiative extends support not only through her own company but also by collaborating with other organizations to promote skill-building opportunities for emerging talents.

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SUPPORTING OUR COMMUNITIES

MEANINGFUL EXPERIENCES

MEMBERS ARE CHANGING THE WORLD

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Within our vibrant community, the unwavering support among members is a cornerstone, creating a dynamic environment where individuals consistently come together to foster meaningful connections. These connections extend beyond mere interactions, evolving into enduring relationships that contribute to the overall strength of our community.

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INNOVATION

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Frederick Douglass said ‘Power concedes nothing without a demand. It never did and it never will.’ The BOW Collective is here to make a demand.

THERESA HARRISON HISTORIAN

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CONTRACTS

Commerical Co-Chairs: CIEMONE SHEPPARD, SOPHIA HARRIS, CHANEL DAVIS, & DURECIA MOORER The primary focus of The BOW is to support our members in securing contracts that enable the growth and scaling of their businesses.

We are dedicated to providing valuable resources, guidance, and networking opportunities to empower our members in navigating the landscape of business contracts. By fostering a supportive environment and offering strategic assistance, we aim to facilitate the successful acquisition of contracts that contribute to the sustained expansion and development of our members’ enterprises.

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The Commercial Committee, led by Co-Chairs Ciemone Sheppard, Sophia Harris, Chanel Davis, and Durecia Moorer, serves as a linchpin in fortifying corporate connections within The BOW Collective. At the heart of their mission is the meticulous tracking of corporate affiliations and the cultivation of strategic partnerships that benefit the organization as a whole.

In close collaboration with the Advisory Board Committee, the Commercial Committee focuses on identifying corporate members capable of offering valuable advice and making strategic investments in The BOW Collective. Their multifaceted responsibilities encompass advising BOW members who seek collaborations with corporations and orchestrating dine-around events. These events serve as dynamic platforms for fostering meaningful connections among BOW members and businesses, creating an environment conducive to collaboration and growth.

Essentially, the Commercial Committee plays a pivotal role in strengthening the ties between The BOW Collective and corporate entities. Through their efforts in driving collaborations and creating opportunities, the committee empowers BOW businesses to not only navigate the corporate landscape but also to thrive within it, fostering an environment of innovation, collaboration, and sustained success.

Government Co-Chairs: MICHELLE TAYLOR & FATIMAH MOODY The Government Committee, led by Co-Chairs Michelle Taylor and Fatimah Moody, is passionately committed to cultivating meaningful relationships and unlocking opportunities within the government sector.

At the core of its mission, the committee actively equips and guides members who aspire to collaborate with government organizations, fostering connections with key partners in this influential domain.

Central to the committee’s mandate are key responsibilities aimed at fortifying the presence of BOW businesses in the government landscape. This includes the identification of procurement officers dedicated to supporting BOW enterprises, as well as the strategic attraction of government agencies, including conference officers, to actively participate in BOW Conferences. Additionally, the committee orchestrates dine-around sessions, providing BOWs with a platform to explore and cultivate new business opportunities in the dynamic government sector.

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In essence, the Government Committee plays a pivotal role in constructing pathways for BOW businesses to not only navigate but also thrive within the intricacies of the government sector. By facilitating strategic partnerships, creating networking opportunities, and actively engaging with procurement avenues, the committee empowers BOW members to seize new horizons and unlock the potential for unprecedented growth and success within the government arena.

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champion

AIMEE GRIFFIN, ESQ GENERAL COUNSEL

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Championing the cause through policy and advocacy is not merely a commitment; it’s a powerful declaration of our collective voice, driving transformative change and shaping a future where justice, equality, and progress reign supreme.

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CHAMPIONS | ADVOCACY Co-Chairs: AIMEE GRIFFIN, ESQ & MARIKO BENNETT

The Advocacy Committee at The BOW Collective is unwaveringly committed to championing community interests, raising awareness, and advocating for pivotal policy changes. This dedicated committee actively engages our members in the pursuit of building compelling arguments, mobilizing widespread support, fostering meaningful relationships with stakeholders, and employing a diverse array of advocacy forms, including lobbying, public speaking, and leveraging social media platforms.

