- Revenue 2024
- $8,906,648
- Expenses 2024
- $13,984,745
Program services were 71.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- Classification
- 1000
- Street
- 1515 N RIVER CENTER DR
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
Mission
WWBIC OPENS THE DOORS OF OPPORTUNITY BY PROVIDING ANY INDIVIDUALS WHO ARE INTERESTED IN STARTING, STRENGTHENING, OR EXPANDING BUSINESSES WITH ACCESS TO RESOURCES SUCH AS FINANCIAL PRODUCTS AND QUALITY BUSINESS AND PERSONAL FINANCIAL TRAINING.
-
IN FY 2024, WWBIC CLOSED ON 64 LOANS TOTALING $ 7,051,978 DOLLARS IN SMALL BUSINESS AND MICROLOAN PRODUCTS.
Expenses $7,887,428 · Revenue $2,075,497
-
IN FY 2024, WWBIC PROVIDED 29,636 COUNSELING AND TRAINING HOURS TO 4,599 ENTREPRENEURS AND POTENTIAL ENTREPRENEURS. THE VETERANS BUSINESS OUTREACH CENTER PROGRAM TRAINED 383 VETERANS AND MILITARYCONNECTED FAMILY MEMBERS. WWBIC'S MAKE YOUR MONEY TALK FINANCIAL CAPABILITY TRAINING GRADUATED 264 INDIVIDUALS AND OPENED 108 MATCHED SAVINGS ACCOUNTS.
Expenses $1,801,938 · Revenue $1,963,207
-
DURING FY 2024, WWBIC ADMINISTERED A DIVERSE BUSINESS INVESTMENT GRANT.WWBIC ALSO ADMINISTERED A FISCAL SPONSORSHIP PROJECT WHICH SURVEYS BUSINESSES AND ENTREPRENEURIAL SUPPORT ORGANIZATIONS (ESOS). THIS INFORMATION IS COMPILED INTO A REPORT AND FORWARDED TO THE MAIN REPORTING ENTITY TO DEVELOP CAPACITY BUILDING PROGRAMS AND SERVICES TO SUPPORT THE ESOS IN THEIR EFFORTS TO SUPPORT SMALL BUSINESSES.
Expenses $352,690 · Grants $269,497
As filed on the 2024 return.
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.
-
Wendy K BaumannWENDY K BAUMANN
PRESIDENT
- Total calculated
- $211,554
- From this org
- $188,770
- From related orgs
- $0
- Other
- $22,784
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,770
- Bonus
- $0
- Other
- $0
- Deferred
- $5,888
- Nontaxable benefits
- $16,896
- Filer's total
- $211,554
-
Steve SaloutosSTEVE SALOUTOS
PAST CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Johny L Moutry JrJOHNY L MOUTRY JR
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Kate HillKATE HILL
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Kathryn AndreaKATHRYN ANDREA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
John M StewartJOHN M STEWART
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lorissa R BanuelosLORISSA R BANUELOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William ColemanWILLIAM COLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karin GaleKARIN GALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa JohnsonLISA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael McDonaghMICHAEL MCDONAGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kip RitchieKIP RITCHIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon GainesJON GAINES
VP BUSINESS AND FINANCE
- Total calculated
- $182,279
- From this org
- $163,740
- From related orgs
- $0
- Other
- $18,539
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,740
- Bonus
- $0
- Other
- $0
- Deferred
- $4,907
- Nontaxable benefits
- $13,632
- Filer's total
- $182,279
-
Michael HetzelMICHAEL HETZEL
DIRECTOR OF LENDING
- Total calculated
- $147,841
- From this org
- $109,516
- From related orgs
- $0
- Other
- $38,325
- Hours/week
- 40
-
Christina KnudsenCHRISTINA KNUDSEN
VP DEVELOPMENT AND COMMUNITY
- Total calculated
- $151,620
- From this org
- $137,662
- From related orgs
- $0
- Other
- $13,958
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,662
- Bonus
- $0
- Other
- $0
- Deferred
- $2,870
- Nontaxable benefits
- $11,088
- Filer's total
- $151,620
-
Heather LuxHEATHER LUX
REGIONAL DIRECTOR- SE
- Total calculated
- $131,832
- From this org
- $112,714
- From related orgs
- $0
- Other
- $19,118
- Hours/week
- 40
-
Kimberly ZeuliKIMBERLY ZEULI
SMALL BUS. FINANCE FWRD PROJ.
