2024-11-14T14:40:43-06:00 2023-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2023-01-01 391597954 WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION WISC 4142635450 1533 N RIVERCENTER DRIVE MILWAUKEE WI 53212 WENDY K BAUMANN PRESIDENT 4142635450 2024-11-14 1 0 RENEE MESSING P01872384 4142711451 2024-11-12 2023 2024-10-15 13:58:12Z WENDY K BAUMANN 1533 N RIVERCENTER DRIVE MILWAUKEE WI 53212 15672927 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 77 372 0 0 5632560 10268314 2129357 2946751 1539570 2160106 305419 213754 9606906 15588925 795654 3644721 0 0 5083764 4863676 0 0 233172 3504764 4912681 9384182 13421078 222724 2167847 45566731 45798214 34876708 33166225 10690023 12631989 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 4285107 400725 3601132 IN FY 2023, WWBIC CLOSED ON 118 LOANS TOTALING $ 9,912,695 DOLLARS IN SMALL BUSINESS AND MICROLOAN PRODUCTS. 1903115 243996 689025 IN FY 2023, WWBIC PROVIDED 26,524 COUNSELING AND TRAINING HOURS TO 5,735 ENTREPRENEURS AND POTENTIAL ENTREPRENEURS. THE VETERANS BUSINES OUTREACH CENTER PROGRAM TRAINED 913 VETERANS AND MILITARY-CONNECTED FAMILY MEMBERS. WWBIC'S MAKE YOUR MONEY TALK FINANCIAL CAPABILITY TRAINING GRADUATED 274 INDIVIDUALS AND OPENED 115 MATCHED SAVINGS ACCOUNTS. 3112263 3000000 DURING FY2023, WWBIC ADMINISTERED A DIVERSE BUSINESS INVESTMENT GRANT. 568020 510350 DURING FY2023, 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. 568020 510350 9868505 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 1 569 0 1 77 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 PAST CHAIRPERSON 1.00 X X 0 0 0 JOHNNY L MOUTRY JR CHAIRPERSON 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 VICE CHAIRPERSON 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 SECRETARY 1.00 X 0 0 0 WENDY K BAUMANN PRESIDENT 40.00 X X 183280 0 20477 KARIN GALE DIRECTOR 1.00 X 0 0 0 JON GAINES VP BUSINESS AND FINANCE 40.00 X 157262 0 17520 KAMALJIT JACKSON VP PROGRAMS AND OPERATIONS 40.00 X 153429 0 0 CHRISTINA KNUDSEN VP DEVELOPMENT AND COMMUNI 40.00 X 128422 0 0 HEATHER LUX REGIONAL DIRECTOR - SE 40.00 X 110050 0 0 KIMBERLY ZEULI SMALL BUSINESS FINANCE FOR 40.00 X 214091 0 6423 946534 0 44420 6 0 1 0 CONNECT SEARCH LLC 311 S WACKER SUITE 1000 CHICAGO IL 60606 ACCOUNTING/LOAN OPS/DATA VENTURES SOFTWA 182463 AF TECHNICAL RESOURCES 735 N WATER ST STE 1225 MILWAUKEE WI 53202 IT SERVICES 171365 2 9648640 619674 10268314 CONSULTING FEES 541900 2627634 2627634 LOAN FEES 522291 310067 310067 TRAINING FEES 611600 9050 9050 2946751 2160106 1815461 344645 259461 84002 175459 175459 IDA FEES 900099 120000 120000 COLLECTION ON BAD DEBT 900099 30995 30995 MISCELLANEOUS 900099 -112700 -112700 38295 15588925 4800507 0 520104 3644721 3644721 378540 233890 127364 17286 3522067 2162197 1220053 139817 166764 106958 43274 16532 487256 320168 118780 48308 309049 191318 106502 11229 47288 23485 23803 39996 39996 1176111 707514 468597 55300 15252 40048 261764 58088 203676 414307 52722 361585 151083 54272 96811 145514 68476 77038 557015 557015 10693 10693 102545 80 102465 BAD DEBT EXPENSE 1570995 1570995 GRANTS EXPENSE 76234 76234 NON-CAPITAL FA PURCHASE 72429 48975 23454 OTHER EXPENSE 70807 4600 66207 160600 47779 112821 13421078 9868505 3319401 233172 17144939 14007396 200164 39501 2237075 2490740 1709930 734459 19408882 22008683 109316 114577 828006 436031 0 