2022-02-14T11:24:58-06:00 2021-09-30 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2020-10-01 391400466 WBD INC WBDI 6088190390 4618 SOUTH BILTMORE LANE MADISON WI 53718 MARCIE MAHUTA SENIOR VP OF FINANCE & ADMIN 6088190390 2022-02-10 1 MARCIE MAHUTA 999009999 JASON STEPHENS CPA P01263225 6082744020 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAN SCHNEIDER 4618 SOUTH BILTMORE LANE MADISON WI 53718 8761336 0 X WWW.WBD.ORG X 1981 WI ASSIST SMALL BUSINESSES TO OBTAIN CAPITAL FROM THE SBA TO SUPPORT JOB CREATION AND RETENTION. 11 10 47 32 0 0 0 0 7446090 8551161 168266 185467 9800 16594 7624156 8753222 406623 176065 0 0 5413519 5918760 0 0 0 1177298 1168116 6997440 7262941 626716 1490281 11220211 14427798 2477963 3241653 8742248 11186145 X WBD IS A BUSINESS FINANCE RESOURCE THAT PROVIDES THE KNOWLEDGE, SERVICES AND ACCESS TO CAPITAL NEEDED TO CREATE JOBS, GROW BUSINESSES AND BUILD COMMUNITIES. 0 0 5765899 176065 8551161 WBD, INC. WAS FORMED TO ASSIST SMALL BUSINESSES IN GAINING ACCESS TO CAPITAL IN ORDER 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 9/30/21, THE SBA 504 PORTFOLIO INCLUDED 1,511 LOANS TOTALING $841,750,991. DURING THE REPORTING PERIOD 313 NEW LOANS WERE AUTHORIZED FOR OVER $270 MILLION AS A PART OF PROJECTS TOTALLING OVER $756 MILLION. THESE PROJECTS ARE PROJECTED TO CREATE AN ADDITIONAL 2,692 JOBS. WBD CURRENTLY PROVIDES ACCESS TO FINANCING FOR THOUSANDS BUSINESSES THROUGHOUT WISCONSIN, IN 14 COUNTIES (LARGELY THE TWIN CITIES AREA) IN MINNESOTA, AND THE BORDER AREAS IN THE UPPER PENINUSLA OF MICHIGAN. SINCE 1981 WBD HAS HELPED CREATE MORE THAN 72,000 JOBS. THIS PAST YEAR, WBD RANKED AS THE 7TH MOST ACTIVE CDC IN THE NATION, BASED ON DOLLAR VOLUME OUT OF ROUGHLY 200 CDCS IN THE U.S. THROUGH OUR LLC AFFILIATE, WBD SERVICE COMPANY, 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 THIER BUSINESS CLIENTS. WDB'S EXPERTISE WITH THE SBA 7(A) AND COMMUNITY REINVESTMENT FUND PROGRAMS, ALONG WITH OTHER NATIONAL, STATE, AND LOCAL PROGRAMS, 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 89 7(A) LOANS VALUED AT OVER $72 MILLION. THESE LOANS SUPPORTED THE CREATION OF 377 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 FIRST AMERICAN CAPITAL CORPORATION. 5765899 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 39 0 47 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X MARCIE MAHUTA 6088190390 4618 SOUTH BILTMORE LANE MADISON WI 53718 STEPHEN KOHL VP & LOAN OFFICER 40.00 X 251014 0 36683 JASON MONNETT SENIOR VP & SENIOR LENDER 40.00 X 194365 0 23334 NICHOLAS DREWSEN VP & LOAN OFFICER 40.00 X 191490 0 22216 LANCE WALTER SENIOR VP MARKETING & COMMUNICATIONS 40.00 X 157326 0 12701 MARCIE MAHUTA SENIOR VP OF FINANCE & ADMINISTRATION 40.00 X 138936 0 19651 RANDAL KYLE DIRECTOR OF GOVERNANCE & COMPLIANCE 40.00 X 515352 0 