Civic Intelligence

Downtown Eau Claire Inc

990 • Fiscal year 2021 • EIN 03-0376253

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

203 S Farwell StreetEau Claire, WI 54701

(715) 839-6047

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

52nd percentile

0.01x

Higher debt load relative to revenue than 52% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

24th percentile

-9.6%

Higher net margin than 24% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

29th percentile

-4.1%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

26th percentile

-20%

Faster revenue growth than 26% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$454,411

Down $19,424 (-4.1%) from 2020

Net Assets

Down

$452,583

Down $20,950 (-4.4%) from 2020

Liabilities

Up

$1,828

Up $1,526 (+505%) from 2020

Revenue

Down

$217,244

Down $54,558 (-20%) from 2020

Expenses

Down

$238,194

Down $25,205 (-9.6%) from 2020

Net Income

Down

-$20,950

Down $29,353 (-349%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $132,278Liabilities 2011: $02011Assets 2012: $172,903Liabilities 2012: $02012Assets 2013: $182,509Liabilities 2013: $0Net Assets 2013: $182,5092013Assets 2014: $221,619Liabilities 2014: $504Net Assets 2014: $221,1152014Assets 2015: $268,481Liabilities 2015: $285Net Assets 2015: $268,1962015Assets 2016: $314,025Liabilities 2016: $154Net Assets 2016: $313,8712016Assets 2017: $391,578Liabilities 2017: $847Net Assets 2017: $390,7312017Assets 2018: $433,328Liabilities 2018: $465Net Assets 2018: $432,8632018Assets 2019: $466,615Liabilities 2019: $1,485Net Assets 2019: $465,1302019Assets 2020: $473,835Liabilities 2020: $302Net Assets 2020: $473,5332020Assets 2021: $454,411Liabilities 2021: $1,828Net Assets 2021: $452,5832021Assets 2022: $401,141Liabilities 2022: $1,820Net Assets 2022: $399,3212022Assets 2023: $408,878Liabilities 2023: $0Net Assets 2023: $408,8782023Assets 2024: $396,499Liabilities 2024: $480Net Assets 2024: $396,0192024

Highlighted filing

2021

Assets$454,411
Liabilities$1,828
Net Assets$452,583

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $128,399Expenses 2011: $89,598Net Income 2011: $38,8012011Revenue 2012: $153,382Expenses 2012: $112,757Net Income 2012: $40,6252012Revenue 2013: $60,689Expenses 2013: $51,083Net Income 2013: $9,6062013Revenue 2014: $141,008Expenses 2014: $102,402Net Income 2014: $38,6062014Revenue 2015: $143,695Expenses 2015: $96,614Net Income 2015: $47,0812015Revenue 2016: $144,274Expenses 2016: $98,599Net Income 2016: $45,6752016Revenue 2017: $187,214Expenses 2017: $110,354Net Income 2017: $76,8602017Revenue 2018: $165,580Expenses 2018: $123,448Net Income 2018: $42,1322018Revenue 2019: $166,807Expenses 2019: $134,540Net Income 2019: $32,2672019Revenue 2020: $271,802Expenses 2020: $263,399Net Income 2020: $8,4032020Revenue 2021: $217,244Expenses 2021: $238,194Net Income 2021: -$20,9502021Revenue 2022: $249,926Expenses 2022: $303,188Net Income 2022: -$53,2622022Revenue 2023: $260,141Expenses 2023: $250,584Net Income 2023: $9,5572023Revenue 2024: $272,356Expenses 2024: $285,215Net Income 2024: -$12,8592024

Highlighted filing

2021

Revenue$217,244
Expenses$238,194
Net Income-$20,950
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$217,244
Mission and Program Overview

Mission

Development of downtown eau claire

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$461,644$420,272▼ $41,372
Cash and Non-Interest-Bearing Accounts$12,191$34,139▲ $21,948
Total Assets$473,835$454,411▼ $19,424
Liabilities
Other Liabilities$302$1,743▲ $1,441
Accounts Payable and Accrued Expenses-$85-
Total Liabilities$302$1,828▲ $1,526
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$473,533$452,583▼ $20,950
Total Net Assets Fund Balance$473,533$452,583▼ $20,950
Total Liabilities and Net Assets / Fund Balance$473,835$454,411▼ $19,424
Compensation and Service Providers

Board Members and Trustees

NameTitle
Disa WahlstrandPresident
Aaron BricePresidential
Amy EricksonBoard Member
Angela EberhardtBoard Member
Ann SessionsBoard Member
Bob SchraufnagelBoard Member
Brian MakiBoard Member
Dave SolbergBoard Member
Graham BarnesBoard Member
Jake WrasseBoard Member
Jason ManzBoard Member
Julia JohnsonBoard Member
Nick WhiteBoard Member
PEGGY O'HALLORANBoard Member
Rose VincentBoard Member
Scott RannilaBoard Member
Tashai AtkinsBoard Member
Terry WeldBoard Member
Emilu StarckSecretary
Rachel KjosTreasurer
Michael DillVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$183,168
Program Service Revenue
$28,196
Investment Income
$4,185
Other Revenue
$1,695
All Other Contributions
$12,367
Change in Net Assets
$-20,950
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$197,694
Grants and Similar Amounts Paid$40,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$40,500
Advertising---$34,263
Fees for Services Other---$19,919
Other Expenses---$3,428
All Other Expenses---$3,271
Fees for Services Accounting---$1,648
Occupancy---$1,614
Office Expenses---$372
Total Functional Expenses$0$0$0$238,194
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$1,743
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The signing officer reviewed the 990 before filing. The board reviewed the 990 at the subsequent board meeting.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Downtown Eau Claire Inc
EIN
03-0376253
Phone
7158396047
Address
203 S FARWELL STREET, EAU CLAIRE, WI 54701

