Skip to content
Nonprofiteer
← WOMENS ECONOMIC VENTURES

Form 990 for tax year 2023

Filed by WOMENS ECONOMIC VENTURES.

Totals

Total revenue
$4,198,397
Total expenses
$4,460,473
Contributions and grants received
$3,772,658
Grants paid
$826,250
Program service revenue
$284,588
Investment income
$141,151
Other revenue
$0
Total assets, end of year
$6,754,564
Total liabilities, end of year
$3,661,164
Net assets or fund balances, end of year
$3,093,400
Program services expenses (Part IX)
$3,704,140
Management and general expenses
$465,875
Fundraising expenses
$290,458
Program service expenses (Part III)
$3,704,140

Program services were 83.0% 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.

  • 1e · Government grants (contributions)

    $2,565,800

  • 1f · All other contributions, gifts and grants

    $1,206,858

  • 2a · Program service revenue: FEES FOR SERVICE

    total $119,812 · related or exempt $119,812

  • 2b · Program service revenue: EDUCATION PROGRAM FEES

    total $78,798 · related or exempt $78,798

  • 2c · Program service revenue: LOAN INTEREST EARNED

    total $77,410 · related or exempt $77,410

  • 2d · Program service revenue: LOAN FEES EARNED

    total $5,665 · related or exempt $5,665

  • 2e · Program service revenue: OTHER PROGRAM INCOME

    total $2,903 · related or exempt $2,903

  • 3 · Investment income

    total $141,872 · excluded $141,872

  • 7a · Gross sales of assets other than inventory

    securities $518,210

  • 7b · Less cost or other basis and sales expenses

    securities $518,931

  • 7c · Gain or loss

    securities -$721

  • 7d · Net gain or loss

    total -$721 · excluded -$721

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $67,500 · program services $67,500

  • 2 · Grants to domestic individuals

    total $758,750 · program services $758,750

  • 5 · Compensation of officers, directors and key employees

    total $271,463 · program services $199,584 · management and general $40,719 · fundraising $31,160

  • 7 · Other salaries and wages

    total $2,100,781 · program services $1,903,762 · management and general $80,117 · fundraising $116,902

  • 8 · Pension plan contributions

    total $46,766 · program services $43,176 · management and general $258 · fundraising $3,332

  • 9 · Other employee benefits

    total $110,728 · program services $100,220 · management and general $565 · fundraising $9,943

  • 10 · Payroll taxes

    total $185,108 · program services $164,792 · management and general $8,756 · fundraising $11,560

  • 11b · Fees: legal

    total $6,200 · program services $3,626 · management and general $2,574

  • 11c · Fees: accounting

    total $60,540 · management and general $60,540

  • 11f · Fees: investment management

    total $26,989 · management and general $26,989

  • 11g · Fees: other

    total $5,665 · management and general $5,665

  • 16 · Occupancy

    total $203,604 · program services $151,906 · management and general $31,445 · fundraising $20,253

  • 19 · Conferences, conventions and meetings

    total $28,507 · program services $19,609 · management and general $1,352 · fundraising $7,546

  • 20 · Interest

    total $101,473 · program services $22,580 · management and general $78,893

  • 22 · Depreciation, depletion and amortization

    total $30,479 · program services $22,859 · management and general $4,572 · fundraising $3,048

  • 23 · Insurance

    total $65,402 · program services $15,060 · management and general $49,284 · fundraising $1,058

  • 24a · Other expenses: SUPPLIES AND SERVICES

    total $379,831 · program services $220,029 · management and general $74,146 · fundraising $85,656

  • 24b · Other expenses: SBLF - OTHER OPERATION

    total $10,687 · program services $10,687

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $744,162 · end of year $854,352

