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Nonprofiteer
← WISCONSIN NATIVE LOAN FUND INC

Form 990 for tax year 2022

Filed by WISCONSIN NATIVE LOAN FUND INC.

Totals

Total revenue
$2,400,832
Total expenses
$1,370,917
Contributions and grants received
$2,034,751
Grants paid
$511,132
Program service revenue
$364,344
Investment income
$487
Other revenue
$1,250
Total assets, end of year
$7,515,814
Total liabilities, end of year
$3,435,334
Net assets or fund balances, end of year
$4,080,480
Program services expenses (Part IX)
$933,914
Management and general expenses
$370,394
Fundraising expenses
$66,609
Program service expenses (Part III)
$933,914

Program services were 68.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,681,921

  • 1f · All other contributions, gifts and grants

    $352,830

  • 2a · Program service revenue: LOAN RECEIVABLE INTERE

    total $285,500 · related or exempt $285,500

  • 2b · Program service revenue: LOAN FEES

    total $54,886 · related or exempt $54,886

  • 2c · Program service revenue: LOAN RECOVERY INCOME

    total $23,958 · related or exempt $23,958

  • 3 · Investment income

    total $487 · excluded $487

  • 11a · Other revenue: TRAVEL REIMBURSEMENT

    total $1,250 · excluded $1,250

  • 11e · Other revenue, total

    $1,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $475,710 · program services $475,710

  • 2 · Grants to domestic individuals

    total $35,422 · program services $35,422

  • 5 · Compensation of officers, directors and key employees

    total $111,151 · program services $38,903 · management and general $54,464 · fundraising $17,784

  • 7 · Other salaries and wages

    total $201,477 · program services $71,605 · management and general $97,964 · fundraising $31,908

  • 8 · Pension plan contributions

    total $5,566 · program services $1,903 · management and general $2,850 · fundraising $813

  • 9 · Other employee benefits

    total $31,506 · program services $10,154 · management and general $16,755 · fundraising $4,597

  • 10 · Payroll taxes

    total $22,708 · program services $7,684 · management and general $11,717 · fundraising $3,307

  • 11c · Fees: accounting

    total $23,012 · program services $5,105 · management and general $17,907

  • 11g · Fees: other

    total $105,546 · program services $3,800 · management and general $101,746

  • 12 · Advertising and promotion

    total $13,561 · program services $12,815 · management and general $746

  • 13 · Office expenses

    total $14,120 · program services $11,518 · management and general $2,463 · fundraising $139

  • 14 · Information technology

    total $15,096 · program services $9,550 · management and general $5,546

  • 16 · Occupancy

    total $34,814 · program services $12,392 · management and general $20,422 · fundraising $2,000

  • 17 · Travel

    total $50,001 · program services $33,628 · management and general $11,675 · fundraising $4,698

  • 19 · Conferences, conventions and meetings

    total $13,584 · program services $2,727 · management and general $10,458 · fundraising $399

  • 20 · Interest

    total $43,127 · program services $43,127

  • 22 · Depreciation, depletion and amortization

    total $1,244 · program services $622 · management and general $622

  • 23 · Insurance

    total $4,605 · program services $891 · management and general $3,714

  • 24a · Other expenses: LOAN LOSS PROVISION

    total $139,794 · program services $139,794

  • 24b · Other expenses: EQUIPMENT

    total $11,755 · program services $11,755

  • 24c · Other expenses: GOVERNANCE

    total $8,303 · management and general $8,303

  • 24d · Other expenses: LOAN FEES

    total $3,695 · program services $3,695

  • 24e · All other expenses

    total $5,120 · program services $1,114 · management and general $3,042 · fundraising $964

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,536,048 · end of year $3,378,558

  • 2 · Savings and temporary cash investments

    beginning of year $79,622 · end of year $81,337

  • 3 · Pledges and grants receivable

    beginning of year $32,500 · end of year $114,140

  • 4 · Accounts receivable

    beginning of year $21,853 · end of year $19,133

  • 5 · Loans and receivables from officers and key people

    beginning of year $274,859 · end of year $296,138

  • 6 · Loans and receivables from disqualified persons

    beginning of year $21,951 · end of year $40,533

  • 7 · Other notes and loans receivable

    beginning of year $3,689,393 · end of year $3,582,243

  • 10a · Land, buildings and equipment: cost or other basis

    $6,220

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,488

  • 10c · Land, buildings and equipment, net

    beginning of year $4,976 · end of year $3,732

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,018 · end of year $18,485

  • 19 · Deferred revenue

    beginning of year $0 · end of year $251,294

  • 23 · Secured mortgages and notes payable

    beginning of year $2,015,776 · end of year $3,165,555

  • 27 · Net assets without donor restrictions

    beginning of year $2,979,695 · end of year $4,009,429

  • 28 · Net assets with donor restrictions

    beginning of year $644,713 · end of year $71,051

Mission and programs · 2022

Mission

TO INCREASE THE FINANCIAL WELL-BEING OF WISCONSIN NATIVE AMERICAN FAMILIES AND COMMUNITIES.

  • THE WISCONSIN NATIVE LOAN FUND (WINLF) INC. IS A 501(C)(3) NONPROFIT AND U.S. TREASURY-CERTIFIED NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WHOSE MISSION IS TO INCREASE THE FINANCIAL SELF-SUFFICIENCY OF WISCONSIN NATIVE AMERICAN COMMUNITIES. SINCE ITS FOUNDING IN 2006, WINLF HAS ACCOMPLISHED THIS MISSION THROUGH A SUITE OF LOAN PRODUCTS SUCH AS HOME, CONSUMER, AND SMALL BUSINESS LOANS, WHICH ARE COMPLEMENTED WITH DEVELOPMENT SERVICES SUCH AS HOMEBUYER EDUCATION, CREDIT COUNSELING, AND BUSINESS/ENTREPRENEURSHIP SERVICES.

    Expenses $933,914 · Grants $511,132 · Revenue $364,344

As filed on the 2022 return.

Listed in Part VII

  • Cheryl Cloud

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Randy Cadotte

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Fern Orie

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeffery Johnson

    SECRETARY (AS OF AUG 2022)

    Total calculated
    $97,446
    From this org
    $97,446
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeff Ackley Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Bowman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Casey Fitzpatrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sean Harte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Montano Sr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessie Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Russell Swagger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Gouwens

    COO

    Total calculated
    $111,151
    From this org
    $87,803
    From related orgs
    $0
    Other
    $23,348
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • WHITE BUFFALO TRUCKING

    $0

    LOAN FORGIVENESS

  • ST GERMAINE ENTERPRISES LLC

    $0

    LOAN FORGIVENESS

  • TABI'S LAKE COUNTRY

    $0

    LOAN FORGIVENESS

  • FOUR WINDS ENTERPRISES LLC

    $0

    LOAN FORGIVENESS

  • DOG CITY HOTEL & SPA LLC

    $0

    LOAN FORGIVENESS

  • ANASA TRAFFIC & RESTORATION SERVICES LLC

    $0

    LOAN FORGIVENESS

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202313199349305486

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