Overview
What is Regional Business Fund Inc?
Regional Business Fund Inc, based in Eau Claire, Wisconsin, serves as a non-profit economic development corporation. Their primary mission is to foster business and economic growth in West Central Wisconsin. They achieve this by providing low-interest loan funds to local businesses that expand within the region, diversify the economy, incorporate new technology, revitalize downtown buildings, and create quality jobs and capital investment. The fund is capitalized through grants from various federal agencies, including the Economic Development Administration and the Department of Housing and Urban Development.
Official website here: www.rbfinc.org
Is Regional Business Fund Inc legitimate?
Regional Business Fund Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Regional Business Fund 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.
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Official website here: www.rbfinc.org
What is the mission statement of Regional Business Fund Inc?
The Regional Business Fund Inc, functioning as a non-profit economic development corporation, is committed to fostering business and economic growth in a specific region. They achieve this by providing low-interest loan funds to businesses that expand within the region, diversify the economy, integrate new technology, revitalize downtown buildings, and ultimately create high-quality jobs and capital investment. The organization's mission is to promote business growth and economic development, thereby contributing positively to the local community.
Official website here: www.rbfinc.org
Who is the CEO of Regional Business Fund Inc?
Clark Yolitz is the President of Regional Business Fund Inc.
Official website here: www.rbfinc.org
What is the revenue of Regional Business Fund Inc?
Regional Business Fund Inc's revenue in 2022 was $728,736.
Official website here: www.rbfinc.org
Who are the executives of Regional Business Fund Inc and what are their salaries?
There 13 volunteers at Regional Business Fund Inc.
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Official website here: www.rbfinc.org
Where can I find the form 990 for Regional Business Fund Inc?
Regional Business Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rbfinc.org
Learn more at the official website: www.rbfinc.org
Mission Statement of Regional Business Fund Inc
Regional Business Fund Inc, as a non-profit economic development corporation, is dedicated to promoting business and economic growth in West Central Wisconsin. Their mission is twofold. Firstly, they offer low-interest loan funds to businesses that choose to expand within the region, aiming to diversify the local economy, introduce new technology, revitalize downtown buildings, and create quality jobs and significant capital investment. This stimulates economic growth and development within the region. Secondly, the organization supports businesses that wish to expand within the region, contributing to a more varied and innovative economic landscape. By providing these resources, Regional Business Fund Inc plays a crucial role in fostering a thriving business environment in West Central Wisconsin.
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Impact
October, 2024
Regional Business Fund Inc has a significant impact on the economy of West Central Wisconsin by promoting business growth and development in the region. It provides low-interest loan funds that enable local businesses to expand operations, implement new technologies, and diversify the economic landscape. This financial support is critical for revitalizing buildings in downtown areas, thereby enhancing community aesthetics and functionality.
Through its initiatives, Regional Business Fund Inc fosters capital investment and the creation of quality jobs, measurably improving the region’s economic vitality. The revolving loan funds are capitalized by federal grants, which helps leverage additional resources for local enterprises. As businesses expand and thrive in the region, they contribute to a more sustainable economy, attracting talent and fostering innovation, leading to long-term community improvement and resilience.
This information is meant to be a general summary of Regional Business Fund 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: $27,311
- Program Service Revenue: $689,166
- Gross Receipts: $728,736
Assets and Liabilities:
- Total Assets: $16,433,874
- Total Liabilities: $98,443
- Net Assets: $16,335,431
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN FEES AND INTEREST
Revenue
$555,460
BAD DEBT RECOVERY
Revenue
$133,706
Organization Details
Founding Year
1995
Phone
(715) 836-2918Principal Officer
Clark Yolitz
Main Address
800 WISCONSIN STREET MAIL BOX 9, EAU CLAIRE, WI, 54703
Website
www.rbfinc.orgNTEE Category
Code: S30 - Community improvement
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