Civic Intelligence

Women'S Economic Self-Sufficiency

EIN 85-0367809 • 501(c)3 • Albuquerque, NM

Profile

Wesst facilitates the start-up and growth of small businesses throughout new mexico. Wesst's key services, offered at six regional offices, include microenterprise, small business and financial literacy training, technical assistance, business incubation and access to capital through its revolving loan fund. The wesst enterprise center, a leed-certified small business incubator, opened in january 2009. Through the benefits of a comprehensive business assistance program and guidance from advisors and mentors, members can accelerate the growth of their companies.

609 Broadway Blvd NEAlbuquerque, NM 87102

www.wesst.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

36th percentile

0.15x

Higher debt load relative to assets than 36% of similar nonprofits.

NTEE P • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.19x

Higher debt load relative to revenue than 44% of similar nonprofits.

NTEE P • $10M-$25M nonprofits • Source year 2024

Net Margin

64th percentile

6.8%

Higher net margin than 64% of similar nonprofits.

NTEE P • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$115,907

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

NTEE P • $10M-$25M nonprofits • Source year 2024

Asset Growth

60th percentile

7.4%

Faster asset growth than 60% of similar nonprofits.

NTEE P • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

280%

Faster revenue growth than 96% of similar nonprofits.

NTEE P • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$11,898,052

Up $817,688 (+7.4%) from 2023

Liabilities

Up

$1,769,233

Up $190,978 (+12%) from 2023

Net Assets

Up

$10,128,819

Up $626,710 (+6.6%) from 2023

Revenue

Up

$9,157,695

Up $6,750,856 (+280%) from 2023

Expenses

Up

$8,532,140

Up $5,408,991 (+173%) from 2023

Net Income

Up

$625,555

Up $1,341,865 (+187%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $10,434,744Liabilities 2011: $2,895,738Net Assets 2011: $7,539,0062011Assets 2012: $12,609,579Liabilities 2012: $2,783,490Net Assets 2012: $9,826,0892012Assets 2013: $12,217,570Liabilities 2013: $2,366,270Net Assets 2013: $9,851,3002013Assets 2014: $11,760,798Liabilities 2014: $1,732,959Net Assets 2014: $10,027,8392014Assets 2015: $11,244,728Liabilities 2015: $1,436,771Net Assets 2015: $9,807,9572015Assets 2016: $11,216,198Liabilities 2016: $1,252,953Net Assets 2016: $9,963,2452016Assets 2017: $11,680,390Liabilities 2017: $1,827,765Net Assets 2017: $9,852,6252017Assets 2018: $11,204,040Liabilities 2018: $1,513,745Net Assets 2018: $9,690,2952018Assets 2019: $11,047,646Liabilities 2019: $1,903,238Net Assets 2019: $9,144,4082019Assets 2020: $11,391,087Liabilities 2020: $2,018,740Net Assets 2020: $9,372,3472020Assets 2021: $11,151,256Liabilities 2021: $1,449,303Net Assets 2021: $9,701,9532021Assets 2022: $11,077,017Liabilities 2022: $1,308,686Net Assets 2022: $9,768,3312022Assets 2023: $11,080,364Liabilities 2023: $1,578,255Net Assets 2023: $9,502,1092023Assets 2024: $11,898,052Liabilities 2024: $1,769,233Net Assets 2024: $10,128,8192024

Highlighted filing

2024

Assets$11,898,052
Liabilities$1,769,233
Net Assets$10,128,819

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $2,330,6442011Revenue 2012: $3,233,347Expenses 2012: $2,380,014Net Income 2012: $853,3332012Revenue 2013: $2,424,974Expenses 2013: $2,399,765Net Income 2013: $25,2092013Revenue 2014: $2,312,194Expenses 2014: $2,603,200Net Income 2014: -$291,0062014Revenue 2015: $2,664,948Expenses 2015: $2,884,830Net Income 2015: -$219,8822015Revenue 2016: $2,797,729Expenses 2016: $2,642,441Net Income 2016: $155,2882016Revenue 2017: $2,818,352Expenses 2017: $2,920,453Net Income 2017: -$102,1012017Revenue 2018: $2,868,936Expenses 2018: $3,022,747Net Income 2018: -$153,8112018Revenue 2019: $2,614,597Expenses 2019: $3,151,965Net Income 2019: -$537,3682019Revenue 2020: $3,035,690Expenses 2020: $2,799,232Net Income 2020: $236,4582020Revenue 2021: $3,334,840Expenses 2021: $2,996,715Net Income 2021: $338,1252021Revenue 2022: $3,404,509Expenses 2022: $3,329,612Net Income 2022: $74,8972022Revenue 2023: $2,406,839Expenses 2023: $3,123,149Net Income 2023: -$716,3102023Revenue 2024: $9,157,695Expenses 2024: $8,532,140Net Income 2024: $625,5552024

