New North Inc
- Assets
- $1.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Green Bay, WI
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 26-0114487
Organization Overview
New North Inc is located in Green Bay, WI. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. New North Inc 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 06/2022, New North Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 18.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE CATALYST FOR REGIONAL PROSPERITY FOR ALL THROUGH COLLABORATIVE ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW NORTH IS A CONSORTIUM OF BUSINESS, ECONOMIC DEVELOPMENT, CHAMBERS OF COMMERCE, WORKFORCE DEVELOPMENT, CIVIC, NONPROFIT, AND EDUCATION LEADERS IN 18 COUNTIES OF NORTHEAST WISCONSIN WHO ARE WORKING TO HARNESS THE REGIONS RESOURCES, TALENTS AND CREATIVITY FOR THE PURPOSE OF SUSTAINING AND GROWING THE REGIONAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barb Lamue President & | Officer | 40 | $185,643 |
Paul Carlsen Secretary | OfficerTrustee | 2 | $0 |
Tim Schneider Co-Chair | OfficerTrustee | 5 | $0 |
Michelle Schuler Co-Chair | OfficerTrustee | 5 | $0 |
Ken Zacharias Treasurer | OfficerTrustee | 5 | $0 |
Becky Bartoszek Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,992 |
| All other contributions, gifts, grants, and similar amounts not included above | $936,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,049,793 |
| Total Program Service Revenue | $1,719,333 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,770,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $233,100 |
| Compensation of current officers, directors, key employees. | $46,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $434,514 |
| Pension plan accruals and contributions | $17,941 |
| Other employee benefits | $16,315 |
| Payroll taxes | $45,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,903 |
| Advertising and promotion | $10,234 |
| Office expenses | $6,549 |
| Information technology | $5,406 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $154,723 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $650 |
| Insurance | $3,873 |
| All other expenses | $7,703 |
| Total functional expenses | $2,678,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $939,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $145,589 |
| Accounts receivable, net | $6,111 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,064 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,098,251 |
| Accounts payable and accrued expenses | $34,963 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,963 |
| Net assets without donor restrictions | $1,006,870 |
| Net assets with donor restrictions | $56,418 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,098,251 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that New North Inc has recieved totaling $856,024.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $761,857 |
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: PUBLIC AND SOCIETAL BENEFIT PROGRAM SUPPORT | $51,667 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $20,000 |
Wbd Inc Madison, WI PURPOSE: CREATE SIX ENTREPRENEURIAL PITCH CONTESTS IN PARTNERSHIP WITH NINE COUNTY ECONOMIC DEVELOPMENT CORPORATIONS | $12,500 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Southwest Michigan First Corporation Kalamazoo, MI | $10,945,070 | $8,560,798 |
Wenonah Park Properties Inc Bay City, MI | $22,411,152 | $7,079,713 |