2025-10-29T17:05:30-05:00 2025-02-28 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2024-03-01 391403335 RACINE AREA MANUFACTURERS AND COMMERCE INC RACI 2626341931 300 FIFTH STREET RACINE WI 53403 MARK LEWIS PRESIDENT/CEO 2626341931 2025-10-27 1 1 LAURA SCHWEITZER CPA P01760010 6086628600 2025-10-22 2024 2025-03-06 01:10:19Z MARK LEWIS 300 FIFTH STREET RACINE WI 53403 2590988 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. 19 19 43 48 26488 0 2057389 331652 540982 2143304 20159 20039 38980 46424 2657510 2541419 0 0 0 0 2085333 2006599 0 0 0 483479 520603 2568812 2527202 88698 14217 1183140 1229161 319750 351554 863390 877607 X RACINE AREA MANUFACTURERS AND COMMERCE (RAMAC) IS RACINE'S BUSINESS CHAMPION SERVING AS A VOICE REPRESENTING THE COMMON INTERESTS OF EVERY ORGANIZATION IN RACINE - SMALL AND LARGE, INDUSTRIAL AND RETAIL, FOR PROFIT AND NONPROFIT. IN SUPPORT OF ITS BROAD AND DIVERSE MEMBERSHIP BASE, RAMAC OFFERS A VARIETY OF PRO-BUSINESS AND PRO-COMMUNITY PROGRAMS AND INITIATIVES. THESE PROGRAMS AIM TO IMPROVE THE BUSINESS CLIMATE AND VITALITY OF THE GREATER RACINE AREA. 1 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. HR SERVICES - TO SUPPORT AND PROVIDE MEMBER SERVICES RELATED TO PAYROLL AND HUMAN RESOURCE NEEDS THAT PROMOTE OUR CORE PROGRAMS SUCH AS WORKFORCE DEVELOPMENT AND EDUCATION. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 15 0 1 43 1 1 1 0 0 0 1 1 0 0 0 X 19 19 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 X RACINE AREA MANUFACTURERS AND COMMERCE INC 2626341931 300 FIFTH STREET RACINE WI 53403 SCOTT HESS CHAIR 1.00 X X 0 0 0 BRIAN WEAVER VICE CHAIR 1.00 X X 0 0 0 ANDREW DODGE FINANCE CHAIR 1.00 X X 0 0 0 RYAN BRATH MAR CHAIR 1.00 X X 0 0 0 JOHN WARREN PUBLIC POLICY CHAIR 1.00 X 0 0 0 DANA CHRISTENSEN MEMBERSHIP CHAIR 1.00 X 0 0 0 LORETTA OLSON ACTIVITIES CHAIR 1.00 X 0 0 0 AARON SPITZNER DIRECTOR 1.00 X 0 0 0 ADAM PONTIOUS DIRECTOR 1.00 X 0 0 0 ALI HAIGH DIRECTOR 1.00 X 0 0 0 BRETT EKES DIRECTOR 1.00 X 0 0 0 CRISTA KRUSE DIRECTOR 1.00 X 0 0 0 DAVE BROWN DIRECTOR 1.00 X 0 0 0 DONNA OWENS DIRECTOR 1.00 X 0 0 0 FRANK STERBIN JR DIRECTOR 1.00 X 0 0 0 HELEN T MAY DIRECTOR 1.00 X 0 0 0 HOPE OTTO DIRECTOR 1.00 X 0 0 0 KRISTEN BEGLINGER DIRECTOR 1.00 X 0 0 0 TOM SCHAEFER DIRECTOR 1.00 X 0 0 0 MATT MONTEMURRO PRESIDENT/CEO 40.00 X 141526 0 14115 MARK LEWIS PRESIDENT/CEO JANUARY 2025 40.00 X 0 0 0 141526 0 14115 1 0 1 0 0 55675 233697 42280 331652 HR SERVICES 561000 1649013 1649013 MEMBERSHIP DUES AND AS 900099 423089 423089 MEMBER SERVICES - TRAI 900099 68962 68962 OTHER PROGRAM REVENUE 900099 2240 2240 2143304 20039 20039 63425 55675 48609 14816 14816 3530 960 2570 2570 ADVERTISING INCOME 900099 26488 26488 ANNUAL REPORT INCOME 900099 2000 2000 MISCELLANEOUS REVENUE 900099 550 550 29038 2541419 2145854 26488 37425 173800 1499577 50950 149189 133083 847 88246 172324 13714 