Beaver Dam Area Development Corporation FY2020 filing

Not tax-deductible

Beaver Dam, WI501(c)(6)Since 1997Mutual / membership EIN 39-1882652Revenue $231K in FY2020

On file with the IRSPo Box 492, 53916-0492 · Beaver Dam, WITax-exempt since Sep 1997

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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.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$136K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · 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
$136K
to officers and key staff · 72% of spending
Concern: pay to officers and key staff is 72% of spending; over 30%.
Pt VII · Sec A
251 mo
of spending, in cash
Looks good: 250.6 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
$231K
Spent
$189K
Net assets
$3.9M
By yearFY2020–FY2025
Revenue
$231K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$231K
FY2021$203K
FY2022$212K
FY2023$314K
FY2024$328K
FY2025$365K
Expenses
$189K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$189K
FY2021$261K
FY2022$189K
FY2023$200K
FY2024$265K
FY2025$256K
Net assets
$3.9M
FY2020
Tap a bar for its year
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 FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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; $136K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$136,350Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/ Treasurer
$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.

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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.

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Provided by the organization

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1 program · in their own filed words · FY2020
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

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$231K
Ln 12
Fees for servicesLn 2g$116K
Other incomeLn 4–11$63K
Investment incomeLn 3$52K
Money outPt IX
$189K
Ln 25
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$3.9M
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$116K
Investment incomeLn 3$52K
Other incomeLn 4–11$63K
Total revenueLn 12$231K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$3.9M
Cash and savings togetherLn 1–2$3.9M
Other assetsLn 15$5K
Total assetsLn 16$3.9M
LiabilitiesLn 26$0
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.9M$3.9M
Total assetsLn 16$3.9M$3.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.9M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$136K
Other employee benefitsLn 9$22K
Payroll taxesLn 10$10K
Management feesLn 11a$5K
Legal feesLn 11b$2K
Accounting feesLn 11c$4K
Office expensesLn 13$2K
OccupancyLn 16$4K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$520
Total functional expensesLn 25$189K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $231K$189K$43K$3.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $231,477 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $100,968$116,444
I-10 Investment incomePrior year $59,198$52,033
I-11 Other revenuePrior year $0$63,000
I-12 Total revenuePrior year $160,166$231,477
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $144,445$168,840
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,790$19,678
I-18 Total expensesPrior year $162,235$188,518
I-19 Revenue less expensesPrior year −$2,069$42,959
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $231,477 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $116,444$116,444
VIII-3 Investment incomeExcluded from tax $52,033$52,033
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $63,000$63,000
VIII-12 Total revenueRelated to mission $179,444 · Unrelated business $0 · Excluded from tax $52,033$231,477
Part IX · Statement of functional expenses $188,518 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$136,350
IX-9 Other employee benefits$22,000
IX-10 Payroll taxes$10,490
IX-11a Management fees$4,848
IX-11b Legal fees$2,000
IX-11c Accounting fees$3,636
IX-13 Office expenses$2,035
IX-16 Occupancy$3,636
IX-23 Insurance$3,003
IX-24 Other expenses (24a–d)$520
IX-25 Total functional expenses$188,518
Part X · Balance sheet $3,942,428 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $14,576$5,531
X-2 Savings and temporary cash investmentsStart of year $3,878,970$3,931,897
X-15 Other assetsStart of year $5,923$5,000
X-16 Total assetsStart of year $3,899,469$3,942,428
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,899,469$3,942,428
X-33 Total liabilities and net assetsStart of year $3,899,469$3,942,428
Part XI · Reconciliation of net assets $3,942,428 net assets at year end
XI-1 Total revenue$231,477
XI-2 Total expenses$188,518
XI-3 Revenue less expenses$42,959
XI-4 Net assets at start of year$3,899,469
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,942,428

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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