Civic Intelligence

Progress Lakeshore Inc

EIN 20-0419691 • 501(c)6 • Manitowoc, WI

Profile

To assist local businesses in their growth in the manitowoc county area and to attract new businesses to the manitowoc county area.

202 North 8th Street Ste 101Manitowoc, WI 54220

progresslakeshore.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.17x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.16x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

23rd percentile

-18%

Higher net margin than 23% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-20%

Faster asset growth than 25% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-16%

Faster revenue growth than 26% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$279,218

Down $68,109 (-20%) from 2023

Liabilities

Down

$46,813

Down $15,340 (-25%) from 2023

Net Assets

Down

$232,405

Down $52,769 (-19%) from 2023

Operations
Liabilities / Revenue82nd percentileNet Margin23rd percentile

Revenue

Down

$298,559

Down $56,523 (-16%) from 2023

Expenses

Down

$351,328

Down $30,692 (-8.0%) from 2023

Net Income

Down

-$52,769

Down $25,831 (-96%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $647,966Liabilities 2010: $21,407Net Assets 2010: $626,5592010Assets 2011: $648,376Liabilities 2011: $2,222Net Assets 2011: $646,1542011Assets 2012: $581,709Liabilities 2012: $6,396Net Assets 2012: $575,3132012Assets 2013: $513,022Liabilities 2013: $6,365Net Assets 2013: $506,6572013Assets 2014: $476,113Liabilities 2014: $9,486Net Assets 2014: $466,6272014Assets 2015: $496,656Liabilities 2015: $5,706Net Assets 2015: $490,9502015Assets 2016: $510,392Liabilities 2016: $9,935Net Assets 2016: $500,4572016Assets 2017: $483,159Liabilities 2017: $12,246Net Assets 2017: $470,9132017Assets 2018: $477,284Liabilities 2018: $10,160Net Assets 2018: $467,1242018Assets 2019: $509,215Liabilities 2019: $14,180Net Assets 2019: $495,0352019Assets 2020: $508,218Liabilities 2020: $4,680Net Assets 2020: $503,5382020Assets 2021: $547,604Liabilities 2021: $9,473Net Assets 2021: $538,1312021Assets 2022: $381,514Liabilities 2022: $69,402Net Assets 2022: $312,1122022Assets 2023: $347,327Liabilities 2023: $62,153Net Assets 2023: $285,1742023Assets 2024: $279,218Liabilities 2024: $46,813Net Assets 2024: $232,4052024

Highlighted filing

2024

Assets$279,218
Liabilities$46,813
Net Assets$232,405
Open 2024 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KExpenses 2010: $250,6672010Expenses 2011: $300,9392011Expenses 2012: $327,7132012Revenue 2013: $281,216Expenses 2013: $349,872Net Income 2013: -$68,6562013Revenue 2014: $317,139Expenses 2014: $357,169Net Income 2014: -$40,0302014Revenue 2015: $277,617Expenses 2015: $253,294Net Income 2015: $24,3232015Revenue 2016: $243,865Expenses 2016: $233,387Net Income 2016: $10,4782016Revenue 2017: $242,723Expenses 2017: $272,267Net Income 2017: -$29,5442017Revenue 2018: $272,740Expenses 2018: $276,529Net Income 2018: -$3,7892018Revenue 2019: $286,309Expenses 2019: $258,398Net Income 2019: $27,9112019Revenue 2020: $251,030Expenses 2020: $244,987Net Income 2020: $6,0432020Revenue 2021: $260,560Expenses 2021: $234,964Net Income 2021: $25,5962021Revenue 2022: $254,689Expenses 2022: $480,708Net Income 2022: -$226,0192022Revenue 2023: $355,082Expenses 2023: $382,020Net Income 2023: -$26,9382023Revenue 2024: $298,559Expenses 2024: $351,328Net Income 2024: -$52,7692024

