NonprofitsWisconsin Womens Business Initiative Corporation

Wisconsin Womens Business Initiative Corporation

MILWAUKEE, WI

Total revenue

$8.9M

Total expenses

$14.0M

Net assets

$8.5M

Grants received

$2.2M

55 grants

EIN

391597954

Tax year

2024

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.

Programs

2 programs

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: $1.8M

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: $353KGrants: $269K

Financials

FY 2024

Revenue

Contributions & grants$4.4M
Program service revenue$2.2M
Investment income$2.0M
Other revenue$294K
Total revenue$8.9M

Expenses

Grants paid$269K
Salaries & benefits$4.9M
Fundraising$70K
Other expenses$8.8M
Total expenses$14.0M
Total assets$40.5M
Net assets$8.5M

People

17 listed

NameRoleCompensation

WENDY K BAUMANN

PRESIDENT

Board

$189K

40 hrs/wk

JON GAINES

VP BUSINESS AND FINANCE

Board

$164K

40 hrs/wk

LORISSA R BANUELOS

DIRECTOR

Board

1 hrs/wk

WILLIAM COLEMAN

DIRECTOR

Board

1 hrs/wk

KARIN GALE

DIRECTOR

Board

1 hrs/wk

LISA JOHNSON

DIRECTOR

Board

1 hrs/wk

MICHAEL MCDONAGH

DIRECTOR

Board

1 hrs/wk

KIP RITCHIE

DIRECTOR

Board

1 hrs/wk

JOHNY L MOUTRY JR

CHAIRPERSON

Board

1 hrs/wk

STEVE SALOUTOS

PAST CHAIRPERSON

Board

1 hrs/wk

KATE HILL

VICE CHAIRPERSON

Board

1 hrs/wk

KATHRYN ANDREA

TREASURER

Board

1 hrs/wk

JOHN M STEWART

SECRETARY

Board

1 hrs/wk

KIMBERLY ZEULI

SMALL BUS. FINANCE FWRD PROJ.

