Civic Intelligence

Downtown Kenosha Inc

990EZ • Fiscal year 2018 • EIN 46-5181193

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 03, 2019

5823 6th AveKenosha, WI 53140

(262) 653-2780

Siviq Scores

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

Liabilities / Assets

74th percentile

0.06x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

77th percentile

0.05x

Higher debt load relative to revenue than 77% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

59th percentile

7.4%

Higher net margin than 59% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

90th percentile

$40,217

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

67th percentile

14%

Faster asset growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

5.7%

Faster revenue growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$153,808

Up $18,444 (+14%) from 2017

Net Assets

Up

$144,750

Up $14,121 (+11%) from 2017

Liabilities

Up

$9,058

Up $4,323 (+91%) from 2017

Revenue

Up

$189,604

Up $10,261 (+5.7%) from 2017

Expenses

Up

$175,483

Up $54,798 (+45%) from 2017

Net Income

Down

$14,121

Down $44,537 (-76%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2013: $61,733Liabilities 2013: $13,6402013Assets 2014: $110,914Liabilities 2014: $21,449Net Assets 2014: $89,4652014Assets 2015: $102,833Liabilities 2015: $10,756Net Assets 2015: $92,0772015Assets 2016: $71,971Liabilities 2016: $0Net Assets 2016: $71,9712016Assets 2017: $135,364Liabilities 2017: $4,735Net Assets 2017: $130,6292017Assets 2018: $153,808Liabilities 2018: $9,058Net Assets 2018: $144,7502018Assets 2019: $168,705Liabilities 2019: $41,178Net Assets 2019: $127,5272019Assets 2020: $208,029Liabilities 2020: $35,266Net Assets 2020: $172,7632020Assets 2021: $90,839Liabilities 2021: $64,784Net Assets 2021: $26,0552021Assets 2022: $127,284Liabilities 2022: $359Net Assets 2022: $126,9252022Assets 2023: $0Net Assets 2023: $02023

Highlighted filing

2018

Assets$153,808
Liabilities$9,058
Net Assets$144,750

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $92,613Expenses 2013: $44,520Net Income 2013: $48,0932013Revenue 2014: $142,603Expenses 2014: $101,231Net Income 2014: $41,3722014Revenue 2015: $153,000Expenses 2015: $150,388Net Income 2015: $2,6122015Revenue 2016: $140,978Expenses 2016: $161,084Net Income 2016: -$20,1062016Revenue 2017: $179,343Expenses 2017: $120,685Net Income 2017: $58,6582017Revenue 2018: $189,604Expenses 2018: $175,483Net Income 2018: $14,1212018Revenue 2019: $240,515Expenses 2019: $248,388Net Income 2019: -$7,8732019Revenue 2020: $557,703Expenses 2020: $512,467Net Income 2020: $45,2362020Revenue 2021: $31,447Expenses 2021: $178,155Net Income 2021: -$146,7082021Revenue 2022: $172,894Expenses 2022: $72,024Net Income 2022: $100,8702022Revenue 2023: $575Expenses 2023: $127,500Net Income 2023: -$126,9252023

Highlighted filing

2018

Revenue$189,604
Expenses$175,483
Net Income$14,121
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 3, 2019
Return Version
2018v3.1
Gross Receipts
$189,604
Mission and Program Overview

Mission

Downtown kenosha, inc. Is a champion for a thriving and vibrant city center that honors traditions, celebrates progress, and engages our community in concerted efforts to foster a comfortable, welcoming and thriving environment where businesses, both new and old, prosper; wehre the community gaters; and where people of all ages and from all walks of life come to live, work, play, and invest.

Downtown kenosha inc. Is a champion for a thriving and vibrant city center that honors traditions, celebrates progress, and engages our community in concerted efforts to foster a comfortable, welcoming and thriving environment where businesses, both new and old, prosper; where the community gathers; and where people of all ages and from all walks of life come to live, work, play, and invest.

