2026-03-02T12:00:58-06:00 2025-06-30 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2024-07-01 411463426 WOMENVENTURE WOME 6122249540 165 WESTERN AVENUE N STE 8 100 ST PAUL MN 55102 LEEANN RASACHAK CHIEF EXECUTIVE OFFICER 6122249540 2026-03-02 1 1 LISA BURKE P00220718 8169455500 2026-03-02 2024 2025-03-06 01:10:19Z LEEANN RASACHAK 165 WESTERN AVENUE N STE 8 100 ST PAUL MN 55102 4547556 0 X WWW.WOMENVENTURE.ORG X 1983 MN EMPOWERING WOMEN TO ACHIEVE THEIR ECONOMIC GOALS 18 18 39 74 0 0 3899197 3976055 293897 333403 34063 65175 -8509 -69770 4218648 4304863 537412 525700 0 0 2559476 2808457 0 0 622684 980403 998200 4077291 4332357 141357 -27494 7545689 8198836 4462371 5143012 3083318 3055824 X TO EMPOWER WOMEN TO ACHIEVE THEIR ECONOMIC GOALS BY BUILDING PROFITABLE AND SUSTAINABLE BUSINESSES THAT TRANSFORM COMMUNITIES. 0 0 1778208 396429 27472 ENTREPRENEURSHIP:WOMEN'S BUSINESS CENTER - THE WOMEN'S BUSINESS CENTER (WBC) AT WOMENVENTURE IS ONE OF TWO WBCS IN MINNESOTA. WBCS ARE PART OF A NETWORK OF NEARLY 100 EDUCATIONAL CENTERS DESIGNATED BY THE US SMALL BUSINESS ADMINISTRATION (SBA) TO LEVEL THE PLAYING FIELD FOR WOMEN ENTREPRENEURS WHO FACE UNIQUE OBSTACLES IN THE WORLD OF BUSINESS. WBCS ENSURE THAT RESOURCES LIKE SMALL BUSINESS DEVELOPMENT CLASSES AND CONSULTING ARE AVAILABLE TO ALL WOMEN ENTREPRENEURS AND SPECIFICALLY THOSE WHO ARE ECONOMICALLY OR SOCIALLY DISADVANTAGED. WOMENVENTURE IS EASILY ACCESSIBLE BY BUS AND OFFERS SCHOLARSHIPS FOR CLASSES AND SERVICES TO QUALIFYING CLIENTS. (CONTINUED ON SCHEDULE O)TRAINING - WOMENVENTURE SUPPORTS ENTREPRENEURS WITH A VARIETY OF CLASSES, WORKSHOPS AND SEMINARS, INCLUDING LEVELS FOR STARTUP, EMERGING, AND GROWING BUSINESSES. KEY MULTIPART SERIES INCLUDE GETTING READY, WHERE CLIENTS DETERMINE IF ENTREPRENEURSHIP IS RIGHT FOR THEM; SMALL BUSINESS ESSENTIALS, A 5-SESSION COURSE THAT COVERS ALL OF THE CRITICAL COMPONENTS OF CREATING AND FINE-TUNING A BUSINESS PLAN TO LAUNCH THEIR ENTREPRENEURIAL ENDEAVORS WITH CONFIDENCE; AND LAUNCHED & GROWING, A 10-SESSION COURSE DESIGNED TO SUPPORT ENTREPRENEURS IN THE EARLY STAGES OF OPERATION. OTHER OFFERINGS FOCUS ON SPECIALIZED TOPICS SUCH AS LEGAL STRUCTURE, WEBSITE DEVELOPMENT, AND HUMAN RESOURCE MANAGEMENT. WOMENVENTURE ALSO FOCUSES ON CHILDCARE BUSINESS - BOTH FAMILY CHILDCARE AND CHILDCARE CENTERS.TECHNICAL ASSISTANCE - BUSINESS CONSULTANTS ASSIST CLIENTS IN EVALUATING NEW BUSINESS CONCEPTS, BUSINESS AND FINANCIAL PLANNING, FINANCING, LOAN PACKAGING, ACCOUNTING SERVICES, MARKETING, AND SPECIFIC CHALLENGES FACING THEIR SMALL BUSINESS. THE BUSINESS CONSULTING STAFF AND VOLUNTEERS AT WOMENVENTURE HAVE A WIDE RANGE OF EXPERIENCE WORKING WITH SMALL BUSINESSES AND OFFER VALUABLE KNOWLEDGE AND INSIGHT UNIQUE TO WOMEN BUSINESS OWNERS. IN FISCAL YEAR ENDING JUNE 30, 2025, WOMENVENTURE SERVED 1,490 ESTABLISHED AND EMERGING ENTREPRENEURS: 90% WERE WOMEN, 57% LOW-INCOME; AND 52% WERE BIPOC. 