Civic Intelligence

Racine County Economic Development Corporation

990 • Fiscal year 2021 • EIN 93-0846583

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 28, 2022

Organization ProfileWWW.RACINECOUNTYEDC.ORG

View Organization Page

2320 Renaissance BlvdSturtevant, WI 53177

(262) 898-7424

Siviq Scores

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

Liabilities / Assets

48th percentile

0.15x

Higher debt load relative to assets than 48% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.39x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

85th percentile

48%

Higher net margin than 85% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

58th percentile

$192,868

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

3rd percentile

-21%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

120%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$11,510,127

Down $3,045,168 (-21%) from 2020

Net Assets

Down

$9,751,945

Down $2,288,965 (-19%) from 2020

Liabilities

Down

$1,758,182

Down $756,203 (-30%) from 2020

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin85th percentile

Revenue

Up

$4,460,005

Up $2,433,145 (+120%) from 2020

Expenses

Up

$2,311,711

Up $62,489 (+2.8%) from 2020

Net Income

Up

$2,148,294

Up $2,370,656 (+1066%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $5,235,595Liabilities 2010: $564,748Net Assets 2010: $4,670,8472010Assets 2011: $5,646,055Liabilities 2011: $556,121Net Assets 2011: $5,089,9342011Assets 2012: $9,862,919Liabilities 2012: $5,102,445Net Assets 2012: $4,760,4742012Assets 2013: $11,896,440Liabilities 2013: $5,995,815Net Assets 2013: $5,900,6252013Assets 2014: $12,878,586Liabilities 2014: $5,723,397Net Assets 2014: $7,155,1892014Assets 2015: $14,314,532Liabilities 2015: $5,784,307Net Assets 2015: $8,530,2252015Assets 2016: $13,019,827Liabilities 2016: $4,301,007Net Assets 2016: $8,718,8202016Assets 2017: $16,094,143Liabilities 2017: $3,096,055Net Assets 2017: $12,998,0882017Assets 2018: $16,401,815Liabilities 2018: $3,249,785Net Assets 2018: $13,152,0302018Assets 2019: $16,629,514Liabilities 2019: $3,904,963Net Assets 2019: $12,724,5512019Assets 2020: $14,555,295Liabilities 2020: $2,514,385Net Assets 2020: $12,040,9102020Assets 2021: $11,510,127Liabilities 2021: $1,758,182Net Assets 2021: $9,751,9452021Assets 2022: $13,208,071Liabilities 2022: $2,090,428Net Assets 2022: $11,117,6432022Assets 2023: $13,068,523Liabilities 2023: $1,393,394Net Assets 2023: $11,675,1292023Assets 2024: $13,581,008Liabilities 2024: $2,006,484Net Assets 2024: $11,574,5242024

Highlighted filing

2021

Assets$11,510,127
Liabilities$1,758,182
Net Assets$9,751,945
Open 2021 Filing

Operations Trend

Revenue Growth90th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,587,8472010Expenses 2011: $1,523,8922011Expenses 2012: $1,605,0702012Revenue 2013: $2,827,960Expenses 2013: $1,687,809Net Income 2013: $1,140,1512013Revenue 2014: $3,057,412Expenses 2014: $1,802,848Net Income 2014: $1,254,5642014Revenue 2015: $2,801,852Expenses 2015: $1,517,235Net Income 2015: $1,284,6172015Revenue 2016: $2,608,894Expenses 2016: $2,420,299Net Income 2016: $188,5952016Revenue 2017: $6,385,533Expenses 2017: $2,106,265Net Income 2017: $4,279,2682017Revenue 2018: $1,918,897Expenses 2018: $1,764,955Net Income 2018: $153,9422018Revenue 2019: $1,765,171Expenses 2019: $2,192,650Net Income 2019: -$427,4792019Revenue 2020: $2,026,860Expenses 2020: $2,249,222Net Income 2020: -$222,3622020Revenue 2021: $4,460,005Expenses 2021: $2,311,711Net Income 2021: $2,148,2942021Revenue 2022: $3,305,317Expenses 2022: $1,941,358Net Income 2022: $1,363,9592022Revenue 2023: $2,577,707Expenses 2023: $2,020,221Net Income 2023: $557,4862023Revenue 2024: $2,025,635Expenses 2024: $2,126,240Net Income 2024: -$100,6052024

Highlighted filing

2021

Revenue$4,460,005
Expenses$2,311,711
Net Income$2,148,294
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 28, 2022
Return Version
2021v4.2
Gross Receipts
$4,460,005
Mission and Program Overview

Mission

To provide Economic Development services including business recruitment, expansion, business financing, community and workforce developement.

