2015-06-22T15:22:13-05:00 2014-12-31 202486011 LOFTIS GROUP LLC 6721 ACADEMY RD NE STE D ALBUQUERQUE NM 871093370 990 2014-01-01 850367809 WOMEN'S ECONOMIC SELF-SUFFICIENCY TEAM WOME 5052466900 609 BROADWAY NE ALBUQUERQUE NM 87102 AGNES NOONAN PRESIDENT 5052466900 2015-06-19 true NICK LOFTIS P00546190 5052935009 2015-06-19 2014 2016-04-25 22:37:26Z AGNES NOONAN 609 BROADWAY NE ALBUQUERQUE NM 87102 2333685 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. 20 19 27 50 0 2032189 1798959 391452 369724 1333 1448 142063 2424974 2312194 3970 138393 0 1428794 1520844 0 130501 967001 943963 2399765 2603200 25209 -291006 12217570 11760798 2366270 1732959 9851300 10027839 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 1466672 138393 304549 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. 743125 65175 FINANCIAL ASSISTANCE: AT DECEMBER 31, 2014, WESST HAD 104 LOANS OUTSTANDING TOTALING APPROXIMATELY 868,000. 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. 2209797 true true false false false false false false true true true false true 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 8 0 true 27 true false false false false false false false false false false false false X 20 19 false false false false false false false true true false false true true true true true true true true false NM X X X SHARON WIEDENHAUPT 5052466900 609 BROADWAY NE ALBUQUERQUE NM 87102 AGNES NOONAN PRESIDENT 40.00 X 97000 0 33759 SALLY ADAMS CHAIR 2.00 X X 0 0 0 ANGELA ANDERSON VICE CHAIR 2.00 X X 0 0 0 REBECCA AVITIA SECRETARY 2.00 X X 0 0 0 MOLLY BELL MEMBER 1.00 X 0 0 0 MICHAEL D BICKEL MEMBER 1.00 X 0 0 0 THOMAS BRIONES MEMBER 1.00 X 0 0 0 DON CHALMERS MEMBER 1.00 X 0 0 0 LEEANNA FRESQUEZ MEMBER 1.00 X 0 0 0 MARY L JURY MEMBER 1.00 X 0 0 0 LINDA KIER MEMBER 1.00 X 0 0 0 SUL KASSICIEH MEMBER 1.00 X 0 0 0 MARK NAPOLIN MEMBER 1.00 X 0 0 0 ARVIND RAICHUR MEMBER 1.00 X 0 0 0 SHAREN RAMIREZ MEMBER 1.00 X 0 0 0 KATIE SZCZEPANIAK RICE MEMBER 1.00 X 0 0 0 LAUREL SHELTON TREASURER 2.00 X X 0 0 0 RON TALBOT MEMBER 1.00 X 0 0 0 ADAM TRUBOW MEMBER 1.00 X 0 0 0 DAVID VEDERA PAST CHAIR 1.00 X 0 0 0 SHARON WIEDENHAUPT CHIEF FINANC 40.00 X 67771 0 10844 164771 44603 false false false 1254269 544690 23373 1798959 INCUBATOR MEMBERSHIP 532000 250579 250579 LOAN INTEREST/FEES 525990 65175 65175 CONSULTING & TRAINING 541610 53970 53970 369724 1448 1448 163554 21491 142063 2312194 369724 1448 138393 138393 164770 72685 62985 29100 1127224 986750 66214 74260 21421 17565 2142 1714 90546 74248 9055 7243 116883 93506 15195 8182 18860 9430 9430 243578 231399 12179 8610 6888 861 861 169164 143272 16916 8976 100481 80385 20096 34030 31308 2722 27873 27873 233346 198344 35002 24335 19468 4867 IN-KIND SUPPLIES 23371 18463 4908 TRAINING 17957 17957 PAID TO SUBRECIEPIENTS 13953 13953 MISCELLANEOUS 11812 11317 330 165 16593 16593 2603200 2209797 262902 130501 324654 310409 2533725 2237265 