34161 DAN SCHNEIDER CORPORATE EXECUTIVE OFFICER 40.00 X X 320132 0 56598 WENDA ROYCRAFT SENIOR VP & CORP CREDIT OFFICER 40.00 X 252149 0 22349 BILL MITCHELL CHAIR 1.00 X X 3350 0 0 STEVE PETERSON VICE CHAIR 1.00 X X 3100 0 0 KIM KINDSCHI SECRETARY (THRU MID-NOV) 1.00 X X 3400 0 0 BARB LAMUE SECRETARY (BEG MID-NOV) 1.00 X X 350 0 0 TIM SCHNEIDER DIRECTOR 1.00 X 3950 0 0 PATRICK SCHLOSS DIRECTOR 1.00 X 3500 0 0 DAVE PROVANCHER DIRECTOR 1.00 X 2700 0 0 TOM MEWS DIRECTOR 1.00 X 2150 0 0 CRAIG ADERHOLD DIRECTOR 1.00 X 1250 0 0 PAM CHRISTENSON DIRECTOR 1.00 X 850 0 0 DAVE BORCHARDT DIRECTOR 1.00 X 700 0 0 2046064 0 227693 14 0 1 0 STAFFORD ROSENBAUM LLP PO BOX 1784 MADISON WI 53701 ATTORNEY FEES 484098 WIPFLI LLP PO BOX 8700 MADISON WI 53713 ACCOUNTING AND IT SERVICES 174267 LAW FIRM OF CONWAY OLEJNICZAK & JERRY PO BOX 23200 GREEN BAY WI 54305 LEGAL FEES 163572 3 FEES FROM LENDING ACTIVITIES 522291 8276004 8276004 FLOAT INTEREST EARNED 522291 149382 149382 LENDER SERVICES & TRAININGS 522291 125775 125775 8551161 179681 179681 13900 8114 5786 5786 5786 16594 16594 16594 8753222 8551161 0 202061 176065 176065 1142622 881874 260748 3817089 3058166 758923 371569 297693 73876 281732 225717 56015 305748 244958 60790 6201 6201 32327 32327 42785 42785 6594 5837 757 103519 82937 20582 131177 102641 28536 228837 183339 45498 357585 286488 71097 30633 24547 6086 31392 25146 6246 74495 59684 14811 44358 35539 8819 BAD DEBT EXPENSE 53207 53207 DUES AND SUBSCRIPTIONS 14806 11861 2945 10200 10200 7262941 5765899 1497042 0 668412 530018 3318840 4945870 818448 552281 213308 153751 161878 114098 570099 467668 185039 102431 5823007 7793507 0 168334 31279 67508 11220211 14427798 1790058 2377732 19393 33675 668512 830246 2477963 3241653 X 8742248 11186145 8742248 11186145 11220211 14427798 1490281 953616 0 X 0 1 X 1 0 X 358 260000 140000 0 0 400358 6669470 6386001 6774193 7446090 8551161 35826915 37683 40508 23276 9800 16594 127861 6707511 6686509 6937469 7455890 8567755 36355134 0 0 0 36355134 63543 99043 151654 163894 179681 657815 63543 99043 151654 163894 179681 657815 6771054 6785552 7089123 7619784 8747436 37012949 0.98220 0.98440 0.01780 0.01560 X 33927 21281 12646 386177 312517 73660 149995 133870 16125 102431 APPLICATION DEPOSITS 830246 830246 X PART X, LINE 2: FINANCIAL ACCOUNTING STANDARDS REQUIRE AN ORGANIZATION TO DETERMINE WHETHER IT'S MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THERE ARE NO RECORDED ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 1 WISCONSIN WOMEN'S BUSINESS INITIATIVE CORP 1533 N RIVERCENTER DRIVE MILWAUKEE WI 53212 391597954 501(C)(3) 75000 SUPPORT KIVA GREATER MADISON PROJECT SMALL BUSINESS DEVELOPMENT CENTER AT UW-SUPERIOR OLD MAIN 129 SUPERIOR WI 54880 391805963 UNIVERSITY OF WI 30000 FUNDING TO CREATE AND LAUNCH NEW INCUBATOR PROGRAM IN CONJUNCTION WITH VENTURE HOME ENTREPRENEURSHIP PROGRAM NORTHEAST ENTREPRENEUR FUND INC 202 W SUPERIOR ST STE 311 DULUTH MN 55802 363566632 501(C)(3) 50000 LOAN CAPITAL TO SMALL BUSINESS THAT CREATE AND RETAIN JOBS IN RURAL COUNTIES OF WI AND MN NEW NORTH INC 600 N ADAMS S GREEN BAY WI 54301 260114487 501(C)(3) 13500 FUNDING START UP WEEK ENTREPRENEURIAL PITCH CONTEST IN SEVEN-COUNTY REGION. 