Beaver Dam Area Development Corporation

Not tax-deductible

Beaver Dam, WI501(c)(6)Since 1997EIN 39-1882652

The development corporation will undertake programs and initiatives intended to stimulate additional economic development within the city, thereby expanding the city tax base and creating jobs for city residents.

$200K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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 6
filings with a surplus
Average surplus $49K a year · 18% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$200K
to officers and key staff · 78% of spending
Concern: pay to officers and key staff is 78% of spending; over 30%.
Pt VII · Sec A
Cash reserves
186 mo
of spending, in cash
Looks good: 186.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$365K
+11% vs prior year
Spent
$256K
Net assets
$4.2M
By yearFY2020–FY2025
Revenue
$365K
FY2025▲ +11%
Revenue by fiscal year
FY2020$231K
FY2021$203K
FY2022$212K
FY2023$314K
FY2024$328K
FY2025$365K
Expenses
$256K
FY2025▼ -3%
Expenses by fiscal year
FY2020$189K
FY2021$261K
FY2022$189K
FY2023$200K
FY2024$265K
FY2025$256K
Net assets
$4.2M
FY2025▲ +3%
Net assets by fiscal year
FY2020$3.9M
FY2021$3.9M
FY2022$3.9M
FY2023$4.0M
FY2024$4.1M
FY2025$4.2M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1997.

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

Who runs it and what they're paid

12 people listed on the 990; $200K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$200,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Trent Campbell$200,000$175,000$150,000$136,350$136,350$136,350

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 Beaver Dam Area 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 15aYes

Programs and updates

Stimulates economic development through programs and initiatives in the Beaver Dam, Wisconsin area.

Provided by the organization

This section is blank until Beaver Dam Area Development Corporation claims this page.

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1 program service, described in the organization's own filed words · FY2025.
01

Economic Development Activities Include

(1) continuing to provide assistance to the city of beaver dam in its development of additional business parks, (2) continued efforts at opening lines of communications with prospective businesses investigating business expansion or relocation and, (3) meeting with community business leaders and local government officials to continue…

Pt IX · col B

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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 · this organization's grantmaking
Grants paid · 2 grants · $81K · 2021–2021
Centro INCFY2021$51,000
Classic Brands LLCFY2021$30,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$365K
Ln 12
Fees for servicesLn 2g$200K
Investment incomeLn 3$165K
Money outPt IX
$256K
Ln 25
Owns and owesPt X
$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$4.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$200K
Investment incomeLn 3$165K
Total revenueLn 12$365K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$4.0M
Other assetsLn 15$775
Total assetsLn 16$4.2M
LiabilitiesLn 26$0
Net assetsLn 32$4.2M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$3.9M$4.0M
Total assetsLn 16$4.1M$4.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.1M$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$200K
Other employee benefitsLn 9$22K
Payroll taxesLn 10$14K
Management feesLn 11a$5K
Accounting feesLn 11c$5K
Other fees for servicesLn 11g$175
Office expensesLn 13$2K
OccupancyLn 16$4K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$692
Total functional expensesLn 25$256K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $365K$256K$109K$4.2M 990 PDF
FY2024 $328K$265K$63K$4.1M 990 PDF
FY2023 $314K$200K$114K$4.0M 990 PDF
FY2022 $212K$189K$23K$3.9M 990 PDF
FY2021 $203K$261K−$58K$3.9M 990 PDF
FY2020 $231K$189K$43K$3.9M 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 (4 parts)
Part VIII · Statement of revenue $365,438 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $200,000$200,000
VIII-3 Investment incomeExcluded from tax $165,438$165,438
VIII-12 Total revenueRelated to mission $200,000 · Unrelated business $0 · Excluded from tax $165,438$365,438
Part IX · Statement of functional expenses $256,491 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$200,000
IX-9 Other employee benefits$22,000
IX-10 Payroll taxes$13,877
IX-11a Management fees$4,820
IX-11c Accounting fees$5,090
IX-11g Other fees for services$175
IX-13 Office expenses$2,363
IX-16 Occupancy$3,930
IX-23 Insurance$3,544
IX-24 Other expenses (24a–d)$692
IX-25 Total functional expenses$256,491
Part X · Balance sheet $4,193,318 assets, 7 lines filed
Asset lines not itemized here account for $215,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $5,001$4,399
X-2 Savings and temporary cash investmentsStart of year $3,848,190$3,973,144
X-15 Other assetsStart of year $16,180$775
X-16 Total assetsStart of year $4,084,371$4,193,318
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $4,084,371$4,193,318
X-33 Total liabilities and net assetsStart of year $4,084,371$4,193,318
Part XI · Reconciliation of net assets $4,193,318 net assets at year end
XI-1 Total revenue$365,438
XI-2 Total expenses$256,491
XI-3 Revenue less expenses$108,947
XI-4 Net assets at start of year$4,084,371
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,193,318

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

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