Highlighted filing

2024

Revenue$9,157,695
Expenses$8,532,140
Net Income$625,555

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.9$1.77$10.1$9.16$8.53$0.63
2023Detailed filing. Detailed filing data is available for this year.$11.1$1.58$9.50$2.41$3.12$0.72
2022Detailed filing. Detailed filing data is available for this year.$11.1$1.31$9.77$3.40$3.33$0.07
2021Detailed filing. Detailed filing data is available for this year.$11.2$1.45$9.70$3.33$3.00$0.34
2020Detailed filing. Detailed filing data is available for this year.$11.4$2.02$9.37$3.04$2.80$0.24
2019Detailed filing. Detailed filing data is available for this year.$11.0$1.90$9.14$2.61$3.15$0.54
2018Detailed filing. Detailed filing data is available for this year.$11.2$1.51$9.69$2.87$3.02$0.15
2017Detailed filing. Detailed filing data is available for this year.$11.7$1.83$9.85$2.82$2.92$0.10
2016Detailed filing. Detailed filing data is available for this year.$11.2$1.25$9.96$2.80$2.64$0.16
2015Detailed filing. Detailed filing data is available for this year.$11.2$1.44$9.81$2.66$2.88$0.22
2014Detailed filing. Detailed filing data is available for this year.$11.8$1.73$10.0$2.31$2.60$0.29
2013Detailed filing. Detailed filing data is available for this year.$12.2$2.37$9.85$2.42$2.40$0.03
2012Summary only. Only limited summary data is available for this year.$12.6$2.78$9.83$3.23$2.38$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$2.90$7.54$2.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 18, 2025
Return Version
2024v5.0
Gross Receipts
$9,190,492
Mission and Program Overview

Mission

Wesst facilitates the start-up and growth of small businesses throughout new mexico. Wesst's key services, offered at six regional offices, include microenterprise, small business and financial literacy training, technical assistance, business incubation and access to capital through its revolving loan fund. The wesst enterprise center, a leed-certified small business incubator, opened in january 2009. Through the benefits of a comprehensive business assistance program and guidance from advisors and mentors, members can accelerate the growth of their companies.

Wesst is a home to entrepreneurs providing a support system of consulting, training, incubation, and lending to help new mexicans strengthen and grow their small businesses through sustainable business models, financial empowerment, and job creation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,248,477$6,037,763▼ $210,714
Savings and Temporary Cash Investments$2,429,215$3,065,941▲ $636,726
Pledges and Grants Receivable$877,603$1,004,178▲ $126,575
Other Notes and Loans Receivable, Net$1,034,315$838,843▼ $195,472
Cash and Non-Interest-Bearing Accounts$345,102$829,502▲ $484,400
Prepaid Expenses and Deferred Charges$18,630$54,610▲ $35,980
Intangible Assets$59,737$29,929▼ $29,808
Accounts Receivable$44,881$13,052▼ $31,829
Total Assets$11,080,364$11,898,052▲ $817,688
Other Assets Total$22,404$24,234▲ $1,830
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,026,909$856,965▼ $169,944
Deferred Revenue$335,911$490,005▲ $154,094
Accounts Payable and Accrued Expenses$84,349$268,066▲ $183,717
Unsecured Notes Loans Payable$50,000$100,000▲ $50,000
Other Liabilities$81,086$54,197▼ $26,889
Total Liabilities$1,578,255$1,769,233▲ $190,978
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,591,720$6,554,026▼ $37,694
Net Assets With Donor Restrictions$2,910,389$3,574,793▲ $664,404
Total Net Assets Fund Balance$9,502,109$10,128,819▲ $626,710
Total Liabilities and Net Assets / Fund Balance$11,080,364$11,898,052▲ $817,688

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,253,920$2,009,572$6,263,492
Buildings$1,459,011$865,151$2,324,162
Land$225,713-$225,713
Leasehold Improvements$65,573$80,726$146,299
Equipment$33,546$35,849$69,395

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$18,855-▲ $1,379-$20,010
2023$17,662-▲ $1,380-$18,855
2022$18,657-▼ $797-$17,662
2021$10,000---$10,000
2020$10,000---$10,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Agnes NoonanPresidentFT$111,493$4,414$115,907
Cheri LopezVP of FinancFT$94,862$18,855$113,717

