2014-09-02T13:15:39-05:00 2013-12-31 850232815 HINKLE LANDERS PC 2500 9TH STREET NW ALBUQUERQUE NM 87102 990 2013-01-01 850367809 WOMEN'S ECONOMIC SELF-SUFFICIENCY TEAM WOME 5052466900 609 BROADWAY NE ALBUQUERQUE NM 87102 AGNES NOONAN PRESIDENT 5052466900 2014-09-02 1 FARLEY VENER P00162894 5058838788 2013 2015-11-30 17:44:51Z AGNES NOONAN 609 BROADWAY NE ALBUQUERQUE NM 87102 2424974 0 X WWW.WESST.ORG X 1988 NM MISSION: WESST (WOMEN'S ECONOMIC SELF-SUFFICIENCY TEAM) IS A STATEWIDE ECONOMIC DEVELOPMENT ORGANIZATION COMMITTED TO GROWING NEW MEXICO'S ECONOMY BY CULTIVATING ENTREPRENEURSHIP. WESST PROGRAMS PRIMARILY TARGET LOW-INCOME WOMEN AND MINORITIES TO HELP THEM ACHIEVE FINANCIAL SELF-SUFFICIENCY THROUGH SUSTAINED SELF-EMPLOYMENT. 19 18 29 50 0 0 2807557 2032189 424641 391452 1149 1333 0 0 3233347 2424974 16365 3970 0 0 1388758 1428794 0 0 147348 974891 967001 2380014 2399765 853333 25209 12609579 12217570 2783490 2366270 9826089 9851300 X MISSION: WESST (WOMEN'S ECONOMIC SELF-SUFFICIENCY TEAM) IS A STATEWIDE ECONOMIC DEVELOPMENT ORGANIZATION COMMITTED TO GROWING NEW MEXICO'S ECONOMY BY CULTIVATING ENTREPRENEURSHIP. WESST PROGRAMS PRIMARILY TARGET LOW-INCOME WOMEN AND MINORITIES TO HELP THEM ACHIEVE FINANCIAL SELF-SUFFICIENCY THROUGH SUSTAINED SELF-EMPLOYMENT. 0 0 1429181 320864 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. 604124 3970 70588 FINANCIAL ASSISTANCE: IN 2013, WESST HAD 100 LOANS OUTSTANDING TOTALING $831,114, NET. 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. 2033305 1 1 0 0 0 0 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 10 0 1 29 1 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NM X X X SHARON WIEDENHAUPT 5052466900 609 BROADWAY NE ALBUQUERQUE NM 87102 DAVID VEDERA CHAIR 2.00 X X 0 0 0 SALLY ADAMS VICE CHAIR 2.00 X X 0 0 0 LAUREL SHELTON TREASURER 2.00 X X 0 0 0 MARY JURY IMMEDIATE PAST CHAIR 1.00 X 0 0 0 MICHAEL BICKEL MEMBER 1.00 X 0 0 0 TOM BRIONES MEMBER 1.00 X 0 0 0 DON CHALMERS MEMBER 1.00 X 0 0 0 ARVIND RAICHUR MEMBER 1.00 X 0 0 0 SUL KASSICIEH MEMBER 1.00 X 0 0 0 SHAREN RAMIREZ MEMBER 1.00 X 0 0 0 ADAM TRUBOW MEMBER 1.00 X 0 0 0 JUDY ZANOTTI SECRETARY 1.00 X X 0 0 0 AGNES NOONAN EX-OFFICIO PRESIDENT 40.00 X X 90247 0 37225 RON TALBOT MEMBER 1.00 X 0 0 0 ANGELA ANDERSON MEMBER 1.00 X 0 0 0 REBECCA AVITIA MEMBER 1.00 X 0 0 0 MOLLY BELL MEMBER 1.00 X 0 0 0 LINDA KIER MEMBER 1.00 X 0 0 0 MARK NAPOLIN MEMBER 1.00 X 0 0 0 SHARON WIEDENHAUPT FINANCE DIRECTOR 40.00 X 59271 0 8305 149518 0 45530 0 0 0 0 0 1198981 833208 163397 2032189 INCUBATOR MEMBERSHIP 532000 266052 266052 LOAN INTEREST/FEES 525990 70588 70588 CONSULTING & TRAINING 541610 54812 54812 391452 1333 1333 2424974 391452 0 1333 3970 3970 195048 162334 15604 17110 1049408 877758 83953 87697 80027 65622 6402 8003 104311 85098 7302 11911 19616 9808 9808 7139 5711 714 714 80119 64095 8012 8012 95762 76131 19631 26372 24262 2110 20144 20144 213354 181351 32003 20974 16779 4195 CONSULTANTS AND CONTRAC 323261 307098 16163 EQUIPMENT LEASE AND R&M 43482 39134 4348 TELEPHONE 42185 35520 4176 2489 PROVISION FOR UNCOLLECT 21989 21989 52604 36501 6801 9302 2399765 2033305 219112 147348 301318 324654 2223047 2533725 527111 177919 72855 56771 26450 14137 9180752 919729 8347557 8261023 1048331 831114 62910 18227 12609579 12217570 99683 79352 22904 8103 15345 18493 1521291 1131378 1075590 1075590 48677 53354 2783490 2366270 X 8707279 1986502 1117465 7854548 1345 10250 9826089 9851300 12609579 12217570 X 25209 2 X 0 1 X 1 1 1 X 2514461 2317842 1598391 1866114 2134844 10431652 2514461 2317842 1598391 1866114 2134844 10431652 10431652 6286 1394 2967 1149 1333 13129 10444781 1392581 0.99870 0.88260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1345 8655 250 10250 1345 1345 1345 1345 1345 1345 1345 1345 1.00000 0 0 225713 225713 2563760 232158 2331602 115849 36152 79697 83352 60012 23340 6192078 591407 5600671 8261023 NET LOANS RECEIVABLE 831114 C 831114 IDA PARTICIPANT ACCOUNTS 28241 THRIVE!ABQ 25113 53354 X 2735652 310678 310678 2424974 0 2424974 2710443 310678 310678 2399765 0 2399765 PART IV, LINE 2B: DEPOSITS ARE HELD FOR WEC MEMBERSHIP PART V, LINE 4: FUNDS ARE INTENDED TO PROVIDE A STABLE SOURCE OF INCOME FOR ORGANIZATIONAL ACTIVITIES. PART X, LINE 2: UNDER ASC 740-10-25, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION OF ASC 740-10-25 HAD NO IMPACT ON WESST'S FINANCIAL STATEMENTS; NO INTEREST OR PENALTIES WERE ACCRUED AS YEAR END, AS A RESULT OF THE ADOPTION OF ASC 740-10-25. IN ADDITION, FOR THE YEAR ENDED DECEMBER 31, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THESE FINANCIAL STATEMENTS. 1 INDIVIDUAL DEVELOPMENT ACCOUNT PROGRAM 3 7200 N/A N/A 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. WESST ADHERES TO PROGRAM GUIDELINES AND MAINTAINS DOCUMENTATION TO SUPPORT DISBURSEMENTS. X 1 322 X STUDIO EQUIPM 14 126850 FMV X OFFICE FURNIT 4 20457 FMV X SOFTWARE 0 15768 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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. THE EXECUTIVE COMMITTEE ALSO APPROVES THE 990. FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'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, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 2. WESST REAL ESTATE HOLDINGS LLC 000000000 LAND HOLDING NM 0 0 WESST