philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

St Croix Economic Development Corp

Not tax-deductible

River Falls, WI501(c)(6)EIN 39-1758489

To promote economic development, which shall include industrial and commercial development, job creation and retention and job training. To provide direction and coordination to development. To assist towns, villages, cities and other organizations with financing and permit applications for economic development. To research available resources and create and maintain a central source of information and assistance to support economic development. To maintain contact and cooperate with public agencies and private organizations which promote economic development.

65¢ of each $1 spent went to programs.
Run by 20 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
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
3 of 5
filings with a surplus
Average deficit $4K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$21K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$257K
-0.5% vs prior year
Spent
$267K
To programs
65%
Net assets
$266K
By yearFY2020–FY2024
Revenue
$257K
FY2024-0.5%
Revenue by fiscal year
FY2020$213K
FY2021$212K
FY2022$224K
FY2023$258K
FY2024$257K
Expenses
$267K
FY2024▼ -8%
Expenses by fiscal year
FY2020$207K
FY2021$204K
FY2022$214K
FY2023$290K
FY2024$267K
Net assets
$266K
FY2024▼ -4%
Net assets by fiscal year
FY2020$291K
FY2021$298K
FY2022$308K
FY2023$277K
FY2024$266K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1995.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $174K Management & general 33% · $87K Fundraising 2% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Tom Aaby
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Megan Boldig
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bob Feidler
Director
$0Pt VII · Sec A
Steve Gossel
Director
$0Pt VII · Sec A
Brian Hinz
2nd Vice Pre
$0Pt VII · Sec A
See St Croix Economic Development Corp executive salaries →

Are you one of these people? Claim this org to confirm your role

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 15aYes

Programs and updates

Drives economic growth through job creation, training, and assistance with development financing and permits.

Provided by the organization

This section is blank until St Croix Economic Development Corp claims this page.

Know this organization? Claim it to add your story

3 program services account for $174K of program spending, described in the organization's own filed words · FY2024.
01

Retention

$110Kprogram expense
02

Promotion

$36Kprogram expense
03

Prospect development

$28Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Twin Cities-Metro Certified Development CompanyFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $13K · 2020–2023
Hudson Grocery CooperativeFY2023$6,000
Junior AchievementFY2020$7,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$257K
Ln 12
Gifts and grantsLn 1h$256K
Fees for servicesLn 2g$7K
Investment incomeLn 3$3K
Money outPt IX
$267K
Ln 25
Programscol B$174K
Managementcol C$87K
Fundraisingcol D$7K
Owns and owesPt X
$266K
net assets · Ln 32
Cash and savingsLn 1–2$282K
Total assetsLn 16$287K
LiabilitiesLn 26$21K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$256K
Government grantsLn 1e$129K
Fundraising eventsLn 1c$4K
Fees for servicesLn 2g$7K
Investment incomeLn 3$3K
Total revenueLn 12$257K
Assets in detailPt X, end of year
SavingsLn 2$282K
Cash and savings togetherLn 1–2$282K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$287K
LiabilitiesLn 26$21K
Net assetsLn 32$266K
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
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 FY24End FY24
Cash and savingsLn 1–2$293K$282K
Land, buildings, equipmentLn 10c$4K$2K
Total assetsLn 16$298K$287K
LiabilitiesLn 26$21K$21K
Net assetsLn 32$277K$266K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Pay of current officers, directors and key staffLn 5$93K$71K$19K$4K
Other salaries and wagesLn 7$55K$42K$11K$2K
Pension plan contributionsLn 8$4K$3K$779$156
Other employee benefitsLn 9$743$564$149$30
Payroll taxesLn 10$12K$9K$2K$468
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$25K$24K$122$24
Office expensesLn 13$3K$468$2K
OccupancyLn 16$12K$12K
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$41K$21K$20K
All other expensesLn 24e$5K$1K$4K$50
Total functional expensesLn 25$267K$174K$87K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $257K$267K−$10K$266K 990 PDF
FY2023 $258K$290K−$32K$277K 990 PDF
FY2022 $224K$214K$10K$308K 990 PDF
FY2021 $212K$204K$8K$298K 990 PDF
FY2020 $213K$207K$6K$291K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $257,098 across 10 lines filed
VIII-1b Membership dues$103,140
VIII-1c Fundraising events$4,045
VIII-1e Government grants$129,150
VIII-1f All other contributions, gifts and grants$20,000
VIII-1h Total contributions, gifts and grants$256,335
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,750$6,750
VIII-3 Investment incomeExcluded from tax $2,772$2,772
VIII-8 Net income from fundraising eventsExcluded from tax −$11,802−$11,802
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,043$3,043
VIII-12 Total revenueRelated to mission $6,750 · Excluded from tax −$5,987$257,098
Part IX · Statement of functional expenses $267,469 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000$1,000
IX-5 Pay of current officers, directors and key staffPrograms $70,552 · Management $18,565 · Fundraising $3,715$92,832
IX-7 Other salaries and wagesPrograms $42,115 · Management $11,083 · Fundraising $2,217$55,415
IX-8 Pension plan contributionsPrograms $2,959 · Management $779 · Fundraising $156$3,894
IX-9 Other employee benefitsPrograms $564 · Management $149 · Fundraising $30$743
IX-10 Payroll taxesPrograms $8,900 · Management $2,342 · Fundraising $468$11,710
IX-11c Accounting feesManagement $9,230$9,230
IX-11g Other fees for servicesPrograms $24,465 · Management $122 · Fundraising $24$24,611
IX-13 Office expensesPrograms $468 · Management $2,038$2,506
IX-16 OccupancyManagement $11,533$11,533
IX-17 TravelManagement $4,059$4,059
IX-22 Depreciation, depletion and amortizationManagement $1,254$1,254
IX-23 InsuranceManagement $1,945$1,945
IX-24 Other expenses (24a–d)Programs $21,309 · Management $19,956$41,265
IX-24e All other expensesPrograms $1,243 · Management $4,179 · Fundraising $50$5,472
IX-25 Total functional expensesPrograms $173,575 · Management $87,234 · Fundraising $6,660$267,469
Part X · Balance sheet $287,496 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $293,288$282,247
X-4 Accounts receivableStart of year $50$1,500
X-9 Prepaid expenses and deferred chargesStart of year $1,494$1,500
X-10c Land, buildings and equipment, netStart of year $3,503$2,249
X-16 Total assetsStart of year $298,335$287,496
X-17 Accounts payable and accrued expensesStart of year $3,713$16,195
X-19 Deferred revenueStart of year $17,775$4,825
X-26 Total liabilitiesStart of year $21,488$21,020
X-27 Net assets without donor restrictionsStart of year $275,097$255,726
X-28 Net assets with donor restrictionsStart of year $1,750$10,750
X-32 Total net assets or fund balancesStart of year $276,847$266,476
X-33 Total liabilities and net assetsStart of year $298,335$287,496
Part XI · Reconciliation of net assets $266,476 net assets at year end
XI-1 Total revenue$257,098
XI-2 Total expenses$267,469
XI-3 Revenue less expenses−$10,371
XI-4 Net assets at start of year$276,847
XI-10 Net assets at end of year$266,476

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.