Highlighted filing

2024

Revenue$298,559
Expenses$351,328
Net Income-$52,769
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$279,218
Liabilities
$46,813
Net assets
$232,405
Revenue
$298,559
Expenses
$351,328
Net income
-$52,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.47$2.32$2.99$3.51$0.53
2023Summary only. Only limited summary data is available for this year.$3.47$0.62$2.85$3.55$3.82$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$0.69$3.12$2.55$4.81$2.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.48$0.09$5.38$2.61$2.35$0.26
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$0.05$5.04$2.51$2.45$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.09$0.14$4.95$2.86$2.58$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.77$0.10$4.67$2.73$2.77$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.83$0.12$4.71$2.43$2.72$0.30
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.10$0.10$5.00$2.44$2.33$0.10
2015Detailed filing. Detailed filing data is available for this year.$4.97$0.06$4.91$2.78$2.53$0.24
2014Summary only. Only limited summary data is available for this year.$4.76$0.09$4.67$3.17$3.57$0.40
2013Detailed filing. Detailed filing data is available for this year.$5.13$0.06$5.07$2.81$3.50$0.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.82$0.06$5.75$3.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.48$0.02$6.46$3.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.48$0.21$6.27$2.51
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.2
Gross Receipts
$319,599
Mission and Program Overview

Mission

To assist local businesses in their growth in the manitowoc county area and to attract new businesses to the manitowoc county area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$278,148$205,370▼ $72,778
Cash and Non-Interest-Bearing Accounts$9,481$24,980▲ $15,499
Land, Buildings, and Equipment, Net$10,995$10,352▼ $643
Other Notes and Loans Receivable, Net$0$7,000▲ $7,000
Accounts Receivable$2,846$6,549▲ $3,703
Prepaid Expenses and Deferred Charges$4,981$1,521▼ $3,460
Total Assets$347,327$279,218▼ $68,109
Other Assets Total$40,876$23,446▼ $17,430
Liabilities
Other Liabilities$40,544$22,966▼ $17,578
Accounts Payable and Accrued Expenses$14,609$13,847▼ $762
Deferred Revenue$7,000$10,000▲ $3,000
Total Liabilities$62,153$46,813▼ $15,340
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$272,174$232,405▼ $39,769
Net Assets With Donor Restrictions$13,000$0▼ $13,000
Total Net Assets Fund Balance$285,174$232,405▼ $52,769
Total Liabilities and Net Assets / Fund Balance$347,327$279,218▼ $68,109

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,616$32,208$35,824
Leasehold Improvements$6,736$7,047$13,783
Other Assets Org$22,105--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Jamie ZastrowExecutive DirectorFT$78,528$78,528

Board Members and Trustees

NameTitle
Eric SitkiewitzBoard Member - President (jan-apr)
Robert SealBoard Member - VP (jan-apr) President (may-dec)
Troy AdamsBoard Member - Vice President (may-dec)
Amy TownsendBoard Member
Angie UlnessBoard Member
Bill SchleiBoard Member
Cory ErlandsonBoard Member
Doug SchwalbeBoard Member
Kaitlin BriceBoard Member
Michael YehBoard Member
Michelle FroehlkeBoard Member
Mylea JuidiciBoard Member
Nick MurrayBoard Member
Ryan KauthBoard Member
Scott FergusonBoard Member
Tanya BomanBoard Member
Todd GloverBoard Member
Greg JagemannBoard Member - April 2024
Michelle SzymikBoard Member - Secretary
Seth ZippererBoard Member - Treasurer
Abbey QuistorfEx Officio
David FunkhouserEx Officio
Judy FerryEx Officio
Justin NickelsEx Officio
Stacy GrunwaldEx Officio
Revenue and Support

