WomenVenture

Mission Statement

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

Contact Information

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

General Information

Alternative Name
n/a
EIN
411463426
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

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.

Finances

3 Year Average Expenses
Program Services $1,099,368 71.6%
Management $192,803 12.5%
Fundraising $244,298 15.9%
Unrestricted Net Assets
2014 2013 2012
End of Year: $531,230 $252,926 $282,056
Beginning of Year: $252,926 $282,056 $206,966
Difference: $278,304 ($29,130) $75,090

What does it take to Meet Standards®?

Meeting the Accountability Standards® is more than checking items off a list. Each nonprofit you see on this website has gone through careful assessment, and then invested in implementing changes to meet our high operational standards.

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Let’s Connect

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

Charities Review Council

Charities Review Council