Kenosha Area Business Alliance Foundation Inc
- Assets
- $13.9m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Kenosha, WI
- Founding
- 04/1996
- Data as of
- 12/2023
- EIN
- 39-1842760
Organization Overview
Kenosha Area Business Alliance Foundation Inc is located in Kenosha, WI. The organization was established in 1996. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, 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. Kenosha Area Business Alliance Foundation Inc 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 12/2023, Kenosha Area Business Alliance Foundation Inc generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $661.9k during the year ending 12/2023. While expenses have increased by 19.3% per year over the past 9 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
KENOSHA AREA BUSINESS ALLIANCE FOUNDATION, INC. DEVELOPS EDUCATION INITIATIVES WITH LOCAL KENOSHA SCHOOLS TO INCREASE GRADUATION RATES, IMPROVE THE OVERALL QUALITY OF EDUCATION, AND FOSTER THE BEST EDUCATIONAL SYSTEM IN THE STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE KENOSHA AREA BUSINESS ALLIANCE FOUNDATION, KENOSHA AREA BUSINESS ALLIANCE PLAYS AN ACTIVE ROLE IN THE KENOSHA AREA'S EDUCATION SYSTEM INCLUDING AN ELEMENTARY SCHOOL MENTORING PROGRAM, ANNUAL SCHOLARSHIP AWARDS, AND SUPPORT FOR VARIOUS TECHNOLOGY-RELATED INITIATIVES.
KENOSHA AREA BUSINESS ALLIANCE FOUNDATION MANAGES A SCHOOL-BASED MENTORING PROGRAM THAT EMPOWERS BOTH YOUNG PEOPLE AND THE ADULTS WORKING WITH THEM. VOLUNTEER MENTORS FROM THE KENOSHA AREA BUSINESS COMMUNITY COMMIT 30-45 MINUTES OF THEIR TIME EACH WEEK FOR A THIRD THROUGH FIFTH GRADE OR MIDDLE SCHOOL STUDENT TO WORK ON ACADEMIC AND SOCIAL SKILLS. THE PROGRAM IS DESIGNED TO PROVIDE AT-RISK STUDENTS WITH POSITIVE ADULT ROLE MODELS THAT SPEND TIME WITH THE STUDENT ON A REGULAR BASIS.
THE INSPIRE PROGRAM IS A SERIES OF ACTIVITIES, EVENTS AND RESOURCES DESIGNED TO EMPOWER EXISTING AND EMERGING LEADERS TO CREATE CHANGE IN OUR COMMUNITY AS PART OF THIS PLATFORM, KENOSHA AREA BUSINESS ALLIANCE FOUNDATION HOSTS A ONE-DAY LEADERSHIP EXPERIENCE TO CHALLENGE AND INSPIRE ATTENDEES TO WALK AWAY WITH IDEAS ON HOW THEY CAN BE A BETTER LEADER IN THEIR CAREERS, COMMUNITIES AND PERSONAL LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Swallow Chair | OfficerTrustee | 0.5 | $0 |
Jens Emerson Vice Chair | OfficerTrustee | 0.5 | $0 |
Chris Weyker Secretary | OfficerTrustee | 0.5 | $0 |
Anne Arbas Treasurer | OfficerTrustee | 0.5 | $0 |
Karla Krehbiel Past Chair | OfficerTrustee | 0.5 | $0 |
Nicole Ryf President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,734,855 |
| 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 | $6,734,855 |
| Total Program Service Revenue | $352,105 |
| Investment income | $75,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,186,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $20,000 |
| 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 | $386,191 |
| Pension plan accruals and contributions | $2,204 |
| Other employee benefits | $3,775 |
| Payroll taxes | $2,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,079 |
| Fees for services: Accounting | $7,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,359 |
| Office expenses | $5,572 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,000 |
| Travel | $5,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133,431 |
| Interest | $11,038 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,662 |
| Insurance | $0 |
| All other expenses | $7,700 |
| Total functional expenses | $661,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,200,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,929,614 |
| Investments—publicly traded securities | $729,433 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,865,339 |
| Accounts payable and accrued expenses | $2,514,342 |
| 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 | $3,082,793 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,597,135 |
| Net assets without donor restrictions | $1,574,353 |
| Net assets with donor restrictions | $6,693,851 |
| 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 | $13,865,339 |
Grants Awarded
Over the last fiscal year, Kenosha Area Business Alliance Foundation Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF KENOSHA COUNTY INC PURPOSE: STRIVE PROGRAM | $30,000 |
GATEWAY TECHNICAL COLLEGE FOUNDATION INC PURPOSE: GENERAL SUPPORT | $20,000 |