Nonprofit · EIN 39-1403335
RACINE AREA MANUFACTURERS AND COMMERCE INC
Tax-exempt · RACINE, WI 53403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990 | $2,541,419 | $2,527,202 | $14,217 | $1,229,161 | $351,554 | $877,607 |
| February 29, 2024 | 990 | $2,657,510 | $2,568,812 | $88,698 | $1,183,140 | $319,750 | $863,390 |
Financial details: 990 for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $331,652
- of which government grants
- $233,697
- Program service revenue
- $2,143,304
- Investment income
- $20,039
- Net income from fundraising events
- $14,816
- Net income from gaming
- $2,570
- Other revenue
- $46,424
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $173,800
- Other salaries and wages
- $1,499,577
- Salaries, compensation and benefits (total)
- $2,006,599
- Professional fundraising fees
- $0
- Legal fees
- $847
- Accounting fees
- $88,246
- Occupancy
- $43,629
- Travel
- $9,046
- Depreciation
- $18,066
Balance sheet and other
- Total assets, start of year
- $1,183,140
- Total assets, end of year
- $1,229,161
- Total liabilities, end of year
- $351,554
- Net assets, end of year
- $877,607
- Land, buildings and equipment
- $82,723
- Net assets without donor restrictions
- $874,732
- Net assets with donor restrictions
- $2,875
- Gross unrelated business income
- $26,488
- Gross receipts
- $2,590,988
- Employees
- 43
- Volunteers
- 48
- Year formed
- 1982
- 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 February 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATT MONTEMURRO | PRESIDENT/CEO Officer | 40 | $141,526 | $14,115 |
| SCOTT HESS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN WEAVER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW DODGE | FINANCE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RYAN BRATH | MAR CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN WARREN | PUBLIC POLICY CHAIR Trustee or director | 1 | $0 | $0 |
| DANA CHRISTENSEN | MEMBERSHIP CHAIR Trustee or director | 1 | $0 | $0 |
| LORETTA OLSON | ACTIVITIES CHAIR Trustee or director | 1 | $0 | $0 |
| AARON SPITZNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM PONTIOUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALI HAIGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRETT EKES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRISTA KRUSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONNA OWENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK STERBIN JR | DIRECTOR Trustee or director | 1 | $0 |
| HELEN T MAY | DIRECTOR Trustee or director | 1 | $0 |
| HOPE OTTO | DIRECTOR Trustee or director | 1 | $0 |
| KRISTEN BEGLINGER | DIRECTOR Trustee or director | 1 | $0 |
| TOM SCHAEFER | DIRECTOR Trustee or director | 1 | $0 |
| MARK LEWIS | PRESIDENT/CEO JANUARY 2025 Officer | 40 | $0 |
990 for the year ended February 29, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATT MONTEMURRO | PRESIDENT/CEO Officer | 40 | $142,164 | $13,539 |
| MARK BEHRENS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT HESS | VICE CHAIR/FINANACE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JODY MUNIZ | PUBLIC POLICY CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RYAN BRATH | COMAR CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KRISTEN BEGLINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONNA OWENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANA CHRISTENSEN | MEMBERSHIP CHAIR Trustee or director | 1 | $0 | $0 |
| MIKE CRETTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRISTA KRUSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AARON SPITZNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE LANGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORETTA OLSON | ACTIVITIES CHAIR Trustee or director | 1 | $0 | $0 |
| JOHN WARREN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LIZ POWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM SCHAEFER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANK STERBIN JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF KNUTSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN WEAVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 5TH ST, RACINE, WI 53403-1043
- In care of
- % RAMAC
- Principal officer (990 for 2024)
- MARK LEWIS, 300 FIFTH STREET, RACINE, WI 53403
- Signed the 990
- MARK LEWIS, PRESIDENT/CEO
- Phone
- (262) 634-1931
- Website
- WWW.RACINECHAMBER.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
RACINE AREA MANUFACTURERS AND COMMERCE (RAMAC) IS RACINE'S BUSINESS CHAMPION SERVING AS A VOICE REPRESENTING THE COMMON INTERESTS OF EVERY ORGANIZATION IN RACINE - SMALL AND LARGE, INDUSTRIAL AND RETAIL, FOR PROFIT AND NONPROFIT. IN SUPPORT OF ITS BROAD AND DIVERSE MEMBERSHIP BASE, RAMAC OFFERS A VARIETY OF PRO-BUSINESS AND PRO-COMMUNITY PROGRAMS AND INITIATIVES. THESE PROGRAMS AIM TO IMPROVE THE BUSINESS CLIMATE AND VITALITY OF THE GREATER RACINE AREA.
Program accomplishments
- 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.
- HR SERVICES - TO SUPPORT AND PROVIDE MEMBER SERVICES RELATED TO PAYROLL AND HUMAN RESOURCE NEEDS THAT PROMOTE OUR CORE PROGRAMS SUCH AS WORKFORCE DEVELOPMENT AND EDUCATION.
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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1403335
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,229,161
- Income (IRS master file)
- $2,590,988
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2025 | $2,541,419 | $2,527,202 | $1,229,161 | IRS |
| 990 | February 2024 | $2,657,510 | $2,568,812 | $1,183,140 | XML |
| 990 | February 2023 | $2,380,936 | $2,329,898 | $1,082,846 | IRS |
| 990 | February 2022 | $2,117,988 | $2,060,781 | $1,005,962 | IRS |
| 990 | February 2021 | – | – | – | IRS |
| 990 | February 2020 | – | – | – | IRS |
| 990 | February 2019 | – | – | – | IRS |
| 990 | February 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 39-1403335).
Questions about RACINE AREA MANUFACTURERS AND COMMERCE INC
- What is the EIN of RACINE AREA MANUFACTURERS AND COMMERCE INC?
- The employer identification number (EIN) of RACINE AREA MANUFACTURERS AND COMMERCE INC is 39-1403335.
- Is RACINE AREA MANUFACTURERS AND COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1982.
- Are donations to RACINE AREA MANUFACTURERS AND COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RACINE AREA MANUFACTURERS AND COMMERCE 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 RACINE AREA MANUFACTURERS AND COMMERCE INC due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RACINE AREA MANUFACTURERS AND COMMERCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2025.
- Who is the principal officer of RACINE AREA MANUFACTURERS AND COMMERCE INC?
- The 990 for the year ended February 28, 2025 names MARK LEWIS.
- Who are the officers and directors of RACINE AREA MANUFACTURERS AND COMMERCE INC?
- The 990 for the year ended February 28, 2025 lists 21 people; 1 received compensation from the organization, the highest $141,526 (MATT MONTEMURRO, PRESIDENT/CEO).
- How much revenue does RACINE AREA MANUFACTURERS AND COMMERCE INC have?
- On its 990 for the year ended February 28, 2025 it reported revenue of $2,541,419, expenses of $2,527,202 and total assets of $1,229,161 at year end.
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