2015-06-30T11:47:27-07:00 2014-12-31 Hillary Tentler CPA 735 State St Suite 626 Santa Barbara CA 931015504 990 2014-01-01 953674624 Womens Economic Ventures WOME 8059656073 333 S Salinas SANTA BARBARA CA 93103 Marsha Bailey CEO 2014-06-29 true Hillary Tentler P00185301 8058849608 X 2014 2016-04-25 22:37:26Z Brenda Allison 5755 Valentine Rd 301 Ventura CA 93003 1347039 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 almost 5,000 clients in our core training programs and over 12,000 in all programs. WEV has made nearly $3.5 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. 19 19 18 100 0 1010026 1078004 222766 257412 19978 11584 0 1252770 1347000 0 0 809590 915362 0 99291 416241 427921 1225831 1343283 26939 3717 1343005 1788388 830055 1171721 512950 616667 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 almost 5,000 clients in our core training programs and over 12,000 in all programs. WEV has made nearly $3.5 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 1101442 253306 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 2014, WEV provided training and technical assistance to 857 clients, provided 24 micro loans totaling $302k & provided 1,204 hours of consulting to 343 clients. 1101442 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 17 0 false 18 true false false false false false false false false 0 false false false false false false false false false false X 19 19 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 Brenda Allison Chair 2.00 0.00 X X 0 0 0 Emily Barany Board Member 2.00 0.00 X 0 0 0 Lisa James Board Member 2.00 0.00 X 0 0 0 Matthew Berger Board Member 2.00 0.00 X 0 0 0 Marni Brook Boardmember 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 Board Member 0.00 0.00 X 0 0 0 Kelly Marsh Board Member 2.00 0.00 X 0 0 0 Suzanne Cloutier PhD Treasurer 2.00 0.00 X X 0 0 0 Emma Bridges Secretary 2.00 0.00 X X 0 0 0 Monica White Board Member 2.00 0.00 X 0 0 0 Veronica Guerrero Board Member 2.00 0.00 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 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 146005 0 10598 146005 10598 1 false true false 0 470273 607731 1078004 education program fees 183597 183597 Loan fees Earned 6040 6040 Loan interest Earned 63669 63669 Other Income 4106 4106 257412 11623 11623 0 0 0 39 -39 -39 -39 0 0 0 0 1347000 257373 11623 0 0 0 0 0 0 793694 636621 98710 58363 0 58099 50611 1820 5668 63569 53070 5742 4757 0 3474 3474 16226 16226 0 0 0 9245 7403 1754 88 0 16443 14568 1032 843 0 0 50971 47201 2191 1579 0 0 14040 12051 1914 75 3150 2110 1040 0 4862 3403 1216 243 3317 2322 829 166 Direct Cost of Programs 221790 221783 7 Direct Cost of Fundraising 27019 27019 SBLF Loan Loss PRovision 20438 20438 SBLF Interest Cost of Funds 10000 10000 26946 16387 10076 483 1343283 1101442 142550 99291 351351 675585 0 243729 233174 0 0 0 536134 630185 0 7140 14820 48353 29684 16714 18669 0 187937 212370 0 0 3585 1343005 1788388 69454 79080 27588 417859 733013 674782 830055 1171721 X 55848 39329 317102 417338 140000 160000 512950 616667 1343005 1788388 3717 100000 X true X true X true false X 1011853 961562 993379 1010027 1078004 5054825 0 0 1011853 961562 993379 1010027 1078004 5054825 0 5054825 57478 54413 56671 76666 76987 322215 0 0 5377040 0.94010 0.93820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 206638 20000 8432 8500 964 225606 157369 30000 20110 841 206638 133508 10000 18632 4030 741 157369 132115 2088 695 133508 135820 11994 729 132115 0.03000 0.66000 0.31000 false false false 7263 1635 5628 25927 17143 8784 15163 10906 4257 18669 212370 Advances for Lending 122884 Deferred SBLF Loan Fees 1643 Note Payable MBT 25254 Rounding 1 Subordinated loans payable 525000 674782 1347000 1347000 1347000 1343283 1343283 1343283 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 146005 10598 156603 Client Note 1 Client Note 1 - Change in Accounting MethodIn 2014 WEV changed its method of accounting for certain foundation grants restricted for loans that revolve through the loan fund in perpetuity. Previously such grants were accounted for as advances received for lending purposes and were recorded on the balance sheet as a liability. These grants are now accounted for as a temporarily restricted donation. The change was made to better reflect grant intentions of creating equity and not debt. As a result, WEV has restated its temporarily restricted and total net assets as of and for the year ended December 31, 2013, with an increase of $100k. Advances for lending purposes have been reduced by a like amount.NOTE 19, Audited Financial Statement 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.