Form 990 for tax year 2022
Filed by WOMENS ECONOMIC SELF-SUFFICIENCY TEAM CORP.
Totals
- Total revenue
- $3,404,509
- Total expenses
- $3,329,612
- Contributions and grants received
- $3,130,161
- Grants paid
- $0
- Program service revenue
- $327,017
- Investment income
- $0
- Other revenue
- -$52,669
- Total assets, end of year
- $11,077,017
- Total liabilities, end of year
- $1,308,686
- Net assets or fund balances, end of year
- $9,768,331
- Program services expenses (Part IX)
- $2,876,232
- Management and general expenses
- $319,309
- Fundraising expenses
- $134,071
- Program service expenses (Part III)
- $2,876,232
Program services were 86.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$192,942
-
1e · Government grants (contributions)
$1,734,781
-
1f · All other contributions, gifts and grants
$1,202,438
-
1g · Noncash contributions included above
$9,058
-
2a · Program service revenue: INCUBATOR MEMBERSHIP
total $287,161 · related or exempt $287,161
-
2b · Program service revenue: LOAN INTEREST/FEES
total $27,756 · related or exempt $27,756
-
2c · Program service revenue: CONSULTING & TRAINING
total $12,100 · related or exempt $12,100
-
8a · Fundraising events: contributions included on line 1c
$192,942
-
8b · Fundraising events: direct expenses
$52,669
-
8c · Net income from fundraising events
total -$52,669 · excluded -$52,669
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $236,627 · program services $198,767 · management and general $23,662 · fundraising $14,198
-
7 · Other salaries and wages
total $1,540,406 · program services $1,293,941 · management and general $154,041 · fundraising $92,424
-
8 · Pension plan contributions
total $25,068 · program services $21,057 · management and general $2,507 · fundraising $1,504
-
9 · Other employee benefits
total $145,224 · program services $121,988 · management and general $14,522 · fundraising $8,714
-
10 · Payroll taxes
total $127,795 · program services $107,348 · management and general $12,779 · fundraising $7,668
-
11b · Fees: legal
total $259 · program services $246 · management and general $13
-
11c · Fees: accounting
total $25,728 · program services $24,441 · management and general $1,287
-
11g · Fees: other
total $304,015 · program services $272,328 · management and general $30,034 · fundraising $1,653
-
12 · Advertising and promotion
total $251,453 · program services $251,351 · management and general $102
-
13 · Office expenses
total $177,434 · program services $158,046 · management and general $16,652 · fundraising $2,736
-
16 · Occupancy
total $106,717 · program services $101,134 · management and general $5,583
-
17 · Travel
total $33,614 · program services $31,933 · management and general $1,681
-
20 · Interest
total $3,041 · management and general $1,351 · fundraising $1,690
-
22 · Depreciation, depletion and amortization
total $217,152 · program services $184,466 · management and general $32,686
-
23 · Insurance
total $28,875 · program services $24,543 · management and general $4,332
-
24a · Other expenses: DUES AND FEES
total $46,031 · program services $39,126 · management and general $4,604 · fundraising $2,301
-
24b · Other expenses: TRAINING
total $23,655 · program services $20,106 · management and general $2,366 · fundraising $1,183
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $17,428 · program services $17,428
-
24d · Other expenses: MISCELLANEOUS
total $10,032 · management and general $10,032
-
24e · All other expenses
total $9,058 · program services $7,983 · management and general $1,075
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $563,185 · end of year $86,767
-
2 · Savings and temporary cash investments
beginning of year $3,052,115 · end of year $2,515,591
-
3 · Pledges and grants receivable
beginning of year $293,069 · end of year $1,109,102
-
7 · Other notes and loans receivable
beginning of year $578,417 · end of year $832,116
-
9 · Prepaid expenses and deferred charges
beginning of year $33,129 · end of year $42,783
-
10a · Land, buildings and equipment: cost or other basis
$9,139,098
-
