Form 990 for tax year 2022

Filed by KENOSHA AREA BUSINESS ALLIANCE.

Totals

Total revenue: $5,753,719
Total expenses: $2,595,083
Contributions and grants received: $183,250
Grants paid: $0
Program service revenue: $5,461,485
Investment income: $58,484
Other revenue: $50,500
Total assets, end of year: $49,967,826
Total liabilities, end of year: $14,892,885
Net assets or fund balances, end of year: $35,074,941
Program services expenses (Part IX): $2,150,437
Management and general expenses: $265,768
Fundraising expenses: $178,878
Program service expenses (Part III): $2,150,437

Program services were 82.9% 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)

$175,000
1f · All other contributions, gifts and grants

$8,250
2a · Program service revenue: GRANT INCOME

total $3,221,000 · related or exempt $3,221,000
2b · Program service revenue: RENTAL INCOME

total $767,534 · related or exempt $767,534
2c · Program service revenue: LOAN FUND INTEREST INC

total $505,056 · related or exempt $505,056
2d · Program service revenue: MEMBERSHIP DUES

total $322,416 · related or exempt $322,416
2e · Program service revenue: RECOVERED ADVANCES

total $250,000 · related or exempt $250,000
2f · All other program service revenue

total $395,479 · related or exempt $395,479
3 · Investment income

total $58,484 · excluded $58,484
11a · Other revenue: PROV FOR CREDIT LOSSES

total $50,500 · related or exempt $50,500
11e · Other revenue, total

$50,500

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $396,227 · program services $316,981 · management and general $39,623 · fundraising $39,623
7 · Other salaries and wages

total $533,837 · program services $376,806 · management and general $102,752 · fundraising $54,279
8 · Pension plan contributions

total $68,611 · program services $51,014 · management and general $10,667 · fundraising $6,930
9 · Other employee benefits

total $82,940 · program services $61,669 · management and general $12,894 · fundraising $8,377
10 · Payroll taxes

total $60,784 · program services $45,194 · management and general $9,450 · fundraising $6,140
11b · Fees: legal

total $254,722 · program services $251,463 · management and general $3,259
11c · Fees: accounting

total $31,149 · management and general $31,149
11g · Fees: other

total $18,560 · program services $18,560
12 · Advertising and promotion

total $4,847 · program services $1,939 · management and general $969 · fundraising $1,939
13 · Office expenses

total $40,429 · program services $28,967 · management and general $5,588 · fundraising $5,874
14 · Information technology

total $60,016 · program services $53,087 · management and general $3,533 · fundraising $3,396
16 · Occupancy

total $104,489 · program services $83,848 · management and general $12,512 · fundraising $8,129
17 · Travel

total -$58 · program services -$43 · management and general -$9 · fundraising -$6
19 · Conferences, conventions and meetings

total $111,019 · program services $76,949 · management and general $3,127 · fundraising $30,943
20 · Interest

total $370,920 · program services $360,451 · management and general $6,326 · fundraising $4,143
22 · Depreciation, depletion and amortization

total $420,554 · program services $404,120 · management and general $9,962 · fundraising $6,472
23 · Insurance

total $22,230 · program services $16,529 · management and general $3,456 · fundraising $2,245
24a · Other expenses: SUBSCRIPTIONS

total $13,778 · program services $2,903 · management and general $10,481 · fundraising $394
24b · Other expenses: MISCELLANEOUS

total $29 · management and general $29

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,222,278 · end of year $1,128,316
2 · Savings and temporary cash investments

beginning of year $9,204,055 · end of year $15,106,678
4 · Accounts receivable

beginning of year $12,695 · end of year $28,960
9 · Prepaid expenses and deferred charges

beginning of year $7,595 · end of year $7,595
10a · Land, buildings and equipment: cost or other basis

$21,394,718
10b · Land, buildings and equipment: accumulated depreciation

$1,932,939
10c · Land, buildings and equipment, net

beginning of year $16,592,368 · end of year $19,461,779
11 · Investments: publicly traded securities

beginning of year $461,389 · end of year $388,784
13 · Investments: program-related

beginning of year $16,896,775 · end of year $13,845,714
17 · Accounts payable and accrued expenses

beginning of year $1,469,114 · end of year $914,792
19 · Deferred revenue

beginning of year $64,705 · end of year $64,705
23 · Secured mortgages and notes payable

beginning of year $10,477,042 · end of year $13,512,439
25 · Other liabilities

beginning of year $469,989 · end of year $400,949
27 · Net assets without donor restrictions

beginning of year $16,763,260 · end of year $16,612,134
28 · Net assets with donor restrictions

beginning of year $15,153,045 · end of year $18,462,807

Mission and programs · 2022

Mission

KENOSHA AREA BUSINESS ALLIANCE IS THE LEAD BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA COUNTY AND SUPPORTS AND PROVIDES SERVICES TO ITS MEMBERS AND THE COMMUNITY, HELPING TO ENSURE GROWTH, A ROBUST ECONOMY, AND A POSITIVE BUSINESS CLIMATE FOR THE KENOSHA AREA.

