WOMENVENTURE

EIN: 411463426 501(c)(3) Community Improvement

ST PAUL, MN

Total Revenue
$4,304,863
Total Expenses
$4,332,357
Total Assets
$8,198,836
Net Assets
$3,055,824
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MN
Principal Officer
LEEANN RASACHAK
Phone
6122249540
Tax Period
2024-07-01 to 2025-06-30

WOMENVENTURE, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $4.3M in total revenue in fiscal year 2024.

Mission

TO EMPOWER WOMEN TO ACHIEVE THEIR ECONOMIC GOALS BY BUILDING PROFITABLE AND SUSTAINABLE BUSINESSES THAT TRANSFORM COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $1,778,208 Revenue: $27,472

ENTREPRENEURSHIP:WOMEN'S BUSINESS CENTER - THE WOMEN'S BUSINESS CENTER (WBC) AT WOMENVENTURE IS ONE OF TWO WBCS IN MINNESOTA. WBCS ARE PART OF A NETWORK OF NEARLY 100 EDUCATIONAL CENTERS DESIGNATED...

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ENTREPRENEURSHIP:WOMEN'S BUSINESS CENTER - THE WOMEN'S BUSINESS CENTER (WBC) AT WOMENVENTURE IS ONE OF TWO WBCS IN MINNESOTA. WBCS ARE PART OF A NETWORK OF NEARLY 100 EDUCATIONAL CENTERS DESIGNATED BY THE US SMALL BUSINESS ADMINISTRATION (SBA) TO LEVEL THE PLAYING FIELD FOR WOMEN ENTREPRENEURS WHO FACE UNIQUE OBSTACLES IN THE WORLD OF BUSINESS. WBCS ENSURE THAT RESOURCES LIKE SMALL BUSINESS DEVELOPMENT CLASSES AND CONSULTING ARE AVAILABLE TO ALL WOMEN ENTREPRENEURS AND SPECIFICALLY THOSE WHO ARE ECONOMICALLY OR SOCIALLY DISADVANTAGED. WOMENVENTURE IS EASILY ACCESSIBLE BY BUS AND OFFERS SCHOLARSHIPS FOR CLASSES AND SERVICES TO QUALIFYING CLIENTS. (CONTINUED ON SCHEDULE O)TRAINING - WOMENVENTURE SUPPORTS ENTREPRENEURS WITH A VARIETY OF CLASSES, WORKSHOPS AND SEMINARS, INCLUDING LEVELS FOR STARTUP, EMERGING, AND GROWING BUSINESSES. KEY MULTIPART SERIES INCLUDE GETTING READY, WHERE CLIENTS DETERMINE IF ENTREPRENEURSHIP IS RIGHT FOR THEM; SMALL BUSINESS ESSENTIALS, A 5-SESSION COURSE THAT COVERS ALL OF THE CRITICAL COMPONENTS OF CREATING AND FINE-TUNING A BUSINESS PLAN TO LAUNCH THEIR ENTREPRENEURIAL ENDEAVORS WITH CONFIDENCE; AND LAUNCHED & GROWING, A 10-SESSION COURSE DESIGNED TO SUPPORT ENTREPRENEURS IN THE EARLY STAGES OF OPERATION. OTHER OFFERINGS FOCUS ON SPECIALIZED TOPICS SUCH AS LEGAL STRUCTURE, WEBSITE DEVELOPMENT, AND HUMAN RESOURCE MANAGEMENT. WOMENVENTURE ALSO FOCUSES ON CHILDCARE BUSINESS - BOTH FAMILY CHILDCARE AND CHILDCARE CENTERS.TECHNICAL ASSISTANCE - BUSINESS CONSULTANTS ASSIST CLIENTS IN EVALUATING NEW BUSINESS CONCEPTS, BUSINESS AND FINANCIAL PLANNING, FINANCING, LOAN PACKAGING, ACCOUNTING SERVICES, MARKETING, AND SPECIFIC CHALLENGES FACING THEIR SMALL BUSINESS. THE BUSINESS CONSULTING STAFF AND VOLUNTEERS AT WOMENVENTURE HAVE A WIDE RANGE OF EXPERIENCE WORKING WITH SMALL BUSINESSES AND OFFER VALUABLE KNOWLEDGE AND INSIGHT UNIQUE TO WOMEN BUSINESS OWNERS. IN FISCAL YEAR ENDING JUNE 30, 2025, WOMENVENTURE SERVED 1,490 ESTABLISHED AND EMERGING ENTREPRENEURS: 90% WERE WOMEN, 57% LOW-INCOME; AND 52% WERE BIPOC.

