Civic Intelligence

Sheboygan County Economic Development Corporation

990 • Fiscal year 2018 • EIN 39-1487364

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

508 New York Ave No 209Sheboygan, WI 53081

(920) 452-2479

Siviq Scores

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

Liabilities / Assets

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

47th percentile

0.03x

Higher debt load relative to revenue than 47% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Net Margin

57th percentile

9.2%

Higher net margin than 57% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$99,869

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2018

Asset Growth

65th percentile

5.1%

Faster asset growth than 65% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

3.1%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$942,471

Up $45,797 (+5.1%) from 2017

Net Assets

Up

$928,778

Up $49,057 (+5.6%) from 2017

Liabilities

Down

$13,693

Down $3,260 (-19%) from 2017

Revenue

Up

$533,943

Up $15,974 (+3.1%) from 2017

Expenses

Down

$484,886

Down $56,078 (-10%) from 2017

Net Income

Up

$49,057

Up $72,052 (+313%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $358,531Liabilities 2010: $11,001Net Assets 2010: $347,5302010Assets 2011: $451,746Liabilities 2011: $23,706Net Assets 2011: $428,0402011Assets 2012: $583,638Liabilities 2012: $17,671Net Assets 2012: $565,9672012Assets 2013: $758,128Liabilities 2013: $20,534Net Assets 2013: $737,5942013Assets 2014: $897,820Liabilities 2014: $20,955Net Assets 2014: $876,8652014Assets 2015: $912,846Liabilities 2015: $19,855Net Assets 2015: $892,9912015Assets 2016: $919,277Liabilities 2016: $16,561Net Assets 2016: $902,7162016Assets 2017: $896,674Liabilities 2017: $16,953Net Assets 2017: $879,7212017Assets 2018: $942,471Liabilities 2018: $13,693Net Assets 2018: $928,7782018Assets 2019: $976,023Liabilities 2019: $32,239Net Assets 2019: $943,7842019Assets 2020: $829,897Liabilities 2020: $12,851Net Assets 2020: $817,0462020Assets 2021: $919,422Liabilities 2021: $46,365Net Assets 2021: $873,0572021Assets 2022: $8,820,509Liabilities 2022: $83,795Net Assets 2022: $8,736,7142022Assets 2023: $11,035,340Liabilities 2023: $2,513,870Net Assets 2023: $8,521,4702023Assets 2024: $12,082,929Liabilities 2024: $3,682,965Net Assets 2024: $8,399,9642024

Highlighted filing

2018

Assets$942,471
Liabilities$13,693
Net Assets$928,778

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $297,4282010Expenses 2011: $256,3152011Expenses 2012: $244,1282012Revenue 2013: $443,490Expenses 2013: $271,863Net Income 2013: $171,6272013Revenue 2014: $447,514Expenses 2014: $308,243Net Income 2014: $139,2712014Revenue 2015: $465,864Expenses 2015: $449,738Net Income 2015: $16,1262015Revenue 2016: $490,061Expenses 2016: $480,336Net Income 2016: $9,7252016Revenue 2017: $517,969Expenses 2017: $540,964Net Income 2017: -$22,9952017Revenue 2018: $533,943Expenses 2018: $484,886Net Income 2018: $49,0572018Revenue 2019: $602,707Expenses 2019: $587,701Net Income 2019: $15,0062019Revenue 2020: $535,083Expenses 2020: $661,821Net Income 2020: -$126,7382020Revenue 2021: $660,064Expenses 2021: $604,053Net Income 2021: $56,0112021Revenue 2022: $8,614,396Expenses 2022: $750,739Net Income 2022: $7,863,6572022Revenue 2023: $885,029Expenses 2023: $895,424Net Income 2023: -$10,3952023Revenue 2024: $2,269,412Expenses 2024: $811,568Net Income 2024: $1,457,8442024

Highlighted filing

2018

Revenue$533,943
Expenses$484,886
Net Income$49,057
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$533,943
Mission and Program Overview

Mission

The mission of the sheboygan county economic development corporation (scedc), a countywide private/public partnership, is to lead economic development efforts to improve the economic well-being and long-term prosperity of the businesses, residents, and communities of sheboygan county.

