WBD Inc
Wbd is a business finance resource that provides the knowledge, services and access to capital needed to create jobs, grow businesses and build communities.
WBD Inc at a glance
In short: WBD Inc gave $531K across 8 grants in 2025 (avg $66K), mostly in Wisconsin. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $530,760
- +118.4% vs 2024
- Grants made (2025)
- 8
- +33.3% vs 2024
- Average grant
- $66,345
- +63.8% vs 2024
- Median grant
- $50,000
- Total assets
- $22,957,192
- +10.8% vs 2024
- Primary geography
- Wisconsin (91% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to WBD Inc
Open Grants
1 open opportunity from WBD Inc
Who WBD Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Wisconsin Veterans Chamber of Commerce Inc ($150K). Together the top 8 received $531K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was in the $50–100K range: 16 grants of 31 (52%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How WBD Inc gives
- Giving grew 33% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $100K (2019) to $531K (2025). In 2025 it made 8 grants totaling $531K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wisconsin Veterans Chamber of Commerce Inc Milwaukee, WI | Support veterpreneur project which equips veteran entrepreneurs with the tools, training and support to launch, sustain and scale their businesses. | $150,000 |
| Wisconsin Economic Development Association Inc Kimberly, WI | Enhance programming, broaden statewide presence, and strengthen its network. Continue serving as a convener of statewide best practices, innovation and collaboration in econcomic development. | $100,000 |
| Wisconsin Womens Business Initiative Corporation Milwaukee, WI | Continued growth of kiva in sc Wi counties. Train microenterprises, community outreach and kiva loans. Forgave loans issued to support loan loss reserve | $64,760 |
| Family Friendly Workplaces Inc Woodville, WI | Support general operations to provide financial certanty and support programming | $50,000 |
| Shakopee Chamber Foundation Shakopee, MN | Help implement a workforce scholarship program in Scott county mn | $50,000 |
| University of Wisconsin - Eau Claire Foundation Inc Eau Claire, WI | Support statewide capital access clinic to sustain and expand the impact of cac by serving a minimum of 500 business clients each year over three years. Supports student wages and staff who mentor and guide them. | $50,000 |
| Chayil Inc Milwaukee, WI | Support program expansion, capacity building and enhance program quality | $45,000 |
| New North Inc Green Bay, WI | Sponsorship of Regional Business Pitch Contests | $21,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $22,957,192 | $10,393,230 | $9,662,981 | $530,760 | 8 | $763,782 |
| 2024 | $20,723,212 | $9,918,745 | $8,688,638 | $243,000 | 6 | $743,793 |
| 2023 | $16,784,755 | $9,133,880 | $8,213,295 | $360,000 | 8 | $411,506 |
| 2022 | $14,868,892 | $9,399,155 | $8,330,067 | $399,500 | 5 | $57,547 |
| 2021 | $14,427,798 | $8,753,222 | $7,262,941 | $168,500 | 4 | $185,467 |
| 2020 | $11,220,211 | $7,624,156 | $6,997,440 | $405,000 | 5 | $168,266 |
| 2019 | $9,377,074 | $7,035,810 | $5,856,769 | $100,000 | 2 | $98,341 |
About WBD Inc
Based on IRS filings
WBD Inc is a public charity focused on Community Improvement & Capacity Building, based in Madison, WI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $23.0M in total assets. In 2025, it awarded 8 grants totaling $531K. Net investment income was $764K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
WBD Inc is led by Dan Schneider, President & Corporate Executive Officer since 2025 (on filings since 2019); 17 of 20 officers listed in 2025 are compensated.
Officers on the 2025 filing
Dan Schneider
President & Corporate Executive Officer
President & CEO → Corporate Executive Officer, 2021
Corporate Executive Officer → President & Corporate Executive Officer, 2025
On filings since 2019
40 hrs/week
$275K (2019) → $392K (2025)
Patrick Schloss
Chair
Director → Vice Chair, 2022
Vice Chair → Chair, 2024
On filings since 2019
1 hr/week
$1K (2019) → $4K (2025)
Craig Aderhold
Director
Director → Chair, 2022
Chair → Director, 2024
On filings since 2019
1 hr/week
$1K (2020) → $5K (2025)
Dave Provancher
Director
On filings since 2019
1 hr/week
$3K (2019) → $1K (2025)
Pam Christenson
Director
On filings since 2019
1 hr/week
$1K (2020) → $850 (2025)
Steven Peterson
Director
Director → Vice Chair, 2021
Vice Chair → Director, 2022
On filings since 2019
1 hr/week
$3K (2019) → $5K (2025)
Thomas Mews
Director
On filings since 2022
1 hr/week
$2K (2022) → $2K (2025)
William Mitchell
Director
On filings since 2022
1 hr/week
$6K (2022) → $4K (2025)
Shawn Wellnitz
Director
On filings since 2023
1 hr/week
No compensation reported
Charlie Bauman
Director
New on the 2025 filing
1 hr/week
No compensation reported
Dan Batten
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jason Monnett
Executive Vice President & Senior Loan Officer
Senior Vice President & Senior Lender → Executive Vice President & Senior Loan Officer, 2025
On filings since 2019
40 hrs/week
$160K (2019) → $292K (2025)
Lance Walter
Senior Vice President Marketing & Communications
Vice President of Strategic Communications → Vice President & Loan Officer, 2020
Vice President & Loan Officer → Senior Vice President Marketing & Communications, 2021
On filings since 2019
40 hrs/week
$123K (2019) → $222K (2025)
Randal Kyle
Corporate Operations Officer
Director of Governance & Compliance → Senior Vp-Chief Operating Officer, 2024
Senior Vp-Chief Operating Officer → Corporate Operations Officer, 2025
On filings since 2019
40 hrs/week
$233K (2019) → $176K (2025)
Stephen Kohl
Vice President & Loan Officer
On filings since 2019
40 hrs/week
$165K (2019) → $217K (2025)
Wenda Roycraft
Senior Vice President & Corp Credit Officer
Senior Vice President & Chief Credit Officer → Senior Vice President & Corp Credit Officer, 2021
On filings since 2019
40 hrs/week
$204K (2019) → $338K (2025)
Marcie Mahuta
Senior Vice President of Finance & Administrator
Vice President of Finance → Senior Vice President of Finance & Administration, 2021
Senior Vice President of Finance & Administration → Senior Vice President of Finance & Administrator, 2022
On filings since 2020
40 hrs/week
$126K (2020) → $209K (2025)
Nicholas Drewsen
Vice President & Loan Officer
On filings since 2020
40 hrs/week
$142K (2020) → $253K (2025)
Barbara Lamue
Secretary
On filings since 2022
1 hr/week
$5K (2022) → $3K (2025)
David Borchardt
Vice Chair
Director → Vice Chair, 2024
On filings since 2022
1 hr/week
$2K (2022) → $4K (2025)
Former officers (11)
- Former: Timothy Schneider (2022–2023) — Director
- Former: Bill Mitchell (2019–2021) — Chair
- Former: Kim Kindschi (2019–2021) — Secretary
- Former: Tim Schneider (2019–2021) — Director
- Former: Tom Mews (2019–2021) — Director
- Former: Barb Lamue (2020–2021) — Secretary
- Former: Dave Borchardt (2021) — Director
- Former: Debra Clements (2019–2020) — Director
- Former: Jeff Bowman (2019) — Director
- Former: Matthew Wilcox (2019) — Vice President & Loan Officer
- Former: Michael Dieckman (2019) — Vice President & Loan Officer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $392K, to Dan Schneider (President & Corporate Executive Officer). 17 officers or directors reported compensation on that filing.
Frequently asked questions about WBD Inc
How much does WBD Inc give each year?
WBD Inc gave $531K across 8 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $243K across 6 grants.
What is WBD Inc's typical grant size?
WBD Inc's median grant in 2025 was $50,000, and its average grant was $66,345, across 8 grants on its 2025 IRS Form 990.
Where does WBD Inc give grants?
WBD Inc gives mostly in Wisconsin: 91% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Minnesota (9%). The most frequent recipient cities were Milwaukee, WI (3 grants).
Does WBD Inc give general operating support?
Yes: 13% of WBD Inc's 2025 grants with a stated purpose (1 of 8) were for general or operating support, per its 2025 IRS Form 990.
Who are WBD Inc's largest grantees?
WBD Inc's largest 2025 grantees include Wisconsin Veterans Chamber of Commerce Inc ($150,000), Wisconsin Economic Development Association Inc ($100,000) and Wisconsin Womens Business Initiative Corporation ($64,760), according to its 2025 IRS Form 990. Together they received 59% of its itemized 2025 grant dollars.
How large is WBD Inc?
WBD Inc reported $23.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $10.4M.
What is WBD Inc?
WBD Inc is a public charity focused on Community Improvement & Capacity Building, based in Madison, WI. It holds $23.0M in total assets as of 2025.
What is WBD Inc's EIN?
WBD Inc's EIN (Employer Identification Number) is 39-1400466. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS February 21, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS June 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 22, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 7, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS February 25, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in WBD Inc's focus areas in our free grants database
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