Ozaukee County Economic Development Corporation

Not tax-deductible

Prt Washingtn, WI501(c)(6)Since 1989Community DevelopmentEIN 39-1659962Revenue $265K in FY2025

On file with the IRSozaukeebusiness.org121 W Main St, 53074-1813 · Prt Washingtn, WITax-exempt since Oct 2022

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Regional economic development

Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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 5
filings with a surplus
Average surplus $20K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$39K
to officers and key staff · 16% of spending
Top officer’s pay lower than 80% of similar orgs
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$265K
-3% vs prior year
Spent
$250K
Net assets
$298K
By yearFY2021–FY2025
Revenue
$265K
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$222K
FY2022$232K
FY2023$255K
FY2024$273K
FY2025$265K
Expenses
$250K
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2021$191K
FY2022$222K
FY2023$226K
FY2024$260K
FY2025$250K
Net assets
$298K
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2021$231K
FY2022$232K
FY2023$267K
FY2024$281K
FY2025$298K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2022.

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

Who runs it and what they're paid

22 people listed on the 990; $39K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$39,000Pt VII · Sec A
$0Pt VII · Sec A
VP Public Sector
$0Pt VII · Sec A
VP Private Sector
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kathleen Cady Schilling’s $39K as Executive Director is at the 20th percentile of top reported officer pay among 1708 $100K–1M 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

NameFY2025FY2024FY2023FY2022
Kathleen Cady Schilling$39,000$36,000$33,000$25,000

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 Ozaukee 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 15aNo

Programs and updates

Fostering economic growth in Ozaukee County, Wisconsin, through training, business incentives, and information sharing.

Questions for Ozaukee County Economic Development Corporation

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Provided by the organization

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1 program · in their own filed words · FY2025
01

Focus on economic expansion in Ozaukee County Wisconsin through training, coordinated buiness incentives and information clearing house.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$265K
Ln 12
Gifts and grantsLn 1h$212K
Fees for servicesLn 2g$40K
Investment incomeLn 3$13K
Money outPt IX
$250K
Ln 25
Owns and owesPt X
$298K
net assets · Ln 32
Cash and savingsLn 1–2$246K
Total assetsLn 16$334K
LiabilitiesLn 26$36K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212K
Government grantsLn 1e$158K
Fees for servicesLn 2g$40K
Investment incomeLn 3$13K
Total revenueLn 12$265K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$220K
Cash and savings togetherLn 1–2$246K
InvestmentsLn 11–13$65K
Total assetsLn 16$334K
LiabilitiesLn 26$36K
Net assetsLn 32$298K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY25End FY25
Cash and savingsLn 1–2$190K$246K
InvestmentsLn 11–13$58K$65K
Total assetsLn 16$318K$334K
LiabilitiesLn 26$37K$36K
Net assetsLn 32$281K$298K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$2K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$39K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$147K
Legal feesLn 11b$0
Accounting feesLn 11c$2K
Lobbying feesLn 11d$0
Investment management feesLn 11f$426
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$17K
Office expensesLn 13$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$6K
TravelLn 17$3K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$3K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$25K
All other expensesLn 24e$0
Total functional expensesLn 25$250K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $265K$250K$15K$298K 990 PDF
FY2024 $273K$260K$14K$281K 990 PDF
FY2023 $255K$226K$29K$267K 990 PDF
FY2022 $232K$222K$10K$232K 990 PDF
FY2021 $222K$191K$31K$231K 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 FY2025 990 (6 parts)
Part I · Summary $264,874 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $208,159$211,850
I-9 Program service revenuePrior year $49,833$39,962
I-10 Investment incomePrior year $15,382$13,062
I-11 Other revenue$0
I-12 Total revenuePrior year $273,374$264,874
I-13 Grants and similar amounts paidPrior year $3,000$2,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$39,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $256,646$209,181
I-18 Total expensesPrior year $259,646$250,181
I-19 Revenue less expensesPrior year $13,728$14,693
Part VI · Governance 21 of 21 board members independent, 3 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $264,874 across 6 lines filed
VIII-1e Government grants$158,250
VIII-1f All other contributions, gifts and grants$53,600
VIII-1h Total contributions, gifts and grants$211,850
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,962$39,962
VIII-3 Investment incomeExcluded from tax $13,062$13,062
VIII-12 Total revenueRelated to mission $39,962 · Excluded from tax $13,062$264,874
Part IX · Statement of functional expenses $250,181 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$2,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$39,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$146,940
IX-11b Legal fees$0
IX-11c Accounting fees$1,725
IX-11d Lobbying fees$0
IX-11f Investment management fees$426
IX-11g Other fees for services$0
IX-12 Advertising and promotion$16,885
IX-13 Office expenses$2,900
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$6,000
IX-17 Travel$2,608
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$3,100
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$3,631
IX-24 Other expenses (24a–d)$24,966
IX-24e All other expenses$0
IX-25 Total functional expenses$250,181
Part X · Balance sheet $333,514 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $11,022$25,183
X-2 Savings and temporary cash investmentsStart of year $178,782$220,480
X-9 Prepaid expenses and deferred chargesStart of year $35,347$22,494
X-11 Publicly traded securitiesStart of year $58,452$65,357
X-16 Total assetsStart of year $318,373$333,514
X-17 Accounts payable and accrued expensesStart of year $37,183$31,378
X-19 Deferred revenue$4,286
X-26 Total liabilitiesStart of year $37,183$35,664
X-27 Net assets without donor restrictionsStart of year $281,190$297,850
X-32 Total net assets or fund balancesStart of year $281,190$297,850
X-33 Total liabilities and net assetsStart of year $318,373$333,514
Part XI · Reconciliation of net assets $297,850 net assets at year end
XI-1 Total revenue$264,874
XI-2 Total expenses$250,181
XI-3 Revenue less expenses$14,693
XI-4 Net assets at start of year$281,190
XI-5 Net unrealized gains (losses) on investments$1,967
XI-10 Net assets at end of year$297,850

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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