2016-06-10T09:16:54-07:00 2015-12-31 Gordon J Maier & Company LLP 845 Wisconsin Avenue Racine WI 53403 990 2015-01-01 930846583 RACINE COUNTY ECONOMIC DEVELOPMENT CORPORATION RACI 2628987412 2320 RENAISSANCE BLVD STURTEVANT WI 53177 JENNY TRICK Executive Director 2016-06-10 true JULIE CRAIG CPA P01335456 2626347108 2015 2016-09-27 15:27:22Z 2801852 false false X WWW.RACINECOUNTYEDC.ORG X 1983 WI To provide Economic Development services including business recruitment, expansion, business financing, community and workforce developement. 31 30 24 0 2039944 1780957 879388 893288 1144 982 136936 126625 3057412 2801852 0 0 1083093 966118 0 21082 719755 551117 1802848 1517235 1254564 1284617 12878586 14314532 5723397 5784307 7155189 8530225 X To provide Economic Development services including business recruitment, expansion, business financing, community and workforce developement. false false 493411 Business Development- Conducts various business development programs as part of its Business Development Plan Division. These programs include business retention and expansion to identify and implement strategies to address the needs of existing businesses throughout Racine County. It also conducts business recruitment for companies that are seeking a location for business in Racine County. 338032 BUSINESS FINANCE PROGRAM - Manages a number of government and quasi-govenrment business financing programs that provide low-interest loans to Racine County businesses. RCEDC is also a Small Business Administration(SBA)Certified Development Company, and as a result, provides SBA 504 fixed asset loans throughout the State of Wisconsin. Also, utilizes their resources to manage certain community-based revolving loan funds in Southeast Wisconsin, currently managing the loan fund for Waukesha County. 277333 Workforce Development- Provides employer and job seeker services at the Workforce Development Center. Also working in developing policies and programs to assist in the positive development of the Racine County workforce that may be implemented by a variety of partner agencies in Racine County. 185291 1294067 true false false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true 23 0 false 24 true false false false false false false false false 0 false false false false false false false false false false X 31 30 false false false false false false false true true false false true true true true true true true true false WI X JENNY TRICK 2628987424 2320 RENAISSANCE BLVD STURTEVANT WI 53177 MIKE AIMONE Director 1.00 0.00 X 0 0 0 BRYAN ALBRECHT President 1.00 0.00 X X 0 0 0 JULIE ANDERSON Director 1.00 0.00 X 0 0 0 SAM ACKER Director 1.00 0.00 X 0 0 0 LAURA ANDIS BISHOP Director 1.00 0.00 X 0 0 0 GREGORY BARRON 2ND VICE PRES 1.00 0.00 X X 0 0 0 JOHN DICKERT Director 1.00 0.00 X 0 0 0 DR DEBORAH FORD Director 1.00 0.00 X 0 0 0 SUSAN BOLAND Director 1.00 0.00 X 0 0 0 BOB BRADLEY Director 1.00 0.00 X 0 0 0 MARK LEWIS Chairman 1.00 0.00 X X 0 0 0 JOHN CRIMMINGS Director 1.00 0.00 X 0 0 0 TERRY MCMAHON Director 1.00 0.00 X 0 0 0 ELAINE SUTTON EKES Director 1.00 0.00 X 0 0 0 ROBERT MILLER Director 1.00 0.00 X 0 0 0 TOM ROANHOUSE Director 1.00 0.00 X 0 0 0 JOHN HEWITT Director 1.00 0.00 X 0 0 0 MICHAEL MCNEIL Director 1.00 0.00 X 0 0 0 JENNY TRICK Executive Dir. 40.00 0.00 X 115154 0 0 LISA JUST Director 1.00 0.00 X 0 0 0 RUSSELL CLARK Director 1.00 0.00 X 0 0 0 JOHNATHON DELAGRAVE Director 1.00 0.00 X 0 0 0 AMANDA FALVEY Director 1.00 0.00 X 0 0 0 DR ERIC GALLIEN Director 1.00 0.00 X 0 0 0 DENNIS HEGLAND Director 1.00 0.00 X 0 0 0 SCOTT HUEDEPOHL Director 1.00 0.00 X 0 0 0 IAN LANG Director 1.00 0.00 X 0 0 0 JIM MCPHAUL Treasurer 1.00 