Northwest Wisconsin Business Development Corporation is located in Spooner, WI. The organization was established in 1985. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Wisconsin Business Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Northwest Wisconsin Business Development Corporation generated $89.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $169.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE JOB AND CAPITAL CREATION IN THE PRIVATE SECTOR IN NORTHWEST WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STIMULATE PRIVATE SECTOR JOB CREATION AND CAPITAL FORMATION IN A TEN-COUNTY AREA OF NORTHWESTERN WISCONSIN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Fibert Vice Chairman | OfficerTrustee | 1 | $0 |
Charlie Paulson Chairman | Officer | 1 | $0 |
Donald Strunk Secretary/treasurer | Officer | 1 | $0 |
Mariann Jones Fiscal Manager | Officer | 10 | $0 |
Stephanie Cech Director | Trustee | 1 | $0 |
Molly Knoll Director | Trustee | 1 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $86,763 |
Investment income | $1,039 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $89,093 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $30,372 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $13,916 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $786 |
Travel | $1,204 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,075 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,250 |
All other expenses | $0 |
Total functional expenses | $169,054 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,827,082 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,064 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $2,556,508 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,387,654 |
Accounts payable and accrued expenses | $4,364 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $176,196 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $180,560 |
Net assets without donor restrictions | $163,456 |
Net assets with donor restrictions | $4,043,638 |
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 | $4,387,654 |
Organization Name | Assets | Revenue |
---|---|---|
Credit Unions Chartered In The State Of Michigan Lansing, MI | $943,734,939 | $46,684,897 |
Credit Unions Chartered In The State Of Michigan Flint, MI | $802,734,792 | $36,611,617 |
Filene Research Institute Inc Madison, WI | $14,627,615 | $8,184,489 |
American Association Of Individual Investors Chicago, IL | $3,907,493 | $7,934,060 |
Credit Unions Chartered In The State Of Michigan Grandville, MI | $56,189,015 | $3,931,995 |
Midwestern University Foundation Downers Grove, IL | $61,061,640 | $1,129,249 |
Iowa Independent Bankers Des Moines, IA | $1,000,484 | $761,605 |
Henry Strong Educational Foundation Po Box Chicago, IL | $14,214,951 | $483,093 |
Illinois Ventures For Community Action Springfield, IL | $7,084,723 | $38,041 |
Northwest Wisconsin Business Development Corporation Spooner, WI | $4,387,654 | $89,093 |
Honest Foundation Bloomfield Hills, MI | $89,766 | $110,496 |
Nebraska Medical Education Fund Inc Tabor, IA | $1,016,057 | $61,356 |