Vilas County Economic Development Corporation Inc
- Assets
- $154.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eagle River, WI
- Founding
- 11/2009
- Data as of
- 12/2022
- EIN
- 27-0492816
Organization Overview
Vilas County Economic Development Corporation Inc is located in Eagle River, WI. The organization was established in 2009. 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. Vilas County Economic Development Corporation 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 12/2022, Vilas County Economic Development Corporation Inc generated $199.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $189.5k during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
REGIONAL BUSINESS DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Schmitz Executive Director | 40 | $83,113 | |
Denise Jantzen Director | 1 | $0 | |
Michelle Langheim Director | 1 | $0 | |
April Welch Director | 1 | $0 | |
Ty Erickson Director | 1 | $0 | |
Brad Gauthier Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,121 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,125 |
| Total Revenue | $199,246 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $116,494 |
| Professional fees and other payments to independent contractors | $4,327 |
| Occupancy, rent, utilities, and maintenance | $5,918 |
| Printing, publications, postage, and shipping | $3,502 |
| Other expenses | $59,218 |
| Total expenses | $189,459 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $153,981 |
| Other assets | $0 |
| Total assets | $154,185 |
| Total liabilities | $2,565 |
| Net assets or fund balances | $151,620 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vilas County Economic Development Corporation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Colonel Il James N Pritzker Charitable Distribution Fund Chicago, IL PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
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 |