2020-09-14T10:30:30-07:00 2019-12-31 770027594 Gary A Smith 350 S Hope Ave Ste A-205 Santa Barbara CA 931054085 990 2019-01-01 953674624 Womens Economic Ventures WOME 8059656073 333 S Salinas St SANTA BARBARA CA 93103 Kathy Odell CEO 2020-09-14 true Gary A Smith P01207495 8055634800 X 2019 2021-01-29 14:40:06Z Melissa Livingston 333 S Salinas St SANTA BARBARA CA 93103 3445124 false X wevonline.org X 1981 CA Womens Economic Ventures (WEV) is dedicated to creating an equitable and just society through the economic empowerment of women. 13 13 42 100 0 5023987 2282910 235308 218083 27591 72897 -20394 5286886 2553496 337500 381625 0 1459135 1816443 0 265487 373501 524794 2170136 2722862 3116750 -169366 5090038 5632860 938669 1433348 4151369 4199512 Womens Economic Ventures (WEV) is dedicated to creating an equitable and just society through the economic empowerment of women. false false 2091798 381625 218083 Women's Economic Ventures 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 2019, WEV provided training and technical assistance, including 1,246 sessions of individual consulting to 236 clients and provided 17 micro loans totaling $406,703. 2091798 true true false false false false false false false true true false false false true true true false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false true 81 0 true 42 true false false false false false false false 0 false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true false CA X Kathy Odell 8059656073 333 S Salinas St Santa Barbara CA 93103 Marsha Bailey Executive Dir. 40.00 0.00 X 174275 0 6392 Marni Brook Loan officer 40.00 0.00 104303 0 9201 Kathy Odell Executive Director 40.00 0.00 112947 0 480 Linda Rossi Secretary 2.00 0.00 X X 0 0 0 Melissa Livingston Chair 2.00 0.00 X X 0 0 0 Andy Winchester Vice Chair 2.00 0.00 X X 0 0 0 Kristina Eriksen Board Member 2.00 0.00 X 0 0 0 Junemarie Justus Board Member 2.00 0.00 X 0 0 0 Jayme Garone Board Member 2.00 0.00 X 0 0 0 Nancy Crouse Treasurer 2.00 0.00 X X 0 0 0 Emma Bridges board member 2.00 0.00 X 0 0 0 Cheryl Heitmann Board Member 2.00 0.00 X 0 0 0 Elaine Kitagawa Board Member 2.00 0.00 X 0 0 0 Banks Staples Pecht Vice Chair 2.00 0.00 X X 0 0 0 Aruni Boteju Board Member 2.00 0.00 X 0 0 0 Emily Latour Board Member 2.00 0.00 X 0 0 0 391525 16073 3 false true false 0 40670 618418 1623822 2282910 education program fees 900099 136972 136972 Loan fees Earned 900099 8182 8182 Loan interest Earned 900099 72702 72702 Other Income 900099 227 227 218083 73680 73680 0 0 0 854001 854784 -783 -783 -783 16450 40670 36844 -20394 -20394 0 0 0 2553496 218083 52503 314125 314125 67500 67500 0 0 181441 136081 18144 27216 0 1416379 1053161 231358 131860 28279 23528 2383 2368 66654 60464 6190 123690 94123 17463 12104 0 3902 3902 14750 14750 0 0 11029 11029 51824 13744 26110 11970 16249 16249 16820 12237 1656 2927 0 0 99064 89098 5244 4722 25991 17970 4975 3046 0 23676 18818 4582 276 8265 6681 1584 0 405 360 20 25 15880 8292 6509 1079 Loan loss provision 58296 58296 Facility fees 31409 6974 24435 Marketing 28513 19461 9052 Database, dues & subscriptions 20448 11612 5034 3802 98273 59122 14736 24415 2722862 2091798 365577 265487 3602523 1578834 0 235707 478107 131328 137961 0 0 754361 767206 0 8558 7814 35592 34259 1738 1333 345897 2653921 0 0 0 9926 7684 5090038 5632860 88271 115911 34559 250000 815839 1067437 938669 1433348 X 2450473 2748867 1700896 1450645 4151369 4199512 5090038 5632860 -169366 217509 X false true X true false X 1534589 1420851 1284456 2593987 2280740 9114623 0 0 1534589 1420851 1284456 2593987 2280740 9114623 2064625 7049998 91585 86038 40357 24981 73680 316641 0 0 9431264 716408 0.74750 0.74950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 345219 2040000 268472 2653691 331307 40000 -23997 2091 345219 264785 30000 38148 1626 331307 243551 5305 17073 1144 264785 225606 25000 -6033 1022 243551 0.84050 0.11320 0.04630 false false false 7263 7263 18326 18163 163 10003 8833 1170 1333 Advances for Lending 113695 Deferred SBLF Loan Fees 3742 Non-interest deposits 450000 Subordinated loans payable 500000 1067437 X 2759976 217509 217509 2542467 11029 11029 2553496 2711833 2711833 11029 11029 2722862 Part V, Line 4: Intended uses of the endowment fund. Income from endowment funds is used to offset expenses of WEV's programs. Part X : FIN48 Footnote Management believes that the tax positions taken are more likely than not to be sustained upon examination. WEV's returns are subject to examination by federal and state taxing authorities, generally for three and four years respectively, after they are filed. false SOE Awards 57120 40670 16450 6727 29317 800 57120 40670 16450 6727 29317 800 36844 -20394 true Camping Adventures 716 N Victoria Ave Ventura CA 93003 464171345 10000 0 Disaster assistance Dream Intl Beauty Academy 30700 Russell Ranch Road Westlake Villag CA 91362 821342273 10000 0 Disaster assistance Five Threads Brewing Co 31133 Via Colinas 109 Westlake Villag CA 91362 471304268 10000 0 Disaster assistance Hiptique 2727 Main St Santa Monica CA 90405 273311417 10000 0 Disaster assistance Nature Trust of Santa Monica 33905 Pacific Coast Highway Malibu CA 90265 954714601 501(c)(3) 10000 0 Disaster assistance SB City College Fdn 721 Cliff Dr Santa Barbara CA 93109 953234551 501(C)(3) 12500 0 New venture challenge Trancas Riders & Ropers PO Box 6755 Malibu CA 90264 953273511 10000 0 Disaster assistance Triunfo Creek LLC 9074 N Ventura Blvd Ventura CA 91301 912065079 10000 0 Disaster assistance 2 6 Disaster assistance 7 67500 Additional Supplemental Information The grants provided direct financial assistance to businesses affected by the fire and flood disasters that occured in Santa Barbara and Ventura counties in the winter of 2018. X false false false false false false false false false Marsha Bailey Executive Dir. 174275 5251 1141 180667 Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts WEV has a conflict of interest policy which is distributed annually to each board member and requires signed acknowledgement. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation for the CEO and top managers is reviewed annually as part of the organizations 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. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The executive committee functions as the personnel committee, that yearly reviews the salary of the CEO. The CEO yearly reviews all the staff salaries.The CEO/President's salary is determined by the Executive Committee. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Upon requests, governing documents are supplied by the CEO or Grants Manager.