Signing Officer

Name
Disa Wahlstrand
Title
President
Phone
7158396047
Signed
2022-11-10

Organization Details

Principal Officer
Disa Wahlstrand
Formed
2002
Legal Domicile
Wi
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
200

Preparer

Firm
Bauman Associates Ltd
Address
PO BOX 1225, EAU CLAIRE, WI 54702-1225
Preparer
Justin Koppa CPA
Phone
7158342001
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01695
IRS990/OtherRevenueTotalAmt01695
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DISA WAHLSTRAND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt028196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt028196
IRS990/ProgSrvcAccomActy2Grp/Desc0UNITED DOWNTOWN BUSINESS OWNERS, STAKEHOLDERS, & THE GENERAL PUBLIC BY HOLDING MEETINGS, DISCUSSION FORUMS & EVENTS THAT ENCOURAGE PUBLIC INPUT AND INDIVIDUAL OPINION ON VARIOUS SUBJECTS RELATING TO DOWNTOWN REVITALIZATION.
IRS990/ProgSrvcAccomActy3Grp/Desc0FOSTERED VARIOUS REDEVELOPMENT PROJECTS BY WORKING WITH THE REDEVELOPMENT AUTHORITY & PRIVATE DEVELOPERS TO REACH AGREEMENTS & MOVE FORWARD WITH NEW PROJECTS. NO CASH OUTLAY.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0201475
IRS990/PYGrantsAndSimilarPaidAmt018098
IRS990/PYInvestmentIncomeAmt010925
IRS990/PYOtherExpensesAmt0245301
IRS990/PYOtherRevenueAmt042131
IRS990/PYProgramServiceRevenueAmt017271
IRS990/PYRevenuesLessExpensesAmt08403
IRS990/PYTotalExpensesAmt0263399
IRS990/PYTotalRevenueAmt0271802
IRS990/ReconcilationRevenueExpnssAmt0-20950
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0461644
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0420272
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01743
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/TotalLiabilityAmt01743
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SIGNING OFFICER REVIEWED THE 990 BEFORE FILING. THE BOARD REVIEWED THE 990 AT THE SUBSEQUENT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0473835
IRS990/TotalAssetsEOYAmt0454411
IRS990/TotalAssetsGrp/BOYAmt0473835
IRS990/TotalAssetsGrp/EOYAmt0454411
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0183168
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0238194
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0302
IRS990/TotalLiabilitiesEOYAmt01828
IRS990/TotalLiabilitiesGrp/BOYAmt0302
IRS990/TotalLiabilitiesGrp/EOYAmt01828
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0473533
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0452583
IRS990/TotalProgramServiceRevenueAmt028196
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034076
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0217244
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0473835
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0454411
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0203 S FARWELL STREET
IRS990/USAddress/CityNm0EAU CLAIRE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054701
IRS990/VotingMembersGoverningBodyCnt021
IRS990/VotingMembersIndependentCnt021
IRS990/WebsiteAddressTxt0WWW.DOWNTOWNEAUCLAIRE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DISA WAHLSTRAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07158396047
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DOWNTOWN EAU CLAIRE INC
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0030376253
ReturnHeader/Filer/PhoneNum07158396047
ReturnHeader/Filer/USAddress/AddressLine1Txt0203 S FARWELL STREET
ReturnHeader/Filer/USAddress/CityNm0EAU CLAIRE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0391277627
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAUMAN ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1225
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAU CLAIRE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0547021225
ReturnHeader/PreparerPersonGrp/PhoneNum07158342001
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUSTIN KOPPA CPA
ReturnHeader/ReturnTs02022-11-15T16:53:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DISA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WAHLSTRAND
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$0.00$3.96$2.72$2.85$0.13
2023Detailed filing. Detailed filing data is available for this year.$4.09$0.00$4.09$2.60$2.51$0.10
2022Detailed filing. Detailed filing data is available for this year.$4.01$0.02$3.99$2.50$3.03$0.53
2021Detailed filing. Detailed filing data is available for this year.$4.54$0.02$4.53$2.17$2.38$0.21
2020Detailed filing. Detailed filing data is available for this year.$4.74$0.00$4.74$2.72$2.63$0.08
2019Detailed filing. Detailed filing data is available for this year.$4.67$0.01$4.65$1.67$1.35$0.32
2018Detailed filing. Detailed filing data is available for this year.$4.33$0.00$4.33$1.66$1.23$0.42
2017Detailed filing. Detailed filing data is available for this year.$3.92$0.01$3.91$1.87$1.10$0.77
2016Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$1.44$0.99$0.46
2015Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$1.44$0.97$0.47
2014Detailed filing. Detailed filing data is available for this year.$2.22$0.01$2.21$1.41$1.02$0.39
2013Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$0.61$0.51$0.10
2012Summary only. Only limited summary data is available for this year.$1.73$0.00$1.53$1.13$0.41
2011Summary only. Only limited summary data is available for this year.$1.32$0.00$1.28$0.90$0.39
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)6 • <$500k nonprofits