177919 257032 56771 3052 14137 21890 9196937 1153106 8261023 8043831 831114 868030 18227 19289 12217570 11760798 79352 72421 8103 219414 18493 16045 1131378 903577 1075590 380744 53354 140758 2366270 1732959 X 1986502 9888101 7854548 129738 10250 10000 9851300 10027839 12217570 11760798 X -291006 467545 X false true X true true true X 2317842 1598391 1866114 2134844 2049539 9966730 2317842 1598391 1866114 2134844 2049539 9966730 9966730 1394 2967 1149 1333 1448 8291 9975021 673063 0.99920 0.99870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 10250 -250 10000 1345 8655 250 10250 1345 1345 1345 1345 1345 1345 1.00000 false false 225713 225713 2337922 318355 2019567 115849 43757 72092 325375 71659 253716 6192078 719335 5472743 8043831 NOTES RECEIVABLE 868030 868030 IDA PARTICIPANT ACCOUNTS 122139 THRIVEABQ 18619 140758 X 2600310 288116 288116 2312194 2312194 2891316 288116 288116 2603200 2603200 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, 2011 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. SCHEDULE D, PAGE 4, PART XIII FUNDS ARE INTENDED TO PROVIDE A STABLE SOURCE OF INCOME FOR ORGANIZATIONAL ACTIVITIES. SOIREE 163554 163554 21491 163554 163554 21491 21491 142063 true IDA MATCH CONTRIBUTION 58 138393 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 - 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 XI, LINE 9 CERTAIN ERRORS RESULTING IN A MISSTATEMENT OF UNRESTRICTED, TEMPORARILY RESTRICTED AND PERMANENTLY RESTRICTED NET ASSETS AS WELL AS A MISSTATEMENT OF FEDERAL GRANT REVENUE AND THE AMOUNT RECORDED AS THE CAPITAL LEASE PAYABLE WERE DISCOVERED DURING THE CURRENT YEAR: A REDUCTION OF TEMPORARILY RESTRICTED NET ASSETS AND PERMANENTLY RESTRICTED NET ASSETS OF APPROXIMATELY 7,799,000 WAS MADE AND UNRESTRICTED NET ASSETS WERE INCREASED. THIS ADJUSTMENT WAS THE RESULT OF BALANCES INAPPROPRIATELY RESTRICTED FOR PROPERTY AND PROGRAMS, FOR WHICH THE INITIAL RECEIPT OF FUNDS WAS NOT A CONTRIBUTION OR FOR WHICH THE CONTRIBUTION RESTRICTION WAS MET PRIOR TO DECEMBER 2012. AN ADJUSTMENT FOR FEDERAL GRANT REVENUE RECORDED IN A PREVIOUS YEAR OF APPROXIMATELY 236,000 WAS RECORDED AS DEFERRED REVENUE AND A CORRESPONDING ADJUSTMENT WAS MADE TO REDUCE PREVIOUSLY REPORTED NET ASSETS. THIS ADJUSTMENT WAS THE RESULT OF FEDERAL GRANT REVENUE THAT HAD NOT BEEN USED FOR ITS INTENDED PURPOSE BY WESST, HOWEVER THE GRANT REVENUE HAD INAPPROPRIATELY BEEN RECOGNIZED AS INCOME PRIOR TO DECEMBER 31, 2013. A DECREASE OF THE CAPITAL LEASE PAYABLE OF APPROXIMATELY 703,000 WAS RECORDED AND A CORRESPONDING ADJUSTMENT WAS MADE TO INCREASE PREVIOUSLY REPORTED NET ASSETS. THIS ADJUSTMENT WAS THE RESULT OF RECOGNIZING THAT THE CAPITAL LEASE PAYABLE WAS NOT REQUIRED TO BE MADE, DUE TO THE FACT STIPULATIONS IN THE LEASE WERE MET PRIOR TO DECEMBER 31, 2012. WESST REAL ESTATE HOLDINGS LLC 00-0000000 500 4TH ST NW STE 1000 ALBUQUERQUE NM 87102 LAND HOLDI NM WESST