Washington County Economic Development Corp FY2023 filing

Not tax-deductible

West Bend, WI501(c)(4)Community DevelopmentEIN 20-3851261Revenue $1.1M in FY2023

On file with the IRSedwc.org2200 Green Tree Rd, 53090-1566 · West Bend, WITax-exempt since Sep 2007

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

92¢ of each $1 spent went to programs.
$157K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$157K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$658K
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 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
+77% vs prior year
Spent
$826K
To programs
92%
Net assets
$514K
By yearFY2020–FY2025
Revenue
$1.1M
FY2023▲ +77%
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
$826K
FY2023▲ +42%
Tap a bar for its year
Expenses by fiscal year
FY2020$548K
FY2021$541K
FY2022$583K
FY2023$826K
FY2024$931K
FY2025$957K
Net assets
$514K
FY2023▲ +120%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

92 cents of each dollar spent went to programs.

Program services 92% · $759K Management & general 8% · $67K

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

14 people listed on the 990; $157K paid to officers and key staff.

Part VII, Section A · reportable compensation
$157,333Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$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.

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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.

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Provided by the organization

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1 program · $759K · in their own filed words · FY2023
01

Promote washington county to businesses and provide servicing of loans for washington county revolving loan fund which includes establishing a loan loss reserve.

$759Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$2K
Money outPt IX
$826K
Ln 25
Programscol B$759K
Managementcol C$67K
Owns and owesPt X
$514K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.2M
LiabilitiesLn 26$658K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$2K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$403K
SavingsLn 2$671K
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$483
Total assetsLn 16$1.2M
LiabilitiesLn 26$658K
Net assetsLn 32$514K
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 FY23End FY23
Cash and savingsLn 1–2$310K$1.1M
Land, buildings, equipmentLn 10c$967$483
Total assetsLn 16$399K$1.2M
LiabilitiesLn 26$166K$658K
Net assetsLn 32$233K$514K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$157K$149K$8K
Other salaries and wagesLn 7$308K$271K$37K
Management feesLn 11a$25K$16K$9K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$12K$10K$1K
OccupancyLn 16$7K$6K$678
Conferences, conventions and meetingsLn 19$6K$6K$590
Depreciation, depletion and amortizationLn 22$483$436$47
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$297K$294K$3K
All other expensesLn 24e$3K$2K$1K
Total functional expensesLn 25$826K$759K$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$957K$129K$918K 990 PDF
FY2024 $1.2M$931K$275K$789K 990 PDF
FY2023 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $1,106,235 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $624,107$1,104,650
I-10 Investment incomePrior year $306$1,585
I-11 Other revenuePrior year $220$0
I-12 Total revenuePrior year $624,633$1,106,235
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $403,692$465,346
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $178,949$360,681
I-18 Total expensesPrior year $582,641$826,027
I-19 Revenue less expensesPrior year $41,992$280,208
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $1,106,235 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,104,650$1,104,650
VIII-3 Investment incomeExcluded from tax $1,585$1,585
VIII-12 Total revenueRelated to mission $1,104,650 · Excluded from tax $1,585$1,106,235
Part IX · Statement of functional expenses $826,027 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $149,466 · Management $7,867$157,333
IX-7 Other salaries and wagesPrograms $270,800 · Management $37,213$308,013
IX-11a Management feesPrograms $15,658 · Management $8,929$24,587
IX-11b Legal feesPrograms $4,210$4,210
IX-11c Accounting feesManagement $4,350$4,350
IX-13 Office expensesPrograms $10,446 · Management $1,121$11,567
IX-16 OccupancyPrograms $6,322 · Management $678$7,000
IX-19 Conferences, conventions and meetingsPrograms $5,505 · Management $590$6,095
IX-22 Depreciation, depletion and amortizationPrograms $436 · Management $47$483
IX-23 InsuranceManagement $2,246$2,246
IX-24 Other expenses (24a–d)Programs $294,212 · Management $2,554$296,766
IX-24e All other expensesPrograms $2,220 · Management $1,157$3,377
IX-25 Total functional expensesPrograms $759,275 · Management $66,752 · Fundraising $0$826,027
Part X · Balance sheet $1,171,167 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $138,572$402,791
X-2 Savings and temporary cash investmentsStart of year $171,704$670,607
X-4 Accounts receivableStart of year $72,663$80,231
X-9 Prepaid expenses and deferred chargesStart of year $15,066$17,055
X-10c Land, buildings and equipment, netStart of year $967$483
X-16 Total assetsStart of year $398,972$1,171,167
X-17 Accounts payable and accrued expensesStart of year $45,658$359,645
X-25 Other liabilitiesStart of year $120,000$298,000
X-26 Total liabilitiesStart of year $165,658$657,645
X-27 Net assets without donor restrictionsStart of year $233,314$513,522
X-32 Total net assets or fund balancesStart of year $233,314$513,522
X-33 Total liabilities and net assetsStart of year $398,972$1,171,167
Part XI · Reconciliation of net assets $513,522 net assets at year end
XI-1 Total revenue$1,106,235
XI-2 Total expenses$826,027
XI-3 Revenue less expenses$280,208
XI-4 Net assets at start of year$233,314
XI-10 Net assets at end of year$513,522

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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