2024-10-09T12:52:41-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-01-01 391379686 KENOSHA AREA BUSINESS ALLIANCE INC KENO 2626051100 5500 6TH AVENUE 200 KENOSHA WI 53140 BROCK PORTILIA CFO 2626051100 2024-10-02 1 0 KIMBERLY ANDERSON CPA P00188889 6086628600 2024-10-02 2023 2024-10-15 13:58:12Z BROCK PORTILIA 5500 6TH AVENUE 200 KENOSHA WI 53140 4028634 0 X WWW.KABA.COM X 1980 WI KENOSHA AREA BUSINESS ALLIANCE IS THE LEAD BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA COUNTY AND SUPPORTS AND PROVIDES SERVICES TO ITS MEMBERS AND THE COMMUNITY, HELPING TO ENSURE GROWTH, A ROBUST ECONOMY, AND A POSITIVE BUSINESS CLIMATE FOR THE KENOSHA AREA. 28 28 8 36 0 0 183250 176700 5461485 3011461 58484 567707 50500 47500 5753719 3803368 0 0 0 0 1142399 854917 0 0 157700 1452684 1558867 2595083 2413784 3158636 1389584 49967826 50352612 14892885 13888087 35074941 36464525 X KENOSHA AREA BUSINESS ALLIANCE IS THE LEAD BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA COUNTY AND SUPPORTS AND PROVIDES SERVICES TO ITS MEMBERS AND THE COMMUNITY, HELPING TO ENSURE GROWTH, A ROBUST ECONOMY, AND A POSITIVE BUSINESS CLIMATE FOR THE KENOSHA AREA. 0 0 551712 626519 KENOSHA AREA BUSINESS ALLIANCE MANAGES SEVERAL REVOLVING LOAN FUNDS AIMED AT ATTRACTING NEW BUSINESSES TO AND RETAINING BUSINESSES IN KENOSHA COUNTY, CREATING AND RETAINING JOBS, AND OTHER ECONOMIC DEVELOPMENT ACTIVITIES.WISCONSIN ECONOMIC DEVELOPMENT CORPORATION DISASTER RECOVERY MICROLOAN FUND IS TO PROVIDE LOANS TO BUSINESSES AFFECTED BY DISASTERS, EITHER NATURAL OR MAN-MADE AND ASSIST WITH NECESSARY RESTORATION AND OPERATING EXPENSES. CITY COVID-19 RELIEF FUND A PORTION OF THE FUND REPRESENTS A $500,000 CONTRACT WITH THE CITY OF KENOSHA TO ADMINISTER REVOLVING LOAN FUNDS CONSISTING OF FUNDING PROVIDED BY THE CITY OF KENOSHA. THE PURPOSE OF THE FUND IS TO PROVIDE LOANS TO BUSINESSES TO FOSTER ECONOMIC DEVELOPMENT IN THE KENOSHA LAKESHORE BUSINESS IMPROVEMENT DISTRICT. IF THE COMPANY IS IN BUSINESS ONE YEAR FROM THE LOAN ORIGINATION, THE LOAN WILL BE 100% FORGIVEN. THE OTHER PORTION OF THIS FUND REPRESENTS A $100,000 CONTRACT WITH THE CITY OF KENOSHA TO ADMINISTER REVOLVING LOAN FUNDS CONSISTING OF FUNDING PROVIDED BY THE CITY OF KENOSHA. THE PURPOSE OF THE FUND IS TO PROVIDE ZERO INTEREST LOANS TO BUSINESSES TO FOSTER ECONOMIC DEVELOPMENT IN THE KENOSHA LAKESHORE BUSINESS IMPROVEMENT DISTRICT. 311772 435152 KENOSHA AREA BUSINESS ALLIANCE (KABA) PROVIDES TRAINING OPPORTUNITIES THROUGH AN EXTENSIVE CATALOG OF CLASSES AND HOSTS A NUMBER OF WORKSHOPS ON TIMELY TOPICS AND IS ABLE TO PROVIDE CUSTOMIZED, ONSITE TRAINING AND TEAMBUILDING. KABA ALSO HOSTS NOTEWORTHY MEMBER EVENTS ANNUALLY ON BEHALF OF THE BUSINESS COMMUNITY, INCLUDING KEY ISSUES BREAKFASTS ON CURRENT TOPICS SUCH AS HEALTH CARE AND EDUCATION, NEW MEMBER ORIENTATIONS, AN ECONOMIC FORECAST BREAKFAST, A BUSINESS AWARDS DINNER, AN ANNUAL MEETING, A HOLIDAY SOCIAL, AND MORE. THESE PROGRAMS ARE INFORMATIVE AND RELEVANT AND PROVIDE GREAT NETWORKING OPPORTUNITIES WITH OTHER KENOSHA AREA ORGANIZATIONS. 