Waukesha County Business Alliance Inc
- Assets
- $1.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 14
- Location
- Waukesha, WI
- Founding
- 11/1942
- Data as of
- 06/2023
- EIN
- 39-0689805
Organization Overview
Waukesha County Business Alliance Inc is located in Waukesha, WI. The organization was established in 1942. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Waukesha County Business Alliance Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waukesha County Business Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Waukesha County Business Alliance Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 4.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DRIVE ECONOMIC GROWTH IN WAUKESHA COUNTY BY ADVOCACY, DEVELOPMENT, ENGAGE AND GROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE WAUKESHA COUNTY BUSINESS ALLIANCE HELD A VARIETY OF PROGRAMS FOR MEMBERS TO BUILD BUSINESS RELATIONSHIPS AND LISTEN TO LEADERSHIP OR EDUCATIONAL SPEAKERS. THESE PROGRAMS INCLUDE: BUSINESS GROWTH & ENGAGEMENT SPEAKER SERIES, PROFESSIONAL WOMEN'S DEVELOPMENT NETWORK, YOUNG PROFESSIONALS OF WAUKESHA COUNTY, ADVOCACY PROGRAMS SUCH AS ECONOMIC DEVELOPMENT, EDUCATION AND WORKFORCE DEVELOPMENT, INFRASTRUCTURE, AND OTHERS. ATTENDANCE AT THESE PROGRAMS RANGES FROM 50 FOR SMALLER PROGRAMS TO OVER 500 FOR LARGER PROGRAMS.
EFFECTIVE LEADERSHIP IS KEY TO ANY COMMUNITY'S SUCCESS AND THE DEVELOPMENT OF EMERGING LEADERS IS ESSENTIAL TO ENSURE THE CONTINUITY OF LEADERS FOR THE FUTURE. LEADERSHIP WAUKESHA COUNTY IS A PROGRAM THAT FOCUSES ON THE DEVELOPMENT OF BUSINESS PROFESSIONALS WHO LIVE OR WORK IN THE GREATER WAUKESHA COUNTY AREA. IN MORE THAN 30 YEARS OF EXISTENCE, OVER 1,100 GRADUATES OF THESE PROGRAMS HAVE STRENGTHENED THEIR PERSONAL AND PROFESSIONAL SKILLS. THE PROGRAM EVOLVES EVERY YEAR TO REFLECT THE CHANGING NEEDS AND TRENDS OF THE BUSINESS WORLD.
THE NUMBER ONE CONCERN WE HEAR FROM THE BUSINESS COMMUNITY IS WORKFORCE. IN A RECENT SURVEY WE CONDUCTED, 73 PERCENT OF BUSINESSES IN WAUKESHA COUNTY REPORTED FINDING A SKILLED WORKFORCE TO BE THE PRIMARY CHALLENGE THEY FACE WHEN STARTING OR GROWING THEIR BUSINESS. WE'RE WORKING TO ADDRESS THE LABOR SHORTAGE TO ENSURE THAT BUSINESSES HAVE ENOUGH EMPLOYEES AND CITIZENS HAVE ACCESS TO JOBS WITH FAMILY-SUSTAINING WAGES. WE'VE CREATED EMPLOYER COLLABORATIVES FOCUSED ON OUR HIGH-DEMAND INDUSTRIES OF MANUFACTURING, CONSTRUCTION AND HEALTHCARE TO ENSURE OUR BUSINESSES HAVE A VOICE IN THE PROCESS AND WE'RE COMING UP WITH SOLUTIONS. WITHIN THOSE COLLABORATIVES WE ARE FOCUSED ON THREE TENETS THAT MAKE UP A COMPREHENSIVE WORKFORCE DEVELOPMENT STRATEGY: ATTRACTING, DEVELOPING AND RETAINING TALENT. THE ALLIANCE PROVIDES PROGRAMMING TO INFORM STUDENTS, EDUCATORS AND PARENTS ABOUT CAREER PATHWAYS AVAILABLE IN WAUKESHA COUNTY DRIVER INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Bacon Chair | OfficerTrustee | 1 | $0 |
Mark Sobczak Chair Elect | OfficerTrustee | 1 | $0 |
Rick Andritsch Vice Chair | OfficerTrustee | 1 | $0 |
Charles Palmer Secretary | OfficerTrustee | 1 | $0 |
Michael Gryczka Treasurer | OfficerTrustee | 1 | $0 |
James Walden Legal Councel | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $495,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,762 |
| Total Program Service Revenue | $878,380 |
| Investment income | $7,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,975 |
| Net Gain/Loss on Asset Sales | -$3,667 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,300 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,559,807 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,178 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $350,643 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $630,172 |
| Pension plan accruals and contributions | $14,522 |
| Other employee benefits | $8,665 |
| Payroll taxes | $71,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,415 |
| Advertising and promotion | $0 |
| Office expenses | $28,250 |
| Information technology | $23,167 |
| Royalties | $0 |
| Occupancy | $133,611 |
| Travel | $5,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $139,133 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,892 |
| Insurance | $15,074 |
| All other expenses | $0 |
| Total functional expenses | $1,518,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,539 |
| Savings and temporary cash investments | $1,293,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,312 |
| Net Land, buildings, and equipment | $352,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,405 |
| Total assets | $1,821,433 |
| Accounts payable and accrued expenses | $55,131 |
| Grants payable | $0 |
| Deferred revenue | $1,009,232 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,064,363 |
| Net assets without donor restrictions | $757,070 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,821,433 |