Sheboygan County Economic Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 39-1487364)

Revenue by fiscal year
FY2020	$535K
FY2021	$660K
FY2022	$8.6M
FY2023	$885K
FY2024	$2.3M

Expenses by fiscal year
FY2020	$662K
FY2021	$604K
FY2022	$751K
FY2023	$895K
FY2024	$812K

Net assets by fiscal year
FY2020	$817K
FY2021	$873K
FY2022	$8.7M
FY2023	$8.5M
FY2024	$8.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1985.

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

Where the money goes

78 cents of each dollar spent went to programs.

78%

22%

Program services 78% · $631K Management & general 22% · $175K Fundraising 1% · $6K

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

44 people listed on the 990; $124K paid to officers and key staff.

Part VII, Section A · reportable compensation

Brian Doudna

Executive Director

$124,283Pt VII · Sec A

Gary Dulmes

Vice President

$0Pt VII · Sec A

Don Hammond

President

$0Pt VII · Sec A

Mike Klein

Board Member

$0Pt VII · Sec A

Teresa Van Horn

Board Member

$0Pt VII · Sec A

Shad Tenpas

Board Member

$0Pt VII · Sec A

Paul Carlsen

Board Member

$0Pt VII · Sec A

Louie Gentine

Board Member

$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Brian Doudna	$124,283	$126,702	$126,744	$126,491	$28,462
Dane Checolinski	—	—	—	—	$80,456

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 Sheboygan County Economic Development Corporation 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

Boosts economic growth for Sheboygan County businesses, residents, and communities.

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Provided by the organization

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3 programs · $442K · in their own filed words · FY2024

01

Affordable Housing Initiative

The scedc focuses on construction of entry level home inventory.

$158Kprogram expense

02

Talent Recruitment

Updates to sheboygan co. Web site someplace better based on the input from HR volunteers. Begin forming a housing strategy to address the needs of the marketplace.

$158Kprogram expense

03

Small Business Formation

The scedc provides services and technical assistance to support entreprenuers and innovators. The scedc has contracted staff dedicated to the role and it also involves several key programs including accelerate sheboygan county. Operated accelerate sheboygan county and scale seed accelerator.

$126Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Sheboygan County Economic Development Corporation FoundationFY2024$38K

Total grants receivedfrom 1 funder$38K

Grants paid · 7 grants · $85K · 2022–2023

Unitemized GrantFY2023$30,000

Unitemized GrantFY2023$10,000

Ck Innovations LLCFY2023$10,000

Tick Repellent Wips LLCFY2023$10,000

Kids in Combat BootsFY2023$10,000

Unitemized GrantFY2022$10,000

Unitemized GrantFY2022$5,000

By the numbers

The FY2024 990, line by line.

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1The main four

Money inPt VIII

$2.3M

Ln 12

Gifts and grantsLn 1h$1.9M

Other incomeLn 4–11$231K

Investment incomeLn 3$123K

Money outPt IX

$812K

Ln 25

Programscol B$631K

Managementcol C$175K

Fundraisingcol D$6K

Owns and owesPt X

$8.4M

net assets · Ln 32

Cash and savingsLn 1–2$2.2M

Total assetsLn 16$12.1M

LiabilitiesLn 26$3.7M

PeoplePt VI, VII

44

listed · VII A

PaidVII A1

Voting boardVI 1a36

IndependentVI 1b36

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.9M

Government grantsLn 1e$1.4M

Fees for servicesLn 2g$54K

Investment incomeLn 3$123K

Other incomeLn 4–11$231K

Total revenueLn 12$2.3M

Assets in detailPt X, end of year

CashLn 1$341K

SavingsLn 2$1.8M

Cash and savings togetherLn 1–2$2.2M

Land, buildings, equipmentLn 10c$0

Total assetsLn 16$12.1M

LiabilitiesLn 26$3.7M

Net assetsLn 32$8.4M

OperationsPt I, VI

EmployeesI 58

VolunteersI 675

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$4.0M	$2.2M
Land, buildings, equipmentLn 10c	$2K	$0
Total assetsLn 16	$11.0M	$12.1M
LiabilitiesLn 26	$2.5M	$3.7M
Net assetsLn 32	$8.5M	$8.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$4K	$4K
Pay of current officers, directors and key staffLn 5	$146K	$117K	$29K
Other salaries and wagesLn 7	$336K	$264K	$67K	$5K
Pension plan contributionsLn 8	$3K	$2K	$513	$64
Other employee benefitsLn 9	$27K	$21K	$5K	$453
Payroll taxesLn 10	$18K	$14K	$4K	$177
Legal feesLn 11b	$3K		$3K
Accounting feesLn 11c	$35K		$35K
Advertising and promotionLn 12	$26K	$26K
Office expensesLn 13	$13K	$10K	$3K	$128
Information technologyLn 14	$13K	$10K	$3K	$126
OccupancyLn 16	$15K	$5K	$10K
TravelLn 17	$11K	$8K	$2K	$108
Conferences, conventions and meetingsLn 19	$28K	$28K
InterestLn 20	$32K	$32K
Depreciation, depletion and amortizationLn 22	$2K		$2K
InsuranceLn 23	$5K	$4K	$1K	$47
Other expenses (24a–d)Ln 24	$91K	$87K	$4K
All other expensesLn 24e	$5K	$419	$5K
Total functional expensesLn 25	$812K	$631K	$175K	$6K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$2.3M	$812K	$1.5M	$8.4M	990 PDF
FY2023	$885K	$895K	−$10K	$8.5M	990 PDF
FY2022	$8.6M	$751K	$7.9M	$8.7M	990 PDF
FY2021	$660K	$604K	$56K	$873K	990 PDF
FY2020	$535K	$662K	−$127K	$817K	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 FY2024 990 (6 parts)

