Ashland Development Corp
- Assets
- $2.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Ashland, WI
- Founding
- 11/1984
- Data as of
- 12/2023
- EIN
- 39-1483663
Organization Overview
Ashland Development Corp is located in Ashland, WI. The organization was established in 1984. 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. As of 12/2023, Ashland Development Corp employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ashland Development Corp 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 12/2023, Ashland Development Corp generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 14.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER ECONOMIC DEVELOPMENT IN THE ASHLAND COUNTY AREA OF WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURTHER ECONOMIC DEVELOPMENT IN THE ASHLAND COUNTY AREA OF WISCONSIN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Singler Treasurer | OfficerTrustee | $0 | |
Jason Fischbach President | OfficerTrustee | $0 | |
Rob Prater Vice-Preside | OfficerTrustee | $0 | |
Tom Wojciechowski Secretary | OfficerTrustee | $0 | |
Tyler Wickman Director | Trustee | $0 | |
Mari Kay Nabozny Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,265,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,278,121 |
| Total Program Service Revenue | $314,651 |
| Investment income | $20,020 |
| 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 | $1,632,428 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,810 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,287 |
| Payroll taxes | $20,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,493 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,731 |
| Office expenses | $12,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,800 |
| Travel | $6,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,468 |
| Insurance | $14,657 |
| All other expenses | $47,348 |
| Total functional expenses | $1,156,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $748,860 |
| Savings and temporary cash investments | $716,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,273 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $963,918 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56 |
| Total assets | $2,584,401 |
| Accounts payable and accrued expenses | $49,696 |
| Grants payable | $0 |
| Deferred revenue | $4,863 |
| 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 | $63,209 |
| Other liabilities | $0 |
| Total liabilities | $117,768 |
| Net assets without donor restrictions | $2,215,960 |
| Net assets with donor restrictions | $250,673 |
| 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 | $2,584,401 |