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Womens Venture Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133807693 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Womens Venture Fund Inc?

Womens Venture Fund Inc, located in New York City, is a nonprofit organization committed to empowering women from various backgrounds by fostering the growth of successful businesses in urban communities. This is achieved through a multifaceted approach, including providing training, offering small business loans, and establishing a network of business advisors. The organization's mission is to aid women in achieving their entrepreneurial goals, thereby contributing to the economic vitality of urban areas. The organization, with a modest team of three dedicated individuals, is making a significant impact in women's lives.


Official website here: www.womensventurefund.com

Is Womens Venture Fund Inc legitimate?

Womens Venture Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Womens Venture Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $90,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,839

For more financial information, click here


Official website here: www.womensventurefund.com

What is the mission statement of Womens Venture Fund Inc?

The Women's Venture Fund Inc, as a mission-driven organization, is committed to assisting women of diverse backgrounds in establishing prosperous businesses within urban communities. They achieve this by providing various resources such as training, small business loans, and a network of business advisors, all aimed at helping these women achieve their entrepreneurial goals. The organization's mission is to foster an environment that empowers these women, enabling them to thrive in their ventures.


Official website here: www.womensventurefund.com

Who is the CEO of Womens Venture Fund Inc?

Maria Otero is the President & Ceo of Womens Venture Fund Inc. The CEO's salary of Womens Venture Fund Inc is $90,500 and their total compensation is $90,500.


Official website here: www.womensventurefund.com

What is the revenue of Womens Venture Fund Inc?

Womens Venture Fund Inc's revenue in 2021 was $238,177.


Official website here: www.womensventurefund.com

Who are the executives of Womens Venture Fund Inc and what are their salaries?

The average compensation at Womens Venture Fund Inc during 2021 was $48,113. There are 3 employees and 9 volunteers at Womens Venture Fund Inc.


Here are 7 key members and their salaries (Womens Venture Fund Inc's CEO's salary is $90,500 and their total compensation is $90,500):


Maria Otero (President & Ceo)
  • Compensation: $90,500
  • Related: $0
  • Other: $0
Saquib Jalil (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Caliendo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rose Klimovich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrell W Gunter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Mills (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phoebe Wang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.womensventurefund.com

Where can I find the form 990 for Womens Venture Fund Inc?

Womens Venture Fund Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.womensventurefund.com

Learn more at the official website: www.womensventurefund.com

Mission Statement of Womens Venture Fund Inc

Women's Venture Fund Inc is committed to assisting women from various backgrounds in establishing prosperous businesses within urban communities. The organization provides them with the necessary tools to achieve their entrepreneurial goals. This is accomplished through various programs, which include training sessions, the allocation of small business loans, and access to a network of business advisors. By offering this comprehensive support system, Women's Venture Fund Inc empowers women to thrive in their business ventures, contributing positively to their communities.

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Impact




October, 2024

Womens Venture Fund Inc significantly impacts urban communities by empowering women from diverse backgrounds to establish and grow successful businesses. Through a comprehensive approach that includes training programs, access to small business loans, and personalized technical assistance, the organization equips women with the necessary skills and resources to navigate the challenges of entrepreneurship. Additionally, the network of business advisors fosters a supportive environment where women can share experiences and gain valuable insights, further enhancing their chances of success. By focusing on community improvement, Womens Venture Fund Inc is not just helping individual women flourish but also contributing to the economic revitalization and stability of the communities they serve.




This information is meant to be a general summary of Womens Venture Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$238,177 (2021)
Expenses
$212,422 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $118
  • Program Service Revenue: $10,859
  • Gross Receipts: $238,177

Assets and Liabilities:

  • Total Assets: $361,629
  • Total Liabilities: $9,102
  • Net Assets: $352,527

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Program Loan Interest

Revenue

$7,844

Program Service Income

Revenue

$3,015

Organization Details

Founding Year

1994

Principal Officer

Maria Otero

Main Address

50 BROADWAY 29TH FLOOR, NEW YORK, NY, 10004

NTEE Category

Code: S43 - Community improvement

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