Nonprofit · EIN 39-1400466
WBD INC
Tax-exempt · MADISON, WI 53718
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $10,393,230 | $9,662,981 | $730,249 | $22,957,192 | $6,421,505 | $16,535,687 |
| September 30, 2024 | 990 | $9,918,745 | $8,688,638 | $1,230,107 | $20,723,212 | $5,535,801 | $15,187,411 |
| September 30, 2023 | 990 | $9,133,880 | $8,213,295 | $920,585 | $16,784,755 | $4,292,925 | $12,491,830 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,623,697
- Investment income
- $763,782
- Net gain from sales of assets
- $277,945
- Other revenue
- $5,751
Expenses
- Grants and similar amounts paid
- $569,065
- Compensation of officers, directors and key employees
- $1,080,993
- Other salaries and wages
- $5,012,861
- Salaries, compensation and benefits (total)
- $7,750,913
- Professional fundraising fees
- $0
- Legal fees
- $14,529
- Accounting fees
- $23,000
- Occupancy
- $321,512
- Travel
- $75,586
- Depreciation
- $64,947
- Program services (functional)
- $8,242,917
- Management and general (functional)
- $1,420,064
Balance sheet and other
- Total assets, start of year
- $20,723,212
- Total assets, end of year
- $22,957,192
- Total liabilities, end of year
- $6,421,505
- Net assets, end of year
- $16,535,687
- Land, buildings and equipment
- $1,197,477
- Publicly traded securities
- $13,354,768
- Net assets without donor restrictions
- $16,535,687
- Gross receipts
- $14,138,018
- Employees
- 58
- Volunteers
- 41
- Year formed
- 1981
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAN SCHNEIDER | PRESIDENT & CORPORATE EXECUTIVE OFFICER Trustee or director, Officer | 40 | $391,671 | $39,655 |
| WENDA ROYCRAFT | SENIOR VP & CORP CREDIT OFFICER Officer | 40 | $338,257 | $14,437 |
| JASON MONNETT | EXECUTIVE VP & SENIOR LOAN OFFICER Highest-paid employee | 40 | $291,936 | $22,022 |
| NICHOLAS DREWSEN | VP & LOAN OFFICER Highest-paid employee | 40 | $252,648 | $12,779 |
| LANCE WALTER | SENIOR VP MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $221,810 | $31,735 |
| STEPHEN KOHL | VP & LOAN OFFICER Highest-paid employee | 40 | $216,583 | $34,501 |
| MARCIE MAHUTA | SENIOR VP OF FINANCE & ADMIN Highest-paid employee | 40 | $208,724 | $25,234 |
| RANDAL KYLE | CORPORATE OPERATIONS OFFICER Officer | 40 | $176,396 | $6,184 |
| CRAIG ADERHOLD | DIRECTOR Trustee or director | 1 | $4,650 | $0 |
| STEVEN PETERSON | DIRECTOR Trustee or director | 1 | $4,563 | $0 |
| DAVID BORCHARDT | VICE CHAIR Trustee or director, Officer | 1 | $4,238 | $0 |
| PATRICK SCHLOSS | CHAIR Trustee or director, Officer | 1 | $3,750 | $0 |
| WILLIAM MITCHELL | DIRECTOR Trustee or director | 1 | $3,500 | $0 |
| BARBARA LAMUE | SECRETARY Trustee or director, Officer | 1 | $3,200 | $0 |
| THOMAS MEWS | DIRECTOR Trustee or director | 1 | $1,500 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE PROVANCHER | DIRECTOR Trustee or director | 1 | $1,400 |
| PAM CHRISTENSON | DIRECTOR Trustee or director | 1 | $850 |
| SHAWN WELLNITZ | DIRECTOR Trustee or director | 1 | $0 |
| DAN BATTEN | DIRECTOR Trustee or director | 1 | $0 |
| CHARLIE BAUMAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAN SCHNEIDER | CORPORATE EXECUTIVE OFFICER Trustee or director, Officer | 40 | $376,559 | $36,914 |
| WENDA ROYCRAFT | SENIOR VP & CORP CREDIT OFFICER Officer | 40 | $318,394 | $14,033 |
