2019-08-06T16:35:12-07:00 2018-12-31 770027594 Gary A Smith CPA 16 W Mission St Ste R Santa Barbara CA 931018499 990 2018-01-01 953674624 Womens Economic Ventures WOME 8059656073 333 S Salinas St SANTA BARBARA CA 93103 Marsha Bailey CEO 2019-08-06 true Gary A Smith P01207495 8055634800 X 2018 2019-02-21 02:37:17Z Melissa Livingston 333 S Salinas St SANTA BARBARA CA 93103 5347126 false 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. 14 14 36 100 0 1284456 5023987 244397 235308 39836 27591 0 1568689 5286886 337500 0 1214865 1459135 0 178920 282899 373501 1497764 2170136 70925 3116750 2023463 5090038 938664 938669 1084799 4151369 Womens Economic Ventures (WEV) is dedicated to creating an equitable and just society through the economic empowerment of women. false false 1834283 337500 235308 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 $50,000 to pre-bankable businesses. WEV serves both men and women in all programs.In 2018, WEV provided training and technical assistance, including 1,227 sessions of individual consulting to 302 clients and provided 36 micro loans totaling $430,018. 1834283 true true false false false false false false false true true false false false true true true false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false false false true 42 0 true 36 true false false false false false false false false 0 false false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true true false CA X Marsha Bailey 8059656073 333 S Salinas St Santa Barbara CA 93103 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 Board Member 2.00 0.00 X 0 0 0 Lisa James Board Member 2.00 0.00 X 0 0 0 Dana Boutain CPA Board Member 2.00 0.00 X 0 0 0 Kristin Fraser 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 Kathy Odell Vice-Chair 2.00 0.00 X X 0 0 0 Kathleen Schafer Board Member 2.00 0.00 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 Marsha Bailey Executive Dir. 40.00 0.00 X 162840 0 6847 162840 6847 1 false true false 0 508384 4515603 5023987 education program fees 900099 161042 161042 Loan fees Earned 900099 4803 4803 Loan interest Earned 900099 64795 64795 Other Income 900099 4668 4668 235308 24981 24981 0 0 0 62850 60084 156 2766 -156 2610 2610 0 0 0 0 5286886 235308 27591 277500 277500 60000 60000 0 0 169687 127265 16969 25453 0 1096502 924503 79462 92537 23489 18340 2386 2763 66736 59877 255 6604 102721 85196 7943 9582 0 4951 4951 14370 14370 0 0 2091 2091 16947 12034 3286 1627 21851 21851 23161 19242 1968 1951 0 0 88035 80473 4083 3479 12525 12525 0 9582 8066 1121 395 5950 5854 48 48 0 2204 1984 110 110 12975 6805 5409 761 Marketing 29677 24547 5130 Supplies & services 26940 8658 9551 8731 Catering & meals 25978 12040 13938 Loan loss provision 24580 24580 51684 37992 7881 5811 2170136 1834283 156933 178920 639894 3602523 0 252467 235707 127948 131328 0 0 641662 754361 0 8520 8558 35592 33854 4098 1738 339835 345897 0 0 0 9039 9926 2023463 5090038 73530 88271 49848 34559 815286 815839 938664 938669 X 336109 2450473 528386 1440592 220304 260304 1084799 4151369 2023463 5090038 3116750 -50180 X false true X true false X 1078004 1534589 1420851 1284456 2593987 7911887 0 0 1078004 1534589 1420851 1284456 2593987 7911887 1741815 6170072 76987 91585 86038 40357 24981 319948 0 0 8231835 479705 0.74950 0.93790 X 331307 40000 -23997 2091 345219 264785 30000 38148 1626 331307 243551 5305 17073 1144 264785 225606 25000 -6033 1022 243551 206638 20000 8432 8500 964 225606 0.75400 0.24600 false false false 7263 7263 18326 17814 512 10003 8777 1226 1738 Advances for Lending 113695 Deferred SBLF Loan Fees 2144 Non-interest deposits 450000 Subordinated loans payable 250000 815839 X 5234615 -50180 -50180 5284795 2091 2091 5286886 2168045 2168045 2091 2091 2170136 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. true Alessaro Designs Inc PO Box 644 Summerland CA 93067 472765578 7500 0 Disaster assistance Bon Fortune 1314 Morrison Ave Santa Barbara CA 93103 841701420 7500 0 Disaster assistance Buena Physical Therapy Inc PO Box 7507 Ventura CA 93006 953651448 7500 0 Disaster assistance Carpinteria Wine Co 4905 Dorrance Way Carpinteria CA 93013 465341742 7500 0 Disaster assistance Coachability Inc 35 W Main St 308 Ventura CA 93001 262630626 7500 0 Disaster assistance Ex Voto Chocolates 2646 E Main St Ventura CA 93003 813433863 7500 0 Disaster assistance Food Harmonics LLC 162 N Pueblo Ave Ojai CA 93023 812751436 7500 0 Disaster assistance Heres The Scoop LLC 1187 Coast Village Rd 3B Santa Barbara CA 93108 562381287 7500 0 Disaster assistance Hypercat Inc 4160 Market St 13 Ventura CA 93003 261884821 7500 0 Disaster assistance Los Padres Outfitters LLC PO Box 748 Carpinteria CA 93401 443780138 7500 0 Disaster assistance Main Street Meats & Foods 3049 E Main St Ventura CA 93003 831525454 7500 0 Disaster assistance Mesa Produce 2036 Cliff Dr Santa Barbara CA 93109 472644008 7500 0 Disaster assistance Mesa Salsa Co 848 Calle Cortita Santa Barbara CA 93109 474322915 7500 0 Disaster assistance Michaela Boehm Inc 12293 Topa Ln Santa Paula CA 93060 462565222 7500 0 Disaster assistance Pacific Pride Fdn 608 Anacapa St A Santa Barbara CA 93101 953133613 501(c)(3) 7500 0 Disaster assistance Talon 501 Park Rd Ojai CA 93202 831357620 7500 0 Disaster assistance The Farm Cart PO Box 65 Carpinteria CA 93013 452800586 7500 0 Disaster assistance The Perfect Fit 1230 Coast Village Circle C Santa Barbara CA 93108 261857386 7500 0 Disaster assistance Trystology Inc 451 E Main St 6 Ventura CA 93001 264750932 7500 0 Disaster assistance Very Ventura Inc 540 E Main St Ventura CA 93001 474395147 7500 0 Disaster assistance Visionality PO Box 23223 Ventura CA 93002 464928050 7500 0 Disaster assistance Yes Dance 1416 Garden St E Santa Barbara CA 93101 474990009 501(c)(3) 7500 0 Disaster assistance 2 22 Disaster assistance 8 60000 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 false Marsha Bailey Executive Dir. 162840 4908 1939 169687 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.