Economic development efforts for the businesses, residents, and communities of sheboygan county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$423,622$461,067▲ $37,445
Savings and Temporary Cash Investments$242,490$243,336▲ $846
Other Notes and Loans Receivable, Net$225,000$225,000→ $0
Accounts Receivable$100$10,643▲ $10,543
Land, Buildings, and Equipment, Net$4,187$2,425▼ $1,762
Prepaid Expenses and Deferred Charges$1,275--
Total Assets$896,674$942,471▲ $45,797
Liabilities
Accounts Payable and Accrued Expenses$16,953$13,693▼ $3,260
Total Liabilities$16,953$13,693▼ $3,260
Net Assets / Fund Balance
Unrestricted Net Assets$879,721$928,778▲ $49,057
Total Net Assets Fund Balance$879,721$928,778▲ $49,057
Total Liabilities and Net Assets / Fund Balance$896,674$942,471▲ $45,797

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,273$18,200$19,473
Other Land Buildings$1,152$16,489$17,641
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dane ChecolinskiDirectorFT$99,869$99,869
Joseph SheehanExecutive DirectorFT$40,192$40,192

Board Members and Trustees

NameTitle
Gary DulmesPresident
Don HammondVice President
Adam PayneBoard Member
Allen WrubbelBoard Member
Amy MeyerBoard Member
Andrew BagnallBoard Member
Bob WernerBoard Member
Brian YergesBoard Member
Craig RoushBoard Member
Dave AldagBoard Member
Dave GraebnerBoard Member
David BlackBoard Member
David BollandBoard Member
David GassBoard Member
David SachseBoard Member
Deidre MartinezBoard Member
Grant PaulyBoard Member
Jim FieretagBoard Member
Jim GallimoreBoard Member
Jim TestwuideBoard Member
John RohdeBoard Member
Justin SelleBoard Member
Laura GummBoard Member
Lola RoehBoard Member
Louie GentineBoard Member
Martha VandeleestBoard Member
Max ScheuerBoard Member
Mel BlankeBoard Member
Michael BauerBoard Member
Mike BrotzBoard Member
Mike MoegenburgBoard Member
Mike SuprickBoard Member
Paul BarteltBoard Member
Paul CarlsenBoard Member
Randy RomanoskiBoard Member
Shad TenpasBoard Member
Steve HarrisonBoard Member
Teresa Van HornBoard Member
Thomas WegnerBoard Member
Tom LieblBoard Member
Tryg JacobsonBoard Member
Jodi SchoernerTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$512,838
Program Service Revenue
$0
Investment Income
$6,644
Other Revenue
$14,461
Change in Net Assets
$49,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$330,858
Other Expenses$154,028
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$112,049$28,012-$140,061
Other Salaries and Wages$101,465$25,366-$126,831
Advertising$72,486--$72,486
Other Employee Benefits$30,973$7,743-$38,716
Payroll Taxes$16,500$4,125-$20,625
Office Expenses$1,082$12,069-$13,151
Travel$6,517$2,172-$8,689
Information Technology-$7,143-$7,143
Other Expenses$5,008$2,836-$5,008
Pension Plan Contributions$3,700$925-$4,625
Conferences and Meetings-$2,271-$2,271
Depreciation Depletion$1,322$441-$1,763
All Other Expenses$116$987-$1,103
Fees for Services Accounting-$545-$545
Fees for Services Other-$262-$262
Fees for Services Legal-$64-$64
Total Functional Expenses$389,925$94,961$0$484,886
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,175
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, Part VI, Section A, Line 2

Our board consists of business leaders from across the county. Many directors have established relationships with one another and some board members are competitors. These connections are inevitable with a board this size. Each board member is required to sign an agreement that states each board member is not on the board for their own personal advantage or their friends and supporters.

Form 990, Part VI, Section B, Line 11B

The form 990 is available upon request.

Form 990, Part VI, Section B, Line 12C

Board members are required to annually disclose interests and these forms are reviewed.

Form 990, Part VI, Section B, Line 15

The director is reviewed annually by the personnel committee. A decision is then made by that committee if there should be a change in compensation. Reviews are performed at or around the start of the 4th quarter for all employees.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Sheboygan County Economic Development Co
EIN
39-1487364
Phone
9204522479
Address
508 NEW YORK AVE NO 209, SHEBOYGAN, WI 53081

Signing Officer

Name
Joe Sheehan
Title
Signing Officer
Phone
9204522479
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Sheehan
Formed
1984
Legal Domicile
Wi
Voting Board Members
41
Independent Board Members
41
Employees
7
Volunteers
40

