Overview
What is Womenventure?
Womenventure is a nonprofit organization that is committed to empowering women to achieve financial independence. Their mission revolves around helping women establish and grow profitable and sustainable businesses. By doing so, they aim to positively impact their communities. This nonprofit organization's activities are centered around equipping women with the necessary tools and resources to reach their economic goals.
Official website here: www.womenventure.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Star rating)
Womenventure has achieved a commendable 95% rating from Charity Navigator, reflecting its strong accountability and financial practices. The rating is derived solely from its high score in the Accountability & Finance beacon, indicating that the organization operates with a high level of transparency and responsibility in its financial dealings.
The organization boasts a fully independent board, with all 22 members meeting governance standards, and has implemented robust policies such as conflict of interest and whistleblower protections. Its financial health is further validated by the absence of any material diversion of assets and effective oversight through an Audit and Oversight Committee. Additionally, a significant portion of its expenses is directed towards programs, reinforcing its commitment to mission-driven work.
However, while Womenventure's financial liabilities to assets ratio is reasonable at 56.51%, it slightly impacts its overall financial score. Nevertheless, the organization's strong program expense ratio of 87.65% underscores its dedication to maximizing resources for its core mission. Overall, Womenventure demonstrates a solid foundation for donors seeking to support a financially responsible and well-governed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Womenventure?
90% of 21 reviewers on Facebook recommend Womenventure. Here is a summary of their reviews:
The organization is praised for its invaluable resources aimed at entrepreneurs, with many expressing appreciation for the support and guidance provided. Users emphasize the practical tools and assistance that help women navigate their business journeys effectively.
Overall, the sentiment is quite positive, indicating that Womenventure succeeds in fulfilling its mission to empower and support women in entrepreneurship. Participants feel that the nonprofit truly enhances their chances of success through its well-designed programs and resources.
This AI summary has been generated from reviews found on Facebook.
Is Womenventure legitimate?
Womenventure is a legitimate nonprofit organization registered as a 501(c)(3) entity. Womenventure 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: $326,206
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,873,843
For more financial information, click here
Official website here: www.womenventure.org
What is the mission statement of Womenventure?
Womenventure, a nonprofit organization, is committed to empowering women by assisting them in establishing and growing profitable and sustainable businesses. This mission aims to enable these women to achieve their economic goals, ultimately transforming their communities. By providing necessary support, Womenventure contributes to the economic self-sufficiency of women, fostering a positive impact on their lives and the communities they inhabit.
Official website here: www.womenventure.org
Who is the CEO of Womenventure?
Leeann Rasachak is the Board Member of Womenventure. The CEO's salary of Womenventure is $169,983 and their total compensation is $169,983.
Official website here: www.womenventure.org
What is the revenue of Womenventure?
Womenventure's revenue in 2023 was $3,555,294.
Official website here: www.womenventure.org
Who are the executives of Womenventure and what are their salaries?
The average compensation at Womenventure during 2023 was $43,138. There are 51 employees and 102 volunteers at Womenventure.
Here are 24 key members and their salaries (Womenventure's CEO's salary is $169,983 and their total compensation is $169,983):
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- Compensation: $169,983
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- Compensation: $71,521
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- Other: $3,374
Official website here: www.womenventure.org
Where can I find the form 990 for Womenventure?
Womenventure's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.womenventure.org
Learn more at the official website: www.womenventure.org
Mission Statement of Womenventure
Womenventure, a nonprofit organization, is committed to empowering women to achieve their economic goals. They accomplish this by fostering the development of profitable and sustainable businesses. By doing so, these businesses not only provide economic self-sufficiency for the women involved but also contribute to the transformation of their communities. Womenventure's mission is to serve as a catalyst for change, enabling women to unlock their entrepreneurial potential and make a positive impact on their surroundings.
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Impact
July, 2024
Womenventure's impact is evident in its dedication to empowering women to achieve their economic goals by building profitable and sustainable businesses. By providing resources, support, and guidance, Womenventure helps women create thriving enterprises that not only benefit the individuals involved but also contribute to the transformation of communities. This organization's work plays a crucial role in fostering economic self-sufficiency among women and promoting community improvement in St. Paul, MN.
This information is meant to be a general summary of Womenventure. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,793
- Program Service Revenue: $270,595
- Gross Receipts: $3,706,860
Assets and Liabilities:
- Total Assets: $6,757,859
- Total Liabilities: $3,819,456
- Net Assets: $2,938,403
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$185,604
LOAN FEE INCOME
Revenue
$38,343
TRAINING INCOME
Revenue
$35,389
GAIN ON DEBT FORGIVENE
Revenue
$11,259
Organization Details
Founding Year
1983
Phone
(612) 224-9540Principal Officer
Leeann Rasachak
Main Address
165 WESTERN AVENUE N STE 8 100, ST PAUL, MN, 55102
Website
www.womenventure.orgNTEE Category
Code: S43 - Community improvement
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