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Wauwatosa Revolving Loan Fund Corporation

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

EIN: 391679305 ✦ Wauwatosa, WI ✦ Designated as a 501(c)(3)

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Overview

What is Wauwatosa Revolving Loan Fund Corporation?

The Wauwatosa Revolving Loan Fund Corporation is a nonprofit organization situated in Wauwatosa, Wisconsin, with a specific mission to aid local businesses within the city. Their primary activity involves providing loans to these businesses, with the aim to accomplish three objectives: enhancing existing businesses and business neighborhoods, expanding the number of individual businesses, and increasing job opportunities and potential employment. As of the provided information, they have 20 outstanding loans in their portfolio.


Official website here: www.wedc.net

Is Wauwatosa Revolving Loan Fund Corporation legitimate?

Wauwatosa Revolving Loan Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wauwatosa Revolving Loan Fund Corporation 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.wedc.net

What is the mission statement of Wauwatosa Revolving Loan Fund Corporation?

The Wauwatosa Revolving Loan Fund Corporation's mission is centered around supporting local businesses within its operational area. The primary objectives of this organization are to enhance existing businesses and business neighborhoods, expand the number of individual enterprises, and boost employment opportunities and job prospects. By providing loans to eligible businesses, the Wauwatosa Revolving Loan Fund Corporation aims to contribute positively to the local economy and business landscape. As of the provided information, the organization has issued 20 loans.


Official website here: www.wedc.net

Who is the CEO of Wauwatosa Revolving Loan Fund Corporation?

John Ruggini is the President of Wauwatosa Revolving Loan Fund Corporation.


Official website here: www.wedc.net

What is the revenue of Wauwatosa Revolving Loan Fund Corporation?

Wauwatosa Revolving Loan Fund Corporation's revenue in 2022 was $10,780.


Official website here: www.wedc.net

Who are the executives of Wauwatosa Revolving Loan Fund Corporation and what are their salaries?

There 10 volunteers at Wauwatosa Revolving Loan Fund Corporation.


Here are 7 key members and their salaries:


Allen R Wick (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Young (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Browne (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evan Gillmore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Ruggini (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alissa J Peeters (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Moldenhauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wedc.net

Where can I find the form 990 for Wauwatosa Revolving Loan Fund Corporation?

Wauwatosa Revolving Loan Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wedc.net

Learn more at the official website: www.wedc.net

Mission Statement of Wauwatosa Revolving Loan Fund Corporation

The Wauwatosa Revolving Loan Fund Corporation is a nonprofit organization with a mission to support local businesses within its city. Its loan program is designed to achieve three primary objectives: enhancing the existing businesses and neighborhoods, expanding the number of individual businesses, and increasing job opportunities and job prospects. By providing loans to businesses within its geographical location, this corporation aims to foster growth and development within the city, ultimately contributing to its overall economic prosperity.

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Impact




August, 2024

The Wauwatosa Revolving Loan Fund Corporation has a significant impact within the city of Wauwatosa. By providing loans to local businesses, the organization plays a crucial role in improving existing businesses and business neighborhoods. Through their loan program, they help increase the number of individual businesses in the area, ultimately leading to job creation and more job opportunities for residents. Overall, the Wauwatosa Revolving Loan Fund Corporation's efforts contribute to the enhancement and vitality of the local business community, fostering economic growth and community improvement in Wauwatosa.




This information is meant to be a general summary of Wauwatosa Revolving Loan Fund Corporation. 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
$10,780 (2022)
Expenses
$23,389 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,300
  • Program Service Revenue: $7,480
  • Gross Receipts: $10,780

Assets and Liabilities:

  • Total Assets: $924,821
  • Total Liabilities: $7,996
  • Net Assets: $916,825

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Programs

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

LOAN INTEREST

Revenue

$7,380

LOAN APPLICATION FEE

Revenue

$100

Organization Details

Founding Year

1991

Principal Officer

John Ruggini

Main Address

7725 W NORTH AVENUE, WAUWATOSA, WI, 53213

NTEE Category

Code: S310 - Community improvement

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