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Growing Up New MexicoChildcare Educa440 CERRILLOS RD SUITE A, Santa Fe, NM 87501$738,100
Civitas Strategies LLCChildcare Educa1 HAMPTON CT, Lynnfield, MA 01940$625,370
Revenue and Support

Revenue Composition

Contributions and Grants
$4,260,155
Program Service Revenue
$4,883,418
Investment Income
$9,786
Other Revenue
$4,336
All Other Contributions
$869,596
Change in Net Assets
$625,555

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table28$37,213Valued Per Donors
Total Noncash Contributions28$37,213-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,157,695
Revenue Not Reported on Form 990
$116,115
Total Revenue per Audited Statements
$9,273,810
Total Revenue per Form 990
$9,157,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,041,189
Other Expenses$2,760,459
Salaries, Compensation, and Employee Benefits$2,730,492
Total Fundraising Expense$203,453
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,497,554--$2,497,554
Other Salaries and Wages$1,994,052$34,870$144,484$2,173,406
Fees for Services Other$1,821,320$2,750$35,743$1,859,813
Grants to Domestic Individuals$543,635--$543,635
Depreciation Depletion$240,521--$240,521
Occupancy$234,163-$700$234,863
Current Officers, Directors, Trustees, and Key Employees$210,264$4,140$15,220$229,624
Payroll Taxes$158,546$4,176$11,759$174,481
Other Employee Benefits$114,969$4,559$8,250$127,778
Office Expenses$112,771$1,245$11,907$125,923
Travel$91,024$896$371$92,291
Insurance$42,244--$42,244
Pension Plan Contributions$22,676$900$1,627$25,203
Interest$15,869$1,170$2,295$19,334
Advertising$3,350$137-$3,487
Other Expenses$1,000$307$3,464$1,000
All Other Expenses$-23,144-$-32,797$-55,941
Total Functional Expenses$8,207,872$120,815$203,453$8,532,140

