Civic Intelligence

Regional Business Fund Inc

990 • Fiscal year 2016 • EIN 39-1817867

Jan 01, 2016 to Dec 31, 2016 • Filed on May 02, 2017

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

7th percentile

0.01x

Higher debt load relative to assets than 7% of similar nonprofits.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

30th percentile

0.22x

Higher debt load relative to revenue than 30% of similar nonprofits.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2016

Net Margin

1st percentile

-371%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2016

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.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2016

Asset Growth

9th percentile

-8.5%

Faster asset growth than 9% of similar nonprofits.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

29th percentile

-2.7%

Faster revenue growth than 29% of similar nonprofits.

2016 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$15,430,791

Down $1,428,269 (-8.5%) from 2015

Net Assets

Down

$15,345,898

Down $1,414,718 (-8.4%) from 2015

Liabilities

Down

$84,893

Down $13,551 (-14%) from 2015

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin1st percentile

Revenue

Down

$381,041

Down $10,373 (-2.7%) from 2015

Expenses

Up

$1,795,759

Up $1,125,355 (+168%) from 2015

Net Income

Down

-$1,414,718

Down $1,135,728 (-407%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2016

Assets$15,430,791
Liabilities$84,893
Net Assets$15,345,898
Open 2016 Filing

Operations Trend

Revenue Growth29th 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

2016

Revenue$381,041
Expenses$1,795,759
Net Income-$1,414,718
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 2, 2017
Return Version
2016v3.0
Gross Receipts
$381,041
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$10,546,642$9,488,753▼ $1,057,889
Savings and Temporary Cash Investments$6,282,818$5,922,742▼ $360,076
Total Assets$16,859,060$15,430,791▼ $1,428,269
Other Assets Total$29,600$19,296▼ $10,304
Liabilities
Accounts Payable and Accrued Expenses$98,444$84,893▼ $13,551
Total Liabilities$98,444$84,893▼ $13,551
Net Assets / Fund Balance
Unrestricted Net Assets$16,760,616$15,345,898▼ $1,414,718
Total Net Assets Fund Balance$16,760,616$15,345,898▼ $1,414,718
Total Liabilities and Net Assets / Fund Balance$16,859,060$15,430,791▼ $1,428,269
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Joel KraemerPresident
Ken JostVice President
Barbara ButlerBoard Member
Charlie JonesBoard Member
Jenny JakelBoard Member
Kelly HibbsBoard Member
Matt ChilsonBoard 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$343,478
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$346,391
Investment Income
$34,650
Other Revenue
$0
Change in Net Assets
$-1,414,718

Audited Revenue Reconciliation

Revenue per Audited Statements
$381,041
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$381,041
Total Revenue per Form 990
$381,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,795,759
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---$323,357
Fees for Services Legal---$19,610
Fees for Services Other---$13,401
Fees for Services Accounting---$8,999
Insurance---$4,307
Information Technology---$2,551
Conferences and Meetings---$1,787
Advertising---$1,491
Travel---$382
Other Expenses---$-3,797
Total Functional Expenses$0$0$0$1,795,759

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,795,759
Total Expenses per Audited Statements$1,795,759
Total Expenses per Form 990$1,795,759
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
Backup withholding compliance
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 11B

“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
2017-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Kraemer
Formed
1995
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

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

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, 2016.”

Raw XML Appendix334 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/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/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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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, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01795759
IRS990ScheduleD/TotalRevenuePerForm990Amt0381041
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0381041
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01795759
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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016859060
IRS990/TotalAssetsEOYAmt015430791
IRS990/TotalAssetsGrp/BOYAmt016859060
IRS990/TotalAssetsGrp/EOYAmt015430791
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01795759
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt098444
IRS990/TotalLiabilitiesEOYAmt084893
IRS990/TotalLiabilitiesGrp/BOYAmt098444
IRS990/TotalLiabilitiesGrp/EOYAmt084893
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016760616
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015345898
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01451459
IRS990/TotalProgramServiceRevenueAmt0346391
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt034650
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0346391
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0381041
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016859060
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015430791
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0382
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt016760616
IRS990/UnrestrictedNetAssetsGrp/EOYAmt015345898
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0800 WISCONSIN STREET MAIL BOX 9
IRS990/USAddress/CityNm0EAU CLAIRE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054703
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.RBFINC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOEL KRAEMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07158362918
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-02
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/FilingSecurityInformation/AtSubmissionCreationDeviceId081CD31B431919A6BAB86B87CF81D7AAD5B2A23A8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02F1179B54E37BEB8C756DAD8E212D30E9ADE46CE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02017-05-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:53:21
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/PreparationDt02017-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CORY WIESE
ReturnHeader/ReturnTs02017-06-08T09:29:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,430,791
Liabilities
$84,893
Net assets
$15,345,898
Revenue
$381,041
Expenses
$1,795,759
Net income
-$1,414,718
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