To provide economic development services including business recruitment, expansion, business financing, community and workforce development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,897,824$5,543,610▼ $354,214
Other Notes and Loans Receivable, Net$7,902,186$5,113,708▼ $2,788,478
Savings and Temporary Cash Investments-$250,757-
Intangible Assets$217,551$217,551→ $0
Accounts Receivable$211,430$142,403▼ $69,027
Prepaid Expenses and Deferred Charges$40,788$41,665▲ $877
Land, Buildings, and Equipment, Net$35,467$29,467▼ $6,000
Pledges and Grants Receivable-$23,845-
Total Assets$14,555,295$11,510,127▼ $3,045,168
Other Assets Total$250,049$147,121▼ $102,928
Liabilities
Other Liabilities$1,773,607$1,207,422▼ $566,185
Accounts Payable and Accrued Expenses$222,322$309,285▲ $86,963
Mortgage Notes Payable Secured by Investment Property$262,773$231,350▼ $31,423
Grants Payable$177,483--
Deferred Revenue$78,200$10,125▼ $68,075
Total Liabilities$2,514,385$1,758,182▼ $756,203
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,549,948$9,654,328▼ $1,895,620
Net Assets With Donor Restrictions$490,962$97,617▼ $393,345
Total Net Assets Fund Balance$12,040,910$9,751,945▼ $2,288,965
Total Liabilities and Net Assets / Fund Balance$14,555,295$11,510,127▼ $3,045,168

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,467$62,510$91,977
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jenny TrickExecutive DirectorFT$156,177$36,691$192,868
Carolyn EngelBusiness Finance ManagerFT$102,982$26,744$129,726

Board Members and Trustees

NameTitle
Lisa JustChairman
Gregory BarronPresident
Cory MasonDirector
Jonathan DelagraveDirector
Julie AndersonDirector
David Griffith1st VP
John Crimmings2nd VP
Scott Menke3rd VP
Wesley RicchioSecretary
Karla KrehbielTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cliftonlarsonallen LLPAccounting220 S 6TH ST STE 300, Minneapolis, MN 55402$120,535
Stafford Rosenbaum LLPLegalPO BOX 1784, Madison, WI 53701-1784$102,965
Revenue and Support

Revenue Composition

Contributions and Grants
$3,526,729
Program Service Revenue
$924,651
Investment Income
$815
Other Revenue
$7,810
All Other Contributions
$83,000
Change in Net Assets
$2,148,294

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,460,005
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,460,005
Total Revenue per Form 990
$4,460,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,187,163
Salaries, Compensation, and Employee Benefits$1,073,830
Grants and Similar Amounts Paid$50,718
Total Fundraising Expense$24,162
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$626,521$81,715$3,437$711,673
Current Officers, Directors, Trustees, and Key Employees$169,554$22,391$922$192,867
Fees for Services Accounting-$143,978-$143,978
Fees for Services Other$83,605$7,687$392$91,684
Payroll Taxes$62,463$9,116$303$71,882
Other Employee Benefits$54,811$7,797$276$62,884
Grants to Domestic Orgs$50,718--$50,718
All Other Expenses$41,755$280$13$42,048
Pension Plan Contributions$29,961$4,408$155$34,524
Other Expenses$30,674$80,000$6$30,674
Insurance$26,687$3,150$146$29,983
Information Technology$26,101$928$43$27,072
Occupancy$23,951$2,407$183$26,541
Office Expenses$21,125$1,164$54$22,343
Conferences and Meetings$899-$18,121$19,020
Advertising$17,014$801-$17,815
Interest$13,146$1,874$6$15,026
Travel$13,940$457$21$14,418
Depreciation Depletion$10,501$1,178$54$11,733
Fees for Services Legal$5,397$645$30$6,072
Total Functional Expenses$1,917,439$370,110$24,162$2,311,711

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,311,711
Total Expenses per Audited Statements$2,311,711
Total Expenses per Form 990$2,311,711
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Fund Capitalization Not Yet Disbursed$1,205,827
Capital Lease$1,595
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The form 990 is reviewed by an outside accountant, executive director, and the board of directors which is the governing body of rcedc.”

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

“All officers, directors, and key employees are required to report conflict of interest as they arise. Additionally, they must annually complete a conflict of interest form.”

