Wisconsin Womens Business Initiative Corporation
Wisconsin Womens Business Initiative Corporation
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About this organization
Mission
WWBIC is a leading innovative statewide economic development corporation that is “Putting Dreams to Work” since 1987. We open the doors of opportunity by providing targeted individuals who are interested in starting, strengthening or expanding businesses with access to critical resources such as responsible financial products and quality business and financial education. We focus on individuals who face barriers in accessing financing or educational support, in particular women, people of color, Veterans and low-income individuals.
About
Direct Lending and assistance for loan package review, approvals, closings, loan servicing and other work to businesses of 131 loans totaling $7,506,900 in financing closed to businesses
Interesting data from their 2020 990 filing
The purpose of the non-profit, as set forth in the filing, is “Provide economic development by providing access to capital including direct lending; one on one individualized business assistance; business education, and asset building financial awareness education with an emphasis on women, people of color, lower incomes, and veterans.”.
When discussing its purpose, they were characterized as: “Provide economic development by providing access to capital including direct lending; one on one individualized business assistance; business education, and asset building financial awareness education with an emphasis on women, people of color, lower incomes, and veterans.”.
- The state in which the non-profit is legally authorized to operate is WI, as reported.
- The filing confirms that the non-profit's address in 2020 was 1533 N RIVERCENTER DRIVE, MILWAUKEE, WI, 53212.
- The form of the non-profit reports 82 employees as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $328,719.
- The remuneration of the CEO of the organization is based on an independent review and approval process.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 10 independent voting members.
- The organization was formed in 1987.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $3,379,943 in salary, compensation, and benefits to its employees.
- The organization pays $225,032 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.