Program 2
Expenses: $1,234,070 Revenue: $309,781

LENDING:MICROLOANS - WOMENVENTURE IS AN SBA MICROLOAN PROVIDER OFFERING BUSINESS LOANS UP TO $100,000 TO QUALIFIED BORROWERS TO START OR EXPAND SMALL BUSINESSES. WOMENVENTURE'S LOAN STAFF GUIDES...

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LENDING:MICROLOANS - WOMENVENTURE IS AN SBA MICROLOAN PROVIDER OFFERING BUSINESS LOANS UP TO $100,000 TO QUALIFIED BORROWERS TO START OR EXPAND SMALL BUSINESSES. WOMENVENTURE'S LOAN STAFF GUIDES APPLICANTS THROUGH THE PROCESS TO DETERMINE READINESS AND QUALIFICATIONS. OTHER CAPITAL AND TECHNICAL ASSISTANCE - SOURCES INCLUDE FUNDS FROM THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED), SBA, COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), PRIVATE FOUNDATIONS AND THE CITY OF MINNEAPOLIS.WOMENVENTURE DEPLOYED 46 LOANS TOTALING $1,586,800.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,976,055
Program Service Revenue $333,403
Investment Income $65,175
Other Revenue $-69,770
TOTAL REVENUE $4,304,863

Expense Breakdown

Grants Paid $525,700
Salaries & Benefits $2,808,457
Fundraising Expenses $622,684
Program Expenses $3,012,278
Other Expenses $998,200
TOTAL EXPENSES $4,332,357

Year-over-Year Comparison

2024 2023 Change
Revenue $4,304,863 $4,218,648 +0.0%
Expenses $4,332,357 $4,077,291 +0.1%
Net Income $-27,494 $141,357 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
39
Volunteers
74

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$294,378
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEMMA KUBAT CHAIR (AS OF 6/26/25) 1.00
Officer Director
$0 $0 $0
KRISTEN DENZER CHAIR (THRU 6/26/25) 1.00
Officer Director
$0 $0 $0
ANNA DOSEN-HICKS VICE CHAIR (AS OF 6/26/25) 1.00
Officer Director
$0 $0 $0
RHONDA SKOBY SECRETARY 1.00
Officer Director
$0 $0 $0
SARA KAUFMAN TREASURER 1.00
Officer Director
$0 $0 $0
AJ AUSTERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
AFIRA HASAN BOARD MEMBER (AS OF 6/26/25) 1.00
Director
$0 $0 $0
AIMEE STOLT BOARD MEMBER 1.00
Director
$0 $0 $0
BABETTE BUCKNER BOARD MEMBER 1.00
Director
$0 $0 $0
CHAZ SANDIFER BOARD MEMBER 1.00
Director
$0 $0 $0
CHENG SUN BOARD MEMBER (AS OF 6/26/25) 1.00
Director
$0 $0 $0
DEREK BURGESS BOARD MEMBER 1.00
Director
$0 $0 $0
JESSI MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA KOCHIRAS BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE DUNHAM BOARD MEMBER 1.00
Director
$0 $0 $0
PANG XIONG BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA COOPER BOARD MEMBER 1.00
Director
$0 $0 $0
ROBYN SAPHIR BOARD MEMBER 1.00
Director
$0 $0 $0
SOPHIA KAHN BOARD MEMBER (AS OF 6/26/25) 1.00
Director
$0 $0 $0
LEEANN RASACHAK CHIEF EXECUTIVE OFFICER 40.00
Officer
$253,846 $5,075 $258,921
JOANNA SCHNEDLER CFO (AS OF 9/16/24) 40.00
Officer
$35,457 $0 $35,457
ROSEMARIE NDUPUECHI CHIEF ADV & MKTG OFF (THRU 5/30/25) 40.00
Highest
$128,719 $26,003 $154,722
EMILY CONROY CHIEF PROGRAM & CLIENT EXP OFFICER 40.00
Highest
$128,568 $14,628 $143,196
WILLIAM STELLE CHIEF OPERATING OFFICER 40.00
Highest
$104,769 $1,830 $106,599
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,304,863 $4,332,357 $8,198,836 $-27,494
2024 $4,218,648 $4,077,291 $7,545,689 $141,357
2023 $3,555,294 $3,420,554 $6,757,859 $134,740
2022 $8,474,014 $7,368,331 $7,708,341 $1,105,683
2021 $7,715,715 $7,181,339 $6,139,172 $534,376
2020 $1,879,664 $2,782,804 $4,938,505 $-903,140
2019 $2,118,762 $2,051,877 $4,909,379 $66,885
2018 $2,199,606 $2,036,699 $3,309,454 $162,907
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