1234070 129271 309781 LENDING:MICROLOANS - WOMENVENTURE IS AN SBA MICROLOAN PROVIDER OFFERING BUSINESS LOANS UP TO $100,000 TO QUALIFIED BORROWERS TO START OR EXPAND SMALL BUSINESSES. WOMENVENTURE'S LOAN STAFF GUIDES APPLICANTS THROUGH THE PROCESS TO DETERMINE READINESS AND QUALIFICATIONS. OTHER CAPITAL AND TECHNICAL ASSISTANCE - SOURCES INCLUDE FUNDS FROM THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED), SBA, COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), PRIVATE FOUNDATIONS AND THE CITY OF MINNEAPOLIS.WOMENVENTURE DEPLOYED 46 LOANS TOTALING $1,586,800. 3012278 1 1 0 1 0 0 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 103 0 1 39 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X JOANNA SCHNEDLER 6122249540 165 WESTERN AVE N STE 8 100 ST PAUL MN 55102 GEMMA KUBAT CHAIR (AS OF 6/26/25) 1.00 X X 0 0 0 KRISTEN DENZER CHAIR (THRU 6/26/25) 1.00 X X 0 0 0 ANNA DOSEN-HICKS VICE CHAIR (AS OF 6/26/25) 1.00 X X 0 0 0 RHONDA SKOBY SECRETARY 1.00 X X 0 0 0 SARA KAUFMAN TREASURER 1.00 X X 0 0 0 AJ AUSTERMAN BOARD MEMBER 1.00 X 0 0 0 AFIRA HASAN BOARD MEMBER (AS OF 6/26/25) 1.00 X 0 0 0 AIMEE STOLT BOARD MEMBER 1.00 X 0 0 0 BABETTE BUCKNER BOARD MEMBER 1.00 X 0 0 0 CHAZ SANDIFER BOARD MEMBER 1.00 X 0 0 0 CHENG SUN BOARD MEMBER (AS OF 6/26/25) 1.00 X 0 0 0 DEREK BURGESS BOARD MEMBER 1.00 X 0 0 0 JESSI MILLER BOARD MEMBER 1.00 X 0 0 0 MARIA KOCHIRAS BOARD MEMBER 1.00 X 0 0 0 NICOLE DUNHAM BOARD MEMBER 1.00 X 0 0 0 PANG XIONG BOARD MEMBER 1.00 X 0 0 0 REBECCA COOPER BOARD MEMBER 1.00 X 0 0 0 ROBYN SAPHIR BOARD MEMBER 1.00 X 0 0 0 SOPHIA KAHN BOARD MEMBER (AS OF 6/26/25) 1.00 X 0 0 0 LEEANN RASACHAK CHIEF EXECUTIVE OFFICER 40.00 X 253846 0 5075 JOANNA SCHNEDLER CFO (AS OF 9/16/24) 40.00 X 35457 0 0 ROSEMARIE NDUPUECHI CHIEF ADV & MKTG OFF (THRU 5/30/25) 40.00 X 128719 0 26003 EMILY CONROY CHIEF PROGRAM & CLIENT EXP OFFICER 40.00 X 128568 0 14628 WILLIAM STELLE CHIEF OPERATING OFFICER 40.00 X 104769 0 1830 651359 0 47536 4 0 1 0 0 325484 2126987 1523584 104307 3976055 LOAN INTEREST INCOME 522291 270193 270193 LOAN FEE INCOME 522291 39588 39588 TRAINING INCOME 561300 23622 23622 333403 56700 56700 105487 97012 8475 8475 8475 71975 325484 145681 -73706 -73706 SPEAKING FEES 561300 3850 3850 86 86 3936 4304863 337253 0 -8445 505700 505700 20000 20000 369502 168710 108057 92735 2047481 1435966 242089 369426 17934 13286 2072 2576 184421 131577 18625 34219 189119 120907 31970 36242 24200 24200 46200 30699 6683 8818 36000 36000 209013 83399 114462 11152 1299 642 7 650 62794 18762 36669 7363 230183 149020 48981 32182 95813 63666 13859 18288 10367 8060 2096 211 25910 16022 8230 1658 95733 93450 2283 19883 19883 37534 24941 5429 7164 PROVISION FOR LOAN LOSS 103271 103271 4332357 3012278 697395 622684 1027184 1758940 1648437 