Totals
- Total revenue
- $3,113,690
- Total expenses
- $4,194,843
- Contributions and grants received
- $2,828,770
- Grants paid
- $668,500
- Program service revenue
- $212,838
- Investment income
- $91,956
- Other revenue
- -$19,874
- Total assets, end of year
- $6,567,261
- Total liabilities, end of year
- $3,557,051
- Net assets or fund balances, end of year
- $3,010,210
- Program services expenses (Part IX)
- $3,484,444
- Management and general expenses
- $362,424
- Fundraising expenses
- $347,975
- Program service expenses (Part III)
- $3,484,444
Program services were 83.1% 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
$107,732
-
1e · Government grants (contributions)
$1,867,589
-
1f · All other contributions, gifts and grants
$853,449
-
2a · Program service revenue: EDUCATION PROGRAM FEES
total $91,945 · related or exempt $91,945
-
2b · Program service revenue: LOAN INTEREST EARNED
total $78,198 · related or exempt $78,198
-
2c · Program service revenue: FEES FOR SERVICE
total $33,800 · related or exempt $33,800
-
2d · Program service revenue: LOAN FEES EARNED
total $7,141 · related or exempt $7,141
-
2e · Program service revenue: OTHER PROGRAM INCOME
total $1,754 · related or exempt $1,754
-
3 · Investment income
total $65,134 · excluded $65,134
-
7a · Gross sales of assets other than inventory
securities $478,249
-
7b · Less cost or other basis and sales expenses
securities $451,427
-
7c · Gain or loss
securities $26,822
-
7d · Net gain or loss
total $26,822 · excluded $26,822
-
8a · Fundraising events: gross income
$29,327
-
8a · Fundraising events: contributions included on line 1c
$107,732
-
8b · Fundraising events: direct expenses
$49,201
-
8c · Net income from fundraising events
total -$19,874 · excluded -$19,874
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $268,500 · program services $268,500
-
2 · Grants to domestic individuals
total $400,000 · program services $400,000
-
5 · Compensation of officers, directors and key employees
total $288,315 · program services $212,318 · management and general $43,247 · fundraising $32,750
-
7 · Other salaries and wages
total $2,066,184 · program services $1,836,891 · management and general $52,170 · fundraising $177,123
-
8 · Pension plan contributions
total $49,823 · program services $44,466 · management and general $247 · fundraising $5,110
-
9 · Other employee benefits
total $111,962 · program services $100,727 · management and general $466 · fundraising $10,769
-
10 · Payroll taxes
total $184,833 · program services $159,797 · management and general $8,632 · fundraising $16,404
-
11b · Fees: legal
total $2,939 · management and general $2,939
-
11c · Fees: accounting
total $24,864 · management and general $24,864
-
11f · Fees: investment management
total $26,971 · management and general $26,971
-
11g · Fees: other
total $20,475 · program services $998 · management and general $19,477
-
16 · Occupancy
total $198,501 · program services $148,597 · management and general $30,095 · fundraising $19,809
-
19 · Conferences, conventions and meetings
total $23,434 · program services $17,454 · management and general $2,992 · fundraising $2,988
-
20 · Interest
total $47,946 · program services $22,918 · management and general $25,028
-
22 · Depreciation, depletion and amortization
total $12,290 · program services $9,216 · management and general $1,844 · fundraising $1,230
-
23 · Insurance
total $63,074 · program services $12,911 · management and general $48,860 · fundraising $1,303
-
24a · Other expenses: SUPPLIES AND SERVICES
total $361,084 · program services $206,003 · management and general $74,592 · fundraising $80,489
-
24b · Other expenses: SBLF - OTHER OPERATING
total $28,139 · program services $28,139
-
24c · Other expenses: LOAN LOSS PROVISION
total $14,864 · program services $14,864
-
24d · Other expenses: SBLF - LEGAL EXPENSE
total $645 · program services $645
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,553,529 · end of year $744,162
-
2 · Savings and temporary cash investments
end of year $303,954
-
3 · Pledges and grants receivable
beginning of year $335,918 · end of year $876,873
-
4 · Accounts receivable
beginning of year $436,167 · end of year $11,000
-
7 · Other notes and loans receivable
beginning of year $1,195,121 · end of year $1,447,074
-
9 · Prepaid expenses and deferred charges
beginning of year $42,973 · end of year $51,698
-
10a · Land, buildings and equipment: cost or other basis
$114,786
-
10b · Land, buildings and equipment: accumulated depreciation
$18,599
-
10c · Land, buildings and equipment, net
beginning of year $28,020 · end of year $96,187
-
11 · Investments: publicly traded securities
beginning of year $3,318,002 · end of year $2,625,808
-
15 · Other assets
beginning of year $14,268 · end of year $410,505
-
17 · Accounts payable and accrued expenses
beginning of year $444,689 · end of year $597,585
-
19 · Deferred revenue
beginning of year $138,623 · end of year $446,610
-
23 · Secured mortgages and notes payable
beginning of year $205,655 · end of year $178,687
-
24 · Unsecured notes and loans payable
end of year $950,000
-
25 · Other liabilities
beginning of year $1,470,239 · end of year $1,384,169
-
27 · Net assets without donor restrictions
beginning of year $3,244,704 · end of year $1,841,115
-
28 · Net assets with donor restrictions
beginning of year $1,420,088 · end of year $1,169,095
Mission and programs · 2022
Mission
WOMEN'S ECONOMINC VENTURES (WEV) IS DEDICATED TO CREATING AN EQUITABLE AND JUST SOCIETY THROUGH THE ECONOMIC EMPOWERMENT OF WOMEN.
