2024-06-21T10:54:03-04:00 2023-12-31 850232815 HINKLE LANDERS PC 2500 9TH ST NW ALBUQUERQUE NM 871021055 990 2023-01-01 850367809 WOMEN'S ECONOMIC SELF-SUFFICIENCY TEAM CORP WOME 5052466900 609 BROADWAY BLVD NE ALBUQUERQUE NM 87102 AGNES NOONAN PRESIDENT 5052466900 2024-06-20 true AGNES NOONAN 999009999 true FARLEY VENER P00162894 5058838788 2024-06-21 2023 2023-04-26 12:10:37Z WESST AGNES NOONAN 609 BROADWAY BLVD NE ALBUQUERQUE NM 87102 2441966 false X WWW.WESST.ORG X 1988 NM WESST'S MISSION IS TO BE A HOME TO NEW MEXICANS STARTING OR GROWING A SMALL BUSINESS. WE PROVIDE A SUPPORT SYSTEM OF CONSULTING, TRAINING, INCUBATION AND LENDING TO HELP WOMEN, PEOPLE OF COLOR AND LOW-WEALTH INDIVIDUALS SUCCESSFULLY STRENGTHEN AND GROW THEIR BUSINESSES THROUGH SUSTAINABLE SALES, FINANCIAL KNOWLEDGE, AND JOB CREATION." 15 14 37 75 0 3130161 1949500 327017 464955 0 -52669 -7616 3404509 2406839 0 0 2075120 2183069 0 169682 1254492 940080 3329612 3123149 74897 -716310 11077017 11080364 1308686 1578255 9768331 9502109 X WESST'S MISSION IS TO BE A HOME TO NEW MEXICANS STARTING OR GROWING A SMALL BUSINESS. WE PROVIDE A SUPPORT SYSTEM OF CONSULTING, TRAINING, INCUBATION AND LENDING TO HELP WOMEN, PEOPLE OF COLOR AND LOW-WEALTH INDIVIDUALS SUCCESSFULLY STRENGTHEN AND GROW THEIR BUSINESSES THROUGH SUSTAINABLE SALES, FINANCIAL KNOWLEDGE, AND JOB CREATION." false false 2493041 454675 FOUNDED IN 1988, WESST IS COMMITTED TO DIVERSITY, EQUITY AND INCLUSION IN OUR ECONOMY, TO THIS END, WESST TARGETS ITS SERVICES TO WOMEN , PEOPLE OF COLOR, LOW-WEALTH INDIVIDUALS AND OTHER MARGINALIZED POPULATIONS WHO FACE SIGNIFICANT CHALLENGES IN STARTING AND GROWING A SUCCESSFUL BUSINESS. WESST OFFERS COMPREHENSIVE BILINGUAL BUSINESS SERVICES FROM THE PRE-STARTUP STAGE THROUGH GROWTH AND REPOSITIONING. OVER THE PAST 3 DECADES, WESST HAS FACILIATED THE START-UP OF 2,760 NEW BUSINESSES, THE CREATION OF 5,688 NEW JOBS AND OVER 11.0 MILLION LOANED TO A CLIENT BASE WHICH IS 65% FEMALE, 65% MINORITY AND 60% PERSONS OF LOW WEALTH. HEADQUARTERED IN ALBUQUERQUE, WESST SERVICES THE ENTIRE STATE OF NEW MEXICO THROUGH ITS REGIONAL OFFICE NETWORK IN FARMINGTON, HOBBS, LAS CRUCES, RIO RANCHO, ROSWELL AND SANTA FE. IN 2009, WESST OPENED WESST ENTERPRISE CENTER (WEC), A LEED CERTIFIED MIXED-USE SMALL BUSINESS INCUBATOR IN DOWNTOWN ALBUQUERQUE THAT ACCELERATES THE DEVELOPMENT OF GROWTH-ORIENTED COMPANIES, REFLECTIVE OF WESST'S ABILITY TO PRODUCE ECONOMIC IMPACT, WEC MEMBER COMPANIES HAVE CREATED 428 NEW JOBS, 63.3 MILLION IN PAYROLL AND GENERATED OVER 150.3 MILLION IN REVENUES OVER THE PAST 10 YEARS. THE WEC WAS HONORED AS ONE OF THE "SEVEN HOTTEST START- UP INCUBATORS" BY CNN MONEY.COM IN 2010 AND 2017, THE WEC WAS AWARDED THE SOUTHWEST STAR AWARD BY EDA. WESST HAS BEEN THE RECIPIENT OF NUMEROUS HONORS INCLUDING THE ETHICS IN BUSINESS AWARD IN 2011 AND AED'S 505 COMMUNITY