2022-06-10T17:52:53-05:00 2021-12-31 843463346 LOFTIS & LOVATO GROUP 5501 EAGLE ROCK AVE NE SUITE C-5 ALBUQUERQUE NM 87113 990 2021-01-01 850367809 WOMEN'S ECONOMIC SELF-SUFFICIENCY TEAM CORP WOME 5052466900 609 BROADWAY NE ALBUQUERQUE NM 87102 AGNES NOONAN PRESIDENT 5052466900 2022-05-30 true AGNES NOONAN 999009999 NICK LOFTIS P00546190 5052935009 2022-05-30 2021 2022-09-23 18:48:47Z WESST AGNES NOONAN 609 BROADWAY NE ALBUQUERQUE NM 87102 3382812 false X WWW.WESST.ORG X 1988 NM WESST'S MISSION IS TO BE A HOME TO ENTREPRENEURS. WE PROVIDE A SUPPORT SYSTEM OF CONSULTING, TRAINING, INCUBATION AND LENDING TO HELP CLIENTS SUCCESSFULLY STRENGTHEN AND GROW THEIR BUSINESSES (CONTINUED ON SCHEDULE O) 14 13 36 75 0 2707185 2900073 328381 292828 124 78 141861 3035690 3334840 168350 111000 0 1738973 1842385 0 147033 891909 1043330 2799232 2996715 236458 338125 11391087 11151256 2018740 1449303 9372347 9701953 WESST'S MISSION IS TO BE A HOME TO ENTREPRENEURS. WE PROVIDE A SUPPORT SYSTEM OF CONSULTING, TRAINING, INCUBATION AND LENDING TO HELP CLIENTS SUCCESSFULLY STRENGTHEN AND GROW THEIR BUSINESSES (CONTINUED ON SCHEDULE O) false false 2005691 275161 FOUNDED IN 1988, WESST IS COMMITTED TO DIVERSITY, EQUITY AND INCLUSION IN OUR ECONOMY. TO THIS END, WESST TARGETS ITS SERVICES TO WOMEN, PEOPLE OF COLOR, LOW-WEALTH INDIVIDUALS AND OTHER MARGINALIZED POPULATIONS WHO FACE SIGNIFICANT CHALLENGES IN STARTING AND GROWING A SUCCESSFUL BUSINESS. WESST OFFERS COMPREHENSIVE BILINGUAL BUSINESS SERVICES FROM THE PRE-STARTUP STAGE THROUGH GROWTH AND REPOSITIONING. OVER THE PAST 3 DECADES, WESST HAS FACILITATED THE START-UP OF 2,605 NEW BUSINESSES, THE CREATION OF 5,319 JOBS AND 10.0 MILLION LOANED TO A CLIENT BASE WHICH IS 65% FEMALE, 65% MINORITY AND 60% PERSONS OF LOW WEALTH. HEADQUARTERED IN ALBUQUERQUE, WESST SERVES THE ENTIRE STATE OF NEW MEXICO THROUGH ITS REGIONAL OFFICE NETWORK IN FARMINGTON, HOBBS, LAS CRUCES, (CONTINUED ON SCHEDULE O) 596190 111000 17667 FINANCIAL ASSISTANCE: AT DECEMBER 31, 2021, WESST HAD 60 LOANS OUTSTANDING TOTALING APPROXIMATELY 578,417. THESE LOANS ARE FOR SMALL BUSINESSES WHICH ARE UNABLE TO OBTAIN FINANCING FROM BANKS OR OTHER TRADITIONAL SERVICES, AND ASSISTANCE IN ACCESSING OTHER FINANCIAL RESOURCES. 2601881 true true false false false false false false true true true false false false true true true false false false false false false false true false false false true false false false false false false false false false false false false false true false false false false true 39 0 true 36 true false false false false false true true false false false false false false X 14 13 false false false false false false false true true false false true true true true true true true true false NM X CHERI LOPEZ 5052466900 609 BROADWAY NE ALBUQUERQUE NM 87102 AGNES