Regional Business Fund Inc

Organization Overview

Regional Business Fund Inc is located in Eau Claire, WI. The organization was established in 1995. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Business Fund 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 12/2023, Regional Business Fund Inc generated $692.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $447.2k during the year ending 12/2023. 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

THE REGIONAL BUSINESS FUND, INC. IS A NON-PROFIT ECONOMIC DEVELOPMENT CORPORATION WHOSE PURPOSE IS TO PROMOTE BUSINESS AND ECONOMIC DEVELOPMENT IN WEST CENTRAL WISCONSIN. THE REGIONAL BUSINESS FUND, INC. OFFERS LOW INTEREST LOAN FUNDS TO BUSINESSES THAT EXPAND WITHIN THE REGION, DIVERSIFY THE ECONOMY, ADD NEW TECHNOLOGY, REVITALIZE BUILDINGS IN THE REGION'S DOWNTOWNS, AND CREATE QUALITY JOBS AND CAPITAL INVESTMENT IN THE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE RBF, INC. MANAGES REVOLVING LOAN FUNDS THAT PROVIDE LOW-COST FINANCING TO AREA BUSINESSES. THE FUND WAS CAPITALIZED BY GRANTS FROM THE ECONOMIC DEVELOPMENT ADMINISTRATION OF THE U.S. DEPT. OF COMMERCE AND COMMUNITY DEVELOPMENT BLOCK GRANTS AND BROWNFIELDS ECONOMIC DEVELOPMENT INITIATIVE/SPECIAL PROJECT GRANTS OF THE U.S. DEPT. OF HOUSING AND URBAN DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Clark Yolitz
President
$0
Aaron Mork
Vice President
$0
Dan Lytle
Secretary/treasurer
$0
Dale Jorgenson
President (part Year)
$0
Gretchen Hudacek
Vice President (part Year)
$0
Rebecca Reinhardt
Board Member
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$609,544
Investment income $82,707
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 $692,251

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