The evolution of our advocacy efforts led to a pivotal decision in establishing a Political Action Committee (PAC).

This strategic move amplifies our collective voice, enabling The BOW Collective to actively contribute to shaping policies that align with our community’s values and priorities.

Through continuous engagement, impactful initiatives, and strategic advocacy, the Advocacy Committee stands as a driving force behind the collective’s commitment to effecting positive societal change and shaping a future that aligns with our shared vision and values.

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This dynamic committee’s overarching mission is to effect positive change and elevate The BOW Collective by bringing crucial awareness to issues that resonate with the BOW community and extend beyond its boundaries. In a landmark moment in 2023, The BOW Collective took a significant step by making its inaugural appearance on Capitol Hill, engaging with lawmakers to address critical concerns and advocate for transformative policies.

CHAMPIONS ADVISORY Co-Chairs: NICOLE COBER, DEE MARSHALL, RICKI FAIRLEY, & VERNICE ARMOUR The Advisory Board is meticulously established with a clear purpose and intention — to unite a formidable collective of subject matter experts, seasoned business leaders, and individuals propelled by an unwavering passion, all of whom are deeply committed to championing the cause of diverse-owned businesses. At its core, this board represents a reservoir of knowledge, experience, and dedication, with a shared goal of fostering support and empowerment for Black women business owners.

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Designed to be more than just an assemblage of accomplished individuals, the Advisory Board assumes a pivotal role within our organization. Its primary function is to provide invaluable guidance, leveraging the wealth of expertise within its ranks to propel The BOW Collective forward. Through collaborative efforts and a diversity of perspectives, the Advisory Board acts as a guiding force, steering our mission to empower and elevate Black women business owners.

This distinguished board serves as a strategic compass, navigating the complexities of entrepreneurship and advocating for initiatives that advance our collective mission. By offering insights, mentorship, and strategic direction, the Advisory Board becomes an integral part of our journey, ensuring that our community not only survives but thrives in the dynamic landscape of business ownership. Together, with the Advisory Board’s unwavering support, we forge ahead to create an environment where Black women entrepreneurs can flourish, innovate, and redefine the future of business.

SELECTION OF BOW ADVISORY BOARD MEMBERS In the transformative year of 2023, we strategically formulated a comprehensive plan and meticulous process to launch both our Political Action Committee (PAC) and the esteemed BOW Advisory Board. These initiatives mark pivotal milestones in our commitment to empowering Black women business owners and furthering our collective mission.

• Demonstrated Commitment: Candidates must showcase a tangible and sustained commitment to the mission of supporting Black women business owners, reflecting a genuine dedication to our cause.

• Advocacy or Allyship: Successful candidates should possess a proven track record of advocacy or passionate allyship for Black women business owners, demonstrating a deep understanding of the challenges and opportunities within this community.

• Community Significance: Candidates with a notable presence and impact in two or more business communities and/or networks will be prioritized, ensuring a broad spectrum of influence and representation.

• Advisory Experience: While not mandatory, candidates with previous advisory board experience or a demonstrated track record of advocating for diverse-owned businesses will be advantageous, bringing valuable insights to the table.

• Willingness to Contribute: Prospective board members must exhibit a genuine willingness to contribute their expertise and insights to The BOW Collective, actively participating in initiatives that drive our mission forward.

• Industry Influence: Candidates are expected to hold a level of influence within their respective industry, ensuring diverse perspectives and a broad spectrum of expertise within the Advisory Board.

In 2023, we were able to identify ten (10) members who will assemble as an Advisory Board that not only reflects the diversity of our community but also brings unparalleled expertise and passion to the table. Through the strategic selection of individuals who embody our values and mission, the Advisory Board will play a pivotal role in guiding The BOW Collective toward greater heights of success and impact.

