2024-12-05T14:07:11-06:00 2024-02-29 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-03-01 391403335 RACINE AREA MANUFACTURERS AND COMMERCE INC RACI 2626341931 300 FIFTH STREET RACINE WI 53403 MATT MONTEMURRO PRESIDENT/CEO 2626341931 2024-12-05 1 1 LAURA SCHWEITZER CPA P01760010 6086628600 2024-12-04 2023 2024-10-15 13:58:12Z MATT MONTEMURRO 300 FIFTH STREET RACINE WI 53403 2707288 0 X WWW.RACINECHAMBER.COM X 1982 WI RACINE'S BUSINESS CHAMPION - TO PROMOTE THE FURTHER DEVELOPMENT OF THE RACINE BUSINESS COMMUNITY AND BE THE VOICE OF THE BUSINESS COMMUNITY. 18 18 50 50 21053 0 1741716 2057389 618976 540982 2733 20159 17511 38980 2380936 2657510 9013 0 0 0 1850064 2085333 0 0 0 470821 483479 2329898 2568812 51038 88698 1082846 1183140 308154 319750 774692 863390 X TO PROMOTE THE FURTHER DEVELOPMENT OF THE RACINE BUSINESS COMMUNITY AND BE THE VOICE OF THE BUSINESS COMMUNITY. 0 0 PUBLIC POLICY - PROMOTE ISSUES IMPORTANT TO THE BUSINESS COMMUNITY; ASSIST MEMBER BUSINESSES WITH PUBLIC POLICY CHALLENGES. TALENT DEVELOPMENT - OFFER RELEVANT AND APPLICABLE TRAINING PROGRAMS ON VARIOUS LEVELS FOR MEMBER BUSINESSES WORKFORCE. BUSINESS DEVELOPMENT - PROVIDE MEMBER-TO-MEMBER MARKETING OPPORTUNITIES; FACILITATE COMMITTEES, ROUNDTABLES AND COMMUNITY DEVELOPMENT ACTIVITIES. NETWORKING - FACILITATE OPPORTUNITIES FOR MEMBERS TO NETWORK WITH ONE ANOTHER. LIVING AS A LEADER - TO PROVIDE A 12-MONTH SERIES WHICH INCLUDES MONTHLY SKILL-BUILDING SESSIONS ALONG WITH MONTHLY ONE-ON-ONE LEADER COACHING. LEADERSHIP RACINE - THE LEADERSHIP RACINE PROGRAM BUILDS COMMUNITY TRUSTEESHIP THROUGH THE DEVELOPMENT OF STRONG, DIVERSE AND KNOWLEDGEABLE LEADERS. THIS 9 MONTH PROGRAM IS DESIGNED TO RECRUIT PROMISING LEADERS AND HELP PREPARE THEM FOR POSITIONS OF PUBLIC INFLUENCE AND DECISIONMAKING IN THE GREATER RACINE AREA. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 12 0 1 50 1 1 1 0 0 0 1 1 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 0 0 X RACINE AREA MANUFACTURERS AND COMMERCE INC 2626341931 300 FIFTH STREET RACINE WI 53403 MARK BEHRENS CHAIR 1.00 X X 0 0 0 SCOTT HESS VICE CHAIR/FINANACE CHAIR 1.00 X X 0 0 0 JODY MUNIZ PUBLIC POLICY CHAIR 1.00 X X 0 0 0 RYAN BRATH COMAR CHAIR 1.00 X X 0 0 0 KRISTEN BEGLINGER DIRECTOR 1.00 X 0 0 0 DONNA OWENS DIRECTOR 1.00 X 0 0 0 DANA CHRISTENSEN MEMBERSHIP CHAIR 1.00 X 0 0 0 MIKE CRETTON DIRECTOR 1.00 X 0 0 0 CRISTA KRUSE DIRECTOR 1.00 X 0 0 0 AARON SPITZNER DIRECTOR 1.00 X 0 0 0 STEVE LANGER DIRECTOR 1.00 X 0 0 0 LORETTA OLSON ACTIVITIES CHAIR 1.00 X 0 0 0 JOHN WARREN DIRECTOR 1.00 X 0 0 0 LIZ POWELL DIRECTOR 1.00 X 0 0 0 TOM SCHAEFER DIRECTOR 1.00 X 0 0 0 FRANK STERBIN JR DIRECTOR 1.00 X 0 0 0 JEFF KNUTSON DIRECTOR 1.00 X 0 0 0 BRIAN WEAVER DIRECTOR 1.00 X 0 0 0 MATT MONTEMURRO PRESIDENT/CEO 40.00 X 142164 0 13539 142164 0 13539 1 0 1 0 0 55214 1990490 11685 2057389 MEMBERSHIP DUES AND AS 900099 428116 428116 MEMBER SERVICES - TRAI 900099 93290 93290 OTHER PROGRAM REVENUE 900099 19576 19576 540982 20159 20159 61395 55214 48938 12457 12457 3760 840 2920 2920 ADVERTISING INCOME 900099 21053 21053 ANNUAL REPORT INCOME 900099 2000 