Green County Development Corporation FY2022 filing

Tax-deductible

Monroe, WI501(c)(3)Community DevelopmentEIN 39-1749682

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Green County Development is to operate exclusively for educational and charitable purposes, and where appropriate to lessen the burdens of government.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $157K a year · 39% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
86 mo
of spending, in cash
Looks good: 86.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $510K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$155K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 23 voting members
Concern: none of 23 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$31K
-105% vs prior year
Spent
$128K
To programs
77%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
−$31K
FY2022▼ -105%
Revenue by fiscal year
FY2020$513K
FY2021$566K
FY2022−$31K
FY2023$419K
FY2024$556K
Expenses
$128K
FY2022▼ -53%
Expenses by fiscal year
FY2020$312K
FY2021$273K
FY2022$128K
FY2023$126K
FY2024$399K
Net assets
$1.1M
FY2022▼ -13%
Net assets by fiscal year
FY2020$948K
FY2021$1.2M
FY2022$1.1M
FY2023$1.4M
FY2024$1.5M

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2011.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $99K Management & general 23% · $29K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Green County 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

Empowers communities through educational and charitable initiatives, easing government burdens.

Provided by the organization

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1 program service account for $99K of program spending, described in the organization's own filed words · FY2022.
01

Green County Development provided educational and charitable activity to lessen the burdens of government.

$99Kprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$510K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
−$31K
Ln 12
Fees for servicesLn 2g$113K
Gifts and grantsLn 1h$100K
Investment incomeLn 3$4K
Money outPt IX
$128K
Ln 25
Programscol B$99K
Managementcol C$29K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$920K
Total assetsLn 16$1.2M
LiabilitiesLn 26$155K
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a23
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100K
Government grantsLn 1e$44K
Fees for servicesLn 2g$113K
Investment incomeLn 3$4K
Gains on assetsLn 7$0
Total revenueLn 12−$31K
Assets in detailPt X, end of year
CashLn 1$712K
SavingsLn 2$209K
Cash and savings togetherLn 1–2$920K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$155K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.1M$920K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.4M$1.2M
LiabilitiesLn 26$146K$155K
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
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$95K$85K$9K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$4K$4K$390
Other employee benefitsLn 9$0
Payroll taxesLn 10$7K$4K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$7K$7K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$744$372$372
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$9K$5K$4K
All other expensesLn 24e$4K$1K$2K
Total functional expensesLn 25$128K$99K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $556K$399K$158K$1.5M 990 PDF
FY2023 $419K$126K$293K$1.4M 990 PDF
FY2022 Viewing −$31K$128K−$159K$1.1M 990 PDF
FY2021 $566K$273K$293K$1.2M 990 PDF
FY2020 $513K$312K$201K$948K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue −$31,092 across 10 lines filed
VIII-1e Government grants$43,557
VIII-1f All other contributions, gifts and grants$56,500
VIII-1h Total contributions, gifts and grants$100,057
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $113,300$113,300
VIII-3 Investment incomeExcluded from tax $4,481$4,481
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events−$248,930
VIII-12 Total revenueRelated to mission $113,300 · Excluded from tax $4,481−$31,092
Part IX · Statement of functional expenses $128,059 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
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 staffPrograms $85,438 · Management $9,493$94,931
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributionsPrograms $3,514 · Management $390$3,904
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $3,619 · Management $3,618$7,237
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,249$7,249
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $1,800$1,800
IX-13 Office expensesPrograms $372 · Management $372$744
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $4,805 · Management $3,855$8,660
IX-24e All other expensesPrograms $1,252 · Management $2,282$3,534
IX-25 Total functional expensesPrograms $99,000 · Management $29,059 · Fundraising $0$128,059
Part X · Balance sheet $1,236,725 assets, 18 lines filed
Asset lines not itemized here account for $194,300; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $872,382$711,597
X-2 Savings and temporary cash investmentsStart of year $204,935$208,657
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $123,544$122,171
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,387,725$1,236,725
X-17 Accounts payable and accrued expensesStart of year $20,761$29,862
X-19 Deferred revenueStart of year $125,665$124,715
X-26 Total liabilitiesStart of year $146,426$154,577
X-32 Total net assets or fund balancesStart of year $1,241,299$1,082,148
X-33 Total liabilities and net assetsStart of year $1,387,725$1,236,725
Part XI · Reconciliation of net assets $1,082,148 net assets at year end
XI-1 Total revenue−$31,092
XI-2 Total expenses$128,059
XI-3 Revenue less expenses−$159,151
XI-4 Net assets at start of year$1,241,299
XI-10 Net assets at end of year$1,082,148

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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