Greater Oshkosh Economic Development Corporation
- Assets
- $1.1m
- Revenue
- $439.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Oshkosh, WI
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-1058496
Organization Overview
Greater Oshkosh Economic Development Corporation is located in Oshkosh, WI. The organization was established in 2015. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Greater Oshkosh Economic Development Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Oshkosh Economic Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Greater Oshkosh Economic Development Corporation generated $439.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $444.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Greater Oshkosh Economic Development Corporation has awarded 19 individual grants totaling $168,750. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LEADERSHIP, DIRECTION, COORDINATION, AND SERVICES TO ADVANCE ECONOMIC DEVELOPMENT IN THE GREATER OSHKOSH AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT LEADERSHIP AND COLLABORATION - GREATER OSHKOSH EDC WAS ESTABLISHED IN 2015 AND EXISTS TO PRESERVE THE HEALTH OF EXISTING COMPANIES, FOSTER A POSITIVE ENTREPRENEURIAL ENVIRONMENT, CONNECT COMPANIES TO WORKFORCE AND TALENT DEVELOPMENT RESOURCES, ENHANCE THE BUSINESS CLIMATE AND PROMOTE THE QUALITY OF LIFE IN GREATER OSHKOSH AREA.
TARGETED INDUSTRY DEVELOPMENT - THE DOMINANT INDUSTRY IN THE GREATER OSHKOSH REGION IS MANUFACTURING, WITH NEARLY 1 OUT OF EVERY 4 PERSONS EMPLOYED IN A MANUFACTURING-RELATED OCCUPATION. GREATER OSHKOSH WILL CONCENTRATE ON FACILITATING OPPORTUNITIES IN THIS SECTOR, AS WELL AS AVIATION AND INFORMATION TECHNOLOGY, TWO OTHER TARGETED SECTORS IDENTIFIED BY OUR COMMUNITY AND ORGANIZATION.
WORKFORCE DEVELOPMENT GREATER OSHKOSH EDC CONTINUES TO WORK ON EFFORTS TO CONNECT EMPLOYEES TO WORKFORCE DEVELOPMENT RESOURCES IN THE REGION AND COLLABORATE ON TRAINING THE SKILLS NEEDED BY LOCAL BUSINESSES. WE PARTNER WITH UW OSHKOSH, FOX VALLEY TECHNICAL COLLEGE, DEPARTMENT OF WORKFORCE DEVELOPMENT, AND THE FOX VALLEY WORKFORCE DEVELOPMENT BOARD. GREATER OSHKOSH EDC HAS A SEAT ON THE FVTC OSHKOSH ADVISORY COMMITTEE AND THE OSHKOSH AREA SCHOOL DISTRICT ADVISORY COMMITTEE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Arneson Chair | OfficerTrustee | 3 | $0 |
Kevin Ralofsky Vice Chair | OfficerTrustee | 3 | $0 |
Tom Castle Immediate Past Chair | OfficerTrustee | 3 | $0 |
Darren Lett Director | Trustee | 3 | $0 |
Jeff Liddicoat Treasurer | OfficerTrustee | 3 | $0 |
Kristin Fassbinder Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $229,741 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,591 |
| Total Program Service Revenue | $3,164 |
| Investment income | $10,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,575 |
| 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 | $439,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,250 |
| 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. | $113,735 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,333 |
| Pension plan accruals and contributions | $5,952 |
| Other employee benefits | $11,948 |
| Payroll taxes | $20,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,407 |
| Fees for services: Accounting | $10,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,046 |
| Office expenses | $10,670 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,913 |
| Travel | $8,076 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,689 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $536 |
| Insurance | $3,491 |
| All other expenses | $109 |
| Total functional expenses | $444,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,874 |
| Savings and temporary cash investments | $300,975 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $310,353 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,489 |
| Total assets | $1,065,743 |
| Accounts payable and accrued expenses | $4,678 |
| 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 | $4,678 |
| Net assets without donor restrictions | $0 |
| 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 | $1,061,065 |
| Total liabilities and net assets/fund balances | $1,065,743 |
Grants Awarded
Over the last fiscal year, Greater Oshkosh Economic Development Corporation has awarded $36,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
STURGEON SPIRITS PURPOSE: BUILDINGS RENOVATIONS AND EQUIPMENT | $10,000 |
ADVANCED BED BUG PURPOSE: START UP COSTS | $5,000 |
JACOBSON LOCK & KEY PURPOSE: START-UP COSTS | $10,000 |
OSHKOSH BREW BIKE PURPOSE: START-UP COSTS AND VEHICLE IMPROVEMENTS | $5,000 |
UNITED PROPERTY SERVICES PURPOSE: EQUIPMENT | $6,250 |