2023-10-05T12:12:33-05:00 2023-02-28 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2022-03-01 391403335 RACINE AREA MANUFACTURERS AND COMMERCE INC RACI 2626341931 300 FIFTH STREET RACINE WI 53403 MATT MONTEMURRO PRESIDENT/CEO 2626341931 2023-10-04 1 MATT MONTEMURRO 999009999 0 LAURA SCHWEITZER CPA P01760010 6086628600 2023-10-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATT MONTEMURRO 300 FIFTH STREET RACINE WI 53403 2446613 0 X WWW.RACINECHAMBER.COM X 1982 WI RACINE'S BUSINESS CHAMPION - TO PROMOTE THE FURTHER DEVELOPMENT OF THE RACINE BUSINESS COMMUNITY AND BE THE VOICE OF THE BUSINESS COMMUNITY. 18 18 55 35 21612 0 1470404 1741716 602889 618976 260 2733 44435 17511 2117988 2380936 5754 9013 0 0 1551287 1850064 0 0 0 503740 470821 2060781 2329898 57207 51038 1005962 1082846 282308 308154 723654 774692 X TO PROMOTE THE FURTHER DEVELOPMENT OF THE RACINE BUSINESS COMMUNITY AND BE THE VOICE OF THE BUSINESS COMMUNITY. 0 0 PUBLIC POLICY - PROMOTE ISSUES IMPORTANT TO THE BUSINESS COMMUNITY; ASSIST MEMBER BUSINESSES WITH PUBLIC POLICY CHALLENGES. TALENT DEVELOPMENT - OFFER RELEVANT AND APPLICABLE TRAINING PROGRAMS ON VARIOUS LEVELS FOR MEMBER BUSINESSES WORKFORCE. BUSINESS DEVELOPMENT - PROVIDE MEMBER-TO-MEMBER MARKETING OPPORTUNITIES; FACILITATE COMMITTEES, ROUNDTABLES AND COMMUNITY DEVELOPMENT ACTIVITIES. NETWORKING - FACILITATE OPPORTUNITIES FOR MEMBERS TO NETWORK WITH ONE ANOTHER. LIVING AS A LEADER - TO PROVIDE A 12-MONTH SERIES WHICH INCLUDES MONTHLY SKILL-BUILDING SESSIONS ALONG WITH MONTHLY ONE-ON-ONE LEADER COACHING. LEADERSHIP RACINE - THE LEADERSHIP RACINE PROGRAM BUILDS COMMUNITY TRUSTEESHIP THROUGH THE DEVELOPMENT OF STRONG, DIVERSE AND KNOWLEDGEABLE LEADERS. THIS 9 MONTH PROGRAM IS DESIGNED TO RECRUIT PROMISING LEADERS AND HELP PREPARE THEM FOR POSITIONS OF PUBLIC INFLUENCE AND DECISIONMAKING IN THE GREATER RACINE AREA. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 9 0 1 55 1 1 1 0 0 0 1 1 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 0 0 X RACINE AREA MANUFACTURERS AND COMMERCE INC 2626341931 300 FIFTH STREET RACINE WI 53403 MARK BEHRENS CHAIR 1.00 X X 0 0 0 JUDY MELARO-GAVIGAN MEMBERSHIP CHAIRMAN 2.00 X X 0 0 0 DOUG NICHOLSON ACTIVITIES CHAIRMAN 1.00 X X 0 0 0 RYAN BRATH COMAR CHAIRMAN 1.00 X X 0 0 0 JODY MUNIZ PUBLIC POLICY CHAIRMAN 1.00 X X 0 0 0 SCOTT HESS VICE CHAIR/FINANACE CHAIRMAN 1.00 X X 0 0 0 DANA CHRISTENSEN DIRECTOR 1.00 X 0 0 0 MIKE CRETTON DIRECTOR 1.00 X 0 0 0 CRISTA KRUSE DIRECTOR 1.00 X 0 0 0 JIM LADWIG DIRECTOR 1.00 X 0 0 0 STEVE LANGER DIRECTOR 1.00 X 0 0 0 LORETTA OLSON DIRECTOR 3.00 X 0 0 0 JOHN WARREN DIRECTOR 1.00 X 0 0 0 LIZ POWELL DIRECTOR 1.00 X 0 0 0 TOM SCHAEFER DIRECTOR 1.00 X 0 0 0 FRANK STERBIN JR DIRECTOR 1.00 X 0 0 0 JEFF KNUTSON DIRECTOR 1.00 X 0 0 0 BRIAN WEAVER DIRECTOR 1.00 X 0 0 0 MATT MONTEMURRO PRESIDENT/CEO 40.00 X 135882 0 5427 135882 0 5427 1 0 0 0 0 65083 1675907 726 1741716 MEMBERSHIP DUES AND AS 900099 422274 422274 MEMBER SERVICES - CONS 900099 