WBD INC

As filed

Subsection

03

NTEE code

S300

Classification

1000

Street

5202 EASTPARK BLVD STE 109

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $10,393,230

  Expenses

  $9,662,981

  Contributions

  $0

  Grants paid

  $569,065

• 2023

  Revenue

  $9,918,745

  Expenses

  $8,688,638

  Contributions

  $0

  Grants paid

  $248,809

• 2022

  Revenue

  $9,133,880

  Expenses

  $8,213,295

  Contributions

  $0

  Grants paid

  $367,970

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $9,399,155

  Expenses

  $8,330,067

  Assets (EOY)

  $14,868,892

• 2020 · 990

  Revenue

  $8,753,222

  Expenses

  $7,262,941

  Assets (EOY)

  $14,427,798

• 2019 · 990

  Revenue

  $7,624,156

  Expenses

  $6,997,440

  Assets (EOY)

  $11,220,211

• 2018 · 990

  Revenue

  $7,035,810

  Expenses

  $5,856,769

  Assets (EOY)

  $9,377,074

• 2017 · 990

  Revenue

  $6,790,715

  Expenses

  $5,991,162

  Assets (EOY)

  $7,771,141

• 2016 · 990

  Revenue

  $6,802,725

  Expenses

  $5,913,064

  Assets (EOY)

  $7,239,642

• 2014 · 990

  Revenue

  $5,816,589

  Expenses

  $5,784,011

  Assets (EOY)

  $7,453,393

• 2013 · 990

  Revenue

  $5,778,409

  Expenses

  $6,691,764

  Assets (EOY)

  $7,059,124

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $6,549,882

  Assets (EOY)

  $8,290,762

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $5,959,490

  Assets (EOY)

  $8,267,961

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• WISCONSIN VETERANS CHAMBER OF COMMERCE INC

  $150,000

  2024 · 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

  2024 · 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

  2024 · 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

  2024 · SUPPORT GENERAL OPERATIONS TO PROVIDE FINANCIAL CERTANTY AND SUPPORT PROGRAMMING

• SHAKOPEE CHAMBER FOUNDATION

  $50,000

  2024 · HELP IMPLEMENT A WORKFORCE SCHOLARSHIP PROGRAM IN SCOTT COUNTY MN

• UNIVERSITY OF WISCONSIN - EAU CLAIRE FOUNDATION INC

  $50,000

  2024 · 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.

• FOR-M FOUNDATION INC

  $50,000

  2023 · SUPPORTING A NUMBER OF AI PROGRAMS DESIGNED TO HELP BUSINESSES BEGIN TO PLAN AND TAKE ADVANTAGE OF AI IN MANUFACTURING

• DULUTH AREA CHAMBER FOUNDATION

  $50,000

  2023 · SUPPORT OF THE WORKFORCE FUND THAT PROVIDES ASSISTANCE IN REMOVING BARRIERS TO EMPLOYMENT

• HMONG AMERICAN PARTNERSHIP

  $50,000

  2023 · SUPPORTING THE BUILD OUT OF A NEW INTAKE STYTEM TO BETTER CONNECT CLIENTS WITH A FULL ARRAY OF SERVICES AT HAP

• MIDDLETON CHAMBER OF COMMERCE FOUNDATION INC

  $50,000

  2023 · SUPPORTING THE BUILDING OF AN INTERFACE WITH MISSION WORKFORCE ALLIANCE TO AID CHAMBERS ACROSS WI IN CONNECTING WITH VETS LEAVING ACTIVE SERVICE

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files