Civic Intelligence

Regional Business Fund Inc

990 • Fiscal year 2015 • EIN 39-1817867

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 26, 2016

Organization ProfileWWW.RBFINC.ORG
800 Wisconsin Street Mail Box 9Eau Claire, WI 54703

(715) 836-2918

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.01x

Higher debt load relative to assets than 6% of similar nonprofits.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

34th percentile

0.25x

Higher debt load relative to revenue than 34% of similar nonprofits.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2015

Net Margin

2nd percentile

-71%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2015

Asset Growth

28th percentile

-1.8%

Faster asset growth than 28% of similar nonprofits.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-78%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$16,859,060

Down $310,011 (-1.8%) from 2014

Net Assets

Down

$16,760,616

Down $278,990 (-1.6%) from 2014

Liabilities

Down

$98,444

Down $31,021 (-24%) from 2014

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin2nd percentile

Revenue

Down

$391,414

Down $1,383,898 (-78%) from 2014

Expenses

Up

$670,404

Up $61,023 (+10%) from 2014

Net Income

Down

-$278,990

Down $1,444,921 (-124%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $17,035,917Liabilities 2010: $126,187Net Assets 2010: $16,909,7302010Assets 2011: $16,283,880Liabilities 2011: $97,095Net Assets 2011: $16,186,7852011Assets 2012: $16,352,433Liabilities 2012: $227,529Net Assets 2012: $16,124,9042012Assets 2013: $16,115,201Liabilities 2013: $241,526Net Assets 2013: $15,873,6752013Assets 2014: $17,169,071Liabilities 2014: $129,465Net Assets 2014: $17,039,6062014Assets 2015: $16,859,060Liabilities 2015: $98,444Net Assets 2015: $16,760,6162015Assets 2016: $15,430,791Liabilities 2016: $84,893Net Assets 2016: $15,345,8982016Assets 2017: $15,282,663Liabilities 2017: $70,860Net Assets 2017: $15,211,8032017Assets 2018: $15,250,304Liabilities 2018: $89,436Net Assets 2018: $15,160,8682018Assets 2019: $15,285,961Liabilities 2019: $92,434Net Assets 2019: $15,193,5272019Assets 2020: $15,761,279Liabilities 2020: $101,709Net Assets 2020: $15,659,5702020Assets 2021: $16,071,346Liabilities 2021: $74,349Net Assets 2021: $15,996,9972021Assets 2022: $16,433,874Liabilities 2022: $98,443Net Assets 2022: $16,335,4312022Assets 2023: $16,694,076Liabilities 2023: $113,591Net Assets 2023: $16,580,4852023Assets 2024: $16,887,076Liabilities 2024: $126,158Net Assets 2024: $16,760,9182024Assets 2025: $17,216,774Liabilities 2025: $108,541Net Assets 2025: $17,108,2332025

Highlighted filing

2015

Assets$16,859,060
Liabilities$98,444
Net Assets$16,760,616
Open 2015 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $696,8862010Expenses 2011: $791,4322011Expenses 2012: $551,0852012Revenue 2013: $430,973Expenses 2013: $682,202Net Income 2013: -$251,2292013Revenue 2014: $1,775,312Expenses 2014: $609,381Net Income 2014: $1,165,9312014Revenue 2015: $391,414Expenses 2015: $670,404Net Income 2015: -$278,9902015Revenue 2016: $381,041Expenses 2016: $1,795,759Net Income 2016: -$1,414,7182016Revenue 2017: $409,858Expenses 2017: $543,953Net Income 2017: -$134,0952017Revenue 2018: $497,697Expenses 2018: $548,632Net Income 2018: -$50,9352018Revenue 2019: $515,766Expenses 2019: $483,107Net Income 2019: $32,6592019Revenue 2020: $905,160Expenses 2020: $439,117Net Income 2020: $466,0432020Revenue 2021: $733,742Expenses 2021: $396,315Net Income 2021: $337,4272021Revenue 2022: $728,736Expenses 2022: $390,302Net Income 2022: $338,4342022Revenue 2023: $692,251Expenses 2023: $447,197Net Income 2023: $245,0542023Revenue 2024: $710,474Expenses 2024: $530,041Net Income 2024: $180,4332024Revenue 2025: $921,520Expenses 2025: $574,205Net Income 2025: $347,3152025

