2026-02-25T11:35:40-06:00 2025-09-30 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2024-10-01 391400466 WBD INC WBDI 6088190390 5202 EASTPARK BOULEVARD 109 MADISON WI 53718 RANDAL KYLE CORPORATE OPERATIONS OFFICER 6088190390 2026-02-23 1 1 JASON STEPHENS CPA P01263225 6082744020 2026-02-05 2024 2025-03-06 01:10:19Z DAN SCHNEIDER 5202 EASTPARK BOULEVARD 109 MADISON WI 53718 14138018 0 X WWW.WBD.ORG X 1981 WI ASSIST SMALL BUSINESSES TO OBTAIN CAPITAL FROM THE SBA TO SUPPORT JOB CREATION AND RETENTION. 13 9 58 41 0 0 0 0 9160477 9623697 743793 763782 14475 5751 9918745 10393230 248809 569065 0 0 6951076 7750913 0 0 0 1488753 1343003 8688638 9662981 1230107 730249 20723212 22957192 5535801 6421505 15187411 16535687 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 8242917 569065 9623697 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. 8242917 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 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 55 0 58 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 9 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X RANDAL KYLE 6088190390 5202 EASTPARK BOULEVARD SUITE 109 MADISON WI 53718 DAN SCHNEIDER PRESIDENT & CORPORATE EXECUTIVE OFFICER 40.00 X X 391671 0 39655 PATRICK SCHLOSS CHAIR 1.00 X X 3750 0 0 DAVID BORCHARDT VICE CHAIR 1.00 X X 4238 0 0 BARBARA LAMUE SECRETARY 1.00 X X 3200 0 0 SHAWN WELLNITZ DIRECTOR 1.00 X 0 0 0 WILLIAM MITCHELL DIRECTOR 1.00 X 3500 0 0 STEVEN PETERSON DIRECTOR 1.00 X 4563 0 0 DAVE PROVANCHER DIRECTOR 1.00 X 1400 0 0 THOMAS MEWS DIRECTOR 1.00 X 1500 0 0 PAM CHRISTENSON DIRECTOR 1.00 X 850 0 0 CRAIG ADERHOLD DIRECTOR 1.00 X 4650 0 0 DAN BATTEN DIRECTOR 1.00 X 0 0 0 CHARLIE BAUMAN DIRECTOR 1.00 X 0 0 0 RANDAL KYLE CORPORATE OPERATIONS OFFICER 40.00 X 176396 0 6184 WENDA ROYCRAFT SENIOR VP & CORP CREDIT OFFICER 40.00 X 338257 0 14437 STEPHEN KOHL VP & LOAN OFFICER 40.00 X 216583 0 34501 JASON MONNETT EXECUTIVE VP & SENIOR LOAN OFFICER 40.00 X 291936 0 22022 NICHOLAS DREWSEN VP & LOAN OFFICER 40.00 X 252648 0 12779 LANCE WALTER SENIOR VP MARKETING & COMMUNICATIONS 40.00 X 221810 0 31735 MARCIE MAHUTA SENIOR VP OF FINANCE & ADMIN 40.00 X 208724 0 25234 2125676 0 186547 8 0 1 0 WIPFLI LLP PO BOX 8700 MADISON WI 53713 ACCOUNTING AND IT SERVICES 274429 STAFFORD ROSENBAUM LLP PO BOX 1784 MADISON WI 53701 ATTORNEY FEES 227145 GECK DUEA & OLSON PLLC 4770 WHITE BEAR PKWY SUITE 100 WHITE BEAR LAKE MN 55110 ATTORNEY FEES 196758 3 FEES FROM LENDING ACTIVITIES 522291 8425068 8425068 FLOAT INTEREST EARNED 522291 1056693 1056693 LENDER SERVICES & TRAININGS 522291 135650 135650 ASSUMPTION FEES 522291 6286 6286 9623697 485837 485837 4014751 7982 3744788 0 269963 7982 277945 277945 5751 5751 5751 10393230 9623697 0 769533 569065 569065 1080993 928960 152033 5012861 4307844 705017 723822 622023 101799 540721 464674 76047 392516 337312 55204 14529 14529 23000 23000 58272 58272 66253 66253 185109 159050 26059 314651 265544 49107 321512 276250 45262 75586 64945 10641 95025 81056 13969 64947 55804 9143 59063 50748 8315 CREDIT LOSSES 26603 26603 DUES AND SUBSCRIPTIONS 22570 19392 3178 15883 13647 2236 9662981 8242917 1420064 0 425686 330375 3420379 3339217 2959475 3015693 31068 0 166841 208628 1583778 386301 206065 1197477 12367745 13354768 197831 512093 948122 998941 20723212 