2025-11-14T19:01:13-05:00 2024-12-31 475278347 ALLISON & GIBB LLP 31351 VIA COLINAS STE 202 WESTLAKE VILLAGE CA 913624561 990 2024-01-01 953674624 WOMEN'S ECONOMIC VENTURES WOME 8059656073 21 E CANON PERDIDO ST STE 301 SANTA BARBARA CA 93101 NICOLA PARR CEO 8059656073 2025-11-14 true true LISA A ALLISON P01971329 8183946689 2025-11-14 2024 2025-03-06 01:10:19Z NICOLA PARR 21 E CANON PERDIDO ST 301 SANTA BARBARA CA 93101 5759707 false X WWW.WEVONLINE.ORG X 1981 CA WOMEN'S ECONOMIC VENTURES IS COMMITTED TO THE ECONOMIC EMPOWERMENT OF WOMEN CULTIVATING THE POWER WITHIN EACH WOMAN TO REALIZE HER DREAMS, ACHIEVE FINANCIAL INDEPENDENCE, AND SUCCEED ON HER OWN TERMS. 16 16 54 40 0 3772658 3362817 284588 265339 141151 559997 1879 4198397 4190032 826250 963711 0 2714846 2047133 0 213018 919377 812745 4460473 3823589 -262076 366443 6754564 4255564 3661164 1618854 3093400 2636710 X WOMEN'S ECONOMIC VENTURES IS COMMITTED TO THE ECONOMIC EMPOWERMENT OF WOMEN CULTIVATING THE POWER WITHIN EACH WOMAN TO REALIZE HER DREAMS, ACHIEVE FINANCIAL INDEPENDENCE, AND SUCCEED ON HER OWN TERMS. false true 3090930 963711 265339 WOMEN'S ECONOMIC VENTURES (WEV) PROVIDES BUSINESS TRAINING, TECHNICAL ASSISTANCE, SMALL BUSINESS LOANS & STIPENDS, AND FINANCIAL EDUCATION 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 2024, WEV PROVIDED TRAINING AND TECHNICAL ASSISTANCE, INCLUDING 1,606 SESSIONS OF INDIVIDUAL CONSULTING TO 592 CLIENTS AND PROVIDED 39 BUSINESS LOANS TOTALING 461,900. 3090930 true true false false false false false false false true true false false false true true false true false false false false false false false false false false true true false false false false false false false false false false false false false true true true false false true 103 0 54 true false false false false false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true true true false CA X X X NICOLA PARR 8059656073 21 E CANON PERDIDO ST STE 301 SANTA BARBARA CA 93101 NICOLA PARR CEO 40.00 X 147089 0 9615 KATHY ODELL CEO (FORMER) 40.00 X 156020 0 0 DEVON JOHNSON DIR. OF GRAN 40.00 X 108923 0 880 MELISSA LIVINGSTON CHAIR 2.00 X X 0 0 0 SCOTT HANSEN VICE CHAIR 2.00 X X 0 0 0 CAROLA NICHOLSON TREASURER 2.00 X X 0 0 0 SIMON DIXON SECRETARY 2.00 X X 0 0 0 KATYA ARMISTEAD BOARD MEMBER 2.00 X 0 0 0 MARIA BALLESTEROS-SOLA BOARD MEMBER 2.00 X 0 0 0 ALESSANDRA FANTONI BOARD MEMBER 2.00 X 0 0 0 ALI FARR MCCARTY BOARD MEMBER 2.00 X 0 0 0 EMILY LATOUR 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 LINDA ROSSI BOARD MEMBER 2.00 X 0 0 0 KRISTINA ERIKSEN BOARD MEMBER 2.00 X 0 0 0 ANDREW WINCHESTER BOARD MEMBER 2.00 X 0 0 0 BANK STAPLES PECHT BOARD MEMBER 2.00 X 0 0 0 JUNEMARIE JUSTUS BOARD MEMBER 2.00 X 0 0 0 MARSHA BAILEY CEO EMERITUS 0.00 X 182308 0 0 594340 10495 4 true true false 2276958 1085859 3362817 FEES FOR SERVICE 900099 130713 130713 EDUCATION PROGRAM FEES 900099 76714 76714 LOAN INTEREST EARNED 900099 53686 53686 LOAN FEES EARNED 900099 4226 4226 265339 104121 104121 2021095 4456 1569675 451420 4456 455876 455876 CREDIT CARD REWARDS 999999 1429 1429 OTHER MISCELLANEOUS IINCOME 999999 450 450 1879 4190032 267218 559997 4961 4961 958750 958750 156704 148889 7815 156020 79157 72709 4154 1457443 1325198 73109 59136 36650 32701 2518 1431 82751 75831 2372 4548 157565 124877 26968 5720 2624 708 1916 58472 58472 28651 28651 68170 2340 10050 55780 21120 14931 4054 2135 45289 22653 20520 2116 174279 127668 28003 18608 13006 10553 1567 886 123526 18862 104664 30480 22860 4572 3048 49401 49401 SUPPLIES AND SERVICES 178078 100342 30095 47641 SBLF - OTHER OPERATIONS 19649 19649 3823589 3090930 519641 213018 854352 148151 386856 365892 426249 514145 18073 33568 1460562 210000 42659 36526 138556 79556 65708 59000 3022863 2556527 461488 319772 15754 11983 6754564 4255564 422335 188212 120547 80215 151380 950000 2016902 1350427 3661164 1618854 X 1850542 1701341 1242858 935369 3093400 2636710 6754564 4255564 X 366443 -236811 -586322 X false true X true false X 2938526 2612145 2828771 3772658 3362817 15514917 2938526 2612145 2828771 3772658 3362817 15514917 37831 15477086 60876 96532 65134 141872 104121 468535 15983452 267218 0.96830 0.94990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3022640 284293 -750640 2556293 2625595 5000 392045 3022640 3317792 -180625 -511572 2625595 3052362 -104000 369430 3317792 2653691 40000 358671 3052362 0.76180 0.13310 0.10510 false false 10873 7612 3261 47226 17377 29849 80457 54567 25890 59000 LINE OF CREDIT 864690 LEASE LIABILITY 340737 ADVANCES RECEIVED FOR LENDING 145000 1350427 X SCHEDULE D, PAGE 3, PART X WEV IS A NONPROFIT 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 AND WFS FILE EXEMPT ORGANIZATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. WEV DID NOT GENERATE ANY UNRELATED BUSINESS INCOME DURING THE YEAR ENDED DECEMBER 31, 2024. WEV IS NOT UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR ANY OPEN TAX YEARS. false CASH GRANTS 102 768750 FORGIVABLE LOANS 19 190000 SCHEDULE I, PAGE 4, PART IV PART III, COLUMN (B): 1. CASH GRANTS: PROVIDED THROUGH CA ETP SEED1 AND SEED2 GRANTS. FUNDS MUST BE USED ACCORDING TO DESCRIPTION PROVIDED ON BUSINESS PLAN/GRANT APPLICATION. NUMBER OF RECIPIENTS IS DETERMINED BY TERMS OF CONTRACT. 2. FORGIVABLE LOANS: THE NUMBER OF RECIPIENTS IS DETERMINED BY THE TERMS OF WEV'S CONTRACT OR GRANT WITH THE FUNDER. THERE WERE 19 FORGIVABLE LOANS @ 10,000/ GRANTED TO 19 RECIPIENTS. RECIPIENTS PROVIDE RECEIPTS FOR SPENDING THAT MATCH THOSE DESCRIBED IN THEIR APPLICATIONS. X X X true false false false false false false false false NICOLA PARR CEO 147089 4515 5100 156704 KATHY ODELL CEO (FORMER) 83311 72709 156020 MARSHA BAILEY CEO EMERITUS 182308 182308 SCHEDULE J, PAGE 1, PART I, LINE 4 KATHY ODELL 72,709 0 0 FORM 990, PAGE 2, PART III, LINE 3 WEV FUNDING SOLUTIONS ("WEVFS") WAS FORMED TO HOUSE WOMEN'S ECONOMIC VENTURES' ("WEV") LENDING PROGRAM. WEV IS THE SOLE MEMBER OF WEVFS. BEGINNING OCTOBER 1, 2024, WEVFS BEGAN TRANSACTING LOANS. FORM 990, PAGE 6, PART VI, LINE 11B WOMENS ECONOMIC VENTURES HAS AN AUDIT COMMITTEE, WHICH REVIEWS THE AUDIT UPON COMPLETION. THE FINANCE COMMITTEE AND THE BOARD REVIEWS THE 990 BEFORE IT IS SIGNED BY THE CEO AND FILED. FORM 990, PAGE 6, PART VI, LINE 12C WEV HAS A CONFLICT OF INTEREST POLICY WHICH IS DISTRIBUTED ANNUALLY TO EACH BOARD MEMBER AND REQUIRES SIGNED ACKNOWLEDGEMENT. FORM 990, PAGE 6, PART VI, 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. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 19 UPON REQUEST, GOVERNING DOCUMENTS ARE SUPPLIED BY THE CEO OR GRANTS MANAGER. FORM 990, PART XI, LINE 9 -586,322 TEMP RESTRICTED FUNDS TRANSFERRED FROM WEV TO WEV FUNDING SOLUTIONS 332,524 TRANSFER OF CERTAIN WEV BALANCE SHEET ACCOUNTS TO WEV FUNDING SOLUTIONS, NET 253,798 WEV FUNDING SOLUTIONS 21 E CANON PERDIDO ST STE 301 SANTA BARBARA CA 93101 934132075 LENDING CA 501C3 7 WEV WOMEN'S ECONOMIC VENTURES true false false false true false false false false false false false false false false false false false true false WEV FUNDING SOLUTIONS R 1980281 BOOK VALUE AT TRANSFER WEV FUNDING SOLUTIONS E 1393959 BOOK VALUE AT TRANSFER