4 0 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS THROUGH COMPLIANCE OF PROGRAM FUNDING SOURCE REQUIREMENTS. X X X 0 0 0 0 0 0 0 0 0 STEPHEN KOHL VP & LOAN OFFICER 112979 0 137855 0 180 0 11515 0 25168 0 287697 0 0 0 JASON MONNETT SENIOR VP & SENIOR LENDER 150448 0 41960 0 1957 0 8227 0 15107 0 217699 0 0 0 NICHOLAS DREWSEN VP & LOAN OFFICER 104576 0 86671 0 243 0 8803 0 13413 0 213706 0 0 0 LANCE WALTER SENIOR VP MARKETING & COMMUNICATIONS 125331 0 31500 0 495 0 5327 0 7374 0 170027 0 0 0 MARCIE MAHUTA SENIOR VP OF FINANCE & ADMINISTRATIO 114811 0 25820 0 -1695 0 6080 0 13571 0 158587 0 0 0 RANDAL KYLE DIRECTOR OF GOVERNANCE & COMPLIANCE 190067 0 80750 0 244535 0 8599 0 25562 0 549513 0 0 0 DAN SCHNEIDER CORPORATE EXECUTIVE OFFICER 221567 0 75000 0 23565 0 13898 0 42700 0 376730 0 0 0 WENDA ROYCRAFT SENIOR VP & CORP CREDIT OFFICER 178295 0 54200 0 19654 0 10260 0 12089 0 274498 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED BY THE SENIOR VP OF FINANCE & ADMIN. A FINAL DRAFT OF FORM 990 PROVIDED TO ALL MEMBERS OF THE AUDIT & FINANCE COMMITTEE FOR REVIEW AND TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL. THE COMPLETED FORM 990 IS POSTED TO THE SECURE PORTION OF THE ORGANIZATION'S WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEE SIGNED ACKNOWLEDGEMENTS STATING UNDERSTANDING OF THE POLICY ARE COLLECTED ANNUALLY. BOARD AND COMMITTEE MEMBERS ABSTAIN FROM VOTING ON AN ISSUE IF THERE IS A CONFLICT OR PERCEIVED CONFLICT. U.S. SMALL BUSINESS ADMINSTRATION REGULATORY COMPLIANCE REQUIRE THE ORGANIZATION TO REPORT CONFLICTS OF INTEREST. DIRECTORS RESPOND TO A SURVEY THAT INQUIRES ABOUT OTHER BOARD PARTICIPATION AND INVOLVEMENT. THOSE BOARD RESPONSES ARE REVIEWED TO ASSURE POLICY COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR SETTING THE COMPENSATION OF THE CORPORATE EXECUTIVE OFFICER. A PERIODIC MARKET SURVEY IS CONDUCTED THROUGH USE OF A LABOR CONSULTANT AND USED WHEN REVIEWING EXECUTIVE COMPENSATION. THE COMPENSATION OF THE OTHER MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM IS REVIEWED AND SET BY THE CORPORATE EXECUTIVE OFFICER. THE BOARD, THROUGH APPROVAL OF THE OVERALL OPERATING BUDGET, REVIEWS AND APPROVES COMPENSATION AND BONUS PAYMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. WBD SERVICE COMPANY LLC 4618 SOUTH BILTMORE LANE MADISON WI 53718 352289288 LOAN UNDERWRITING, SERVICING, AND COMPLIANCE WI 179314 268976 WBD INC