22957192 3090650 3578562 10325 14100 2434826 2828843 5535801 6421505 X 15187411 16535687 15187411 16535687 20723212 22957192 730249 618027 0 X 0 1 X 1 0 X 8551161 9303397 8700649 9160477 9623697 45339381 16594 38211 21725 14475 5751 96756 8567755 9341608 8722374 9174952 9629448 45436137 0 0 0 45436137 179681 183370 386950 482400 485837 1718238 179681 183370 386950 482400 485837 1718238 8747436 9524978 9109324 9657352 10115285 47154375 0.96360 0.96870 0.03640 0.03130 X 0 0 0 0 0 0 1 2148 0 0 2148 0 99247 19480 79767 477149 287594 189555 1007382 79227 928155 1197477 APPLICATION DEPOSITS 1813816 OPERATING LEASE LIABILITIES 1015027 2828843 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 NEW NORTH INC 2740 W MASON ST GREEN BAY WI 54303 260114487 501(C)(3) 21000 0 SPONSORSHIP OF REGIONAL BUSINESS PITCH CONTESTS CHAYIL INC 2724 N DOCTOR MLK JR DRIVE STE 206 MILWAUKEE WI 53212 272458881 501(C)(3) 45000 0 SUPPORT PROGRAM EXPANSION, CAPACITY BUILDING AND ENHANCE PROGRAM QUALITY FAMILY FRIENDLY WORKPLACES INC 2466 COUNTY RD DD WOODVILLE WI 54028 842358709 501(C)(3) 50000 0 SUPPORT GENERAL OPERATIONS TO PROVIDE FINANCIAL CERTANTY AND SUPPORT PROGRAMMING SHAKOPEE CHAMBER FOUNDATION 145 1ST AVE SHAKOPEE MN 55379 821897581 501(C)(3) 50000 0 HELP IMPLEMENT A WORKFORCE SCHOLARSHIP PROGRAM IN SCOTT COUNTY MN UNIVERSITY OF WISCONSIN - EAU CLAIRE FOUNDATION INC 221 W MADISON ST SUITE 110A EAU CLAIRE WI 54703 390972350 501(C)(3) 50000 0 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. WISCONSIN ECONOMIC DEVELOPMENT ASSOCIATION INC 563 CARTER COURT SUITE B KIMBERLY WI 54136 510180680 501(C)(6) 100000 0 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 VETERANS CHAMBER OF COMMERCE INC 313 N PLANKINTON AVE SUITE 207 MILWAUKEE WI 53203 474708908 501(C)(6) 150000 0 SUPPORT VETERPRENEUR PROJECT WHICH EQUIPS VETERAN ENTREPRENEURS WITH THE TOOLS, TRAINING AND SUPPORT TO LAUNCH, SUSTAIN AND SCALE THEIR BUSINESSES. WISCONSIN WOMENS BUSINESS INITIATIVE CORPORATION 1533 N RIVERCENTER DRIVE MILWAUKEE WI 53212 391597954 501(C)(3) 64760 0 CONTINUED GROWTH OF KIVA IN SC WI COUNTIES. TRAIN MICROENTERPRISES, COMMUNITY OUTREACH AND KIVA LOANS. FORGAVE LOANS ISSUED TO SUPPORT LOAN LOSS RESERVE 6 2 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS THROUGH COMPLIANCE OF PROGRAM FUNDING SOURCE REQUIREMENTS. X X X X 0 0 0 0 0 0 0 0 0 DAN SCHNEIDER PRESIDENT & CORPORATE EXECUTIVE OFFI 260056 0 100000 0 31615 0 15111 0 24544 0 431326 0 0 0 WENDA ROYCRAFT SENIOR VP & CORP CREDIT OFFICER 217543 0 70000 0 50714 0 12654 0 1783 0 352694 0 0 0 JASON MONNETT EXECUTIVE VP & SENIOR LOAN OFFICER 189876 0 75000 0 27060 0 12301 0 9721 0 313958 0 0 0 NICHOLAS DREWSEN VP & LOAN OFFICER 151106 0 100123 0 1419 0 11376 0 1403 0 265427 0 0 0 LANCE WALTER SENIOR VP MARKETING & COMMUNICATIONS 146761 0 50000 0 25049 0 7191 0 24544 0 253545 0 0 0 STEPHEN KOHL VP & LOAN OFFICER 146581 0 68583 0 1419 0 9957 0 24544 0 251084 0 0 0 MARCIE MAHUTA SENIOR VP OF FINANCE & ADMIN 159416 0 21000 0 28308 0 8471 0 16763 0 233958 0 0 0 RANDAL KYLE CORPORATE OPERATIONS OFFICER 125769 0 45000 0 5627 0 6016 0 168 0 182580 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 5202 EASTPARK BOULEVARD ST 109 MADISON WI 53718 352289288 LOAN UNDERWRITING, SERVICING, AND COMPLIANCE WI 312600 148894 WBD INC