NOONAN PRESIDENT 40.00 X X 103014 0 19878 AGNES MALDONADO EX DIR. OF F 40.00 X 47133 0 1414 CHERI LOPEZ DIRECTOR OF 40.00 X 43073 0 3249 MOLLY BELL PAST CHAIR 2.00 X X 0 0 0 KEN CARSON MEMBER 1.00 X 0 0 0 RYAN CENTERWALL MEMBER 1.00 X 0 0 0 ADAM CIEPIELA MEMBER 1.00 X 0 0 0 LINDA COOPER MEMBER 1.00 X 0 0 0 CHERYL HARDT MEMBER 1.00 X 0 0 0 MONICA JOJOLA CHAIR 2.00 X X 0 0 0 MIKE LOWRIMORE TREASURER 2.00 X X 0 0 0 MITZI MONTOYA MEMBER 1.00 X 0 0 0 GEORGIE ORTIZ MEMBER 1.00 X 0 0 0 CARA GORDON POTTER VICE CHAIR 2.00 X X 0 0 0 JACOB SENA SECRETERAY 2.00 X X 0 0 0 LOUIS ZAINA MEMBER 1.00 X 0 0 0 193220 24541 1 false false false 2150995 749078 3054 2900073 INCUBATOR MEMBERSHIP 532000 274151 274151 LOAN INTEREST/FEES 525990 17667 17667 CONSULTING & TRAINING 541610 1010 1010 292828 78 78 189833 47972 141861 141861 3334840 292828 141939 X 111000 111000 221072 185700 22107 13265 1391217 1168623 139121 83473 24365 20467 2437 1461 89879 75499 8988 5392 115852 97315 11585 6952 42039 41880 159 378380 347566 443 30371 9004 8537 120 347 168130 157163 9316 1651 97554 97554 13283 12229 753 301 1953 1953 216799 184280 32519 31482 26759 4723 DUES AND FEES 45128 38216 3092 3820 TRAINING 26257 24767 1490 MISCELLANEOUS 10267 10267 IN-KIND SUPPLIES 3054 2373 681 2996715 2601881 247801 147033 164877 563185 3464726 3052115 317484 293069 656509 578417 8284 33129 9355346 2751552 6739414 6603794 15000 24793 27547 11391087 11151256 80544 115858 404213 89118 13294 14643 934979 760187 431858 440377 153852 29120 2018740 1449303 X 8687371 8897462 684976 804491 9372347 9701953 11391087 11151256 338125 -8519 X false true X true true true X 2293825 2283771 2096488 2707185 2900073 12281342 2293825 2283771 2096488 2707185 2900073 12281342 5936313 6345029 1067 379 192 124 78 1840 121192 150029 119721 140861 531803 12814985 1853430 0.49510 0.63970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 10000 10000 10000 10000 10000 10000 10000 10000 10000 10000 1.00000 false false 225713 225713 2349970 716077 1633893 175867 86968 88899 395364 327187 68177 6208432 1621320 4587112 6603794 FUNDS HELD FOR OTHERS 29120 29120 X 3507270 172430 172430 3334840 3334840 3177664 180949 180949 2996715 2996715 SCHEDULE D, PAGE 2, PART IV, LINE 2B DEPOSITS ARE HELD FOR WEC MEMBERSHIP. SCHEDULE D, PAGE 3, PART X WESST IS A NONPROFIT ORGANIZATION AND QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WESST REGULARLY EVALUATES ACTIVITIES AS IT RELATES TO ITS TAX-EXEMPT STATUS. IF WESST ACTIVITIES ARE DETERMINED TO BE OUTSIDE OF ITS TAX-EXEMPT STATUS THE POTENTIAL EXISTS FOR TAX LIABILITIES ON THOSE UNRELATED ACTIVITIES. CURRENTLY, WESST ENGAGES IN NO ACTIVITIES THAT RESULT IN UNRELATED BUSINESS NET INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN WESST'S FINANCIAL STATEMENTS. WESST'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. WESST'S