KENOSHA AREA BUSINESS ALLIANCE MANAGES SEVERAL REVOLVING LOAN FUNDS AIMED AT ATTRACTING NEW BUSINESSES TO AND RETAINING BUSINESSES IN KENOSHA COUNTY, CREATING AND RETAINING JOBS, AND OTHER ECONOMIC DEVELOPMENT ACTIVITIES.WISCONSIN ECONOMIC DEVELOPMENT CORPORATION DISASTER RECOVERY MICROLOAN FUND IS TO PROVIDE LOANS TO BUSINESSES AFFECTED BY DISASTERS, EITHER NATURAL OR MAN-MADE AND ASSIST WITH NECESSARY RESTORATION AND OPERATING EXPENSES. CITY COVID-19 RELIEF FUND A PORTION OF THE FUND REPRESENTS A $500,000 CONTRACT WITH THE CITY OF KENOSHA TO ADMINISTER REVOLVING LOAN FUNDS CONSISTING OF FUNDING PROVIDED BY THE CITY OF KENOSHA. THE PURPOSE OF THE FUND IS TO PROVIDE LOANS TO BUSINESSES TO FOSTER ECONOMIC DEVELOPMENT IN THE KENOSHA LAKESHORE BUSINESS IMPROVEMENT DISTRICT. IF THE COMPANY IS IN BUSINESS ONE YEAR FROM THE LOAN ORIGINATION, THE LOAN WILL BE 100% FORGIVEN. THE OTHER PORTION OF THIS FUND REPRESENTS A $100,000 CONTRACT WITH THE CITY OF KENOSHA TO ADMINISTER REVOLVING LOAN FUNDS CONSISTING OF FUNDING PROVIDED BY THE CITY OF KENOSHA. THE PURPOSE OF THE FUND IS TO PROVIDE ZERO INTEREST LOANS TO BUSINESSES TO FOSTER ECONOMIC DEVELOPMENT IN THE KENOSHA LAKESHORE BUSINESS IMPROVEMENT DISTRICT.

Expenses $1,415,798 · Revenue $1,884,418
KENOSHA AREA BUSINESS ALLIANCE (KABA) PROVIDES TRAINING OPPORTUNITIES THROUGH AN EXTENSIVE CATALOG OF CLASSES AND HOSTS A NUMBER OF WORKSHOPS ON TIMELY TOPICS AND IS ABLE TO PROVIDE CUSTOMIZED, ONSITE TRAINING AND TEAMBUILDING. KABA ALSO HOSTS NOTEWORTHY MEMBER EVENTS ANNUALLY ON BEHALF OF THE BUSINESS COMMUNITY, INCLUDING KEY ISSUES BREAKFASTS ON CURRENT TOPICS SUCH AS HEALTH CARE AND EDUCATION, NEW MEMBER ORIENTATIONS, AN ECONOMIC FORECAST BREAKFAST, A BUSINESS AWARDS DINNER, AN ANNUAL MEETING, A HOLIDAY SOCIAL, AND MORE. THESE PROGRAMS ARE INFORMATIVE AND RELEVANT AND PROVIDE GREAT NETWORKING OPPORTUNITIES WITH OTHER KENOSHA AREA ORGANIZATIONS.

Expenses $265,676 · Revenue $497,814
TO FURTHER ECONOMIC DEVELOPMENT IN A LESS POPULATED AREA AND TO FOSTER GROWTH, KABA PURCHASED A 82 ACRE PARCEL OF LAND IN THE TOWN OF SALEM, KENOSHA COUNTY. KABA AND THE TOWN OF SALEM ARE PARTNERING ON THE DEVELOPMENT OF A BUSINESS PARK. THE BUSINESS PARK DEVELOPMENT WILL PROVIDE BUSINESSES INCENTIVES FOR HIGH IMPACT DEVELOPMENTS FOR JOB CREATION AND ECONOMIC GROWTH. DURING 2017, KABA CONTRUCTED A MANUFACTURING BUILDING AND HAS ENTERED INTO AN INCENTIVIZED 10 YEAR LEASE WITH A COMPANY.

