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Downtown Eau Claire INC FY2020 filing

Not tax-deductible

Eau Claire, WI501(c)(6)Community Development EIN 03-0376253Revenue $272K in FY2020

On file with the IRSdowntowneauclaire.org203 S Farwell St, 54701-3718 · Eau Claire, WITax-exempt since May 2003

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Development of Downtown Eau Claire

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $14K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 21.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$302
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$272K
Spent
$263K
To programs
0%
Net assets
$474K
By yearFY2020–FY2024
Revenue
$272K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$272K
FY2021$217K
FY2022$250K
FY2023$260K
FY2024$272K
Expenses
$263K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$263K
FY2021$238K
FY2022$303K
FY2023$251K
FY2024$285K
Net assets
$474K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$474K
FY2021$453K
FY2022$399K
FY2023$409K
FY2024$396K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
Susanne Degen
President
$0Pt VII · Sec A
Disa Wahlstrand
Vice Preside
$0Pt VII · Sec A
Emilu Starck
Secretary
$0Pt VII · Sec A
Rachel Kjos
Treasurer
$0Pt VII · Sec A
Aaron Brice
Presidential
$0Pt VII · Sec A
Amy Erickson
Board Member
$0Pt VII · Sec A
Graham Barnes
Board Member
$0Pt VII · Sec A
Tashai Atkins
Board Member
$0Pt VII · Sec A

Erin Klaus’s $2K as Executive Di is at the 2nd percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Downtown Eau Claire INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Revitalizes and improves the downtown area.

Questions for Downtown Eau Claire INC

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

Coordinated FESTIVALS/PROGRAMS to promote deci & the downtown area. These include: our city, summer fest, international fall festival, jump-start business plan competition, downtown trick or treating and christmastime in the city along with various other events throughout the year.

Pt IX · col B
02

United downtown business owners, stakeholders, & the general public by holding meetings, discussion forums & events that encourage public input and individual opinion on various subjects relating to downtown revitalization.

Pt IX · col B
03

Fostered various redevelopment projects by working with the redevelopment authority & private developers to reach agreements & move forward with new projects. No cash outlay.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $7K · 2023–2023
Menomonie Market Co-OpFY2023$7,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$272K
Ln 12
Gifts and grantsLn 1h$201K
Other incomeLn 4–11$42K
Fees for servicesLn 2g$17K
Money outPt IX
$263K
Ln 25
Owns and owesPt X
$474K
net assets · Ln 32
Cash and savingsLn 1–2$474K
Total assetsLn 16$474K
LiabilitiesLn 26$302
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$201K
Government grantsLn 1e$169K
Fees for servicesLn 2g$17K
Investment incomeLn 3$11K
Other incomeLn 4–11$42K
Total revenueLn 12$272K
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$462K
Cash and savings togetherLn 1–2$474K
Total assetsLn 16$474K
LiabilitiesLn 26$302
Net assetsLn 32$474K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$467K$474K
Total assetsLn 16$467K$474K
LiabilitiesLn 26$1K$302
Net assetsLn 32$465K$474K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$18K
Accounting feesLn 11c$517
Other fees for servicesLn 11g$16K
Advertising and promotionLn 12$36K
Office expensesLn 13$4K
OccupancyLn 16$2K
Other expenses (24a–d)Ln 24$182K
All other expensesLn 24e$4K
Total functional expensesLn 25$263K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $272K$285K−$13K$396K 990 PDF
FY2023 $260K$251K$10K$409K 990 PDF
FY2022 $250K$303K−$53K$399K 990 PDF
FY2021 $217K$238K−$21K$453K 990 PDF
FY2020 Viewing $272K$263K$8K$474K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $271,802 revenue, 12 lines filed
I-8 Contributions and grants$201,475
I-9 Program service revenue$17,271
I-10 Investment income$10,925
I-11 Other revenue$42,131
I-12 Total revenue$271,802
I-13 Grants and similar amounts paid$18,098
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$245,301
I-18 Total expenses$263,399
I-19 Revenue less expenses$8,403
Part VI · Governance 21 of 21 board members independent, 4 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $271,802 across 7 lines filed
VIII-1e Government grants$168,900
VIII-1f All other contributions, gifts and grants$32,575
VIII-1h Total contributions, gifts and grants$201,475
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,271$17,271
VIII-3 Investment incomeRelated to mission $10,925$10,925
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $42,131$42,131
VIII-12 Total revenueRelated to mission $70,327$271,802
Part IX · Statement of functional expenses $263,399 across 8 lines filed
IX-1 Grants to domestic organizations$18,098
IX-11c Accounting fees$517
IX-11g Other fees for services$16,397
IX-12 Advertising and promotion$35,667
IX-13 Office expenses$4,190
IX-16 Occupancy$1,734
IX-24 Other expenses (24a–d)$182,465
IX-24e All other expenses$4,331
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$263,399
Part X · Balance sheet $473,835 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $12,345$12,191
X-2 Savings and temporary cash investmentsStart of year $454,257$461,644
X-16 Total assetsStart of year $466,615$473,835
X-25 Other liabilitiesStart of year $1,485$302
X-26 Total liabilitiesStart of year $1,485$302
X-27 Net assets without donor restrictionsStart of year $465,130$473,533
X-32 Total net assets or fund balancesStart of year $465,130$473,533
X-33 Total liabilities and net assetsStart of year $466,615$473,835
Part XI · Reconciliation of net assets $473,533 net assets at year end
XI-1 Total revenue$271,802
XI-2 Total expenses$263,399
XI-3 Revenue less expenses$8,403
XI-4 Net assets at start of year$465,130
XI-10 Net assets at end of year$473,533

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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