Liabilities / Assets
72nd percentile
Higher debt load relative to assets than 72% of similar nonprofits.
Community Economic Development Corp
EIN 39-1866459 • 501(c)3 • Racine, WI
Profile
To promote business development and financial programs primarily for minority entrepreneurs in the city of racine.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.04x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
18th percentile
Higher net margin than 18% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
38th percentile
Faster asset growth than 38% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
Balance Sheet
Assets
Down$209,383
Down $23,373 (-10%) from 2012
Liabilities
Down$7,409
Down $2 (-0.0%) from 2012
Net Assets
Down$201,974
Down $23,371 (-10%) from 2012
Revenue
Up$17,019
Up $8,451 (+99%) from 2012
Expenses
Up$22,480
Up $14,999 (+200%) from 2012
Net Income
Down-$5,461
Down $6,548 (-602%) from 2012
Trend Graphs
Filings
Most recent year
2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $209,383
- Liabilities
- $7,409
- Net assets
- $201,974
- Revenue
- $17,019
- Expenses
- $22,480
- Net income
- -$5,461
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- Nov 14, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $17,019
Mission and Program Overview
Mission
To promote business development and financial programs primarily for minority entrepreneurs in the city of racine.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| 1MINORITY BUSINESS DEVELOPMENT PROGRAM - IN ORDER TO PROMOTE BUSINESS DEVELOPMENT AND FINANCIAL PROGRAMS PRIMARILY FOR MINORITY ENTREPRENEURS IN THE CITY OF RACINE, THE ORGANIZATION GAVE LOANS TO 11 INDIVIDUALS/BUSINESSES. | $15,084 | - |
| MICRO-ENTERPRISE TECHNICAL ASSISTANCE PROGRAM- ASSISTS BUSINESSES EMPLOYING FIVE OR FEWER FULL-TIME EQUIVALENT EMPLOYEES, ONE OF WHOM IS THE OWNER, BY PROVIDING BUSINESS TRAINING AND /OR TECHNICAL SUPPORT SERVICES THROUGH VARIOUS LEVELS OF CLASSES AND TRAINING SESSIONS. THERE ARE TWO LOANS FROM THE WISCONSIN DEPARTMENT OF COMMERCE FOR $10,000 EACH. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| BRENT OGLESBY | Interim Ex Director | PT | $0 | - | - |
| MICHAEL D SHIELDS | Treasurer | - | $0 | - | - |
| MILOUS ADAMS | Director | - | $0 | - | - |
| GRICE WILLIAMS | Director | - | $0 | - | - |
| GEORGE BAUMGARDT | Secretary | - | $0 | - | - |
| EDUARDO HERRERA-MEIR | Director | - | $0 | - | - |
| GREG PATTERSON | Director | - | $0 | - | - |
| GEORGE STINSON | President | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 39-1866459
- Phone
- 2624980534
Signing Officer
- Name
- George Stinson
- Title
- President
- Signed
- 2014-11-14
- Discuss with paid preparer
- Yes
Preparer
- Preparer
- Michele Jones CPA
- Phone
- 2626347108
Supplemental Narrative
Additional Explanations
Other Revenue.1
“HOUSING INCOME $5422”
Other Expenses.1002
“Office Expenses $1491”
Other Expenses.1007
“Conferences, Conventions, and Meetings $275”
Other Expenses.1008
“Interest $68”
Other Expenses.1010
“Amortization $2891”
Other Expenses.1
“Contracted services $9881”
Other Expenses.2
“BAD DEBTS $5721”
Other Expenses.3
“Maintenance and Repairs $866”
Other Expenses.4
“MEETING EXPENSE $180”
Other Expenses.5
“LICENSES, PERMITS $137”
Other Assets.1002
“Furniture and Fixtures - Beginning $92 Furniture and Fixtures - Ending $0”
Other Assets.1003
“Machinery and Equipment - Beginning $2799 Machinery and Equipment - Ending $0”
Other Assets.1006
“Pledges and Grants Receivable - Beginning $43827 Pledges and Grants Receivable - Ending $43827”
Other Assets.1009
“Notes and Loans Receivable - Beginning $70816 Notes and Loans Receivable - Ending $62941”
Other Assets.1011
“Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $300”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $6709 Accounts Payable and Accrued Expenses - Ending $6709”
Total Liabilities.1003
“Deferred Revenue - Beginning $515 Deferred Revenue - Ending $515”
Total Liabilities.1
“- Beginning $0 - Ending $0”
Raw XML Appendix194 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.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | President |
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| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
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| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 107068 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 21510 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 5422 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 22480 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 15084 |
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| IRS990EZ/TransactionWithControlEntInd | 0 | false |
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| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
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| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.97930 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 455265 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | HOUSING INCOME $5422 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Office Expenses $1491 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Conferences, Conventions, and Meetings $275 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Interest $68 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Amortization $2891 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CONTRACTED SERVICES $9881 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | BAD DEBTS $5721 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Maintenance and Repairs $866 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | MEETING EXPENSE $180 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | LICENSES, PERMITS $137 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Furniture and Fixtures - Beginning $92 Furniture and Fixtures - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Machinery and Equipment - Beginning $2799 Machinery and Equipment - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Pledges and Grants Receivable - Beginning $43827 Pledges and Grants Receivable - Ending $43827 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Notes and Loans Receivable - Beginning $70816 Notes and Loans Receivable - Ending $62941 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $300 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | Accounts Payable and Accrued Expenses - Beginning $6709 Accounts Payable and Accrued Expenses - Ending $6709 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | Deferred Revenue - Beginning $515 Deferred Revenue - Ending $515 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | - Beginning $0 - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Revenue.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1007 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1008 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.1010 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Assets.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Other Assets.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Other Assets.1006 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Other Assets.1009 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Other Assets.1011 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Total Liabilities.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | Total Liabilities.1 |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | GEORGE STINSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | COMMUNITY ECONOMIC DEVELOPMENT CORP |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COMM |
| ReturnHeader/Filer/EIN | 0 | 391866459 |
| ReturnHeader/Filer/PhoneNum | 0 | 2624980534 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 2500 E CIRCLE DRIVE |
| ReturnHeader/Filer/USAddress/City | 0 | RACINE |
| ReturnHeader/Filer/USAddress/State | 0 | WI |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 53405 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | Gordon J Maier & Company LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 845 Wisconsin Avenue |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | Racine |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | WI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 53403 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2626347108 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MICHELE JONES CPA |
| ReturnHeader/ReturnTs | 0 | 2014-11-14T08:42:06-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
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