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Concerning the Advisory Board, the selection process is methodically designed to ensure a diverse, impactful, and dedicated group of individuals. Upon meticulous review and subsequent approval by The BOW Collective Nominating Committee, the selection of Advisory Board Members is guided by the following discerning criteria:

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JASMINE FELICIA CROCKETT

U.S. representative from Texas’s 30th congressional district

Launching a PAC involves careful planning, legal compliance, and strategic considerations. As a committee, we’ve consulted with legal experts to ensure we comply with all relevant regulations throughout the process. Here’s our process: • LEGAL ELIGIBILITY: Ensure that individuals involved in launching the PAC meet legal eligibility requirements and are in compliance with campaign finance laws.

• ALIGNMENT WITH MISSION: The establishment of the PAC should align with the overall mission and goals of the organization or community it represents.

• STRATEGIC ALIGNMENT: The PAC’s purpose and objectives should align strategically with the political and advocacy goals of the organization or community.

• FINANCIAL VIABILITY: Assess the financial viability of the PAC, ensuring that there are sufficient resources to fund its activities and support its mission.

• COMMUNITY SUPPORT: Gauge community support for the PAC’s initiatives, seeking endorsements or partnerships from key stakeholders.

• POLITICAL IMPACT: Consider the potential political impact of the PAC’s activities, including its ability to influence elections or policy decisions.

45 | The BOW Collective Annual Report 2023

• TRANSPARENCY AND ACCOUNTABILITY: Establish mechanisms for transparency and accountability in the PAC’s operations, including clear reporting procedures and adherence to legal requirements.

ADVANCE

46 | The BOW Collective Annual Report 2023

We propel our organization forward by harnessing the power of communication and technology, ensuring a seamless connection within our community and beyond. Through innovation, we foster unity, amplify voices, and create a dynamic network that transcends boundaries, both internally and externally.

DR. KEISHA MACK SECRETARY

47 | The BOW Collective Annual Report 2023

48 | The BOW Collective Annual Report 2023

NICOLE A. ELAM, ESQ.

NIKITA PEARSON

President & CEO at National Bankers Association

Federal Deposit Insurance Corporation (FDIC)

COMMUNICATIONS & IT

Furthermore, the committee is actively involved in developing an engaging newsletter, overseeing the 8A subcommittee, and ensuring seamless integration with the Certifiably Diverse platform and IT. The Communications Committee plays a vital role in advancing the organization’s brand, fostering connections with BOW members, and optimizing outreach efforts. Notably, this year saw the successful implementation of several new technology improvements, including our partnerships with Certifiably Diverse, the BOW App, and enhancements to our conference systems.

49 | The BOW Collective Annual Report 2023

Co-Chairs: DR. KEISHA MACK & KEISHA RIVERS & ALEGRA HALL Effective communication and technology play a crucial role in our collective. The Communications Committee is strategically dedicated to shaping and promoting The BOW Collective’s image and messages. Its responsibilities encompass crafting a dynamic Social Media Calendar, curating compelling speaker topics for BOWs to enhance their brand and market their businesses, and nurturing media relationships.

50 | The BOW Collective Annual Report 2023

PRESS 130 BLACK OWNERS AND WOMEN (BOW) WORTH $450 MILLION TAKE CENTER STAGE ON NASDAQ TRADING FLOOR ht t p s : // w w w.wav y. co m / b u s i n e s s /p re s s - re l e a s e s /e i n presswire/636975661/130-black-owners-and-women-bowworth-450-million-take-center-stage-on-nasdaq-trading-floor/

THE BOW KNOWS...BUSINESS WITH NIC COBER https://thebowknowsbusiness.buzzsprout.com/

The BOW Collective has embarked on a strategic initiative to elevate our media presence, resulting in significant traction and visibility. Through purposeful engagement, compelling storytelling, and strategic outreach, we’ve successfully expanded our footprint across various media platforms. This intentional effort is not merely about gaining attention; it’s a reflection of our commitment to amplifying the voices and stories within our community. As we continue to navigate the ever-evolving landscape of media, our collective impact grows, reaching new audiences and fostering a broader understanding of the profound contributions and successes of Black women entrepreneurs within The BOW Collective.

