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Wema Ventures

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

EIN: 462679145 ✦ Pasadena, CA ✦ Designated as a 501(c)(3)

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Overview

What is Wema Ventures?

Wema Ventures is a nonprofit organization that actively operates in Tanzania. Their primary focus is on empowerment, offering training and equipping opportunities in both spiritual and economic development. They achieve this through various small to medium-sized business ventures, serving as a facilitator for growth in these economic sectors. Wema Ventures aims to contribute positively to the Tanzanian community by providing a platform for development and advancement.


Official website here: www.wemaventures.org

What do the Facebook reviews say about Wema Ventures?

4 reviewers on Facebook have shared their thoughts on Wema Ventures. Here’s a summary of their comments:

The overarching sentiment is positive, highlighting the organization’s approach to empowerment rather than dependency. Reviewers appreciate the concept of providing individuals with the tools to become enterprising, emphasizing the importance of a "hand up" instead of a "handout."

Overall, while there are only a few reviews available, they reflect a hopeful outlook on the potential impact of Wema Ventures and support its mission to foster independence and entrepreneurship. Users seem enthusiastic about the possibility of this model gaining wider recognition and adoption.


This AI summary has been generated from reviews found on Facebook.

Is Wema Ventures legitimate?

Wema Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wema Ventures submitted a form 990EZ, 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.


Official website here: www.wemaventures.org

What is the mission statement of Wema Ventures?

Wema Ventures is dedicated to promoting spiritual and economic growth. They achieve this by offering training, equipping, and facilitation primarily through various small to medium-sized business ventures in an unspecified location. The organization's main focus is on economic development, utilizing business ventures as a primary tool for this purpose.


Official website here: www.wemaventures.org

Who is the CEO of Wema Ventures?

Byron Borden is the President of Wema Ventures.


Official website here: www.wemaventures.org

What is the revenue of Wema Ventures?

Wema Ventures's revenue in 2022 was $174,312.


Official website here: www.wemaventures.org

Who are the executives of Wema Ventures and what are their salaries?


Here are 10 key members and their salaries:


Byron Borden (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Borden (Director)
  • Compensation: $82,156
  • Related: $0
  • Other: $0
Mark Harris (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Klein (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenelle D'Alessandro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Ball (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Ball (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Denler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wemaventures.org

Where can I find the form 990EZ for Wema Ventures?

Wema Ventures's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.wemaventures.org

Learn more at the official website: www.wemaventures.org

Mission Statement of Wema Ventures

Wema Ventures, a nonprofit organization, is committed to fostering spiritual and economic development. They achieve this mission by offering training, equipping, and facilitation primarily through various small to medium-sized business ventures in Tanzania. The organization's primary focus is on providing opportunities for economic growth, which in turn empowers local communities. Wema Ventures plays an instrumental role in equipping individuals with the necessary skills and resources to establish and sustain their own businesses, contributing to the overall development of the region.

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Impact




October, 2024

Wema Ventures significantly impacts the communities it serves by fostering spiritual and economic development in Tanzania. Through targeted training and equipping programs, the organization empowers individuals and small to medium business ventures, providing them with the essential skills and resources needed to thrive. This not only enhances individual livelihoods but also stimulates local economies, enabling communities to become more self-reliant and resilient. By facilitating opportunities for growth and development, Wema Ventures plays a vital role in nurturing a culture of entrepreneurship and uplifting those in need.




This information is meant to be a general summary of Wema Ventures. 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
$174,312 (2022)
Expenses
$153,181 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $174,312

Assets and Liabilities:

  • Total Assets: $75,609
  • Total Liabilities: $0
  • Net Assets: $75,609

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Organization Details

Principal Officer

Byron Borden

Main Address

1355 N MENTOR AVE 40165, PASADENA, CA, 91104

NTEE Category

Code: X99 - Religion related

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