RACINE COUNTY ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: RACINE COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 93-0846583)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-09
IRS object ID: 201341299349301364
Schema version: 2012v2.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-09T09:46:46-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Gordon J Maier & Company LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	845 Wisconsin Avenue	AddressLine1
City	Racine	City
State	WI	State
ZIP Code	53403	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	930846583	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	RACINE COUNTY ECONOMIC DEVELOPMENT	BusinessNameLine1
Business Name Line2	CORPORATION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	RACI	NameControl
Phone	2628987412	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2320 RENAISSANCE BLVD	AddressLine1
City	STURTEVANT	City
State	WI	State
ZIP Code	53177	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	GORDON KACALA	Name
Title	Executive Director	Title
Date Signed	2013-05-09	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JULIE CRAIG CPA	Name
PTIN	P01335456	PTIN
Phone	2626347108	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	2784369	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c3	X	Organization501c3
Web Site	WWW.RACINECOUNTYEDC.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1983	YearFormation
State Legal Domicile	WI	StateLegalDomicile
Activity Or Mission Description	To provide Economic Development services including business recruitment, expansion, business financing, community and workforce developement.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	28	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	28	NbrIndependentVotingMembers
Total Nbr Employees	28	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	1472749	ContributionsGrantsPriorYear
Contributions Grants Current Year	1723455	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	461529	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1056402	ProgramServiceRevenueCY
Investment Income Prior Year	2313	InvestmentIncomePriorYear
Investment Income Current Year	1512	InvestmentIncomeCurrentYear
Other Revenue Prior Year	6388	OtherRevenuePriorYear
Other Revenue Current Year	3000	OtherRevenueCurrentYear
Total Revenue Prior Year	1942979	TotalRevenuePriorYear
Total Revenue Current Year	2784369	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1094903	SalariesEtcPriorYear
Salaries Etc Current Year	1216096	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	5745	TotalFundrsngExpCurrentYear
Other Expense Prior Year	428989	OtherExpensePriorYear
Other Expenses Current Year	388974	OtherExpensesCurrentYear
Total Expenses Prior Year	1523892	TotalExpensesPriorYear
Total Expenses Current Year	1605070	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	419087	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	1179299	RevenuesLessExpensesCY
Total Assets BOY	5646055	TotalAssetsBOY
Total Assets EOY	9862919	TotalAssetsEOY
Total Liabilities BOY	2064880	TotalLiabilitiesBOY
Total Liabilities EOY	5102445	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	3581175	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	4760474	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	To provide Economic Development services including business recruitment, expansion, business financing, community and workforce developement.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	619035	Expense
Description	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.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	492108	Expense
Description	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.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	300492	Expense
Description	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.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	156179	TotalOfOtherProgramServiceExp
Total Program Service Expense	1567814	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	true	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	37	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	28	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Form990-T Filed	false	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Number Of8282 Filed	0	NumberOf8282Filed
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Filed Lieu1041	false	FiledLieu1041
Licensed More Than One State	false	LicensedMoreThanOneState
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	28	NbrVotingGoverningBodyMembers
Number Independent Voting Members	28	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	GORDON KACALA	NamePerson
Telephone Number	2628987412	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2320 RENAISSANCE BLVD	AddressLine1
City	STURTEVANT	City
State	WI	State
ZIP Code	53177	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (29 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
AHMAD QAWI
Director	1.00	0.00	X	0	0	0
MARK BRAULT
Director	1.00	0.00	X	0	0	0
JAMES LADWIG
Director	1.00	0.00	X	0	0	0
EUGENE SZYMZAK
Director	1.00	0.00	X	0	0	0
RON THOMAS
Director	1.00	0.00	X	0	0	0
TOM SHINNERS
President	1.00	0.00	X	0	0	0	X
MICHAEL BURNS
Director	1.00	0.00	X	0	0	0
FRANCISCO SANCHEZ
Director	1.00	0.00	X	0	0	0
CAROLYN MILKIE
Director	1.00	0.00	X	0	0	0
JEFF MCKEOWN
1st Vice-Pres	1.00	0.00	X	0	0	0	X
DAVE PERKINS
Director	1.00	0.00	X	0	0	0
TOM ROANHOUSE
Director	1.00	0.00	X	0	0	0
ROBERT MILLER
Director	1.00	0.00	X	0	0	0
TERRY MCMAHON
Director	1.00	0.00	X	0	0	0
DAVID MAY
Director	1.00	0.00	X	0	0	0
TIM MAJCEN
Director	1.00	0.00	X	0	0	0
MARK LEWIS
Director	1.00	0.00	X	0	0	0
DANIEL HORTON
Chairman	1.00	0.00	X	0	0	0	X
JON HENDERSEN
2nd Vice-Pres	1.00	0.00	X	0	0	0	X
PETER HANSEN
Director	1.00	0.00	X	0	0	0
MARK GELHAUS
Secretary	1.00	0.00	X	0	0	0	X
DR DEBORAH FORD
Director	1.00	0.00	X	0	0	0
JOHN DICKERT
Director	1.00	0.00	X	0	0	0
RON COUTTS
Director	1.00	0.00	X	0	0	0
OLA BAIYEWU
Director	1.00	0.00	X	0	0	0
JULIE ANDERSON
Director	1.00	0.00	X	0	0	0
BRYAN ALBRECHT
Treasurer	1.00	0.00	X	0	0	0	X
MIKE AIMONE
Director	1.00	0.00	X	0	0	0
GORDON KACALA
Executive Direc	40.00	0.00		129020	0	26534	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	129020	TotalReportableCompFromOrg
Total Other Compensation	26534	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Membership Dues	128238	MembershipDues
Government Grants	1595217	GovernmentGrants
Total Contributions	1723455	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
WORKFORCE DEVELOPMENT	561000	496135	496135
SBA 504 SERVICES FEES	561000	159662	159662
REVOLVING LOAN FUND ADMIN	561000	27304	27304
JOBS FOR RACINE COUNTY	561000	248839	248839
INT-REVOLVING LOAN FUND	561000	74214	74214

