Civic Intelligence

Racine County Economic Development Corporation

990 • Fiscal year 2022 • EIN 93-0846583

Jan 01, 2022 to Dec 31, 2022 • Filed on May 11, 2023

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

0.16x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.63x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

85th percentile

41%

Higher net margin than 85% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

56th percentile

$194,436

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

76th percentile

15%

Faster asset growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

14th percentile

-26%

Faster revenue growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$13,208,071

Up $1,697,944 (+15%) from 2021

Net Assets

Up

$11,117,643

Up $1,365,698 (+14%) from 2021

Liabilities

Up

$2,090,428

Up $332,246 (+19%) from 2021

Revenue

Down

$3,305,317

Down $1,154,688 (-26%) from 2021

Expenses

Down

$1,941,358

Down $370,353 (-16%) from 2021

Net Income

Down

$1,363,959

Down $784,335 (-37%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$13,208,071
Liabilities$2,090,428
Net Assets$11,117,643

Operations Trend

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

2022

Revenue$3,305,317
Expenses$1,941,358
Net Income$1,363,959
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$3,305,317
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
Other Notes and Loans Receivable, Net$5,113,708$6,409,982▲ $1,296,274
Cash and Non-Interest-Bearing Accounts$5,543,610$5,939,741▲ $396,131
Savings and Temporary Cash Investments$250,757$250,952▲ $195
Intangible Assets$217,551$217,551→ $0
Accounts Receivable$142,403$178,551▲ $36,148
Prepaid Expenses and Deferred Charges$41,665$44,845▲ $3,180
Pledges and Grants Receivable$23,845$0▼ $23,845
Land, Buildings, and Equipment, Net$29,467$18,642▼ $10,825
Total Assets$11,510,127$13,208,071▲ $1,697,944
Other Assets Total$147,121$147,807▲ $686
Liabilities
Other Liabilities$1,207,422$1,727,769▲ $520,347
Mortgage Notes Payable Secured by Investment Property$231,350$201,426▼ $29,924
Accounts Payable and Accrued Expenses$309,285$146,908▼ $162,377
Deferred Revenue$10,125$14,325▲ $4,200
Total Liabilities$1,758,182$2,090,428▲ $332,246
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,654,328$11,008,004▲ $1,353,676
Net Assets With Donor Restrictions$97,617$109,639▲ $12,022
Total Net Assets Fund Balance$9,751,945$11,117,643▲ $1,365,698
Total Liabilities and Net Assets / Fund Balance$11,510,127$13,208,071▲ $1,697,944

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,642$75,086$93,728
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jenny TrickExecutive DirectorFT$160,853$33,583$194,436
Carolyn EngelBusiness Finance ManagerFT$96,755$66,816$163,571

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Cliftonlarsonallen LLPAccounting220 S 6TH ST STE 300, Minneapolis, MN 55402$135,434
Revenue and Support

Revenue Composition

Contributions and Grants
$2,390,464
Program Service Revenue
$877,193
Investment Income
$15,561
Other Revenue
$22,099
All Other Contributions
$32,610
Change in Net Assets
$1,363,959

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,305,317
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,305,317
Total Revenue per Form 990
$3,305,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,288,990
Grants and Similar Amounts Paid$379,395
Other Expenses$272,973
Total Fundraising Expense$32,751
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$665,829$71,510$1,908$739,247
Grants to Domestic Orgs$379,395--$379,395
Current Officers, Directors, Trustees, and Key Employees$319,250$37,803$953$358,006
Fees for Services Accounting-$155,970-$155,970
Fees for Services Other$66,910$16,015-$82,925
Payroll Taxes$70,401$10,018$198$80,617
Other Employee Benefits$59,979$12,696$246$72,921
Information Technology$36,982$6,789-$43,771
Pension Plan Contributions$32,972$5,128$99$38,199
Occupancy$30,656$2,098$60$32,814
Insurance$28,973$2,804$83$31,860
Conferences and Meetings--$29,163$29,163
Travel$20,924$3,433-$24,357
Fees for Services Legal$18,757$3,541-$22,298
Advertising$17,582$3,154-$20,736
Office Expenses$14,010$4,791$11$18,812
Depreciation Depletion$11,542$1,004$30$12,576
Interest$8,187$3,888-$12,075
Other Expenses$6,941$834-$6,941
All Other Expenses$-267,978--$-267,978
Total Functional Expenses$1,565,637$342,970$32,751$1,941,358