32996 23869 43629 9046 1914 18066 6289 TRAINING AND EDUCATION 48781 BUSINESS QUARTERLY PUBL 18780 OTHER PROGRAM EXPENSES 12462 DUES AND SUBSCRIPTIONSS 10999 18641 2527202 142163 121124 640751 683173 145155 178104 106217 101997 2489 2750 24612 38868 650695 567972 98422 82723 23331 20422 1183140 1229161 125487 123775 185524 220862 8739 6917 319750 351554 X 846512 874732 16878 2875 863390 877607 1183140 1229161 14217 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 27000 27000 532827 491597 41230 90868 76375 14493 82723 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AS SET FORTH IN A DETERMINATION LETTER DATED SEPTEMBER 23, 1982, FROM THE INTERNAL REVENUE SERVICE (IRS). IN ADDITION, HAVING QUALIFIED FOR EXEMPTION UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE, THE ORGANIZATION IS ALSO EXEMPT FROM WISCONSIN INCOME TAXES AS PROVIDED IN SECTION 71.01(3)(A) OF THE WISCONSIN STATUTES. 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, 2025, MANAGEMENT BELIEVES ALL TAX-RELATED EXPENSES AND BENEFITS HAVE BEEN RECOGNIZED. AS OF FEBRUARY 28, 2025, 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 2024, 2023, OR 2022 ARE CURRENTLY UNDER EXAMINATION. GOLF OUTING 49365 21570 27795 19071 1667 4807 ANNUAL DINNER 43950 15450 28500 10670 182 49 985 1 25785 18655 7130 9656 147 1375 119100 55675 63425 39397 1996 49 7167 48609 14816 X 0 0 0 MATT MONTEMURRO PRESIDENT/CEO 124526 0 17000 0 0 0 5708 0 8407 0 155641 0 0 0 FORM 990, PART III, LINE 2 HR SERVICES - TO SUPPORT AND PROVIDE MEMBER SERVICES RELATED TO PAYROLL AND HUMAN RESOURCE NEEDS THAT PROMOTE OUR CORE PROGRAMS SUCH AS WORKFORCE DEVELOPMENT AND EDUCATION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF SEVEN BOARD MEMBERS AND TWO RAMAC EMPLOYEES. THE EXECUTIVE COMMITTEE MAY ACT ONLY IN THE ABSENCE OF THE FULL RAMAC BOARD, AND ANY ACTION THEREOF MUST BE CONFIRMED BY THE RAMAC BOARD TO BECOME EFFECTIVE ACTION OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS MADE UP OF ANY PERSON, CORPORATION, PARTNERSHIP, LLC, TRUST OR ASSOCIATION DOING BUSINESS IN RACINE AREA MANUFACTURERS AND COMMERCE SERVICE AREA WHO HAS SUBMITTED AN APPLICATION AND PAID THE ANNUAL MEMBERSHIP DUES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE ALLOWED TO VOTE AT THE ANNUAL MEETING TO ELECT BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE WILL REVIEW THE FORM 990 AT A REGULAR MEETING PRIOR TO SUBMISSION TO THE 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 PERSON WILL LEAVE THE MEETING AND THE REST OF THE BOARD WILL DISUCSS AND VOTE ON HOW TO HANDLE THE CONFLICT. THE PERSON WHO HAS THE POTENTIAL CONFLICT IS NOT ALLOWED TO PARTICPATE IN THE DELIBERATION. ALL DELIBERATION IS RECORDED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 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) LINE 7 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0