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,647,100
Expenses per Audited Statements$8,532,140
Total Expenses per Form 990$8,532,140
Expenses Not Reported on Form 990$114,960
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Covenant Schools of Rio RanchRio Rancho, NM501c3Ececd Childcare Gran$96,498
Building Bridges Child DevelopmentAlbuquerque, NM501c3Ececd Childcare Gran$80,000
Happy Days Christian Day Care & PreRio Rancho, NM-Ececd Childcare Gran$80,000
La Luz Early Childhood CenterAlbuquerque, NM-Ececd Childcare Gran$80,000
The Sunnyside DaycareCarlsbad, NM-Ececd Childcare Gran$80,000
Wee Kids Kountry Klub IncHobbs, NM-Ececd Childcare Gran$80,000
Covenant School Del NorteAlbuquerque, NM501c3Ececd Childcare Gran$63,395
3-d Enterprises IncFarmington, NM501c3Ececd Childcare Gran$60,000
Albuquerque Foursquare Church Dba EAlbuquerque, NMGovEcecd Childcare Gran$60,000
El Grito IncSilver City, NM-Ececd Childcare Gran$60,000
Little Butterflies Learning CenterAlbuquerque, NM-Ececd Childcare Gran$60,000
Little Tumbleweed Daycare New BeginLas Cruces, NM-Ececd Childcare Gran$60,000
PERALTA'S PLAYHOUSE INCLos Lunas, NM-Ececd Childcare Gran$60,000
Rainbow Child Development Center inAlbuquerque, NM-Ececd Childcare Gran$60,000
Robert Chavez Youth DevelopmentAlbuquerque, NM-Ececd Childcare Gran$52,371
COMMUNITY 5413 DBA CHILDREN'S PROMAlbuquerque, NM501c3Ececd Childcare Gran$50,000
Garcia Street Club IncSanta Fe, NM-Ececd Childcare Gran$50,000
Happy Feet Childcare IncAlbuquerque, NM-Ececd Childcare Gran$50,000
My Kiddos TooRoswell, NM-Ececd Childcare Gran$50,000
My Little Sunshine AcademyAlbuquerque, NM-Ececd Childcare Gran$50,000
Kidz R US Learning Academy (01)Albuquerque, NM-Ececd Childcare Gran$45,000
Steps Ahead Learning CenterAlbuquerque, NM-Ececd Childcare Gran$45,000
Albuquerque Christian SchoolAlbuquerque, NM501c3Ececd Childcare Gran$40,000
Casa Montessori PreschoolFarmington, NM501c3Ececd Childcare Gran$40,000
Cuidando Los NiosAlbuquerque, NM-Ececd Childcare Gran$40,000
Little Amigos Child Development CenLas Cruces, NM-Ececd Childcare Gran$40,000
Navajo United Methodist CenterFarmington, NM-Ececd Childcare Gran$40,000
New Mexico Early Learning AcademyAlbuquerque, NM-Ececd Childcare Gran$40,000
Nm Institute of Mining and TechnoloSocorro, NM-Ececd Childcare Gran$40,000
Temple Beth Shalom PreschoolSanta Fe, NM-Ececd Childcare Gran$40,000
La Esperanza Child Development CentAlbuquerque, NM-Ececd Childcare Gran$36,000
CHILDREN'S PLAYHOUSE LLCLas Cruces, NM501c3Ececd Childcare Gran$30,000
Carousel Learning CenterDexter, NM501c3Ececd Childcare Gran$30,000
Charlottes Place PreschoolLas Cruces, NM501c3Ececd Childcare Gran$30,000
Country Bumpkin Daycare LLCRio Rancho, NM501c3Ececd Childcare Gran$30,000
First Presbyterian Church of SantaSanta Fe, NM-Ececd Childcare Gran$30,000
Gym Magic IncLas Cruces, NM-Ececd Childcare Gran$30,000
Jocelyns DaycareAlbuquerque, NM-Ececd Childcare Gran$30,000
Little Tumbleweed Daycare Too IncLa Mesa, NM-Ececd Childcare Gran$30,000
Precious Moments Learning Center IAlbuquerque, NM-Ececd Childcare Gran$30,000
Santa Fe Montessori Childcare ProgrSanta Fe, NM-Ececd Childcare Gran$30,000
Llano Learning Services LLCClovis, NM-Ececd Childcare Gran$24,850
La Vida Felicidad IncLos Lunas, NM-Ececd Childcare Gran$24,440
Cuba Independent School DistrictCuba, NM-Ececd Childcare Gran$20,000
Happy Face Academy LLCAlbuquerque, NM-Ececd Childcare Gran$20,000
Learning Together Childcare CenterAlbuquerque, NM-Ececd Childcare Gran$20,000
Miss Kellys Academy IncAlbuquerque, NM-Ececd Childcare Gran$20,000
Abcs Daycare LLCVado, NM501c3Ececd Childcare Gran$10,000
Chavelitas Place LLCLas Cruces, NM501c3Ececd Childcare Gran$10,000
Child Care Castle CorporationFarmington, NM501c3Ececd Childcare Gran$10,000
Childrens Christian Development CenClovis, NM501c3Ececd Childcare Gran$10,000
Corazones Felices Childcare HomeHatch, NM501c3Ececd Childcare Gran$10,000
Creciendo Juntos Child DevelopmentChaparral, NM-Ececd Childcare Gran$10,000
Daisy Home Child Care LLCChaparral, NM-Ececd Childcare Gran$10,000
EXPLORA SCIENCE CENTER & CHILDREN'SAlbuquerque, NM-Ececd Childcare Gran$10,000
Eglys Aracely Rivero MedinaAlbuquerque, NM-Ececd Childcare Gran$10,000
Estrellas Del Futuro Learning CenteAlbuquerque, NM-Ececd Childcare Gran$10,000
Happy PlaceLas Cruces, NM-Ececd Childcare Gran$10,000
Immanuel Lutheran Church and SchoolAlbuquerque, NM-Ececd Childcare Gran$10,000
Joy Learning CenterAlbuquerque, NM-Ececd Childcare Gran$10,000
KOALA CHILDREN'S ACADEMY LLCAlbuquerque, NM-Ececd Childcare Gran$10,000
Keiki CareSilver City, NM-Ececd Childcare Gran$10,000
Kids Planet CdcAlbuquerque, NM-Ececd Childcare Gran$10,000
Kidz Life CenterHobbs, NM-Ececd Childcare Gran$10,000
Kidzo Ccdc - West CampusClovis, NM-Ececd Childcare Gran$10,000
La Mariposa MontessoriSanta Fe, NM-Ececd Childcare Gran$10,000
Little Hands Nm LLCAlbuquerque, NM-Ececd Childcare Gran$10,000
Los Pinos Care LLCSocorro, NM-Ececd Childcare Gran$10,000
Maribel GonzalezAlbuquerque, NM-Ececd Childcare Gran$10,000
Mid-west New Mexico Community ActioLos Lunas, NM-Ececd Childcare Gran$10,000
Montessori KidsllcAlbuquerque, NM-Ececd Childcare Gran$10,000
Mundo De ColoresAlbuquerque, NM-Ececd Childcare Gran$10,000
Pasitos Traviesos LLCAlbuquerque, NM-Ececd Childcare Gran$10,000
Pequenas Ilusiones DaycaAlbuquerque, NM-Ececd Childcare Gran$10,000
Rehoboth Christian SchoolRehoboth, NM-Ececd Childcare Gran$10,000
Rio Rancho Public SchoolsRio Rancho, NM-Ececd Childcare Gran$10,000
Rosita Fresita Daycare LLCAlbuquerque, NM-Ececd Childcare Gran$10,000
Superstars Preschool LLCAlbuquerque, NM-Ececd Childcare Gran$10,000
Sweet MemoriesAlbuquerque, NM-Ececd Childcare Gran$10,000
Tiny Dinosaur DaycareRinconm, NM-Ececd Childcare Gran$10,000
Trinity Learning Center LLCAlbuquerque, NM-Ececd Childcare Gran$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$32,797
Fundraising Gross Income$24,428
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Soiree$200,428$24,428$4,515$19,913
Total Events$200,428$24,428$32,797$-8,369
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$30,740
Deposits$23,457
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
WOMEN'S ECONOMIC SELF-SUFFICIENCY
EIN
85-0367809
Phone
5052466900
Address
609 BROADWAY BLVD NE, ALBUQUERQUE, NM 87102
Doing Business As
Wesst

