Totals
- Total revenue
- $1,632,428
- Total expenses
- $1,156,620
- Contributions and grants received
- $1,278,121
- Grants paid
- $0
- Program service revenue
- $314,651
- Investment income
- $20,020
- Other revenue
- $19,636
- Total assets, end of year
- $2,584,401
- Total liabilities, end of year
- $117,768
- Net assets or fund balances, end of year
- $2,466,633
- Program services expenses (Part IX)
- $882,018
- Management and general expenses
- $274,602
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $882,018
Program services were 76.3% 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.
-
1e · Government grants (contributions)
$1,265,121
-
1f · All other contributions, gifts and grants
$13,000
-
2a · Program service revenue: AAEC BUILDING RENT
total $300,009 · related or exempt $300,009
-
2b · Program service revenue: REVOLVING LOAN FUND INTEREST
total $12,409 · related or exempt $12,409
-
2c · Program service revenue: AAEC TENANT SERVICES
total $1,154 · related or exempt $1,154
-
2d · Program service revenue: ASHLAND CHAMBER-RLF ADMIN
total $1,000 · related or exempt $1,000
-
2e · Program service revenue: LOAN ORIGINATION FEES
total $47 · related or exempt $47
-
2f · All other program service revenue
total $32 · related or exempt $32
-
3 · Investment income
total $20,020 · related or exempt $20,020
-
11a · Other revenue: OTHER AAEC INCOME
total $16,860 · related or exempt $16,860
-
11b · Other revenue: OTHER INCOME
total $2,776 · related or exempt $2,776
-
11e · Other revenue, total
$19,636
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $277,810 · program services $95,329 · management and general $182,481
-
9 · Other employee benefits
total $24,287 · program services $8,258 · management and general $16,029
-
10 · Payroll taxes
total $20,317 · program services $6,908 · management and general $13,409
-
11c · Fees: accounting
total $4,493 · management and general $4,493
-
12 · Advertising and promotion
total $4,731 · program services $4,731
-
13 · Office expenses
total $12,170 · management and general $12,170
-
16 · Occupancy
total $85,800 · program services $39,780 · management and general $46,020
-
17 · Travel
total $6,049 · program services $6,049
-
20 · Interest
total $2,215 · program services $2,215
-
22 · Depreciation, depletion and amortization
total $48,468 · program services $48,468
-
23 · Insurance
total $14,657 · program services $14,657
-
24a · Other expenses: DBA GRANT EXPENSE
total $437,421 · program services $437,421
-
24b · Other expenses: VA GRANT EXPENSE
total $75,408 · program services $75,408
-
24c · Other expenses: RBDG GRANT PROJECT
total $55,446 · program services $55,446
-
24d · Other expenses: BAD DEBT RLF LOAN
total $40,000 · program services $40,000
-
24e · All other expenses
total $47,348 · program services $47,348
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $146,487 · end of year $748,860
-
2 · Savings and temporary cash investments
beginning of year $750,942 · end of year $716,983
-
4 · Accounts receivable
beginning of year $136,176 · end of year $127,311
-
7 · Other notes and loans receivable
beginning of year $89,657 · end of year $27,273
-
10a · Land, buildings and equipment: cost or other basis
$1,769,408
-
10b · Land, buildings and equipment: accumulated depreciation
$805,490
-
10c · Land, buildings and equipment, net
beginning of year $1,012,385 · end of year $963,918
-
15 · Other assets
beginning of year $56 · end of year $56
-
17 · Accounts payable and accrued expenses
beginning of year $69,241 · end of year $49,696
-
19 · Deferred revenue
beginning of year $5,637 · end of year $4,863
-
24 · Unsecured notes and loans payable
beginning of year $70,000 · end of year $63,209
-
27 · Net assets without donor restrictions
beginning of year $1,745,260 · end of year $2,215,960
-
28 · Net assets with donor restrictions
beginning of year $245,565 · end of year $250,673
Mission and programs · 2023
Mission
TO FURTHER ECONOMIC DEVELOPMENT IN THE ASHLAND COUNTY AREA OF WISCONSIN.
-
TO FURTHER ECONOMIC DEVELOPMENT IN THE ASHLAND COUNTY AREA OF WISCONSIN.
Expenses $882,018
As filed on the 2023 return.
Listed in Part VII
-
Tony SinglerTONY SINGLER
TREASURER
- Total calculated
- $0
-
Jason FischbachJASON FISCHBACH
PRESIDENT
- Total calculated
- $0
-
Rob PraterROB PRATER
VICE-PRESIDE
- Total calculated
- $0
-
Tom WojciechowskiTOM WOJCIECHOWSKI
SECRETARY
- Total calculated
- $0
-
Tyler WickmanTYLER WICKMAN
DIRECTOR
- Total calculated
- $0
-
Mari Kay NaboznyMARI KAY NABOZNY
DIRECTOR
- Total calculated
- $0
-
Jennifer EngJENNIFER ENG
DIRECTOR
- Total calculated
- $0
-
Jean RonningJEAN RONNING
DIRECTOR
- Total calculated
- $0
-
Brant KuceraBRANT KUCERA
DIRECTOR
- Total calculated
- $0
-
Mary McPhetridgeMARY MCPHETRIDGE
DIRECTOR
- Total calculated
- $0
-
Daniel GrangerDANIEL GRANGER
DIRECTOR
- Total calculated
- $0
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
- 15 September 2024
- IRS schema version
- 2023v5.0
- Source object
- 202442539349300109
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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