391975 3755679 3886354 1000746 2124529 45566731 45798214 2146838 2535222 6383491 2871521 1429711 1268455 23899743 24139714 1016925 2351313 34876708 33166225 X 10355875 12297841 334148 334148 10690023 12631989 45566731 45798214 2167847 -225881 0 X X 0 1 X 1 1 1 X 6365229 8626490 7093238 5632560 10268314 37985831 6365229 8626490 7093238 5632560 10268314 37985831 37985831 7607 4102 6975 39381 344645 402710 407858 365498 266695 305419 38296 1383766 39772307 11446320 0.95510 0.95060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 295,062. 2020 AMOUNT: $ 295,352. 2021 AMOUNT: $ 181,365. 2022 AMOUNT: $ 198,522. 2023 AMOUNT: $ 38,296. LUNCHEON - 2019 AMOUNT: $ 112,796. 2020 AMOUNT: $ 70,146. 2021 AMOUNT: $ 85,330. 2022 AMOUNT: $ 106,897. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 392853 27228 365625 435153 408803 26350 391975 IDA RESERVE FUND -35292 OPERATING LEASE 2386605 2351313 X 15809701 220776 220776 15588925 0 15588925 13641854 220776 220776 13421078 0 13421078 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, 2023, 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 259461 259461 15600 37202 31200 259461 259461 15600 37202 31200 84002 175459 1 CASIQUE HOPPLE LLC 1300 STRONG AVE BELOIT WI 53511 844767560 8500 0 SMALL BUSINESS ASSISTANCE DREAM NOCION LLC 1918 PRAIRIE AVE BELOIT WI 53511 863209518 8500 0 SMALL BUSINESS ASSISTANCE EYE OF OVERVIEW LLC 2213 PRAIRIE AVE BELOIT WI 53511 863802246 8500 0 SMALL BUSINESS ASSISTANCE EVENDTOR LLC 635 3RD ST BELOIT WI 53511 842370144 8500 0 SMALL BUSINESS ASSISTANCE DREAM NAILS 2910 S BARTELLS DR BELOIT WI 53511 851557705 8500 0 SMALL BUSINESS ASSISTANCE YOUNG HEARTS CHILDCARE 1362 GARFIELD AVE BELOIT WI 53511 460887672 8500 0 SMALL BUSINESS ASSISTANCE CRS ENTERPRISES INC 6643 WEST MILL RD MILWAUKEE WI 53218 871912380 9985 0 SMALL BUSINESS ASSISTANCE FAVORYT BRAND LLC 241 MAIN ST SEYMOUR WI 54165 872282682 10000 0 SMALL BUSINESS ASSISTANCE LITTLE ACHIEVERS FAMILY 2201 W SILVER SPRING DR MILWAUKEE WI 53209 821198950 10000 0 SMALL BUSINESS ASSISTANCE CHICAGO'S HOUSE OF HOAGIES 1089 RACINE ROAD MENASHA WI 54952 472261374 10000 0 SMALL BUSINESS ASSISTANCE GREATER MILWAUKEE COMMITTEE 247 W FRESHWATER WAY SUITE 400 MILWAUKEE WI 53204 390749512 9500 0 SMALL BUSINESS ASSISTANCE BLACK LAVISH APPAREL LLC 301 CLYDE GALLAGHER AVE STE 7 MADISON WI 53714 884048017 10000 0 SMALL BUSINESS ASSISTANCE RIDGE TOP GATHERING PLACE LLC 27828 NEPTUNE RD CASHTON WI 54619 473852246 10000 0 SMALL BUSINESS ASSISTANCE BLACK HUSKY BREWING LLC 909 E LOCUST ST MILWAUKEE WI 53212 270429194 10000 0 SMALL BUSINESS ASSISTANCE OLANO'S EMPANADAS 8604 17TH AVE KENOSHA WI 53143 471944797 10000 0 SMALL BUSINESS ASSISTANCE RENEW SPORTING GOODS LLC 1704 S 108TH ST WEST ALLIS WI 53214 852374769 10000 0 SMALL BUSINESS ASSISTANCE THE FIBER ATTIC LLC N1274 STATE ROAD 73 THORP WI 54771 861296450 7500 0 SMALL BUSINESS ASSISTANCE 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 KIMBERLY ZEULI SMALL BUSINESS FINANCE FOR 214091 0 0 0 0 0 0 0 6423 0 220514 0 0 0 WENDY K BAUMANN PRESIDENT 183280 0 0 0 0 0 0 0 20477 0 203757 0 0 0 JON GAINES VP BUSINESS AND FINANCE 157262 0 0 0 0 0 0 0 17520 0 174782 0 0 0 KAMALJIT JACKSON VP PROGRAMS AND OPERATIONS 153429 0 0 0 0 0 0 0 0 0 153429 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 XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.