2023-11-14T14:46:31-06:00 2022-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2022-01-01 391597954 WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION WISC 4142635450 1533 N RIVERCENTER DRIVE MILWAUKEE WI 53212 WENDY K BAUMANN PRESIDENT 4142635450 2023-11-14 1 WENDY BAUMANN 999009999 1 RENEE MESSING P01872384 4142711451 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WENDY K BAUMANN 1533 N RIVERCENTER DRIVE MILWAUKEE WI 53212 9685439 0 X WWW.WWBIC.COM X 1987 WI PROVIDE ECONOMIC DEVELOPMENT BY PROVIDING ACCESS TO CAPITAL INCLUDING DIRECT LENDING; ONE ON ONE INDIVIDUALIZED BUSINESS ASSISTANCE; BUSINESS EDUCATION, AND ASSET BUILDING FINANCIAL AWARENESS EDUCATION WITH AN EMPHASIS ON WOMEN, PEOPLE OF COLOR, LOWER INCOMES, AND VETERANS. 11 10 99 300 0 0 7093238 5632560 1784826 2129357 1439045 1539570 266695 305419 10583804 9606906 1212885 795654 0 0 4947763 5083764 0 0 183906 3092793 3504764 9253441 9384182 1330363 222724 42014379 45566731 31505078 34876708 10509301 10690023 X PROVIDE ECONOMIC DEVELOPMENT BY PROVIDING ACCESS TO CAPITAL INCLUDING DIRECT LENDING; ONE ON ONE INDIVIDUALIZED BUSINESS ASSISTANCE; BUSINESS EDUCATION, AND ASSET BUILDING FINANCIAL AWARENESS EDUCATION WITH AN EMPHASIS ON WOMEN, PEOPLE OF COLOR, LOWER INCOMES, AND VETERANS. 0 0 3265274 429674 2771157 IN FY 2022, WWBIC CLOSED ON 109 LOANS TOTALING $ 8,271,667 DOLLARS IN SMALL BUSINESS AND MICROLOAN PRODUCTS. 2184912 279580 561370 IN FY 2022, WWBIC PROVIDED 24,042 COUNSELING AND TRAINING HOURS TO ENTREPRENEURS AND POTENTIAL ENTREPRENEURS. THE VETERANS BUSINES OUTREACH CENTER PROGRAM TRAINED 638 VETERANS AND MILITARY-CONNECTED FAMILY MEMBERS. WWBIC'S MAKE YOUR MONEY TALK FINANCIAL CAPABILITY TRAINING GRADUATED 170 INDIVIDUALS AND OPENED 104 MATCHED SAVINGS ACCOUNTS. 486285 86400 495541 DURING FY2022, WWBIC ADMINISTERED A FISCAL SPONSORSHIP PROJECT WHICH SURVEYS BUSINESSES AND ENTREPRENEURIAL SUPPORT ORGANIZATIONS (ESOS). THIS INFORMATION IS COMPILED INTO A REPORT AND FORWARDED TO THE MAIN REPORTING ENTITY TO DEVELOP CAPACITY-BUILDING PROGRAMS AND SERVICES TO SUPPORT THE ESOS IN THEIR EFFORTS TO SUPPORT SMALL BUSINESSES. 5936471 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 101 0 1 99 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X JON GAINES 4142635450 1533 N RIVERCENTER DRIVE MILWAUKEE WI 53212 STEVE SALOUTOS CHAIRPERSON 1.00 X X 0 0 0 JOHNNY L MOUTRY JR VICE CHAIR & SECRETARY 1.00 X X 0 0 0 KATHRYN ANDREA TREASURER 1.00 X X 0 0 0 LORISSA R BANUELOS DIRECTOR 1.00 X 0 0 0 WILLIAM COLEMAN DIRECTOR 1.00 X 0 0 0 KATE HILL DIRECTOR 1.00 X 0 0 0 LISA JOHNSON DIRECTOR 1.00 X 0 0 0 MICHAEL MCDONAGH DIRECTOR 1.00 X 0 0 0 KIP RITCHIE