Washington County Economic Development Corp FY2024 filing

Not tax-deductible

West Bend, WI501(c)(4)Community DevelopmentEIN 20-3851261Revenue $1.2M in FY2024

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

FY2024 · 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 · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$769K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+9% vs prior year
Spent
$931K
To programs
92%
Net assets
$789K
By yearFY2020–FY2025
Revenue
$1.2M
FY2024▲ +9%
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
$931K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$548K
FY2021$541K
FY2022$583K
FY2023$826K
FY2024$931K
FY2025$957K
Net assets
$789K
FY2024▲ +54%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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% · $856K Management & general 8% · $76K

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

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

Part VII, Section A · reportable compensation
Executive Director
$156,728Pt VII · Sec A
Vice 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
President
$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.

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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 · $856K · in their own filed words · FY2024
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…

$856Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$40K
Investment incomeLn 3$27K
Money outPt IX
$931K
Ln 25
Programscol B$856K
Managementcol C$76K
Owns and owesPt X
$789K
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.6M
LiabilitiesLn 26$769K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$27K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$331K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$25K
Total assetsLn 16$1.6M
LiabilitiesLn 26$769K
Net assetsLn 32$789K
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 FY24End FY24
Cash and savingsLn 1–2$1.1M$1.4M
Land, buildings, equipmentLn 10c$483$0
Total assetsLn 16$1.2M$1.6M
LiabilitiesLn 26$658K$769K
Net assetsLn 32$514K$789K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$171K$162K$9K
Other salaries and wagesLn 7$262K$229K$33K
Pension plan contributionsLn 8$7K$6K$899
Other employee benefitsLn 9$17K$15K$2K
Payroll taxesLn 10$34K$31K$3K
Legal feesLn 11b$15K$14K$450
Accounting feesLn 11c$5K$2K$2K
Other fees for servicesLn 11g$98K$80K$18K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$7K$4K$3K
Information technologyLn 14$3K$3K$297
OccupancyLn 16$7K$6K$678
TravelLn 17$3K$2K$254
Conferences, conventions and meetingsLn 19$7K$6K$657
Depreciation, depletion and amortizationLn 22$483$436$47
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$261K$261K$224
All other expensesLn 24e$424$383$41
Total functional expensesLn 25$931K$856K$76K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$957K$129K$918K 990 PDF
FY2024 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,206,839 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$40,225
I-9 Program service revenuePrior year $1,104,650$1,139,483
I-10 Investment incomePrior year $1,585$27,131
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,106,235$1,206,839
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $465,346$490,012
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $360,681$441,467
I-18 Total expensesPrior year $826,027$931,479
I-19 Revenue less expensesPrior year $280,208$275,360
Part VI · Governance 11 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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 $1,206,839 across 5 lines filed
VIII-1b Membership dues$40,225
VIII-1h Total contributions, gifts and grants$40,225
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,139,483$1,139,483
VIII-3 Investment incomeExcluded from tax $27,131$27,131
VIII-12 Total revenueRelated to mission $1,139,483 · Unrelated business $0 · Excluded from tax $27,131$1,206,839
Part IX · Statement of functional expenses $931,479 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $162,069 · Management $8,530$170,599
IX-7 Other salaries and wagesPrograms $229,002 · Management $32,699$261,701
IX-8 Pension plan contributionsPrograms $6,102 · Management $899$7,001
IX-9 Other employee benefitsPrograms $14,777 · Management $2,061$16,838
IX-10 Payroll taxesPrograms $30,592 · Management $3,281$33,873
IX-11b Legal feesPrograms $14,425 · Management $450$14,875
IX-11c Accounting feesPrograms $2,275 · Management $2,275$4,550
IX-11g Other fees for servicesPrograms $80,346 · Management $17,684$98,030
IX-12 Advertising and promotionPrograms $32,772$32,772
IX-13 Office expensesPrograms $3,519 · Management $3,394$6,913
IX-14 Information technologyPrograms $2,765 · Management $297$3,062
IX-16 OccupancyPrograms $6,322 · Management $678$7,000
IX-17 TravelPrograms $2,367 · Management $254$2,621
IX-19 Conferences, conventions and meetingsPrograms $6,121 · Management $657$6,778
IX-22 Depreciation, depletion and amortizationPrograms $436 · Management $47$483
IX-23 InsuranceManagement $2,506$2,506
IX-24 Other expenses (24a–d)Programs $261,229 · Management $224$261,453
IX-24e All other expensesPrograms $383 · Management $41$424
IX-25 Total functional expensesPrograms $855,502 · Management $75,977 · Fundraising $0$931,479
Part X · Balance sheet $1,557,525 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $402,791$331,069
X-2 Savings and temporary cash investmentsStart of year $670,607$1,083,032
X-4 Accounts receivableStart of year $80,231$93,361
X-9 Prepaid expenses and deferred chargesStart of year $17,055$24,686
X-10c Land, buildings and equipment, netStart of year $483$0
X-15 Other assetsStart of year $0$25,377
X-16 Total assetsStart of year $1,171,167$1,557,525
X-17 Accounts payable and accrued expensesStart of year $359,645$86,604
X-25 Other liabilitiesStart of year $298,000$514,889
X-26 Total liabilitiesStart of year $657,645$768,643
X-27 Net assets without donor restrictionsStart of year $513,522$788,882
X-32 Total net assets or fund balancesStart of year $513,522$788,882
X-33 Total liabilities and net assetsStart of year $1,171,167$1,557,525
Part XI · Reconciliation of net assets $788,882 net assets at year end
XI-1 Total revenue$1,206,839
XI-2 Total expenses$931,479
XI-3 Revenue less expenses$275,360
XI-4 Net assets at start of year$513,522
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$788,882

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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