Form 990, Part VI, Section B, Line 15

“The board of directors adopted a compensation policy for the executive director and staff that includes the engagement of a third-party consultant to review salaries and market conditions. The board directs the executive director to incorporate the salary recommendations within the next year's budget. Once the budget is adopted by the board, the executive director prepares and signs individual memos for each staff indicating any salary changes. The executive director also prepares a similar memo for the executive director, which is reviewed and signed by the board president. The executive director also sends required paperwork to its payroll company to make the approved changes.”

Form 990, Part VI, Section C, Line 19

“The 990 and other documents are available at the rcedc offices for inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Racine County Economic Development
EIN
93-0846583
Phone
2628987424
Address
2320 RENAISSANCE BLVD, STURTEVANT, WI 53177

Signing Officer

Name
Gregory Barron
Title
President
Phone
2628987424
Signed
2022-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Barron
Formed
1983
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
20
Volunteers
32

Preparer

Firm
Ritz Holman Llp
Address
330 E KILBOURN AVE SUITE 550, MILWAUKEE, WI 53202
Preparer
Diana G Luttmann
Phone
4142711451
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Policy change on reserve for forgivable loans and funds held in trust -4,437,259.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income tax under section 501(c)(3) of internal revenue code and is classified as other than a private foundation. Management has reviewed all tax positions recognized in previously filed tax returns and those expected to be taken in future tax returns. As of december 31, 2021, the organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21ST VP
IRS990/Form990PartVIISectionAGrp/TitleTxt32ND VP
IRS990/Form990PartVIISectionAGrp/TitleTxt43RD VP
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11BUSINESS FINANCE MANAGER
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IRS990/FSAuditedInd01
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IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt03300344
IRS990/GrantsPayableGrp/BOYAmt0177483
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt050718
IRS990/GrantsToDomesticOrgsGrp/TotalAmt050718
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04460005
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0928
IRS990/InformationTechnologyGrp/ProgramServicesAmt026101
IRS990/InformationTechnologyGrp/TotalAmt027072
IRS990/InsuranceGrp/FundraisingAmt0146
IRS990/InsuranceGrp/ManagementAndGeneralAmt03150
IRS990/InsuranceGrp/ProgramServicesAmt026687
IRS990/InsuranceGrp/TotalAmt029983
IRS990/IntangibleAssetsGrp/BOYAmt0217551
IRS990/IntangibleAssetsGrp/EOYAmt0217551
IRS990/InterestGrp/FundraisingAmt06
IRS990/InterestGrp/ManagementAndGeneralAmt01874
IRS990/InterestGrp/ProgramServicesAmt013146
IRS990/InterestGrp/TotalAmt015026
IRS990/InvestmentIncomeGrp/ExclusionAmt0815
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0815
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt029467
IRS990/LandBldgEquipCostOrOtherBssAmt091977
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0143385
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE ECONOMIC DEVELOPMENT SERVICES INCLUDING BUSINESS RECRUITMENT, EXPANSION, BUSINESS FINANCING, COMMUNITY AND WORKFORCE DEVELOPMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0262773
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0231350
IRS990/NetAssetsOrFundBalancesBOYAmt012040910
IRS990/NetAssetsOrFundBalancesEOYAmt09751945
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt011549948
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09654328
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0183
IRS990/OccupancyGrp/ManagementAndGeneralAmt02407
IRS990/OccupancyGrp/ProgramServicesAmt023951
IRS990/OccupancyGrp/TotalAmt026541
IRS990/OfficeExpensesGrp/FundraisingAmt054
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01164
IRS990/OfficeExpensesGrp/ProgramServicesAmt021125
IRS990/OfficeExpensesGrp/TotalAmt022343
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0250049
IRS990/OtherAssetsTotalGrp/EOYAmt0147121
IRS990/OtherChangesInNetAssetsAmt0-4437259
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0276
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07797
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt054811
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062884
IRS990/OtherExpensesGrp/Desc0LOAN LOSS RESERVE
IRS990/OtherExpensesGrp/Desc1MT. PLEASANT TOURISM EX
IRS990/OtherExpensesGrp/Desc2WRITE OFF OF VOC CREDIT
IRS990/OtherExpensesGrp/Desc3WORKSHOPS AND SEMINARS
IRS990/OtherExpensesGrp/FundraisingAmt06
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0134
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt180000
IRS990/OtherExpensesGrp/ProgramServicesAmt0515417
IRS990/OtherExpensesGrp/ProgramServicesAmt193199
IRS990/OtherExpensesGrp/ProgramServicesAmt230674
IRS990/OtherExpensesGrp/TotalAmt0515417
IRS990/OtherExpensesGrp/TotalAmt193339
IRS990/OtherExpensesGrp/TotalAmt280000
IRS990/OtherExpensesGrp/TotalAmt330674
IRS990/OtherLiabilitiesGrp/BOYAmt01773607
IRS990/OtherLiabilitiesGrp/EOYAmt01207422
IRS990/OtherRevenueMiscGrp/BusinessCd0611430
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt07810