LEADERSHIP AWARD IN 2019. WESST HAS BEEN A LONG-TIME RESOURCE PARTNER OF THE U.S. SMALL BUSINESS ADMINISTRATION AND HOSTS SIX SBA WOMEN'S BUSINESS CENTERS IN NEW MEXICO. WESST IS ALSO AN SBA MICROLENDER AND A CDFI COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION. 189690 37251 FINANCIAL ASSISTANCE: AT DECEMBER 31, 2022, WESST HAD 113 LOANS OUTSTANDING TOTALING APPROXIMATELY 1,034,315. THESE LOANS ARE FOR SMALL BUSINESSES WHICH ARE UNABLE TO OBTAIN FINANCING FROM BANKS OR OTHER TRADITIONAL SERVICES, AND ASSISTANCE IN ACCESSING OTHER FINANCIAL RESOURCES. 2682731 true true false false false false false false false true true false false false true true true false false false false false false false true false false false false false false false false false false false false false true false false false false false false false false true 32 0 true 37 true false false false false false true true false false false false false false X 15 14 false false false false false false false true true false false true true true true true true true true false NM X X CHERI LOPEZ 5052466936 609 BROADWAY BLVD NE ALBUQUERQUE NM 87102 AGNES NOONAN PRESIDENT 40.00 X X 107151 0 5273 CHERI LOPEZ VP OF FINANC 40.00 X 91581 0 12775 CARA GORDON POTTER CHAIR 2.00 X X 0 0 0 CHERYL HARDT VICE CHAIR 2.00 X X 0 0 0 MIKE LOWRIMORE TREASURER 1.00 X X 0 0 0 JACOB SENA SECRETARY 2.00 X X 0 0 0 MONICA JOJOLA IMMEDIATE PA 1.00 X X 0 0 0 EMILY ALLEN MEMBER 1.00 X 0 0 0 MOLLY BELL MEMBER 1.00 X 0 0 0 MARIAM BRUCE MEMBER 1.00 X 0 0 0 KEN CARSON JR MEMBER 1.00 X 0 0 0 LINDA COOPER MEMBER 1.00 X 0 0 0 FRANK FINE MEMBER 1.00 X 0 0 0 TODD FRIEDLEY MEMBER 1.00 X 0 0 0 NICOLE JOHNNY MEMBER 1.00 X 0 0 0 LOUIS ZAINA MEMBER 1.00 X 0 0 0 198732 18048 1 false false false 175367 1340687 433446 35574 1949500 WEC MEMBERSHIP & SERVICES 532000 262112 262112 CONSULTING & TRAINING 525990 165592 165592 LOAN FEES & INTEREST 541610 37251 37251 464955 540 540 540 540 175367 35127 -35127 -35127 OTHER REVENUE 999999 26971 26971 26971 2406839 491926 -34587 216780 184242 18360 14178 1652401 1404383 139941 108077 27149 19407 5097 2645 147591 106938 26615 14038 139148 128942 1252 8954 245074 237073 1225 6776 2706 2617 89 64462 63907 319 236 167269 167078 191 45546 42835 2711 3761 3761 238989 182395 56594 33909 33909 DUES, SUBSCRIPTIONS & FEE 50692 45881 1194 3617 TRAINING 39695 25830 13667 198 IN-KIND EQPT & SUPPLIES 35574 24891 10683 CREDIT LOSS EXPENSE 12403 12403 3123149 2682731 270736 169682 86767 345102 2515591 2429215 1109102 877603 44881 832116 1034315 42783 18630 9067736 2819259 6422588 6248477 59737 68070 22404 11077017 11080364 89057 84349 335911 16642 675392 1026909 448896 50000 78699 81086 1308686 1578255 X 8359390 6591720 1408941 2910389 9768331 9502109 11077017 11080364 -716310 1192 448896 X false true X true true true X 2096488 2707185 2900073 3130161 