WomenVenture

Mission Statement

WomenVenture helps women attain economic self-sufficiency through the creation and growth of profitable and sustainable businesses.

Impact and Programs

Accomplishments Through our training, business consulting, and lending programs, we were able to help women launch or grow 187 small businesses this year that produced $21 million in gross sales and created or retained 805 jobs. We provided loans to 28 businesses totaling $456,000. And the most exciting numbers of all, our women business owners created an average of 3 jobs paying a median wage of $30 per hour! For every dollar invested in WomenVenture’s clients last year, they returned $10 back to the local economy.
Current Goals Fiscal Year 2016 Entrepreneurship Program Goals: -Serve 1,410 clients in any Business Development service. -Provide 6,270 total hours of training. -Provide 2,782 total hours of consulting to loan clients. -Assist with the start-up or expansion of 277 businesses. -Create or retain 1,011 jobs through businesses assisted. -Provide $630,000 in loans to small businesses. -Provide sufficient support to loan clients to achieve a loan default rate less than 5%.
Community or Constituency Served WomenVenture serves entrepreneurs and small businesses. Our target population is low- to moderate-income women (at or below 80% of the area median income) of all ages, cultures, races, and ethnicities.
Geographic Area Served We primarily serve the 12-county Twin Cities metropolitan area: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, McLeod, Ramsey, Scott, Sherburne, Washington, and Wright counties.

Reports & Finances

If you have additional questions regarding a nonprofit's financials, visit their webiste, or call and ask to review their IRS Form 990, Annual Report, or Audit for a more complete picture of their financial story.
3 Year Average Expenses
Program Services
$1,099,368
71.6%
Management
$192,803
12.5%
Fundraising
$244,298
15.9%
Unrestricted Net Assets
End of Year:
Beginning of Year:
Difference:
2014
$531,230
$252,926
$278,304
2013
$252,926
$282,056
($29,130)
2012
$282,056
$206,966
$75,090
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Connect

Address:
2021 East Hennepin Avenue
Minneapolis, MN 55413
Phone: 612-224-9540

General Information

Alternative Name: n/a
EIN: 41-1463426
Principal Staff: Elaine Wyatt
Number of Full-Time Equivalents (FTE): 15
Volunteers: 176
Number of Clients: 562

Board

Board Chair: Susan Kinder
Number of Board Members: 22
Board Meetings with Quorum: 6
Average Member Attendance: 15.2

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Our mission is to mobilize informed donors and accountable nonprofits for the greater good. We envision vibrant and healthy communities for all, benefiting from effective and trustworthy nonprofits that are supported by a well-informed public’s generosity.

Let’s Connect

700 Raymond Avenue, Suite 160 • Saint Paul, MN 55114
Phone: (651) 224–7030 • E-mail: info@smartgivers.org

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