Centergy Inc
- Assets
- $219.7k
- Revenue
- $454.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Wausau, WI
- Founding
- 10/1989
- Data as of
- 12/2023
- EIN
- 39-1643470
Organization Overview
Centergy Inc is located in Wausau, WI. The organization was established in 1989. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Centergy Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Centergy Inc generated $454.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $445.7k during the year ending 12/2023. While expenses have increased by 11.0% per year over the past 9 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
CENTERGY'S MISSION IS TO SERVE AS THE ENGINE FOR REGIONAL GROWTH AND ECONOMIC DEVELOPMENT THROUGH COLLABORATION WITH LOCAL PARTNERS. CENTERGY'S VISION IS TO BE THE COLLECTIVE VOICE FOR ADVANCING PROSPERITY AND VIBRANCY FOR OUR FIVE-COUNTY REGION BY MAKING CENTRAL WISCONSIN A COMMUNITY OF CHOICE FOR BUSINESSES AND RESIDENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS DEVELOPMENT INITIATIVESINFRASTRUCTURE-CONDUCT BRE VISITS FOR LOCAL COMPANY ENGAGEMENT-CREATE MARKETING MATERIALS SHOWCASING LOCAL INDUSTRIES, LIVING COSTS, AND JOB PROSPECTS-HOST ANNUAL DEVELOPER TOURS FOR PROPERTY EXPLORATION-RELAY RFIS FROM BUSINESSES TO MUNICIPALITIES-SUPPORT ENTREPRENEURIAL AND TECHNOLOGY ECOSYSTEM DEVELOPMENT-LEGISLATIVE/GOVERNMENT RELATIONS
WORKFORCE DEVELOPMENT-CONVENED, FACILITATED, AND COLLABORATED WITH ALL ECONOMIC AND WORKFORCE DEVELOPMENT ENTITIES IN THE REGION-PLANNED AND OFFERED THE REGIONAL TALENT SUMMIT TO DISCUSS TALENT DEVELOPMENT, ATTRACTION AND RETENTION-FACILITATE TALENT ATTRACTION AND RETENTION THROUGH THE CENTRAL TO SUCCESS INITIAL CAMPAIGN AND DEVELOP A MARKETING TOOLKIT FOR INVESTORS AND PARTNER ORGANIZATIONS.
REGIONAL DEVELOPMENT-REGIONAL CENTERGY STRATEGIC PLANNING SESSIONS: CENTERGY FACILITATED PLANNING MEETINGS WITH THE CENTERGY BOARD AND KEY REGIONAL PARTNERS INCLUDING WEDC, RPC, NCWWDB, & ECONOMIC DEVELOPMENT LEADERS, EDUCATION AND BUSINESS LEADERS, TO DEVELOP FUTURE REGIONAL ECONOMIC DEVELOPMENT STRATEGIES AND CREATE A PLAN OF ACTION FOR THE ORGANIZATION.-MONTHLY DISTRIBUTION OF A WEB-BASED "CENTERGY NEWS" PUBLICATION. THIS APPROACH INCORPORATED INPUT FROM PARTNERS AND ATTEMPTED TO COMMUNICATE ISSUES AND EVENTS OF SIGNIFICANCE TO ALL REGIONAL STAKEHOLDERS.-SUPPORTED THE COORDINATION OF REGULAR BUSINESS RETENTION AND EXPANSION ACTIVITIES THROUGHOUT THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angel Laidlaw President & CEO | OfficerTrustee | 0 | $0 |
Bobbi Damrow Chairman | OfficerTrustee | 0 | $0 |
Paul Fowler Vice President | OfficerTrustee | 0 | $0 |
Nick Faber Treasurer | OfficerTrustee | 0 | $0 |
Jon Eisele Director | Trustee | 0 | $0 |
Melinda Osterberg Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,688 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,688 |
| Total Program Service Revenue | $350,523 |
| Investment income | $121 |
| 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 | $454,332 |
| 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. | $81,684 |
| Compensation of current officers, directors, key employees. | $41,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $2,105 |
| Other employee benefits | $4,355 |
| Payroll taxes | $7,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179 |
| Advertising and promotion | $224,763 |
| Office expenses | $331 |
| Information technology | $1,755 |
| Royalties | $0 |
| Occupancy | $2,110 |
| Travel | $5,671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,977 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,807 |
| All other expenses | $2,103 |
| Total functional expenses | $445,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,557 |
| Savings and temporary cash investments | $80,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,241 |
| 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 | $0 |
| 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 | $219,691 |
| Accounts payable and accrued expenses | $4,704 |
| 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 | $4,704 |
| Net assets without donor restrictions | $214,987 |
| Net assets with donor restrictions | $0 |
| 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 | $219,691 |