Highlighted filing

2015

Revenue$391,414
Expenses$670,404
Net Income-$278,990
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 26, 2016
Return Version
2015v2.1
Gross Receipts
$391,414
Mission and Program Overview

Mission

The regional business fund, inc. Is a non-profit economic development corporation whose purpose is to promote business and economic development in west central wisconsin. The regional business fund, inc. Offers low interest loan funds to businesses that expand within the region, diversify the economy, add new technology, revitalize buildings in the region's downtowns, and create quality jobs and capital investment in the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$12,083,895$10,546,642▼ $1,537,253
Savings and Temporary Cash Investments$5,048,976$6,282,818▲ $1,233,842
Total Assets$17,169,071$16,859,060▼ $310,011
Other Assets Total$36,200$29,600▼ $6,600
Liabilities
Accounts Payable and Accrued Expenses$129,465$98,444▼ $31,021
Total Liabilities$129,465$98,444▼ $31,021
Net Assets / Fund Balance
Unrestricted Net Assets$17,039,606$16,760,616▼ $278,990
Total Net Assets Fund Balance$17,039,606$16,760,616▼ $278,990
Total Liabilities and Net Assets / Fund Balance$17,169,071$16,859,060▼ $310,011
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Joel KraemerPresident
Ken JostVice President
Barbara ButlerBoard Member
Dennis BachmanBoard Member
James HankeBoard Member
Jenny JakelBoard Member
Jim LahtiBoard Member
Joann MillerBoard Member
Kelly HibbsBoard Member
Steven ArntzenBoard Member
Pam OwenSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
West Central Wisconsin Regional PlanningManagement Services800 WISCONSIN STREET MAIL BOX 9, Eau Claire, WI 54703$344,731
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$377,416
Investment Income
$13,998
Other Revenue
$0
Change in Net Assets
$-278,990

Audited Revenue Reconciliation

Revenue per Audited Statements
$391,414
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$391,414
Total Revenue per Form 990
$391,414
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$670,404
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$323,016
Fees for Services Legal---$35,953
Fees for Services Other---$11,618
Fees for Services Accounting---$8,750
Insurance---$4,305
Information Technology---$2,550
Travel---$1,978
Conferences and Meetings---$1,355
Advertising---$915
Other Expenses---$145
Total Functional Expenses$0$0$0$670,404

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$670,404
Total Expenses per Audited Statements$670,404
Total Expenses per Form 990$670,404
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The rbf, inc. Contracts with the west central wisconsin regional planning commission to provide management services.”

Form 990, Part VI, Section B, Line 11

“A draft of the 990 form is emailed to each director. After review, the document is formally approved for submittal at a board meeting.”

Form 990, Part VI, Section C, Line 19

“Documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Regional Business Fund Inc
EIN
39-1817867
Phone
7158362918
Address
800 WISCONSIN STREET MAIL BOX 9, EAU CLAIRE, WI 54703

Signing Officer

Name
Joel Kraemer
Title
President
Phone
7158362918
Signed
2016-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Kraemer
Formed
1995
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
3402 OAKWOOD MALL DRIVE STE 100, EAU CLAIRE, WI 54701
Preparer
Cory Wiese
Phone
7158521100
Supplemental Narrative

Additional Explanations

Form 990, Part XII Line 2C

“No changes from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Rbf is exempt from paying corporate federal income tax exempt under section 501(c)(6) of the internal revenue code and wisconsin statutes. Rbf is also exempt from wisconsin franchise and income taxes. The organization has evaluated its tax position and determined it has no uncertain tax positions as of december 31, 2015.”

Raw XML Appendix338 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.

