2025-11-10T17:43:37-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 100 MARITIME DRIVE SUITE 2B MANITOWOC WI 54220 990 2024-01-01 200419691 PROGRESS LAKESHORE INC PROG 9204820540 202 NORTH 8TH STREET STE 101 MANITOWOC WI 54220 ROBERT SEAL PRESIDENT 9204820540 2025-11-03 1 0 LACEY SILBERNAGEL P01245590 9206845500 2025-11-03 2024 2025-03-06 01:10:19Z ROBERT SEAL 202 NORTH 8TH STREET STE 101 MANITOWOC WI 54220 319599 0 1 X PROGRESSLAKESHORE.ORG X 2004 WI TO ASSIST LOCAL BUSINESSES IN THEIR GROWTH IN THE MANITOWOC COUNTY AREA AND TO ATTRACT NEW BUSINESSES TO THE MANITOWOC COUNTY AREA. 19 19 6 35 0 0 335299 276777 13111 16596 9863 11344 -3191 -6158 355082 298559 0 0 0 0 229606 233189 0 0 0 152414 118139 382020 351328 -26938 -52769 347327 279218 62153 46813 285174 232405 X TO ASSIST LOCAL BUSINESSES IN THEIR GROWTH IN THE MANITOWOC COUNTY AREA AND TO ATTRACT NEW BUSINESSES TO THE MANITOWOC COUNTY AREA. 0 0 EXCELLENCE IN ECONOMIC DEVELOPMENT AWARDS BREAKFAST IS A CELEBRATION TO RECOGNIZE BUSINESSES AND INDIVIDUALS WHO CREATE A POSITIVE BUSINESS CLIMATE IN MANITOWOC COUNTY. THERE ARE 5 AWARD CATEGORIES: (1) ENTREPRENEURIAL ACHIEVEMENT AWARD, (2) NEIGHBORHOOD DEVELOPMENT AWARD, (3) CORPORATE INVESTMENT AWARD, (4) ECONOMIC ACCELERATOR OF THE YEAR AWARD, AND (5) COMMUNITY ENHANCEMENT AWARD. THIS EVENT DREW APPROXIMATELY 155 PEOPLE, AND 12 AWARDS WERE GIVEN OUT (EACH CATEGORY HAD A WINNER AND AT LEAST ONE HONORABLE MENTION). GUESTS WHO ATTENDED RECEIVED A PROGRAM BOOKLET SUMMARIZING ALL 28 NOMINEES' STORY. STRIVING TO SUPPORT THE SUCCESS OF OUR EARLY-STAGE BUSINESSES, PROGRESS LAKESHORE OFFERS A BUSINESS MENTORING PROGRAM CALLED CIRCLES OF 7, OR C7. BASED ON THE IDEA THAT BUSINESSES LEARN BEST FROM EACH OTHER, A SEASONED LOCAL BUSINESS OWNER IS ASSIGNED TO A GROUP OF SIX EARLY-STAGE BUSINESSES TO FORM A MENTOR-PROTEGE SUPPORT CIRCLE. EACH CIRCLE MEETS MONTHLY FOR NINE MONTHS TO COVER A SPECIFIC CURRICULUM AND OTHER TOPICS BASED ON PARTICIPANTS' NEEDS. THIS PROGRAM RAN FROM SEPTEMBER 2024 - MAY 2025. WE HAD ONE CIRCLE. SHORTER THAN OUR ETP COURSE, OUR ENTREPRENEURIAL BOOT CAMPS ARE DESIGNED TO BE A STARTING POINT FOR EXPLORING THE MINDSET, RESOURCES AND REGULATORY ENVIRONMENT ENTREPRENEURS NEED TO CONSIDER WHEN STARTING A BUSINESS. IN 2024, WE HAD 29 PARTICIPANTS BETWEEN OUR FOUR BOOT CAMPS. WE HAD A GENERAL BUSINESS BOOT CAMP AND THREE FOCUSED BOOT CAMPS ON NON-PROFIT, CHILDCARE AND FOOD. PERFECT YOUR PITCH IS A SERIES OF VIDEOS DESIGNED TO HELP BUDDING ENTREPRENEURS NAIL DOWN THEIR ELEVATOR PITCH, PERFECT SPEAKING IN PUBLIC, AND LEARN THE BASICS OF PITCHING A BUSINESS IDEA, IN PREPARATION FOR PARTICIPATING IN OUR ANNUAL LEVEL UP PITCH CONTEST. THE LEVEL UP PITCH CONTEST IS PRESENTED BY PROGRESS LAKESHORE AND REGIONAL PARTNERS. THE EVENT INCLUDES A PITCH BY EACH ENTREPRENEUR AND A QUESTION-AND-ANSWER PERIOD WITH LOCAL JUDGES. WINNER(S) RECEIVE PRIZE MONEY AND SERVICES. THIS EVENT OFFERS IN PERSON AND