Overview
What is Kenosha Area Business Alliance Inc?
Kenosha Area Business Alliance Inc is a prominent nonprofit organization situated in Kenosha, Wisconsin. Their primary mission is to foster economic development in the Kenosha County area, promoting a thriving business environment and ensuring growth. They achieve this by administering various revolving loan funds, attracting and retaining businesses, and providing essential services to their members and the local community. Notably, they manage funds aimed at supporting businesses affected by disasters, offering 100% forgiveness after a year, and providing zero-interest loans for business improvement. The alliance's activities are instrumental in maintaining a robust economy and positive business climate in Kenosha.
Official website here: www.kaba.com
What do the Facebook reviews say about Kenosha Area Business Alliance Inc?
Though the Kenosha Area Business Alliance Inc has not yet received an official rating, the three user reviews reflect a positive sentiment regarding its services. The organization is viewed as a top provider in various building solutions, showcasing strengths particularly in access control and architecture design.
Reviewers express a strong endorsement for the Alliance, indicating that it is highly recommended for those seeking professional assistance in these areas. The positive feedback suggests that the nonprofit lives up to its promise of delivering valuable and effective building solutions.
Overall, visitors are clearly satisfied with the services offered, suggesting that the Kenosha Area Business Alliance Inc is well-regarded within its niche.
This AI summary has been generated from reviews found on Facebook.
Is Kenosha Area Business Alliance Inc legitimate?
Kenosha Area Business Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Kenosha Area Business Alliance 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $396,227
Professional Fundraising Fees: $0
Other Salaries and Wages: $533,837
For more financial information, click here
Official website here: www.kaba.com
What is the mission statement of Kenosha Area Business Alliance Inc?
The Kenosha Area Business Alliance serves as the leading organization driving economic development in its region. By supporting its member businesses and the community, its goal is to foster growth, maintain a robust economy, and establish a favorable business climate. The alliance manages various revolving loan funds, aimed at attracting new businesses, retaining existing ones, and promoting economic development activities. Notably, it provides disaster recovery microloans to businesses affected by calamities and offers zero-interest loans to foster economic growth. These initiatives help create and retain jobs, contributing significantly to the region's overall economic development.
Official website here: www.kaba.com
Who is the CEO of Kenosha Area Business Alliance Inc?
Brock Portilia is the Current Past Chair of Kenosha Area Business Alliance Inc.
Official website here: www.kaba.com
What is the revenue of Kenosha Area Business Alliance Inc?
Kenosha Area Business Alliance Inc's revenue in 2022 was $5,753,719.
Official website here: www.kaba.com
Who are the executives of Kenosha Area Business Alliance Inc and what are their salaries?
The average compensation at Kenosha Area Business Alliance Inc during 2022 was $116,258. There are 8 employees and 36 volunteers at Kenosha Area Business Alliance Inc.
Here are 35 key members and their salaries:
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Official website here: www.kaba.com
Where can I find the form 990 for Kenosha Area Business Alliance Inc?
Kenosha Area Business Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kaba.com
Learn more at the official website: www.kaba.com
Mission Statement of Kenosha Area Business Alliance Inc
Kenosha Area Business Alliance, a leading business organization, is committed to driving economic development throughout Kenosha County. Their mission is twofold: firstly, they support and provide services to their members and the community, aiming to ensure a robust economy and a positive business climate in the Kenosha area. Secondly, they work towards fostering growth in the region by managing several revolving loan funds. These funds are designed to attract new businesses, retain existing ones, and create job opportunities, contributing significantly to economic development activities.
In particular, Kenosha Area Business Alliance manages funds such as the Wisconsin Economic Development Corporation Disaster Recovery Microloan Fund, which provides loans to businesses affected by disasters to aid in restoration and operating expenses. They also administer a City of Kenosha COVID-19 Relief Fund, with two portions. One portion, worth $500,000, is a contract to provide loans to businesses in the Kenosha Lakeshore Business Improvement District. If the company is still in business after a year, the loan is 100% forgiven. The other portion, worth $100,000, is also a contract to provide zero-interest loans to businesses in the same district, further bolstering economic development efforts.
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Impact
October, 2024
The Kenosha Area Business Alliance Inc. plays a crucial role in driving economic development in Kenosha County, fostering a robust business environment that benefits both local companies and the wider community. Through its management of various revolving loan funds, the organization attracts new businesses while simultaneously supporting existing ones, thereby creating and retaining jobs within the area.
One of its key initiatives includes the Wisconsin Economic Development Corporation Disaster Recovery Microloan Fund, which provides essential financial support to businesses affected by natural or man-made disasters. This funding assists in recovery efforts, ensuring that companies can restore operations swiftly and effectively.
Additionally, the City COVID-19 Relief Fund exemplifies the Alliance's commitment to economic resilience. With a significant contract with the City of Kenosha, the fund administers loans to bolster economic development in the Kenosha Lakeshore Business Improvement District. By offering loans that can be fully forgiven if businesses remain operational for a year, the Alliance not only encourages job retention but also stimulates growth amid challenging circumstances.
Through these initiatives and its overall mission, the Kenosha Area Business Alliance Inc. significantly enhances the economic landscape of the region, ensuring a positive business climate that supports sustained community improvement and growth.
This information is meant to be a general summary of Kenosha Area Business Alliance Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $58,484
- Program Service Revenue: $5,461,485
- Gross Receipts: $5,753,719
Assets and Liabilities:
- Total Assets: $49,967,826
- Total Liabilities: $14,892,885
- Net Assets: $35,074,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANT INCOME
Revenue
$3,221,000
RENTAL INCOME
Revenue
$767,534
LOAN FUND INTEREST INC
Revenue
$505,056
MEMBERSHIP DUES
Revenue
$322,416
RECOVERED ADVANCES
Revenue
$250,000
Organization Details
Founding Year
1980
Phone
(262) 605-1100Principal Officer
Brock Portilia
Main Address
5500 6TH AVENUE 200, KENOSHA, WI, 53140
Website
www.kaba.comNTEE Category
Code: S30 - Community improvement
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