1949500 12783407 2096488 2707185 2900073 3130161 1949500 12783407 381562 12401845 192 124 78 540 934 120721 141861 262582 13046923 491926 0.95060 0.39990 X PART II, LINE 10 SPECIAL EVENTS 262,582 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17662 1380 187 18855 18657 -797 198 17662 10000 10000 10000 10000 10000 10000 1.00000 true false 225713 225713 2324162 807047 1517115 146299 72410 73889 108070 69090 38980 6263492 1870712 4392780 6248477 LEASE LIABILITY 60397 DEPOSITS 20689 81086 X 2608719 1192 165561 35127 201880 2406839 2406839 3323837 165561 35127 200688 3123149 3123149 SCHEDULE D, PAGE 2, PART V, LINE 4 THE ALBUQUERQUE COMMUNITY FOUNDATION (ACF) HOLDS MONEY FOR THE BENEFIT OF WESST IN A PERMANENTLY RESTRICTED ENDOWMENT FUND. THESE FUNDS ARE NOT ACCESSIBLE BY WESST, BUT WESST IS THE BENEFICIARY OF ANY DISTRIBUTIONS, DETERMINED BY ACF BASED ON THE INCOME OF THE FUND. WESST HAS GRANTED VARIANCE POWER TO ACF. WHEN A NONPROFIT ORGANIZATION TRANSFERS ASSETS TO A COMMUNITY FOUNDATION IN WHICH THE RESOURCE PROVIDER NAMES ITSELF AS THE BENEFICIARY, THE ECONOMIC BENEFIT OF THE TRANSFERRED ASSETS REMAINS WITH THE RESOURCE PROVIDER. IF THE ASSETS ARE TRANSFERRED PERMANENTLY, THE ASSETS RECEIVED IN EXCHANGE ARE A BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS, MEASURED BY THE FAIR VALUE OF THE ASSETS CONTRIBUTED. SCHEDULE D, PAGE 3, PART X WESST IS A NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE IS SUBJECT TO FEDERAL INCOME TAX. WESST CURRENTLY HAS NO UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. IN ADDITION, WESST HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. WESST EVALUATES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ASC 450, ACCOUNTING FOR CONTINGENCIES, WHEREBY THE EFFECT OF THE UNCERTAINTIES IN TAX POSITIONS WOULD BE RECORDED IF THE OUTCOME WAS CONSIDERED PROBABLE AND REASONABLY ESTIMABLE. MANAGEMENT BELIEVES THAT THEY ARE OPERATING WITHIN THEIR TAX-EXEMPT PURPOSE. WESST FILES ITS FEDERAL FORM 990 TAX RETURN IN THE U.S. FEDERAL JURISDICTION. THE 990 IS ALSO FILED ONLINE WITH THE CHARITABLE REGISTRATION IN THE OFFICE OF THE ATTORNEY GENERAL FOR THE STATE OF NEW MEXICO. WESST REAL ESTATE HOLDINGS, LLC IS CONSIDERED A DISREGARDED ENTITY FOR TAX FILING PURPOSES AND ITS ACCOUNTS WILL BE INCLUDED IN WESSTS FEDERAL FORM 990. WESST REAL ESTATE HOLDINGS, LLC HAD NO TAXABLE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. SCHEDULE D, PAGE 4, PART XI, LINE 2D SPECIAL EVENTS EXPENSE 35,127 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENTS EXPENSE 35,127 SOIREE 175367 175367 1042 30720 390 2975 175367 175367 1042 30720 390 2975 35127 -35127 X EQPT/SUPPLIES/M 39 35574 VALUED PER DONORS false false false FORM 990 - ORGANIZATION'S MISSION WESST'S MISSION IS TO BE A HOME TO NEW MEXICANS STARTING OR GROWING A SMALL BUSINESS. WE PROVIDE A SUPPORT SYSTEM OF