2025-11-17T15:00:08-06:00 2024-12-31 393647910 WIPFLI ADVISORY LLC 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2024-01-01 391597954 WISCONSIN WOMEN'S BUSINESS INITIATIVE CORPORATION WISC 4142635450 1533 N RIVERCENTER DRIVE MILWAUKEE WI 53212 KATHRYN DUNN PRESIDENT 4142635450 2025-11-16 1 1 SOLOMON MARDAKHAEV P01806552 6105653930 2025-11-16 2024 2025-03-06 01:10:19Z KATHRYN DUNN 1533 N RIVERCENTER DRIVE MILWAUKEE WI 53212 8991820 0 X WWW.WWBIC.COM X 1987 WI WWBIC OPENS THE DOORS OF OPPORTUNITY BY PROVIDING ANY INDIVIDUALS WHO ARE INTERESTED IN STARTING, STRENGTHENING, OR EXPANDING BUSINESSES WITH ACCESS TO RESOURCES SUCH AS FINANCIAL PRODUCTS AND QUALITY BUSINESS AND PERSONAL FINANCIAL TRAINING. 12 11 79 280 0 0 10268314 4390865 2946751 2214445 2160106 2007519 213754 293819 15588925 8906648 3644721 269497 0 0 4863676 4906909 0 0 70431 4912681 8808339 13421078 13984745 2167847 -5078097 45798214 40524297 33166225 32044345 12631989 8479952 WWBIC OPENS THE DOORS OF OPPORTUNITY BY PROVIDING ANY INDIVIDUALS WHO ARE INTERESTED IN STARTING, STRENGTHENING, OR EXPANDING BUSINESSES WITH ACCESS TO RESOURCES SUCH AS FINANCIAL PRODUCTS AND QUALITY BUSINESS AND PERSONAL FINANCIAL TRAINING. 0 0 7887428 0 2075497 IN FY 2024, WWBIC CLOSED ON 64 LOANS TOTALING $ 7,051,978 DOLLARS IN SMALL BUSINESS AND MICROLOAN PRODUCTS. 1801938 0 1963207 IN FY 2024, WWBIC PROVIDED 29,636 COUNSELING AND TRAINING HOURS TO 4,599 ENTREPRENEURS AND POTENTIAL ENTREPRENEURS. THE VETERANS BUSINESS OUTREACH CENTER PROGRAM TRAINED 383 VETERANS AND MILITARYCONNECTED FAMILY MEMBERS. WWBIC'S MAKE YOUR MONEY TALK FINANCIAL CAPABILITY TRAINING GRADUATED 264 INDIVIDUALS AND OPENED 108 MATCHED SAVINGS ACCOUNTS. 352690 269497 0 DURING FY 2024, WWBIC ADMINISTERED A DIVERSE BUSINESS INVESTMENT GRANT.WWBIC ALSO 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. 10042056 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 1 583 0 79 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 11 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 WENDY K BAUMANN PRESIDENT 40.00 X X 188770 0 22784 STEVE SALOUTOS PAST CHAIRPERSON 1.00 X X 0 0 0 JOHNY L MOUTRY JR CHAIRPERSON 1.00 X X 0 0 0 KATE HILL VICE CHAIRPERSON 1.00 X X 0 0 0 KATHRYN ANDREA TREASURER 1.00 X X 0 0 0 JOHN M STEWART SECRETARY 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 KARIN GALE 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 JON GAINES VP BUSINESS AND FINANCE 40.00 X 163740 0 18539 MICHAEL HETZEL DIRECTOR OF LENDING 40.00 X 109516 0 38325 CHRISTINA KNUDSEN VP DEVELOPMENT AND COMMUNITY 40.00 X 137662 0 13958 HEATHER LUX REGIONAL DIRECTOR- SE 40.00 X 112714 0 19118 KIMBERLY ZEULI SMALL BUS. FINANCE FWRD PROJ. 40.00 X 250115 0 8314 962517 0 121038 6 0 1 0 CONNECT SEARCH LLC 311 S WACKER SUITE 1000 CHICAGO IL 60606 ACCOUNTING/LOAN OPS/DATA VENTURES SOFTWA 291146 AF TECHNICAL RESOURCES 735 N WATER ST SUITE 1225 MILWAUKEE WI 53202 IT SERVICES 187361 VENTURES LENDING TECHNOLOGIES 5050 RITTER RD STE A MECHANICSBURG PA 17055 LENDING TECHNOLOGY SERVICES 106014 3 140493 3219185 1031187 4390865 CONSULTING FEES 541900 1981366 1981366 LOAN FEES 522291 225794 225794 TRAINING FEES 611600 7285 7285 2214445 2007519 1530440 477079 85172 140493 85172 0 IDA FEES 900099 121125 121125 COLLECTION OF BAD DEBT 900099 86846 86846 85848 85848 293819 8906648 4038704 