2017-02-06T14:01:28-06:00 2016-06-30 390758449 Wipfli LLP 7601 France Avenue South Suite 400 Minneapolis MN 55435 990 2015-07-01 411463426 WomenVenture WOME 6122249540 2021 East Hennepin Avenue No 200 Minneapolis MN 55413 Elaine Wyatt Executive Director 6122249540 2017-01-27 1 Lisa Desotelle CPA P00952721 9525483400 2017-01-27 2015 2021-01-29 14:40:06Z Elaine Wyatt 2021 East Hennepin Avenue No 200 Minneapolis MN 55413 2006957 0 X www.womenventure.org X 1983 MN Womenventure is dedicated to helping women attain economic self-sufficiency. 22 22 22 198 0 0 1616936 1846850 153841 120570 344 266 -1547 -35513 1769574 1932173 0 0 0 0 952583 1021959 0 0 236762 525981 717989 1478564 1739948 291010 192225 2103645 2605599 788991 1102416 1314654 1503183 X WomenVenture helps women attain economic self-sufficiency through the creation and growth of profitable and sustainable businesses. 0 0 1366184 0 120570 BUSINESS DEVELOPMENT:WOMENVENTURE SUPPORTS WOMEN TO ATTAIN ECONOMIC SUCCESS AND INDEPENDENCE BY PROVIDING CLASSES, CAPITAL AND ONGOING CONSULTATION THROUGH ALL STAGES OF BUSINESS DEVELOPMENT. CAPITAL IS PROVIDED TO LOW-COLLATERAL, HIGHER RISK CLIENTS THROUGH FEDERAL, STATE AND CITY FUNDS AS A U.S. SMALL BUSINESS ADMINISTRATION (SBA) LOAN PROVIDER. QUALIFIED BORROWERS CAN RECEIVE START UP AND EXPANSION LOANS AND SCHOLARSHIPS OF $500 - $50,000. IN TAX YEAR 2015 WOMENVENTURE DISBURSED AND FACILITATED APPROXIMATELY $5,894,000 IN LOANS HELPING 614 SMALL BUSINESSES. THIS HELPED CREATE OR RETAIN 1,319 JOBS. The created jobs paid a median wage of $27/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 CLASSES, THEY ALSO HELP CLIENTS NETWORK WITH OTHER ENTREPRENEURS AND ALSO HAVE MENTORS TO ENSURE THE PROGRESS AND SUCCESS. In tax year 2015, the organization provided over 9,328 hours of training and consulting to clients.THE ORGANIZATION PROVIDED DIFFERENT CLASSES (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. 1366184 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 22 1 0 0 0 0 0 1 1 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X Barbara Diekmann 6122249540 2021 E Hennepin Ave Ste 200 Minneapolis MN 55413 Bonnie Alton Board Member 2.00 X 0 0 0 Kara Ellinger Board Member 2.00 X 0 0 0 Laura Fries Board Member 2.00 X 0 0 0 Debra Gondeck-Becker Board Member 2.00 X 0 0 0 Catherine Gunsbury Board Member 2.00 X 0 0 0 Meghan Harris Board Member 2.00 X 0 0 0 Christine Hobrough Board Member 2.00 X 0 0 0 Adrienne Jordan Board Member 2.00 X 0 0 0 Elda Macias Board Member 2.00 X 0 0 0 Beth Markoe Board Member 2.00 X 0 0 0 Jeri Meola Board Member 2.00 X 0 0 0 Betsy Ordal Board Member 2.00 X 0 0 0 Stacy Pagano Board Member 2.00 X 0 0 0 Carla Pavone Board Member 2.00 X 0 0 0 Linnea Solem Board Member 2.00 X 0 0 0 Alyson Van Dyk Board Member 2.00 X 0 0 0 Jenny Verner Board Member 2.00 X 0 0 0 Rebecca Wall Board Member 2.00 X 0 0 0 Susan Kinder Chair 2.00 X X 0 0 0 Bridget Essma Vice Chair 2.00 X X 0 0 0 Jandeen Boone Secretary 2.00 X X 0 0 0 Wendy Harden Treasurer 2.00 X X 0 0 0 Elaine Wyatt Executive Director 40.00 X 93428 0 0 Patricia Bosquez Senior Finance & Compliance Officer 40.00 X 62818 0 0 156246 0 0 0 0 0 0 0 185179 1173912 487759 1000 1846850 Loan Interest Income 900099 78508 78508 Training Income 561300 42062 42062 120570 266 266 37733 185179 74784 -37051 -37051 1538 1538 1538 1932173 120570 0 -35247 X 168658 133239 13493 21926 680398 558387 46265 75746 6124 5211 160 753 57593 49009 1500 7084 109186 90658 7057 11471 21222 21222 35004 20352 11686 2966 788 788 230796 172740 8161 49895 8456 3445 5011 103324 75902 10702 16720 88323 64004 3036 21283 76479 63130 5007 8342 25052 12462 11829 761 42474 27244 8681 6549 4581 3494 1087 53027 46326 1717 4984 17253 13398 2124 1731 Dues and Subscriptions 11210 5961 3709 1540 1739948 1366184 137002 236762 304646 469297 750913 876320 126718 280379 31096 52109 30316 39853 319068 257052 88153 62016 71641 18965 700162 806660 2103645 2605599 101072 93099 12093 36355 593826 742617 82000 94000 0 136345 788991 1102416 X 531230 613892 763728 869595 19696 19696 1314654 1503183 2103645 2605599 192225 -3696 0 X 0 1 X 1 1 1 X 1499206 1388517 1540460 1616936 1846850 7891969 1499206 1388517 1540460 1616936 1846850 7891969 138164 7753805 47485 41946 19291 419 266 109407 8001376 1091673 0.96910 0.95870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19696 19696 19696 19696 21522 3359 -5017 -168 19696 18792 2913 -183 21522 19400 -440 -168 18792 0.00000 1.00000 0.00000 0 0 319068 257052 62016 62016 Program Lending 806660 C 806660 Line of Credit 121711 Capital Leases 14634 136345 X 1945192 -3696 17503 13807 1931385 788 788 1932173 1756663 17503 17503 1739160 788 788 1739948 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 30,2016, there were no such interest or penalties recorded in the accompanying financial statements. Fall Leadership 222912 185179 37733 1000 38564 7250 27970 222912 185179 37733 1000 38564 7250 27970 74784 -37051 Form 990, Part VI, Section B, line 11 THE FINANCE COMMITTEE, EXECUTIVE COMMITTEE, AND BOARD REVIEWS AND APPROVES THE RETURN PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. 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 NON-PROFITS 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. Form 990, Part IX, line 11g Entrepreneurship: Program service expenses 106,204. Management and general expenses 0. Fundraising expenses 0. Total expenses 106,204. Loan Services : Program service expenses 58,664. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,664. Grant Writing Services: Program service expenses 0. Management and general expenses 0. Fundraising expenses 49,895. Total expenses 49,895. Other Expenses: Program service expenses 7,872. Management and general expenses 8,161. Fundraising expenses 0. Total expenses 16,033.