Revenue Composition

Contributions and Grants
$276,777
Program Service Revenue
$16,596
Investment Income
$11,344
Other Revenue
$-6,158
All Other Contributions
$151,780
Change in Net Assets
$-52,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$233,189
Other Expenses$118,139
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$136,059
Current Officers, Directors, Trustees, and Key Employees---$78,528
Occupancy---$22,199
Payroll Taxes---$16,821
Fees for Services Accounting---$15,250
Office Expenses---$9,289
Travel---$4,536
Insurance---$3,986
All Other Expenses---$2,647
Advertising---$2,391
Other Expenses---$2,340
Depreciation Depletion---$2,011
Other Employee Benefits---$1,507
Information Technology---$1,446
Conferences and Meetings---$367
Pension Plan Contributions---$274
Fees for Services Legal---$209
Total Functional Expenses$0$0$0$351,328
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,040
Fundraising Gross Income$13,182
Gaming Gross Income$1,150
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Local Box Manitowoc$12,892$7,892$9,986$-2,094
Annual Awards Breakfast$26,790$5,290$5,401$-111
Total Events$39,682$13,182$21,041$-7,859
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$22,966
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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.”

Filing and Contact Details

Filer

Filer Name
Progress Lakeshore Inc
EIN
20-0419691
Phone
9204820540
Address
202 NORTH 8TH STREET STE 101, MANITOWOC, WI 54220

Signing Officer

Name
Robert Seal
Title
President
Phone
9204820540
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Seal
Formed
2004
Legal Domicile
Wi
Voting Board Members
19
Independent Board Members
19
Employees
6
Volunteers
35

Preparer

Firm
Cliftonlarsonallen Llp
Address
100 MARITIME DRIVE SUITE 2B, MANITOWOC, WI 54220
Preparer
Lacey Silbernagel
Phone
9206845500
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“There were no changes to the audit oversight or selection process during the current year.”

Financial Statement Notes

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.”

Raw XML AppendixShowing 400 of 586 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO ASSIST LOCAL BUSINESSES IN THEIR GROWTH IN THE MANITOWOC COUNTY AREA AND TO ATTRACT NEW BUSINESSES TO THE MANITOWOC COUNTY AREA.
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IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT SEAL
IRS990/Form990PartVIISectionAGrp/PersonNm1GREG JAGEMANN
IRS990/Form990PartVIISectionAGrp/PersonNm2JUDY FERRY
IRS990/Form990PartVIISectionAGrp/PersonNm3JUSTIN NICKELS
IRS990/Form990PartVIISectionAGrp/PersonNm4KAITLIN BRICE
IRS990/Form990PartVIISectionAGrp/PersonNm5ABBEY QUISTORF
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL YEH
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHELLE FROEHLKE
IRS990/Form990PartVIISectionAGrp/PersonNm8SETH ZIPPERER
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IRS990/Form990PartVIISectionAGrp/PersonNm12BILL SCHLEI
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IRS990/Form990PartVIISectionAGrp/PersonNm17AMY TOWNSEND
IRS990/Form990PartVIISectionAGrp/PersonNm18TANYA BOMAN
IRS990/Form990PartVIISectionAGrp/PersonNm19NICK MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm20CORY ERLANDSON
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IRS990/Form990PartVIISectionAGrp/PersonNm25JAMIE ZASTROW
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER - VP (JAN-APR) PRESIDENT (MAY-DEC)
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER - APRIL 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt2EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt3EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER - TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER - VICE PRESIDENT (MAY-DEC)
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER - SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER - PRESIDENT (JAN-APR)
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
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IRS990/MissionDesc0TO ASSIST LOCAL BUSINESSES IN THEIR GROWTH IN THE MANITOWOC COUNTY AREA AND TO ATTRACT NEW BUSINESSES TO THE MANITOWOC COUNTY AREA.
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IRS990/PrincipalOfficerNm0ROBERT SEAL
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IRS990/ProgSrvcAccomActy2Grp/Desc0STRIVING 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.
IRS990/ProgSrvcAccomActy3Grp/Desc0SHORTER 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.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PERFECT 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.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1OUR 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.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2FOUNDERS 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.
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