IMPACT Since 2022

500K

BOW NATION FOLLOWERS

50 OF THE NATION’S TOP BLACK WOMEN BUSINESS OWNERS JOIN FORCES TO ACCESS MORE CONTRACTS, CAPITAL AND COMMUNITY https://www.prnewswire.com/news-releases/50-of-thenations-top-black-women-business-owners-join-forces-toaccess-more-contracts-capital-and-community-301466841. html

26

THE BLACK OWNER & WOMEN (BOW) KNOWS BUSINESS PODCAST EPISODES

10

SPEAKING ENGAGEMENT

https://www.bizjournals.com/washington/news/2022/09/13/ bow-collective-black-women-business-owners.html

SEN. CHUCK SCHUMER WELCOMES TOP 1% OF BLACK WOMEN BUSINESS OWNERS TO THE EMPIRE STATE https://www.blackenterprise.com/new-york-senator-welcomesblack-women-business-owners-to-new-york/

51 | The BOW Collective Annual Report 2023

STRENGTH IN NUMBERS: BLACK WOMEN ENTREPRENEURS TEAM UP TO WIN CONTRACTS

EXPECTATION

52 | The BOW Collective Annual Report 2023

We are constructing more than just operations; we are forging a resilient foundation designed to sustain our members and organization for years to come. In every strategic decision, we lay the bricks of longevity, ensuring that The BOW Collective thrives as a steadfast pillar of support and success.

TICKI FAVAROTH VICE PRESIDENT & CHEIF OPERATING OFFICER

53 | The BOW Collective Annual Report 2023

OPERATIONS Last year marked a transformative phase for The BOW Collective as we strategically fortified our operations to better serve our community. These operational advancements signify our commitment to continuous improvement and adaptability. By leveraging technology, refining our membership approach, and establishing a robust operational framework, we are poised to meet the evolving needs of our community and pave the way for sustained growth and impact in the years to come. Here are the key details of our operational enhancements:

54 | The BOW Collective Annual Report 2023

• MEMBERSHIP APPROACH REINVENTION: We underwent a comprehensive overhaul of our membership approach, introducing innovative strategies to cater to the evolving needs of our community. Implemented a dynamic and inclusive approach to membership engagement, ensuring that each member feels valued and supported in their unique journey.

• Technological Advancements: Infused new technology across various aspects of our operations to enhance efficiency and user experience. Introduced “Certifiably Diverse,” a cuttingedge platform aimed at recognizing and promoting diversity within our community, fostering inclusivity and collaboration.

Launched the BOW App, providing members with a seamless digital experience, facilitating easy communication, access to resources, and enhanced networking opportunities. Integrated new conference booking technology, streamlining the event planning process and ensuring a smoother experience for both organizers and attendees.

• Dedicated Operating Team: Established a specialized operating team dedicated to supporting the diverse needs of our community and ensuring the seamless execution of our initiatives. This team focuses on providing responsive assistance, troubleshooting, and personalized support to enhance the overall member experience.

• Strategic Planning Overhaul: Introduced a new annual strategic planning process, empowering leaders within The BOW Collective to develop both long-term and short-term plans. This strategic planning approach facilitates a forward-looking vision, enabling us to grow and scale our organization strategically. Leaders actively engage in the development of initiatives that align with our mission, ensuring that we remain at the forefront of empowering Black women business owners.

The cornerstone of our long-term strategy lies acquisition, the strategic securing of impactful engagement, and the deliberate cultivation of ch

Membership Growth Goal: Reach over 500 BOW members, 750 Sister Business Owners, and 1000+ StartHER ScaleHER members globally by 2025.