Preparer

Firm
Cliftonlarsonallen Llp
Address
712 RIVERFRONT DRIVE SUITE 301, SHEBOYGAN, WI 53081
Preparer
Todd Mueller
Phone
9204580341
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0GARY DULMES
IRS990/Form990PartVIISectionAGrp/PersonNm1DON HAMMOND
IRS990/Form990PartVIISectionAGrp/PersonNm2JODI SCHOERNER
IRS990/Form990PartVIISectionAGrp/PersonNm3AMY MEYER
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVE ALDAG
IRS990/Form990PartVIISectionAGrp/PersonNm5ANDREW BAGNALL
IRS990/Form990PartVIISectionAGrp/PersonNm6PAUL BARTELT
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL BAUER
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID BLACK
IRS990/Form990PartVIISectionAGrp/PersonNm9MEL BLANKE
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVID BOLLAND
IRS990/Form990PartVIISectionAGrp/PersonNm11MIKE BROTZ
IRS990/Form990PartVIISectionAGrp/PersonNm12PAUL CARLSEN
IRS990/Form990PartVIISectionAGrp/PersonNm13JIM FIERETAG
IRS990/Form990PartVIISectionAGrp/PersonNm14JIM GALLIMORE
IRS990/Form990PartVIISectionAGrp/PersonNm15DAVID GASS
IRS990/Form990PartVIISectionAGrp/PersonNm16LOUIE GENTINE
IRS990/Form990PartVIISectionAGrp/PersonNm17DAVE GRAEBNER
IRS990/Form990PartVIISectionAGrp/PersonNm18LAURA GUMM
IRS990/Form990PartVIISectionAGrp/PersonNm19STEVE HARRISON
IRS990/Form990PartVIISectionAGrp/PersonNm20TRYG JACOBSON
IRS990/Form990PartVIISectionAGrp/PersonNm21TOM LIEBL
IRS990/Form990PartVIISectionAGrp/PersonNm22DEIDRE MARTINEZ
IRS990/Form990PartVIISectionAGrp/PersonNm23AMY MEYER
IRS990/Form990PartVIISectionAGrp/PersonNm24MIKE MOEGENBURG
IRS990/Form990PartVIISectionAGrp/PersonNm25GRANT PAULY
IRS990/Form990PartVIISectionAGrp/PersonNm26ADAM PAYNE
IRS990/Form990PartVIISectionAGrp/PersonNm27LOLA ROEH
IRS990/Form990PartVIISectionAGrp/PersonNm28JOHN ROHDE
IRS990/Form990PartVIISectionAGrp/PersonNm29RANDY ROMANOSKI
IRS990/Form990PartVIISectionAGrp/PersonNm30CRAIG ROUSH
IRS990/Form990PartVIISectionAGrp/PersonNm31DAVID SACHSE
IRS990/Form990PartVIISectionAGrp/PersonNm32MAX SCHEUER
IRS990/Form990PartVIISectionAGrp/PersonNm33JUSTIN SELLE
IRS990/Form990PartVIISectionAGrp/PersonNm34MIKE SUPRICK
IRS990/Form990PartVIISectionAGrp/PersonNm35SHAD TENPAS
IRS990/Form990PartVIISectionAGrp/PersonNm36JIM TESTWUIDE
IRS990/Form990PartVIISectionAGrp/PersonNm37TERESA VAN HORN
IRS990/Form990PartVIISectionAGrp/PersonNm38MARTHA VANDELEEST
IRS990/Form990PartVIISectionAGrp/PersonNm39THOMAS WEGNER
IRS990/Form990PartVIISectionAGrp/PersonNm40BOB WERNER
IRS990/Form990PartVIISectionAGrp/PersonNm41ALLEN WRUBBEL
IRS990/Form990PartVIISectionAGrp/PersonNm42BRIAN YERGES
IRS990/Form990PartVIISectionAGrp/PersonNm43JOSEPH SHEEHAN
IRS990/Form990PartVIISectionAGrp/PersonNm44DANE CHECOLINSKI
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt440
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt30BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt31BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt32BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt33BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt34BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt35BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt36BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt37BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt38BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt39BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt40BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt41BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt42BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt43EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt44DIRECTOR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$3.68$8.40$2.27$0.81$1.46
2023Detailed filing. Detailed filing data is available for this year.$11.0$2.51$8.52$0.89$0.90$0.01
2022Detailed filing. Detailed filing data is available for this year.$8.82$0.08$8.74$8.61$0.75$7.86
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.05$0.87$0.66$0.60$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.83$0.01$0.82$0.54$0.66$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.98$0.03$0.94$0.60$0.59$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.01$0.93$0.53$0.48$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.90$0.02$0.88$0.52$0.54$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.02$0.90$0.49$0.48$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.02$0.89$0.47$0.45$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.02$0.88$0.45$0.31$0.14
2013Detailed filing. Detailed filing data is available for this year.$0.76$0.02$0.74$0.44$0.27$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.02$0.57$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.02$0.43$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.01$0.35$0.30