1034233 1930928 TO FURTHER ECONOMIC DEVELOPMENT IN A LESS POPULATED AREA AND TO FOSTER GROWTH, KABA PURCHASED A 82 ACRE PARCEL OF LAND IN THE TOWN OF SALEM, KENOSHA COUNTY. KABA AND THE TOWN OF SALEM ARE PARTNERING ON THE DEVELOPMENT OF A BUSINESS PARK. THE BUSINESS PARK DEVELOPMENT WILL PROVIDE BUSINESSES INCENTIVES FOR HIGH IMPACT DEVELOPMENTS FOR JOB CREATION AND ECONOMIC GROWTH. DURING 2017, KABA CONTRUCTED A MANUFACTURING BUILDING AND HAS ENTERED INTO AN INCENTIVIZED 10 YEAR LEASE WITH A COMPANY. 1897717 0 0 0 1 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 11 0 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BROCK PORTILIA 2626051100 5500 6TH AVE STE 200 KENOSHA WI 53140 JOHN SWALLOW IMMEDIATE PAST CHAIR 1.00 0.50 X X 0 0 0 JENS EMERSON CHAIR 1.00 0.50 X X 0 0 0 CHRIS WEYKER SECRETARY 1.00 0.50 X X 0 0 0 ANNE ARBAS TREASURER 1.00 0.50 X X 0 0 0 SUE BLOCK DIRECTOR 1.00 X 0 0 0 JOEL BUROW DIRECTOR 1.00 X 0 0 0 VARUN CHAUDHARY DIRECTOR 1.00 X 0 0 0 TAMARRA COLEMAN DIRECTOR 1.00 X 0 0 0 JAMIE HOGAN DIRECTOR 1.00 X 0 0 0 ANTHONY JEFFERSON SR DIRECTOR 1.00 X 0 0 0 AJ KEGG DIRECTOR 1.00 X 0 0 0 DONNA JAMIESON DIRECTOR 1.00 X 0 0 0 CHAD NAVIS DIRECTOR 1.00 X 0 0 0 ALDO PAGLIARI DIRECTOR 1.00 X 0 0 0 MICHAEL PITTS JR DIRECTOR 1.00 X 0 0 0 MATT PRINCE DIRECTOR 1.00 X 0 0 0 WES SABER VICE CHAIR 1.00 X X 0 0 0 COREY SCHULTZ DIRECTOR 1.00 X 0 0 0 CHARLES SKENDZIEL DIRECTOR 1.00 X 0 0 0 MAUREEN SORENSEN DIRECTOR 1.00 X 0 0 0 MICHAEL THOMPSON DIRECTOR 1.00 X 0 0 0 TOM KING DIRECTOR 1.00 X 0 0 0 CHRISTIE LAWSON DIRECTOR ENDED 5/23 1.00 X 0 0 0 WAYNE WEHKING DIRECTOR 1.00 X 0 0 0 JEFF WEISS DIRECTOR 1.00 X 0 0 0 TOM MOORE DIRECTOR 1.00 X 0 0 0 BRYAN ALBRECHT DIRECTOR ENDED 1/23 1.00 X 0 0 0 RITU RAJU DIRECTOR 1.00 X 0 0 0 AMAN AHMED DIRECTOR 1.00 X 0 0 0 AYESHA AHMED DIRECTOR ENDED 4/23 1.00 X 0 0 0 JOSHUA FERGUSON DIRECTOR ENDED 4/23 1.00 X 0 0 0 MIKE DENEY DIRECTOR 1.00 X 0 0 0 JIM KINNEY DIRECTOR ENDED 4/23 1.00 X 0 0 0 DEBORAH FORD DIRECTOR ENDED 5/23 1.00 X 0 0 0 SCOTT MENKE DIRECTOR ENDED 12/23 1.00 X 0 0 0 NICOLE RYF PRESIDENT 40.00 1.00 X 142071 0 9021 BROCK PORTILIA CHIEF FINANCIAL OFFICER 40.00 1.00 X 165625 0 33808 307696 0 42829 2 0 1 0 0 175000 1700 176700 RENTAL INCOME 531190 1037410 1037410 SALEM DEVELOPMENT INCO 611430 628940 628940 LOAN FUND INTEREST INC 522291 409334 409334 MEMBERSHIP DUES 611430 304471 304471 GRANT INCOME 561499 234000 234000 397306 397306 3011461 460642 460642 332331 225266 107065 107065 107065 PROV FOR CREDIT LOSSES 522291 47500 47500 47500 3803368 3166026 0 460642 687489 454537 145654 87298 51558 34088 10923 6547 62217 41135 13182 7900 53653 35473 11367 6813 118266 115000 3266 35537 35537 81051 6000 75051 3253 1301 651 1301 33317 21126 5872 6319 43124 36593 3368 3163 68534 45312 14520 8702 2364 1563 501 300 75095 56593 3484 15018 550482 537919 7853 4710 509226 492860 10233 6133 20839 13778 4415 2646 SUBSCRIPTIONS 12029 968 10875 186 MISCELLANEOUS 5750 3471 1615 664 2413784 1897717 358367 157700 1128316 2316508 15106678 14976645 28960 81271 7595 7595 21131187 2412184 19461779 18719003 388784 361939 13845714 13889651 49967826 50352612 914792 