Advance Shullsburg INC EIN 81-1069128 Form 990 (PDF) Claim this org

Advance Shullsburg INC

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Improves Shullsburg through community and economic development projects. For fiscal year 2024 it reported $142K in revenue, $68K in expenses, and $337K in net assets.Pt I

Type
Supporting organization · Community Development
Location
Shullsburg, WI
Website
www.experienceshullsburg.com
Filings
5 on file (2020–2024)
Revenue
$142KFY2024
Expenses
$68K
Net assets
$337K
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-1069128 Supporting organization Shullsburg, WI
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves Shullsburg through community and economic development projects.
Leadership
Tyson Morrissey · Director · $11K
Money in and out
$142K revenue, $68K expenses
Bottom line
+52% net inflow
Money in and out · FY2024
Total revenue
$142K
Pt VIII · Ln 12
Total expenses
$68K
Pt IX · Ln 25
Net assets
$337K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $74K
Where spending went · Part IX cols B–D
Program services $0.25 Management & general $0.75
Net inflow
+52%
revenue over expenses, this year▲ +338% vs prior filing year
Pass-through gifts
78%
of revenue from contributions▲ +14% vs prior filing year
Program spending
25%
of expenses reach stated programs▼ -38% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$142K
FY2024▲ +75%
Expenses
$68K
FY2024▼ -5%
Total assets
$344K
FY2024▲ +31%
Total liabilities
$6K
FY2024▲ +17%
Total revenue
$142K
Pt VIII · Ln 12
Total expenses
$68K
Pt IX · Ln 25
Net assets
$337K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$74K
Total assetsPt X · Ln 16$344K
Program-expense ratioPt IX · col B25%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $20K of program spending, described in the organization's own filed words · FY2024.
01

Annual events that bring vendors and visitors to Shullsburg to shop, eat locally and support the community

$20Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdvance Shullsburg INC
EINHdr · item D81-1069128
Principal addressHdr · item CShullsburg, WI
WebsiteHdr · item Jwww.experienceshullsburg.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFApr 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$10,633Pt VII · Sec A
Main Street Director
$6,595Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tyson Morrissey’s $11K as Director is at the 7th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tyson Morrissey$10,633$3,750
Cory Ritterbusch$5,164$8,782$10,220
Cassidy Reilly$6,595$5,781$5,310$4,200$2,138
Stephanie Morrissey$2,228$1,800

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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Statement of Revenue

Part VIII
Contributions & grants$111K · 78%
Other revenue$26K · 18%
Investment income$5K · 3%
Contributions & grants78%$111K
Other revenue18%$26K
Investment income3%$5K
Total revenueLn 12$142K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.25 Management & general $0.75
Program services25%$17K
Management & general75%$51K
Total functional expensesLn 25$68K

Balance Sheet

Part X · end of year
CashLn 1$167K
Total assetsLn 16$344K
Total liabilitiesLn 26$6K
Total net assetsLn 32$337K
Months of cash on handcomputed29.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $306K · Operating expenses/yr $68K
54.2 months
Where the money goes
Program services
Program services $17K · Total expenses $68K
25%
Management & General
Management & general $51K · Total expenses $68K
75%
Fundraising
Fundraising $0 · Total expenses $68K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $75K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $111K · Total revenue $142K
78%
Government reliance
Government grants — · Total revenue $142K
Earned-income share
Program service revenue $0 · Total revenue $142K
0%
Investment reliance
Investment income $5K · Total revenue $142K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $68K
0%
Growth & trend
Revenue growth (YoY)
This year $142K · Prior year $81K
+75%
Revenue CAGR
FY2020 $50K · FY2024 $142K
+30%
Net-asset trend (YoY)
End of year $337K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $142K · Expenses $68K
+52%
Liabilities-to-Assets
Total liabilities — · Total assets $344K
Net-asset ratio
Net assets $337K · Total assets $344K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $139K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $344K
40%
People & payroll
Highest Reported Total Compensation
Individual Tyson Morrissey · Reported title Director · Highest reported compensation $11K · Total expenses $68K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $68K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 25%
Overhead ratio 75%
Fundraising cost ratio 0%
Revenue growth 75%
Investment management fee ratio 0.2%
Accounting fee ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$4K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$142K revenue · viewing · ⤓ 990 PDF
FY2023$81K revenue · ⤓ 990 PDF
FY2022$73K revenue · ⤓ 990 PDF
FY2021$146K revenue · ⤓ 990 PDF
FY2020$50K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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