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Nonprofiteer
← KENOSHA AREA BUSINESS ALLIANCE FOUNDATION INC

Form 990 for tax year 2025

Filed by KENOSHA AREA BUSINESS ALLIANCE FOUNDATION INC.

Totals

Total revenue
$3,392,262
Total expenses
$1,375,112
Contributions and grants received
$417,870
Grants paid
$20,000
Program service revenue
$550,325
Investment income
$2,424,067
Other revenue
$0
Total assets, end of year
$21,972,838
Total liabilities, end of year
$9,665,514
Net assets or fund balances, end of year
$12,307,324
Program services expenses (Part IX)
$839,664
Management and general expenses
$535,448
Fundraising expenses
$0
Program service expenses (Part III)
$839,664

Program services were 61.1% 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.

  • 1d · Related organizations

    $417,870

  • 2a · Program service revenue: RENTAL INCOME

    total $423,952 · related or exempt $423,952

  • 2b · Program service revenue: INSPIRE LEADERSHIP

    total $126,373 · related or exempt $126,373

  • 3 · Investment income

    total $44,357 · excluded $44,357

  • 7a · Gross sales of assets other than inventory

    securities $1,588 · other assets $2,378,122

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $1,588 · other assets $2,378,122

  • 7d · Net gain or loss

    total $2,379,710 · excluded $2,379,710

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 7 · Other salaries and wages

    total $372,439 · program services $326,267 · management and general $46,172

  • 10 · Payroll taxes

    total $2,499 · management and general $2,499

  • 11b · Fees: legal

    total $63,079 · management and general $63,079

  • 11c · Fees: accounting

    total $17,490 · management and general $17,490

  • 11g · Fees: other

    total $2,758 · management and general $2,758

  • 12 · Advertising and promotion

    total $2,654 · management and general $2,654

  • 13 · Office expenses

    total $6,044 · program services $244 · management and general $5,800

  • 16 · Occupancy

    total $8,000 · management and general $8,000

  • 17 · Travel

    total $6,678 · management and general $6,678

  • 19 · Conferences, conventions and meetings

    total $131,834 · program services $126,388 · management and general $5,446

  • 20 · Interest

    total $284,046 · program services $142,023 · management and general $142,023

  • 22 · Depreciation, depletion and amortization

    total $449,484 · program services $224,742 · management and general $224,742

  • 24a · Other expenses: MISCELLANOUS

    total $8,107 · management and general $8,107

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,539,524 · end of year $2,558,854

  • 4 · Accounts receivable

    beginning of year $6,000 · end of year $5,000

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

    $17,814,968

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

    $445,374

  • 10c · Land, buildings and equipment, net

    beginning of year $16,382,653 · end of year $17,369,594

  • 11 · Investments: publicly traded securities

    beginning of year $254,189 · end of year $2,039,390

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,668,498 · end of year $33,954

  • 23 · Secured mortgages and notes payable

    beginning of year $8,748,291 · end of year $9,631,560

  • 27 · Net assets without donor restrictions

    beginning of year $1,757,818 · end of year $10,904,053

  • 28 · Net assets with donor restrictions

    beginning of year $7,007,759 · end of year $1,403,271

Mission and programs · 2025

Mission

KENOSHA AREA BUSINESS ALLIANCE FOUNDATION, INC. DEVELOPS EDUCATION INITIATIVES WITH LOCAL KENOSHA SCHOOLS TO INCREASE GRADUATION RATES, IMPROVE THE OVERALL QUALITY OF EDUCATION, AND FOSTER THE BEST EDUCATIONAL SYSTEM IN THE STATE.

  • THROUGH THE KENOSHA AREA BUSINESS ALLIANCE FOUNDATION, KENOSHA AREA BUSINESS ALLIANCE PLAYS AN ACTIVE ROLE IN THE KENOSHA AREA'S EDUCATION SYSTEM INCLUDING AN ELEMENTARY SCHOOL MENTORING PROGRAM, ANNUAL SCHOLARSHIP AWARDS, AND SUPPORT FOR VARIOUS TECHNOLOGY-RELATED INITIATIVES.

    Expenses $713,276 · Grants $20,000 · Revenue $423,952

  • THE INSPIRE PROGRAM IS A SERIES OF ACTIVITIES, EVENTS AND RESOURCES DESIGNED TO EMPOWER EXISTING AND EMERGING LEADERS TO CREATE CHANGE IN OUR COMMUNITY AS PART OF THIS PLATFORM, KENOSHA AREA BUSINESS ALLIANCE FOUNDATION HOSTS A ONE-DAY LEADERSHIP EXPERIENCE TO CHALLENGE AND INSPIRE ATTENDEES TO WALK AWAY WITH IDEAS ON HOW THEY CAN BE A BETTER LEADER IN THEIR CAREERS, COMMUNITIES AND PERSONAL LIVES.

    Expenses $126,388 · Revenue $126,373

As filed on the 2025 return.

Listed in Part VII

  • Chris Weyker

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Thomas Moore

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Jens Emerson

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Erin Anderson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Melissa Thompson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Wes Saber

    CHAIR - THRU JULY 2025

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Anne Arbas

    SECRETARY - THRU MARCH 2025

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Jamie Hogan

    TREASURER - THRU MARCH 2025

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Nicole Ryf

    PRESIDENT

    Total calculated
    $331,156
    From this org
    $0
    From related orgs
    $305,477
    Other
    $25,679
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,022 related
    Bonus
    $0 + $60,255 related
    Other
    $0 + $7,200 related
    Deferred
    $0 + $17,624 related
    Nontaxable benefits
    $0 + $8,055 related
    Filer's total
    $0 + $331,156 related

  • Brock Portilia

    CHIEF FINANCIAL OFFICER

    Total calculated
    $174,645
    From this org
    $0
    From related orgs
    $159,596
    Other
    $15,049
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,816 related
    Bonus
    $0 + $26,780 related
    Other
    $0
    Deferred
    $0 + $9,576 related
    Nontaxable benefits
    $0 + $5,473 related
    Filer's total
    $0 + $174,645 related

  • Rebecca Noble

    DIRECTOR OF MARKETING

    Total calculated
    $113,462
    From this org
    $0
    From related orgs
    $107,040
    Other
    $6,422
    Hours/week
    1 + 40 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
KENOSHA AREA BUSINESS ALLIANCE, INC. USES THE FOLLOWING TO ESTABLISH COMPENSATION -COMPENSATION COMMITEE -WRITTEN EMPLOYMENT CONTRACT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OF COMPENSATION COMMITTE

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

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
2025
Filed
16 September 2026
IRS schema version
2025v4.2
Source object
202602619349300820

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