0.00 X X 0 0 0 TOM MAHONEY Secretary 1.00 0.00 X X 0 0 0 JEFF MOLINSKI Director 1.00 0.00 X 0 0 0 LORETTA OLSON Director 1.00 0.00 X 0 0 0 115154 1 false false false 0 150910 1630047 1780957 INT-REVOLVING LOAN FUND 561000 83225 83225 JOBS FOR RACINE COUNTY 561000 233893 233893 REVOLVING LOAN FUND ADMIN 561000 113218 113218 SBA 504 SERVICES FEES 561000 156135 156135 WORKFORCE DEVELOPMENT 561000 236510 236510 70307 70307 893288 982 982 0 0 0 0 0 0 0 FORGIVENESS OF LOAN 525990 110429 110429 MISCELLANEOUS INCOME 525990 16196 16196 126625 2801852 1003717 17178 0 0 0 0 112158 93416 15710 3032 93416 93416 662644 638869 20105 3670 38194 36106 1759 329 0 59706 56453 2740 513 0 11501 11479 19 3 0 0 0 0 78422 67955 8662 1805 0 0 0 0 40303 30881 7937 1485 0 20356 17210 2650 496 0 503 386 99 18 0 5449 4175 1073 201 106543 64081 35766 6696 ROOTWORKS 141747 141747 WDC Expenses 36045 36045 JOBS for RACINE County 33351 33351 Manufacturing Grant Expense 26970 26970 49927 31946 15147 2834 1517235 1384486 111667 21082 3766232 498665 824357 3333491 90439 83634 1282904 0 0 7567675 8498555 0 9683 11850 64469 48081 21837 16388 0 0 0 217551 217551 387617 364689 12878586 14314532 150532 233653 414997 391606 5157868 5159048 5723397 5784307 X 6543968 8051057 611221 479168 7155189 8530225 12878586 14314532 1284617 X false true X true true true X 1472749 1723455 1928464 2039944 1780957 8945569 0 0 1472749 1723455 1928464 2039944 1780957 8945569 0 8945569 2313 1512 532 1144 982 6483 0 467917 1059402 895078 989817 1003717 4415931 13367983 1527319 0.66920 0.67740 X 64469 48081 16388 16388 FUNDS HELD IN TRUST 4606906 NOTES PAYABLE 552142 5159048 2802837 985 985 2801852 2801852 1518220 985 985 1517235 1517235 Mark Brault FORMER DIRECTOR 55276 Legal Services false Schedule L, Part V Supplemental Information The Organization conducted business for legal services with a firm in which a former Board member is a partner. Mark Brault was a Board Member through 2014. Client Note 1 Client Note 1 - Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Business Development- Conducts various business development programs as part of its Business Development Plan Division. These programs include business retention and expansion to identify and implement strategies to address the needs of existing businesses throughout Racine County. It also conducts business recruitment for companies that are seeking a location for business in Racine County. Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 is reviewed by the internal financial staff, Executive Director, and Executive Committee of the Board of Directors which is the governing committee of the RCEDC. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts All officers, directors, and key employees are required to report conflict of interest as they arise. Additionally,they must annually complete a conflict of interest form. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Executive Director's salary is reviewed annually by the Executive Committee and comparable wage figures are analyzed. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees There are two RCEDC non-voting officers that are also key employees who receive compensation and RCEDC has not identified any other key employees. However, the RCEDC President also reviews the salary changes of all RCEDC employees and a directive on changes in salary is signed and provided to the RCEDC Business Mananger who implements the salary changes. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The RCEDC provides copies of its Form 990 to the full board and the Form 990 and other documents are available at the RCEDC offices for inspection upon request.