| JASON MONNETT | SENIOR VP & SENIOR LENDER Highest-paid employee | 40 | $255,654 | $18,951 |
| STEPHEN KOHL | VP & LOAN OFFICER Highest-paid employee | 40 | $219,696 | $29,710 |
| MARCIE MAHUTA | SENIOR VP OF FINANCE & ADMIN Highest-paid employee | 40 | $216,329 | $24,161 |
| LANCE WALTER | SENIOR VP MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $202,659 | $29,217 |
| NICHOLAS DREWSEN | VP & LOAN OFFICER Highest-paid employee | 40 | $202,577 | $10,491 |
| RANDAL KYLE | SENIOR VP-CHIEF OPERATING OFFICER Officer | 40 | $96,154 | $0 |
| WILLIAM MITCHELL | DIRECTOR Trustee or director | 1 | $8,950 | $0 |
| CRAIG ADERHOLD | DIRECTOR Trustee or director | 1 | $4,250 | $0 |
| STEVEN PETERSON | DIRECTOR Trustee or director | 1 | $3,850 | $0 |
| PATRICK SCHLOSS | CHAIR Trustee or director, Officer | 1 | $3,550 | $0 |
| BARBARA LAMUE | SECRETARY Trustee or director, Officer | 1 | $2,800 | $0 |
| DAVID BORCHARDT | VICE CHAIR Trustee or director, Officer | 1 | $2,250 | $0 |
| DAVE PROVANCHER | DIRECTOR Trustee or director | 1 | $1,850 | $0 |
| THOMAS MEWS | DIRECTOR Trustee or director | 1 | $1,350 | $0 |
| PAM CHRISTENSON | DIRECTOR Trustee or director | 1 | $1,200 | $0 |
| SHAWN WELLNITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAN SCHNEIDER | CORPORATE EXECUTIVE OFFICER Trustee or director, Officer | 40 | $385,050 | $88,479 |
| WENDA ROYCRAFT | SENIOR VP & CORP CREDIT OFFICER Officer | 40 | $295,199 | $43,046 |
| JASON MONNETT | SENIOR VP & SENIOR LENDER Highest-paid employee | 40 | $262,741 | $49,772 |
| STEPHEN KOHL | VP & LOAN OFFICER Highest-paid employee | 40 | $249,599 | $43,539 |
| LANCE WALTER | SENIOR VP MARKETING & COMMUNICATIONS Highest-paid employee | 40 | $211,718 | $57,831 |
| MARCIE MAHUTA | SENIOR VP OF FINANCE & ADMIN Highest-paid employee | 40 | $210,680 | $49,897 |
| NICHOLAS DREWSEN | VP & LOAN OFFICER Highest-paid employee | 40 | $228,413 | $21,367 |
| RANDAL KYLE | DIRECTOR OF GOVERNANCE & COMPLIANCE Officer | 8 | $108,705 | $0 |
| CRAIG ADERHOLD | CHAIR Trustee or director, Officer | 1 | $4,188 | $0 |
| WILLIAM MITCHELL | DIRECTOR Trustee or director | 1 | $3,550 | $0 |
| STEVEN PETERSON | DIRECTOR Trustee or director | 1 | $3,500 | $0 |
| PATRICK SCHLOSS | VICE CHAIR Trustee or director, Officer | 1 | $3,450 | $0 |
| BARBARA LAMUE | SECRETARY Trustee or director, Officer | 1 | $2,900 | $0 |
| TIMOTHY SCHNEIDER | DIRECTOR Trustee or director | 1 | $2,563 | $0 |
| THOMAS MEWS | DIRECTOR Trustee or director | 1 | $2,050 | $0 |
| DAVE PROVANCHER | DIRECTOR Trustee or director | 1 | $2,000 | $0 |
| DAVID BORCHARDT | DIRECTOR Trustee or director | 1 | $1,950 | $0 |
| PAM CHRISTENSON | DIRECTOR Trustee or director | 1 | $700 | $0 |
| SHAWN WELLNITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5202 EASTPARK BLVD STE 109, MADISON, WI 53718-2151
- Principal officer (990 for 2024)
- DAN SCHNEIDER, 5202 EASTPARK BOULEVARD 109, MADISON, WI 53718
- Signed the 990
- RANDAL KYLE, CORPORATE OPERATIONS OFFICER
- Phone
- (608) 819-0390
- Website
- WWW.WBD.ORG
- Return prepared by
- WEGNER CPAS LLP
Mission
WBD IS A BUSINESS FINANCE RESOURCE THAT PROVIDES THE KNOWLEDGE, SERVICES AND ACCESS TO CAPITAL NEEDED TO CREATE JOBS, GROW BUSINESSES AND BUILD COMMUNITIES.
