Centergy INC EIN 39-1643470 Form 990 (PDF) Claim this org

Centergy INC

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Promotes regional business growth, talent development, and innovation for economic vitality. For fiscal year 2025 it reported $418K in revenue, $360K in expenses, and $317K in net assets.Pt I

Type
Membership association · Nonprofit
Location
Wausau, WI
Website
www.centergy.net
Filings
6 on file (2020–2025)
Revenue
$418KFY2025
Expenses
$360K
Net assets
$317K
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  39-1643470 Membership association Wausau, WI
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes regional business growth, talent development, and innovation for economic vitality.
Leadership
Angel Laidlaw · President & CEO · $84K
Money in and out
$418K revenue, $360K expenses
Bottom line
+14% operating surplus
Membership & operating revenue · FY2025
Total revenue
$418K
Pt VIII · Ln 12
Total expenses
$360K
Pt IX · Ln 25
Net assets
$317K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $57K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.30 Fundraising $0.12
Operating surplus
+14%
revenue over expenses▲ +15% vs prior filing year
Earned revenue
78%
of revenue from program services & dues▲ +6% vs prior filing year
Payroll share
39%
of spending is salaries & benefits▲ +10% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$418K
FY2025▲ +12%
Expenses
$360K
FY2025▲ +10%
Total assets
$322K
FY2025▲ +21%
Total liabilities
$5K
FY2025▼ -14%
Total revenue
$418K
Pt VIII · Ln 12
Total expenses
$360K
Pt IX · Ln 25
Net assets
$317K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$57K
Total assetsPt X · Ln 16$322K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCentergy INC
EINHdr · item D39-1643470
Principal addressHdr · item CWausau, WI
WebsiteHdr · item Jwww.centergy.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 & CEO
$84,000Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Gordon Crow$94,920$87,010
Angel Laidlaw$84,000$91,051
Gordon Crow$47,460
Angel Whitehead$19,076

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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Mission & Programs · Part III

Where the work happens

3 program services account for $208K of program spending, described in the organization's own filed words · FY2025.
01

Business Development InitiativesInfrastructure-Conduct BRE visits for local company engagement-Create marketing materials showcasing local industries, living costs, and job prospects-Host annual Developer Tours for property exploration-Relay RFIs from businesses to municipalities-Support Entrepreneurial and Technology Ecosystem…

$187Kprogram expense
02

Workforce Development-Convened, facilitated, and collaborated with all economic and workforce development entities in the region-Planned and offered the regional talent summit to discuss talent development, attraction and retention-Facilitate talent attraction and retention through the Central to Success Initial Campaign and develop a…

$15Kprogram expense
03

Regional Development-Regional Centergy Strategic Planning Sessions: Centergy facilitated planning meetings with the Centergy Board and Key Regional Partners including WEDC, RPC, NCWWDB, & Economic Development Leaders, Education and Business Leaders, to develop future regional economic development strategies and create a plan of action…

$5Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$327K · 78%
Contributions & grants$91K · 22%
Program service revenue78%$327K
Contributions & grants22%$91K
Investment income$123
— government grantsLn 1e$88K
Total revenueLn 12$418K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.30 Fundraising $0.12
Program services58%$208K
Management & general30%$108K
Fundraising12%$45K
Total functional expensesLn 25$360K

Balance Sheet

Part X · end of year
CashLn 1$307K
Total assetsLn 16$322K
Total liabilitiesLn 26$5K
Total net assetsLn 32$317K
Months of cash on handcomputed10.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $307K · Operating expenses/yr $360K
10.2 months
Where the money goes
Program services
Program services $208K · Total expenses $360K
58%
Management & General
Management & general $108K · Total expenses $360K
30%
Fundraising
Fundraising $45K · Total expenses $360K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $30K · Solicited contributions (3-yr avg) $7K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $91K · Total revenue $418K
22%
Government reliance
Government grants $88K · Total revenue $418K
21%
Earned-income share
Program service revenue $327K · Total revenue $418K
78%
Investment reliance
Investment income $123 · Total revenue $418K
+0.03%
Program self-sufficiency
Program service revenue $327K · Total expenses $360K
91%
Growth & trend
Revenue growth (YoY)
This year $418K · Prior year $372K
+12%
Revenue CAGR
FY2020 $209K · FY2025 $418K
+15%
Net-asset trend (YoY)
End of year $317K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $418K · Expenses $360K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $322K
Net-asset ratio
Net assets $317K · Total assets $322K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $322K
0%
People & payroll
Highest Reported Total Compensation
Individual Angel Laidlaw · Reported title President & CEO · Highest reported compensation $84K · Total expenses $360K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $141K · Total expenses $360K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 30%
Fundraising cost ratio 50%
Revenue growth 12%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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 · FY2020
Aspirus INCFY2020$5K
Total grants receivedfrom 1 funder$5K

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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)$418K revenue · viewing · ⤓ 990 PDF
FY2024$372K revenue · ⤓ 990 PDF
FY2023$454K revenue · ⤓ 990 PDF
FY2022$295K revenue · ⤓ 990 PDF
FY2021$239K revenue · ⤓ 990 PDF
FY2020$209K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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