Form 990 for tax year 2024

Totals

Total revenue

$10,393,230

Total expenses

$9,662,981

Contributions and grants received

$0

Grants paid

$569,065

Program service revenue

$9,623,697

Investment income

$763,782

Other revenue

$5,751

Total assets, end of year

$22,957,192

Total liabilities, end of year

$6,421,505

Net assets or fund balances, end of year

$16,535,687

Program services expenses (Part IX)

$8,242,917

Management and general expenses

$1,420,064

Fundraising expenses

$0

Program service expenses (Part III)

$8,242,917

Program services were 85.3% 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.

Mission and programs · 2024

• WBD, INC. WAS FORMED TO ASSIST SMALL BUSINESSES IN GAINING ACCESS TO CAPITAL TO GROW THEIR BUSINESSES, CREATE JOBS, AND BUILD COMMUNITIES. THE CORNERSTONE OF WBD'S SUCCESS IS THE DELIVERY OF THE SBA 504 PRODUCT. SOLD NATIONWIDE EXCLUSIVELY BY NOT-FOR-PROFIT CERTIFIED DEVELOPMENT COMPANIES (CDC), THE SBA 504 LOAN FULFILLS THE U.S. SMALL BUSINESS ADMINISTRATION'S (SBA) PUBLIC POLICY OBJECTIVE TO SUPPORT SMALL BUSINESSES AND CREATE JOBS IN OUR COMMUNITIES THROUGH LONG-TERM, FIXED RATE FINANCING.AT SEPTEMBER 30,2025, WBD'S SBA 504 PORTFOLIO INCLUDED 1,752 LOANS TOTALING $1,086,292,240. DURING THE REPORTING PERIOD, 184 NEW LOANS WERE AUTHORIZED FOR OVER $191 MILLION AS A PART OF PROJECTS TOTALING OVER $506 MILLION. THESE PROJECTS ARE PROJECTED TO CREATE AN ADDITIONAL 1,132 JOBS. SINCE 1981 WBD HAS HELPED CREATE MORE THAN 79,665 JOBS. THIS PAST YEAR, WBD RANKED AS THE 9TH MOST ACTIVE CDC IN THE NATION, BASED ON NUMBER OF 504 LOANS APPROVED OUT OF ROUGHLY 200 CDCS IN THE U.S. WBD CURRENTLY PROVIDES ACCESS TO FINANCING FOR THOUSANDS OF BUSINESSES THROUGHOUT WISCONSIN, MINNESOTA, AND SERVES WISCONSIN-BORDER AREAS IN THE UPPER PENINSULA OF MICHIGAN. THROUGH OUR LLC AFFILIATE, WBD SERVICE COMPANY, LLC, WE PROVIDE OUTSOURCED SERVICES TO FINANCIAL INSTITUTIONS AND NON-BANK COMMUNITY DEVELOPMENT LENDERS FOR THE SBA GOVERNMENT SPONSORED LENDING PROGRAMS. THROUGH BOTH TRAINING AND OUTSOURCED SERVICES, WBD INCREASES PARTNER INSTITUTIONS' ABILITY TO ACCESS SBA PROGRAMS TO SERVE THEIR BUSINESS CLIENTS. WDB'S EXPERTISE WITH THE SBA 7(A) PROGRAM DELIVERS VALUE FOR PROJECTS THAT NEED MORE THAN FIXED ASSET FINANCING AVAILABLE THROUGH OUR CORE SBA 504 LOAN PROGRAM. DURING THE REPORTING PERIOD, WBD PACKAGED 62- 7(A) LOANS VALUED AT OVER $27 MILLION. THESE LOANS SUPPORTED THE CREATION OF 129 NEW JOBS.ADDITIONALLY, THROUGH OUR PARTNERSHIP WITH VARIOUS COMMUNITY DEVELOPMENT AND MINORITY CHAMBER ORGANIZATIONS, WBD SERVICE COMPANY OFFERS LOAN SERVICING AND BACK-OFFICE SUPPORT ENHANCING THE AGENCIES' ABILITIES TO DELIVER THE SERVICES THEY PROVIDE. THESE AGENCIES INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING: HMONG CHAMBER OF COMMERCE, AFRICAN AMERICAN CHAMBER OF COMMERCE, AND WISCONSIN LATINO CHAMBER OF COMMERCE.

  Expenses $8,242,917 · Grants $569,065 · Revenue $9,623,697

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• WISCONSIN VETERANS CHAMBER OF COMMERCE INC

  $150,000

  SUPPORT VETERPRENEUR PROJECT WHICH EQUIPS VETERAN ENTREPRENEURS WITH THE TOOLS, TRAINING AND SUPPORT TO LAUNCH, SUSTAIN AND SCALE THEIR BUSINESSES.

• WISCONSIN ECONOMIC DEVELOPMENT ASSOCIATION INC

  $100,000

  ENHANCE PROGRAMMING, BROADEN STATEWIDE PRESENCE, AND STRENGTHEN ITS NETWORK. CONTINUE SERVING AS A CONVENER OF STATEWIDE BEST PRACTICES, INNOVATION AND COLLABORATION IN ECONCOMIC DEVELOPMENT.

• WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION

  $64,760

  CONTINUED GROWTH OF KIVA IN SC WI COUNTIES. TRAIN MICROENTERPRISES, COMMUNITY OUTREACH AND KIVA LOANS. FORGAVE LOANS ISSUED TO SUPPORT LOAN LOSS RESERVE

• FAMILY FRIENDLY WORKPLACES INC

  $50,000

  SUPPORT GENERAL OPERATIONS TO PROVIDE FINANCIAL CERTANTY AND SUPPORT PROGRAMMING

• SHAKOPEE CHAMBER FOUNDATION

  $50,000

  HELP IMPLEMENT A WORKFORCE SCHOLARSHIP PROGRAM IN SCOTT COUNTY MN

• UNIVERSITY OF WISCONSIN - EAU CLAIRE FOUNDATION INC

  $50,000

  SUPPORT STATEWIDE CAPITAL ACCESS CLINIC TO SUSTAIN AND EXPAND THE IMPACT OF CAC BY SERVING A MINIMUM OF 500 BUSINESS CLIENTS EACH YEAR OVER THREE YEARS. SUPPORTS STUDENT WAGES AND STAFF WHO MENTOR AND GUIDE THEM.

• CHAYIL INC

  $45,000

  SUPPORT PROGRAM EXPANSION, CAPACITY BUILDING AND ENHANCE PROGRAM QUALITY

• NEW NORTH INC

  $21,000

  SPONSORSHIP OF REGIONAL BUSINESS PITCH CONTESTS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2024

Filed

23 February 2026

IRS schema version

2024v5.5

Source object

202630569349301508

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