Civic Intelligence

Langlade County Economic Development Corporation

990 • Fiscal year 2012 • EIN 26-2179693

Jan 01, 2012 to Dec 31, 2012 • Filed on Mar 09, 2013

312 Forrest Avenue54409
Siviq Scores

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

Liabilities / Assets

67th percentile

0.04x

Higher debt load relative to assets than 67% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

16th percentile

-28%

Faster asset growth than 16% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$157,473

Down $149,461 (-49%) from 2010

Net Assets

Down

$151,958

Down $148,290 (-49%) from 2010

Liabilities

Down

$5,515

Down $1,171 (-18%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$159,295

Down $207 (-0.1%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $306,934Liabilities 2010: $6,686Net Assets 2010: $300,2482010Assets 2012: $157,473Liabilities 2012: $5,515Net Assets 2012: $151,9582012Assets 2013: $168,899Liabilities 2013: $10,385Net Assets 2013: $158,5142013Assets 2014: $248,466Liabilities 2014: $8,320Net Assets 2014: $240,1462014Assets 2015: $255,446Liabilities 2015: $9,671Net Assets 2015: $245,7752015Assets 2016: $267,857Liabilities 2016: $7,736Net Assets 2016: $260,1212016Assets 2017: $249,830Liabilities 2017: $8,434Net Assets 2017: $241,3962017Assets 2018: $248,130Liabilities 2018: $8,778Net Assets 2018: $239,3522018Assets 2019: $213,223Liabilities 2019: $8,792Net Assets 2019: $204,4312019Assets 2020: $861,092Liabilities 2020: $13,227Net Assets 2020: $847,8652020Assets 2021: $815,613Liabilities 2021: $15,678Net Assets 2021: $799,9352021Assets 2022: $863,068Liabilities 2022: $115,254Net Assets 2022: $747,8142022Assets 2023: $872,089Liabilities 2023: $105,974Net Assets 2023: $766,1152023Assets 2024: $915,557Liabilities 2024: $87,154Net Assets 2024: $828,4032024

Highlighted filing

2012

Assets$157,473
Liabilities$5,515
Net Assets$151,958

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $159,5022010Expenses 2012: $159,2952012Revenue 2013: $199,375Expenses 2013: $192,819Net Income 2013: $6,5562013Revenue 2014: $271,769Expenses 2014: $190,137Net Income 2014: $81,6322014Revenue 2015: $175,284Expenses 2015: $169,655Net Income 2015: $5,6292015Revenue 2016: $200,595Expenses 2016: $186,249Net Income 2016: $14,3462016Revenue 2017: $179,547Expenses 2017: $198,272Net Income 2017: -$18,7252017Revenue 2018: $198,915Expenses 2018: $200,959Net Income 2018: -$2,0442018Revenue 2019: $190,671Expenses 2019: $225,589Net Income 2019: -$34,9182019Revenue 2020: $884,382Expenses 2020: $240,948Net Income 2020: $643,4342020Revenue 2021: $248,468Expenses 2021: $296,398Net Income 2021: -$47,9302021Revenue 2022: $310,636Expenses 2022: $362,757Net Income 2022: -$52,1212022Revenue 2023: $391,544Expenses 2023: $373,243Net Income 2023: $18,3012023Revenue 2024: $429,413Expenses 2024: $367,125Net Income 2024: $62,2882024

Highlighted filing

2012

Revenue-
Expenses$159,295
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Mar 9, 2013
Return Version
2012v2.1
Gross Receipts
$215,207
Mission and Program Overview

Mission

The purpose for the langlade county economic development corporation is exclusively for the civic betterment and economic development of langlade county, wisconsin, through the attraction and expansion of new and existing industrial, recreational and commercial enterprises.

Filing and Contact Details

Filer

EIN
26-2179693
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ORGANIZATION FOLLOWS THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2012. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS ENDED BEFORE DECEMBER 31, 2009 AND 2008 FOR FEDERAL AND STATE INCOME TAX PURPOSES, RESPECTIVELY.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE PURPOSE FOR THE LANGLADE COUNTY ECONOMIC DEVELOPMENT CORPORATION IS EXCLUSIVELY FOR THE CIVIC BETTERMENT AND ECONOMIC DEVELOPMENT OF LANGLADE COUNTY, WISCONSIN, THROUGH THE ATTRACTION AND EXPANSION OF NEW AND EXISTING INDUSTRIAL, RECREATIONAL AND COMMERCIAL ENTERPRISES.
IRS990ScheduleO/GeneralExplanation/Explanation1THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS REVIEW AND APPROVE THE RETURN PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2EACH INTERESTED PERSON, INCLUDING MEMBERS OF A COMMITTEE WITH BOARD DELEGATED POWERS, SHALL SIGN ANNUALLY A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE THE POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THAT THE ORGANIZATION IS A CHARITABLE ORGANIZATION, AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PUPOSES. WHEN A POTENTIAL CONFLICT ARISES, THE INTERESTED PERSON COMMUNICATES TO THE BOARD THE POTENTIAL CONFLICT AND THE BOARD REVIEWS THE CONFLICT AND DOCUMENTS THEIR DECISION IN THE OFFICIAL MINUTES OF THE ORGANZATION. THE BOARD ENFORCES THE DECISION.
IRS990ScheduleO/GeneralExplanation/Explanation3GOVERNING DOCUMENTS INCLUDING ANNUAL FORM 990 AND APPLICATION 1023 ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4RESTATEMENT OF NET ASSETS 6,580 THE PRIOR YEAR FILING INCLUDED THE FOLLOWING IN ERROR: ACCOUNTS PAYABLE AND EXPENSES NOT INCURRED: 9,360 OPEB LIABILITY NOT OWED BY THE ORGANIZATION: 3,958 IMPROPERLY EXCLUDED ACCRUED WAGES: (6,370) IMPROPERLY EXCLUDED ACCRUED VACATION: (368) TOTAL 6,580
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier2ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier4OTHER CHANGES IN NET ASSETS EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
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IRS990/TheBooksAreInCareOf/TelephoneNumber07156232085
IRS990/TotalAssets/BOY0104825
IRS990/TotalAssetsBOY0104825
IRS990/TotalAssets/EOY0157473
IRS990/TotalAssetsEOY0157473
IRS990/TotalCompGT150K0false
IRS990/TotalContributions0151500
IRS990/TotalExpensesCurrentYear0159295
IRS990/TotalExpensesPriorYear0180456
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral014868
IRS990/TotalFunctionalExpenses/ProgramServices0144427
IRS990/TotalFunctionalExpenses/Total0159295
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY015359
IRS990/TotalLiabilitiesBOY015359
IRS990/TotalLiabilities/EOY05515
IRS990/TotalLiabilitiesEOY05515
IRS990/TotalLiabNetAssetsFundBalances/BOY0104825
IRS990/TotalLiabNetAssetsFundBalances/EOY0157473
IRS990/TotalNbrEmployees02
IRS990/TotalNbrVolunteers011
IRS990/TotalNetAssetsFundBalances/BOY089466
IRS990/TotalNetAssetsFundBalances/EOY0151958
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense0144427
IRS990/TotalProgramServiceRevenue063514
IRS990/TotalRevenueCurrentYear0215207
IRS990/TotalRevenue/ExclusionAmount0193
IRS990/TotalRevenuePriorYear0169674
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome063514
IRS990/TotalRevenue/TotalRevenueColumn0215207
IRS990/TransfersToExemptNonChrtblOrg0false
IRS990/Travel/ManagementAndGeneral0778
IRS990/Travel/ProgramServices07866
IRS990/Travel/Total08644
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UnrestrictedNetAssets/BOY089466
IRS990/UnrestrictedNetAssets/EOY0151958
IRS990/UponRequest0X
IRS990/WebSite0WWW.LANGLADECOUNTY.ORG
IRS990/WhistleblowerPolicy0true
IRS990/YearFormation02007
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0262179693
ReturnHeader/Filer/Name/BusinessNameLine10LANGLADE COUNTY ECONOMIC
ReturnHeader/Filer/Name/BusinessNameLine20DEVELOPMENT CORPORATION
ReturnHeader/Filer/NameControl0LANG
ReturnHeader/Filer/Phone07156232085
ReturnHeader/Filer/USAddress/AddressLine10312 FORREST AVENUE
ReturnHeader/Filer/USAddress/City0ANTIGO
ReturnHeader/Filer/USAddress/State0WI
ReturnHeader/Filer/USAddress/ZIPCode054409
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02013-03-09
ReturnHeader/Officer/Name0BEN ZELAZOSKI
ReturnHeader/Officer/Phone07156232085
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/Preparer/DatePrepared02013-03-19
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10KERBERROSE SC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10115 E 5TH ST
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0SHAWANO
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0WI

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.16$0.87$8.28$4.29$3.67$0.62
2023Detailed filing. Detailed filing data is available for this year.$8.72$1.06$7.66$3.92$3.73$0.18
2022Detailed filing. Detailed filing data is available for this year.$8.63$1.15$7.48$3.11$3.63$0.52
2021Detailed filing. Detailed filing data is available for this year.$8.16$0.16$8.00$2.48$2.96$0.48
2020Detailed filing. Detailed filing data is available for this year.$8.61$0.13$8.48$8.84$2.41$6.43
2019Detailed filing. Detailed filing data is available for this year.$2.13$0.09$2.04$1.91$2.26$0.35
2018Detailed filing. Detailed filing data is available for this year.$2.48$0.09$2.39$1.99$2.01$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.50$0.08$2.41$1.80$1.98$0.19
2016Detailed filing. Detailed filing data is available for this year.$2.68$0.08$2.60$2.01$1.86$0.14
2015Detailed filing. Detailed filing data is available for this year.$2.55$0.10$2.46$1.75$1.70$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.48$0.08$2.40$2.72$1.90$0.82
2013Detailed filing. Detailed filing data is available for this year.$1.69$0.10$1.59$1.99$1.93$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.06$1.52$1.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.07$3.00$1.60