  • 2 · Savings and temporary cash investments

    beginning of year $303,954 · end of year $386,856

  • 3 · Pledges and grants receivable

    beginning of year $876,873 · end of year $426,249

  • 4 · Accounts receivable

    beginning of year $11,000 · end of year $18,073

  • 7 · Other notes and loans receivable

    beginning of year $1,447,074 · end of year $1,460,562

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,698 · end of year $42,659

  • 10a · Land, buildings and equipment: cost or other basis

    $114,786

  • 10b · Land, buildings and equipment: accumulated depreciation

    $49,078

  • 10c · Land, buildings and equipment, net

    beginning of year $96,187 · end of year $65,708

  • 11 · Investments: publicly traded securities

    beginning of year $2,625,808 · end of year $3,022,863

  • 15 · Other assets

    beginning of year $410,505 · end of year $477,242

  • 17 · Accounts payable and accrued expenses

    beginning of year $597,585 · end of year $422,335

  • 19 · Deferred revenue

    beginning of year $446,610 · end of year $120,547

  • 23 · Secured mortgages and notes payable

    beginning of year $178,687 · end of year $151,380

  • 24 · Unsecured notes and loans payable

    beginning of year $950,000 · end of year $950,000

  • 25 · Other liabilities

    beginning of year $1,384,169 · end of year $2,016,902

  • 27 · Net assets without donor restrictions

    beginning of year $1,841,115 · end of year $1,850,542

  • 28 · Net assets with donor restrictions

    beginning of year $1,169,095 · end of year $1,242,858

Mission and programs · 2023

Mission

WOMEN'S ECONOMINC VENTURES (WEV) IS DEDICATED TO CREATING AN EQUITABLE AND JUST SOCIETY THROUGH THE ECONOMIC EMPOWERMENT OF WOMEN.

Activities or mission (Part I)

WOMEN'S ECONOMIC VENTURES IS DEDICATED TO THE ECONOMIC EMPOWERMENT OF WOMEN CULTIVATING THE POWER WITHIN EACH WOMAN TO REALIZE HER DREAMS, ACHIEVE FINANCIAL INDEPENDENCE AND SUCCEED ON HER OWN TERMS.

  • WOMEN'S ECONOMIC VENTURES (WEV) PROVIDES SMALL BUSINESS LOANS, BUSINESS TRAINING, AND TECHNICAL ASSISTANCE TO HELP PRIMARILY LOW INCOME WOMEN START OR EXPAND A SMALL BUSINESS. WEV IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) AND PROVIDES MICRO ENTERPRISE LOANS OF UP TO $25,000 TO STARTUPS AND BUSINESS EXPANSION LOANS OF UP TO $50,000 TO PREBANKABLE BUSINESSES. WEV SERVES BOTH MEN AND WOMEN IN ALL PROGRAMS. IN 2023 WEV PROVIDED TRAINING AND TECHNICAL ASSISTANCE, INCLUDING 1,648 SESSIONS OF INDIVIDUAL CONSULTING TO 309 CLIENTS AND PROVIDED 21 BUSINESS LOANS TOTALING $407,500.

    Expenses $3,704,140 · Grants $826,250 · Revenue $284,588

As filed on the 2023 return.

Listed in Part VII

  • Kathy Odell

    CEO/PRESIDENT

    Total calculated
    $175,870
    From this org
    $174,238
    From related orgs
    $0
    Other
    $1,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,238
    Bonus
    $0
    Other
    $0
    Deferred
    $762
    Nontaxable benefits
    $870
    Filer's total
    $175,870

  • Nicola Parr

    COO

    Total calculated
    $148,134
    From this org
    $134,849
    From related orgs
    $0
    Other
    $13,285
    Hours/week
    40

  • Marni Brook

    DIRECTOR OF LENDING

    Total calculated
    $123,195
    From this org
    $105,581
    From related orgs
    $0
    Other
    $17,614
    Hours/week
    40

  • Devon Johnson

    DIRECTOR OF GRANTS AND IMPACT

    Total calculated
    $108,817
    From this org
    $105,346
    From related orgs
    $0
    Other
    $3,471
    Hours/week
    40

  • Barbara Macnaughton

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $116,328
    From this org
    $105,720
    From related orgs
    $0
    Other
    $10,608
    Hours/week
    40

  • Deborah Rivas

    CONTROLLER

    Total calculated
    $95,593
    From this org
    $92,000
    From related orgs
    $0
    Other
    $3,593
    Hours/week
    40

  • Banks Staples Pecht

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Andy Winchester

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Scott Hansen

    CO-VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Crouse

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Linda Rossi

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Katya Armistead

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Vince Caballero

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kristina Eriksen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Elaine Kitagawa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Emily Latour

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Melissa Livingston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ale Ortega-Botello

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Deanna Steiger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Junemarie Justus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CEO'S EMPLOYMENT CONTRACT IS APPROVED BY THE BOARD.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2024
IRS schema version
2023v5.1
Source object
202422829349301562

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.