Form 990-EZ for tax year 2025

Totals

Total revenue

$174,096

Total expenses

$186,943

Contributions and grants received

$171,000

Grants paid

$0

Program service revenue

$1,865

Membership dues (line 3)

$0

Investment income (line 4)

$1,231

Gain or loss on sale of assets (line 5c)

$0

Gaming and fundraising events, net (line 6d)

$0

Gross profit on inventory sales (line 7c)

$0

Other revenue (line 8)

$0

Total assets, end of year

$138,205

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$138,205

Program service expenses (Part III)

$175,727

Program services were 94.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2025

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $87,864

• Housing * A recent study by Fannie Mae shows increased demand for rural housing within commuting distance to urban areas. * Housing will continue to be a priority and there is still plenty of opportunities for further development of both multi and single family housing. * In the Village of Bonduel, Sunrise Court has completed five homes, and the final two homes are substantially finished. * The first 8 plex in Bonduel is enclosed and should be accepting residents in the first quarter of 2026. * The second 8 plex in Bonduel is enclosed and should be accepting residents in the first quarter of 2026. * The Village of Bonduel and Sunrise Court had a groundbreaking on 11 22 2025 for the new lots. This is the first significant single family housing development in the village in nearly two decades. * The Village of Bonduel broke ground on the first of a three phase of Bear Crossing Apartments. * The Village of Bonduel has a developer agreement with Landmark development to construct two eightplexes near the village's industrial park. * The Shawano County portion of Marion is working with SCS to develop some housing in their community. We have initiated meeting with SCS to help master plan the corridor for supportive commercial development. * Assisted the City of Shawano with rewriting housing grants and loan documentation for the Main Street Village residential redevelopment on Main Street. * Met a developer with the city looking to build smaller foot print affordable single family homes in the city. * The City of Shawano is working on two potential higher end apartment projects that will bring much needed zero entry maintenance free living to the community. * The Shawano 60 Project on County B is significantly complete and should be leased by Christmas. * Working with a Shawano property owner wanting to redevelop some vacant properties into multi family. * Groundbreaking is scheduled for July 22 at 10am for the SCS multifamily project in Wittenberg. * The Village of Wittenberg rezoned a property located on Sue Allen Drive to develop single family homes. * The Village of Pulaski (within Shawano County) has approved a new multifamily development to include four twelveplexs right off highway 160. * Housing will continue to be a priority and there is still plenty of opportunities for further development of both multi and single family housing.

  Expenses $47,446

• Broadband Expansion * Attended Town meetings to explain the BEAD program and the town endorsement process. * Still working through all the recent changes that the PSC needs to deal with and hope to have some resolution in July. * USDA has opened another grant round for fiber to the home and we are working with Cirrinity to determine if there might be an opportunity for the county. * Still tracking the changes to BEAD and waiting for the final grant awards to be announced. The funds, more than $1 billion according to the Governor's release, come through the National Telecommunications and Information Administration (NTIA) which approved Wisconsin's final Broadband Equity, Access and Deployment (BEAD) Program proposal. As approved, the awards will provide funding to service all BEAD eligible locations throughout Wisconsin with more than $397 million in matching funds provided by the recipients. Additionally, funding will support high speed fiber internet services at Community Anchor Institutions like libraries, schools, and local government and educational facilities. The technologies will be split: 76 percent fiber, 10 percent fixed wireless, and 14 percent satellite.

  Expenses $21,087

• Other Activities * A couple of fun notes connected New North and the NFL to the Shawano Barn Quilt Project and the draft has commissioned two barn quilts for the event. * Also NFL draft related assisted in finding accommodation for drivers on Thursday of the draft. * Attended Newcap, New North, WEDA, USDA, Wisconsin Rural Partners and SBA meetings webinars. * Attended WEDA legislative day and discussed potential changes to the TID law with our local elected officials. * Attended Wisconsin Rural Partners, New North, ThedaCare and WEDA monthly meetings. * We are hosting our next Workforce Event Creative Staffing Options on April 9th, 2026. * Attended several meetings with the Office of the Secretary of Defense's Submarine Workforce and Industrial Base working group that Deloitte is leading. * Attended a WEDC workshop on site selection. * Attended the Governor's Conference on Economic Development and was part of a panel discussion on TIF in Wisconsin. * Continued RDA work is started or in process for Bonduel, Marion and Wittenberg. Also the three communities are working on redevelopment plans and establishing an active RDA. * Presented a webinar with Bonduel and WEDC on how to stimulate housing in rural Wisconsin. It was attended by over 80 participants. * RDA work is started or in process for Bonduel, Marion and Wittenberg. * The Creative Staffing Options Event was very well received with our business partners finding additional partners for staffing resources. * Will be part of a panel discussion at the WEDA Governor's Conference on Economic Development the first week in February. * With the Village of Bonduel, hosted acting Secretary of WEDC, Sam Rikkers as he toured and discussed the impacts of the Thrive Rural Wisconsin program that Bonduel is participating in.

  Expenses $19,330

As filed on the 2025 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2025

Filed

20 February 2026

IRS schema version

2025v4.0

Source object

202610829349200211

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