DIRECTOR 1.00 X 0 0 0 JOHN M STEWART DIRECTOR 1.00 X 0 0 0 WENDY K BAUMANN PRESIDENT 40.00 X X 189562 0 20223 KARIN GALE DIRECTOR 1.00 X 0 0 0 JON GAINES VP BUSINESS AND FINANCE 40.00 X 150680 0 28227 KAMALJIT JACKSON VP PROGRAMS AND OPERATIONS 40.00 X 139084 0 27110 CHRISTINA KNUDSEN VP DEVELOPMENT AND COMMUNICATIONS 40.00 X 123513 0 9048 HEATHER LUX REGIONAL DIRECTOR - SE 40.00 X 104813 0 13542 KIMBERLY ZEULI SMALL BUSINESS FINANCE FORWARD PROJECT MANAGER 40.00 X 191360 0 4858 899012 0 103008 6 0 1 0 ZIZZL LLC 313 N PLANKINTON AVE MILWAUKEE WI 53203 HEALTH BENEFITS ADMIN 481483 AF TECHNICAL RESOURCES 735 N WATER ST STE 1225 MILWAUKEE WI 53202 IT SERVICES 193004 2 4779628 852932 5632560 CONSULTING FEES 541900 1914187 1914187 LOAN FEES 522291 199841 199841 TRAINING FEES 611600 15329 15329 2129357 1539570 1500189 39381 185430 78533 106897 106897 IDA FEES 900099 139992 139992 COLLECTION ON BAD DEBT 900099 39314 39314 MISCELLANEOUS 900099 19216 19216 198522 9606906 3828068 0 146278 X 795654 795654 388692 246287 128400 14005 3659946 2377784 1155038 127124 98223 62703 35520 615764 308708 274628 32428 321139 211554 99236 10349 112019 108491 3528 34520 1520 33000 987299 580843 406456 29260 2273 26987 334148 96022 238126 408992 8256 400736 148939 33380 115559 109862 28421 81441 465187 465187 51966 51966 BAD DEBT EXPENSE 546423 546423 TRAINING AND DEVELOPMEN 64840 21276 43564 OTHER EXPENSE 47619 2167 45452 CREDIT ANALYSIS AND FIL 44522 34067 10455 119168 5455 113713 9384182 5936471 3263805 183906 20516888 17144939 208791 200164 2237669 2237075 1312753 1709930 17624002 19408882 114276 109316 425339 425339 0 0 3755679 0 1000746 42014379 45566731 1668366 2146838 3781733 6383491 1313850 1429711 24737911 23899743 3218 1016925 31505078 34876708 X 10175153 10355875 334148 334148 10509301 10690023 42014379 45566731 222724 -42002 0 X X 0 1 X 1 1 1 X 4776677 6365229 8626490 7093238 5632560 32494194 4776677 6365229 8626490 7093238 5632560 32494194 32494194 7679 7607 4102 6975 39381 65744 278640 407858 365498 266695 305419 1624110 34184048 13146366 0.95060 0.70870 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 162,557. 2019 AMOUNT: $ 295,062. 2020 AMOUNT: $ 295,352. 2021 AMOUNT: $ 181,365. 2022 AMOUNT: $ 198,522. LUNCHEON - 2018 AMOUNT: $ 116,083. 2019 AMOUNT: $ 112,796. 2020 AMOUNT: $ 70,146. 2021 AMOUNT: $ 85,330. 2022 AMOUNT: $ 106,897. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17853 17853 0 407486 407486 0 0 IDA RESERVE FUND -34537 OPERATING LEASE 1051462 1016925 X 9802618 195712 195712 9606906 0 9606906 9579894 195712 195712 9384182 0 9384182 PART X, LINE 2: WWBIC IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2022, WWBIC HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. WWBIC DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. LUNCHEON 185430 185430 52301 26232 185430 185430 52301 26232 78533 106897 1 ADAS HOUSE LLC 4335 N 61ST STREET SUITE 4337 MILWAUKEE WI 53216 854012875 10000 0 SMALL BUSINESS ASSISTANCE ADVENTURES IN FARMING 39613 60TH STREET BURLINGTON WI 53105 472785511 15000 0 BREWERS GRANT BRIDGEWATER PERFRMNCE 6542 S LOVERS LN FRANKLIN WI 53132 470975826 10000 0 SMALL BUSINESS ASSISTANCE CHECKPOINT KENOSHA LLC 5301 22ND AVE KENOSHA WI 53140 874066734 10000 0 SMALL BUSINESS ASSISTANCE D&D CHIROPRACTIC AND WELLNESS 450 HIGH ST WRIGHTSTOWN WI 54180 873343681 10000 0 SMALL BUSINESS ASSISTANCE DESHAYLAS DECOR LLC 2625 S GREELEY STREET SUITE 228 MILWAUKEE WI 53207 861597340 10000 0 SMALL BUSINESS ASSISTANCE ECOWASH PRESSURE 550 APOLLO WAY MADISON WI 53718 853965585 10000 0 SMALL BUSINESS ASSISTANCE FUTURE MARTIAL ARTS 17800 W BLUEOUND RD STE Q BROOKFIELD WI 53045 832827346 7577 0 SMALL BUSINESS ASSISTANCE GALA BARTENDING SERVICE LLC 3763 S 51ST STREET MILWAUKEE WI 53220 874190615 10000 0 SMALL BUSINESS ASSISTANCE I LOVE TAMALES LLC 238 E POINTVIEW DR RACINE WI 53402 472326493 10000 0 SE GROWTH ACCELERATOR GRANT JATCJ LLC E10350 FOREST RD BARABOO WI 53913 874037040 10000 0 SMALL BUSINESS ASSISTANCE JJS BOUTIQUE & STUDIOS LLC 2718 BATE STREET RACINE WI 53403 862873946 10000 0 SMALL BUSINESS ASSISTANCE KAPITAL ENTERPRSE 506 W COLLEGE AVE APPLETON WI 54911 872993129 10000 0 SMALL BUSINESS ASSISTANCE KEEP CALM TOOL KITS LLC 1736 ROTH ST MADISON WI 53704 874471394 10000 0 SMALL BUSINESS ASSISTANCE LAX FOOD 508 JAY ST LA CROSSE WI 54601 874245022 10000 0 SMALL BUSINESS ASSISTANCE LIL LO TRUCKING LLC 6611 N 80TH STREET MILWAUKEE WI 53223 861523092 12370 0 SMALL BUSINESS ASSISTANCE LUCKESHE HOLDINGS DBA PLANET 5464 N PORT WASHINGTON ROAD MILWAUKEE WI 53217 841857496 10000 0 SMALL BUSINESS ASSISTANCE M&N AUTO REPAIR 2934 W BURNHAM STREET MILWAUKEE WI 53215 873649094 6000 0 SMALL BUSINESS ASSISTANCE MISHQUI PERUVIAN 4604 MONONA DRIVE MADISON WI 53716 842504480 10000 0 SMALL BUSINESS ASSISTANCE MOCHA BEAUTY INC 1802 WINDRUSH DR GRAFTON WI 53024 834179309 10000 0 SMALL BUSINESS ASSISTANCE NOTJOEAVERAGE BKEHUSE 2601 S SUNNYSLOPE RD NEW BERLIN WI 53151 871852970 10000 0 SMALL BUSINESS ASSISTANCE PICTURE ME LLC 546 STATE STREET RACINE WI 53404 874775611 15000 0 SMALL BUSINESS ASSISTANCE PLANTIVORE LLC 1233 E BRADY ST MILWAUKEE WI 53202 832355637 15000 0 SMALL BUSINESS ASSISTANCE POLE CLUB MADISON LLC 2358 EAST SPRINGS DRIVE SUITE 700 MADISON WI 53719 881949058 10000 0 SMALL BUSINESS ASSISTANCE STELLA&ENZO'S 10208 N ASTER LN MEQUON WI 53092 862774878 10000 0 SMALL BUSINESS ASSISTANCE SUSTAIN ABILITY BULK 1905 CENTER AVE SUITE160 JANESVILLE WI 53546 873509262 10000 0 SMALL BUSINESS ASSISTANCE THE CIRCA ROOM 902 WILLIAMSON STREET MADISON WI 53703 833268353 10000 0 SMALL BUSINESS ASSISTANCE UW-MADISON DEPOSIT ACCOUNT 475 N CHARTER ST MADISON WI 53706 52000 0 SMALL BUSINESS ASSISTANCE WILLOW TREE CHIROPRACTIC 6138 MINERAL POINT RD MADISON WI 53705 881407135 10000 0 SMALL BUSINESS ASSISTANCE WINDOW OF OPPORTUNITY ENTERPRI 9490 N MAURA LANE BROWN DEER WI 53223 274113102 10128 0 SMALL BUSINESS ASSISTANCE YEMOJA WELLNESS GROUP LLC 228 E CHATEAU PL WHITEFISH BAY WI 53217 852795769 10000 0 SMALL BUSINESS ASSISTANCE 31 PART I, LINE 2: ALL GRANTS ARE SUBJECT TO AN APPROVAL PROCESS AND ARE REPORTED IN DETAIL TO THE FUNDERS. X X 0 0 0 0 0 0 0 0 0 WENDY K BAUMANN PRESIDENT 189562 0 0 0 0 0 0 0 20223 0 209785 0 0 0 KIMBERLY ZEULI SMALL BUSINESS FINANCE FORWARD PROJE 191360 0 0 0 0 0 0 0 4858 0 196218 0 0 0 JON GAINES VP BUSINESS AND FINANCE 150680 0 0 0 0 0 0 0 28227 0 178907 0 0 0 KAMALJIT JACKSON VP PROGRAMS AND OPERATIONS 139084 0 0 0 0 0 0 0 27110 0 166194 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - PRESIDENT AND THE VICE PRESIDENTS REVIEW THE DRAFT OF FORM 990. IN ADDITION, THE AUDIT & FINANCE COMMITTEE AND THE BOARD OF DIRECTORS REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ANNUAL CONFLICT OF INTEREST FORMS ARE RECEIVED AND REVIEWED BY THE HUMAN RESOURCES AND ADMINISTRATION MANAGER FOR PROPRIETY. ANY QUESTIONS ON FORMS ARE FORWARDED TO PRESIDENT, VP-FINANCE AND VP-STRATEGIC INITIATIVES, AND VP-PROGRAM AND OPERATIONS FOR INVESTIGATION AND RESOLUTION. CONFLICTS, IF ANY, ARE CLEARLY NOTED AND FORWARDED TO THE APPROPRIATE BODY (EXECUTIVE MANAGEMENT OR BOARD OF DIRECTORS) FOR EVENTUAL RESOLUTION IN ACCORDANCE WITH WWBIC'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 SALARY SURVEYS ARE REVIEWED (MRA-THE MANAGEMENT ASSOCIATION, AEG, ETC.) AND OTHER SURVEYS TO DETERMINE SALARY TRENDS FOR THE PRESIDENT AND OTHER KEY POSITIONS OF THE ORGANIZATION. SALARY PAY BANDS HAVE BEEN DETERMINED FOR EACH POSITION AND ARE USED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 6,966. MANAGEMENT AND GENERAL EXPENSES 22,794. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,760. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 569,640. MANAGEMENT AND GENERAL EXPENSES 383,305. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 952,945. TEMPORARY STAFF: PROGRAM SERVICE EXPENSES 4,237. MANAGEMENT AND GENERAL EXPENSES 357. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,594. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.