Signing Officer

Name
Lindsey Kay
Title
President
Phone
5052466900
Signed
2025-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Agnes Noonan
Formed
1988
Legal Domicile
Nm
Voting Board Members
17
Independent Board Members
17
Employees
47
Volunteers
75

Preparer

Firm
Hinkle Landers Pc
Address
2500 9TH ST NW, ALBUQUERQUE, NM 87102-1055
Preparer
Farley Vener
Phone
5058838788
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Wesst is a home to entrepreneurs providing a support system of consulting, training, incubation, and lending to help new mexicans strengthen and grow their small businesses through sustainable business models, financial empowerment, and job creation.

Form 990, Page 2, Part III, Line 4A

Founded in 1988, wesst is committed to providing a support system of consulting, training, incubation, and lending to help new mexicans strengthen and grow their small businesses through sustainable business models, financial empowerment, and job creation. Wesst offers comprehensive bilingual business services from the pre-startup stage through growth and repositioning. Over the past 3 decades, wesst has facilitated the start-up of 2,760 new businesses, the creation of 5,688 new jobs and over 11.0 million loaned to clients. 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 startup 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, Part IX, Line 11G

Professional services 431,250 1,475 35,743 other professional fees 26,600 1,275 0 ececd contractors 1,363,470 0 0 total 1,821,320 2,750 35,743

Financial Statement Notes

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 nonprofit organization exempt from federal income tax under section 501(c)(3) of the internal revenue code and corresponding state law as a charitable organization. Only unrelated business taxable income, as defined by section 509(a)(1) of the code, is subject to federal income tax. As wesst currently has no unrelated business income, no provision for income taxes has been recorded. Additionally, wesst is classified as an organization other than a private foundation. In accordance with asc 450, accounting for contingencies, wesst evaluates uncertain tax positions, recording the effect of uncertainties if the outcome is considered probable and reasonably estimable. Management believes that wesst operates within its tax-exempt purpose. Wesst files its federal form 990 tax return with the internal revenue service. The 990 is also filed with the new mexico department of justices online charitable registration. Wesst is not currently under audit nor has the organization been contacted by any of these jurisdictions. Management believes it is operating within their tax-exempt purpose.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01004178
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018630
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt054610
IRS990/PrincipalOfficerNm0AGNES NOONAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2541610
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/Desc0ECECD CONTRACTS
IRS990/ProgramServiceRevenueGrp/Desc1WEC MEMBERSHIP & SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2CONSULTING & TRAINING
IRS990/ProgramServiceRevenueGrp/Desc3LOAN FEES & INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04429139
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1332872
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt268729
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt352678
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04429139
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1332872
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt268729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt352678
IRS990/ProgSrvcAccomActy2Grp/Desc0FINANCIAL ASSISTANCE: AT DECEMBER 31, 2024, WESST HAD 122 LOANS OUTSTANDING TOTALING APPROXIMATELY 838,843. 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0183849
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt052678
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01949500
IRS990/PYExcessBenefitTransInd0false

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