Downtown Rhinelander Inc
- Assets
- $92.2k
- Revenue
- $26.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Rhinelander, WI
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 76-0801605
Organization Overview
Downtown Rhinelander Inc is located in Rhinelander, WI. The organization was established in 2006. 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. Downtown Rhinelander 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 12/2021, Downtown Rhinelander Inc generated $26.6k 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 (29.2%) each year. All expenses for the organization totaled $25.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.6%) per year over the past 6 years. 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
DEDICATED TO STRENGTHENING THE RHINELANDER COMMUNITY THROUGH HISTORIC PRESERVATION AND ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC RESTRUCTURING WHICH CONSISTS OF ATTRACTING NEW BUSINESSES AND RETAINING EXISTING BUSINESSES TO THE DOWNTOWN RHINELANDER AREA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Whiteaker Officer | Officer | 0 | $0 |
Kayla Sachse Officer | Officer | 0 | $0 |
Kim Frederickson Officer | Officer | 0 | $0 |
William Roffers President | Officer | 5 | $0 |
Katie Bevernitz Officer | Officer | 1 | $0 |
Pat Laporte Vice Pres | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,072 |
| Fundraising events | $12,066 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,512 |
| Total Program Service Revenue | $0 |
| Investment income | $74 |
| 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 | $26,586 |
| 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 | $15,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,147 |
| 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 | $0 |
| Advertising and promotion | $16 |
| Office expenses | $1,279 |
| Information technology | $571 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $190 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,452 |
| All other expenses | $0 |
| Total functional expenses | $25,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,939 |
| Savings and temporary cash investments | $33,292 |
| 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 | $92,231 |
| Accounts payable and accrued expenses | $2,309 |
| 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 | $2,309 |
| Net assets without donor restrictions | $89,922 |
| 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 | $92,231 |
Grants Awarded
Over the last fiscal year, Downtown Rhinelander Inc has awarded $49,914 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF RHINELANDER PURPOSE: Economic restructuring, which consists of attracting new businesses and retaining existing businesses to the downtown Rhinelander area. | $46,470 |
Rhinelander, WI PURPOSE: PotatoFest | $3,142 |
CITY OF RHINELANDER PURPOSE: Donation for Fireworks on 4th of July | $252 |
KIDS IN NEED PURPOSE: Raffle for Cruise | $50 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Rhinelander Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Valley Queen Charitable Foundation Milbank, SD PURPOSE: DONATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Warren-Conner Development Coalition Inc Detroit, MI | $1,694,673 | $3,249,362 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Bay Future Inc Bay City, MI | $1,152,121 | $1,923,474 |