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,941,358
Total Expenses per Audited Statements$1,941,358
Total Expenses per Form 990$1,941,358
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Balance of Mind Counseling and Behavioral ServicesUnion Grove, WI-Economic Relief$12,000
Balanced Fitness SolutionsMount Pleasant, WI-Economic Relief$12,000
Buisse Custom ArmsUnion Grove, WI-Economic Relief$12,000
Cabbage Heads IncFranksville, WI-Economic Relief$12,000
Cain Fitness LLCOak Creek, WI-Economic Relief$12,000
Citrine Professional Skin Care & MoreMount Pleasant, WI-Economic Relief$12,000
Core Connect Strategies LLCMount Pleasant, WI-Economic Relief$12,000
Destroy Iron Fitness LLCMount Pleasant, WI-Economic Relief$12,000
Gia Bella Flowers Gifts LLCBurlington, WI-Economic Relief$12,000
Hogs Nest SaloonKansasville, WI-Economic Relief$12,000
Jd Hegemann Enterprises LLCWaterford, WI-Economic Relief$12,000
No Limit Remodeling LLCWind Lake, WI-Economic Relief$12,000
O'BRIEN'S TIRE LLCMount Pleasant, WI-Economic Relief$12,000
Salon GlossRacine, WI-Economic Relief$12,000
School Days Mall Antiques LLCSturtevant, WI-Economic Relief$12,000
Sherwood Game FarmRacine, WI-Economic Relief$12,000
Stephans Auto ServiceRacine, WI-Economic Relief$12,000
Struckn Design LLCRacine, WI-Economic Relief$12,000
Wood Masters Custom FurnitureUnion Grove, WI-Economic Relief$12,000
Liberty PrintingFranksville, WI-Economic Relief$11,997
Beauty & Brow Artistry LLCUnion Grove, WI-Economic Relief$11,647
Reservoir VideoRacine, WI-Mount Pleasant Tourism$11,000
Graphic Sign Shop IncUnion Grove, WI-Economic Relief$9,824
Wings Studio and Boutique LLCSalem, WI-Economic Relief$8,815
MICHELLE'S PARLOR LLCMount Pleasant, WI-Economic Relief$8,024
Marie Alise BeautyMount Pleasant, WI-Economic Relief$5,768
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
Undisbursed Loan Fund Capital$1,705,827
Operating Lease-current$11,880
Operating Lease-long-term$10,062
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
David Griffith
Title
President
Phone
2628987424
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Griffith
Formed
1983
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
19
Volunteers
58

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:

Topic 842 adjustment 1,739.

