Civic Intelligence

Northeast Wisconsin Economic

EIN 20-3772167 • 501(c)4 • Rhinelander, WI

Profile

To promote the economic development of the region and to provide opportunities for underemployed and low and moderate income families in the region through the development of capital investment and the development of private business opportunities.

PO Box 682Rhinelander, WI 54501
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.28x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

2.80x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2025

Net Margin

92nd percentile

58%

Higher net margin than 92% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

501(c)4 • $500k-$1M nonprofits • Source year 2025

Asset Growth

42nd percentile

1.0%

Faster asset growth than 42% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

3rd percentile

-62%

Faster revenue growth than 3% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$658,699

Up $113,127 (+21%) from 2023

Liabilities

Down

$216,048

Down $29,958 (-12%) from 2023

Net Assets

Up

$442,651

Up $143,085 (+48%) from 2023

Revenue

Up

$173,023

Up $101,685 (+143%) from 2023

Expenses

Down

$29,938

Down $224 (-0.7%) from 2023

Net Income

Up

$143,085

Up $101,909 (+247%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $2,423,438Liabilities 2010: $2,372,023Net Assets 2010: $51,4152010Assets 2011: $2,821,024Liabilities 2011: $2,688,219Net Assets 2011: $132,8062011Assets 2012: $2,736,884Liabilities 2012: $2,559,498Net Assets 2012: $177,3862012Assets 2013: $3,614,315Liabilities 2013: $3,434,802Net Assets 2013: $179,5132013Assets 2014: $3,520,049Liabilities 2014: $3,280,824Net Assets 2014: $239,2252014Assets 2015: $610,412Liabilities 2015: $437,817Net Assets 2015: $172,5952015Assets 2016: $15,607,289Liabilities 2016: $15,469,360Net Assets 2016: $137,9292016Assets 2017: $15,542,293Liabilities 2017: $15,396,990Net Assets 2017: $145,3032017Assets 2018: $13,225,776Liabilities 2018: $13,020,441Net Assets 2018: $205,3352018Assets 2019: $10,017,916Liabilities 2019: $9,827,566Net Assets 2019: $190,3502019Assets 2020: $6,977,536Liabilities 2020: $6,761,239Net Assets 2020: $216,2972020Assets 2021: $3,809,221Liabilities 2021: $3,576,547Net Assets 2021: $232,6742021Assets 2022: $532,893Liabilities 2022: $274,503Net Assets 2022: $258,3902022Assets 2023: $545,572Liabilities 2023: $246,006Net Assets 2023: $299,5662023Assets 2024: $658,699Liabilities 2024: $216,048Net Assets 2024: $442,6512024

Highlighted filing

2024

Assets$658,699
Liabilities$216,048
Net Assets$442,651

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $102010Revenue 2011: $247,818Expenses 2011: $166,427Net Income 2011: $81,3912011Revenue 2012: $265,430Expenses 2012: $260,849Net Income 2012: $4,5812012Revenue 2013: $319,089Expenses 2013: $276,963Net Income 2013: $42,1262013Revenue 2014: $345,393Expenses 2014: $285,681Net Income 2014: $59,7122014Revenue 2015: $307,928Expenses 2015: $374,558Net Income 2015: -$66,6302015Revenue 2016: $183,121Expenses 2016: $217,787Net Income 2016: -$34,6662016Revenue 2017: $621,273Expenses 2017: $613,899Net Income 2017: $7,3742017Revenue 2018: $636,243Expenses 2018: $576,211Net Income 2018: $60,0322018Revenue 2019: $476,081Expenses 2019: $491,066Net Income 2019: -$14,9852019Revenue 2020: $364,732Expenses 2020: $338,785Net Income 2020: $25,9472020Revenue 2021: $236,753Expenses 2021: $220,376Net Income 2021: $16,3772021Revenue 2022: $128,770Expenses 2022: $103,054Net Income 2022: $25,7162022Revenue 2023: $71,338Expenses 2023: $30,162Net Income 2023: $41,1762023Revenue 2024: $173,023Expenses 2024: $29,938Net Income 2024: $143,0852024

Highlighted filing

2024

Revenue$173,023
Expenses$29,938
Net Income$143,085

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.22$0.44$0.17$0.03$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.25$0.30$0.07$0.03$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.53$0.27$0.26$0.13$0.10$0.03
2021Detailed filing. Detailed filing data is available for this year.$3.81$3.58$0.23$0.24$0.22$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.98$6.76$0.22$0.36$0.34$0.03
2019Detailed filing. Detailed filing data is available for this year.$10.0$9.83$0.19$0.48$0.49$0.01
2018Detailed filing. Detailed filing data is available for this year.$13.2$13.0$0.21$0.64$0.58$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$15.4$0.15$0.62$0.61$0.01
2016Summary only. Only limited summary data is available for this year.$15.6$15.5$0.14$0.18$0.22$0.03
2015Summary only. Only limited summary data is available for this year.$0.61$0.44$0.17$0.31$0.37$0.07
2014Summary only. Only limited summary data is available for this year.$3.52$3.28$0.24$0.35$0.29$0.06
2013Summary only. Only limited summary data is available for this year.$3.61$3.43$0.18$0.32$0.28$0.04
2012Summary only. Only limited summary data is available for this year.$2.74$2.56$0.18$0.27$0.26$0.00
2011Summary only. Only limited summary data is available for this year.$2.82$2.69$0.13$0.25$0.17$0.08
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$2.37$0.05$0.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$128,770
Mission and Program Overview

