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← WEV FUNDING SOLUTIONS

Form 990 for tax year 2024

Filed by WEV FUNDING SOLUTIONS.

Totals

Total revenue
$140,323
Total expenses
$40,290
Contributions and grants received
$120,000
Grants paid
$0
Program service revenue
$16,795
Investment income
$3,528
Other revenue
$0
Total assets, end of year
$1,760,661
Total liabilities, end of year
$1,074,306
Net assets or fund balances, end of year
$686,355
Program services expenses (Part IX)
$40,240
Management and general expenses
$50
Fundraising expenses
$0
Program service expenses (Part III)
$40,240

Program services were 99.9% 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.

  • 1f · All other contributions, gifts and grants

    $120,000

  • 2a · Program service revenue: LOAN INTEREST EARNED

    total $15,787 · related or exempt $15,787

  • 2b · Program service revenue: LOAN FEES EARNED

    total $1,008 · related or exempt $1,008

  • 3 · Investment income

    total $3,528 · excluded $3,528

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $327 · program services $327

  • 14 · Information technology

    total $1,788 · program services $1,788

  • 16 · Occupancy

    total $12,930 · program services $12,930

  • 19 · Conferences, conventions and meetings

    total $125 · program services $125

  • 24a · Other expenses: SBLF - OTHER OPERATIONS

    total $21,992 · program services $21,992

  • 24b · Other expenses: SUPPLIES AND SERVICES

    total $3,128 · program services $3,078 · management and general $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $106,347

  • 2 · Savings and temporary cash investments

    end of year $587,799

  • 7 · Other notes and loans receivable

    end of year $1,063,137

  • 15 · Other assets

    end of year $3,378

  • 17 · Accounts payable and accrued expenses

    end of year $11,657

  • 19 · Deferred revenue

    end of year $2,338

  • 24 · Unsecured notes and loans payable

    end of year $950,000

  • 25 · Other liabilities

    end of year $110,311

  • 27 · Net assets without donor restrictions

    end of year $235,918

  • 28 · Net assets with donor restrictions

    end of year $450,437

Mission and programs · 2024

Mission

WEV FUNDING SOLUTIONS EMPOWERS WOMEN AND UNDERSERVED COMMUNITIES THROUGH FRIENDLY, EQUITABLE ACCESS TO LOW-COST CAPITAL AND SUPPORTIVE RESOURCES. WE ARE COMMITTED TO FURTHERING ECONOMIC JUSTICE AND HELPING BREAK BARRIERS TO ECONOMIC INDEPENDENCE BY PROVIDING A SAFE, COLLABORATIVE SPACE FOR ALL CLIENTS TO LEARN, GROW AND THRIVE. WEV FUNDING SOLUTIONS PROVIDES SMALL BUSINESS LOANS TO HELP PRIMARILY LOW-INCOME WOMEN START OR GROW A SMALL BUSINESS.

Activities or mission (Part I)

WEV FUNDING SOLUTIONS PROVIDES SMALL BUSINESS LOANS TO HELP PRIMARILY LOW- INCOME WOMEN START OR GROW A SMALL BUSINESS.

  • WEV FUNDING SOLUTIONS (WFS) PROVIDES SMALL BUSINESS LOANS TO HELP PRIMARILY LOW INCOME WOMEN START OR GROW A SMALL BUSINESS. IN 2024, IT FUNDED FIVE MICRO-LOANS TOTALING 42,500 AND MAINTAINED AN EXISTING LOAN PORTFOLIO OF OVER 75 LOANS TOTALING APPROXIMATELY 1 MILLION.

    Expenses $40,240 · Revenue $16,795

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicola Parr

    CEO

    Total calculated
    $156,704
    From this org
    $0
    From related orgs
    $147,089
    Other
    $9,615
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    not reported + $147,089 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $4,515 related
    Nontaxable benefits
    not reported + $5,100 related
    Filer's total
    not reported + $156,704 related

  • Ale Ortega-Botello

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Melissa Livingston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Simon Dixon

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Leticia Zuniga

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Primitiva Hernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202543189349315514

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