Program accomplishments
- WBD, INC. WAS FORMED TO ASSIST SMALL BUSINESSES IN GAINING ACCESS TO CAPITAL TO GROW THEIR BUSINESSES, CREATE JOBS, AND BUILD COMMUNITIES. THE CORNERSTONE OF WBD'S SUCCESS IS THE DELIVERY OF THE SBA 504 PRODUCT. SOLD NATIONWIDE EXCLUSIVELY BY NOT-FOR-PROFIT CERTIFIED DEVELOPMENT COMPANIES (CDC), THE SBA 504 LOAN FULFILLS THE U.S. SMALL BUSINESS ADMINISTRATION'S (SBA) PUBLIC POLICY OBJECTIVE TO SUPPORT SMALL BUSINESSES AND CREATE JOBS IN OUR COMMUNITIES THROUGH LONG-TERM, FIXED RATE FINANCING.AT SEPTEMBER 30,2025, WBD'S SBA 504 PORTFOLIO INCLUDED 1,752 LOANS TOTALING $1,086,292,240. DURING THE REPORTING PERIOD, 184 NEW LOANS WERE AUTHORIZED FOR OVER $191 MILLION AS A PART OF PROJECTS TOTALING OVER $506 MILLION. THESE PROJECTS ARE PROJECTED TO CREATE AN ADDITIONAL 1,132 JOBS. SINCE 1981 WBD HAS HELPED CREATE MORE THAN 79,665 JOBS. THIS PAST YEAR, WBD RANKED AS THE 9TH MOST ACTIVE CDC IN THE NATION, BASED ON NUMBER OF 504 LOANS APPROVED OUT OF ROUGHLY 200 CDCS IN THE U.S. WBD CURRENTLY PROVIDES ACCESS TO FINANCING FOR THOUSANDS OF BUSINESSES THROUGHOUT WISCONSIN, MINNESOTA, AND SERVES WISCONSIN-BORDER AREAS IN THE UPPER PENINSULA OF MICHIGAN. THROUGH OUR LLC AFFILIATE, WBD SERVICE COMPANY, LLC, WE PROVIDE OUTSOURCED SERVICES TO FINANCIAL INSTITUTIONS AND NON-BANK COMMUNITY DEVELOPMENT LENDERS FOR THE SBA GOVERNMENT SPONSORED LENDING PROGRAMS. THROUGH BOTH TRAINING AND OUTSOURCED SERVICES, WBD INCREASES PARTNER INSTITUTIONS' ABILITY TO ACCESS SBA PROGRAMS TO SERVE THEIR BUSINESS CLIENTS. WDB'S EXPERTISE WITH THE SBA 7(A) PROGRAM DELIVERS VALUE FOR PROJECTS THAT NEED MORE THAN FIXED ASSET FINANCING AVAILABLE THROUGH OUR CORE SBA 504 LOAN PROGRAM. DURING THE REPORTING PERIOD, WBD PACKAGED 62- 7(A) LOANS VALUED AT OVER $27 MILLION. THESE LOANS SUPPORTED THE CREATION OF 129 NEW JOBS.ADDITIONALLY, THROUGH OUR PARTNERSHIP WITH VARIOUS COMMUNITY DEVELOPMENT AND MINORITY CHAMBER ORGANIZATIONS, WBD SERVICE COMPANY OFFERS LOAN SERVICING AND BACK-OFFICE SUPPORT ENHANCING THE AGENCIES' ABILITIES TO DELIVER THE SERVICES THEY PROVIDE. THESE AGENCIES INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING: HMONG CHAMBER OF COMMERCE, AFRICAN AMERICAN CHAMBER OF COMMERCE, AND WISCONSIN LATINO CHAMBER OF COMMERCE.Expenses $8,242,917 · grants $569,065 · revenue $9,623,697
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 39-1400466
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S300)
- Assets (IRS master file)
- $22,957,192
- Income (IRS master file)
- $14,138,018
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $10,393,230 | $9,662,981 | $22,957,192 | XML |
| 990 | September 2024 | $9,918,745 | $8,688,638 | $20,723,212 | XML |
| 990 | September 2023 | $9,133,880 | $8,213,295 | $16,784,755 | XML |
| 990 | September 2022 | $9,399,155 | $8,330,067 | $14,868,892 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1400466).
Questions about WBD INC
- What is the EIN of WBD INC?
- The employer identification number (EIN) of WBD INC is 39-1400466.
- Is WBD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to WBD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WBD INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WBD INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WBD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of WBD INC?
- The 990 for the year ended September 30, 2025 names DAN SCHNEIDER.
- Who are the officers and directors of WBD INC?
- The 990 for the year ended September 30, 2025 lists 20 people; 17 received compensation from the organization, the highest $391,671 (DAN SCHNEIDER, PRESIDENT & CORPORATE EXECUTIVE OFFICER).
- How much revenue does WBD INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $10,393,230, expenses of $9,662,981 and total assets of $22,957,192 at year end.
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All nonprofits in MADISON · Wisconsin · Community improvement and capacity building