Strategy: Regularly assess membership growth, media recognition, global expansion, and collaboration efforts. Adjust strategies based on performance data to stay on track toward achieving the outlined objectives.

Strategic Partnerships Goal: Form strategic partnerships to support growth and outreach.

Strategy: Identify potential partners aligned with the organization’s mission.

Collaborate on joint initiatives, events, or programs that mutually benefit both organizations.

Global Presence

Strategy: Implement targeted membership acquisition campaigns, engage in outreach and networking, and provide valuable programs and services to attract and retain members.

07

Goal: Expand the organization’s reach beyond local boundaries to establish a global presence.

Strategy: Leverage online platforms and technology for virtual engagement. Establish partnerships and affiliations with international organizations.

Tailor programs to address the needs of a diverse global membership.

01 02

06

Media Recognition Goal: Be featured in prominent media outlets.

05 Online Presence

Goal: Enhance the organization’s online visibility and engagement.

Strategy: Optimize the organization’s website, leverage social media platforms, and create compelling digital content. Use online channels to connect with a broader audience and attract new members.

03 04

Strategy: Develop a comprehensive media relations strategy, actively engage with journalists, and create compelling press releases.

Showcase innovative initiatives and collaborative efforts within the organization.

Innovation and Collaboration Goal: Focus on innovative and collaborative efforts within the organization.

Strategy: Foster a culture of innovation among members and encourage collaboration through partnerships and joint initiatives.

Showcase unique programs and projects that distinguish The BOW Collective.

As we reflect on the accomplishments of the support that has propelled us forward. Lookin framework, ensuring that it continues to be the path of impact and excellence, making significan

We thank all of our members, partners, and cha

CAPTIAL

MI S

Goal: Establish key performance indicators (KPIs) to track progress towards the 2025 goals.

This past fiscal year witnessed the seamless alig our organizational stance and propelling us towa not only to thrive but to leave an indelible, positi

COMMUNICATIONS

C

ON SI

O

M

Six Organizational Strat 55 | The BOW Collective Annual Report 2023

Monitoring and Evaluation

Vision 2026 Strategic Plan 2022 - 20

These institutional strategies will guide our desi

1. Capital Acquisition: Implement strategic fina acquisition, ensuring a robust and sustainab 2. Impactful Contracts: Develop and execute contracts to grow our members businesses.

3. Community Engagement Excellence: Grow and meaningful connection within the blac engagement, participation, and mutual bene 4. Champion Relationships: Establish and nurtu passionate about and actively champion our to our success.

5. Alignment for Organizational Fortification: C term strategy, ensuring that every initiative maximizing our impact.

6. Positive Impact: Evaluate and enhance the e impact not only within our community but a and advancement.

VISION 2026 The cornerstone of our long-term strategy lies in the meticulous optimization of our initiatives in capital acquisition, the strategic securing of impactful contracts, the intentional fostering of robust community engagement, and the deliberate cultivation of champions who ardently champion our mission.

This past fiscal year witnessed the seamless alignment of our efforts in these pivotal domains, fortifying our organizational stance and propelling us toward sustainable growth. This strategic synergy positions us not only to thrive but to leave an indelible, positive mark on our community and the broader sphere.

As we reflect on the accomplishments of the past year, we express our gratitude for the unwavering support that has propelled us forward. Looking ahead, we are committed to leveraging this strategic framework, ensuring that it continues to be the driving force behind our endeavors. Together, we forge a path of impact and excellence, making significant strides toward our collective vision.

C

, VISION, VA L

CONTRACTS

S

COMMUNICATIONS

MI S

CAPTIAL

ON SI

UE

56 | The BOW Collective Annual Report 2023

We thank all of our members, partners, and champions for being an integral part of our journey.

O

M M

U N

IT

Y

CHAMPIONS

SIX ORGANIZATIONAL STRATEGIES These institutional strategies will guide our decisions over the course of the next three years: 1. CAPITAL ACQUISITION: Implement strategic financial initiatives to enhance and diversify access to capital acquisition, ensuring a robust and sustainable financial foundation for our members.

