2023-09-19T16:10:12-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-01-01 953674624 WOMEN'S ECONOMIC VENTURES WOME 8059656073 21 E CANON PERDIDO STREET SUITE 3 SANTA BARBARA CA 93101 KATHY ODELL CEO 8059656073 2023-09-18 1 KATHY ODELL 999009999 1 MEI-LI HUANG P02383735 6268577300 2023-09-18 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHY ODELL 21 E CANON PERDIDO STREET SUITE 301 SANTA BARBARA CA 93101 3614318 0 X WWW.WEVONLINE.ORG X 1981 CA WOMEN'S ECONOMINC VENTURES (WEV) IS DEDICATED TO CREATING AN EQUITABLE AND JUST SOCIETY THROUGH THE ECONOMIC EMPOWERMENT OF WOMEN. 16 16 54 77 0 0 2612145 2828770 208495 212838 344049 91956 0 -19874 3164689 3113690 16000 668500 0 0 2429332 2701117 0 0 347975 777217 825226 3222549 4194843 -57860 -1081153 6923998 6567261 2259206 3557051 4664792 3010210 WOMEN'S ECONOMINC VENTURES (WEV) IS DEDICATED TO CREATING AN EQUITABLE AND JUST SOCIETY THROUGH THE ECONOMIC EMPOWERMENT OF WOMEN. 0 0 3484444 668500 212838 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. 3484444 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 96 0 1 54 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KATHY ODELL 8059656073 21 E CANON PERDIDO STREET SUITE 301 SANTA BARBARA CA 93101 BANKS STAPLES PECHT CO-VICE CHAIR 2.00 X X 0 0 0 ANDY WINCHESTER CO-VICE CHAIR 2.00 X X 0 0 0 NANCY CROUSE TREASURER 2.00 X X 0 0 0 LINDA ROSSI SECRETARY 2.00 X X 0 0 0 EMILY LATOUR BOARD MEMBER 2.00 X 0 0 0 KATYA ARMISTEAD BOARD MEMBER 2.00 X 0 0 0 EMMA BRIDGES BOARD MEMBER 2.00 X 0 0 0 KRISTINA ERIKSEN BOARD MEMBER 2.00 X 0 0 0 SCOTT HANSEN BOARD MEMBER 2.00 X 0 0 0 CHERYL HEITMAN BOARD MEMBER 2.00 X 0 0 0 JUNEMARIE JUSTUS BOARD MEMBER 2.00 X 0 0 0 ELAINE KITAGAWA BOARD MEMBER 2.00 X 0 0 0 MELISSA LIVINGSTON BOARD MEMBER 2.00 X 0 0 0 ALE ORTEGA-BOTELLO BOARD MEMBER 2.00 X 0 0 0 DEANNA STEIGER BOARD MEMBER 2.00 X 0 0 0 ROSANNE WELCHER BOARD MEMBER 2.00 X 0 0 0 KATHY ODELL CEO/PRESIDENT 40.00 X 182319 0 1023 DEBORAH RIVAS CONTROLLER 40.00 X 100991 0 3982 NICOLA PARR DIR OF PROGRAMS/SERVICES/INITIATIVES 40.00 X 115339 0 12120 MARNI BROOK DIRECTOR OF LENDING 40.00 X 105923 0 16989 AMY ROWE DIRECTOR OF IMPACT/ENGAGEMENT 40.00 X 103274 0 11904 BARBARA MACNAUGHTON DIRECTOR OF DEVELOPMENT 40.00 X 102858 0 11396 710704 0 57414 6 0 1 0 0 107732 1867589 853449 2828770 EDUCATION PROGRAM FEES 900099 91945 91945 LOAN INTEREST EARNED 900099 78198 78198 FEES FOR SERVICE 900099 33800 33800 LOAN FEES EARNED 900099 7141 7141 OTHER PROGRAM INCOME 900099 1754 1754 212838 65134 65134 478249 451427 26822 26822 26822 29327 107732 49201 -19874 -19874 3113690 212838 0 72082 268500 268500 400000 400000 288315 212318 43247 32750 2066184 1836891 52170 177123 49823 44466 247 5110 111962 100727 466 10769 184833 159797 8632 16404 2939 2939 24864 24864 26971 26971 20475 998 19477 198501 148597 30095 19809 23434 17454 2992 2988 47946 22918 25028 12290 9216 1844 1230 63074 12911 48860 1303 SUPPLIES AND SERVICES 361084 206003 74592 80489 SBLF - OTHER OPERATING 28139 28139 LOAN LOSS PROVISION 14864 14864 SBLF - LEGAL EXPENSE 645 645 4194843 3484444 362424 347975 1553529 744162 303954 335918 876873 436167 11000 1195121 1447074 42973 51698 114786 18599 28020 96187 3318002 2625808 14268 410505 6923998 6567261 444689 597585 138623 446610 205655 178687 950000 1470239 1384169 2259206 3557051 X 3244704 1841115 1420088 1169095 4664792 3010210 6923998 6567261 -1081153 -573429 0 X