Expenses $468,963 · Revenue $1,208,890

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

John SwallowJOHN SWALLOW

CURRENT PAST CHAIR

Total calculated

$0

Hours/week

1 + 0.5 related
Jens EmersonJENS EMERSON

CHAIR

Total calculated

$0

Hours/week

1 + 0.5 related
Chris WeykerCHRIS WEYKER

SECRETARY

Total calculated

$0

Hours/week

1 + 0.5 related
Anne ArbasANNE ARBAS

CURRENT TREASURER

Total calculated

$0

Hours/week

1 + 0.5 related
Ayesha AhmedAYESHA AHMED

DIRECTOR

Total calculated

$0

Hours/week

1
Bryan AlbrechtBRYAN ALBRECHT

DIRECTOR

Total calculated

$0

Hours/week

1
Sue BlockSUE BLOCK

DIRECTOR

Total calculated

$0

Hours/week

1
Joel BurowJOEL BUROW

DIRECTOR

Total calculated

$0

Hours/week

1
Varun ChaudharyVARUN CHAUDHARY

DIRECTOR

Total calculated

$0

Hours/week

1
Deborah FordDEBORAH FORD

DIRECTOR

Total calculated

$0

Hours/week

1
Tamarra ColemanTAMARRA COLEMAN

DIRECTOR

Total calculated

$0

Hours/week

1
Jamie HoganJAMIE HOGAN

DIRECTOR

Total calculated

$0

Hours/week

1
Anthony Jefferson SrANTHONY JEFFERSON SR

DIRECTOR

Total calculated

$0

Hours/week

1
Joshua FergusonJOSHUA FERGUSON

DIRECTOR

Total calculated

$0

Hours/week

1
Aj KeggAJ KEGG

DIRECTOR

Total calculated

$0

Hours/week

1
Jim KinneyJIM KINNEY

DIRECTOR

Total calculated

$0

Hours/week

1
Donna JamiesonDONNA JAMIESON

DIRECTOR

Total calculated

$0

Hours/week

1
Chad NavisCHAD NAVIS

DIRECTOR

Total calculated

$0

Hours/week

1
Aldo PagliariALDO PAGLIARI

DIRECTOR

Total calculated

$0

Hours/week

1
Michael Pitts JrMICHAEL PITTS JR

DIRECTOR

Total calculated

$0

Hours/week

1
Matt PrinceMATT PRINCE

DIRECTOR

Total calculated

$0

Hours/week

1
Wes SaberWES SABER

VICE CHAIR

Total calculated

$0

Hours/week

1
Corey SchultzCOREY SCHULTZ

DIRECTOR

Total calculated

$0

Hours/week

1
Charles SkendzielCHARLES SKENDZIEL

DIRECTOR

Total calculated

$0

Hours/week

1
Maureen SorensenMAUREEN SORENSEN

DIRECTOR

Total calculated

$0

Hours/week

1
Michael ThompsonMICHAEL THOMPSON

DIRECTOR

Total calculated

$0

Hours/week

1
Tom KingTOM KING

DIRECTOR

Total calculated

$0

Hours/week

1
Christie LawsonCHRISTIE LAWSON

DIRECTOR

Total calculated

$0

Hours/week

1
Bethany OrmsethBETHANY ORMSETH

DIRECTOR

Total calculated

$0

Hours/week

1
Wayne WehkingWAYNE WEHKING

DIRECTOR

Total calculated

$0

Hours/week

1
Jeff WeissJEFF WEISS

DIRECTOR

Total calculated

$0

Hours/week

1
Tom MooreTOM MOORE

DIRECTOR

Total calculated

$0

Hours/week

1
Todd BattleTODD BATTLE

PRESIDENT

Total calculated

$396,228

From this org

$341,932

From related orgs

$0

Other

$54,296

Hours/week

40 + 1 related

Schedule J breakdown matched by us

Base

$231,326

Bonus

$63,000

Other

$47,606

Deferred

$20,500

Nontaxable benefits

$33,796

Filer's total

$396,228
Heather WesslingHEATHER WESSLING

VICE PRESIDENT OF ECONOMIC

Total calculated

$150,411

From this org

$141,897

From related orgs

$0

Other

$8,514

Hours/week

40 + 1 related

Schedule J breakdown matched by us

Base

$141,897

Bonus

$0

Other

$0

Deferred

$8,514

Nontaxable benefits

$0

Filer's total

$150,411
Brock PortiliaBROCK PORTILIA

DIRECTOR OF FINANCE AND AD

Total calculated

$147,540

From this org

$120,437

From related orgs

$0

Other

$27,103

Hours/week

40 + 1 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

2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Written employment contract
3 · Compensation survey or study
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
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

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.

KENOSHA AREA BUSINESS ALLIANCE FOUNDATION INC

501(C)(3) · EDUCATION FOUNDATION · WI · controlled entity

Directly controlled by KENOSHA AREA BUSINESS ALLIANCE INC

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

KABA BUILDING LLC

BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA CO · WI · income $168,286 · assets $1,472,670

Directly controlled by KENOSHA AREA BUSINESS ALLIANCE INC
KABA DEVELOPMENT LLC

BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA CO · WI · income $0 · assets $0

Directly controlled by KENOSHA AREA BUSINESS ALLIANCE INC
SALEM BUSINESS PARK LLC

BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA CO · WI · income $0 · assets $3,182,818

Directly controlled by KENOSHA AREA BUSINESS ALLIANCE INC
SALEM BUILDING #1 LLC

BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA CO · WI · income $393,498 · assets $10,486,253

Directly controlled by KENOSHA AREA BUSINESS ALLIANCE INC
SALEM BUILDING #2 LLC

BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA CO · WI · income $295,750 · assets $6,082,072

Directly controlled by KENOSHA AREA BUSINESS ALLIANCE INC

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202343199349321634

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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