2015-05-14T11:33:03-07:00 2014-12-31 Gordon J Maier & Company LLP 845 Wisconsin Avenue Racine WI 53403 990 2014-01-01 930846583 RACINE COUNTY ECONOMIC DEVELOPMENT CORPORATION RACI 2628987412 2320 RENAISSANCE BLVD STURTEVANT WI 53177 JENNY TRICK Executive Director 2015-05-14 true JULIE CRAIG CPA P01335456 2626347108 2014 2016-02-25 16:41:14Z 3057412 false false X WWW.RACINECOUNTYEDC.ORG X 1983 WI To provide Economic Development services including business recruitment, expansion, business financing, community and workforce developement. 30 28 20 0 1928464 2039944 895078 879388 -10582 1144 15000 136936 2827960 3057412 0 0 1143222 1083093 0 7770 544587 719755 1687809 1802848 1140151 1254564 11896440 12878586 5995815 5723397 5900625 7155189 X To provide Economic Development services including business recruitment, expansion, business financing, community and workforce developement. false false 719334 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. 413995 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. 410490 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. 209010 1752829 true true 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 false false true false false false false false false false false false false true 25 0 false 20 true false false false false false false false false 0 false false false false false false false false false false X 30 28 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 GORDON KACALA Executive Dir. 40.00 0.00 X 77825 0 14523 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 Secretary 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 PETER HANSEN Director 1.00 0.00 X 0 0 0 FRANK BAILEY 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 TIM MAJCEN Director 1.00 0.00 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 OLA BAIYEWU 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 109233 0 15702 LISA JUST Director 1.00 0.00 X 0 0 0 JOHN HENDERSEN 1st Vice-Presid 1.00 0.00 X X 0 0 0 FRANCISCO SANCHEZ 2nd-Vice Pres 1.00 0.00 X X 0 0 0 JAMES LADWIG Director 1.00 0.00 X 0 0 0 RON THOMAS Director 1.00 0.00 X 0 0 0 MARK BRAULT Treasurer 1.00 0.00 X X 0 0 0 187058 30225 1 false false false 0 136955 1902989 2039944 INT-REVOLVING LOAN FUND 561000 85503 85503 JOBS FOR RACINE COUNTY 561000 244423 244423 REVOLVING LOAN FUND ADMIN 561000 40604 40604 SBA 504 SERVICES FEES 561000 159341 159341 WORKFORCE DEVELOPMENT 561000 314091 314091 35426 35426 879388 1144 1144 0 0 0 0 0 0 0 FORGIVENESS OF LOAN 525990 110429 110429 MISCELLANEOUS INCOME 525990 26507 26507 136936 3057412 989817 27651 X 0 0 0 0 187058 157395 25519 4144 0 690004 690004 46992 46992 90583 90583 68456 68456 0 17579 17560 16 3 0 0 0 0 96040 95084 40 916 0 0 0 0 45463 40738 4065 660 0 22612 21934 583 95 0 555 491 55 9 0 11869 10509 1170 190 17417 15423 1716 278 ROOTWORKS 179262 179262 UPTOWN 46578 46578 Minority Matching Grant 35122 35122 BAD DEBTS 33588 33588 213670 203110 9085 1475 1802848 1752829 42249 7770 3489672 3766232 266016 824357 0 176119 83634 0 0 7288663 7567675 0 14168 9683 64469 42632 33706 21837 0 0 0 217551 217551 410545 387617 11896440 12878586 154127 150532 437378 414997 5404310 5157868 5995815 5723397 X 5548293 6543968 352332 611221 5900625 7155189 11896440 12878586 1254564 X false true X true true true X 1015132 1472749 1723455 1928464 2039944 8179744 0 0 1015132 1472749 1723455 1928464 2039944 8179744 0 8179744 2845 2313 1512 532 1144 8346 0 474057 467917 1059402 895078 989817 3886271 12074361 2001376 0.67740 0.68850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64469 42632 21837 21837 FUNDS HELD IN TRUST 4495297 NOTES PAYABLE 662571 5157868 3057412 3057412 3057412 1802848 1802848 1802848 Mark Brault DIRECTOR 10415 Legal Services false Schedule L, Part V Supplemental Information The Organization conducted business for legal services with a firm in which a Board member is a partner for the year ended December 31, 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. Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Annual Meeting: Column (A) - Total = $18868; Column (B) - Program Services = $16707; Column (C) - Management & General = $1859; Column (D) - Fundraising = $302 Form 990, Part IX, Line 24e: Other Expenses Board Meeting: Column (A) - Total = $938; Column (B) - Program Services = $831; Column (C) - Management & General = $92; Column (D) - Fundraising = $15 Form 990, Part IX, Line 24e: Other Expenses Business Lending Partner Expen: Column (A) - Total = $7723; Column (B) - Program Services = $7723; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses CONTRACT SERVICES: Column (A) - Total = $3887; Column (B) - Program Services = $3442; Column (C) - Management & General = $383; Column (D) - Fundraising = $62 Form 990, Part IX, Line 24e: Other Expenses DUES & SUBSCRIPTIONS: Column (A) - Total = $4330; Column (B) - Program Services = $3834; Column (C) - Management & General = $427; Column (D) - Fundraising = $69 Form 990, Part IX, Line 24e: Other Expenses JOBS for RACINE County: Column (A) - Total = $26256; Column (B) - Program Services = $26256; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses LAUNCH bOX: Column (A) - Total = $2525; Column (B) - Program Services = $2525; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses LOAN PROCESSING FEES: Column (A) - Total = $3190; Column (B) - Program Services = $3190; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Manufacturing Grant Expense: Column (A) - Total = $29608; Column (B) - Program Services = $29608; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses MARKETING: Column (A) - Total = $14820; Column (B) - Program Services = $14820; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses OFFICE EQUIP & REPAIRS: Column (A) - Total = $10343; Column (B) - Program Services = $9158; Column (C) - Management & General = $1019; Column (D) - Fundraising = $166 Form 990, Part IX, Line 24e: Other Expenses OFFICE EXPENSE: Column (A) - Total = $12785; Column (B) - Program Services = $10494; Column (C) - Management & General = $1972; Column (D) - Fundraising = $319 Form 990, Part IX, Line 24e: Other Expenses Postage and Shipping: Column (A) - Total = $2256; Column (B) - Program Services = $1998; Column (C) - Management & General = $222; Column (D) - Fundraising = $36 Form 990, Part IX, Line 24e: Other Expenses Printing and Publications: Column (A) - Total = $3809; Column (B) - Program Services = $3373; Column (C) - Management & General = $375; Column (D) - Fundraising = $61 Form 990, Part IX, Line 24e: Other Expenses TELEPHONE: Column (A) - Total = $24284; Column (B) - Program Services = $22123; Column (C) - Management & General = $1859; Column (D) - Fundraising = $302 Form 990, Part IX, Line 24e: Other Expenses Training: Column (A) - Total = $19922; Column (B) - Program Services = $18902; Column (C) - Management & General = $877; Column (D) - Fundraising = $143 Form 990, Part IX, Line 24e: Other Expenses WDC Expenses: Column (A) - Total = $28126; Column (B) - Program Services = $28126; Column (C) - Management & General = $0; Column (D) - Fundraising = $0