Overview
What is Wbd Inc?
Wbd Inc, established in Wisconsin, serves as a nonprofit organization aimed at aiding small businesses in securing capital. This facilitates business growth, job creation, and community development. Their primary tool is the SBA 504 loan, which aligns with the U.S. Small Business Administration's (SBA) objective to support small businesses. At the end of 2022, Wbd Inc managed a portfolio of 1,613 such loans totaling $954 million. Over the reporting period, they authorized 315 new loans worth over $270 million, projected to generate 2,770 new jobs. Wbd Inc's services extend beyond Wisconsin, reaching 14 counties in Minnesota and Wisconsin-border areas in Michigan's Upper Peninsula. Since its inception in 1981, Wbd Inc has contributed to the creation of over 74,000 jobs. During the reporting period, Wbd Inc ranked 7th among Certified Development Companies (CDCs) in the U.S., based on dollar volume. Apart from their core SBA 504 loan program, Wbd Inc offers training and outsourced services to financial institutions and non-bank community development lenders, enhancing their ability to access SBA programs. Through partnerships with various community development and minority chamber organizations, Wbd Inc's affiliate, Wbd Service Company, offers loan servicing and back-office support, strengthening these organizations' capabilities to deliver their services.
Official website here: www.wbd.org
Is Wbd Inc legitimate?
Wbd Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wbd Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $866,811
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,571,478
For more financial information, click here
Official website here: www.wbd.org
What is the mission statement of Wbd Inc?
WBD Inc, as a business finance resource, is committed to assisting small businesses in obtaining capital from the Small Business Administration (SBA). Their mission is to support job creation and retention by providing the necessary knowledge, services, and access to capital. WBD's primary objective is to help small businesses grow, create jobs, and foster community development, primarily through the SBA 504 loan product. By doing so, WBD has contributed to the creation of over 74,000 jobs since its inception in 1981. WBD's success is also reflected in its national ranking as the 7th most active Certified Development Company (CDC) based on dollar volume, indicating its significant role in supporting small businesses nationwide. Additionally, WBD provides outsourced services to financial institutions and community development lenders, increasing their ability to access SBA programs and serve their business clients.
Official website here: www.wbd.org
Who is the CEO of Wbd Inc?
What is the revenue of Wbd Inc?
Who are the executives of Wbd Inc and what are their salaries?
The average compensation at Wbd Inc during 2022 was $102,609. There are 53 employees and 32 volunteers at Wbd Inc.
Here are 18 key members and their salaries:
- Dan Schneider (Corporate Executive Officer) [Trustee/Director]
- Wenda Roycraft (Senior Vp & Corp Credit Officer)
- Stephen Kohl (Vp & Loan Officer)
- Jason Monnett (Senior Vp & Senior Lender)
- Nicholas Drewsen (Vp & Loan Officer)
- Marcie Mahuta (Senior Vp Of Finance & Admin)
- Lance Walter (Senior Vp Marketing & Communications)
- Randal Kyle (Director Of Governance & Compliance)
- Timothy Schneider (Director)
- Patrick Schloss (Vice Chair) [Trustee/Director]
- William Mitchell (Director)
- Steven Peterson (Director)
- Barbara Lamue (Secretary) [Trustee/Director]
- Dave Provancher (Director)
- Thomas Mews (Director)
- Craig Aderhold (Chair) [Trustee/Director]
- David Borchardt (Director)
- Pam Christenson (Director)
Official website here: www.wbd.org
Where can I find the form 990 for Wbd Inc?
The Wbd Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wbd.org
Learn more at the official website: www.wbd.org
Mission Statement of Wbd Inc
Wbd Inc, a business finance resource, is dedicated to assisting small businesses in obtaining capital from the Small Business Administration (SBA). The organization's mission is to support job creation and retention by providing the necessary knowledge, services, and access to capital. Wbd Inc operates with a focus on helping small businesses grow and build communities, with the SBA 504 loan serving as its cornerstone. This loan product, sold nationwide by not-for-profit Certified Development Companies (CDCs), provides long-term, fixed-rate financing to support small businesses and create jobs.
Wbd Inc's success is based on its delivery of the SBA 504 loan. Since its inception in 1981, the organization has played a significant role in creating over 74,000 jobs. During the reporting period, Wbd Inc authorized over $270 million in new loans for projects totaling over $744 million, which are projected to create an additional 2,770 jobs. The organization currently provides financing access to thousands of businesses across various regions, including Wisconsin, Minnesota, and the Upper Peninsula of Michigan.
Wbd Inc's impact extends beyond its core SBA 504 loan program. Through its LLC affiliate, Wbd Service Company, the organization provides outsourced services to financial institutions and non-bank community development lenders for SBA government-sponsored lending programs. This service increases partner institutions' ability to access SBA programs and serve their business clients more effectively. Wbd Inc's expertise in various SBA programs, including the 7(A) and Community Reinvestment Fund programs, delivers value to projects that require financing beyond what is available through the core SBA 504 loan program.
Impact
This information is meant to be a general summary of Wbd Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
WBD Inc's impact is significant in assisting small businesses to obtain capital from the SBA, thereby supporting job creation and retention. With a focus on delivering the SBA 504 product, WBD has facilitated loans totaling nearly $1 billion and authorized new loans for projects worth over $270 million, projected to create thousands of jobs. Since 1981, WBD has played a pivotal role in creating over 74,000 jobs and ranks as one of the most active CDCs in the nation. Additionally, through their LLC affiliate, WBD Service Company, they provide outsourced services to financial institutions and community development lenders, expanding access to SBA programs for businesses. WBD's expertise extends to various national, state, and local programs, offering valuable support beyond fixed asset financing. Through partnerships with community development and minority chamber organizations, WBD Service Company enhances loan servicing and back-office support, strengthening these agencies' impact on their communities. Overall, WBD Inc's mission to provide knowledge, services, and capital for job creation, business growth, and community building is evident in their substantial contributions to economic development.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM LENDING ACTIVITIES
Revenue
$8,742,300
FLOAT INTEREST EARNED
Revenue
$412,409
LENDER SERVICES & TRAININGS
Revenue
$148,688
Organization Details
Founding Year
1981
Phone
(608) 819-0390
Principal Officer
Dan Schneider
Main Address
4618 SOUTH BILTMORE LANE, MADISON, WI, 53718
Website
www.wbd.org
NTEE Category
Code: S300 - Community improvement
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