Civic Intelligence

Ashland Area Development Corp

EIN 39-1483663 • 501(c)3 • Ashland, WI

Profile

To further economic development in the ashland county area of wisconsin.

422 3rd St W Rm/Ste 101Ashland, WI 54806
Siviq Scores

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

Liabilities / Assets

49th percentile

0.06x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.23x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

5th percentile

-67%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-66%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,224,237

Down $360,164 (-14%) from 2023

Liabilities

Up

$128,541

Up $10,773 (+9.1%) from 2023

Net Assets

Down

$2,095,696

Down $370,937 (-15%) from 2023

Revenue

Down

$551,806

Down $1,080,622 (-66%) from 2023

Expenses

Down

$922,743

Down $233,877 (-20%) from 2023

Net Income

Down

-$370,937

Down $846,745 (-178%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,948,390Liabilities 2011: $37,371Net Assets 2011: $1,911,0192011Assets 2012: $1,976,202Liabilities 2012: $44,354Net Assets 2012: $1,931,8482012Assets 2013: $1,958,686Liabilities 2013: $42,199Net Assets 2013: $1,916,4872013Assets 2014: $1,940,376Liabilities 2014: $39,845Net Assets 2014: $1,900,5312014Assets 2015: $1,918,620Liabilities 2015: $60,729Net Assets 2015: $1,857,8912015Assets 2016: $1,875,575Liabilities 2016: $60,692Net Assets 2016: $1,814,8832016Assets 2017: $1,914,318Liabilities 2017: $132,079Net Assets 2017: $1,782,2392017Assets 2018: $1,868,896Liabilities 2018: $117,215Net Assets 2018: $1,751,6812018Assets 2019: $1,741,041Liabilities 2019: $45,583Net Assets 2019: $1,695,4582019Assets 2020: $1,820,612Liabilities 2020: $92,239Net Assets 2020: $1,728,3732020Assets 2021: $2,017,425Liabilities 2021: $215,044Net Assets 2021: $1,802,3812021Assets 2022: $2,135,703Liabilities 2022: $144,878Net Assets 2022: $1,990,8252022Assets 2023: $2,584,401Liabilities 2023: $117,768Net Assets 2023: $2,466,6332023Assets 2024: $2,224,237Liabilities 2024: $128,541Net Assets 2024: $2,095,6962024

Highlighted filing

2024

Assets$2,224,237
Liabilities$128,541
Net Assets$2,095,696

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $451,1502011Expenses 2012: $345,0692012Revenue 2013: $327,103Expenses 2013: $342,464Net Income 2013: -$15,3612013Revenue 2014: $352,985Expenses 2014: $368,941Net Income 2014: -$15,9562014Revenue 2015: $331,126Expenses 2015: $373,766Net Income 2015: -$42,6402015Revenue 2016: $343,120Expenses 2016: $386,128Net Income 2016: -$43,0082016Revenue 2017: $354,987Expenses 2017: $387,631Net Income 2017: -$32,6442017Revenue 2018: $330,117Expenses 2018: $360,675Net Income 2018: -$30,5582018Revenue 2019: $298,129Expenses 2019: $354,352Net Income 2019: -$56,2232019Revenue 2020: $351,967Expenses 2020: $319,052Net Income 2020: $32,9152020Revenue 2021: $397,645Expenses 2021: $323,637Net Income 2021: $74,0082021Revenue 2022: $684,891Expenses 2022: $496,447Net Income 2022: $188,4442022Revenue 2023: $1,632,428Expenses 2023: $1,156,620Net Income 2023: $475,8082023Revenue 2024: $551,806Expenses 2024: $922,743Net Income 2024: -$370,9372024

Highlighted filing

2024

Revenue$551,806
Expenses$922,743
Net Income-$370,937

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.22$0.13$2.10$0.55$0.92$0.37
2023Detailed filing. Detailed filing data is available for this year.$2.58$0.12$2.47$1.63$1.16$0.48
2022Detailed filing. Detailed filing data is available for this year.$2.14$0.14$1.99$0.68$0.50$0.19
2021Detailed filing. Detailed filing data is available for this year.$2.02$0.22$1.80$0.40$0.32$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.82$0.09$1.73$0.35$0.32$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.74$0.05$1.70$0.30$0.35$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.87$0.12$1.75$0.33$0.36$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.91$0.13$1.78$0.35$0.39$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.88$0.06$1.81$0.34$0.39$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.92$0.06$1.86$0.33$0.37$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.94$0.04$1.90$0.35$0.37$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.96$0.04$1.92$0.33$0.34$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.04$1.93$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.04$1.91$0.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 30, 2025
Return Version
2024v5.0
Gross Receipts
$551,806
Mission and Program Overview