0 477079 269497 269497 393833 215042 172945 5846 3539524 1986098 1501271 52155 130596 70134 60462 582898 218549 351919 12430 260058 147244 112814 39934 39934 56996 56996 10862 10862 787781 467635 320146 29020 9836 19184 114210 61661 52549 565346 202171 363175 482503 4006 478497 124771 87765 37006 148591 54275 94316 588346 568610 19736 3953 3953 56852 56852 BAD DEBT EXPENSE 5530932 5530932 MEMBERSHIP DUES 98900 35535 63365 EQUIPMENT RENTAL & MAIN 52289 1286 51003 CREDIT ANALYSIS AND FIL 16357 11084 5273 100696 100696 13984745 10042056 3872258 70431 14007396 1799319 39501 14273253 2490740 3415173 734459 356880 22008683 18071840 114577 94148 453006 430609 391975 22397 3886354 0 2124529 2491287 45798214 40524297 2535222 1626207 2871521 1011363 1268455 19156535 24139714 7850000 2351313 2400240 33166225 32044345 X 12297841 3032336 334148 5447616 12631989 8479952 45798214 40524297 -5078097 926060 0 X 0 1 X 1 1 1 X 8630632 7093238 5632560 10268314 4390865 36015609 8630632 7093238 5632560 10268314 4390865 36015609 36015609 4102 6975 39381 344645 477079 872182 70146 85330 106897 175459 0 437832 295352 181365 198522 38295 713534 38039157 18247877 0.94680 0.95510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 453006 430609 22397 22397 RIGHT OF USE OPERATING LEASE ASSETS 2194040 ACCRUED INTEREST ON LOANS RECEIVABLE 294496 IDA RESERVE FUND 2751 2491287 ACCRUED INTEREST PAYABLE 52509 RIGHT OF USE OPERATING LEASE LIABILITY 2347731 2400240 X 9098634 202848 202848 8895786 10862 10862 8906648 14176731 202848 202848 13973883 10862 10862 13984745 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 AS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2024, 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. ANNUAL LUNCHEON 225665 140493 85172 15264 24393 45515 225665 140493 85172 15264 24393 45515 85172 0 1 K&K BARISTA LLC 1417 SOUTH 70TH STREET WEST ALLIS WI 53214 923457776 N/A 18000 0 SMALL BUSINESS ASSISTANCE CULTURALLY DIVERSE COUNSELING CENTER LLC 2323 SOUTH 109TH STREET SUITE 120A 250B WEST ALLIS WI 53227 851119095 N/A 10000 0 SMALL BUSINESS ASSISTANCE KENNEDY'S CIRCLE OF WELLNESS 3614 WEST NORTH AVENUE MILWAUKEE WI 53208 824506277 N/A 10000 0 SMALL BUSINESS ASSISTANCE GREAT IMPRESSIONS LLC 5330 WEST BURLEIGH STREET MILWAUKEE WI 53210 432029358 N/A 9000 0 SMALL BUSINESS ASSISTANCE RESPIRATORY URGENT LLC 6944 NORTH PORT WASHINGTON ROAD GLENDALE WI 53217 934764344 N/A 9000 0 SMALL BUSINESS ASSISTANCE TROPIC LLC 518 NORTH WATER STREET MILWAUKEE WI 53202 871931093 N/A 9000 0 SMALL BUSINESS ASSISTANCE 5 STAR BUSINESS CENTER 2336 WEST WALNUT STREET MILWAUKEE WI 53205 932268693 N/A 8500 0 SMALL BUSINESS ASSISTANCE 0 7 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 BUS. FINANCE FWRD PROJ. 250115 0 0 0 0 0 7234 0 1080 0 258429 0 0 0 WENDY K BAUMANN PRESIDENT 188770 0 0 0 0 0 5888 0 16896 0 211554 0 0 0 JON GAINES VP BUSINESS AND FINANCE 163740 0 0 0 0 0 4907 0 13632 0 182279 0 0 0 CHRISTINA KNUDSEN VP DEVELOPMENT AND COMMUNITY 137662 0 0 0 0 0 2870 0 11088 0 151620 0 0 0 PART I, LINE 3 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 B, LINE 11B THE 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 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 THE FORMS ARE FORWARDED TO THE PRESIDENT, VP OF FINANCE AND VP OF 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.