Form 990 for tax year 2023
Filed by VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC.
Totals
- Total revenue
- $244,793
- Total expenses
- $185,197
- Contributions and grants received
- $235,694
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $9,024
- Other revenue
- $75
- Total assets, end of year
- $210,246
- Total liabilities, end of year
- $2,545
- Net assets or fund balances, end of year
- $207,701
- Program services expenses (Part IX)
- $121,707
- Management and general expenses
- $42,001
- Fundraising expenses
- $21,489
- Program service expenses (Part III)
- $121,707
Program services were 65.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$235,694
-
3 · Investment income
total $8,888 · excluded $8,888
-
7a · Gross sales of assets other than inventory
securities $136
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $136
-
7d · Net gain or loss
total $136 · related or exempt $136
-
11a · Other revenue: CREDIT CARD REWARDS
total $75 · related or exempt $75
-
11e · Other revenue, total
$75
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $85,980 · program services $42,990 · management and general $25,794 · fundraising $17,196
-
7 · Other salaries and wages
total $27,675 · program services $27,675
-
8 · Pension plan contributions
total $4,707 · program services $2,769 · management and general $1,163 · fundraising $775
-
10 · Payroll taxes
total $9,198 · program services $5,719 · management and general $2,087 · fundraising $1,392
-
11c · Fees: accounting
total $2,931 · program services $147 · management and general $2,637 · fundraising $147
-
13 · Office expenses
total $3,465 · program services $1,386 · management and general $1,386 · fundraising $693
-
14 · Information technology
total $6,396 · program services $6,396
-
16 · Occupancy
total $4,800 · program services $240 · management and general $4,320 · fundraising $240
-
17 · Travel
total $167 · program services $8 · management and general $151 · fundraising $8
-
19 · Conferences, conventions and meetings
total $140 · management and general $140
-
22 · Depreciation, depletion and amortization
total $68 · management and general $68
-
23 · Insurance
total $2,653 · program services $642 · management and general $1,699 · fundraising $312
-
24a · Other expenses: TAWANI GRANT EXPENDITUR
total $24,062 · program services $24,062
-
24b · Other expenses: SPECIAL PROJECTS
total $5,721 · program services $5,721
-
24c · Other expenses: INTERNET\PHONE
total $1,775 · program services $710 · management and general $710 · fundraising $355
-
24d · Other expenses: MILEAGE
total $1,736 · program services $1,215 · management and general $347 · fundraising $174
-
24e · All other expenses
total $3,723 · program services $2,027 · management and general $1,499 · fundraising $197
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,717 · end of year $6,218
-
2 · Savings and temporary cash investments
beginning of year $149,264 · end of year $204,028
-
10a · Land, buildings and equipment: cost or other basis
$640
-
10b · Land, buildings and equipment: accumulated depreciation
$640
-
10c · Land, buildings and equipment, net
beginning of year $204 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,565 · end of year $2,545
-
27 · Net assets without donor restrictions
beginning of year $124,889 · end of year $176,756
-
28 · Net assets with donor restrictions
beginning of year $26,731 · end of year $30,945
Mission and programs · 2023
Mission
TO BE THE CATALYST FOR ECONOMIC INNOVATION AND SUSTAINABLE REGIONAL PROSPERITY THAT COMPLEMENTS OUR PRISTINE NORTHWOODS ENVIRONMENT AND QUALITY OF LIFE.
Activities or mission (Part I)
RECRUIT BUSINESSES TO VILAS COUNTY AND TO HELP EXISTING BUSINESSES TO EXPAND THEIR OPERATIONS WITHIN THE COUNTY
-
REGIONAL BUSINESS DEVELOPMENT
Expenses $121,707
As filed on the 2023 return.
Listed in Part VII
-
JOSEPH MUEHLBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TY ERICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRAD GAUTHIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PATTY KRARUP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NOAH LOTTIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM NIEMUTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CAROLYN RITTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KELLY COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PETER MOUW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAMES TUCKWELL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 20
-
RICHARD NELSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JON CHAMBERLAIN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
ELIZABETH DUEMMEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 March 2024
- IRS schema version
- 2023v4.0
- Source object
- 202440729349300224
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