2. IMPACTFUL CONTRACTS: Develop and execute a targeted approach to identify, secure, and maximize contracts to grow our members businesses.

3. COMMUNITY ENGAGEMENT EXCELLENCE: Grow our membership initiatives aimed at fostering a deep and meaningful connection within the Black women business owners community, ensuring active engagement, participation, and mutual benefit.

5. ALIGNMENT FOR ORGANIZATIONAL FORTIFICATION: Continuously align our organizational efforts with our long-term strategy, ensuring that every initiative contributes to fortifying our position in the market and maximizing our impact.

6. POSITIVE IMPACT: Evaluate and enhance the effectiveness of our initiatives to ensure a lasting positive impact not only within our community but also in broader spheres, contributing to societal wellbeing and advancement.

57 | The BOW Collective Annual Report 2023

4. CHAMPION RELATIONSHIPS: Establish and nurture relationships with key individuals and entities who are passionate about and actively champion our mission, creating a network of advocates who contribute to our success.

FINANCIAL REPORT STATEMENT OF ACTIVITIES CONSOLIDATED UNAUDITED STATEMENT OF ACITIVITIES Janauary 1, 2023 - December 31, 2023

2022

2023

TOTAL REVENUES

$0 $100,000 $0 $5,000 $105,000

$250,000 $426,750 $341,382 $165,000 $1,183,132

TOTAL EXPENSES

$0 $50,000 $60,000 $0 $60,000 $170,000

$125,000 $620,000 $120,000 $8,000 $93,500 $966,500

$65,000 $0

$0 $0

NET INCOME*

$0

$216,632

NET ASSETS AT THE BEGINNING OF THE YEAR NET ASSETS AT END OF YEAR

$0 $0

$20,000 $216,632

OPERATING REVENUES Grants Membership Dues & Application Fees** Events & Program Revenue Partnership Revenue

OPERATING EXPENSES InvestmentS (CD) Events & Programs Operations Development & Fundraising General & Administrative

OPERATING INCOME (LOSS) OTHER INCOME (LOSS)

* The BOW Collective is presently awaiting the conclusive financial information from our CPA. **Includes Winter 2024 cohort

58 | The BOW Collective Annual Report 2023

Partnership Revenue $156,000

Program Revenue $341,382

Grants $250,000 $620,000

Membership Dues $426,750

$120,000

$125,000

$93,500 $8,000

Investment (CD)

Sources of Revenues

Events & Programs

Operations

Development & Fundraising

Sources of Expenses

General & Administrative

CHAIRS & CO-CHAIRS

Contracts, Government

BOW Michelle Taylor Contracts, Government

BOW Mariko Bennett

BOW Dee C. Marshall

BOW Vernice Armour Champions, Advisory Board

Champions, Advisory Board

BOW Ciemone Sheppard

BOW Durecia Moorer

BOW Sophia Harris

BOW Chanel Davis

BOW Rachel Talton

BOW Candi Dailey

BOW Jandie Smith Turner

SHSH Kimberley Alfonso

Champions, Advocacy

Contracts, Commercial

Community, Member Experience

Champions, Advisory Board

Contracts, Commercial

Community, Events

Dr. Nicole Roberts Jones Community, SBO

Contracts, Commercial

Community, Events

Keisha A. Rivers

Communications & IT

Alegra Hall

Communications & IT

BOW Ricki Fairley

Contracts, Commercial

Community, SHSH

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BOW Fatimah Moody

60 | The BOW Collective Annual Report 2023

CONGRESSWOMAN MAXINE WATERS (CA-43)

Ranking Member of the Financial Services Committee Awarded BOW Trailblazer Award

MEMBERSHIP

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Membership is the lifeblood of The BOW Collective.

