Centergy INC FY2020 filing

Not tax-deductible

Wausau, WI501(c)(4) EIN 39-1643470Revenue $209K in FY2020

On file with the IRScentergy.net210 McClellan St Ste 210, 54403-4820 · Wausau, WITax-exempt since Oct 1989

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The mission of Centergy is to promote the region, retain and attract thriving businesses, align regional talent development resources and initiatives, and support innovation and entrepreneurship to inspire continuous improvement in our region's economic vitality.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
81¢ of each $1 spent went to programs.
$87K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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 $40K a year · 12% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 39% of spending
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $20K in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$209K
Spent
$221K
To programs
81%
Net assets
$65K
By yearFY2020–FY2025
Revenue
$209K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$209K
FY2021$239K
FY2022$295K
FY2023$454K
FY2024$372K
FY2025$418K
Expenses
$221K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$221K
FY2021$216K
FY2022$174K
FY2023$446K
FY2024$328K
FY2025$360K
Net assets
$65K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$65K
FY2021$86K
FY2022$206K
FY2023$215K
FY2024$260K
FY2025$317K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Oct 1989.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $180K Management & general 19% · $42K Fundraising 0% · $42

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

27 people listed on the 990; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$87,010Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Gordon Crow——$47,460$94,920$87,010
Angel Laidlaw$84,000$91,051———
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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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 15aNo

Programs and updates

Promotes regional business growth, talent development, and innovation for economic vitality.

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Provided by the organization

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3 programs · $180K · in their own filed words · FY2020
01

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 -supported the development of the inspire program for the central wisconsin region.

$72Kprogram expense
02

Business development initiatives infrastructure-facilitated and implemented efforts to develop a regional supply chain network to encourage scalable new market opportunities with the objective of expanded market exposure and diversification of suppliers.

$54Kprogram 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 for…

$54Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Aspirus INCFY2020$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$209K
Ln 12
Gifts and grantsLn 1h$181K
Fees for servicesLn 2g$28K
Investment incomeLn 3$40
Money outPt IX
$221K
Ln 25
Programscol B$180K
Managementcol C$42K
Fundraisingcol D$42
Owns and owesPt X
$65K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$65K
LiabilitiesLn 26$0
PeoplePt VI, VII
27
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$181K
Fees for servicesLn 2g$28K
Investment incomeLn 3$40
Total revenueLn 12$209K
Assets in detailPt X, end of year
CashLn 1$19K
Cash and savings togetherLn 1–2$19K
InvestmentsLn 11–13$20K
Other assetsLn 15$0
Total assetsLn 16$65K
LiabilitiesLn 26$0
Net assetsLn 32$65K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$11K$19K
InvestmentsLn 11–13$40K$20K
Total assetsLn 16$86K$65K
LiabilitiesLn 26$8K$0
Net assetsLn 32$77K$65K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$1K$454
Office expensesLn 13$312$312
Information technologyLn 14$3K$2K$896
OccupancyLn 16−$230−$230
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$210K$170K$40K
All other expensesLn 24e$1K$1K$357$42
Total functional expensesLn 25$221K$180K$42K$42

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $418K$360K$57K$317K 990 PDF
FY2024 $372K$328K$45K$260K 990 PDF
FY2023 $454K$446K$9K$215K 990 PDF
FY2022 $295K$174K$121K$206K 990 PDF
FY2021 $239K$216K$23K$86K 990 PDF
FY2020 Viewing $209K$221K−$12K$65K 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 FY2020 990 (6 parts)
Part I · Summary $209,103 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $165,300$180,750
I-9 Program service revenuePrior year $9,565$28,313
I-10 Investment incomePrior year $0$40
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $174,865$209,103
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $158,381$221,115
I-18 Total expensesPrior year $158,381$221,115
I-19 Revenue less expensesPrior year $16,484−$12,012
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $209,103 across 5 lines filed
VIII-1f All other contributions, gifts and grants$180,750
VIII-1h Total contributions, gifts and grants$180,750
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,313$28,313
VIII-3 Investment incomeExcluded from tax $40$40
VIII-12 Total revenueRelated to mission $28,313 · Unrelated business $0 · Excluded from tax $40$209,103
Part IX · Statement of functional expenses $221,115 across 8 lines filed
IX-11c Accounting feesPrograms $1,361 · Management $454$1,815
IX-13 Office expensesPrograms $312$312
IX-14 Information technologyPrograms $2,092 · Management $896$2,988
IX-16 OccupancyPrograms −$230−$230
IX-19 Conferences, conventions and meetingsPrograms $3,511$3,511
IX-23 InsurancePrograms $1,427$1,427
IX-24 Other expenses (24a–d)Programs $170,008 · Management $39,857$209,865
IX-24e All other expensesPrograms $1,028 · Management $357 · Fundraising $42$1,427
IX-25 Total functional expensesPrograms $179,509 · Management $41,564 · Fundraising $42$221,115
Part X · Balance sheet $65,364 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $11,004$19,119
X-4 Accounts receivableStart of year $34,250$26,250
X-11 Publicly traded securitiesStart of year $39,947$19,995
X-15 Other assetsStart of year $675$0
X-16 Total assetsStart of year $85,876$65,364
X-17 Accounts payable and accrued expensesStart of year $5,000$0
X-19 Deferred revenueStart of year $3,500$0
X-26 Total liabilitiesStart of year $8,500$0
X-27 Net assets without donor restrictionsStart of year $77,376$65,364
X-32 Total net assets or fund balancesStart of year $77,376$65,364
X-33 Total liabilities and net assetsStart of year $85,876$65,364
Part XI · Reconciliation of net assets $65,364 net assets at year end
XI-1 Total revenue$209,103
XI-2 Total expenses$221,115
XI-3 Revenue less expenses−$12,012
XI-4 Net assets at start of year$77,376
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$65,364

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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