X 0 1 X 1 0 X 163987 2280740 2938526 2612145 2828771 10824169 163987 2280740 2938526 2612145 2828771 10824169 4059529 6764640 24981 73680 60876 96532 65134 321203 11145372 0.60690 0.74730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3317792 -180625 -511572 2625595 3052362 -104000 369430 3317792 2653691 40000 358671 3052362 345219 2040000 268472 2653691 331307 40000 -23997 345219 0 0 10873 3262 7611 23456 9274 14182 80457 6063 74394 96187 ACCRUED INTEREST ON SBLF LOANS 3259 DEPOSITS 9598 OPERATING - RIGHT OF USE ASSET 397648 410505 LINE OF CREDIT 656463 DEFERRED LOAN FEES 4957 LEASE LIABILITY 410438 ADVANCES RECEIVED FOR LENDING 312311 1384169 X 2513290 -573429 -573429 3086719 26971 26971 3113690 4167872 0 4167872 26971 26971 4194843 PART X, LINE 2: WEV IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. WEV FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. WEV IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. LUMINARY EVENT 137059 107732 29327 49201 137059 107732 29327 49201 49201 -19874 1 MIXTECOINDIGENA COMMUNITY ORGANIZING PROJECT PO BOX 20543 OXNARD CA 93034 300045901 501(C)(3) 13500 0 OUTREACH, TRANSLATION, AND OTHER SERVICES TO SUPPORT WEV'S SEED PROJECT. CHILDREN'S RESOURCE AND REFERRAL OF SB CO 124 W CARMEN LANE SUITE C SANTA MARIA CA 93458 952684041 501(C)(3) 255000 0 TO SUPPORT WEV'S SEED2 PROJECT CASH GRANTS 70 350000 FORGIVABLE LOANS 10 50000 PART I, LINE 2 1) MICOP WEV MONITORED THE USE OF GRANT FUNDS THROUGH SUBMITTED QUARTERLY REPORTS AND INVOICES. 2) CRR: SUBRECIPIENT FOR WEV'S CA ETP SEED2 GRANT RECEIVED $187,000 FOR 25 MICROGRANTS AND $67,500 TO PROVIDE TRAINING TO GRANT RECIPIENTS CRR PROVIDED INVOICES WITH DESCRIPTION OF WORK TO BE COMPLETED AND A LIST OF 25 GRANTEES. 3) CASH GRANTS: PROVIDED THROUGH CA ETP SEED1 GRANTS. FUNDS MUST BE USED ACCORDING TO DESCRIPTION PROVIDED ON BUSINESS PLAN/GRANT APPLICATION. 4) FORGIVABLE LOANS RECIPIENTS PROVIDE RECEIPTS FOR SPENDING THAT MATCH THOSE DESCRIBED IN THEIR APPLICATIONS. X X 0 0 0 0 0 0 0 0 0 KATHY ODELL CEO/PRESIDENT 182319 0 0 0 0 0 0 0 1023 0 183342 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B WOMENS ECONOMIC VENTURES HAS AN AUDIT COMMITTEE, WHICH REVIEWS THE AUDIT UPON COMPLETION. THE FINANCE COMMITTEE REVIEWS THE 990 BEFORE IT IS SIGNED BY THE PRESIDENT/CEO AND FILED. FORM 990, PART VI, SECTION B, LINE 12C WEV HAS A CONFLICT OF INTEREST POLICY WHICH IS DISTRIBUTED ANNUALLY TO EACH BOARD MEMBER AND REQUIRES SIGNED ACKNOWLEDGEMENT. FORM 990, PART VI, SECTION B, LINE 15 SECTION B, LINE 15A COMPENSATION FOR THE CEO AND TOP MANAGERS IS REVIEWED ANNUALLY AS PART OF THE ORGANIZATION'S ANNUAL BUDGET PROCESS AND IS CONNECTED WITH ANNUAL PERFORMANCE REVIEWS CONDUCTED BY THE CEO AND BOARD EXECUTIVE COMMITTEE. MANAGEMENT STAFF CREATES A BUDGET DRAFT WHICH IS REVIEWED BY THE BOARD FINANCE COMMITTEE PRIOR TO SUBMISSION TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL IN THE FOURTH QUARTER. SECTION B, LINE 15B THE EXECUTIVE COMMITTEE FUNCTIONS AS THE PERSONNEL COMMITTEE THAT YEARLY REVIEWS THE SALARY OF CEO. THE CEO YEARLY REVIEWS ALL STAFF SALARIES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, GOVERNING DOCUMENTS ARE SUPPLIED BY THE CEO OR GRANTS MANAGER. FORM 990, PART XII, LINE 2C: WEV HAS AN AUDIT COMMITTEE, WHICH REVIEWS THE AUDIT UPON COMPLETION. THE FINANCE COMMITTEE REVIEWS THE 990 BEFORE IT IS SIGNED BY THE PRESIDENT/CEO AND FILED.