Mission

To promote the economic development of the region and to provide opportunities for the underemployed and low and moderate income families in the region through the development of private business opportunities

To promote the economic development of the region and to provide opportunities for underemployed and low and moderate income families in the region through the development of capital investment and the development of private business opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$357,264$344,524▼ $12,740
Cash and Non-Interest-Bearing Accounts$176,989$188,369▲ $11,380
Other Assets Total$3,274,968--
Total Assets$3,809,221$532,893▼ $3,276,328
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,576,547$274,503▼ $3,302,044
Total Liabilities$3,576,547$274,503▼ $3,302,044
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$232,674$258,390▲ $25,716
Total Net Assets Fund Balance$232,674$258,390▲ $25,716
Total Liabilities and Net Assets / Fund Balance$3,809,221$532,893▼ $3,276,328

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$344,524$152,366$496,890
Compensation and Service Providers

Board Members and Trustees

NameTitle
Todd LeydenPresident
Bill KorrerDirector
Brad KowieskiDirector
Cecily DawsonDirector
Chris HanusDirector
Collette SorgelDirector
Deb MannDirector
Don TheisenDirector
Kate FerrelDirector
Leah Van ZileDirector
Patrick ReaganDirector
Russ FisherDirector
Russell MyersDirector
Ty EricksonDirector
Peter OtisPast Preside
Philip AlbertSecretary
Andrew CordovaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$125,071
Investment Income
$3,699
Other Revenue
$0
Change in Net Assets
$25,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,054
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
Interest$86,903--$86,903
Depreciation Depletion$12,740--$12,740
Insurance-$2,211-$2,211
Other Expenses$1,200--$1,200
Total Functional Expenses$100,843$2,211$0$103,054
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
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

Form 990 is reviewed by the treasurer who is a certified public accountant.

Form 990, Page 6, Part VI, Line 12C

Enforcement of the conflict of interest policy includes all directors signing an annual statement acknowledging any conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

Compensation adjustments recommended by the executive committee, a subgroup of the board of directors, and approved by the full board of directors.

Form 990, Page 6, Part VI, Line 15B

Compensation adjustments recommended by the executive committee, a subgroup of the board of directors, and approved by the full board of directors.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request at the organization's office.

Filing and Contact Details

Filer

Filer Name
Northeast Wisconsin Economic
EIN
20-3772167
Phone
7153699110
Address
PO BOX 682, RHINELANDER, WI 54501

Signing Officer

Name
Andrew Cordova
Title
Treasurer
Phone
7153699110
Signed
2023-05-15

Organization Details

Principal Officer
Todd Leyden
Formed
2005
Legal Domicile
Wi
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
21
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To promote the economic development of the region and to provide opportunities for underemployed and low and moderate income families in the region through the development of capital investment and the development of private business opportunities.

Raw XML Appendix400 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/BooksInCareOfDetail/USAddress/CityNm0RHINELANDER
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IRS990/CYTotalRevenueAmt0128770
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
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IRS990/OtherExpensesGrp/ProgramServicesAmt01200
IRS990/OtherExpensesGrp/TotalAmt01200
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TODD LEYDEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0COMMERCIAL PROPERTY LEASE
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0125071
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0344524
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0152366
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE REGION AND TO PROVIDE OPPORTUNITIES FOR UNDEREMPLOYED AND LOW AND MODERATE INCOME FAMILIES IN THE REGION THROUGH THE DEVELOPMENT OF CAPITAL INVESTMENT AND THE DEVELOPMENT OF PRIVATE BUSINESS OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE TREASURER WHO IS A CERTIFIED PUBLIC ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY INCLUDES ALL DIRECTORS SIGNING AN ANNUAL STATEMENT ACKNOWLEDGING ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION ADJUSTMENTS RECOMMENDED BY THE EXECUTIVE COMMITTEE, A SUBGROUP OF THE BOARD OF DIRECTORS, AND APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION ADJUSTMENTS RECOMMENDED BY THE EXECUTIVE COMMITTEE, A SUBGROUP OF THE BOARD OF DIRECTORS, AND APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ONEIDA COUNTY ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391637294
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 682 3375 AIRPORT RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RHINELANDER
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IRS990ScheduleR/PaidEmployeesSharingInd0true
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0532893
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0128770
IRS990/TotalVolunteersCnt021
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0532893
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 682
IRS990/USAddress/CityNm0RHINELANDER
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IRS990/USAddress/ZIPCd054501
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW CORDOVA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07153699110
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTHEAST WISCONSIN ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0203772167
ReturnHeader/Filer/PhoneNum07153699110
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 682
ReturnHeader/Filer/USAddress/CityNm0RHINELANDER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054501
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02023-05-15T10:34:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANDREW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CORDOVA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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