Women Venture
Women Venture
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About this organization
Mission
WomenVenture helps women attain economic self-sufficiency through the creation and growth of profitable and sustainable businesses.
About
WOMEN VENTURE'S MISSION IS TO HELP WOMEN ATTAIN ECONOMIC SELF-SUFFICIENCY THROUGH THE CREATION AND GROWTH OF PROFITABLE AND SUSTAINABLE BUSINESSES. OUR VISION IS TO EMPOWER ENTREPRENEURIAL WOMEN WITH TOOLS, CAPITAL, AND SUPPORT TO LEAD BUSINESSES THAT CREATE LIVING WAGE JOBS. OUR PROGRAMS PROVIDE A HOLISTIC APPROACH TO ENTREPRENEURIAL DEVELOPMENT THAT INCLUDES FOUR PILLARS: TRAINING, COACHING, ACCESS TO CAPITAL AND A COMMUNITY OF SUPPORT. SEE SCHEDULE OIN OUR FISCAL YEAR ENDING JUNE 30, 2019, WOMENVENTURE SERVED 1,162 ESTABLISHED AND EMERGING ENTREPRENEURS: 96% WERE WOMEN; 62% WERE LOW-INCOME OR VERY LOW-INCOME; AND 49% WERE WOMEN OF COLOR. WE HELPED THESE WOMEN ENTREPRENEURS: START OR EXPAND 183 SMALL BUSINESSES AND PAY THEMSELVES ON AVERAGE $30/HOUR; CREATE OR RETAIN 882 JOBS WITH AN AVERAGE WAGE OF $20/HOUR; GENERATE $63.6 MILLION IN GROSS REVENUE; AND CONTRIBUTE $6.9 MILLION IN INCOME TAX REVENUE.IN FY19, WOMENVENTURE ALSO PROVIDED ITS CLIENTS: $764,500 IN CAPITAL; ACCESS TO AN ADDITIONAL $4.9 MILLION IN FACILITATED OUTSIDE CAPITAL THROUGH PARTNERSHIPS WITH BANKS.WOMENVENTURE IS A SMALL BUSINESS ADMINISTRATION WOMEN'S BUSINESS CENTER. WE OFFER 8 UNIQUE TRAINING PROGRAMS TO MEET WOMEN WHEREVER THEY ARE ON THEIR JOURNEY. WOMENVENTURE PROVIDED OVER 8,000 HOURS OF ENTREPRENEURIAL TRAINING THROUGH OUR CORE TRAINING PROGRAMS ACCOMPANIED BY OVER 1,000 HOURS OF INDIVIDUALIZED COACHING AND PEER CIRCLES. SKILLED STAFF AND VOLUNTEERS PROVIDE FREE BUSINESS COACHING TO OUR LOAN AND TRAINING CLIENTS TO ADDRESS INSURANCE, BOOKKEEPING, FINANCE, MARKETING, CONTRACTS, REAL ESTATE, HUMAN RESOURCES AND GENERAL OPERATIONS.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “Womenventure helps women attain economic self-sufficiency through the creation and growth of profitable and sustainable businesses.”.
When outlining its functions, they were explained as: “Womenventure is dedicated to helping women attain economic self-sufficiency.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as MN.
- The filing records the non-profit's address for 2020 as 2021 EAST HENNEPIN AVENUE NO 200, MINNEAPOLIS, MN, 55413.
- As of 2020, the non-profit's form reports a total of 29 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $66,885.
- The organization has 25 independent voting members.
- The organization was formed in 1983.
- The organization pays $1,525,812 in salary, compensation, and benefits to its employees.
- The organization pays $249,987 in fundraising expenses.
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