Washington County Economic Development Corp

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Fueling growth companies for the creation of quality jobs and Economic prosperity countywide.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
93¢ of each $1 spent went to programs.
Run by 17 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $116K a year · 14% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$168K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
24 mo
of spending, in cash
Looks good: 23.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-10% vs prior year
Spent
$957K
To programs
93%
Net assets
$918K
By yearFY2020–FY2025
Revenue
$1.1M
FY2025▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$513K
FY2021$543K
FY2022$625K
FY2023$1.1M
FY2024$1.2M
FY2025$1.1M
Expenses
$957K
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$548K
FY2021$541K
FY2022$583K
FY2023$826K
FY2024$931K
FY2025$957K
Net assets
$918K
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$190K
FY2021$191K
FY2022$233K
FY2023$514K
FY2024$789K
FY2025$918K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2007.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $887K Management & general 7% · $70K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $168K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$168,211Pt VII · Sec A
Past President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Christian Tscheschlok’s $168K as Chief Executive Officer is at the 54th percentile of top reported officer pay among 2832 $1–10M 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christian Tscheschlok$168,211$156,728$157,333$123,844$126,765$124,846

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Washington County Economic Development Corp 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 15aYes

Programs and updates

Helps businesses grow to create jobs and boost the local economy.

Questions for Washington County Economic Development Corp

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Provided by the organization

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2 programs · $887K · in their own filed words · FY2025
01

Edwc works to shape a prosperous future for washington county by supporting business and resident success one investment, one job, and one opportunity at a time. More specifically, the organization provides development consulting to businesses and communities through the deep expertise of highly experienced professionals, structures…

$879Kprogram expense
02

New Frontiers

Explore innovation and strategic OPPORTUNITIES.- collaborate on ai manufacturing pilot - jointly launch an ai adoption pilot with the milwaukee tech hub coalition to support mid-sized manufacturers in integrating ai solutions through hands-on consulting, education, and financing support through the impact loan FUND.- launch a flagship…

$8Kprogram expense

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 · $6K · 2025–2025
Unitemized GrantFY2025$6,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$997K
Investment incomeLn 3$53K
Gifts and grantsLn 1h$37K
Money outPt IX
$957K
Ln 25
Programscol B$887K
Managementcol C$70K
Owns and owesPt X
$918K
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Fees for servicesLn 2g$997K
Investment incomeLn 3$53K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$221K
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.9M
Land, buildings, equipmentLn 10c$216K
Other assetsLn 15$116K
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.4M
Net assetsLn 32$918K
OperationsPt I, VI
EmployeesI 55
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.4M$1.9M
Land, buildings, equipmentLn 10c$0$216K
Total assetsLn 16$1.6M$2.3M
LiabilitiesLn 26$769K$1.4M
Net assetsLn 32$789K$918K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Grants to domestic individualsLn 2$6K$6K
Pay of current officers, directors and key staffLn 5$185K$176K$9K
Other salaries and wagesLn 7$254K$221K$32K
Pension plan contributionsLn 8$10K$9K$1K
Other employee benefitsLn 9$35K$31K$4K
Payroll taxesLn 10$35K$32K$3K
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$11K$9K$2K
Other fees for servicesLn 11g$78K$69K$8K
Advertising and promotionLn 12$35K$35K
Office expensesLn 13$7K$5K$2K
Information technologyLn 14$6K$5K$539
OccupancyLn 16$10K$9K$955
TravelLn 17$4K$4K$397
Conferences, conventions and meetingsLn 19$6K$6K$620
Depreciation, depletion and amortizationLn 22$15K$14K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$240K$240K
All other expensesLn 24e$3K$3K$308
Total functional expensesLn 25$957K$887K$70K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$957K$129K$918K 990 PDF
FY2024 $1.2M$931K$275K$789K 990 PDF
FY2023 $1.1M$826K$280K$514K 990 PDF
FY2022 $625K$583K$42K$233K 990 PDF
FY2021 $543K$541K$2K$191K 990 PDF
FY2020 $513K$548K−$35K$190K 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,086,822 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,225$37,260
I-9 Program service revenuePrior year $1,139,483$996,949
I-10 Investment incomePrior year $27,131$52,613
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,206,839$1,086,822
I-13 Grants and similar amounts paidPrior year $0$7,845
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $490,012$519,250
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $441,467$430,259
I-18 Total expensesPrior year $931,479$957,354
I-19 Revenue less expensesPrior year $275,360$129,468
Part VI · Governance 14 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,086,822 across 5 lines filed
VIII-1b Membership dues$37,260
VIII-1h Total contributions, gifts and grants$37,260
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $996,949$996,949
VIII-3 Investment incomeExcluded from tax $52,613$52,613
VIII-12 Total revenueRelated to mission $996,949 · Unrelated business $0 · Excluded from tax $52,613$1,086,822
Part IX · Statement of functional expenses $957,354 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $1,845$1,845
IX-2 Grants to domestic individualsPrograms $6,000$6,000
IX-5 Pay of current officers, directors and key staffPrograms $176,085 · Management $9,268$185,353
IX-7 Other salaries and wagesPrograms $221,273 · Management $32,465$253,738
IX-8 Pension plan contributionsPrograms $8,769 · Management $1,294$10,063
IX-9 Other employee benefitsPrograms $30,942 · Management $3,856$34,798
IX-10 Payroll taxesPrograms $31,879 · Management $3,419$35,298
IX-11b Legal feesPrograms $12,622$12,622
IX-11c Accounting feesPrograms $8,836 · Management $2,209$11,045
IX-11g Other fees for servicesPrograms $69,033 · Management $8,472$77,505
IX-12 Advertising and promotionPrograms $35,019$35,019
IX-13 Office expensesPrograms $4,759 · Management $2,436$7,195
IX-14 Information technologyPrograms $5,031 · Management $539$5,570
IX-16 OccupancyPrograms $8,904 · Management $955$9,859
IX-17 TravelPrograms $3,701 · Management $397$4,098
IX-19 Conferences, conventions and meetingsPrograms $5,776 · Management $620$6,396
IX-22 Depreciation, depletion and amortizationPrograms $13,536 · Management $1,452$14,988
IX-23 InsuranceManagement $2,689$2,689
IX-24 Other expenses (24a–d)Programs $240,100$240,100
IX-24e All other expensesPrograms $2,865 · Management $308$3,173
IX-25 Total functional expensesPrograms $886,975 · Management $70,379 · Fundraising $0$957,354
Part X · Balance sheet $2,299,565 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $331,069$221,050
X-2 Savings and temporary cash investmentsStart of year $1,083,032$1,666,487
X-4 Accounts receivableStart of year $93,361$58,402
X-9 Prepaid expenses and deferred chargesStart of year $24,686$21,784
X-10c Land, buildings and equipment, netStart of year $0$215,850
X-15 Other assetsStart of year $25,377$115,992
X-16 Total assetsStart of year $1,557,525$2,299,565
X-17 Accounts payable and accrued expensesStart of year $86,604$79,720
X-19 Deferred revenue$253,941
X-25 Other liabilitiesStart of year $514,889$981,009
X-26 Total liabilitiesStart of year $768,643$1,381,215
X-27 Net assets without donor restrictionsStart of year $788,882$918,350
X-32 Total net assets or fund balancesStart of year $788,882$918,350
X-33 Total liabilities and net assetsStart of year $1,557,525$2,299,565
Part XI · Reconciliation of net assets $918,350 net assets at year end
XI-1 Total revenue$1,086,822
XI-2 Total expenses$957,354
XI-3 Revenue less expenses$129,468
XI-4 Net assets at start of year$788,882
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$918,350

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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