2000 MISCELLANEOUS REVENUE 900099 550 550 23603 2657510 543532 21053 35536 156207 1608293 37552 135725 147556 113 65788 375 122549 5695 34017 34341 34372 8670 2176 18346 5106 TRAINING AND EDUCATION 85164 BUSINESS QUARTERLY PUBL 16892 OTHER PROGRAM EXPENSES 11862 DUES AND SUBSCRIPTIONSS 11170 26843 2568812 126177 142163 551105 640751 138287 145155 97693 106217 2738 2489 26594 24612 650695 552273 115433 98422 24819 23331 1082846 1183140 112108 125487 185862 185524 10184 8739 308154 319750 X 760674 846512 14018 16878 774692 863390 1082846 1183140 88698 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 27000 27000 85651 81313 4338 447177 400633 46544 90867 70327 20540 98422 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AS SET FORTH IN A DETERMINATION LETTER DATED SEPTEMBER 23, 1982, FROM THE INTERNAL REVENUE SERVICE (IRS). IN ADDITION, HAVING QUALIFIED FOR EXEMPTION UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE, THE ORGANIZATION IS ALSO EXEMPT FROM WISCONSIN INCOME TAXES AS PROVIDED IN SECTION 71.01(3)(A) OF THE WISCONSIN STATUTES. THE ORGANIZATION ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAX GUIDANCE, FASB 740, INCOME TAXES, ON MARCH 1, 2011. THE ADOPTION OF THAT GUIDANCE RESULTED IN NO CHANGE TO NET ASSETS AND ACCRUED TAXES. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAWS, AND NEW AUTHORITATIVE RULINGS. AS OF FEBRUARY 29, 2024, MANAGEMENT BELIEVES ALL TAX-RELATED EXPENSES AND BENEFITS HAVE BEEN RECOGNIZED. AS OF FEBRUARY 29, 2024, THE ORGANIZATION HAS NO ACCRUED INTEREST OR PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES A FEDERAL INFORMATION RETURN IN THE U.S. JURISDICTION. NONE OF THE ORGANIZATION'S FEDERAL RETURNS FOR 2023, 2022, OR 2021 ARE CURRENTLY UNDER EXAMINATION. GOLF OUTING 49364 24874 24490 21840 1037 4383 ANNUAL DINNER 44194 20480 23714 10384 190 130 776 1 23051 9860 13191 8169 480 1548 116609 55214 61395 40393 1707 130 6707 48937 12458 0 0 0 MATT MONTEMURRO PRESIDENT/CEO 126164 0 16000 0 0 0 5721 0 7818 0 155703 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF SEVEN BOARD MEMBERS AND TWO RAMAC EMPLOYEES. THE EXECUTIVE COMMITTEE MAY ACT ONLY IN THE ABSENCE OF THE FULL RAMAC BOARD, AND ANY ACTION THEREOF MUST BE CONFIRMED BY THE RAMAC BOARD TO BECOME EFFECTIVE ACTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE WILL REVIEW THE FORM 990 AT A REGULAR MEETING PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR A CONFLICT OF INTEREST POLICY IS REVIEWED AND ALL BOARD MEMBERS MUST 'SIGN OFF' ON THE POLICY. ALL BOARD MEMBERS ARE COVERED UNDER THE POLICY. IF THERE IS A POTENTIAL OR ACTUAL CONFLICT, THE EXECUTIVE COMMITTEE WOULD REVIEW IT AND RESPOND AS NECCESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE DETERMINES COMPENSATION OF TOP MANAGEMENT. THE PRESIDENT/CEO MAKES RECOMMENDATIONS ON COMPENSATION OF KEY EMPLOYEES. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. RACINE AREA MANUFACTURERS AND COMMERCE FOUNDATION INC 300 5TH STREET RACINE WI 53403 391713952 PROMOTES EDUCATION IN THE RACINE AREA WI 501(C)(3) LINE 7 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0