It is through the strength and commitment of our members that we have forged this vibrant community of Black women business owners. Their unwavering dedication, diverse expertise, and shared aspirations form the bedrock of our collective success. Together, we transcend individual accomplishments to create a dynamic space where support, collaboration, and empowerment flourish—a testament to the integral role our members play in shaping the essence and impact of The BOW Collective.

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Membership

04

120

47

34

Emerald BOW Members

SBO Members

BOW-Level Members

SHSH Members

In 2023, we had the pleasure of welcoming 79 amazing individuals into The BOW Collective, which has now grown to a total of 203 successful Black women.

BOW-LEVEL: offers businesses with a $1M revenue threshold a transformative path to scalable growth. Through tailored mentorship, comprehensive training, and facilitated access to valuable business opportunities from our esteemed BOW members and corporate partners, this membership provides a unique opportunity for growth.

SISTER BUSINESS OWNERS (SBOs): empowers business owners within the $250K-$1M range to scale. Through mentorship, training, and exclusive business opportunities facilitated by BOW members and corporate partners, SBOs gain valuable support for their growth journey.

StartHER, ScaleHER (SHSH): exclusively designed for business owners leading startups with revenues below $100K. These members are driven by the goal of achieving growth through specialized mentorship, targeted training, and valuable access to contract opportunities.

63 | The BOW Collective Annual Report 2023

EMERALD BOW: exclusive designation for accomplished business owners generating $100M+ in revenue. Members at this level are dedicated to supporting fellow Black women in business, making iconic impacts as entrepreneurs and philanthropists. Emerald Bows’ mission is to collaborate with, strengthen, and celebrate the achievements of Black women entrepreneurs.

IMPACT Since 2022

5K

60 %

3%

59%

13%

100%

The # of applications in our pipeline refers to the volume of submissions or requests that are currently under consideration or in progress within our system.

The membership of The BOW experienced growth from 2022 to 2023, showcasing a positive and upward trajectory during this period.

The % of candidates who completed the membership process successfully navigated the application and met the criteria for becoming members.

Our partnerships saw a significant increase, jumping from 2 to 16—a noteworthy expansion

BOW MEMBERSHIP LEVELS ALL STATES % OF MEMBERSHIP 2022 (43 BOWS)

47 %

2023 (49 BOWS)

53 %

SBO

64 | The BOW Collective Annual Report 2023

ALL STATES % OF MEMBERSHIP 2022 (7 SBO)

35 %

2023 (13 SBO)

65 %

SHSH ALL STATES % OF MEMBERSHIP 2022 (0 SHSH) 2023 (11 SHSH)

0% 100 %

The % of members who did not renew or were not extended an offer to continue membership.

Secured a substantial grant from JPMC (JPMorgan Chase & Co.), marking a significant milestone in our funding achievements.

US COMMERCE UNDERSECRETARY DONALD CRAVINS

65 | The BOW Collective Annual Report 2023

ARIEL INVESTMENTS CO-CEO JOHN ROGERS

66 | The BOW Collective Annual Report 2023

IMPACT Making an Impact The Bow Collective, from its inception to the present is a dynamic landscape. Our organization is committed to driving meaningful change and has identified several areas where we want to advance.

We have created meaningful impactful projects for our new members to add to our overall narrative. Together we can all move the Collective forward - highlighting the collective achievements, shared vision, and the profound impact of collaboration.

Amidst this paradigm shift, new members of The BOW will find themselves at the forefront of a transformative journey. Our projects will help us explore how the collective navigates challenges, seizes opportunities, and forges ahead, positioning itself as a driving force in an ever-evolving business landscape. From community outreach programs to sustainability initiatives, these projects reflect our commitment to social responsibility, inclusivity, and innovation.

67 | The BOW Collective Annual Report 2023

Impact Projects This year, projects have been carefully curated endeavors designed to create positive change within our community and beyond. As mentioned previously, we are creating a “Paradigm Shift” that encapsulates the essence of change — a departure from the familiar and a venture into uncharted territories. Our 2024 Impact Projects will collectively break through traditional barriers, embracing new ideas, and together, we will redefine the contours of success.

