2021-11-04T16:24:45-05:00 2020-12-31 953680171 MCGOWAN GUNTERMANN 111 E VICTORIA ST 2ND FLOR SANTA BARBARA CA 931012018 990 2020-01-01 953674624 WOMENS ECONOMIC VENTURES WOME 8059656073 21 E CANON PERDIDO ST SUITE 301 SANTA BARBARA CA 93101 KATHY ODELL CEO 8059656073 2021-11-03 1 KATHY ODELL 999009999 CHRISLEY N REED CPA P00025230 8059629175 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X KATHY ODELL 21 E CANON PERDIDO ST SUITE 301 SANTA BARBARA CA 93101 3894605 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 42 50 0 0 2282910 2938526 218083 187162 72897 37963 -20394 0 2553496 3163651 381625 0 0 0 1816443 2515297 0 0 302218 524794 534641 2722862 3049938 -169366 113713 5632860 6648216 1433348 1988621 4199512 4659595 WOMENS ECONOMIC VENTURES (WEV) IS DEDICATED TO CREATING AN EQUITABLE AND JUST SOCIETY THROUGH THE ECONOMIC EMPOWERMENT OF WOMEN. 0 0 2162346 187162 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 2020 WEV PROVIDED TRAINING AND TECHNICAL ASSISTANCE, INCLUDING 2,039 SESSIONS OF INDIVIDUAL CONSULTING TO 269 CLIENTS AND PROVIDED 74 MICRO LOANS TOTALING $932,500. 2162346 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 42 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 180646 0 1286 DEBORAH RIVAS CONTROLLER 40.00 X 100205 0 4016 MARSHA BAILEY FOUNDER AND CEO EMERITA 40.00 X 174303 0 7125 MARNI BROOK DIRECTOR OF LENDING 40.00 X 106674 0 15833 BARBARA MACNAUGHTON DIRECTOR OF DEVELOPMENT 40.00 X 101177 0 10692 AMY FLETCHER DIRECTOR OF IMPACT 40.00 X 100946 0 11245 763951 0 50197 6 0 1 0 0 1340217 1598309 2938526 LOAN INTEREST EARNED 900099 94657 94657 EDUCATION PROGRAM FEES 900099 81434 81434 LOAN FEES EARNED 900099 5811 5811 OTHER INCOME 900099 5260 5260 187162 60876 60876 708041 730954 -22913 -22913 -22913 3163651 187162 0 37963 282904 127182 128469 27253 1934394 1474571 272425 187398 47124 39306 3921 3897 96664 87632 9032 154211 117348 21772 15091 5900 5900 14850 14850 25662 25662 122743 40985 79742 2016 91018 81994 4543 4481 3779 1590 2154 35 15965 15965 1334 1200 67 67 26251 11841 12846 1564 SUPPLIES AND SERVICES 177860 107553 18923 51384 LOAN LOSS PROVISION 30716 30716 OTHER OPERATING 18563 18563 3049938 2162346 585374 302218 1578834 1952176 478107 174530 137961 184045 767206 1249262 7814 32314 32400 32400 1333 0 2653921 3048294 7684 7595 5632860 6648216 115911 374645 113805 250000 232289 1067437 1267882 1433348 1988621 X 2748867 3380970 1450645 1278625 4199512 4659595 5632860 6648216 113713 346370 0 X X 0 1 X 1 1 1 X 1420851 1284456 163987 2280740 2938526 8088560 1420851 1284456 163987 2280740 2938526 8088560 2395995 5692565 86038 40357 24981 73680 60876 285932 8374492 0.67980 0.74750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2653691 40000 358671 3052362 345219 2040000 268472 2653691 331307 40000 -23997 2091 345219 264785 30000 38148 1626 331307 243551 5305 17073 1144 264785 0.82720 0.11140 0.06140 0 0 7263 7263 0 15134 15134 0 10003 10003 0 0 ADVANCES RECEIVED FOR LENDING PURPOSES 312311 DEFERRED LOAN FEES 5571 SUBORDINATED LOAN PAYABLE 750000 NON-INTEREST BEARING DEPOSITS 200000 1267882 X 3484359 346370 346370 3137989 25662 25662 3163651 3024276 0 3024276 25662 25662 3049938 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, 2020, 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 2017 AND 2016, RESPECTIVELY. X 0 0 0 0 0 0 0 0 0 KATHY ODELL EXECUTIVE DIRECTOR 180646 0 0 0 0 0 0 0 1286 0 181932 0 0 0 MARSHA BAILEY FOUNDER AND CEO EMERITA 174303 0 0 0 0 0 5251 0 1874 0 181428 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B WOMENS ECONOMIC VENTURES HAS A FINANCE 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 A FINANCE COMMITTEE, WHICH REVIEWS THE AUDIT UPON COMPLETION. THE FINANCE COMMITTEE REVIEWS THE 990 BEFORE IT IS SIGNED BY THE PRESIDENT/CEO AND FILED.