1805048 941597 861336 133189 84759 83274 59319 21974 23955 33176 35576 3655036 3629222 85096 0 7545689 8198836 196779 178968 120477 113786 698309 587835 3339261 4237993 107545 24430 4462371 5143012 X 2533786 2261842 549532 793982 3083318 3055824 7545689 8198836 -27494 0 X X 0 1 X 1 0 X 7315211 8292156 3320663 3899197 3976055 26803282 7315211 8292156 3320663 3899197 3976055 26803282 703550 26099732 9325 560 3508 34063 56700 104156 86 86 26907524 1582579 0.97000 0.97330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 36000 36000 4296357 4332357 366618 91655 0 0 518417 321028 353865 366618 1559928 2339892 63000 44000 36000 143000 129604 80257 88466 91655 389982 584973 33176 2400 35576 29618 3808 250 33176 28900 718 29618 30865 -1707 258 28900 23013 8086 234 30865 0.00000 1.00000 0.00000 1 0 83274 59319 23955 23955 PROGRAM LOANS RECEIVABLE 3629222 C 3629222 LEASE LIABILITIES 24430 24430 X 4333371 28508 28508 4304863 0 4304863 4360865 28508 28508 4332357 0 4332357 PART V, LINE 4: THE PURPOSE OF THE PERMANENT ENDOWMENT IS 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: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF MINNESOTA. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES FOR THREE YEARS AFTER THE DATE OF FILING, INCLUDING EXTENSIONS. WOMEN MEAN BUSINESS 397459 325484 71975 8573 79707 5620 51781 397459 325484 71975 8573 79707 5620 51781 145681 -73706 1 ROOTS MIDWIFERY LLC 1901 44TH AVE N MINNEAPOLIS MN 55412 462294139 129271 0 N/A N/A RENOVATION OF BIRTH CENTER FACILITY 0 1 CHILD CARE GRANTS 4 20000 0 N/A N/A PART I, LINE 2: USE OF GRANT FUNDS IS MONITORED BY COLLECTION OF RECEIPTS AND USE OF FUNDS DOCUMENTS, AS WELL AS SITE VISITS. X X X 0 0 0 0 0 0 0 0 0 LEEANN RASACHAK CHIEF EXECUTIVE OFFICER 252904 0 0 0 942 0 5075 0 0 0 258921 0 0 0 ROSEMARIE NDUPUECHI CHIEF ADV & MKTG OFF (THRU 5/30/25) 127777 0 0 0 942 0 0 0 26003 0 154722 0 0 0 X 1 99412 STOCK QUOTE X EVENT SUPPLIES 3 4895 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE TOTAL NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, COMPOSED OF THE ORGANIZATION'S OFFICERS AND SUCH DIRECTORS APPOINTED BY THE BOARD OF DIRECTORS, HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. 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 PROVIDES THE PREPARER WITH FULL INFORMATION AND CLOSELY REVIEWS 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 CHIEF EXECUTIVE OFFICER'S SALARY IS REVIEWED BY THE FULL BOARD ANNUALLY; THE BOARD CHAIR HAS A DIRECTIVE TO REVIEW MARKET COMPENSATION AND MAKE RECOMMENDATIONS. THE LEADERSHIP TEAM'S COMPENSATION IS DETERMINED BY THE CHIEF EXECUTIVE OFFICER BASED ON REVIEW OF MARKET COMPENSATION RATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTION OF THE INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE ANNUAL FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.