Womens Rural Entrepreneurial Network
- Assets
- $244.4k
- Revenue
- $329.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Bethlehem, NH
- Founding
- 05/1997
- Data as of
- 06/2022
- EIN
- 02-0492339
Organization Overview
Womens Rural Entrepreneurial Network is located in Bethlehem, NH. The organization was established in 1997. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Womens Rural Entrepreneurial Network employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Rural Entrepreneurial Network is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Womens Rural Entrepreneurial Network generated $329.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $333.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE, CREATE AND CONNECT THROUGH ECONOMIC, EDUCATIONAL, PERSONAL AND COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL ASSISTANCE AND MARKET ACCESS FOR LOCAL ARTISANS/MICROENTREPRENEURS.
SUPPORT OF LOCAL ARTISTS THROUGH SALES, DISPLAY, AND RETAIL SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Moritz Chair Until | OfficerTrustee | 1 | $0 |
Judy Ratzel Treasurer | OfficerTrustee | 1 | $0 |
Julie Weisman Sec/ Chair 1 | OfficerTrustee | 0.5 | $0 |
Kate Foley Director | Trustee | 0.25 | $0 |
Rebecca Fullerton Director | Trustee | 0.25 | $0 |
Marie Knight Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,046 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $162,206 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,012 |
| Total Program Service Revenue | $8,355 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $74,173 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $62,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,754 |
| Advertising and promotion | $13,769 |
| Office expenses | $2,143 |
| Information technology | $8,056 |
| Royalties | $0 |
| Occupancy | $16,725 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,824 |
| Insurance | $3,192 |
| All other expenses | $869 |
| Total functional expenses | $333,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,485 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,934 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $130,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $244,430 |
| Accounts payable and accrued expenses | $3,085 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,059 |
| Total liabilities | $15,144 |
| Net assets without donor restrictions | $204,286 |
| Net assets with donor restrictions | $25,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $244,430 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Womens Rural Entrepreneurial Network has recieved totaling $33,755.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general and operating support, NH Gives | $33,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
Nashua Adult Learning Center Inc Nashua, NH | $5,002,850 | $5,676,963 |
Vermont Adult Learning Inc Waitsfield, VT | $1,289,780 | $4,391,996 |
Foundation For Civic Leadership Inc Cambridge, MA | $2,419,879 | $3,718,020 |
Northeast Kingdom Learning Services Newport, VT | $697,664 | $2,624,718 |
Eastern Millwright Regional Council Apprenticeship & Training Fund Framingham, MA | $8,198,256 | $2,598,641 |
Southeastern Massachusetts Ser-Jobs For Progress Inc Fall River, MA | $976,887 | $2,626,536 |
Massachusetts Biotechnology Education Foundation Inc Cambridge, MA | $2,372,031 | $2,337,731 |
Pbs Learning Institute Inc Braintree, MA | $1,893,398 | $2,161,588 |
Cambridge Center For Adult Education Inc Cambridge, MA | $2,957,384 | $1,801,441 |