2024 PROJECTS • PROMOTE BOW SUPPLIER DIVERSITY PORTAL • DEVELOP PROCESS FOR BOW SUPPLIER NEWS • DEVELOP RECOMMENDATIONS ON DUES, EVENT PAYMENTS, ETC. • DEVELOP BOW ON BOARDS PROGRAM • DEVELOP BOW SPEAKERS BUREAU • DOCUMENT THE HISTORY OF THE BOW COLLECTIVE • DEVELOP CONTENT FOR THE BOW ANNUAL REPORT 2025 • DESIGN WELCOME EXPERIENCE FOR CONFERENCES • DESIGN WELCOME EXPERIENCE FOR ADVISORY BOARD • DEVELOP PROCESS TO CAPTURE BOW WINS 68 | The BOW Collective Annual Report 2023

• DEVELOP PROCESS TO HIGHLIGHT STORIES BY CATEGORY • IMPROVE INTAKE AND ONBOARDING EXPERIENCE & GROWTH STRATEGY • DEVELOP A COFFEE TABLE BOOK FOR BOW COLLECTIVE • DESIGN AND DEPLOY WELLNESS EDUCATION AND EXPERIENCE

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OUR MEMBERS

70 | The BOW Collective Annual Report 2023

The cohesive strength of our entire collective lies in the diverse and dedicated individuals who form our membership. Without their unwavering dedication and steadfast commitment, our existence would be an unattainable feat. Our members are not merely participants; they are the driving force that propels us forward in our shared mission. Each member contributes a unique blend of passion and expertise, infusing vitality into every facet of our collective endeavors. Our collective efforts create a dynamic synergy, forming the essence of our community and giving life to our overarching goals and aspirations. In recognizing and celebrating the invaluable contributions of our members, we acknowledge that their commitment is the foundation upon which our collective success is built.

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OUR MEMBERS GATHERED AT THE KENNEDY CENTER TO EXPERIENCE THE MAXWELL CONCERT.

OUR SUPPORTERS & PAR

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The BOW Collective would like to express our heartfelt gratitude to our incredible partners for their unwaver role in helping numerous Black women advance in their careers and pursue their dreams. We couldn’t have d their generous support.

RTNERS

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ring support throughout the year. We genuinely appreciate your contributions, as they have played a crucial done it without you! We would like to take this opportunity to recognize and thank these organizations for

78 | The BOW Collective Annual Report 2023

HAPPY 2ND

Anniversary

CONCLUSION In drawing the curtains on this annual report, we unveil a comprehensive narrative that goes beyond mere statistics and financial figures. It is a living testimony to the collaborative endeavors and steadfast commitment of our exceptional team, dedicated stakeholders, and engaged community. As we reflect on the past year, we see more than a series of accomplishments and challenges; we witness a tapestry woven with the threads of shared dedication and tireless efforts.

As we turn the page to embrace a new chapter, we do so with optimism and excitement. With the support and dedication witnessed throughout the past year, we are emboldened to embark on another twelve months of impactful initiatives, shared successes, and the collective pursuit of our mission. Together, we look forward to not only facing challenges head-on but also turning them into opportunities for positive change and growth. The journey ahead holds the promise of furthering our mission, making a lasting impact, and building upon the foundation of collaboration and dedication that defines our organization.

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In the intricate web of our mission’s complexities, we discover not only hurdles to overcome but also wellsprings of inspiration derived from the collective progress achieved and the invaluable lessons learned. The challenges we faced have become stepping stones, paving the way for greater accomplishments and serving as a foundation for sustained growth in the years to come.

Behind every success story and milestone reached, there lies the collective spirit of our team, the support of our stakeholders, and the engagement of our community. It is with profound gratitude that we acknowledge and appreciate the unwavering dedication and contributions of all those involved. Each effort, no matter how small, has played a crucial role in our shared journey.

For More Information, Contact us at partners@thebowcollective.org 214.807-0413