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Nonprofiteer
← RACINE AREA MANUFACTURERS AND COMMERCE INC

Form 990 for tax year 2024

Filed by RACINE AREA MANUFACTURERS AND COMMERCE INC.

Totals

Total revenue
$2,541,419
Total expenses
$2,527,202
Contributions and grants received
$331,652
Grants paid
$0
Program service revenue
$2,143,304
Investment income
$20,039
Other revenue
$46,424
Total assets, end of year
$1,229,161
Total liabilities, end of year
$351,554
Net assets or fund balances, end of year
$877,607
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1c · Fundraising events

    $55,675

  • 1e · Government grants (contributions)

    $233,697

  • 1f · All other contributions, gifts and grants

    $42,280

  • 2a · Program service revenue: HR SERVICES

    total $1,649,013 · related or exempt $1,649,013

  • 2b · Program service revenue: MEMBERSHIP DUES AND AS

    total $423,089 · related or exempt $423,089

  • 2c · Program service revenue: MEMBER SERVICES - TRAI

    total $68,962 · related or exempt $68,962

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $2,240 · related or exempt $2,240

  • 3 · Investment income

    total $20,039 · excluded $20,039

  • 8a · Fundraising events: gross income

    $63,425

  • 8a · Fundraising events: contributions included on line 1c

    $55,675

  • 8b · Fundraising events: direct expenses

    $48,609

  • 8c · Net income from fundraising events

    total $14,816 · excluded $14,816

  • 9a · Gaming: gross income

    $3,530

  • 9b · Gaming: direct expenses

    $960

  • 9c · Net income from gaming

    total $2,570 · excluded $2,570

  • 11a · Other revenue: ADVERTISING INCOME

    total $26,488 · unrelated business $26,488

  • 11b · Other revenue: ANNUAL REPORT INCOME

    total $2,000 · related or exempt $2,000

  • 11c · Other revenue: MISCELLANEOUS REVENUE

    total $550 · related or exempt $550

  • 11e · Other revenue, total

    $29,038

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $173,800

  • 7 · Other salaries and wages

    total $1,499,577

  • 8 · Pension plan contributions

    total $50,950

  • 9 · Other employee benefits

    total $149,189

  • 10 · Payroll taxes

    total $133,083

  • 11b · Fees: legal

    total $847

  • 11c · Fees: accounting

    total $88,246

  • 11g · Fees: other

    total $172,324

  • 12 · Advertising and promotion

    total $13,714

  • 13 · Office expenses

    total $32,996

  • 14 · Information technology

    total $23,869

  • 16 · Occupancy

    total $43,629

  • 17 · Travel

    total $9,046

  • 20 · Interest

    total $1,914

  • 22 · Depreciation, depletion and amortization

    total $18,066

  • 23 · Insurance

    total $6,289

  • 24a · Other expenses: TRAINING AND EDUCATION

    total $48,781

  • 24b · Other expenses: BUSINESS QUARTERLY PUBL

    total $18,780

  • 24c · Other expenses: OTHER PROGRAM EXPENSES

    total $12,462

  • 24d · Other expenses: DUES AND SUBSCRIPTIONSS

    total $10,999

  • 24e · All other expenses

    total $18,641

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,163 · end of year $121,124

  • 2 · Savings and temporary cash investments

    beginning of year $640,751 · end of year $683,173

  • 3 · Pledges and grants receivable

    beginning of year $145,155 · end of year $178,104

  • 4 · Accounts receivable

    beginning of year $106,217 · end of year $101,997

  • 8 · Inventories for sale or use

    beginning of year $2,489 · end of year $2,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,612 · end of year $38,868

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

    $650,695

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

    $567,972

  • 10c · Land, buildings and equipment, net

    beginning of year $98,422 · end of year $82,723

  • 15 · Other assets

    beginning of year $23,331 · end of year $20,422

  • 17 · Accounts payable and accrued expenses

    beginning of year $125,487 · end of year $123,775

  • 19 · Deferred revenue

    beginning of year $185,524 · end of year $220,862

  • 23 · Secured mortgages and notes payable

    beginning of year $8,739 · end of year $6,917

  • 27 · Net assets without donor restrictions

    beginning of year $846,512 · end of year $874,732

  • 28 · Net assets with donor restrictions

    beginning of year $16,878 · end of year $2,875

Mission and programs · 2024

Mission

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.

Activities or mission (Part I)

RACINE'S BUSINESS CHAMPION - TO PROMOTE THE FURTHER DEVELOPMENT OF THE RACINE BUSINESS COMMUNITY AND BE THE VOICE OF THE BUSINESS COMMUNITY.

  • 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.

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

Listed in Part VII

  • Scott Hess

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brian Weaver

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Dodge

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Brath

    MAR CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Warren

    PUBLIC POLICY CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dana Christensen

    MEMBERSHIP CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Loretta Olson

    ACTIVITIES CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Aaron Spitzner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Pontious

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ali Haigh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brett Ekes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Crista Kruse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donna Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Sterbin Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Helen T May

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hope Otto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristen Beglinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Schaefer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Montemurro

    PRESIDENT/CEO

    Total calculated
    $155,641
    From this org
    $141,526
    From related orgs
    $0
    Other
    $14,115
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,526
    Bonus
    $17,000
    Other
    $0
    Deferred
    $5,708
    Nontaxable benefits
    $8,407
    Filer's total
    $155,641

  • Mark Lewis

    PRESIDENT/CEO JANUARY 2025

    Total calculated
    $0
    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. 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

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
27 October 2025
IRS schema version
2024v5.2
Source object
202543029349302774

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