Womens Economic Ventures

Organization Overview

Womens Economic Ventures is located in Santa Barbara, CA. The organization was established in 1982. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Womens Economic Ventures employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Economic Ventures 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 12/2021, Womens Economic Ventures generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 10.4% 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 2018, Womens Economic Ventures has awarded 32 individual grants totaling $263,500. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

WOMENS ECONOMIC VENTURES (WEV) IS DEDICATED TO CREATING AN EQUITABLE AND JUST SOCIETY THROUGH THE ECONOMIC EMPOWERMENT OF WOMEN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WOMEN'S ECONOMIC VENTURES (WEV) 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 $150,000 TO PRE-BANKABLE BUSINESSES. WEV SERVES BOTH MEN AND WOMEN IN ALL PROGRAMS. IN 2021 WEV PROVIDED TRAINING AND TECHNICAL ASSISTANCE, INCLUDING 2,038 SESSIONS OF INDIVIDUAL CONSULTING TO 698 CLIENTS AND PROVIDED 21 BUSINESS LOANS TOTALING $500,500.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Kathy Odell
Executive Director
$174,764
Marni Brook
Director Of Lending
$106,515
Barbara Macnaughton
Director Of Development
$100,990
Deborah Rivas
Controller
$87,000
Melissa Livingston
Chair
$0
Andy Winchester
Co-Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,323,581
All other contributions, gifts, grants, and similar amounts not included above$1,288,564
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,612,145
Total Program Service Revenue$208,495
Investment income $96,532
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $247,517
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,164,689

Grants Awarded

Over the last fiscal year, Womens Economic Ventures has awarded $16,000 in support to 2 organizations.

Grant RecipientAmount

MIXTECO INDIGENA COMMUNITY ORGANIZING PROJECT (MICOP)

Org PageRecipient Profile

Oxnard, CA

PURPOSE: TRAINING PROGRAMS

$13,500

Santa Barbara, CA

PURPOSE: HIGH SCHOOL AND COLLEGE STUDENT AWARDS

$2,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Womens Economic Ventures has recieved totaling $207,428.

Awarding OrganizationAmount
William And Charlene Glikbarg Foundation

Santa Barbara, CA

PURPOSE: UNRESTRICTED CONTRIBUTION

$50,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$44,500
Mufg Union Bank Foundation Ag

Phoenix, AZ

PURPOSE: CHARITABLE

$25,000
Kaiser Foundation Hospitals

Oakland, CA

PURPOSE: Equity In Entrepreneurship Initiative: Tackling So

$20,000
Volentine Family Foundation

Santa Barbara, CA

PURPOSE: COMMUNITY SUPPORT SERVICES

$19,000
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,052,362
Earnings$369,430
Net Contributions-$104,000
Ending Balance$3,317,792

Create an account to unlock the data you need.

or