Form 990 for tax year 2022
Filed by ST CROIX ECONOMIC DEVELOPMENT CORP.
Totals
- Total revenue
- $224,013
- Total expenses
- $214,078
- Contributions and grants received
- $207,111
- Grants paid
- $7,000
- Program service revenue
- $15,498
- Investment income
- $2,052
- Other revenue
- -$648
- Total assets, end of year
- $328,622
- Total liabilities, end of year
- $20,256
- Net assets or fund balances, end of year
- $308,366
- Program services expenses (Part IX)
- $147,858
- Management and general expenses
- $59,538
- Fundraising expenses
- $6,682
- Program service expenses (Part III)
- $147,858
Program services were 69.1% 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.
-
1b · Membership dues
$64,211
-
1c · Fundraising events
$2,600
-
1e · Government grants (contributions)
$140,300
-
2a · Program service revenue: SPONSOR ADVERTISING
total $11,925 · related or exempt $11,925
-
2b · Program service revenue: PROFESSIONAL FEES DISCOUN
total $2,300 · related or exempt $2,300
-
2c · Program service revenue: RENT-IN-KIND
total $1,193 · related or exempt $1,193
-
2d · Program service revenue: SUBSCRIPTIONS-IN-KIND
total $80 · related or exempt $80
-
3 · Investment income
total $2,052 · excluded $2,052
-
8a · Fundraising events: contributions included on line 1c
$2,600
-
8b · Fundraising events: direct expenses
$691
-
8c · Net income from fundraising events
total -$691 · excluded -$691
-
11a · Other revenue: MISCELLANEOUS
total $43 · excluded $43
-
11e · Other revenue, total
$43
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,000 · program services $7,000
-
5 · Compensation of officers, directors and key employees
total $107,795 · program services $81,924 · management and general $21,559 · fundraising $4,312
-
7 · Other salaries and wages
total $40,605 · program services $30,860 · management and general $8,121 · fundraising $1,624
-
8 · Pension plan contributions
total $4,310 · program services $3,275 · management and general $862 · fundraising $173
-
9 · Other employee benefits
total $517 · program services $401 · management and general $97 · fundraising $19
-
10 · Payroll taxes
total $11,109 · program services $8,443 · management and general $2,222 · fundraising $444
-
11c · Fees: accounting
total $4,681 · management and general $4,681
-
11g · Fees: other
total $1,056 · program services $813 · management and general $202 · fundraising $41
-
13 · Office expenses
total $4,075 · program services $802 · management and general $3,235 · fundraising $38
-
16 · Occupancy
total $10,002 · management and general $10,002
-
17 · Travel
total $1,926 · program services $1,504 · management and general $422
-
19 · Conferences, conventions and meetings
total $104 · management and general $104
-
22 · Depreciation, depletion and amortization
total $723 · management and general $723
-
23 · Insurance
total $1,957 · management and general $1,957
-
24a · Other expenses: PRINTING AND ADVERTISING
total $10,968 · program services $10,968
-
24b · Other expenses: FEES AND BANK CHARGES
total $1,958 · management and general $1,958
-
24c · Other expenses: COMPUTER SUPPLIES
total $1,428 · management and general $1,428
-
24d · Other expenses: MEALS
total $1,407 · program services $1,277 · management and general $130
-
24e · All other expenses
total $2,457 · program services $591 · management and general $1,835 · fundraising $31
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $342,513 · end of year $320,830
-
4 · Accounts receivable
beginning of year $550 · end of year $3,350
-
9 · Prepaid expenses and deferred charges
beginning of year $2,045 · end of year $2,521
-
10a · Land, buildings and equipment: cost or other basis
$15,248
-
10b · Land, buildings and equipment: accumulated depreciation
$13,327
-
10c · Land, buildings and equipment, net
beginning of year $1,378 · end of year $1,921
-
17 · Accounts payable and accrued expenses
beginning of year $20,550 · end of year $19,506
-
19 · Deferred revenue
beginning of year $27,505 · end of year $750
-
27 · Net assets without donor restrictions
beginning of year $287,681 · end of year $294,616
-
28 · Net assets with donor restrictions
beginning of year $10,750 · end of year $13,750
Mission and programs · 2022
Mission
TO PROMOTE ECONOMIC DEVELOPMENT, WHICH SHALL INCLUDE INDUSTRIAL AND COMMERCIAL DEVELOPMENT, JOB CREATION AND RETENTION AND JOB TRAINING. TO PROVIDE DIRECTION AND COORDINATION TO DEVELOPMENT. TO ASSIST TOWNS, VILLAGES, CITIES AND OTHER ORGANIZATIONS WITH FINANCING AND PERMIT APPLICATIONS FOR ECONOMIC DEVELOPMENT. TO RESEARCH AVAILABLE RESOURCES AND CREATE AND MAINTAIN A CENTRAL SOURCE OF INFORMATION AND ASSISTANCE TO SUPPORT ECONOMIC DEVELOPMENT. TO MAINTAIN CONTACT AND COOPERATE WITH PUBLIC AGENCIES AND PRIVATE ORGANIZATIONS WHICH PROMOTE ECONOMIC DEVELOPMENT.
-
PROMOTION
Expenses $83,712 · Grants $7,000
-
PROSPECT DEVELOPMENT
Expenses $35,560
-
RETENTION
Expenses $28,586
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tom AabyTOM AABY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul BerningPAUL BERNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom BorowskiTOM BOROWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark CarlsonMARK CARLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve GosselSTEVE GOSSEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carah KochCARAH KOCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rob KreibichROB KREIBICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan Yohnk LockwoodSUSAN YOHNK LOCKWOOD
2ND VP
- Total calculated
- $0
- Hours/week
- 2
-
Tom LoonanTOM LOONAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott MorrissetteSCOTT MORRISSETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
April NelsonAPRIL NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marina OnkenMARINA ONKEN
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 2
-
Krista PaulusKRISTA PAULUS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Angela PopenhagenANGELA POPENHAGEN
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Agnes RingAGNES RING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kim RockKIM ROCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt SparksMATT SPARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Aaron SundeenAARON SUNDEEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Brian ZelenakBRIAN ZELENAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 2022
- Filed
- 15 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301319349306530
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