Staff

$250K

40 hrs/wk

CHRISTINA KNUDSEN

VP DEVELOPMENT AND COMMUNITY

Staff

$138K

40 hrs/wk

HEATHER LUX

REGIONAL DIRECTOR- SE

Staff

$113K

40 hrs/wk

MICHAEL HETZEL

DIRECTOR OF LENDING

Staff

$110K

40 hrs/wk

Independent contractors

CONNECT SEARCH LLC

ACCOUNTING/LOAN OPS/DATA VENTURES SOFTWA

$291K

AF TECHNICAL RESOURCES

IT SERVICES

$187K

VENTURES LENDING TECHNOLOGIES

LENDING TECHNOLOGY SERVICES

$106K

Grants received

Showing 55 of 55

FromAmountPurposeYear
$250K
OPERATING GRANT
2024
$40K
TRAINING & TECH ASST FOR RACINE COUNTY ENTREPRENEURS
2024
$25K
GENERAL OPERATING SUPPORT
2024
$12K
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
2024
$10K
SUPPORT TRADITIONALLY DISADVANTAGED SMALL BUSINESS OWNERS INCLUDING WOMEN, PEOPLE OF COLOR, LOWER-WEALTH INDIVIDUALS, AND VETERANS
2024
$10K
COMMUNITY IMPROVEMENT
2024
$8K
TRAINING AND TECHNICAL ASSISTANCE FOR CURRENT AND POTENTIAL WAUKESHA COUNTY ENTREPRENEURS
2024
$7K
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
2024
$100K
Charitable Lending
2023
$40K
TRAINING/TECH ASST FOR CURRENT/POTENTIAL ENTREPRENEURS
2023
$25K
Sponsorship of event
2023
$10K
SUPPORT OPERATIONS
2023
$10K
MENTORING AND TRAINING FOR WOMEN-OWNED SMALL BUSINESSES
2023
$10K
GENERAL DONATIONS
2023
$10K
FINANCIAL TRAINING
2023
$8K
S: COMMUNITY IMPROVEMENT & CAPACITY BUILDING
2023
$7K
COMMUNITY IMPROVEMENT & CAPACITY BUILDING
2023
$200K
CHARITABLE USES OF THE ORGANIZATION
2022
$100K
SUPPORT LENDING AND EDUCATION SERVICES TO UNDERSERVED SMALL BUSINESSES
2022
$68K
PUBLIC BENEFIT AND COMMUNITY IMPROVEMENT PROGRAM SUPPORT
2022
$50K
Charitable Lending
2022
$30K
FOR THE "JOB TITLE: BUSINESS OWNER" PROGRAM
2022
$27K
Sponsorship of WWBIC Spanish Small Business Pitch Competition
2022
$23K
CHARITABLE USES OF THE ORGANIZATION
2022
$15K
COMMUNITY IMPROVEMENT
2022
$12K
GENERAL SUPPORT
2022
$125K
OFNS SMALL BUSINESS GRANT PROGRAM FUNDED BY GOOGLE.ORG
2021
$100K
SUPPORT THE LAUNCH OF KIVA-SE BY COVERING EXPENSE OF ONE PART-TIME STAFF THAT SUPPORTS AND TRAINS MICORENTERPRISES
2021
$25K
SUPPORT FOR THE JOB TITLE: BUSINESS OWNER PROGRAM
2021
$20K
For grant recipient's exempt purposes
2021
$20K
For grant recipient's exempt purposes
2021
$10K
SUPPORT BUSINESS EDUCATION PROGRAMMING AND SUPPORT FOR KIVA PROGRAM
2021
$100
GENERAL OPERATING SUPPORT
2021
$86K
SUSTAINING SUPPORT
2020
$75K
SUPPORT KIVA GREATER MADISON PROJECT
2020
$30K
PUBLIC AND SOCIETAL BENEFIT PROGRAM SUPPORT
2020
$30K
ECONOMIC DEVELOPMENT
2020
$25K
JOB TITLE: BUSINESS OWNER PROGRAM: RACINE COUNTY
2020
$20K
TO SUPPORT GENERAL ACTIVITIES AND THE GOALS OF THE ORGANIZATION
2020
$5K
GENERAL SUPPORT
2020
$70
GENERAL OPERATING SUPPORT
2020
$188K
Small business education and development
2019
$90K
FUNDING OF LOAN LOSS RESERVE THAT LEVERAGES WWBIC'S ABILITY TO PROVIDE SMALL BUSINESS LOANS, SUPPORT KIVA GREATER MADISON PROJECT
2019
$25K
JOB TITLE: BUSINESS OWNER PROGRAM IN RACINE COUNTY
2019
$50K
For grant recipient's exempt purposes
2018
$25K
ECONOMIC DEVELOPMENT
2018
$20K
"JOB TITLE: BUSINESS OWNER" PROGRAM
2018
$10K
GENERAL OPERATIONS
2018
$10K
PROVIDE BUSINESS EDUCATION, TRAINING & COACHING TO NEW, PRIMARILY, MINORITY ENTREPRENEURS
2018
$690
GENERAL OPERATING SUPPORT
2018
$5K
ECONOMIC DEVELOPMENT
2017

Funded by

$2.2M from 28 funders · 55 grants · 2017–2024

Opportunity Finance Network

$375K · 2 grants · 2021–2024

Wbd Inc

$295K · 5 grants · 2017–2021

Entrepreneurs Coalition Inc

$223K · 2 grants · 2022

Racine Community Foundation Inc

$205K · 7 grants · 2018–2024

Center for Community Self-Help

$150K · 2 grants · 2022–2023

Peoplefund

$100K · 1 grant · 2022

Details

EIN391597954
Subsection03
Ruling date1988-05
Formed1987
Employees79
Volunteers280
WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION — Mission, Financials & Grants Received | Grantivo