Totals
- Total revenue
- $978,936
- Total expenses
- $665,609
- Contributions and grants received
- $866,710
- Grants paid
- $126,200
- Program service revenue
- $183,055
- Investment income
- $30
- Other revenue
- -$70,859
- Total assets, end of year
- $2,344,364
- Total liabilities, end of year
- $238,579
- Net assets or fund balances, end of year
- $2,105,785
- Program services expenses (Part IX)
- $626,848
- Management and general expenses
- $29,523
- Fundraising expenses
- $9,238
- Program service expenses (Part III)
- $626,848
Program services were 94.2% 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.
-
1c · Fundraising events
$62,360
-
1f · All other contributions, gifts and grants
$804,350
-
2a · Program service revenue: Rock Internship Fees
total $165,280 · related or exempt $165,280
-
2b · Program service revenue: Event Admission Fees
total $13,000 · related or exempt $13,000
-
2c · Program service revenue: Membership dues
total $4,775 · related or exempt $4,775
-
3 · Investment income
total $30 · excluded $30
-
6a · Gross rents
real property $58,560
-
6b · Less rental expenses
real property $68,977
-
6c · Rental income or loss
real property -$10,417
-
6d · Net rental income or loss
total -$10,417 · related or exempt -$2,088 · unrelated business -$8,329
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$62,360
-
8b · Fundraising events: direct expenses
$60,442
-
8c · Net income from fundraising events
total -$60,442 · excluded -$60,442
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $126,200 · program services $126,200
-
11c · Fees: accounting
total $21,624 · management and general $16,218 · fundraising $5,406
-
12 · Advertising and promotion
total $10,206 · program services $10,206
-
13 · Office expenses
total $15,329 · management and general $11,497 · fundraising $3,832
-
16 · Occupancy
total $25,410 · program services $25,410
-
24a · Other expenses: Community Development
total $348,871 · program services $348,871
-
24b · Other expenses: Workforce Initiative
total $116,161 · program services $116,161
-
24e · All other expenses
total $1,808 · management and general $1,808
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $19,625 · end of year $53,506
-
2 · Savings and temporary cash investments
beginning of year $714,508 · end of year $729,843
-
3 · Pledges and grants receivable
beginning of year $77,250 · end of year $331,794
-
4 · Accounts receivable
beginning of year $3,150 · end of year $11,563
-
10a · Land, buildings and equipment: cost or other basis
$1,430,209
-
10b · Land, buildings and equipment: accumulated depreciation
$263,046
-
10c · Land, buildings and equipment, net
beginning of year $1,183,257 · end of year $1,167,163
-
15 · Other assets
beginning of year $0 · end of year $50,495
-
17 · Accounts payable and accrued expenses
beginning of year $19,460 · end of year $20,223
-
23 · Secured mortgages and notes payable
beginning of year $185,872 · end of year $167,414
-
25 · Other liabilities
beginning of year $0 · end of year $50,942
-
27 · Net assets without donor restrictions
beginning of year $610,648 · end of year $533,472
-
28 · Net assets with donor restrictions
beginning of year $1,181,810 · end of year $1,572,313
Mission and programs · 2023
Mission
The purpose is to encourage economic development by marketing and promoting activities aimed at attracting new industries to Janesville.
-
Economic Development: the purpose is to encourage economic development by marketing & promoting activities aimed at attracting new industries to Janesville.
Expenses $288,228 · Grants $126,200 · Revenue $15,687
-
Woodman's Sports & Convention Center: the purpose is to encourage development of the sports & convention center by marketing & promoting activities.
Expenses $207,896
-
Rock County 5.0 Project: This is a joint-county effort to improve the economic condition of the area. This effort will consist of 5 economic development strategies - Business Retention & Expansion, Business & Investment Attraction, Real Estate Positioning, Small Business & Entrepreneurship, & Workforce Profiling.
Expenses $130,724 · Revenue $165,280
As filed on the 2023 return.
Listed in Part VII
-
Angela Pakes
President
- Total calculated
- $205,190
- From this org
- $0
- From related orgs
- $174,882
- Other
- $30,308
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $173,775 related
- Bonus
- $0
- Other
- $0 + $1,107 related
- Deferred
- $0 + $15,348 related
- Nontaxable benefits
- $0 + $14,960 related
- Filer's total
- $0 + $205,190 related
-
Craig DeGarmo
Director
- Total calculated
- $0
- Hours/week
- 1
-
Larry Squire
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sean Kennedy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lynn Gardinier
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Hiller
Vice Chair
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Tim Lindau
Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
Oakleigh Ryan
Chair
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Mick Gilbertson
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 3 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 3
- The compensation of the organization's top management official is done by the following related organization: Forward Janesville, Inc.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$86,200
General Operating Support
-
$40,000
General Operating Support
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501 (c) (6) · Business Chamber of Commerce · WI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500159349300725
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