Program Services

DescriptionGrantsExpenses
FOUR VOLUNTEER COMMITTEES (DESIGN, ORGANIZATION, PROMOTION, AND ECONOMIC RESTRUCTURING) WERE ESTABLISHED AND EACH DEVELOPED WORK PLANS TO SUPPORT LOCAL BUSINESSES AND BRING NEW CUSTOMERS DOWNTOWN. KENOSHA WAS DESIGNATED A MAIN STREET COMMUNITY IN JULY 2013 AND, IN OCTOBER 2014, DOWNTOWN KENOSHA, INC. RECEIVED ITS 501(C)(3) STATUS AS A NON-PROFIT CORPORATION. DOWNTOWN KENOSHA, INC. HOSTS PROMOTIONAL EVENTS--INCLUDING MONTHLY SECOND SATURDAY EVENTS, A HOLIDAY TREE LIGHTING AND DOWNTOWN DECORATING EVENT, A WINTER SNOW DAZE FESTIVAL, AND AN EASTER EVENT--TO IMPROVE THE PERCEPTION OF DOWNTOWN AND ATTRACT A GROWING CUSTOMER BASE TO DOWNTOWN BUSINESSES. DOWNTOWN KENOSHA, INC. ALSO COORDINATED VISITS AND WORKED ON FEASIBILITY STUDIES FOR PROSPECTIVE DEVELOPERS TO REDEVELOP VACANT PROPERTIES IN THE DOWNTOWN AREA. DOWNTOWN KENOSHA, INC. DEVELOPED PLANS AND APPLIED FOR GRANTS FOR INFRASTRUCTURE IMPROVEMENTS AND TECHNICAL ASSISTANCE TO IMPROVE DOWNTOWN KENOSHAS PUBLIC SPACE, STREETSCAPE, ROADS, TRANSIT, AND PEDESTRIAN ACCESS.-$168,151
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NICOLE THOMSENFrmr Exec DiFT$39,661$556$40,217
ASHLEY MARCHETTIExecutive DiFT$9,500$285$9,785
HEATHER WESSLINGPresident-$0--
JENNIFER DOOLEY HOGANVice Preside-$0--
LOU MOLITORTreasurer-$0--
MARTIN LACOCKSecretary-$0--
KEVIN ERVINPast Preside-$0--
JOHN BOLDTDirector-$0--
RICK TAGLIAPIETRADirector-$0--
DEANNA GOODWINDirector-$0--
TOM O'CONNELLDirector-$0--
JOHN FOXDirector-$0--
RACHAEL HERNANDEZDirector-$0--
MATT MONROEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Downtown Kenosha Inc
EIN
46-5181193
Address
5823 6TH AVE, KENOSHA, WI 53140

Signing Officer

Name
Martin Lacock
Title
Secretary
Phone
2626532780
Signed
2019-08-03
Discuss with paid preparer
Yes

Preparer

Firm
Andrea & Orendorff Llp
Address
6300 76TH ST STE 200, KENOSHA, WI 53142-4018
Preparer
Mike Hedden
Phone
2626577716
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing/business develop 3,692 supplies 1,825 1,376 staff training 3,377 admin meetings 511 4,741 bank fee 239 committee expenses 74,529 membership/ subscriptions 561 misc 431 website 12,167 total 103,449

Form 990-ez, Part II, Line 24

Accounts receivable 1,500 8,400 total 1,500 8,400

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 4,735 9,058

Form 990-ez, Part III

Downtown kenosha inc. Is a champion for a thriving and vibrant city center that honors traditions, celebrates progress, and engages our community in concerted efforts to foster a comfortable, welcoming and thriving environment where businesses, both new and old, prosper; where the community gathers; and where people of all ages and from all walks of life come to live, work, play, and invest.

