Womenventure
Womenventure is a public charity based in St. Paul, Minnesota. It supports entrepreneurs through small-business lending, consulting, training, and grant opportunities, with a mission centered on women’s economic success through sustainable businesses.
Womenventure at a glance
In short: Womenventure gave $129K across 1 grant in 2025 (avg $129K), mostly in Minnesota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $129,271
- -68.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $129,271
- -68.9% vs 2024
- Median grant
- $129,271
- Total assets
- $8,198,836
- +8.7% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Womenventure
- Contact
Mailing address: 165 Western Avenue N Ste 8 100, St Paul, MN 55102
Phone: (612) 224-9540
Website: https://womenventure.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Womenventure funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Roots Midwifery LLC ($129K).
Grant Size Distribution
726 grants across all recorded years
The most common grant size was under $50K: 724 grants of 726 (100%).
Geographic Focus
Where this funder awards grants
WomenVenture is based in St. Paul and provides loans and lines of credit to entrepreneurs across Minnesota and throughout the Midwest, serving rural and urban communities. Its child care business grant opportunity is limited to eligible providers operating in Minnesota equity access areas. The 2025 filing’s listed grant recipient was in Minnesota.
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Womenventure gives
- Giving fell 96% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $62K (2023) to $4.2M (2021). In 2025 it made 1 grant totaling $129K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Roots Midwifery LLC Minneapolis, MN | Renovation of Birth Center Facility | $129,271 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $8,198,836 | $4,304,863 | $4,332,357 | $129,271 | 1 | $65,175 |
| 2024 | $7,545,689 | $4,218,648 | $4,077,291 | $415,983 | 1 | $34,063 |
| 2023 | $6,757,859 | $3,555,294 | $3,420,554 | $62,000 | 9 | $1,793 |
| 2022 | $7,708,341 | $8,474,014 | $7,368,331 | $3,190,000 | 296 | $560 |
| 2021 | $6,139,172 | $7,715,715 | $7,181,339 | $4,190,000 | 419 | $2,325 |
| 2020 | $4,938,505 | $1,879,664 | $2,782,804 | — | — | $6,613 |
| 2019 | $4,909,379 | $2,118,762 | $2,051,877 | — | — | $667 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
WomenVenture’s mission is to empower women to achieve their economic goals by building profitable and sustainable businesses that transform communities. Its services include business loans, lines of credit, consulting, and training. It also offers a child care business grant opportunity in partnership with the Minnesota Department of Employment and Economic Development (DEED).
The child care grant opportunity is for licensed Minnesota child care businesses operating in specified equity access areas, including listed communities and Minnesota Tribal Nations. Eligible uses include licensing-related facility improvements, supplies and equipment, regulatory assistance, staff training, marketing, technology, and safety enhancements.
Grantmaking
The 2025 filing lists one grant totaling $129,271, all of it awarded in Minnesota. The grant went to Roots Midwifery LLC in Minneapolis for renovation of a birth center facility. The filing lists nine grants totaling $62,000 in 2023 and one grant totaling $415,983 in 2024. The 2025 typical grant size was $129,271, the sole grant listed for that year.
Separately, WomenVenture advertises a $7,500 child care business grant opportunity for eligible providers in Minnesota. Applicants must be licensed in Minnesota or hold a tribal license, be registered with the Minnesota Secretary of State or hold a tribal license, have a clear plan for using funds, and operate in an eligible equity access area. The opportunity awards priority points for certain circumstances, including adding child care spots or staff. The website directs interested businesses to complete an application.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2025 filing include Gemma Kubat, chair as of June 26, 2025; Kristen Denzer, chair through June 26, 2025; Anna Dosen-Hicks, vice chair as of June 26, 2025; Rhonda Skoby, secretary; and Sara Kaufman, treasurer. The filing also lists AJ Austerman, Afira Hasan, Aimee Stolt, Babette Buckner, and Chaz Sandifer as board members. WomenVenture’s FY2025 impact report identifies LeeAnn Rasachak as chief executive officer.
Womenventure is led by Leeann Rasachak, Chief Executive Officer since 2022 (on filings since 2019); 5 of 24 officers listed in 2025 are compensated.