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07810
IRS990/OtherRevenueTotalAmt07810
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03437
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt081715
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0626521
IRS990/OtherSalariesAndWagesGrp/TotalAmt0711673
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07902186
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05113708
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0303
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09116
IRS990/PayrollTaxesGrp/ProgramServicesAmt062463
IRS990/PayrollTaxesGrp/TotalAmt071882
IRS990/PensionPlanContributionsGrp/FundraisingAmt0155
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04408
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt029961
IRS990/PensionPlanContributionsGrp/TotalAmt034524
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt023845
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040788
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041665
IRS990/PrincipalOfficerNm0GREGORY BARRON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3611430
IRS990/ProgramServiceRevenueGrp/BusinessCd4611430
IRS990/ProgramServiceRevenueGrp/Desc0SBA SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1REVOLVING LOAN FUND AD
IRS990/ProgramServiceRevenueGrp/Desc2REVOLVING LOAN PREP FE
IRS990/ProgramServiceRevenueGrp/Desc3CEO ROUNDTABLE
IRS990/ProgramServiceRevenueGrp/Desc4WORKSHOPS AND SEMINARS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0698051
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1137811
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239821
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt336550
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt412418
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0698051
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1137811
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239821
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt336550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt412418
IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS DEVELOPMENT: CONDUCTS VARIOUS BUSINESS DEVELOPMENT PROGRAMS AS PART OF ITS ECONOMIC DEVELOPMENT PLAN DIVISION. THESE PROGRAMS INCLUDE BUSINESS RETENTION AND EXPANSION AND TALENT ATTRACTION TO IDENTIFY AND IMPLEMENT STRATEGIES TO ADDRESS THE NEEDS OF EXISTING BUSINESSES THROUGHOUT RACINE COUNTY. IT ALSO CONDUCTS BUSINESS RECRUITMENT FOR COMPANIES THAT ARE SEEKING A LOCATION FOR BUSINESS IN RACINE COUNTY.COMMUNITY DEVELOPMENT: PROVIDES A VARIETY OF COMMUNITY DEVELOPMENT ASSISTANCE, SUCH AS BROWNFIELD AND GENERAL PROPERTY REDEVELOPMENT, DOWNTOWN AND COMMERCIAL CORRIDOR ASSISTANCE, THE CREATION AND EXPANSION OF BUSINESS PARKS, AND THE PROVISION OF SANITARY SEWER AND PUBLIC WATER TO AREAS THAT WILL ENABLE FUTURE BUSINESS DEVELOPMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0581588
IRS990/ProgSrvcAccomActy2Grp/GrantAmt050718
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt048968
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0883186
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012186
IRS990/PYOtherExpensesAmt01284153
IRS990/PYOtherRevenueAmt0302103
IRS990/PYProgramServiceRevenueAmt0829385
IRS990/PYRevenuesLessExpensesAmt0-222362
IRS990/PYSalariesCompEmpBnftPaidAmt0965069
IRS990/PYTotalExpensesAmt02249222
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02026860
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02148294
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0875683
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0250757
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03526729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0883186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0871808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0742376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05478615
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07810
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01129511

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,510,127
Liabilities
$1,758,182
Net assets
$9,751,945
Revenue
$4,460,005
Expenses
$2,311,711
Net income
$2,148,294
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$2.01$11.6$2.03$2.13$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$1.39$11.7$2.58$2.02$0.56
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$2.09$11.1$3.31$1.94$1.36
2021Detailed filing. Detailed filing data is available for this year.$11.5$1.76$9.75$4.46$2.31$2.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.6$2.51$12.0$2.03$2.25$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.6$3.90$12.7$1.77$2.19$0.43
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$3.25$13.2$1.92$1.76$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.1$3.10$13.0$6.39$2.11$4.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$4.30$8.72$2.61$2.42$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$5.78$8.53$2.80$1.52$1.28
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$5.72$7.16$3.06$1.80$1.25
2013Detailed filing. Detailed filing data is available for this year.$11.9$6.00$5.90$2.83$1.69$1.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.86$5.10$4.76$1.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.65$0.56$5.09$1.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.24$0.56$4.67$1.59