2016-07-05T15:28:18-07:00 2015-12-31 Hillary Tentler CPA 735 State St Suite 626 Santa Barbara CA 931015504 990 2015-01-01 953674624 Womens Economic Ventures WOME 8059656073 333 S Salinas SANTA BARBARA CA 93103 Marsha Bailey CEO 2016-07-05 true Hillary Tentler P00185301 8058849608 X 2015 2016-09-27 15:27:22Z Emma Bridges 2069 Las Canoas Rd Santa Barbara CA 93105 1812915 false false X wevonline.org X 1981 CA Womens Economic Ventures (WEV) is dedicated to creating a just and equitable society through the economic empowerment of women. WEV provides comprehensive business training as well as individual business consulting, coaching, advanced training, peer support and networking opportunities. WEV provides start-up loans of up to $25,000 and growth loans of up to $50,000 to pre-bankable small businesses. WEV became a U.S. Treasury certified Community Development Financial Institution (CDFI) in 1999.Since 1991, WEV has served 5,000 clients in our core training programs and over 14,000 in all programs. WEV has made nearly $4 million in loans and helped start or expand more than 3,500 businesses creating or retaining an estimated 7,000 jobs in our community.WEV programs are targeted to women but are open to all. 16 16 20 100 0 1078004 1534589 257412 282400 11584 -4491 0 1347000 1812498 0 0 915362 1083970 0 142941 427921 530723 1343283 1614693 3717 197805 1788388 2077790 1171722 1263319 616666 814471 Womens Economic Ventures (WEV) is dedicated to creating a just and equitable society through the economic empowerment of women. WEV provides comprehensive business training as well as individual business consulting, coaching, advanced training, peer support and networking opportunities. WEV provides start-up loans of up to $25,000 and growth loans of up to $50,000 to pre-bankable small businesses. WEV became a U.S. Treasury certified Community Development Financial Institution (CDFI) in 1999.Since 1991, WEV has served 5,000 clients in our core training programs and over 14,000 in all programs. WEV has made nearly $4 million in loans and helped start or expand more than 3,500 businesses creating or retaining an estimated 7,000 jobs in our community.WEV programs are targeted to women but are open to all. false false 1327086 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 2015, WEV provided training and technical assistance to 378 clients, provided 28 micro loans totaling $466,723 & provided 1,323 hours of consulting to 379 clients. 1327086 true true false false false false false false false true true true false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 21 0 false 20 true false false false false false false false false 0 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 Marsha Bailey 8059656073 333 S Salinas St Santa Barbara CA 93103 X Danielle Brinkman-Vera CPA Board Member 2.00 0.00 X 0 0 0 Naomi Dewey Board Member 2.00 0.00 X 0 0 0 Lisa James Board Member 2.00 0.00 X 0 0 0 Melissa Livingston Board Member 2.00 0.00 X 0 0 0 Cristi Michelon Vazquez Board Member 2.00 0.00 X 0 0 0 Rachelle Barnier Board Member 2.00 0.00 X 0 0 0 Denny Cooper board member 2.00 0.00 X 0 0 0 Lisa Bereda Board Member 2.00 0.00 X 0 0 0 Elena Brokaw Secretary 2.00 0.00 X X 0 0 0 Kelly Marsh Board Member 2.00 0.00 X 0 0 0 Emma Bridges Chair 2.00 0.00 X X 0 0 0 Dan McGuire Board Member 2.00 0.00 X 0 0 0 Kathy Odell Board Member 2.00 0.00 X X 0 0 0 Roy Schneider Board Member 2.00 0.00 X 0 0 0 Brooke Tuason-Angel Board Member 2.00 0.00 X 0 0 0 Dr Elizabeth Wisniewski Board Member 2.00 0.00 X 0 0 0 Marsha Bailey CEO & President 40.00 0.00 X 156501 0 13619 156501 13619 1 false true false 0 640429 894160 1534589 education program fees 184992 184992 Loan fees Earned 11119 11119 Loan interest Earned 80619 80619 Other Income 5670 5670 282400 -4074 -4074 0 0 0 417 -417 -417 -417 0 0 0 0 1812498 281983 -4074 0 0 0 0 170790 129800 17079 23911 0 761242 623436 79446 58360 22561 18084 2672 1805 56691 50132 -191 6750 72686 59744 6487 6455 0 2308 2308 15756 15756 0 0 1022 1022 11146 5337 1693 4116 0 16490 13186 1253 2051 705 472 124 109 0 58066 54159 1987 1920 1118 1118 0 10316 7540 2532 244 1474 1327 74 73 0 4763 4287 238 238 4082 4082 Direct Cost of Programs 259182 259182 SBLF Loan Loss PRovision 62756 62756 Direct Cost of Fundraising 36088 36088 SBLF Interest Cost of Funds 10000 10000 35451 25336 9294 821 1614693 1327086 144666 142941 675585 819950 0 233174 236505 0 0 0 630185 794701 0 14820 10114 47712 34223 18669 13489 0 212370 198809 0 0 3585 4222 1788388 2077790 79080 74693 417859 91872 674783 1096754 1171722 1263319 X 39329 260931 417337 368540 160000 185000 616666 814471 1788388 2077790 197805 X true X true X true false X 961562 993379 1010027 1078004 1534589 5577561 0 0 961562 993379 1010027 1078004 1534589 5577561 0 5577561 54413 56671 76666 76987 91585 356322 0 0 5933883 0.94000 0.94010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 225606 25000 -6033 1022 243551 206638 20000 8432 8500 964 225606 157369 30000 20110 841 206638 133508 10000 18632 4030 741 157369 132115 2088 695 133508 0.76000 0.24000 false false false 7263 3088 4175 25286 19050 6236 15163 12085 3078 13489 198809 Advances for Lending 118142 COIN Investments 450000 Deferred SBLF Loan Fees 1403 Note Payable MBT 2209 Subordinated loans payable 525000 1096754 1812498 1812498 1812498 1614693 1614693 1614693 Part V, Line 4: Intended uses of the endowment fund. Intended use is for program support, to allow low income women to attend our self employment training. false false false false false false false false false false Marsha Bailey CEO & President 156501 13619 170120 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, will then review a draft of the 990 before it is completed. Upon the finance committee's approval, the 990 will be 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.The CEO has copies of all policies, 990s, and monthly financial reports.All financial reports are available on the intra-net for all employees to access.