Go-Edc Foundation
- Assets
- $297.5k
- Revenue
- $189.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Oshkosh, WI
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3947981
Organization Overview
Go-Edc Foundation is located in Oshkosh, WI. The organization was established in 2015. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Go-Edc Foundation 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 12/2021, Go-Edc Foundation generated $189.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $114.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REVITALIZING DEPRESSED AREAS, ADDRESSING BLIGHT, AND EMPOWERING ECONOMICALLY DISADVANTAGED POPULATIONS IN SPECIFIED AREAS WITHIN OUR GREATER OSHKOSH COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REMOVE/RESTORE BLIGHTED COMMERCIAL PROPERTIES - CONTINUE WORKING WITH PROPERTY OWNERS IN SAWDUST AREA TO ASSIST THEM WITH PROJECTS WHICH COULD CREATE JOBS IN THE SAWDUST REDEVELOPMENT AREA OR TRANSITION OUT OF THIS AREA TO MAKE WAY FOR USES THAT ARE CONSISTENT WITH LONG-RANGE AND NEIGHBORHOOD PLANS.
FUNDING FOR BUSINESS OWNERS IN DISTRESSED AREAS - ACTIVELY ADMINISTER THE CAPITAL CATALYST FUND, WHICH IS A PARTNERSHIP BETWEEN THE CITY OF OSHKOSH, WEDC, AND PREVIOUSLY CHAMCO, TO HELP EARLY STAGE BUSINESSES THAT LACK CAPITAL. MANY OF THE BUSINESSES SUPPORTED ARE LOCATED IN THE 54901 ZIP CODE.
SUPPORT FOR BUSINESSES WHICH CREATE JOBS FOR DISADVANTAGED PERSONS - CONTINUE EFFORTS TO MEET WITH DOWNTOWN BUSINESSES, LARGE EMPLOYERS AND SMALL, TO DISCUSS FINANCIAL NEEDS FOR GROWTH AND PARKING ISSUES SO THAT THEY CAN REMAIN DOWNTOWN AND CONTRIBUTE TOWARDS THE URBAN REVITALIZATION OF OUR 54901-ZIP CODE.
SUPPORT WORKFORCE INITIATIVES TO CONNECT PEOPLE TO JOBS - THESE INCLUDE LOOKING AT AREAS IN TRANSPORTATION, BROADBAND, AND CHILDCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Ralofsky Vice Chair | OfficerTrustee | 3 | $0 |
Jeff Liddicoat Treasurer | OfficerTrustee | 3 | $0 |
Kenneth Arneson Board Chair | OfficerTrustee | 3 | $0 |
Tom Castle Immediate Past Chair | OfficerTrustee | 3 | $0 |
Tricia Rathermel President & CEO | Officer | 3 | $0 |
Amy Albright Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,626 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,626 |
| Total Program Service Revenue | $1,100 |
| Investment income | $396 |
| 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 | $189,122 |
| 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 | $39,092 |
| Pension plan accruals and contributions | $860 |
| Other employee benefits | $2,361 |
| Payroll taxes | $2,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,846 |
| Advertising and promotion | $4,024 |
| Office expenses | $5,172 |
| Information technology | $1,109 |
| Royalties | $0 |
| Occupancy | $7,962 |
| Travel | $1,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $517 |
| Interest | $67 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $941 |
| All other expenses | $0 |
| Total functional expenses | $114,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $297,542 |
| 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 | $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 | $297,542 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $297,542 |
| Total liabilities and net assets/fund balances | $297,542 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Go-Edc Foundation has recieved totaling $96,850.
| Awarding Organization | Amount |
|---|---|
The Jek Foundation Inc Oshkosh, WI PURPOSE: 2021 INVESTMENT COMMITTMENT | $84,000 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI PURPOSE: PROGRAM SUPPORT | $12,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Reinvestment Fund Inc Minneapolis, MN | $272,393,749 | $53,118,127 |
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Humans First Detroit Detroit, MI | $6,650,332 | $4,303,626 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |