Overview
What is Women's Economic Self-Sufficiency Team Corp?
Women's Economic Self-Sufficiency Team Corp, or WESST, is a New Mexico-based nonprofit organization established in 1988. Committed to promoting diversity, equity, and inclusion in the economy, WESST focuses its services on women, people of color, low-wealth individuals, and other marginalized populations who encounter challenges in starting and growing a successful business. WESST offers comprehensive, bilingual business services from the pre-startup stage through growth and repositioning. With a mission to serve as a home for entrepreneurs, WESST provides a supportive system of consulting, training, incubation, and lending to help clients strengthen and grow their businesses. Over the past three decades, WESST has facilitated the startup of 2,760 new businesses, created 5,688 new jobs, and lent more than $11 million to a client base that is predominantly female, minority, and from low-wealth backgrounds. Headquartered in Albuquerque, WESST serves the entire state of New Mexico through a regional office network in Farmington, Hobbs, and Las Cruces. The organization currently employs 36 individuals.
Official website here: www.wesst.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
The Women's Economic Self-Sufficiency Team Corp has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity's overall score is based entirely on its accountability and finance metrics, indicating a well-managed organization with transparent practices. With a majority of independent board members and robust financial oversight, the organization demonstrates a high level of governance.
Strengths of the organization include its excellent financial ratios, with a program expense ratio of 86.36%, showcasing its dedication to effective program delivery. The charity has established comprehensive policies, such as conflict of interest and whistleblower policies, ensuring a transparent and ethical operational environment. Furthermore, the absence of material asset diversions and a low liabilities-to-assets ratio further enhance its financial stability.
While the data indicates a strong performance in governance and financial health, there are no noted limitations or challenges in the provided information. This positive evaluation suggests that the Women's Economic Self-Sufficiency Team Corp is effectively utilizing its resources to fulfill its mission and serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Women's Economic Self-Sufficiency Team Corp legitimate?
Women's Economic Self-Sufficiency Team Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Economic Self-Sufficiency Team Corp 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: $236,627
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,540,406
For more financial information, click here
Official website here: www.wesst.org
What is the mission statement of Women's Economic Self-Sufficiency Team Corp?
The Women's Economic Self-Sufficiency Team Corp, often referred to as WESST, is dedicated to serving as a supportive hub for entrepreneurs. Their mission involves providing a comprehensive system of consulting, training, incubation, and lending to assist clients in strengthening and expanding their businesses. WESST is committed to promoting diversity, equity, and inclusion in the economy, and they specifically focus on providing their services to underrepresented groups such as women, people of color, low-income individuals, and other marginalized populations who face challenges in establishing and growing successful businesses. Over the past three decades, WESST has facilitated the launch of over 2,760 new businesses, created over 5,688 jobs, and lent over 11 million dollars to a client base that is predominantly female, minority, and of low wealth.
Official website here: www.wesst.org
Who is the CEO of Women's Economic Self-Sufficiency Team Corp?
Agnes Noonan is the President of Women's Economic Self-Sufficiency Team Corp.
Official website here: www.wesst.org
What is the revenue of Women's Economic Self-Sufficiency Team Corp?
Women's Economic Self-Sufficiency Team Corp's revenue in 2022 was $3,404,509.
Official website here: www.wesst.org
Who are the executives of Women's Economic Self-Sufficiency Team Corp and what are their salaries?
The average compensation at Women's Economic Self-Sufficiency Team Corp during 2022 was $49,362. There are 36 employees and 75 volunteers at Women's Economic Self-Sufficiency Team Corp.
Here are 17 key members and their salaries:
- Compensation: $107,301
- Related: $0
- Other: $23,039
- Compensation: $88,522
- Related: $0
- Other: $11,812
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wesst.org
Where can I find the form 990 for Women's Economic Self-Sufficiency Team Corp?
Women's Economic Self-Sufficiency Team Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wesst.org
Learn more at the official website: www.wesst.org
Mission Statement of Women's Economic Self-Sufficiency Team Corp
Women's Economic Self-Sufficiency Team Corp, often referred to as WESST, is dedicated to serving as a supportive hub for entrepreneurs. The organization's mission is to provide a comprehensive system of consulting, training, incubation, and lending services. This system is designed to aid clients in strengthening and growing their businesses effectively. Established in 1988, WESST is committed to promoting diversity, equity, and inclusion in the economy. To achieve this, the nonprofit targets its services towards women, people of color, low-income individuals, and other marginalized populations who often face significant challenges in starting and expanding successful businesses.
WESST offers a wide range of bilingual business services, ranging from the pre-startup phase through growth and repositioning. Over the past three decades, WESST has played a significant role in facilitating the start-up of 2,760 new businesses, creating 5,688 new jobs, and lending over 11 million dollars to a client base that is predominantly female, minority, and of low wealth. This commitment to supporting underserved communities has resulted in a substantial impact on New Mexico's economy. By providing these essential services, WESST empowers individuals to overcome obstacles and build thriving businesses, contributing to a more equitable and inclusive economic landscape.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Women's Economic Self-Sufficiency Team Corp, or WESST, has had a significant impact on entrepreneurship and economic empowerment, particularly among women, people of color, and individuals of low wealth. Founded in 1988, WESST is dedicated to fostering diversity, equity, and inclusion in the economy by providing a range of business services targeted at marginalized populations facing challenges in starting and growing successful businesses.
Over the past three decades, WESST has facilitated the startup of 2,760 new businesses, creating 5,688 new jobs in the process. With over $11 million loaned to its diverse client base, WESST plays a vital role in supporting entrepreneurs from the pre-startup stage through growth and repositioning. A significant portion of WESST's clients are female (65%), minority (65%), and persons of low wealth (60%), reflecting its commitment to serving underrepresented groups.
By offering comprehensive bilingual business services and operating throughout the state of New Mexico, WESST has become a key player in empowering entrepreneurs and fostering economic self-sufficiency in the region.
This information is meant to be a general summary of Women's Economic Self-Sufficiency Team Corp. 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 2022.
- Program Service Revenue: $327,017
- Gross Receipts: $3,457,178
Assets and Liabilities:
- Total Assets: $11,077,017
- Total Liabilities: $1,308,686
- Net Assets: $9,768,331
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCUBATOR MEMBERSHIP
Revenue
$287,161
LOAN INTEREST/FEES
Revenue
$27,756
CONSULTING & TRAINING
Revenue
$12,100
Organization Details
Founding Year
1988
Phone
(505) 246-6900Principal Officer
Agnes Noonan
Main Address
609 BROADWAY NE, ALBUQUERQUE, NM, 87102
Website
www.wesst.orgNTEE Category
Code: P800 - Human services
If you are a representative of Women's Economic Self-Sufficiency Team Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.