374728 64705 64705 13512439 13086715 400949 361939 14892885 13888087 X 16612134 17375365 18462807 19089160 35074941 36464525 49967826 50352612 1389584 0 X 0 1 X 1 1 1 0 1 0 1744132 11209 1755341 17049458 1903336 15146122 2151022 498564 1652458 17362 10284 7078 158004 158004 18719003 PROGRAM RELATED INVESTMENTS 13889651 C 13889651 EMPLOYEE DEFERRED COMPENSATION PLAN 361939 361939 1 X X X X 0 0 0 0 0 0 0 0 0 BROCK PORTILIA CHIEF FINANCIAL OFFICER 125000 0 40625 0 0 0 9919 0 23889 0 199433 0 0 0 NICOLE RYF PRESIDENT 103846 0 28125 0 10100 0 6361 0 2660 0 151092 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE HAS AUTHORITY TO EXECUTE ON DAY TO DAY ACTIVITIES. THE EXECUTIVE COMMITTEE IS MADE UP OF A SMALLER SUBSECTION OF THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE CORPORATION IS OPEN TO ALL INDIVIDUALS, GROUPS, DEVELOPMENT ORGANIZATIONS, CORPORATIONS, PARTNERSHIPS, UNITS OF GOVERNMENT OFFICIALS, AND OTHERS WHO RESIDE IN, OPERATE A BUSINESS IN, OR ARE INTERESTED IN THE DEVELOPMENT OF KENOSHA COUNTY. ANY BUSINESS OR INDIVIDUAL THAT PAYS MEMBERSHIP DUES BECOMES KENOSHA AREA BUSINESS ALLIANCE, INC. MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION'S MEMBERSHIP HAS THE RIGHT TO ELECT THE MEMBERS OF THE CORPORATION'S GOVERNING BODY AT THE ANNUAL MEMBERSHIP MEETING FORM 990, PART VI, SECTION B, LINE 11B THE 990S WILL BE FORMALLY REVEIWED BY THE AUDIT COMMITTEE, THEN SHARED WITH THE BOARD OF DIRECTORS FOR REVIEW, THEN FILED WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE FINANCE COMMITTEE SIGN A CONFLICT OF INTEREST NOTICE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE REVIEWS THE PRESIDENT'S PERFORMANCE AND MAKES DECISIONS ON THE COMPENSATION. THE PRESIDENT PERFORMS REVIEWS OF ALL OTHER EMPLOYEES AND MAKES COMPENSATION ADJUSTMENT AND BONUS DETERMINATIONS. FORM 990, PART VI, SECTION C, LINE 18 ORGANIZATIONAL DOCUMENTS ARE AVAILABLE AT FOUNDATIONCENTER.ORG. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE THROUGH ANNUAL REPORTS. KABA BUILDING LLC 5500 6TH AVE STE 200 KENOSHA WI 531403710 BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA CO WI 168902 1441544 KENOSHA AREA BUSINESS ALLIANCE INC KABA DEVELOPMENT LLC 5500 6TH AVE STE 200 KENOSHA WI 531403710 BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA CO WI 0 0 KENOSHA AREA BUSINESS ALLIANCE INC SALEM BUSINESS PARK LLC 5500 6TH AVE STE 200 KENOSHA WI 531403710 BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA CO WI 500000 3083695 KENOSHA AREA BUSINESS ALLIANCE INC SALEM BUILDING #1 LLC 5500 6TH AVE STE 200 KENOSHA WI 531403710 BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA CO WI 656309 10174907 KENOSHA AREA BUSINESS ALLIANCE INC SALEM BUILDING #2 LLC 5500 6TH AVE STE 200 KENOSHA WI 531403710 BUSINESS ORGANIZATION THAT DRIVES ECONOMIC DEVELOPMENT THROUGHOUT KENOSHA CO WI 302199 5958925 KENOSHA AREA BUSINESS ALLIANCE INC KENOSHA AREA BUSINESS ALLIANCE FOUNDATION INC 5500 6TH AVE STE 200 KENOSHA WI 53140 391842760 EDUCATION FOUNDATION WI 501(C)(3) LINE 10 KENOSHA AREA BUSINESS ALLIANCE INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0