St Croix Economic Development Corp

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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.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 39-1758489) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
65¢ of each $1 spent went to programs.
Run by 20 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
65% of spending went to programs.
Pt IX · Ln 25 · col B
12.7 mo
of spending, in cash
12.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$21K
7% of total assets
Liabilities are 7% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$257K
-0.5% vs prior year
Spent
$267K
To programs
65%
Net assets
$266K
By yearFY2020–FY2024
Revenue
$257K
FY2024-0.5%
Tap a bar for its year
Revenue by fiscal year
FY2020$213K
FY2021$212K
FY2022$224K
FY2023$258K
FY2024$257K
Expenses
$267K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$207K
FY2021$204K
FY2022$214K
FY2023$290K
FY2024$267K
Net assets
$266K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$291K
FY2021$298K
FY2022$308K
FY2023$277K
FY2024$266K

From the FY2024 Form 990 · see the original

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.

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Who runs it and what they're paid

19 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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
2nd Vice Pre
$0Pt VII · Sec A
See St Croix Economic Development Corp executive salaries →

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.

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3 programs · $174K · in their own filed words · FY2024
01

Retention

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 39-1758489) · Dispute this line
$110Kprogram expense
02

Promotion

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 39-1758489) · Dispute this line
$36Kprogram expense
03

Prospect development

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 39-1758489) · Dispute this line
$28Kprogram expense

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
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $13K · 2020–2023
Individual RecipientFY2023$6,000
Individual RecipientFY2020$7,000

By the numbers

The FY2024 990, line by line.

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
Accounts receivableLn 4$2K
Prepaid expenses and deferred chargesLn 9$2K
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 officers and key staff (Part IX, line 5)Ln 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 ViewingFiled with the IRS Sep 23, 2025 $257K$267K−$10K$266K 990 PDF
FY2023Filed with the IRS Jun 11, 2024 $258K$290K−$32K$277K 990 PDF
FY2022Filed with the IRS May 11, 2023 $224K$214K$10K$308K 990 PDF
FY2021Filed with the IRS May 16, 2022 $212K$204K$8K$298K 990 PDF
FY2020Filed with the IRS Jun 7, 2021 $213K$207K$6K$291K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $257,098 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $244,425$256,335
I-9 Program service revenuePrior year $11,500$6,750
I-10 Investment incomePrior year $5,902$2,772
I-11 Other revenuePrior year −$3,483−$8,759
I-12 Total revenuePrior year $258,344$257,098
I-13 Grants and similar amounts paidPrior year $22,000$1,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $162,663$164,594
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $105,200$101,875
I-18 Total expensesPrior year $289,863$267,469
I-19 Revenue less expensesPrior year −$31,519−$10,371
Part VI · Governance 19 of 19 board members independent, 3 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
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 officers and key staff (Part IX, line 5)Programs $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 FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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