EIN 39-1597954

Wisconsin Womens Business Initiative Corporation (WWBIC)

IRS 501(c) type
501(c)(3)
Num. employees
77
Year formed
1987
Most recent tax filings
2019-12-01
Description
WWBIC is a leading innovative statewide economic development corporation "Putting Dreams to Work." We focus on individuals who face barriers in accessing traditional financing or resources in pursuit of their dreams and economic well-being.
Total revenues
$8,786,748
2019
Total expenses
$7,882,609
2019
Total assets
$28,564,269
2019
Num. employees
77
2019

Program areas at WWBIC

Direct Lending and assistance for loan package review, approvals, closings, loan servicing and other work to businesses of 131 loans totaling $7,506,900 in financing closed to businesses
Coffee With A Conscience Coffeeshop sales with proceeds used to further program operations
Business Education, including classroom and one-on-one trainings and classes to 5,119 clients and customers

Who funds Wisconsin Womens Business Initiative Corporation (WWBIC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Joseph and Vera Zilber Charitable FoundationSmall Business Education and Development$187,500
Local Initiatives Support CorporationSee Part Iv$171,000
WBDFunding of Loan Loss Reserve That Leverages Wwbic's Ability To Provide Small Business Loans, Support Kiva Greater Madison Project$90,000
...and 11 more grants received
Federal funding details
Federal agencyProgram nameAmount
Small Business AdministrationMICROLOAN PROGRAM$4,280,248
Department of EducationPROMOTING READINESS OF MINORS IN SUPPLEMENTAL SECURITY INCOME$654,976
Department of the TreasuryCOMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM$461,318
...and 28 more federal grants / contracts

Personnel at WWBIC

NameTitleCompensation
Gaines, JonVice President, Business Services and Finance$108,806
William ColemanPresident / Director$0
Kathryn AndreaTreasurer$0
Wendy K. BaumannPresident$140,374
Michael McDonaghChairman$0
...and 1 more key personnel

Financials for WWBIC

RevenuesFYE 12/2019
Total grants, contributions, etc.$6,378,798
Program services$545,658
Investment income and dividends$1,454,434
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$112,796
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$295,062
Total revenues$8,786,748

Form 990s for WWBIC

Fiscal year endingDate received by IRSFormPDF link
2019-122021-04-02990View PDF
2018-122020-07-15990View PDF
2017-122018-11-15990View PDF
2016-122018-01-18990View PDF
2015-122017-01-04990View PDF
...and 5 more Form 990s
Data update history
March 30, 2022
Received grants
Identified 1 new grant, including a grant for $90,000 from WBD
September 23, 2021
Received grants
Identified 10 new grant, including a grant for $187,500 from Joseph and Vera Zilber Charitable Foundation
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 23, 2021
Updated personnel
Identified 1 new personnel
May 2, 2021
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Fundraising eventsState / local levelReceives government fundingManagement and technical assistanceCommunity engagement / volunteeringTax deductible donations
General information
Address
1533 N Rivercenter Dr
Milwaukee, WI 53212
Metro area
Milwaukee-Waukesha, WI
County
Milwaukee County, WI
Website URL
wwbic.com/ 
Phone
(414) 263-5450
Facebook page
WWBIC 
Twitter profile
@wwbic 
IRS details
EIN
39-1597954
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
Free account sign-up

Want updates when WWBIC has new information, or want to find more organizations like Wisconsin Womens Business Initiative Corporation (WWBIC)?

Create free Cause IQ account