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, 2022, 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/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10166197
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11135015
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
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
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt02195059
IRS990/GrantAmt0355156
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0379395
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0379395
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03305317
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt06789
IRS990/InformationTechnologyGrp/ProgramServicesAmt036982
IRS990/InformationTechnologyGrp/TotalAmt043771
IRS990/InsuranceGrp/FundraisingAmt083
IRS990/InsuranceGrp/ManagementAndGeneralAmt02804
IRS990/InsuranceGrp/ProgramServicesAmt028973
IRS990/InsuranceGrp/TotalAmt031860
IRS990/IntangibleAssetsGrp/BOYAmt0217551
IRS990/IntangibleAssetsGrp/EOYAmt0217551
IRS990/InterestGrp/ManagementAndGeneralAmt03888
IRS990/InterestGrp/ProgramServicesAmt08187
IRS990/InterestGrp/TotalAmt012075
IRS990/InvestmentIncomeGrp/ExclusionAmt015561
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015561
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt040
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt075086
IRS990/LandBldgEquipBasisNetGrp/BOYAmt029467
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018642
IRS990/LandBldgEquipCostOrOtherBssAmt093728
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0162795
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/BOYAmt0231350
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0201426
IRS990/NetAssetsOrFundBalancesBOYAmt09751945
IRS990/NetAssetsOrFundBalancesEOYAmt011117643
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09654328
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011008004
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt060
IRS990/OccupancyGrp/ManagementAndGeneralAmt02098
IRS990/OccupancyGrp/ProgramServicesAmt030656
IRS990/OccupancyGrp/TotalAmt032814
IRS990/OfficeExpensesGrp/FundraisingAmt011
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04791
IRS990/OfficeExpensesGrp/ProgramServicesAmt014010
IRS990/OfficeExpensesGrp/TotalAmt018812
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0147121
IRS990/OtherAssetsTotalGrp/EOYAmt0147807
IRS990/OtherChangesInNetAssetsAmt01739
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0246
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012696
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt059979
IRS990/OtherEmployeeBenefitsGrp/TotalAmt072921
IRS990/OtherExpensesGrp/Desc0WORKSHOPS AND SEMINARS
IRS990/OtherExpensesGrp/Desc1STAFF TRAINING AND DEVE
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3LOAN PROCESSING COSTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01494
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1834
IRS990/OtherExpensesGrp/ProgramServicesAmt030032
IRS990/OtherExpensesGrp/ProgramServicesAmt17429
IRS990/OtherExpensesGrp/ProgramServicesAmt26864
IRS990/OtherExpensesGrp/ProgramServicesAmt36941
IRS990/OtherExpensesGrp/TotalAmt030032
IRS990/OtherExpensesGrp/TotalAmt18923
IRS990/OtherExpensesGrp/TotalAmt27698
IRS990/OtherExpensesGrp/TotalAmt36941
IRS990/OtherLiabilitiesGrp/BOYAmt01207422
IRS990/OtherLiabilitiesGrp/EOYAmt01727769
IRS990/OtherRevenueMiscGrp/BusinessCd0611430
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt022099
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt022099
IRS990/OtherRevenueTotalAmt022099
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01908
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt071510
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0665829
IRS990/OtherSalariesAndWagesGrp/TotalAmt0739247
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05113708
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06409982
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0198
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010018
IRS990/PayrollTaxesGrp/ProgramServicesAmt070401
IRS990/PayrollTaxesGrp/TotalAmt080617
IRS990/PensionPlanContributionsGrp/FundraisingAmt099
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05128
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt032972
IRS990/PensionPlanContributionsGrp/TotalAmt038199
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt023845
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041665
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044845
IRS990/PrincipalOfficerNm0DAVID GRIFFITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/BusinessCd3611430
IRS990/ProgramServiceRevenueGrp/BusinessCd4522291
IRS990/ProgramServiceRevenueGrp/Desc0SBA SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1REVOLVING LOAN ADMIN
IRS990/ProgramServiceRevenueGrp/Desc2MGT FEES REAL RACINE
IRS990/ProgramServiceRevenueGrp/Desc3CEO ROUNDTABLE
IRS990/ProgramServiceRevenueGrp/Desc4REVOLVING LOAN PREP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0530866
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1223402
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239646
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt334000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt430791
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0530866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1223402
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt334000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt430791
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/ExpenseAmt0486564
IRS990/ProgSrvcAccomActy2Grp/GrantAmt024239
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt052487
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03526729
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt050718
IRS990/PYInvestmentIncomeAmt0815
IRS990/PYOtherExpensesAmt01187163
IRS990/PYOtherRevenueAmt07810
IRS990/PYProgramServiceRevenueAmt0924651
IRS990/PYRevenuesLessExpensesAmt02148294
IRS990/PYSalariesCompEmpBnftPaidAmt01073830
IRS990/PYTotalExpensesAmt02311711
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04460005
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01363959
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0824706
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0250757
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0250952
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02390464
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03526729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0883186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0871808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0742376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08414563
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015561
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0815
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012186
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04715
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt042901
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04819527
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt022099
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07810
IRS990ScheduleA/OtherIncome170Grp/TotalAmt029909
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99140
IRS990ScheduleA/PublicSupportPY170Pct00.74400
IRS990ScheduleA/PublicSupportTotal170Amt08414563
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02390464
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03526729
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0883186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0871808
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0742376
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08414563

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Filings

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
2022Detailed filing. Detailed filing data is available for this year.$13.2$2.09$11.1$3.31$1.94$1.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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