94249 94249 MEMBER SERVICES - TRAI 900099 84408 84408 OTHER PROGRAM REVENUE 900099 18045 18045 618976 2733 2733 59455 65083 65677 -6222 -6222 ADVERTISING INCOME 900099 21612 21612 ANNUAL REPORT INCOME 900099 1600 1600 MISCELLANEOUS REVENUE 900099 521 521 23733 2380936 621097 21612 -3489 7263 1750 144698 1440439 19239 112571 133117 336 63201 162131 4770 17774 29672 39022 8300 1969 18662 4968 TRAINING AND EDUCATION 57348 OTHER PROGRAM EXPENSES 16390 BUSINESS QUARTERLY PUBL 15135 BAD DEBTS 11001 20142 2329898 122207 126177 505373 551105 114720 138287 99169 97693 2597 2738 28763 26594 650695 535262 114729 115433 18404 24819 1005962 1082846 104348 112108 177039 185862 921 10184 282308 308154 X 708750 760674 14904 14018 723654 774692 1005962 1082846 51038 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 27000 27000 85651 79866 5785 447177 392428 54749 90867 62968 27899 115433 X PART X, LINE 2: THE ORGANIZATION ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAX GUIDANCE, FASB 740, INCOME TAXES, ON MARCH 1, 2011. THE ADOPTION OF THAT GUIDANCE RESULTED IN NO CHANGE TO NET ASSETS AND ACCRUED TAXES. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAWS, AND NEW AUTHORITATIVE RULINGS. AS OF FEBRUARY 28, 2023, MANAGEMENT BELIEVES ALL TAX-RELATED EXPENSES AND BENEFITS HAVE BEEN RECOGNIZED. AS OF FEBRUARY 28, 2023, THE ORGANIZATION HAS NO ACCRUED INTEREST OR PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES A FEDERAL INFORMATION RETURN IN THE U.S. JURISDICTION. NONE OF THE ORGANIZATION'S FEDERAL RETURNS FOR 2020, 2021 OR 2022 ARE CURRENTLY UNDER EXAMINATION. GOLF OUTING 49453 20133 29320 900 20435 1914 3148 ANNUAL DINNER 52125 38450 13675 13052 81 15000 969 1 22960 6500 16460 9109 741 1228 124538 65083 59455 900 42596 2736 15000 5345 66577 -7122 0 RACINE AREA MANUFACTURERS AND COMMERCE FOUNDATION INC 300 FIFTH STREET RACINE WI 53403 391713952 501(C)(3) 7263 0 TO SUPPORT THE ORGANIZATION'S MISSION TO FACILIATE BUSINESS/EDUCATION PARTNERSHIPS IN THE RACINE COMMUNITY. 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE WILL REVIEW THE FORM 990 AT A REGULAR MEETING. THEY MEET EVERY OTHER MONTH. THE COMMITTEE CONSISTS OF THE OFFICERS AND VICE CHAIRS OF THE ORGANIZATION. REVIEWED PRIOR TO SUBMISSION TO IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR A CONFLICT OF INTEREST POLICY IS REVIEWED AND ALL BOARD MEMBERS MUST 'SIGN OFF' ON THE POLICY. ALL BOARD MEMBERS ARE COVERED UNDER THE POLICY. IF THERE IS A POTENTIAL OR ACTUAL CONFLICT, THE EXECUTIVE COMMITTEE WOULD REVIEW IT AND RESPOND AS NECCESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE DETERMINES COMPENSATION OF TOP MANAGEMENT. THE PRESIDENT/CEO MAKES RECOMMENDATIONS ON COMPENSATION OF KEY EMPLOYEES. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. RACINE AREA MANUFACTURERS AND COMMERCE FOUNDATION INC 300 5TH STREET RACINE WI 53403 391713952 PROMOTES EDUCATION IN THE RACINE AREA WI 501(C)(3) 11A N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0