OPEN AUDIT PERIODS ARE FOR THE YEARS ENDED DECEMBER 31, 2018 AND THEREAFTER. SOIREE 189833 189833 27779 20193 189833 189833 27779 20193 47972 141861 true IDA MATCH CONTRIBUTION 38 111000 SCHEDULE I, PAGE 1, PART I, LINE 2 THE IDA PROGRAM HAS SPECIFIC FEDERAL AND/OR STATE GUIDELINES THAT DETERMINE HOW PARTICIPANTS QUALIFY FOR IDA GRANTS, AND HOW FUNDS ARE TO BE DISTRIBUTED TO GRANTEES. WEST ADHERES TO PROGRAM GUIDELINES AND MAINTAINS DOCUMENTATION TO SUPPORT DISBURSEMENTS. FORM 990 (CONTINUED FROM ORGANIZATIONS MISSION) - THROUGH SUSTAINABLE SALES, FINANCIAL KNOWLEDGE AND JOB CREATION. (CONTINUED FROM PART III, 4A.) - RIO RANCHO, ROSWELL AND SANTA FE. IN 2009, WESST OPENED THE WESST ENTERPRISE CENTER (WEC), A LEED-CERTIFIED MIXED-USE SMALL BUSINESS INCUBATOR IN DOWNTOWN ALBUQUERQUE THAT ACCELERATES THE DEVELOPMENT OF GROWTH-ORIENTED COMPANIES. REFLECTIVE OF WESST'S ABILITY TO PRODUCE ECONOMIC IMPACT, WEC MEMBER COMPANIES HAVE CREATED 413NEW JOBS, 55.4 MILLION IN PAYROLL AND GENERATED OVER 140.3 MILLION IN REVENUES OVER THE PAST 10 YEARS. THE WEC WAS HONORED AS ONE OF "SEVEN HOTTEST START-UP INCUBATORS" BY CNNMONEY.COM IN 2010 AND IN 2017, THE WEC WAS AWARDED THE SOUTHWEST STAR AWARD BY EDA. WESST HAS BEEN THE RECIPIENT OF NUMEROUS HONORS INCLUDING THE ETHICS IN BUSINESS AWARD IN 2011 AND AED'S 505 COMMUNITY LEADERSHIP AWARD IN 2019. WESST HAS BEEN A LONG-TIME RESOURCE PARTNER OF THE U.S. SMALL BUSINESS ADMINISTRATION AND HOSTS SIX SBA WOMEN'S BUSINESS CENTERS IN NEW MEXICO. WESST IS ALSO AN SBA MICROLENDER AND A CDFI COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION). FORM 990, PAGE 6, PART VI, LINE 11B THE WESST FINANCE COMMITTEE REVIEWS THE FIRST DRAFT FOR ACCURACY, CONTENT AND COMPLETENESS. FINANCE COMMITTEE MEMBERS ADDRESS QUESTIONS TO INTERNAL STAFF AND/OR THE CPA FIRM PREPARING THE 990. A FINAL COPY OF THE 990 IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C WESST DIRECTORS, OFFICERS AND KEY EMPLOYEES MUST COMPLETE A WESST DISCLOSURE QUESTIONNAIRE ANNUALLY BY DECEMBER 31ST. WESST'S EXECUTIVE COMMITTEE IS DILIGENT IN ITS REVIEW OF THE ANNUAL DISCLOSURE FORMS, CONSISTENTLY MONITORING AND MAINTAINING A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE USING COMPARABILITY DATA AND THE DATA IS DOCUMENTED. COMPENSATION REVIEWS FOR OTHER WESST EMPLOYEES ARE DONE BY THE EXECUTIVE DIRECTOR, USING COMPARABILITY DATA, WHICH IS DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE USING COMPARABILITY DATA AND THE DATA IS DOCUMENTED. COMPENSATION REVIEWS FOR OTHER WESST EMPLOYEES ARE DONE BY THE EXECUTIVE DIRECTOR, USING COMPARABILITY DATA, WHICH IS DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G 347,566 443 30,371 WESST REAL ESTATE HOLDINGS LLC 00-0000000 500 4TH ST NW STE 1000 ALBUQUERQUE NM 87102 LAND HOLDI NM WESST