Part I · Summary $2,269,412 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $737,328$1,861,286

I-9 Program service revenuePrior year $79,173$54,496

I-10 Investment incomePrior year $68,528$122,961

I-11 Other revenuePrior year $0$230,669

I-12 Total revenuePrior year $885,029$2,269,412

I-13 Grants and similar amounts paidPrior year $70,000$3,500

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $527,024$529,444

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $298,400$278,624

I-18 Total expensesPrior year $895,424$811,568

I-19 Revenue less expensesPrior year −$10,395$1,457,844

Part VI · Governance 36 of 36 board members independent, 1 to look at

VI-1a Voting members of the governing body36

VI-1b Independent voting members36

VI-12a Written conflict of interest policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $2,269,412 across 8 lines filed

Lines not itemized here account for $223,748 of total revenue; see the IRS return.

VIII-1b Membership dues$297,750

VIII-1e Government grants$1,434,500

VIII-1f All other contributions, gifts and grants$129,036

VIII-1h Total contributions, gifts and grants$1,861,286

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,496$54,496

VIII-3 Investment incomeExcluded from tax $122,961$122,961

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,921$6,921

VIII-12 Total revenueRelated to mission $278,244 · Unrelated business $0 · Excluded from tax $129,882$2,269,412

Part IX · Statement of functional expenses $811,568 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $3,500$3,500

IX-5 Pay of current officers, directors and key staffPrograms $116,791 · Management $29,198$145,989

IX-7 Other salaries and wagesPrograms $264,002 · Management $67,150 · Fundraising $4,600$335,752

IX-8 Pension plan contributionsPrograms $1,984 · Management $513 · Fundraising $64$2,561

IX-9 Other employee benefitsPrograms $21,488 · Management $5,485 · Fundraising $453$27,426

IX-10 Payroll taxesPrograms $13,996 · Management $3,543 · Fundraising $177$17,716

IX-11b Legal feesManagement $2,972$2,972

IX-11c Accounting feesManagement $34,956$34,956

IX-12 Advertising and promotionPrograms $26,121$26,121

IX-13 Office expensesPrograms $9,709 · Management $2,938 · Fundraising $128$12,775

IX-14 Information technologyPrograms $9,588 · Management $2,902 · Fundraising $126$12,616

IX-16 OccupancyPrograms $5,000 · Management $10,000$15,000

IX-17 TravelPrograms $8,228 · Management $2,490 · Fundraising $108$10,826

IX-19 Conferences, conventions and meetingsPrograms $27,816$27,816

IX-20 InterestPrograms $32,290$32,290

IX-22 Depreciation, depletion and amortizationManagement $2,203$2,203

IX-23 InsurancePrograms $3,545 · Management $1,073 · Fundraising $47$4,665

IX-24 Other expenses (24a–d)Programs $86,774 · Management $4,191$90,965

IX-24e All other expensesPrograms $419 · Management $5,000$5,419

IX-25 Total functional expensesPrograms $631,251 · Management $174,614 · Fundraising $5,703$811,568

Part X · Balance sheet $12,082,929 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $72,139$341,137

X-2 Savings and temporary cash investmentsStart of year $3,972,803$1,849,441

X-3 Pledges and grants receivable$12,750

X-4 Accounts receivableStart of year $86,649$17,400

X-8 Inventories for sale or useStart of year $6,894,623$9,862,201

X-9 Prepaid expenses and deferred chargesStart of year $6,923$0

X-10c Land, buildings and equipment, netStart of year $2,203$0

X-16 Total assetsStart of year $11,035,340$12,082,929

X-17 Accounts payable and accrued expensesStart of year $267,083$445,830

X-25 Other liabilitiesStart of year $0$17,764

X-26 Total liabilitiesStart of year $2,513,870$3,682,965

X-27 Net assets without donor restrictionsStart of year $486,143$8,399,964

X-28 Net assets with donor restrictionsStart of year $8,035,327$0

X-32 Total net assets or fund balancesStart of year $8,521,470$8,399,964

X-33 Total liabilities and net assetsStart of year $11,035,340$12,082,929

Part XI · Reconciliation of net assets $8,399,964 net assets at year end

XI-1 Total revenue$2,269,412

XI-2 Total expenses$811,568

XI-3 Revenue less expenses$1,457,844

XI-4 Net assets at start of year$8,521,470

XI-6 Donated services and use of facilities$16,650

XI-9 Other changes in net assets−$1,596,000

XI-10 Net assets at end of year$8,399,964

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

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Sheboygan County Economic Development Corporation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Compensation history total reportable pay by year · 2 named individuals · Part VII

Questions the 990 asks

Programs and updates

Questions for Sheboygan County Economic Development Corporation

Affordable Housing Initiative

Talent Recruitment

Small Business Formation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV