2019-02-09T08:44:19-06:00 2018-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2017-07-01 411463426 WOMENVENTURE WOME 6122249540 2021 EAST HENNEPIN AVENUE NO 200 MINNEAPOLIS MN 55413 ELAINE WYATT CEO 6122249540 2019-02-02 1 MICHAEL J PETERSON CPA P01833529 2187224705 2019-02-02 64.83.221.74 2019-02-02 09:17:42 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E433C82216CF4B1B7B2D83A781BC20530CAF3EA5 2017 2019-02-21 02:37:17Z ELAINE WYATT 2021 EAST HENNEPIN AVENUE NO 200 MINNEAPOLIS MN 55413 2295220 0 X WWW.WOMENVENTURE.ORG X 1983 MN WOMENVENTURE IS DEDICATED TO HELPING WOMEN ATTAIN ECONOMIC SELF-SUFFICIENCY. 23 23 26 215 0 0 1837210 2055424 118650 168014 460 287 -21361 -24119 1934959 2199606 0 0 0 0 1024794 1407417 0 28770 245250 640149 600512 1664943 2036699 270016 162907 2808171 3309454 1032426 1369025 1775745 1940429 X WOMENVENTURE HELPS WOMEN ATTAIN ECONOMIC SELF-SUFFICIENCY THROUGH THE CREATION AND GROWTH OF PROFITABLE AND SUSTAINABLE BUSINESSES. 0 0 1617158 0 168014 BUSINESS DEVELOPMENT:WOMENVENTURE SUPPORTS WOMEN TO ATTAIN ECONOMIC SUCCESS AND INDEPENDENCE BY PROVIDING TRAINING, CAPITAL, AND ONGOING CONSULTATION THROUGH ALL STAGES OF BUSINESS DEVELOPMENT. CAPITAL IS PROVIDED TO LOW-COLLATERAL, HIGHER RISK CLIENTS THROUGH FEDERAL, STATE, PRIVATE FOUNDATION, AND CITY FUNDS. WOMENVENTURE IS A U.S. SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROVIDER. QUALIFIED BORROWERS CAN RECEIVE START UP AND EXPANSION LOANS OF $500 - $50,000. WOMENVENTURE DISBURSED AND FACILITATED $4.9 MILLION IN LOANS HELPING 206 SMALL BUSINESSES. THIS HELPED CREATE OR RETAIN 916 JOBS. THE BUSINESS OWNERS PAID THEMSELVES AN AVERAGE WAGE OF $26 AN HOUR.WOMENVENTURE IS ALSO AN SBA WOMEN'S BUSINESS CENTER (WBC) THAT IS A PART OF A NATIONAL NETWORK OF NEARLY 100 EDUCATIONAL CENTERS DEDICATED TO ASSISTING WOMEN START AND GROW SMALL BUSINESSES. AS PART OF THE EDUCATIONAL CLASSES PROVIDED, WOMENVENTURE ALSO HELP CLIENTS NETWORK WITH OTHER ENTREPRENEURS AND MATCHES WOMEN WITH MENTORS TO ENSURE PROGRESS AND SUCCESS. IN TAX YEAR 2017, THE ORGANIZATION PROVIDED 9,662 HOURS OF TRAINING AND CONSULTING TO CLIENTS.THE ORGANIZATION PROVIDES TRAINING AND SERVICES (FREE AND PAID COURSES) TO HELP CLIENTS RECOGNIZE THEIR SKILLS AND PERSONAL IDEAS WHICH CAN BE TURNED INTO BUSINESSES BY HELPING THEM CREATE BUSINESS PLANS & LEARN ABOUT LEGAL COMPLIANCES, MARKETING, FINANCIAL, HUMAN RESOURCES, OPERATION AND SALES ASPECT OF THE BUSINESS. 