Women Venture

Organization Overview

Women Venture is located in St Paul, MN. The organization was established in 1984. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Women Venture employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Women Venture 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, Women Venture generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 22.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Women Venture has awarded 715 individual grants totaling $7,380,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO EMPOWER WOMEN TO ACHIEVE THEIR ECONOMIC GOALS BY BUILDING PROFITABLE AND SUSTAINABLE BUSINESSES THAT TRANSFORM COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENTREPRENEURSHIP - SEE SCHEDULE O.


LENDING - SEE SCHEDULE O.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Joos
Former Cfo/interim CEO
$121,568
Erin Horne Mckinney
Former CEO
$40,345
Leeann Rasachak
Chief Executive Officer
$31,112
Elaine Wyatt
Former CEO Consultant
$15,879
Aruna Nookala
Chair
$0
Carla Pavone
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$264,081
Related organizations$0
Government grants $6,444,096
All other contributions, gifts, grants, and similar amounts not included above$1,583,979
Noncash contributions included in lines 1a–1f $65,086
Total Revenue from Contributions, Gifts, Grants & Similar$8,292,156
Total Program Service Revenue$243,058
Investment income $560
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$58,484
Net Income from Gaming Activities -$4,364
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,474,014

Grants Awarded

Over the last fiscal year, Women Venture has awarded $3,190,000 in support to 296 organizations.

Grant RecipientAmount

AARTHUN ENTERPRISES LLC

PURPOSE: MN DEED MAIN STREET GRANT

$20,000

SHOPJIMMYCOM LLC

PURPOSE: MN DEED MAIN STREET GRANT

$20,000

WALKER ART CENTER

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: MN DEED MAIN STREET GRANT

$20,000

NEW REFLECTIONS OF HAIR DESIGN INC

PURPOSE: MN DEED MAIN STREET GRANT

$20,000

ADVANCED COMMERCIAL INTERIORS LLC

PURPOSE: MN DEED MAIN STREET GRANT

$15,000

A&J ACHIEVEMENT LLC

PURPOSE: MN DEED MAIN STREET GRANT

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Women Venture has recieved totaling $20,000.

Awarding OrganizationAmount
Deluxe Corporation Foundation

Cleveland, OH

PURPOSE: GENERAL OPERATING SUPPORT

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$30,865
Earnings-$1,707
Admin Expense$258
Ending Balance$28,900

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