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Central Wisconsin Economic

Development Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264682326 ✦ Madison, WI ✦ Designated as a 501(c)(4)

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Overview

What is Central Wisconsin Economic?

Central Wisconsin Economic, formally known as Development Fund Inc., is a nonprofit organization located at 722 Traveler Lane, Madison, Wisconsin. Its primary mission is to offer business loans, aiming to generate and maintain permanent jobs with competitive wages and benefits. Additionally, the organization promotes a diverse range of employment opportunities and works to establish and sustain positive business environments that encourage the growth and retention of existing businesses, as well as attract desirable new ventures to the region.


Official website here: www.cwedfund.com

Is Central Wisconsin Economic legitimate?

Central Wisconsin Economic is a legitimate nonprofit organization registered as a 501(c)(4) entity. Central Wisconsin Economic 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cwedfund.com

What is the mission statement of Central Wisconsin Economic?

The Central Wisconsin Economic, as an organization, is committed to providing business loans that facilitate the creation and retention of permanent jobs with competitive wages and benefits. Their goal is also to promote a diverse range of employment opportunities, fostering a positive and proactive business climate that encourages the retention and expansion of existing businesses. Additionally, they aim to help attract desirable new businesses, contributing to the overall economic growth and development of the business sector.


Official website here: www.cwedfund.com

Who is the CEO of Central Wisconsin Economic?

Adam Rekau is the Board Member of Central Wisconsin Economic.


Official website here: www.cwedfund.com

What is the revenue of Central Wisconsin Economic?

Central Wisconsin Economic's revenue in 2022 was $339,312.


Official website here: www.cwedfund.com

Who are the executives of Central Wisconsin Economic and what are their salaries?

There 22 volunteers at Central Wisconsin Economic.


Here are 19 key members and their salaries:


Gaylene Rhoden (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Pavelski (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimm Weber (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Verdoorn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Steele (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daric Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Kornack (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Kernosky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Donner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tamaya Jo Loewe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Bialecki (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Barg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Egan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Kearns (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Gates (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Knust (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Rekau (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Close (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Grueneberg (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cwedfund.com

Where can I find the form 990 for Central Wisconsin Economic?

Central Wisconsin Economic's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cwedfund.com

Learn more at the official website: www.cwedfund.com

Mission Statement of Central Wisconsin Economic

Central Wisconsin Economic, as a nonprofit organization, is committed to providing business loans that contribute to the creation and retention of permanent jobs offering quality wages and benefits. Their mission is multifaceted, aiming not only to promote a diverse mix of employment opportunities but also to foster positive and proactive business climates that encourage the retention and expansion of existing businesses. This proactive approach also extends to attracting desirable new businesses to the area, thereby bolstering the local economy and job market. By providing these loans and promoting a favorable business environment, Central Wisconsin Economic aims to contribute to the overall growth and development of the community.

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Impact




October, 2024

Central Wisconsin Economic significantly impacts the regional economy by providing business loans aimed at creating and retaining permanent jobs, which are essential for sustainable community growth. By focusing on quality wages and benefits, these initiatives not only improve the livelihood of employees but also enhance the overall economic stability of the area.

The organization promotes a diverse mix of employment opportunities, ensuring that the workforce is well-rounded and adaptable to various industries. This diversity is crucial in fostering resilience within the local economy, allowing it to better withstand economic fluctuations.

Additionally, Central Wisconsin Economic contributes to cultivating a positive and proactive business climate. By encouraging the retention and expansion of existing businesses and attracting new ventures, the organization plays a vital role in creating an ecosystem where businesses can thrive. This not only supports current job holders but also opens doors for new employment opportunities within the community.

The combined efforts of providing financial assistance and promoting a healthy business environment lead to significant community improvements, establishing a foundation for long-term economic prosperity in Madison and the surrounding areas in Wisconsin.




This information is meant to be a general summary of Central Wisconsin Economic. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$339,312 (2022)
Expenses
$143,698 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $143,961
  • Program Service Revenue: $195,351
  • Gross Receipts: $339,312

Assets and Liabilities:

  • Total Assets: $12,345,349
  • Total Liabilities: $0
  • Net Assets: $12,345,349

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST INCOME-LOANS

Revenue

$180,108

LOAN FEES

Revenue

$15,068

OTHER FEES

Revenue

$175

Organization Details

Founding Year

2009

Principal Officer

Adam Rekau

Main Address

722 TRAVELER LANE, MADISON, WI, 53718

NTEE Category

Code: S20 - Community improvement

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