10b · Land, buildings and equipment: accumulated depreciation
$2,716,510
-
10c · Land, buildings and equipment, net
beginning of year $6,603,794 · end of year $6,422,588
-
15 · Other assets
beginning of year $27,547 · end of year $68,070
-
17 · Accounts payable and accrued expenses
beginning of year $115,858 · end of year $89,057
-
19 · Deferred revenue
beginning of year $89,118
-
21 · Escrow or custodial account liability
beginning of year $14,643 · end of year $16,642
-
23 · Secured mortgages and notes payable
beginning of year $760,187 · end of year $675,392
-
24 · Unsecured notes and loans payable
beginning of year $440,377 · end of year $448,896
-
25 · Other liabilities
beginning of year $29,120 · end of year $78,699
-
27 · Net assets without donor restrictions
beginning of year $8,897,462 · end of year $8,359,390
-
28 · Net assets with donor restrictions
beginning of year $804,491 · end of year $1,408,941
Mission and programs · 2022
Mission
WESST'S MISSION IS TO BE A HOME TO ENTREPRENEURS. WE PROVIDE A SUPPORT SYSTEM OF CONSULTING, TRAINING, INCUBATION AND LENDING TO HELP CLIENTS SUCCESSFULLY STRENGTHEN AND GROW THEIR BUSINESSES (CONTINUED ON SCHEDULE O)
-
FOUNDED IN 1988, WESST IS COMMITTED TO DIVERSITY, EQUITY AND INCLUSION IN OUR ECONOMY. TO THIS END, WESST TARGETS ITS SERVICES TO WOMEN, PEOPLE OF COLOR, LOW-WEALTH INDIVIDUALS AND OTHER MARGINALIZED POPULATIONS WHO FACE SIGNIFICANT CHALLENGES IN STARTING AND GROWING A SUCCESSFUL BUSINESS. WESST OFFERS COMPREHENSIVE BILINGUAL BUSINESS SERVICES FROM THE PRE-STARTUP STAGE THROUGH GROWTH AND REPOSITIONING. OVER THE PAST 3 DECADES, WESST HAS FACILITATED THE START-UP OF 2,760 NEW BUSINESSES, THE CREATION OF 5,688 NEW JOBS AND OVER 11.0 MILLION LOANED TO A CLIENT BASE WHICH IS 65% FEMALE, 65% MINORITY AND 60% PERSONS OF LOW WEALTH. HEADQUARTERED IN ALBUQUERQUE, WESST SERVES THE ENTIRE STATE OF NEW MEXICO THROUGH ITS REGIONAL OFFICE NETWORK IN FARMINGTON, HOBBS, LAS CRUCES,(CONTINUED ON SCHEDULE O).
Expenses $2,266,770 · Revenue $287,161
-
FINANCIAL ASSISTANCE: AT DECEMBER 31, 2022, WESST HAD 78 LOANS OUTSTANDING TOTALING APPROXIMATELY 832,116. THESE LOANS ARE FOR SMALL BUSINESSES WHICH ARE UNABLE TO OBTAIN FINANCING FROM BANKS OR OTHER TRADITIONAL SERVICES, AND ASSISTANCE IN ACCESSING OTHER FINANCIAL RESOURCES.
Expenses $609,462 · Revenue $27,756
As filed on the 2022 return.
Listed in Part VII
-
Agnes NoonanAGNES NOONAN
PRESIDENT
- Total calculated
- $130,340
- From this org
- $107,301
- From related orgs
- $0
- Other
- $23,039
- Hours/week
- 40
-
Cheri LopezCHERI LOPEZ
DIRECTOR OF
- Total calculated
- $100,334
- From this org
- $88,522
- From related orgs
- $0
- Other
- $11,812
- Hours/week
- 40
-
Molly BellMOLLY BELL
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Ken CarsonKEN CARSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ryan CenterwallRYAN CENTERWALL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adam CiepielaADAM CIEPIELA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Linda CooperLINDA COOPER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Edward A DuffyEDWARD A DUFFY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Todd FridleyTODD FRIDLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl HardtCHERYL HARDT
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Monica JojolaMONICA JOJOLA
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Mike LowrimoreMIKE LOWRIMORE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Mitzi MontoyaMITZI MONTOYA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Georgie OrtizGEORGIE ORTIZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cara Gordon PotterCARA GORDON POTTER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jacob SenaJACOB SENA
SECRETERAY
- Total calculated
- $0
- Hours/week
- 2
-
Louis ZainaLOUIS ZAINA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WESST REAL ESTATE HOLDINGS LLC 00-0000000
LAND HOLDI · NM
Directly controlled by WESST
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331669349302153
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