Womens Bean Project
- Assets
- $8.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 71
- Location
- Denver, CO
- Founding
- 11/1990
- Data as of
- 06/2024
- EIN
- 84-1144973
Organization Overview
Womens Bean Project is located in Denver, CO. The organization was established in 1990. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2024, Womens Bean Project employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Bean Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Womens Bean Project generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $2.3m during the year ending 06/2024. While expenses have increased by 8.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CHANGE WOMEN'S LIVES BY PROVIDING STEPPING STONES (CONTINUED ON SCHEDULE O)TO SELF-SUFFICIENCY THROUGH SOCIAL ENTERPRISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOMEN'S BEAN PROJECT OFFERS TRANSITIONAL EMPLOYMENT OPPORTUNITIES WITH A WRAP AROUND PROGRAM TO WOMEN WHO COME FROM BACKGROUNDS OF CHRONIC UNEMPLOYMENT, POVERTY, OR DISPLACEMENT. THE WOMEN PARTICIPATING IN THE PROGRAM PRODUCE SOUPS, BAKING GOODS, GIFT BOXES AND OTHER NUTRITIONAL FOOD ITEMS. IN ADDITION, THEY ALSO ATTEND COMPUTER CLASSES, TRAUMA SKILLS CLASSES, LIFE SKILLS CLASSES, JOB COACHING, AND ARE PROVIDED WITH INDIVIDUAL CASE MANAGEMENT AND ASSESSMENTS. THE PROGRAM PROVIDES THE BASIC SKILLS FOR THEM TO GET AND KEEP PERMANENT EMPLOYMENT. WHILE WOMEN WORK IN A GOURMET FOOD MANUFACTURING BUSINESS, THEY LEARN INTERPERSONAL SKILLS NEEDED TO FUNCTION INDEPENDENTLY IN THE WORKPLACE AND COMMUNITY. THESE TOOLS EMPOWER WOMEN TO CREATE BETTER LIVES FOR THEMSELVES (CONTINUED ON SCHEDULE O) AND PROVIDE THEIR FAMILIES WITH HOPE. OUR MISSION IS TO PROVIDE OUR WOMEN WITH STEPPING STONES TO SELF-SUFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Stein Wallace Chair | OfficerTrustee | 2 | $0 |
Bret Duston Chair | OfficerTrustee | 2 | $0 |
David Prichard Vice-Chair/treasurer | OfficerTrustee | 2 | $0 |
Amy Kuark Treasurer | OfficerTrustee | 2 | $0 |
Gwen Young Secretary | OfficerTrustee | 2 | $0 |
Helen Lee Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $283,404 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,823,820 |
| Noncash contributions included in lines 1a–1f | $39,330 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,117,224 |
| Total Program Service Revenue | $0 |
| Investment income | $95,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$42,671 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $428,236 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,598,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $225,263 |
| Compensation of current officers, directors, key employees. | $44,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,068,356 |
| Pension plan accruals and contributions | $8,715 |
| Other employee benefits | $136,727 |
| Payroll taxes | $101,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30 |
| Fees for services: Accounting | $14,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,803 |
| Advertising and promotion | $50,732 |
| Office expenses | $50,185 |
| Information technology | $110,195 |
| Royalties | $0 |
| Occupancy | $176,766 |
| Travel | $1,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $297 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,986 |
| Insurance | $33,028 |
| All other expenses | $0 |
| Total functional expenses | $2,335,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,638 |
| Savings and temporary cash investments | $2,428,140 |
| Pledges and grants receivable | $509,921 |
| Accounts receivable, net | $17,844 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,655,000 |
| Inventories for sale or use | $274,195 |
| Prepaid expenses and deferred charges | $24,611 |
| Net Land, buildings, and equipment | $795,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,216 |
| Other assets | $0 |
| Total assets | $8,737,808 |
| Accounts payable and accrued expenses | $123,721 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $456,551 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,199 |
| Total liabilities | $587,471 |
| Net assets without donor restrictions | $7,489,009 |
| Net assets with donor restrictions | $661,328 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,737,808 |