2019-05-15T16:47:05-05:00 2018-12-31 202486011 LOFTIS GROUP LLC 4811 HARDWARE RD NE STE E-4 ALBUQUERQUE NM 871092023 990 2018-01-01 850367809 WOMEN'S ECONOMIC SELF-SUFFICIENCY TEAM WOME 5052466900 609 BROADWAY NE ALBUQUERQUE NM 87102 AGNES NOONAN PRESIDENT 5052466900 2019-05-14 true NICK LOFTIS P00546190 5052935009 2019-05-15 70.90.202.41 2019-05-15 16:47:05 CD P 7563EC2E411316AF6B2B45DA109D2258FFAC4285 D2AE9665C4190E9E9CCE909C46EAAF874339B8DE 2018 2019-02-21 02:37:17Z AGNES NOONAN 609 BROADWAY NE ALBUQUERQUE NM 87102 2894847 false X WWW.WESST.ORG X 1988 NM WESST FACILITATES THE START-UP AND GROWTH OF SMALL BUSINESSES THROUGHOUT NEW MEXICO. WESST'S KEY SERVICES, OFFERED AT SIX REGIONAL OFFICES, INCLUDE MICROENTERPRISE, SMALL BUSINESS AND FINANCIAL LITERACY TRAINING, TECHNICAL ASSISTANCE, BUSINESS INCUBATION AND ACCESS TO CAPITAL THROUGH ITS REVOLVING LOAN FUND. THE WESST ENTERPRISE CENTER, A LEED-CERTIFIED SMALL BUSINESS INCUBATOR, OPENED IN JANUARY 2009. THROUGH THE BENEFITS OF A COMPREHENSIVE BUSINESS ASSISTANCE PROGRAM AND GUIDANCE FROM ADVISORS AND MENTORS, MEMBERS CAN ACCELERATE THE GROWTH OF THEIR COMPANIES. 18 17 29 27 0 2293825 2283771 401268 433757 1067 379 122192 151029 2818352 2868936 167757 237666 0 1765873 1816532 0 186900 986823 968549 2920453 3022747 -102101 -153811 11680390 11204040 1827765 1513745 9852625 9690295 X WESST FACILITATES THE START-UP AND GROWTH OF SMALL BUSINESSES THROUGHOUT NEW MEXICO. WESST'S KEY SERVICES, OFFERED AT SIX REGIONAL OFFICES, INCLUDE MICROENTERPRISE, SMALL BUSINESS AND FINANCIAL LITERACY TRAINING, TECHNICAL ASSISTANCE, BUSINESS INCUBATION AND ACCESS TO CAPITAL THROUGH ITS REVOLVING LOAN FUND. THE WESST ENTERPRISE CENTER, A LEED-CERTIFIED SMALL BUSINESS INCUBATOR, OPENED IN JANUARY 2009. THROUGH THE BENEFITS OF A COMPREHENSIVE BUSINESS ASSISTANCE PROGRAM AND GUIDANCE FROM ADVISORS AND MENTORS, MEMBERS CAN ACCELERATE THE GROWTH OF THEIR COMPANIES. false false 1749507 237666 330002 WESST FACILITATES THE START-UP AND GROWTH OF SMALL BUSINESSES THROUGHOUT NEW MEXICO. WESST'S KEY SERVICES, OFFERED AT SIX REGIONAL OFFICES, INCLUDE MICROENTERPRISE, SMALL BUSINESS AND FINANCIAL LITERACY TRAINING, TECHNICAL ASSISTANCE, BUSINESS INCUBATION AND ACCESS TO CAPITAL THROUGH ITS REVOLVING LOAN FUND. THE WESST ENTERPRISE CENTER, A LEED-CERTIFIED SMALL BUSINESS INCUBATOR, OPENED IN JANUARY 2009. THROUGH THE BENEFITS OF A COMPREHENSIVE BUSINESS ASSISTANCE PROGRAM AND GUIDANCE FROM ADVISORS AND MENTORS, MEMBERS CAN ACCELERATE THE GROWTH OF THEIR COMPANIES. 812257 103755 FINANCIAL ASSISTANCE: AT DECEMBER 31, 2018, WESST HAD 108 LOANS OUTSTANDING TOTALING APPROXIMATELY 929,000. 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. 2561764 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 true true false false false false false false false false false true false false false true false false false false true 20 0 true 29 true false false false false false true true false false false false false false X 18 17 false false false false false false false true true false false true true true true true true true true false NM X AGNES MALDONADO 5052466900 609 BROADWAY NE ALBUQUERQUE NM 87102 AGNES NOONAN PRESIDENT 40.00 X X 102723 0 23223 PERRY BENDICKSEN III CHAIR 2.00 X X 0 0 0 CHRIS OLSON VICE CHAIR 2.00 X X 0 0 0 LAUREL SHELTON TREASURER 2.00 X X 0 0 0 MOLLY BELL SECRETARY 2.00 X X 0 0 0 LINDA KIER MEMBER 1.00 X 0 0 0 TERRI GIRON-GORDON MEMBER 1.00 X 0 0 0 ANGELA ANDERSON MEMBER 1.00 X 0 0 0 SALLY ADAMS MEMBER 1.00 X 0 0 0 MICHAEL BICKEL MEMBER 1.00 X 0 0 0 SCOTT CZARNIAK MEMBER 1.00 X 0 0 0 VICTOR JURY