LIVE-STREAM VIEWING OPTIONS.THE LEVEL UP PITCH CONTEST HAD 8 PARTICIPANTS. WINNERS (FIRST AND SECOND) WENT ON TO COMPETE AT THE REGIONAL PITCH EVENT. OUR ENTREPRENEUR TRAINING PROGRAM IS AN IMMERSIVE COURSE OFFERED IN CONJUNCTION WITH THE WISCONSIN SMALL BUSINESS DEVELOPMENT CENTER. THE EIGHT-WEEK SESSIONS EQUIP ASPIRING ENTREPRENEURS TO START AND GROW SUCCESSFUL BUSINESSES. PARTICIPANTS ARE PROVIDED WITH INFORMATION, TIPS, EXERCISES, AND TOOLS TO HELP EVALUATE THEIR BUSINESS IDEAS AND DEVELOP THEIR BUSINESS PLANS. THERE WERE 17 INDIVIDUALS WHO PARTICIPANTED IN THIS PROGRAM. THREE OF THE BUSINESSES COMPETED IN OUR PITCH CONTEST AS WELL. FOUNDERS CONNECTION BRINGS TOGETHER SMALL BUSINESS OWNERS TO CONNECT, EXPAND NETWORKS AND GAIN VALUABLE INSIGHTS THAT CAN PROPEL BUSINESSES FORWARD. THE EVENING HIGHLIGHTS LESSONS LEARNED FROM A LOCAL ENTREPRENEUR'S JOURNEY OR A RESOURCE FOR ADDRESSING THE CHALLENGES SMALL BUSINESSES MAY FACE. CONVERSATIONS TAKE PLACE OVER COFFEE, AND THE EVENT CREATES OPPORTUNITY FOR NETWORKING WITH A PURPOSE. NETWORKING EVENTS ARE HELD QUARTERLY. THERE WAS A GRAND TOTAL OF 37 ATTENDEES BETWEEN ALL 4 OF THE EVENTS. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 6 1 0 0 0 0 1 1 0 0 0 0 0 X 19 19 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X JAMIE ZASTROW 9204820540 202 NORTH 8TH STREET SUITE 101 MANITOWOC WI 54220 ROBERT SEAL BOARD MEMBER - VP (JAN-APR) PRESIDENT (MAY-DEC) 1.00 X X 0 0 0 GREG JAGEMANN BOARD MEMBER - APRIL 2024 0.50 X 0 0 0 JUDY FERRY EX OFFICIO 0.25 X 0 0 0 JUSTIN NICKELS EX OFFICIO 0.25 X 0 0 0 KAITLIN BRICE BOARD MEMBER 0.50 X 0 0 0 ABBEY QUISTORF EX OFFICIO 0.25 X 0 0 0 MICHAEL YEH BOARD MEMBER 0.50 X 0 0 0 MICHELLE FROEHLKE BOARD MEMBER 0.50 X 0 0 0 SETH ZIPPERER BOARD MEMBER - TREASURER 1.00 X X 0 0 0 SCOTT FERGUSON BOARD MEMBER 0.50 X 0 0 0 TODD GLOVER BOARD MEMBER 0.50 X 0 0 0 DOUG SCHWALBE BOARD MEMBER 0.50 X 0 0 0 BILL SCHLEI BOARD MEMBER 0.50 X 0 0 0 TROY ADAMS BOARD MEMBER - VICE PRESIDENT (MAY-DEC) 1.00 X X 0 0 0 MICHELLE SZYMIK BOARD MEMBER - SECRETARY 1.00 X 0 0 0 MYLEA JUIDICI BOARD MEMBER 0.50 X 0 0 0 ERIC SITKIEWITZ BOARD MEMBER - PRESIDENT (JAN-APR) 1.00 X X 0 0 0 AMY TOWNSEND BOARD MEMBER 0.50 X 0 0 0 TANYA BOMAN BOARD MEMBER 0.50 X 0 0 0 NICK MURRAY BOARD MEMBER 0.50 X 0 0 0 CORY ERLANDSON BOARD MEMBER 0.50 X 0 0 0 DAVID FUNKHOUSER EX OFFICIO 0.25 X 0 0 0 STACY GRUNWALD EX OFFICIO 0.25 X 0 0 0 RYAN KAUTH BOARD MEMBER 0.50 X 0 0 0 ANGIE ULNESS BOARD MEMBER 0.50 X 0 0 0 JAMIE ZASTROW EXECUTIVE DIRECTOR 40.00 X 78528 0 0 78528 0 0 0 0 0 0 0 26500 98497 151780 14605 276777 ENTREPRENEURIAL 900099 8431 8431 ACCELERATION BREAKFAST 900099 4655 4655 FEES FOR SERVICES 900099 2000 2000 CIRCLE OF SEVEN 900099 760 760 WORKFORCE 900099 750 750 16596 11344 11344 550 0 550 550 550 13182 26500 21040 -7858 -7858 1150 0 1150 1150 298559 17746 0 4036 78528 136059 274 1507 16821 209 15250 2391 9289 1446 22199 4536 367 2011 3986 PROGRAM EXPENSE 34825 