- Total calculated
- $258,429
- From this org
- $250,115
- From related orgs
- $0
- Other
- $8,314
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,115
- Bonus
- $0
- Other
- $0
- Deferred
- $7,234
- Nontaxable benefits
- $1,080
- Filer's total
- $258,429
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
- $8,906,648
- Expenses
- $13,984,745
- Contributions
- $4,390,865
- Grants paid
- $269,497
-
2023
- Revenue
- $15,588,925
- Expenses
- $13,421,078
- Contributions
- $10,268,314
- Grants paid
- $3,644,721
-
2022
- Revenue
- $9,606,906
- Expenses
- $9,384,182
- Contributions
- $5,632,560
- Grants paid
- $795,654
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
- $10,583,804
- Expenses
- $9,253,441
- Assets (EOY)
- $42,014,379
-
2020 · 990
- Revenue
- $11,600,651
- Expenses
- $9,704,641
- Assets (EOY)
- $37,286,201
-
2019 · 990
- Revenue
- $8,786,748
- Expenses
- $7,882,609
- Assets (EOY)
- $28,564,269
-
2018 · 990
- Revenue
- $6,770,136
- Expenses
- $6,441,417
- Assets (EOY)
- $27,629,265
-
2017 · 990
- Revenue
- $6,238,888
- Expenses
- $5,677,062
- Assets (EOY)
- $26,001,304
-
2016 · 990
- Revenue
- $6,001,137
- Expenses
- $5,004,420
- Assets (EOY)
- $24,590,935
-
2015 · 990
- Revenue
- $5,175,833
- Expenses
- $4,713,247
- Assets (EOY)
- $21,628,873
-
2014 · 990
- Revenue
- $4,697,887
- Expenses
- $4,611,518
- Assets (EOY)
- $19,416,058
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.
Grants made
-
UW-MADISON DEPOSIT ACCOUNT
$52,000
2022 SMALL BUSINESS ASSISTANCE
-
K&K BARISTA LLC
$18,000
2024 SMALL BUSINESS ASSISTANCE
-
ADVENTURES IN FARMING
$15,000
2022 BREWERS GRANT
-
PICTURE ME LLC
$15,000
2022 SMALL BUSINESS ASSISTANCE
-
PLANTIVORE LLC
$15,000
2022 SMALL BUSINESS ASSISTANCE
-
LIL LO TRUCKING LLC
$12,370
2022 SMALL BUSINESS ASSISTANCE
-
WINDOW OF OPPORTUNITY ENTERPRI
$10,128
2022 SMALL BUSINESS ASSISTANCE
-
CULTURALLY DIVERSE COUNSELING CENTER LLC
$10,000
2024 SMALL BUSINESS ASSISTANCE
-
KENNEDY'S CIRCLE OF WELLNESS
$10,000
2024 SMALL BUSINESS ASSISTANCE
-
FAVORYT BRAND LLC
$10,000
2023 SMALL BUSINESS ASSISTANCE
The 10 largest by cash amount. The API serves every itemized grant.
Grants received
-
$250,000
2024 OPERATING GRANT
-
$200,000
2022 CHARITABLE USES OF THE ORGANIZATION
-
2023 SEE PART IV
-
CENTER FOR COMMUNITY SELF-HELP
$100,000
2023 Charitable Lending
-
$100,000
2022 SUPPORT LENDING AND EDUCATION SERVICES TO UNDERSERVED SMALL BUSINESSES
-
2022 PUBLIC BENEFIT AND COMMUNITY IMPROVEMENT PROGRAM SUPPORT
-
$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
-
CENTER FOR COMMUNITY SELF-HELP
$50,000
2022 Charitable Lending
-
RACINE COMMUNITY FOUNDATION INC
$40,000
2023 TRAINING/TECH ASST FOR CURRENT/POTENTIAL ENTREPRENEURS
-
RACINE COMMUNITY FOUNDATION INC
$40,000
2024 TRAINING & TECH ASST FOR RACINE COUNTY ENTREPRENEURS
The 10 largest by cash amount. The API serves every itemized grant.
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.