Form 990 for tax year 2023

Filed by EAU CLAIRE COMMUNITY COMPLEX INC.

Totals

Total revenue: $3,355,413
Total expenses: $1,770,401
Contributions and grants received: $3,335,054
Grants paid: $0
Program service revenue: $0
Investment income: $20,359
Other revenue: $0
Total assets, end of year: $110,667,353
Total liabilities, end of year: $101,165,386
Net assets or fund balances, end of year: $9,501,967
Program services expenses (Part IX): $1,678,844
Management and general expenses: $91,557
Fundraising expenses: $0
Program service expenses (Part III): $1,678,844

Program services were 94.8% 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)

$1,500,000
1f · All other contributions, gifts and grants

$1,835,054
3 · Investment income

total $19,289 · excluded $19,289
7a · Gross sales of assets other than inventory

securities $6,300
7b · Less cost or other basis and sales expenses

securities $5,230
7c · Gain or loss

securities $1,070
7d · Net gain or loss

total $1,070 · excluded $1,070

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $63,719 · management and general $63,719
11b · Fees: legal

total $57,462 · program services $57,462
11c · Fees: accounting

total $27,838 · management and general $27,838
11g · Fees: other

total $30,029 · program services $30,029
16 · Occupancy

total $893 · program services $893
20 · Interest

total $1,523,780 · program services $1,523,780
22 · Depreciation, depletion and amortization

total $63,012 · program services $63,012
23 · Insurance

total $3,346 · program services $3,346
24e · All other expenses

total $322 · program services $322

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,026,650 · end of year $3,746,204
2 · Savings and temporary cash investments

beginning of year $1,009,627 · end of year $0
3 · Pledges and grants receivable

beginning of year $6,937,225 · end of year $5,667,647
4 · Accounts receivable

beginning of year $24,277 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $7,108
10a · Land, buildings and equipment: cost or other basis

$99,043,612
10b · Land, buildings and equipment: accumulated depreciation

$63,012
10c · Land, buildings and equipment, net

beginning of year $48,044,893 · end of year $98,980,600
15 · Other assets

beginning of year $0 · end of year $2,265,794
17 · Accounts payable and accrued expenses

beginning of year $8,114,768 · end of year $9,211,271
19 · Deferred revenue

beginning of year $0 · end of year $113,196
20 · Tax-exempt bond liabilities

beginning of year $1,043,874 · end of year $32,002,354
23 · Secured mortgages and notes payable

beginning of year $41,999,508 · end of year $59,838,565
25 · Other liabilities

beginning of year $80,821 · end of year $0
27 · Net assets without donor restrictions

beginning of year $5,803,701 · end of year $3,834,320
28 · Net assets with donor restrictions

beginning of year $0 · end of year $5,667,647

Mission and programs · 2023

Mission

EAU CLAIRE COMMUNITY COMPLEX, INC. WAS FORMED TO ACQUIRE, CONSTRUCT, OWN, AND OPERATE A MULTI-PURPOSE EVENTS AND RECREATION FACILITY, MAKING PORTIONS OF IT AVAILABLE TO THE UNIVERSITY OF WISCONSIN - EAU CLAIRE AND MAYO CLINIC HEALTH SYSTEM - NORTHWEST WISCONSIN REGION, INC., EACH OF WHICH ARE RECOGNIZED INTERNAL REVENUE CODE SECTION 501(C)(3) ENTITIES, FOR THEIR GENERAL TAX-EXEMPT PURPOSES AND PROGRAMS.

Activities or mission (Part I)

TO ACQUIRE, CONSTRUCT, OWN, AND OPERATE A MULTI-PURPOSE EVENTS AND RECREATION FACILITY.

EAU CLAIRE COMMUNITY COMPLEX WAS FORMED TO ACQUIRE, CONSTRUCT, OWN, AND OPERATE A MULTI-PURPOSE EVENTS AND RECREATION FACILITY, MAKING PORTIONS OF IT AVAILABLE TO THE UNIVERSITY OF WISCONSIN - EAU CLAIRE AND MAYO CLINIC HEALTH SYSTEM - NORTHWEST WISCONSIN REGION, INC.; EACH OF WHICH ARE RECOGNIZED INTERNAL REVENUE CODE SECTION 501(C)(3) ENTITIES, FOR THEIR GENERAL TAX-EXEMPT PURPOSES AND PROGRAMS INCLUDING: WORKING COLLABORATIVELY WITH LOCAL PARTNERS TO ASSESS AND ADDRESS AREA HEALTH NEEDS, AND TO ADVANCE THE AREAS POPULATION'S HEALTH THROUGH INTEGRATED CLINICAL PRACTICE, EDUCATION, AND RESEARCH; TO ACQUIRE, CONSTRUCT, OPERATE, MAINTAIN, MANAGE, LEASE, HOLD, OR OTHERWISE DEAL WITH REAL ESTATE AND FACILITIES FOR THE USE AND ENJOYMENT AND FOR THE BENEFIT OF THE UNIVERSITY OF WISCONSIN-EAU CLAIRE FOUNDATION, INC., THE UNIVERSITY OF WISCONSIN-EAU CLAIRE, LOW TO MODERATE INCOME FAMILIES, AND TO BROADLY PROMOTE HEALTHY LIVING THROUGH PHYSICAL EXERCISE, TRAINING, AND FAMILY AND COMMUNITY SUPPORT-ORIENTED EXPERIENCES; TO SERVICE THE COMMUNITY BY PROVIDING PROGRAMMING TO PROMOTE HEALTHY LIVING, YOUTH DEVELOPMENT, AND SOCIAL RESPONSIBILITY BASED ON CORE VALUES OF CARING, RESPECT, RESPONSIBILITY, AND HONESTY.

Expenses $1,678,844

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Kimera WayKIMERA WAY

PRESIDENT/DIRECTOR

Total calculated

$0

Hours/week

1
Jason CraigJASON CRAIG

VICE-PRESIDENT/DIRECTOR (THRU 10/23)

Total calculated

$0

Hours/week

1
Ken AckermanKEN ACKERMAN

VICE-PRESIDENT/DIRECTOR

Total calculated

$0

Hours/week

1
Chops HancockCHOPS HANCOCK

DIRECTOR

Total calculated

$0

Hours/week

1
Randall LintonRANDALL LINTON

DIRECTOR

Total calculated

$0

Hours/week

1
Neil LipinskiNEIL LIPINSKI

DIRECTOR

Total calculated

$0

Hours/week

1
Dan MarketDAN MARKET

DIRECTOR

Total calculated

$0

Hours/week

1
Carie Martin-KrajewskiCARIE MARTIN-KRAJEWSKI

DIRECTOR

Total calculated

$0

Hours/week

1
Michael RindoMICHAEL RINDO

DIRECTOR

Total calculated

$0

Hours/week

1
Bob StoehrBOB STOEHR

DIRECTOR

Total calculated

$0

Hours/week

1
Coby KohnCOBY KOHN

TREASURER/SECRETARY

Total calculated

$59,778

From this org

$59,778

From related orgs

$0

Other

$0

Hours/week

10

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: 7 February 2025
IRS schema version: 2023v6.0
Source object: 202540389349301124

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