JR MEMBER 1.00 X 0 0 0 MARK NAPOLIN MEMBER 1.00 X 0 0 0 BETTYE PRESSLEY MEMBER 1.00 X 0 0 0 ANN UTTERBACK MEMBER 1.00 X 0 0 0 CARA GORDON POTTER MEMBER 1.00 X 0 0 0 DEBBIE RAMIREZ MEMBER 1.00 X 0 0 0 JOSEPH TRIMBLE MEMBER 1.00 X 0 0 0 AGNES MALDONADO DIRECTOR OF 40.00 X 79036 0 13458 181759 36681 1 false false false 1208179 1075592 56946 2283771 INCUBATOR MEMBERSHIP 532000 298738 298738 PROVISION FOR LOAN ADJUSTMENT 525990 58090 58090 LOAN INTEREST/FEES 541610 45665 45665 CONSULTING & TRAINING 525990 31264 31264 433757 379 379 176940 25911 151029 151029 2868936 433757 151408 X 59166 59166 178500 178500 221784 178862 21461 21461 1332960 1066368 133296 133296 30069 25257 2406 2406 117036 98310 9363 9363 114683 91747 11468 11468 28700 17220 11480 302912 293824 3030 6058 1809 1628 181 137215 123683 10684 2848 92797 74237 18560 29607 27830 1777 3933 3933 227756 193591 34165 32148 27325 4823 IN-KIND SUPPLIES 56946 45557 11389 DUES AND FEES 30518 30518 TRAINING 24208 24208 3022747 2561764 274083 186900 91572 137257 2017044 1933271 959782 942147 1544 2695 1146278 929334 14764 13071 9274167 2065157 7405841 7209010 15000 15000 28565 22255 11680390 11204040 66433 74921 249457 289306 13895 17041 1015437 618638 406301 414820 76242 99019 1827765 1513745 X 8687432 8422642 1155193 1257653 10000 10000 9852625 9690295 11680390 11204040 -153811 -8519 X false true X true true true X 2049539 2185507 2216398 2293825 2283771 11029040 2049539 2185507 2216398 2293825 2283771 11029040 11029040 1448 831 1360 1067 379 5085 163554 125350 147411 121192 150029 707536 11741661 1328589 0.93930 0.95080 X false true X 10000 10000 10000 10000 10000 10000 10000 10000 10250 -250 10000 1.00000 false false 225713 225713 2349969 541135 1808834 115849 71113 44736 374204 223496 150708 6208432 1229413 4979019 7209010 FUNDS HELD FOR OTHERS 99019 99019 X 3143199 274263 274263 2868936 2868936 3305529 282782 282782 3022747 3022747 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 RESULTED IN UNRELATED BUSINESS 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, 2015 AND THEREAFTER. WESST ADOPTED THE PROVISIONS OF FASB ASC 740-10 "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES". WESST HAS NOT RECOGNIZED ANY CHANGES TO ITS FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITIONS RESULTING FROM THIS ADOPTION. SOIREE 176940 176940 25911 176940 176940 25911 25911 151029 true ENCUENTRO NUEVO MEXICO 714 4TH ST SW ALBUQUERQUE NM 87102 272016727 22083 SOUTH VALLEY ECONOMIC DEVELOPMENT CENTER 318 ISLETA BLVD SW ALBUQUERQUE NM 87105 850348445 22083 RIO GRANDE COMMUNITY DEVELOPMENT CORPORATION 318 ISLETA BLVD SW ALBUQUERQUE NM 87105 850348445 15000 IDA MATCH CONTRIBUTION 52 178500 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. X SUPPLIES 205 56946 ESTIMATED FAIR VALUE false false false FORM 990 - ORGANIZATION'S MISSION WESST FACILITATES THE START-UP AND GROWTH OF SMALL BUSINESSES THROUGHOUT NEW MEXICO. WESST'S KEY SERVICES, OFFERED AT SIX REGIONAL OFFICES, INCLUDE MICROENTERPRISE, SMALL BUSINESS AND FINANCIAL LITERACY TRAINING, TECHNICAL ASSISTANCE, BUSINESS INCUBATION AND ACCESS TO CAPITAL THROUGH ITS REVOLVING LOAN FUND. THE WESST ENTERPRISE CENTER, A LEED-CERTIFIED SMALL BUSINESS INCUBATOR, OPENED IN JANUARY 2009. THROUGH THE BENEFITS OF A COMPREHENSIVE BUSINESS ASSISTANCE PROGRAM AND GUIDANCE FROM ADVISORS AND MENTORS, MEMBERS CAN ACCELERATE THE GROWTH OF THEIR COMPANIES. 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 293,824 3,030 6,058 WESST REAL ESTATE HOLDINGS LLC 00-0000000 500 4TH ST NW STE 1000 ALBUQUERQUE NM 87102 LAND HOLDI NM WESST