Eau Claire Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 57-0978007)

Revenue by fiscal year
FY2020	$293K
FY2021	$246K
FY2022	$245K
FY2023	$9K
FY2024	$524

Expenses by fiscal year
FY2020	$108K
FY2021	$119K
FY2022	$168K
FY2023	$307K
FY2024	$312K

Net assets by fiscal year
FY2020	$700K
FY2021	$827K
FY2022	$939K
FY2023	$675K
FY2024	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

87 cents of each dollar spent went to programs.

87%

13%

Program services 87% · $272K Management & general 13% · $41K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

C Patrick Fowler

Chair

$0Pt VII · Sec A

Benjamin D Johnson

Co-Chair

$0Pt VII · Sec A

Milton Kimpson

Secretary

$0Pt VII · Sec A

Chester Leaks

Board Member

$0Pt VII · Sec A

Joy Middleton ESQ.

Board Member

$0Pt VII · Sec A

Robyn Marren

Board Member

$0Pt VII · Sec A

Tina N Herbert

Board Member

$0Pt VII · Sec A

Dr James Lanpher

Board Member

$0Pt VII · Sec A

See Eau Claire 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

Promotes conservation and redevelopment in the Eau Claire area.

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Provided by the organization

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1 program · $272K · in their own filed words · FY2023

01

Grants and expenses designed to encourage conservation and redevelopment in the eau claire (north columbia) AREA.THE organization dissolved as of june 30, 2024 and transferred all assets in accordance with the reporting on schedule n of this form 990.

$272Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$524

Ln 12

Other incomeLn 4–11$495

Investment incomeLn 3$29

Money outPt IX

$312K

Ln 25

Programscol B$272K

Managementcol C$41K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$29

Other incomeLn 4–11$495

Total revenueLn 12$524

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 68

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$352K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$405K	$0
Total assetsLn 16	$1.2M	$0
LiabilitiesLn 26	$574K	$0
Net assetsLn 32	$675K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Office expensesLn 13	$472	$411	$61
Information technologyLn 14	$885	$770	$115
OccupancyLn 16	$6K	$6K	$829
TravelLn 17	$38	$33	$5
Payments to affiliatesLn 21	$295K	$256K	$38K
Depreciation, depletion and amortizationLn 22	$6K	$5K	$796
InsuranceLn 23	$3K	$3K	$438
Total functional expensesLn 25	$312K	$272K	$41K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$524	$312K	−$312K	$0	990 PDF
FY2023	$9K	$307K	−$298K	$675K	990 PDF
FY2022	$245K	$168K	$76K	$939K	990 PDF
FY2021	$246K	$119K	$127K	$827K	990 PDF
FY2020	$293K	$108K	$185K	$700K	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 FY2024 990 (6 parts)

Part I · Summary $524 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $84$0

I-9 Program service revenuePrior year $7,893$0

I-10 Investment incomePrior year $35$29

I-11 Other revenuePrior year $540$495

I-12 Total revenuePrior year $8,552$524

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 $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $306,765$312,085

I-18 Total expensesPrior year $306,765$312,085

I-19 Revenue less expensesPrior year −$298,213−$311,561

Part VI · Governance 8 of 8 board members independent, 3 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $524 across 3 lines filed

VIII-3 Investment incomeExcluded from tax $29$29

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $495$495

VIII-12 Total revenueRelated to mission $495 · Unrelated business $0 · Excluded from tax $29$524

Part IX · Statement of functional expenses $312,085 across 7 lines filed

IX-13 Office expensesPrograms $411 · Management $61$472

IX-14 Information technologyPrograms $770 · Management $115$885

IX-16 OccupancyPrograms $5,551 · Management $829$6,380

IX-17 TravelPrograms $33 · Management $5$38

IX-21 Payments to affiliatesPrograms $256,493 · Management $38,327$294,820

IX-22 Depreciation, depletion and amortizationPrograms $5,328 · Management $796$6,124

IX-23 InsurancePrograms $2,928 · Management $438$3,366

IX-25 Total functional expensesPrograms $271,514 · Management $40,571 · Fundraising $0$312,085

Part X · Balance sheet $0 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $56,426$0

X-2 Savings and temporary cash investmentsStart of year $295,188$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred chargesStart of year $3,667$0

X-10c Land, buildings and equipment, netStart of year $404,860$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 assetsStart of year $488,307$0

X-16 Total assetsStart of year $1,248,448$0

X-25 Other liabilitiesStart of year $7,601$0

X-26 Total liabilitiesStart of year $573,893$0

X-27 Net assets without donor restrictionsStart of year $636,310$0

X-28 Net assets with donor restrictionsStart of year $38,245$0

X-32 Total net assets or fund balancesStart of year $674,555$0

X-33 Total liabilities and net assetsStart of year $1,248,448$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$524

XI-2 Total expenses$312,085

XI-3 Revenue less expenses−$311,561

XI-4 Net assets at start of year$674,555

XI-9 Other changes in net assets−$362,994

XI-10 Net assets at end of year$0

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

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Eau Claire Development Corporation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Eau Claire Development Corporation

By the numbers

Filing history

Schedules filed Part IV