Greater Wausau Prosperity Partnership Ltd
- Assets
- $4.6m
- Revenue
- $54.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wausau, WI
- Founding
- 02/1972
- Data as of
- 08/2023
- EIN
- 23-7117237
Organization Overview
Greater Wausau Prosperity Partnership Ltd is located in Wausau, WI. The organization was established in 1972. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Wausau Prosperity Partnership Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Greater Wausau Prosperity Partnership Ltd generated $54.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $1.1m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Greater Wausau Prosperity Partnership Ltd has awarded 14 individual grants totaling $1,958,597. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Rowe President | 1 | $0 | |
Christopher Ghidorzi Vice-President | 1 | $0 | |
Scott Cattanach Treasurer | 1 | $0 | |
Richard Totzke Vice-President | 1 | $0 | |
Renae Krings Secretary/assistant Treasurer | 1 | $0 | |
Chad Kane Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $907,960 |
| Interest on Savings | $71,128 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$924,621 |
| Total Revenue | $54,467 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $130,997 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,663 |
| Total operating and administrative expenses | $150,534 |
| Contributions, gifts, grants paid | $915,409 |
| Total expenses and disbursements | $1,065,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,949 |
| Savings and temporary cash investments | $75,173 |
| Net Accounts receivable | $411,312 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,080,973 |
| Total assets | $4,612,407 |
| Accounts payable and accrued expenses | $581,937 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $4,600,000 |
| Other liabilities | $0 |
| Total liabilities | $5,181,937 |
Grants Awarded
Over the last fiscal year, Greater Wausau Prosperity Partnership Ltd has awarded $915,409 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WAUSAU AREA CHAMBER OF COMMERCE INC PURPOSE: SUPPORTS EXECUTION OF THE GREATER WAUSAU ECONOMIC DEVELOPMENT STRATEGICPLAN | $827,960 |
WAUSAU AREA CHAMBER OF COMMERCE INC PURPOSE: SUPPORTS HIRING AN ECONOMIC DEVELOPMENT SPECIALIST TO SUPPORT THE CREATIONOF AN ECONOMIC DEVELOPMENT PARTNERSHIP THAT WILL MANAGE THE EXECUTION OFTHE GREATER WAUSAU ECONOMIC DEVELOPMENT STRATEGIC PLAN SUPPORTING BUSINESSGROWTH IN THE REGION. | $87,449 |