2022-11-08T15:27:54-06:00 2021-12-31 953680171 MCGOWAN GUNTERMANN 200 CARRILLO STREET SUITE 300 SANTA BARBARA CA 931012018 990 2021-01-01 953674624 WOMENS ECONOMIC VENTURES WOME 8059656073 21 E CANON PERDIDO ST SUITE 301 SANTA BARBARA CA 93101 KATHY ODELL CEO 8059656073 2022-11-07 1 KATHY ODELL 999009999 CHRISLEY N REED CPA P00025230 8059629175 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KATHY ODELL 21 E CANON PERDIDO ST SUITE 301 SANTA BARBARA CA 93101 3943637 0 X WWW.WEVONLINE.ORG X 1981 CA WOMENS ECONOMIC VENTURES (WEV) IS DEDICATED TO CREATING AN EQUITABLE AND JUST SOCIETY THROUGH THE ECONOMIC EMPOWERMENT OF WOMEN. 15 15 50 50 0 0 2938526 2612145 187162 208495 37963 344049 0 0 3163651 3164689 0 16000 0 0 2515297 2429332 0 0 304159 534641 777217 3049938 3222549 113713 -57860 6648216 6923998 1988621 2259206 4659595 4664792 WOMENS ECONOMIC VENTURES (WEV) IS DEDICATED TO CREATING AN EQUITABLE AND JUST SOCIETY THROUGH THE ECONOMIC EMPOWERMENT OF WOMEN. 0 0 2543359 16000 208495 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 $150,000 TO PRE-BANKABLE BUSINESSES. WEV SERVES BOTH MEN AND WOMEN IN ALL PROGRAMS. IN 2021 WEV PROVIDED TRAINING AND TECHNICAL ASSISTANCE, INCLUDING 2,038 SESSIONS OF INDIVIDUAL CONSULTING TO 698 CLIENTS AND PROVIDED 21 BUSINESS LOANS TOTALING $500,500. 2543359 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 50 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 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 ST SUITE 301 SANTA BARBARA CA 93101 MELISSA LIVINGSTON CHAIR 2.00 X X 0 0 0 ANDY WINCHESTER CO-VICE CHAIR 2.00 X X 0 0 0 BANKS STAPLES PECHT CO-VICE CHAIR 2.00 X X 0 0 0 LINDA ROSSI SECRETARY 2.00 X X 0 0 0 NANCY CROUSE TREASURER 2.00 X X 0 0 0 ARUNI BOTEJU 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 JAYME GARONE BOARD MEMBER 2.00 X 0 0 0 CHERYL HEITMANN 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 EMILY LATOUR BOARD MEMBER 2.00 X 0 0 0 ROSANNE WELCHER BOARD MEMBER 2.00 X 0 0 0 JOEY ZUMAYA BOARD MEMBER 2.00 X 0 0 0 KATHY ODELL EXECUTIVE DIRECTOR 40.00 X 174764 0 1259 DEBORAH RIVAS CONTROLLER 40.00 X 87000 0 3589 MARNI BROOK DIRECTOR OF LENDING 40.00 X 106515 0 16398 BARBARA MACNAUGHTON DIRECTOR OF DEVELOPMENT 40.00 X 100990 0 11274 469269 0 32520 3 0 1 0 0 1323581 1288564 2612145 EDUCATION PROGRAM FEES 900099 108065 108065 LOAN INTEREST EARNED 900099 81168 81168 OTHER INCOME 900099 12382 12382 LOAN FEES EARNED 900099 6880 6880 208495 96532 96532 1026465 778948 247517 247517 247517 3164689 208495 0 344049 16000 16000 266612 173781 66463 26368 1845745 1595688 101831 148226 41907 36734 1548 3625 102571 84293 9962 8316 172497 144497 13743 14257 4216 2494 1722 23000 23000 31029 31029 32478 1600 30878 146219 131307 7628 7284 8938 7359 856 723 23233 22575 658 3115 2803 156 156 51548 9705 40985 858 SUPPLIES AND SERVICES 448767 309849 44572 94346 OTHER OPERATING 20435 20435 LOAN LOSS PROVISION -15761 -15761 3222549 2543359 375031 304159 1952176 1553529 174530 335918 184045 436167 1249262 1195121 32314 42973 34328 6308 0 28020 3048294 3318002 7595 14268 6648216 6923998 374645 444689 113805 138623 232289 205655 1267882 1470239 1988621 2259206 X 3380970 3244704 1278625 1420088 4659595 4664792 6648216 6923998 -57860 63057 0 X X 0 1 X 1 1 1 X 1284456 163987 2280740 2938526 2612145 9279854 1284456 163987 2280740 2938526 2612145 9279854 2123808 7156046 40357 24981 73680 60876 96532 296426 9576280 0.74730 0.67980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3052362 -104000 369430 3317792 2653691 40000 358671 3052362 345219 2040000 268472 2653691 331307 40000 -23997 2091 345219 264785 30000 38148 1626 331307 0.82320 0.07420 0.10260 0 0 10873 1087 9786 23455 5221 18234 28020 ADVANCES RECEIVED FOR LENDING PURPOSES 512311 DEFERRED LOAN FEES 5928 SUBORDINATED LOAN PAYABLE 750000 LINE OF CREDIT 202000 1470239 X 3196717 63057 63057 3133660 31029 31029 3164689 3191520 0 3191520 31029 31029 3222549 PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS IS USED TO OFFSET EXPENSES OF WEV'S PROGRAMS. PART X, LINE 2: WEV IS A NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC 501 (C)(3) AND STATE INCOME TAXES UNDER REVENUE AND TAXATION CODE SECTION 23701 (D), THEREFORE, NO AMOUNTS FOR INCOME TAXES ARE REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. WEV IS NOT A PRIVATE FOUNDATION FOR INCOME TAX PURPOSES. WEV IS NOT AWARE OF ANY TRANSACTIONS THAT WOULD AFFECT ITS TAX-EXEMPT STATUS. WEV EVALUATES UNCERTAIN TAX POSITIONS, WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLY AND REASONABLY ESTIMABLE. AS OF DECEMBER 31, 2021, WEV HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. WEV FILES TAX RETURNS IN CALIFORNIA AND U.S. FEDERAL JURISDICTIONS. WEV IS NO LONGER SUBJECT TO US FEDERAL, STATE, AND LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2018 AND 2017, RESPECTIVELY. 1 MIXTECO INDIGENA COMMUNITY ORGANIZING PROJECT (MICOP) PO BOX 20543 OXNARD CA 930340543 300045901 501(C)(3) 13500 0 TRAINING PROGRAMS SBCC FOUNDATION 721 CLIFF DRIVE SANTA BARBARA CA 93109 953234551 501(C)(3) 2500 0 HIGH SCHOOL AND COLLEGE STUDENT AWARDS 2 PART I, LINE 2: SBCC FOUNDATION THE GRANT WAS USED FOR THE SCHEINFELD CENTER'S NEW VENTURE COMPETITION AWARDS FOR HIGH SCHOOL & COLLEGE STUDENTS. A PANEL OF JUDGES REVIEWED THE BUSINESS PLAN ENTRIES, AND THE STUDENT FINALISTS WERE JUDGED BY A SECOND PANEL IN A PITCH COMPETITION. MICOP WEV MONITORED THE USE OF GRANT FUNDS THROUGH SUBMITTED QUARTERLY REPORTS AND INVOICES. X 0 0 0 0 0 0 0 0 0 KATHY ODELL EXECUTIVE DIRECTOR 174764 0 0 0 0 0 0 0 1259 0 176023 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, QUESTION 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.