1617158 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 25 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X KAREN MALMSTEN 6122249540 2021 E HENNEPIN AVE STE 200 MINNEAPOLIS MN 55413 SHELLY ELMORE BOARD MEMBER 2.00 X 0 0 0 LAURA FRIES BOARD MEMBER 2.00 X 0 0 0 MEGHAN HARRIS BOARD MEMBER 2.00 X 0 0 0 ANDREA HITZEMANN-JOHNSON BOARD MEMBER 2.00 X 0 0 0 SUSAN KINDER BOARD MEMBER 2.00 X 0 0 0 CRYSTAL MANIK BOARD MEMBER 2.00 X 0 0 0 JERI MEOLA BOARD MEMBER 2.00 X 0 0 0 ARUNA NOOKALA BOARD MEMBER 2.00 X 0 0 0 ELIZABETH ORDAL BOARD MEMBER 2.00 X 0 0 0 CARLA PAVONE BOARD MEMBER 2.00 X 0 0 0 SHELLEY PETERSON-BOURLAND BOARD MEMBER 2.00 X 0 0 0 CRISTEN PURDY BOARD MEMBER 2.00 X 0 0 0 TAMMY SCHUETTE BOARD MEMBER 2.00 X 0 0 0 LINNEA SOLEM BOARD MEMBER 2.00 X 0 0 0 ROSA TOCK BOARD MEMBER 2.00 X 0 0 0 REBECCA WALL BOARD MEMBER 2.00 X 0 0 0 AUTUMN WAY BOARD MEMBER 2.00 X 0 0 0 BROOKE WEDDLE BOARD MEMBER 2.00 X 0 0 0 SUZIE WILMOT BOARD MEMBER 2.00 X 0 0 0 JANDEEN BOONE CHAIR 2.00 X X 0 0 0 JENNY VERNER VICE CHAIR 2.00 X X 0 0 0 ALYSON VAN DYK SECRETARY 2.00 X X 0 0 0 WENDY HARDEN TREASURER 2.00 X X 0 0 0 BRIDGET ESSMA CHAIR EMERITUS 2.00 X X 0 0 0 ELAINE WYATT CEO 40.00 X 93636 0 30261 KAREN MALMSTEN CFO 29.00 X 59610 0 0 153246 0 30261 0 0 0 0 0 258050 1138857 658517 26232 2055424 LOAN INTEREST INCOME 900099 124174 124174 TRAINING INCOME 561300 43840 43840 168014 287 287 8400 0 8400 8400 8400 61819 258050 95614 -33795 -33795 1276 1276 1276 2199606 168014 0 -23832 214550 175680 27437 11433 984092 784275 73722 126095 7224 5926 390 908 85761 70426 4417 10918 115790 94343 8796 12651 13946 8546 5400 48536 48536 28770 28770 223 223 159997 144984 7787 7226 5741 533 133 5075 52705 38694 13099 912 76809 50653 4926 21230 102707 85600 6195 10912 7337 5749 509 1079 23209 10272 8978 3959 10064 3977 6087 18603 15489 1141 1973 19130 15967 1154 2009 LOAN LOSS EXPENSE 53356 53356 DUES AND SUBSCRIPTIONS 5411 2736 2675 2738 1416 1222 100 2036699 1617158 174291 245250 246825 299869 849393 957344 436712 680164 43408 5914 43099 25690 342408 315404 29495 27004 21491 23045 1137748 1290424 2808171 3309454 94805 102605 104885 89288 585823 571242 237250 601401 9663 4489 1032426 1369025 X 746699 852898 1009350 1067835 19696 19696 1775745 1940429 2808171 3309454 162907 1777 0 X 0 1 X 1 1 1 X 1540460 1616936 1846850 1837210 2055424 8896880 1540460 1616936 1846850 1837210 2055424 8896880 528978 8367902 19291 419 266 8160 8687 36823 8933703 1020356 0.93670 0.91750 X 21491 1777 223 23045 18965 2546 20 21491 19572 -370 237 18965 19696 121 245 19572 21522 3359 5017 168 19696 0.00000 0.85470 0.14530 1 0 342408 315404 27004 27004 PROGRAM LENDING 1290424 C 1290424 CAPITAL LEASES 4489 4489 X 2153298 1777 5494 7271 2146027 223 53356 53579 2199606 1988614 5494 5494 1983120 223 53356 53579 2036699 PART V, LINE 4: THIS IS A PERMANENT ENDOWMENT TO SUPPORT THE PROGRAMS OF WOMENVENTURE. INVESTMENT GAINS ON THE ENDOWMENT MAY BE USED TO CARRY OUT THE GENERAL CHARITABLE PURPOSE OF WOMENVENTURE. PART X, LINE 2: WOMENVENTURE IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES HAVE THE RIGHT TO EXAMINE THE CURRENT AND PRIOR THREE YEARS' RETURNS. ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX POSITIONS ARE REPORTED AS SUCH WITHIN THE MANAGEMENT AND GENERAL EXPENSES CATEGORY. FOR THE YEAR ENDED JUNE 30, 2018 OR 2017, THERE WERE NO SUCH INTEREST OR PENALTIES RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOAN LOSS EXPENSE 53,356. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOAN LOSS EXPENSE 53,356. X X X X X X X 1 CARRIE G MOORE 782 HAGUE AVENUE ST PAUL MN 55104 RESEARCHED GRANT OPPORTUNITIES, COMPLETED GRANT APPLICATIONS 0 0 28770 -28770 28770 -28770 MN WOMEN MEAN BUSINESS 312571 254272 58299 6235 57162 23350 3807 EMPOWER SOCIAL HOUR 7298 3778 3520 469 1201 2994 150 246 319869 258050 61819 6704 58363 2994 23500 4053 95614 -33795 X 4 20065 FAIR MARKET VALUE X EVENT ITEMS 9 6167 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION TRACKS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION WORKS CLOSELY WITH AN OUTSIDE PAID PREPARER WHO IS EXPERIENCED WITH FORM 990. THE ORGANIZATION'S CFO AND FINANCIAL MANAGER PROVIDE THE PREPARER WITH FULL INFORMATION AND CLOSELY REVIEW THE RETURN PRIOR TO GOING TO FINAL DRAFT. THE PAID PREPARER WALKS THROUGH THE 990 WITH THE FINANCE COMMITTEE AND TAKES QUESTIONS. THEREAFTER, THE FINANCE COMMITTEE APPROVES THE FORM, WITH MINOR CHANGES, AND RECOMMENDS TO THE BOARD FOR APPROVAL. THE BOARD REVIEWS AND APPROVES, AUTHORIZING THE CEO TO SIGN THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND STAFF MAKE ANNUAL DECLARATIONS OF ANY CONFLICTS OF INTEREST. WHEN CONFLICTS ARISE DURING THE YEAR, THE INTERESTED PERSON IS TO REPORT THE CONFLICT TO THE BOARD CHAIR OR THE BOARD CHAIR'S DESIGNEE. THE BOARD CHAIR, OR THE BOARD CHAIR'S DESIGNEE, DECLARES IF IT IS IN FACT A CONFLICT. DURING THE DISCUSSION OF THE TRANSACTION OR AGREEMENT IN QUESTION, THE INTERESTED BOARD MEMBER IS REMOVED FROM THE ROOM. THAT BOARD MEMBER ALSO MUST ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 WOMENVENTURE USES THE MINNESOTA COUNCIL OF NONPROFITS SALARY SURVEY WHEN DETERMINING COMPENSATION FOR TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES. THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED BY THE FULL BOARD ANNUALLY; THE BOARD CHAIR HAS A DIRECTIVE TO REVIEW MARKET COMPENSATION AND MAKE RECOMMENDATIONS. THE CFO'S COMPENSATION IS DETERMINED BY THE EXECUTIVE DIRECTOR BASED ON REVIEW OF MARKET COMPENSATION RATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.