Nonprofit · EIN 39-1597954
WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION
Tax-exempt · MILWAUKEE, WI 53212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,906,648 | $13,984,745 | -$5,078,097 | $40,524,297 | $32,044,345 | $8,479,952 |
| December 31, 2023 | 990 | $15,588,925 | $13,421,078 | $2,167,847 | $45,798,214 | $33,166,225 | $12,631,989 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,390,865
- of which government grants
- $3,219,185
- Program service revenue
- $2,214,445
- Investment income
- $2,007,519
- Other revenue
- $293,819
Expenses
- Grants and similar amounts paid
- $269,497
- Compensation of officers, directors and key employees
- $393,833
- Other salaries and wages
- $3,539,524
- Salaries, compensation and benefits (total)
- $4,906,909
- Professional fundraising fees
- $0
- Legal fees
- $39,934
- Accounting fees
- $56,996
- Occupancy
- $482,503
- Travel
- $124,771
- Depreciation
- $3,953
- Program services (functional)
- $10,042,056
- Management and general (functional)
- $3,872,258
- Fundraising (functional)
- $70,431
Balance sheet and other
- Total assets, start of year
- $45,798,214
- Total assets, end of year
- $40,524,297
- Total liabilities, end of year
- $32,044,345
- Net assets, end of year
- $8,479,952
- Land, buildings and equipment
- $22,397
- Net assets without donor restrictions
- $3,032,336
- Net assets with donor restrictions
- $5,447,616
- Gross receipts
- $8,991,820
- Employees
- 79
- Volunteers
- 280
- Year formed
- 1987
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMBERLY ZEULI | SMALL BUS. FINANCE FWRD PROJ. Highest-paid employee | 40 | $250,115 | $8,314 |
| WENDY K BAUMANN | PRESIDENT Trustee or director, Officer | 40 | $188,770 | $22,784 |
| JON GAINES | VP BUSINESS AND FINANCE Officer | 40 | $163,740 | $18,539 |
| CHRISTINA KNUDSEN | VP DEVELOPMENT AND COMMUNITY Highest-paid employee | 40 | $137,662 | $13,958 |
| MICHAEL HETZEL | DIRECTOR OF LENDING Highest-paid employee | 40 | $109,516 | $38,325 |
| HEATHER LUX | REGIONAL DIRECTOR- SE Highest-paid employee | 40 | $112,714 | $19,118 |
| STEVE SALOUTOS | PAST CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JOHNY L MOUTRY JR | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| KATE HILL | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| KATHRYN ANDREA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN M STEWART | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LORISSA R BANUELOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM COLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARIN GALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MCDONAGH | DIRECTOR Trustee or director | 1 | $0 |
| KIP RITCHIE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMBERLY ZEULI | SMALL BUSINESS FINANCE FOR Highest-paid employee | 40 | $214,091 | $6,423 |
| WENDY K BAUMANN | PRESIDENT Trustee or director, Officer | 40 | $183,280 | $20,477 |
| JON GAINES | VP BUSINESS AND FINANCE Officer | 40 | $157,262 | $17,520 |
| KAMALJIT JACKSON | VP PROGRAMS AND OPERATIONS Highest-paid employee | 40 | $153,429 | $0 |
| CHRISTINA KNUDSEN | VP DEVELOPMENT AND COMMUNI Highest-paid employee | 40 | $128,422 | $0 |
| HEATHER LUX | REGIONAL DIRECTOR - SE Highest-paid employee | 40 | $110,050 | $0 |
| STEVE SALOUTOS | PAST CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JOHNNY L MOUTRY JR | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| KATHRYN ANDREA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LORISSA R BANUELOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM COLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATE HILL | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| LISA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL MCDONAGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIP RITCHIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN M STEWART | SECRETARY Trustee or director | 1 | $0 | $0 |
| KARIN GALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1515 N RIVER CENTER DR, MILWAUKEE, WI 53212-3998
- In care of
- % BARB KUENY
- Principal officer (990 for 2024)
- KATHRYN DUNN, 1533 N RIVERCENTER DRIVE, MILWAUKEE, WI 53212
- Signed the 990
- KATHRYN DUNN, PRESIDENT
- Phone
- (414) 263-5450
- Website
- WWW.WWBIC.COM
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
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.
Program accomplishments
- IN FY 2024, WWBIC CLOSED ON 64 LOANS TOTALING $ 7,051,978 DOLLARS IN SMALL BUSINESS AND MICROLOAN PRODUCTS.Expenses $7,887,428 · revenue $2,075,497
- 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.Expenses $1,801,938 · revenue $1,963,207
- 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.Expenses $352,690 · grants $269,497
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1597954
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $40,524,297
- Income (IRS master file)
- $8,991,820
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,906,648 | $13,984,745 | $40,524,297 | XML |
| 990 | December 2023 | $15,588,925 | $13,421,078 | $45,798,214 | XML |
| 990 | December 2022 | $9,606,906 | $9,384,182 | $45,566,731 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1597954).
Questions about WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION
- What is the EIN of WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION?
- The employer identification number (EIN) of WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION is 39-1597954.
- Is WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION?
- The 990 for the year ended December 31, 2024 names KATHRYN DUNN.
- Who are the officers and directors of WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 17 people; 6 received compensation from the organization, the highest $250,115 (KIMBERLY ZEULI, SMALL BUS. FINANCE FWRD PROJ.).
- How much revenue does WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,906,648, expenses of $13,984,745 and total assets of $40,524,297 at year end.
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