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Womens Economic Ventures

Womens Economic Ventures

Santa Barbara, CA 93101
Tax ID95-3674624

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About this organization

Revenue

$5,286,886

Expenses

$2,170,136

Website

wevonline.org

Mission

Women's 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 $150,000 to promising entrepreneurs unable to qualify for traditional financing. WEV became a U S Treasury certified Community Development Financial Institution (CDFI) in 1999.

About

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.

Interesting data from their 2019 990 filing

The purpose of the non-profit is stated in the filing as “Womens economic ventures (wev) is dedicated to creating an equitable and just society through the economic empowerment of women.”.

Their activities were defined as: “Womens economic ventures (wev) is dedicated to creating an equitable and just society through the economic empowerment of women.”.

  • As per legal requirements, the non-profit's state of operation is reported as CA.
  • The non-profit's address in 2019 as per the filing is 333 S Salinas St, SANTA BARBARA, CA, 93103.
  • The form of the non-profit organization shows 36 employees as of 2019.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $3,116,750.
  • The compensation policy for the CEO of the organization is established through an impartial evaluation and endorsement.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 14 independent voting members.
  • The organization was formed in 1981.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $1,459,135 in salary, compensation, and benefits to its employees.
  • The organization pays $178,920 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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