-
WOMEN'S ECONOMIC VENTURES (WEV) PROVIDES SMALL BUSINESS LOANS, BUSINESS TRAINING, AND TECHNICAL ASSISTANCE TO HELP PRIMARILY LOWINCOME 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 $150,000 TO PREBANKABLE BUSINESSES. WEV SERVES BOTH MEN AND WOMEN IN ALL PROGRAMS. IN 2022 WEV PROVIDED TRAINING AND TECHNICAL ASSISTANCE, INCLUDING 1,843 SESSIONS OF INDIVIDUAL CONSULTING TO 185 CLIENTS AND PROVIDED 24 BUSINESS LOANS TOTALING $624,500.
Expenses $3,484,444 · Grants $668,500 · Revenue $212,838
As filed on the 2022 return.
Listed in Part VII
-
Banks Staples PechtBANKS STAPLES PECHT
CO-VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Andy WinchesterANDY WINCHESTER
CO-VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Nancy CrouseNANCY CROUSE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Linda RossiLINDA ROSSI
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Emily LatourEMILY LATOUR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Katya ArmisteadKATYA ARMISTEAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Emma BridgesEMMA BRIDGES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kristina EriksenKRISTINA ERIKSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Scott HansenSCOTT HANSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Cheryl HeitmanCHERYL HEITMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Junemarie JustusJUNEMARIE JUSTUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Elaine KitagawaELAINE KITAGAWA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Melissa LivingstonMELISSA LIVINGSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ale Ortega-BotelloALE ORTEGA-BOTELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Deanna SteigerDEANNA STEIGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rosanne WelcherROSANNE WELCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kathy OdellKATHY ODELL
CEO/PRESIDENT
- Total calculated
- $183,342
- From this org
- $182,319
- From related orgs
- $0
- Other
- $1,023
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,319
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $1,023
- Filer's total
- $183,342
-
Deborah RivasDEBORAH RIVAS
CONTROLLER
- Total calculated
- $104,973
- From this org
- $100,991
- From related orgs
- $0
- Other
- $3,982
- Hours/week
- 40
-
Nicola ParrNICOLA PARR
DIR OF PROGRAMS/SERVICES/INITIATIVES
- Total calculated
- $127,459
- From this org
- $115,339
- From related orgs
- $0
- Other
- $12,120
- Hours/week
- 40
-
Marni BrookMARNI BROOK
DIRECTOR OF LENDING
- Total calculated
- $122,912
- From this org
- $105,923
- From related orgs
- $0
- Other
- $16,989
- Hours/week
- 40
-
Amy RoweAMY ROWE
DIRECTOR OF IMPACT/ENGAGEMENT
- Total calculated
- $115,178
- From this org
- $103,274
- From related orgs
- $0
- Other
- $11,904
- Hours/week
- 40
-
Barbara MacnaughtonBARBARA MACNAUGHTON
DIRECTOR OF DEVELOPMENT
- Total calculated
- $114,254
- From this org
- $102,858
- From related orgs
- $0
- Other
- $11,396
- Hours/week
- 40
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 · 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
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
-
TO SUPPORT WEV'S SEED2 PROJECT
-
OUTREACH, TRANSLATION, AND OTHER SERVICES TO SUPPORT WEV'S SEED PROJECT.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302629349301345
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