Form 990-ez, Part III, Line 28

Four volunteer committees (design, organization, promotion, and economic restructuring) were established and each developed work plans to support local businesses and bring new customers downtown. Kenosha was designated a main street community in july 2013 and, in october 2014, downtown kenosha, inc. Received its 501(c)(3) status as a non-profit corporation. Downtown kenosha, inc. Hosts promotional events--including monthly second saturday events, a holiday tree lighting and downtown decorating event, a winter snow daze festival, and an easter event--to improve the perception of downtown and attract a growing customer base to downtown businesses. Downtown kenosha, inc. Also coordinated visits and worked on feasibility studies for prospective developers to redevelop vacant properties in the downtown area. Downtown kenosha, inc. Developed plans and applied for grants for infrastructure improvements and technical assistance to improve downtown kenoshas public space, streetscape, roads, transit, and pedestrian access.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING/BUSINESS DEVELOP 3,692 SUPPLIES 1,825 1,376 STAFF TRAINING 3,377 ADMIN MEETINGS 511 4,741 BANK FEE 239 COMMITTEE EXPENSES 74,529 MEMBERSHIP/ SUBSCRIPTIONS 561 MISC 431 WEBSITE 12,167 TOTAL 103,449
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 1,500 8,400 TOTAL 1,500 8,400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 4,735 9,058
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOWNTOWN KENOSHA INC. IS A CHAMPION FOR A THRIVING AND VIBRANT CITY CENTER THAT HONORS TRADITIONS, CELEBRATES PROGRESS, AND ENGAGES OUR COMMUNITY IN CONCERTED EFFORTS TO FOSTER A COMFORTABLE, WELCOMING AND THRIVING ENVIRONMENT WHERE BUSINESSES, BOTH NEW AND OLD, PROSPER; WHERE THE COMMUNITY GATHERS; AND WHERE PEOPLE OF ALL AGES AND FROM ALL WALKS OF LIFE COME TO LIVE, WORK, PLAY, AND INVEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOUR VOLUNTEER COMMITTEES (DESIGN, ORGANIZATION, PROMOTION, AND ECONOMIC RESTRUCTURING) WERE ESTABLISHED AND EACH DEVELOPED WORK PLANS TO SUPPORT LOCAL BUSINESSES AND BRING NEW CUSTOMERS DOWNTOWN. KENOSHA WAS DESIGNATED A MAIN STREET COMMUNITY IN JULY 2013 AND, IN OCTOBER 2014, DOWNTOWN KENOSHA, INC. RECEIVED ITS 501(C)(3) STATUS AS A NON-PROFIT CORPORATION. DOWNTOWN KENOSHA, INC. HOSTS PROMOTIONAL EVENTS--INCLUDING MONTHLY SECOND SATURDAY EVENTS, A HOLIDAY TREE LIGHTING AND DOWNTOWN DECORATING EVENT, A WINTER SNOW DAZE FESTIVAL, AND AN EASTER EVENT--TO IMPROVE THE PERCEPTION OF DOWNTOWN AND ATTRACT A GROWING CUSTOMER BASE TO DOWNTOWN BUSINESSES. DOWNTOWN KENOSHA, INC. ALSO COORDINATED VISITS AND WORKED ON FEASIBILITY STUDIES FOR PROSPECTIVE DEVELOPERS TO REDEVELOP VACANT PROPERTIES IN THE DOWNTOWN AREA. DOWNTOWN KENOSHA, INC. DEVELOPED PLANS AND APPLIED FOR GRANTS FOR INFRASTRUCTURE IMPROVEMENTS AND TECHNICAL ASSISTANCE TO IMPROVE DOWNTOWN KENOSHAS PUBLIC SPACE, STREETSCAPE, ROADS, TRANSIT, AND PEDESTRIAN ACCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06300 76TH ST STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KENOSHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0531424018
ReturnHeader/PreparerPersonGrp/PhoneNum02626577716
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE HEDDEN
ReturnHeader/ReturnTs02019-08-06T08:52:00-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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