Officers on the 2025 filing
Leeann Rasachak
Chief Executive Officer
Board Member → Chief Executive Officer, 2022
On filings since 2019
40 hrs/week
$31K (2022) → $254K (2025)
Kristen Denzer
Chair
Board Member → Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Gemma Kubat
Chair
Board Member → Chair, 2025
On filings since 2022
1 hr/week
No compensation reported
Rosemarie Ndupuechi
Chief Advisor & Mktg Officer
Board Member → Chief Advancement & Marketing Officer, 2024
Chief Advancement & Marketing Officer → Chief Advisor & Mktg Officer, 2025
On filings since 2020
40 hrs/week
$115K (2024) → $129K (2025)
Emily Conroy
Chief Program & Client Exp Officer
Chief Program & Client Experience Officer → Chief Program & Client Exp Officer, 2025
On filings since 2024
40 hrs/week
$124K (2024) → $129K (2025)
Joanna Schnedler
CFO
New on the 2025 filing
40 hrs/week
$35K (2025)
William Stelle
Chief Operating Officer
New on the 2025 filing
40 hrs/week
$105K (2025)
Aimee Stolt
Board Member
On filings since 2022
1 hr/week
No compensation reported
Maria Kochiras
Board Member
On filings since 2022
1 hr/week
No compensation reported
Nicole Dunham
Board Member
On filings since 2022
1 hr/week
No compensation reported
Rebecca Cooper
Board Member
On filings since 2022
1 hr/week
No compensation reported
Robyn Saphir
Board Member
On filings since 2022
1 hr/week
No compensation reported
Sara Kaufman
Treasurer
Board Member → Treasurer, 2023
On filings since 2022
1 hr/week
No compensation reported
Aj Austerman
Board Member
On filings since 2023
1 hr/week
No compensation reported
Anna Dosen-Hicks
Vice Chair
Board Member → Vice Chair, 2025
On filings since 2023
1 hr/week
No compensation reported
Babette Buckner
Board Member
On filings since 2023
1 hr/week
No compensation reported
Derek Burgess
Board Member
On filings since 2023
1 hr/week
No compensation reported
Jessi Miller
Board Member
On filings since 2023
1 hr/week
No compensation reported
Pang Xiong
Board Member
On filings since 2023
1 hr/week
No compensation reported
Chaz Sandifer
Board Member
On filings since 2024
1 hr/week
No compensation reported
Rhonda Skoby
Secretary
On filings since 2024
1 hr/week
No compensation reported
Afira Hasan
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Cheng Sun
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Sophia Kahn
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (34)
- Former: Lisa Kramer Rodacker (2019–2024) — Board Member
- Former: Nelima Sitati Munene (2019–2024) — Board Member
- Former: Karla Dross (2022–2024) — Chief Financial Officer
- Former: Alyson Van Dyk (2019–2023) — Secretary
- Former: Aruna Nookala (2019–2023) — Chair
- Former: Carla Pavone (2019–2023) — Board Member
- Former: Lindsay Bickler (2019–2023) — Board Member
- Former: Faatemah Ampey (2022–2023) — Board Member
- Former: Laura Lonsdale (2022–2023) — Board Member
- Former: Cristen Purdy (2019–2022) — Board Member
- Former: Elaine Wyatt (2019–2022) — Former CEO Consultant
- Former: Jandeen Boone (2019–2022) — Board Member
- Former: Linnea Solem (2019–2022) — Board Member
- Former: Rebecca Wall (2019–2022) — Treasurer
- Former: Rosa Tock (2019–2022) — Board Member
- Former: Anna Dosen (2020–2022) — Board Member
- Former: Susan Joos (2020–2022) — Former CFO & Interim CEO
- Former: Erin Horne McKinney (2021–2022) — Former CEO
- Former: Shelley Peterson (2022) — Board Member
- Former: Andrea Hitzemann-Johnson (2019–2021) — Board Member
- Former: Autumn Way (2019–2021) — Chair
- Former: Danielle Lohbeck (2019–2021) — Board Member
- Former: Jenny Verner (2019–2021) — Chair Emeritus
- Former: Meghan Harris (2019–2021) — Vice Chair
- Former: Shelley Peterson-Bourland (2019–2021) — Board Member
- Former: Shelly Elmore (2019–2021) — Board Member
- Former: Sonya McCullum Roberts (2019–2021) — Board Member
- Former: Jeri Meola (2019–2020) — Board Member
- Former: Karen Malmsten (2019–2020) — CFO
- Former: Nayana Jha (2019–2020) — Board Member
- Former: Brooke Weddle (2019) — Board Member
- Former: Crystal Manik (2019) — Board Member
- Former: Laura Fries (2019) — Board Member
- Former: Tammy Schuette (2019) — Treasurer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $254K, to Leeann Rasachak (Chief Executive Officer). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Womenventure
How much does Womenventure give each year?
Womenventure gave $129K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $416K across 1 grant.
How large is Womenventure?
Womenventure reported $8.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.3M.
What does Womenventure fund?
WomenVenture’s mission is to empower women to achieve their economic goals by building profitable and sustainable businesses that transform communities. Its services include business loans, lines of credit, consulting, and training. See mission & focus areas ↑
How do I apply for a grant from Womenventure?
Womenventure has no public application process in the sources Grantable reviewed. Check womenventure.org for current guidelines, or contact the foundation directly before submitting a request.
Where does Womenventure make grants?
WomenVenture is based in St. Paul and provides loans and lines of credit to entrepreneurs across Minnesota and throughout the Midwest, serving rural and urban communities. Its child care business grant opportunity is limited to eligible providers operating in Minnesota equity access areas. The 2025 filing’s listed grant recipient was in Minnesota.
What is Womenventure's EIN?
Womenventure's EIN (Employer Identification Number) is 41-1463426. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS January 20, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 6, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS December 10, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 2, 2026)
- IRS filings on file for fiscal years 2019–2025
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