BUSINESS DEVELOPMENT 9424 DUES AND SUBSCRIPTIONS 7219 TRAINING AND DEVELOPMEN 2340 2647 351328 X 9481 24980 278148 205370 2846 6549 0 7000 4981 1521 49607 39255 10995 10352 40876 23446 347327 279218 14609 13847 7000 10000 40544 22966 62153 46813 X 272174 232405 13000 0 285174 232405 347327 279218 -52769 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13783 7047 6736 35824 32208 3616 10352 SECURITY DEPOSIT 1341 RIGHT OF USE ASSET 22105 23446 OPERATING LEASE LIABILITY 22966 22966 X PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND AFFILIATE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION AND AFFILIATE HAVE TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND AFFILIATE AND HAVE CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION AND AFFILIATE ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIOD. THE ORGANIZATION AND AFFILIATE WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. ANNUAL AWARDS BREAKFAST 26790 21500 5290 3738 5401 LOCAL BOX MANITOWOC 12892 5000 7892 1916 9986 39682 26500 13182 5654 15387 21041 -7859 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, IF NEEDED, CAN PERFORM AN ACT OF AUTHORITY ON BEHALF OF THE GOVERNING BODY. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE ON THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A THE MAYOR OF THE CITY OF MANITOWOC IS ABLE TO APPOINT ONE MEMBER OF THEIR CITY COUNCIL TO OUR BOARD OF DIRECTORS. THAT APPOINTMENT PERSON DOES HAVE FULL VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7B ALL NEW BOARD MEMBERS ARE FIRST APPROVED BY THE GOVERNANCE COMMITTEE PRIOR TO THEM GETTING FINAL APPROVAL BY THE BOARD OF DIRECTORS. THIS IS THE SAME WITH BOARD OFFICER ELECTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS THE AUDIT COMMITTEE REVIEW AND APPROVE THE 990. ONCE THE 990 IS APPROVED BY THE AUDIT COMMITTEE, THE 990 IS PRESENTED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, COMMITTEE MEMBERS AND EMPLOYEES MUST SUBMIT A SIGNED CONFLICT OF INTEREST STATEMENT. THESE STATEMENTS ARE LOCATED AT THE ORGANIZATION'S LOCATION, AND ARE AVAILABLE UPON REQUEST TO ANY BOARD OR COMMITTEE MEMBER, IN ADDITION THEY ARE ALL PROVIDED TO THE EXECUTIVE DIRECTOR, PRESIDENT AND VICE PRESIDENT. THE CONFLICT OF INTEREST STATEMENTS ARE REVISITED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 A PERFORMANCE REVIEW IS COMPLETED (BY EXEC TEAM FOR EXECUTIVE DIRECTOR AND BY EXEC DIRECTOR FOR EMPLOYEES). IN ADDITION, RESEARCH IS DONE TO FIND COMPARABLE SALARY'S FOR THEIR POSITIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C THERE WERE NO CHANGES TO THE AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE CURRENT YEAR. PROGRESS LAKESHORE FOUNDATION INC 202 NORTH 8TH STREET STE 101 MANITOWOC WI 54220 203512573 TO SUPPORT PROGRESS LAKESHORE, INC. WI 501(C)(3) LINE 12B, II PROGRESS LAKESHORE INC 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PROGRESS LAKESHORE FOUNDATION INC Q 6270 DIRECT EXPENSE