Oneida County Economic Development Corp EIN 39-1637294 Form 990 (PDF) Claim this org

Oneida County Economic Development Corp FY2023 filing

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Fosters stable businesses creating year-round jobs and livable wages in Oneida County. For fiscal year 2023 it reported $204K in revenue, $182K in expenses, and $305K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Rhinelander, WI
Website
www.ocedc.org
Filings
6 on file (2020–2023)
Revenue
$204KFY2023
Expenses
$182K
Net assets
$305K
People
17
Filings
6
Updates
0
More identity details & actions ⌄
EIN  39-1637294 Public charity (501(c)(3)) Rhinelander, WI
Form 990 (PDF)
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Size
$100K–1M
What they do
Fosters stable businesses creating year-round jobs and livable wages in Oneida County.
Leadership
Leah Van Zile · President
Money in and out
$204K revenue, $182K expenses
Bottom line
78% program efficiency
Where the money goes · FY2023
Total revenue
$204K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$305K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $21K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.14 Fundraising $0.08
Program efficiency
78%
of spending reaches programs
Operating runway
21.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$204K
FY2023▲ +15%
Expenses
$182K
FY2023
Total assets
$330K
FY2023
Total liabilities
$25K
FY2023
Total revenue
$204K
Pt VIII · Ln 12
Total expenses
$182K
Pt IX · Ln 25
Net assets
$305K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$21K
Total assetsPt X · Ln 16$330K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COneida County Economic Development Corp
EINHdr · item D39-1637294
Principal addressHdr · item CRhinelander, WI
WebsiteHdr · item Jwww.ocedc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S32Z)
Ruling yearIRS BMFJan 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $135K of program spending, described in the organization's own filed words · FY2023.
01

Business Recruitment

Promote oneida county to business relocation prospects & entrepreneurs (provide statistical information, site selection assistance, financing options, etc.)

$52Kprogram expense
02

Business Retention

Assist local employers with expansion programs (access to financing options, statistical information, and problem resolution) and provide educational opportunities to enhance business capacity.

$42Kprogram expense
03

Develop physical, financial & human capital required for economic growth: create and maintain industrial sites, administer revolving loan fund, partner in workforce development initiatives.

$42Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$188K · 92%
Investment income$15K · 8%
Contributions & grants92%$188K
Investment income8%$15K
— government grantsLn 1e$180K
Total revenueLn 12$204K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.14 Fundraising $0.08
Program services78%$141K
Management & general14%$26K
Fundraising8%$15K
Total functional expensesLn 25$182K

Balance Sheet

Part X · end of year
CashLn 1$330K
Total assetsLn 16$330K
Total liabilitiesLn 26$25K
Total net assetsLn 32$305K
Months of cash on handcomputed21.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $330K · Operating expenses/yr $182K
21.7 months
Where the money goes
Program services
Program services $141K · Total expenses $182K
78%
Management & General
Management & general $26K · Total expenses $182K
14%
Fundraising
Fundraising $15K · Total expenses $182K
8%
Cost to raise $1
Fundraising expense $15K · Solicited contributions $8K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $188K · Total revenue $204K
92%
Government reliance
Government grants $180K · Total revenue $204K
88%
Earned-income share
Program service revenue $0 · Total revenue $204K
0%
Investment reliance
Investment income $15K · Total revenue $204K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $182K
0%
Growth & trend
Revenue growth (YoY)
This year $204K · Prior year $177K
+15%
Net-asset trend (YoY)
End of year $305K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $204K · Expenses $182K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $330K
Net-asset ratio
Net assets $305K · Total assets $330K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $330K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Leah Van Zile · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $182K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $137K · Total expenses $182K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 14%
Fundraising cost ratio 8%
Revenue growth 15%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$30

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$226K revenue · ⤓ 990 PDF
FY2024$185K revenue · ⤓ 990 PDF
FY2023$204K revenue · viewing · ⤓ 990 PDF
FY2022$177K revenue · ⤓ 990 PDF
FY2021$162K revenue · ⤓ 990 PDF
FY2020$130K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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