Mission

To further economic development in the ashland county area of wisconsin.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$963,918$961,488▼ $2,430
Savings and Temporary Cash Investments$716,983$432,974▼ $284,009
Other Notes and Loans Receivable, Net$27,273$53,381▲ $26,108
Accounts Receivable$127,311$2,881▼ $124,430
Cash and Non-Interest-Bearing Accounts$748,860$200▼ $748,660
Total Assets$2,584,401$2,224,237▼ $360,164
Other Assets Total$56$773,313▲ $773,257
Liabilities
Accounts Payable and Accrued Expenses$49,696$69,611▲ $19,915
Unsecured Notes Loans Payable$63,209$56,105▼ $7,104
Deferred Revenue$4,863$2,825▼ $2,038
Total Liabilities$117,768$128,541▲ $10,773
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,215,960$1,843,800▼ $372,160
Net Assets With Donor Restrictions$250,673$251,896▲ $1,223
Total Net Assets Fund Balance$2,466,633$2,095,696▼ $370,937
Total Liabilities and Net Assets / Fund Balance$2,584,401$2,224,237▼ $360,164

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$894,160$848,200$1,742,360
Land$67,328-$67,328
Equipment-$6,085$6,085
Other Assets Org$56--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jason FischbachPresident
Brant KuceraDirector
Daniel GrangerDirector
Mari Kay NaboznyDirector
Mary McphetridgeDirector
Tyler WickmanDirector
Tom WojciechowskiSecretary
Tony SinglerTreasurer
Rob PraterVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$227,014
Program Service Revenue
$284,794
Investment Income
$35,765
Other Revenue
$4,233
All Other Contributions
$14,500
Change in Net Assets
$-370,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$533,312
Salaries, Compensation, and Employee Benefits$389,431
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,926$241,944-$334,870
Occupancy$33,290$46,020-$79,310
Depreciation Depletion$48,795--$48,795
Other Employee Benefits$7,979$20,776-$28,755
Payroll Taxes$7,161$18,645-$25,806
Insurance$18,456--$18,456
All Other Expenses$13,006--$13,006
Office Expenses-$10,103-$10,103
Advertising$9,923--$9,923
Travel$7,491--$7,491
Other Expenses$3,788--$3,788
Fees for Services Accounting-$3,400-$3,400
Interest$1,901--$1,901
Total Functional Expenses$581,855$340,888$0$922,743
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
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 executive director reviews the form 990. Officers from the board of directors review and sign the form 990 and applicable state form.

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

The executive directors salary is reviewed on an annual basis by the board of directors.

Form 990, Page 6, Part VI, Line 19

The organizations governing documents and financial statements are available upon request after next board meeting.

Filing and Contact Details

Filer

Filer Name
Ashland Area Development Corp
EIN
39-1483663
Phone
7156828344
Address
422 3RD ST W RM/STE 101, ASHLAND, WI 54806

Signing Officer

Name
Tony Singler
Title
Treasurer
Phone
7156828344
Signed
2025-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Singler
Formed
1984
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
9

Preparer

Firm
Maitland Singler & Van Vlack Sc
Address
306 W 3RD STREET, ASHLAND, WI 54806
Preparer
Tony J Singler
Phone
7156825544
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 101,887
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0314651
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0258750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0231717
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0220831
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IRS990ScheduleA/InvestmentIncomeCYPct00.02000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06085
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1372905
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt256
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PASS THRU CASH ON HAND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RLF ACCOUNTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PATRONAGE STOCK
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990. OFFICERS FROM THE BOARD OF DIRECTORS REVIEW AND SIGN THE FORM 990 AND APPLICABLE STATE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTORS SALARY IS REVIEWED ON AN ANNUAL BASIS BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AFTER NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07156828344
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASHLAND AREA DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0ASHL
ReturnHeader/Filer/EIN0391483663
ReturnHeader/Filer/PhoneNum07156828344
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ReturnHeader/Filer/USAddress/CityNm0ASHLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI

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