2018-12-19T09:36:31-06:00 2018-09-30 390758449 WIPFLI LLP PO BOX 8700 MADISON WI 537088700 990 2017-10-01 264682326 CENTRAL WISCONSIN ECONOMIC DEVELOPMENT FUND INC CENT 7153437500 2900 HOOVER ROAD NO STE A STEVENS POINT WI 54481 KEN MAULE ACTING PRESIDENT 7153437500 2018-12-17 1 JEAN CHRISTENSEN P00368719 6082741980 2018-12-17 216.54.158.12 2018-12-17 12:59:45 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D39DFCF308E29798099C6E98D97B6F6C3915D4BA 2017 2019-02-21 02:37:17Z KEN MAULE 2900 HOOVER ROAD NO STE A STEVENS POINT WI 54481 276074 0 X WWW.CWEDFUND.COM X 2009 WI TO PROVIDE BUSINESS LOANS THAT WILL CREATE AND RETAIN PERMANENT JOBS WITH QUALITY WAGES AND BENEFITS, TO PROMOTE A DIVERSE MIX OF EMPLOYMENT OPPORTUNITIES, TO PERPETUATE POSITIVE AND PROACTIVE BUSINESS CLIMATES WHICH ENCOURAGE THE RETENTION AND EXPANSION OF EXISTING BUSINESSES AND TO HELP ATTRACT DESIRABLE NEW BUSINESSES. 15 15 0 22 0 0 0 0 180517 180109 37388 95965 0 0 217905 276074 0 0 0 0 0 0 0 0 0 859480 284274 859480 284274 -641575 -8200 11705587 11695207 24532 22352 11681055 11672855 X TO PROVIDE BUSINESS LOANS THAT WILL CREATE AND RETAIN PERMANENT JOBS WITH QUALITY WAGES AND BENEFITS, TO PROMOTE A DIVERSE MIX OF EMPLOYMENT OPPORTUNITIES, TO PERPETUATE POSITIVE AND PROACTIVE BUSINESS CLIMATES WHICH ENCOURAGE THE RETENTION AND EXPANSION OF EXISTING BUSINESSES AND TO HELP ATTRACT DESIRABLE NEW BUSINESSES. 0 0 237181 0 180109 THE ORGANIZATION PROVIDES BUSINESS LOANS THAT WILL CREATE AND RETAIN PERMANENT JOBS WITH QUALITY WAGES AND BENEFITS, PROMOTE A DIVERSE MIX OF EMPLOYMENT OPPORTUNITIES, PERPETUATE POSITIVE AND PROACTIVE BUSINESS CLIMATES WHICH ENCOURAGE THE RETENTION AND EXPANSION OF EXISTING BUSINESSES AND HELP ATTRACT DESIRABLE NEW BUSINESSES.DURING THE YEAR, THE ORGANIZATION PROVIDED NEW LOANS TOTALING $1,344,700 TO 7 BUSINESSES. THESE LOANS ARE EXPECTED TO CREATE 23 JOBS. 237181 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X SUSAN HENRY 7153437500 2900 HOOVER ROAD STE A STEVENS POINT WI 54481 X STEVE BARG BOARD MEMBER 1.00 X 0 0 0 PAULA CUMMINGS BOARD MEMBER (THRU MAY) 1.00 X 0 0 0 JAMES DEBAUCHE BOARD MEMBER 1.00 X 0 0 0 PATTY DREIER BOARD MEMBER (THRU FEB) 1.00 X 0 0 0 BOB EGAN BOARD MEMBER 1.00 X 0 0 0 JEFF GATES BOARD MEMBER 1.00 X 0 0 0 DAN GUILD BOARD MEMBER (THRU AUGUST) 1.00 X 0 0 0 CHRIS HOLMAN BOARD MEMBER 1.00 X 0 0 0 CHARLES KORNACK BOARD MEMBER 1.00 X 0 0 0 PAUL MILLAN BOARD MEMBER (THRU APRIL) 1.00 X 0 0 0 ADAM REKAU BOARD MEMBER 1.00 X 0 0 0 GAYLENE RHODEN BOARD MEMBER 1.00 X 0 0 0 ZACH VRUWINK BOARD MEMBER 1.00 X 0 0 0 TANYA WALSH-LAEHN BOARD MEMBER 1.00 X 0 0 0 JAMES WARSAW BOARD MEMBER 1.00 X 0 0 0 RICHARD HOLDEN PRESIDENT 1.00 X X 0 0 0 JASON ANGELL VICE PRESIDENT (THRU DECEMBER) 1.00 X X 0 0 0 KEN MAULE VICE PRESIDENT (BEG JANUARY) 1.00 X X 0 0 0 MICHAEL OSTROWSKI SECRETARY 1.00 X X 0 0 0 JASON GRUENEBERG TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 CAP SERVICES INC 2900 HOOVER ROAD STE A STEVENS POINT WI 54481 LOAN FUND ADMINISTRATION 256327 1 INTEREST INCOME-LOANS 522291 163907 163907 LOAN FEES 522291 13447 13447 OTHER FEES 522291 2755 2755 180109 95965 95965 276074 180109 0 95965 X 17862 8931 8931 8000 8000 255268 229741 25527 4635 4635 LOAN ORIGINATION 470 470 PROVISION FOR LOAN LOSS -2881 -2881 920 920 284274 237181 47093 0 25686 25603 6517374 6585491 5151421 5074006 3576 3786 7530 6321 11705587 11695207 24532 22352 24532 22352 X 11681055 11672855 11681055 11672855 11705587 11695207 -8200 0 X 0 1 X 1 0 0 X 276074 0 276074 0 276074 284274 0 284274 0 284274 PART X, LINE 2: CENTRAL WISCONSIN ECONOMIC DEVELOPMENT FUND, INC. (CWED) IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE TAX POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. CWED RECORDED NO ASSETS OR LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED OR UPDATED ANNUALLY BY THE BOARD OF DIRECTORS. ANY INDIVIDUAL WITH AN ACTUAL OR PERCEIVED CONFLICT OF INTEREST IS RECUSED FROM DISCUSSION AND VOTING ON THE MATTER TO WHICH THE CONFLICT RELATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G LOAN SERVICING FEES: PROGRAM SERVICE EXPENSES 229,741. MANAGEMENT AND GENERAL EXPENSES 25,527. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 255,268.