Overview
What is Women's Economic Ventures?
Women's Economic Ventures (WEV) is a community development financial institution (CDFI) situated in Santa Barbara, California. Their primary mission is to foster economic empowerment among women by offering small business loans, business training, and technical assistance. WEV serves a wide range of clients, including both men and women, and provides micro enterprise loans of up to $25,000 for startups and business expansion loans of up to $150,000 for prebankable businesses. In 2022, WEV delivered 1,843 sessions of individual consulting to 185 clients and granted 24 business loans amounting to $624,500. The organization is committed to contributing to a more equitable and just society.
Official website here: www.wevonline.org
Is Women's Economic Ventures legitimate?
Women's Economic Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Economic Ventures submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $288,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,066,184
For more financial information, click here
Official website here: www.wevonline.org
What is the mission statement of Women's Economic Ventures?
Women's Economic Ventures (WEV) is committed to fostering a fair and just society by empowering women economically. Their mission is centered around this objective, striving to achieve it through various means. Specifically, WEV provides small business loans, business training, and technical assistance to primarily low-income women, helping them to either start or expand their ventures. As a Community Development Financial Institution (CDFI), WEV offers micro-enterprise loans up to $25,000 for startups and business expansion loans up to $150,000 for prebankable businesses. In 2022, WEV offered training and technical assistance to numerous clients and provided 24 business loans totaling $624,500. While WEV serves both men and women in all its programs, its primary focus is on economically empowering women.
Official website here: www.wevonline.org
Who is the CEO of Women's Economic Ventures?
Kathy Odell is the Co-Vice Chair of Women's Economic Ventures. The CEO's salary of Women's Economic Ventures is $182,319 and their total compensation is $183,342.
Official website here: www.wevonline.org
What is the revenue of Women's Economic Ventures?
Women's Economic Ventures's revenue in 2022 was $3,113,690.
Official website here: www.wevonline.org
Who are the executives of Women's Economic Ventures and what are their salaries?
The average compensation at Women's Economic Ventures during 2022 was $43,602. There are 54 employees and 77 volunteers at Women's Economic Ventures.
Here are 22 key members and their salaries (Women's Economic Ventures's CEO's salary is $182,319 and their total compensation is $183,342):
- Kathy Odell (Ceo/President)
- Nicola Parr (Dir Of Programs/Services/Initiatives)
- Marni Brook (Director Of Lending)
- Amy Rowe (Director Of Impact/Engagement)
- Barbara Macnaughton (Director Of Development)
- Deborah Rivas (Controller)
- Banks Staples Pecht (Co-Vice Chair) [Trustee/Director]
- Andy Winchester (Co-Vice Chair) [Trustee/Director]
- Nancy Crouse (Treasurer) [Trustee/Director]
- Linda Rossi (Secretary) [Trustee/Director]
- Emily Latour (Board Member) [Trustee/Director]
- Katya Armistead (Board Member) [Trustee/Director]
- Emma Bridges (Board Member) [Trustee/Director]
- Kristina Eriksen (Board Member) [Trustee/Director]
- Scott Hansen (Board Member) [Trustee/Director]
- Cheryl Heitman (Board Member) [Trustee/Director]
- Junemarie Justus (Board Member) [Trustee/Director]
- Elaine Kitagawa (Board Member) [Trustee/Director]
- Melissa Livingston (Board Member) [Trustee/Director]
- Ale Ortega-Botello (Board Member) [Trustee/Director]
- Deanna Steiger (Board Member) [Trustee/Director]
- Rosanne Welcher (Board Member) [Trustee/Director]
Official website here: www.wevonline.org
Where can I find the form 990 for Women's Economic Ventures?
The Women's Economic Ventures’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wevonline.org
Learn more at the official website: www.wevonline.org
Mission Statement of Women's Economic Ventures
Women's Economic Ventures (WEV) is committed to fostering a fair and just society by economically empowering women. Their mission is centered around this principle, aiming to uplift women and contribute to societal equality. As a Community Development Financial Institution (CDFI), WEV provides essential resources such as small business loans, business training, and technical assistance. These services are instrumental in helping low-income women launch or expand their businesses. WEV offers micro-enterprise loans of up to $25,000 for startups and business expansion loans of up to $150,000 for pre-bankable businesses. It's worth noting that WEV serves both men and women in all its programs, demonstrating its commitment to inclusivity. In 2022, WEV provided training and technical assistance to a significant number of clients, offering 1,843 individual consulting sessions and providing 24 business loans totaling $624,500.
Impact
This information is meant to be a general summary of Women's Economic Ventures. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, July 21, 2024
Women's Economic Ventures (WEV) empowers primarily low-income women by providing them with small business loans, business training, and technical assistance. In 2022, WEV delivered 1,843 sessions of individual consulting to 185 clients and issued 24 business loans totaling $624,500. This assistance enables women to start or expand their small businesses, contributing to their economic independence and success. By offering micro enterprise loans of up to $25,000 for startups and business expansion loans of up to $150,000 for prebankable businesses, WEV plays a crucial role in fostering entrepreneurship and economic growth in the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION PROGRAM FEES
Revenue
$91,945
LOAN INTEREST EARNED
Revenue
$78,198
FEES FOR SERVICE
Revenue
$33,800
LOAN FEES EARNED
Revenue
$7,141
OTHER PROGRAM INCOME
Revenue
$1,754
Organization Details
Founding Year
1981
Phone
(805) 965-6073
Principal Officer
Kathy Odell
Main Address
21 E CANON PERDIDO STREET SUITE 3, SANTA BARBARA, CA, 93101
Website
www.wevonline.org
NTEE Category
Code: W70Z - Public benefit
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