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IRS990/ActivityOrMissionDesc0THE REGIONAL BUSINESS FUND, INC. IS A NON-PROFIT ECONOMIC DEVELOPMENT CORPORATION WHOSE PURPOSE IS TO PROMOTE BUSINESS AND ECONOMIC DEVELOPMENT IN WEST CENTRAL WISCONSIN. THE REGIONAL BUSINESS FUND, INC. OFFERS LOW INTEREST LOAN FUNDS TO BUSINESSES THAT EXPAND WITHIN THE REGION, DIVERSIFY THE ECONOMY, ADD NEW TECHNOLOGY, REVITALIZE BUILDINGS IN THE REGION'S DOWNTOWNS, AND CREATE QUALITY JOBS AND CAPITAL INVESTMENT IN THE REGION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05048976
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06282818
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0670404
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0391414
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RBF IS EXEMPT FROM PAYING CORPORATE FEDERAL INCOME TAX EXEMPT UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND WISCONSIN STATUTES. RBF IS ALSO EXEMPT FROM WISCONSIN FRANCHISE AND INCOME TAXES. THE ORGANIZATION HAS EVALUATED ITS TAX POSITION AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0670404
IRS990ScheduleD/TotalRevenuePerForm990Amt0391414
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0391414
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0670404
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RBF, INC. CONTRACTS WITH THE WEST CENTRAL WISCONSIN REGIONAL PLANNING COMMISSION TO PROVIDE MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE 990 FORM IS EMAILED TO EACH DIRECTOR. AFTER REVIEW, THE DOCUMENT IS FORMALLY APPROVED FOR SUBMITTAL AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGES FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt017169071
IRS990/TotalAssetsEOYAmt016859060
IRS990/TotalAssetsGrp/BOYAmt017169071
IRS990/TotalAssetsGrp/EOYAmt016859060
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0670404
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0129465
IRS990/TotalLiabilitiesEOYAmt098444
IRS990/TotalLiabilitiesGrp/BOYAmt0129465
IRS990/TotalLiabilitiesGrp/EOYAmt098444
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017039606
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016760616
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0377416
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt013998
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0377416
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0391414
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017169071
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016859060
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01978
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt017039606
IRS990/UnrestrictedNetAssetsGrp/EOYAmt016760616
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0800 WISCONSIN STREET MAIL BOX 9
IRS990/USAddress/CityNm0EAU CLAIRE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054703
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.RBFINC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOEL KRAEMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07158362918
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REGIONAL BUSINESS FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0REGI
ReturnHeader/Filer/EIN0391817867
ReturnHeader/Filer/PhoneNum07158362918
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 WISCONSIN STREET MAIL BOX 9
ReturnHeader/Filer/USAddress/CityNm0EAU CLAIRE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054703
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03402 OAKWOOD MALL DRIVE STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAU CLAIRE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054701
ReturnHeader/PreparerPersonGrp/PhoneNum07158521100
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CORY WIESE
ReturnHeader/ReturnTs02016-05-24T20:00:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,859,060
Liabilities
$98,444
Net assets
$16,760,616
Revenue
$391,414
Expenses
$670,404
Net income
-$278,990
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.2$0.11$17.1$0.92$0.57$0.35
2024Detailed filing. Detailed filing data is available for this year.$16.9$0.13$16.8$0.71$0.53$0.18
2023Detailed filing. Detailed filing data is available for this year.$16.7$0.11$16.6$0.69$0.45$0.25
2022Detailed filing. Detailed filing data is available for this year.$16.4$0.10$16.3$0.73$0.39$0.34
2021Detailed filing. Detailed filing data is available for this year.$16.1$0.07$16.0$0.73$0.40$0.34
2020Detailed filing. Detailed filing data is available for this year.$15.8$0.10$15.7$0.91$0.44$0.47
2019Detailed filing. Detailed filing data is available for this year.$15.3$0.09$15.2$0.52$0.48$0.03
2018Detailed filing. Detailed filing data is available for this year.$15.3$0.09$15.2$0.50$0.55$0.05
2017Detailed filing. Detailed filing data is available for this year.$15.3$0.07$15.2$0.41$0.54$0.13
2016Detailed filing. Detailed filing data is available for this year.$15.4$0.08$15.3$0.38$1.80$1.41
2015Detailed filing. Detailed filing data is available for this year.$16.9$0.10$16.8$0.39$0.67$0.28
2014Detailed filing. Detailed filing data is available for this year.$17.2$0.13$17.0$1.78$0.61$1.17
2013Detailed filing. Detailed filing data is available for this year.$16.1$0.24$15.9$0.43$0.68$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$0.23$16.1$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$0.10$16.2$0.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$0.13$16.9$0.70
Peer Organizations

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