Kenosha Area Business Alliance

Organization Overview

Kenosha Area Business Alliance is located in Kenosha, WI. The organization was established in 1984. 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 12/2023, Kenosha Area Business Alliance employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenosha Area Business Alliance is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2023, Kenosha Area Business Alliance generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 4.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

KENOSHA AREA BUSINESS ALLIANCE IS THE LEAD BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA COUNTY AND SUPPORTS AND PROVIDES SERVICES TO ITS MEMBERS AND THE COMMUNITY, HELPING TO ENSURE GROWTH, A ROBUST ECONOMY, AND A POSITIVE BUSINESS CLIMATE FOR THE KENOSHA AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

KENOSHA AREA BUSINESS ALLIANCE MANAGES SEVERAL REVOLVING LOAN FUNDS AIMED AT ATTRACTING NEW BUSINESSES TO AND RETAINING BUSINESSES IN KENOSHA COUNTY, CREATING AND RETAINING JOBS, AND OTHER ECONOMIC DEVELOPMENT ACTIVITIES.WISCONSIN ECONOMIC DEVELOPMENT CORPORATION DISASTER RECOVERY MICROLOAN FUND IS TO PROVIDE LOANS TO BUSINESSES AFFECTED BY DISASTERS, EITHER NATURAL OR MAN-MADE AND ASSIST WITH NECESSARY RESTORATION AND OPERATING EXPENSES. CITY COVID-19 RELIEF FUND A PORTION OF THE FUND REPRESENTS A $500,000 CONTRACT WITH THE CITY OF KENOSHA TO ADMINISTER REVOLVING LOAN FUNDS CONSISTING OF FUNDING PROVIDED BY THE CITY OF KENOSHA. THE PURPOSE OF THE FUND IS TO PROVIDE LOANS TO BUSINESSES TO FOSTER ECONOMIC DEVELOPMENT IN THE KENOSHA LAKESHORE BUSINESS IMPROVEMENT DISTRICT. IF THE COMPANY IS IN BUSINESS ONE YEAR FROM THE LOAN ORIGINATION, THE LOAN WILL BE 100% FORGIVEN. THE OTHER PORTION OF THIS FUND REPRESENTS A $100,000 CONTRACT WITH THE CITY OF KENOSHA TO ADMINISTER REVOLVING LOAN FUNDS CONSISTING OF FUNDING PROVIDED BY THE CITY OF KENOSHA. THE PURPOSE OF THE FUND IS TO PROVIDE ZERO INTEREST LOANS TO BUSINESSES TO FOSTER ECONOMIC DEVELOPMENT IN THE KENOSHA LAKESHORE BUSINESS IMPROVEMENT DISTRICT.


KENOSHA AREA BUSINESS ALLIANCE (KABA) PROVIDES TRAINING OPPORTUNITIES THROUGH AN EXTENSIVE CATALOG OF CLASSES AND HOSTS A NUMBER OF WORKSHOPS ON TIMELY TOPICS AND IS ABLE TO PROVIDE CUSTOMIZED, ONSITE TRAINING AND TEAMBUILDING. KABA ALSO HOSTS NOTEWORTHY MEMBER EVENTS ANNUALLY ON BEHALF OF THE BUSINESS COMMUNITY, INCLUDING KEY ISSUES BREAKFASTS ON CURRENT TOPICS SUCH AS HEALTH CARE AND EDUCATION, NEW MEMBER ORIENTATIONS, AN ECONOMIC FORECAST BREAKFAST, A BUSINESS AWARDS DINNER, AN ANNUAL MEETING, A HOLIDAY SOCIAL, AND MORE. THESE PROGRAMS ARE INFORMATIVE AND RELEVANT AND PROVIDE GREAT NETWORKING OPPORTUNITIES WITH OTHER KENOSHA AREA ORGANIZATIONS.


TO FURTHER ECONOMIC DEVELOPMENT IN A LESS POPULATED AREA AND TO FOSTER GROWTH, KABA PURCHASED A 82 ACRE PARCEL OF LAND IN THE TOWN OF SALEM, KENOSHA COUNTY. KABA AND THE TOWN OF SALEM ARE PARTNERING ON THE DEVELOPMENT OF A BUSINESS PARK. THE BUSINESS PARK DEVELOPMENT WILL PROVIDE BUSINESSES INCENTIVES FOR HIGH IMPACT DEVELOPMENTS FOR JOB CREATION AND ECONOMIC GROWTH. DURING 2017, KABA CONTRUCTED A MANUFACTURING BUILDING AND HAS ENTERED INTO AN INCENTIVIZED 10 YEAR LEASE WITH A COMPANY.


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Board, Officers & Key Employees

Name (title)Compensation
John Swallow
Immediate Past Chair
$0
Jens Emerson
Chair
$0
Chris Weyker
Secretary
$0
Anne Arbas
Treasurer
$0
Sue Block
Director
$0
Joel Burow
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $175,000
All other contributions, gifts, grants, and similar amounts not included above$1,700
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$176,700
Total Program Service Revenue$3,011,461
Investment income $460,642
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $107,065
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,803,368

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