CONSULTING, TRAINING, INCUBATION AND LENDING TO HELP WOMEN, PEOPLE OF COLOR AND LOW-WEALTH INDIVIDUALS SUCCESSFULLY STRENGTHEN AND GROW THEIR BUSINESSES THROUGH SUSTAINABLE SALES, FINANCIAL KNOWLEDGE, AND JOB CREATION." FORM 990, PAGE 2, PART III, LINE 4A FOUNDED IN 1988, WESST IS COMMITTED TO DIVERSITY, EQUITY AND INCLUSION IN OUR ECONOMY, TO THIS END, WESST TARGETS ITS SERVICES TO WOMEN , PEOPLE OF COLOR, LOW-WEALTH INDIVIDUALS AND OTHER MARGINALIZED POPULATIONS WHO FACE SIGNIFICANT CHALLENGES IN STARTING AND GROWING A SUCCESSFUL BUSINESS. WESST OFFERS COMPREHENSIVE BILINGUAL BUSINESS SERVICES FROM THE PRE-STARTUP STAGE THROUGH GROWTH AND REPOSITIONING. OVER THE PAST 3 DECADES, WESST HAS FACILIATED THE START-UP OF 2,760 NEW BUSINESSES, THE CREATION OF 5,688 NEW JOBS AND OVER 11.0 MILLION LOANED TO A CLIENT BASE WHICH IS 65% FEMALE, 65% MINORITY AND 60% PERSONS OF LOW WEALTH. HEADQUARTERED IN ALBUQUERQUE, WESST SERVICES THE ENTIRE STATE OF NEW MEXICO THROUGH ITS REGIONAL OFFICE NETWORK IN FARMINGTON, HOBBS, LAS CRUCES, RIO RANCHO, ROSWELL AND SANTA FE. IN 2009, WESST OPENED WESST ENTERPRISE CENTER (WEC), A LEED CERTIFIED MIXED-USE SMALL BUSINESS INCUBATOR IN DOWNTOWN ALBUQUERQUE THAT ACCELERATES THE DEVELOPMENT OF GROWTH-ORIENTED COMPANIES, REFLECTIVE OF WESST'S ABILITY TO PRODUCE ECONOMIC IMPACT, WEC MEMBER COMPANIES HAVE CREATED 428 NEW JOBS, 63.3 MILLION IN PAYROLL AND GENERATED OVER 150.3 MILLION IN REVENUES OVER THE PAST 10 YEARS. THE WEC WAS HONORED AS ONE OF THE "SEVEN HOTTEST START- UP INCUBATORS" BY CNN MONEY.COM IN 2010 AND 2017, THE WEC WAS AWARDED THE SOUTHWEST STAR AWARD BY EDA. WESST HAS BEEN THE RECIPIENT OF NUMEROUS HONORS INCLUDING THE ETHICS IN BUSINESS AWARD IN 2011 AND AED'S 505 COMMUNITY LEADERSHIP AWARD IN 2019. WESST HAS BEEN A LONG-TIME RESOURCE PARTNER OF THE U.S. SMALL BUSINESS ADMINISTRATION AND HOSTS SIX SBA WOMEN'S BUSINESS CENTERS IN NEW MEXICO. WESST IS ALSO AN SBA MICROLENDER AND A CDFI COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION. FORM 990, PAGE 6, PART VI, LINE 11B THE WESST FINANCE COMMITTEE REVIEWS THE FIRST DRAFT FOR ACCURACY, CONTENT AND COMPLETENESS. FINANCE COMMITTEE MEMBERS ADDRESS QUESTIONS TO INTERNAL STAFF AND/OR THE CPA FIRM PREPARING THE 990. A FINAL COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C WESST'S DIRECTORS, OFFICERS AND KEY EMPLOYEES MUST COMPLETE A WESST DISCLOSURE QUESTIONNAIRE ANNUALLY BY DECEMBER 31ST. WESST'S EXECUTIVE COMMITTEE IS DILIGENT IN ITS REVIEW OF THE ANNUAL DISCLOSURE FORMS, CONSISTENTLY MONITORING AND MAINTAINING A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE USING COMPARABILITY DATA AND THE DATA IS DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION REVIEWS FOR OTHER WESST EMPLOYEES ARE DONE BY THE PRESIDENT, USING COMPARABILITY DATA, WHICH IS DOCUMENTED. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST.