2024-11-01T14:09:51-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 100 MARITIME DRIVE SUITE 2B MANITOWOC WI 54220 990 2023-01-01 200419691 PROGRESS LAKESHORE INC PROG 9204820540 202 NORTH 8TH STREET STE 101 MANITOWOC WI 54220 ROBERT SEAL PRESIDENT 9204820540 2024-10-17 1 0 LACEY SILBERNAGEL P01245590 9206845500 2024-10-17 2023 2024-10-15 13:58:12Z ROBERT SEAL 202 NORTH 8TH STREET STE 101 MANITOWOC WI 54220 379407 0 1 X PROGRESSLAKESHORE.ORG X 2004 WI TO ASSIST LOCAL BUSINESSES IN THEIR GROWTH IN THE MANITOWOC COUNTY AREA AND TO ATTRACT NEW BUSINESSES TO THE MANITOWOC COUNTY AREA. 16 16 6 35 0 0 244307 335299 9787 13111 1371 9863 -776 -3191 254689 355082 200000 0 0 0 193302 229606 0 0 0 87406 152414 480708 382020 -226019 -26938 381514 347327 69402 62153 312112 285174 X TO ASSIST LOCAL BUSINESSES IN THEIR GROWTH IN THE MANITOWOC COUNTY AREA AND TO ATTRACT NEW BUSINESSES TO THE MANITOWOC COUNTY AREA. 1 0 EXCELLENCE IN ECONOMIC DEVELOPMENT AWARDS BREAKFAST IS A CELEBRATION TO RECOGNIZE BUSINESSES AND INDIVIDUALS WHO CREATE A POSITIVE BUSINESS CLIMATE IN MANITOWOC COUNTY. THERE ARE 5 AWARD CATEGORIES: (1) ENTREPRENEURIAL ACHIEVEMENT AWARD, (2) NEIGHBORHOOD DEVELOPMENT AWARD, (3) CORPORATE INVESTMENT AWARD, (4) ECONOMIC ACCELERATOR OF THE YEAR AWARD, AND (5) COMMUNITY ENHANCEMENT AWARD. THIS EVENT DREW APPROXIMATELY 170 PEOPLE, AND 11 AWARDS WERE GIVEN OUT (EACH CATEGORY HAD A WINNER AND A HONORABLE MENTION). GUEST WHO ATTENDED RECEIVED A PROGRAM BOOKLET SUMMARIZING ALL 30 NOMINEES' STORY. OUR ENTREPRENEUR TRAINING PROGRAM IS AN IMMERSIVE COURSE OFFERED IN CONJUNCTION WITH THE WISCONSIN SMALL BUSINESS DEVELOPMENT CENTER. THE EIGHT-WEEK SESSIONS EQUIP ASPIRING ENTREPRENEURS TO START AND GROW SUCCESSFUL BUSINESSES. PARTICIPANTS ARE PROVIDED WITH INFORMATION, TIPS, EXERCISES, AND TOOLS TO HELP EVALUATE THEIR BUSINESS IDEAS AND DEVELOP THEIR BUSINESS PLANS. THERE WERE 9 BUSINESSES WHO PARTICIPANTS FOR THIS PROGRAM WITH ONE OF THEM GOING ON TO PARTICIPATE IN OUR LOCAL PITCH CONTEST. PERFECT YOUR PITCH IS A SERIES OF VIDEOS DESIGNED TO HELP BUDDING ENTREPRENEURS NAIL DOWN THEIR ELEVATOR PITCH, PERFECT SPEAKING IN PUBLIC, AND LEARN THE BASICS OF PITCHING A BUSINESS IDEA, IN PREPARATION FOR PARTICIPATING IN OUR ANNUAL LEVEL UP PITCH CONTEST. THE LEVEL UP PITCH CONTEST IS PRESENTED BY PROGRESS LAKESHORE AND REGIONAL PARTNERS. THE EVENT INCLUDES A PITCH BY EACH ENTREPRENEUR AND A QUESTION-AND-ANSWER PERIOD WITH LOCAL JUDGES. WINNER(S) RECEIVE PRIZE MONEY AND SERVICES. THIS EVENT OFFERS IN PERSON AND LIVE-STREAM VIEWING OPTIONS.THE LEVEL UP PITCH CONTEST HAD 6 REGISTRANTS AND 3 PARTICIPANTS. WINNERS (FIRST AND SECOND) WENT ON TO COMPETE AT THE REGIONAL PITCH EVENT. SHORTER THAN OUR ETP COURSE, OUR ENTREPRENEURIAL BOOT CAMPS ARE DESIGNED TO BE A STARTING POINT FOR EXPLORING THE MINDSET, RESOURCES AND REGULATORY ENVIRONMENT ENTREPRENEURS NEED TO CONSIDER WHEN STARTING A BUSINESS. IN 2023 WE HELD ONE "SO YOU WANT TO BE AN ENTREPRENEUR" BOOT CAMP WITH 8 PARTICIPANTS. STRIVING TO SUPPORT THE SUCCESS OF OUR EARLY-STAGE BUSINESSES, PROGRESS LAKESHORE OFFERS A BUSINESS MENTORING PROGRAM CALLED CIRCLES OF 7, OR C7. BASED ON THE IDEA THAT BUSINESSES LEARN BEST FROM EACH OTHER, A SEASONED LOCAL BUSINESS OWNER IS ASSIGNED TO A GROUP OF SIX EARLY-STAGE BUSINESSES TO FORM A MENTOR-PROTEGE SUPPORT CIRCLE. EACH CIRCLE MEETS MONTHLY FOR NINE MONTHS TO COVER A SPECIFIC CURRICULUM AND OTHER TOPICS BASED ON PARTICIPANTS' NEEDS. THIS PROGRAM RAN FROM SEPTEMBER 2023 - MAY 2024. WE HAD TWO CIRCLES, EQUALING 12 PROTEGES AND 10 COMPLETED THE WHOLE PROGRAM. IN ADDITION, ONE CIRCLE HAS AGREED TO CONTINUE TO MEET ON A MONTHLY BASIS. FOUNDERS CONNECTION BRINGS TOGETHER SMALL BUSINESS OWNERS TO CONNECT, EXPAND NETWORKS AND GAIN VALUABLE INSIGHTS THAT CAN PROPEL BUSINESSES FORWARD. THE EVENING HIGHLIGHTS LESSONS LEARNED FROM A LOCAL ENTREPRENEUR'S JOURNEY OR A RESOURCE FOR ADDRESSING THE CHALLENGES SMALL BUSINESSES MAY FACE. CONVERSATIONS TAKE PLACE OVER COFFEE, AND THE EVENT CREATES OPPORTUNITY FOR NETWORKING WITH A PURPOSE. NETWORKING EVENTS ARE HELD QUARTERLY, WITH ONLY MEETING TWICE IN 2023. THERE WERE 8 AND 11 ATTENDEES. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 12 0 6 1 0 0 0 0 1 1 0 0 0 X 16 16 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X JAMIE ZASTROW 9204820540 202 NORTH 8TH STREET SUITE 101 MANITOWOC WI 54220 ROBERT SEAL BOARD MEMBER - VICE PRESIDENT 1.00 X X 0 0 0 GREG JAGEMANN PAST PRESIDENT 1.00 X 0 0 0 CASEY WITTERHOLT EX OFFICIO 0.25 X 0 0 0 JUDY FERRY EX OFFICIO 0.25 X 0 0 0 JUSTIN NICKELS EX OFFICIO 0.25 X 0 0 0 KAITLIN BRICE BOARD MEMBER 0.50 X 0 0 0 ABBEY QUISTORF EX OFFICIO 0.25 X 0 0 0 MICHAEL YEH BOARD MEMBER 0.50 X 0 0 0 MICHELLE FROEHLKE BOARD MEMBER 0.50 X 0 0 0 PATTY LEHN BOARD MEMBER - SECRETARY 1.00 X X 0 0 0 POLLY ABTS BOARD MEMBER 0.50 X 0 0 0 SETH ZIPPERER BOARD MEMBER - TREASURER 1.00 X X 0 0 0 SCOTT FERGUSON BOARD MEMBER 0.50 X 0 0 0 TODD GLOVER BOARD MEMBER 0.50 X 0 0 0 DOUG SCHWALBE BOARD MEMBER 0.50 X 0 0 0 BILL SCHLEI BOARD MEMBER 0.50 X 0 0 0 TROY ADAMS BOARD MEMBER 1.00 X X 0 0 0 MICHELLE SZYMIK BOARD MEMBER 0.50 X 0 0 0 MYLEA JUIDICI BOARD MEMBER 0.50 X 0 0 0 ERIC SITKIEWITZ BOARD MEMBER - PRESIDENT 1.00 X X 0 0 0 JAMIE ZASTROW EXECUTIVE DIRECTOR 40.00 X 77818 0 0 77818 0 0 0 0 0 0 0 28750 156609 149940 9090 335299 ENTREPRENEURIAL 900099 5375 5375 JOB FAIR 900099 3096 3096 ACCELERATION BREAKFAST 900099 2250 2250 CIRCLE OF SEVEN 900099 1140 1140 WORKFORCE 900099 750 750 500 500 13111 9863 9863 3300 0 3300 3300 3300 16783 28750 24325 -7542 -7542 1051 0 1051 1051 355082 14162 0 5621 77818 134200 1408 16180 174 9200 1600 9662 2654 21472 4368 156 2316 3795 PROGRAM EXPENSE 83211 DUES AND SUBSCRIPTIONS 7563 TRAINING AND DEVELOPMEN 2834 MEALS 1347 2062 382020 X 135134 9481 163942 278148 8140 2846 2899 4981 48239 37244 13311 10995 58088 40876 381514 347327 10937 14609 1000 7000 57465 40544 69402 62153 X 312112 272174 13000 312112 285174 381514 347327 -26938 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13783 6572 7211 34456 30672 3784 10995 SECURITY DEPOSIT 1341 RIGHT OF USE ASSET 39535 40876 OPERATING LEASE LIABILITY 40544 40544 X PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND AFFILIATE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION AND AFFILIATE HAVE TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND AFFILIATE AND HAVE CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION AND AFFILIATE ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIOD. THE ORGANIZATION AND AFFILIATE WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. ANNUAL AWARDS BREAKFAST 27180 23000 4180 1250 4000 3359 LOCAL BOX MANITOWOC 18353 5750 12603 1808 13908 45533 28750 16783 1250 5808 17267 24325 -7542 FORM 990, PART III, LINE 2 TWO NEW PROGRAMS WERE ADDED IN 2023, FOCUSING ON THE ENTREPRENEURIAL ECO-SYSTEM. FOUNDERS CONNECTION BRINGS TOGETHER SMALL BUSINESS OWNERS TO CONNECT, EXPAND NETWORKS AND GAIN VALUABLE INSIGHTS THAT CAN PROPEL BUSINESSES FORWARD. THE EVENING HIGHLIGHTS LESSONS LEARNED FROM A LOCAL ENTREPRENEUR'S JOURNEY OR A RESOURCE FOR ADDRESSING THE CHALLENGES SMALL BUSINESSES MAY FACE. CONVERSATIONS TAKE PLACE OVER COFFEE, AND THE EVENT CREATES OPPORTUNITY FOR NETWORKING WITH A PURPOSE. STRIVING TO SUPPORT THE SUCCESS OF OUR EARLY-STAGE BUSINESSES, PROGRESS LAKESHORE OFFERS A BUSINESS MENTORING PROGRAM CALLED CIRCLES OF 7, OR C7. BASED ON THE IDEA THAT BUSINESSES LEARN BEST FROM EACH OTHER, A SEASONED LOCAL BUSINESS OWNER IS ASSIGNED TO A GROUP OF SIX EARLY-STAGE BUSINESSES TO FORM A MENTOR-PROTEGE SUPPORT CIRCLE. EACH CIRCLE MEETS MONTHLY FOR NINE MONTHS TO COVER A SPECIFIC CURRICULUM AND OTHER. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, IF NEEDED CAN PERFORM AN ACT OF AUTHORITY ON BEHALF OF THE GOVERNING BODY. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE ON THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ALL NEW BOARD MEMBERS ARE FIRST APPROVED BY THE GOVERNANCE COMMITTEE PRIOR TO THEM GETTING FINAL APPROVAL BY THE BOARD OF DIRECTORS. THIS IS THE SAME WITH BOARD OFFICER ELECTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS THE AUDIT COMMITTEE REVIEW AND APPROVE THE 990. ONCE THE 990 IS APPROVED BY THE AUDIT COMMITTEE, THE 990 IS PRESENTED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, COMMITTEE MEMBERS AND EMPLOYEES MUST SUBMIT A SIGNED CONFLICT OF INTEREST STATEMENT. THESE STATEMENTS ARE LOCATED AT THE ORGANIZATION'S LOCATION, AND ARE AVAILABLE UPON REQUEST TO ANY BOARD OR COMMITTEE MEMBER, IN ADDITION THEY ARE ALL PROVIDED TO THE EXECUTIVE DIRECTOR, PRESIDENT AND VICE PRESIDENT. THE CONFLICT OF INTEREST STATEMENTS ARE REVISITED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 A PERFORMANCE REVIEW IS COMPLETED (BY EXEC TEAM FOR EXECUTIVE DIRECTOR AND BY EXEC DIRECTOR FOR EMPLOYEES). IN ADDITION, RESEARCH IS DONE TO FIND COMPARABLE SALARY'S FOR THEIR POSITIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C THERE WERE NO CHANGES TO THE AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE CURRENT YEAR. PROGRESS LAKESHORE FOUNDATION INC 202 NORTH 8TH STREET STE 101 MANITOWOC WI 54220 203512573 TO SUPPORT PROGRESS LAKESHORE, INC. WI 501(C)(3) LINE 12B, II PROGRESS LAKESHORE INC 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PROGRESS LAKESHORE FOUNDATION C 9500 CASH VALUE