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	50248	TotalRevenueColumn
Related Or Exempt Function Income	50248	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	1056402	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1512	TotalRevenueColumn
Exclusion	$1,512	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS INCOME	Description
Business Code	525990	BusinessCode
Total Revenue Column	3000	TotalRevenueColumn
Exclusion	$3,000	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	3000	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	2784369	TotalRevenueColumn
Related Or Exempt Function Income	1056402	RelatedOrExemptFunctionIncome
Exclusion	$4,512	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	155554	Total
Program Services	145175	ProgramServices
Management And General	8779	ManagementAndGeneral
Fundraising	1600	Fundraising

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	888810	Total
Program Services	884310	ProgramServices
Management And General	3800	ManagementAndGeneral
Fundraising	700	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	40292	Total
Program Services	40242	ProgramServices
Management And General	50	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	54421	Total
Program Services	54396	ProgramServices
Management And General	25	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	77019	Total
Program Services	75747	ProgramServices
Management And General	1069	ManagementAndGeneral
Fundraising	203	Fundraising

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	219	Total
Program Services	198	ProgramServices
Management And General	18	ManagementAndGeneral
Fundraising	3	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	55557	Total
Program Services	51256	ProgramServices
Management And General	3638	ManagementAndGeneral
Fundraising	663	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	51426	Total
Program Services	46296	ProgramServices
Management And General	4339	ManagementAndGeneral
Fundraising	791	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	20559	Total
Program Services	19096	ProgramServices
Management And General	1238	ManagementAndGeneral
Fundraising	225	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	650	Total
Program Services	585	ProgramServices
Management And General	55	ManagementAndGeneral
Fundraising	10	Fundraising

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	9455	Total
Program Services	8512	ProgramServices
Management And General	798	ManagementAndGeneral
Fundraising	145	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	12517	Total
Program Services	11268	ProgramServices
Management And General	1056	ManagementAndGeneral
Fundraising	193	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
Training	27722	26121	1354	247
Manufacturing Renewal Grant	29473	29473
Minority Matching Grant	31486	31486
WDC Expenses	60314	60314

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	89596	Total
Program Services	83339	ProgramServices
Management And General	5292	ManagementAndGeneral
Fundraising	965	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1605070	Total
Program Services	1567814	ProgramServices
Management And General	31511	ManagementAndGeneral
Fundraising	5745	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	2234401	BOY
EOY	2937968	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	240994	BOY
EOY	485689	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	126375	BOY
EOY	86869	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	2467321	BOY
EOY	5794513	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	9074	BOY
EOY	9701	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	62543	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	43445	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	28553	BOY
EOY	19098	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	539337	BOY
EOY	529081	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	5646055	BOY
EOY	9862919	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	87065	BOY
EOY	82894	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	469056	BOY
EOY	451419	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1508759	BOY
EOY	4568132	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	2064880	BOY
EOY	5102445	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	3257925	BOY
EOY	4431894	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	323250	BOY
EOY	328580	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3581175	BOY
EOY	4760474	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5646055	BOY
EOY	9862919	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	1179299	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1033719	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1053647	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1015132	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1472749	CurrentTaxYearMinus1Year
Current Tax Year	1723455	CurrentTaxYear
Total	6298702	Total

Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170

Field	Value	IRS element (for citing)
Total	0	Total

Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt

Field	Value	IRS element (for citing)
Total	0	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1033719	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1053647	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1015132	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1472749	CurrentTaxYearMinus1Year
Current Tax Year	1723455	CurrentTaxYear
Total	6298702	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	0	AmountsSubstContributorsTotal
Public Support Total170	6298702	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	4587	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	4347	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2845	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2313	CurrentTaxYearMinus1Year
Current Tax Year	1512	CurrentTaxYear
Total	15604	Total

Net UBI NetUBI

Field	Value	IRS element (for citing)
Total	0	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	517364	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	346121	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	474057	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	467917	CurrentTaxYearMinus1Year
Current Tax Year	1059402	CurrentTaxYear
Total	2864861	Total

Field	Value	IRS element (for citing)
Total Support	9179167	TotalSupport
Gross Receipts From Admissions Etc	2864861	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.68620	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.73130	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	62543	OtherCostOrOtherBasis
Depreciation	43445	Depreciation
Book Value	19098	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	19098	TotalOfBookValueLandBuildings

Other Assets OtherAssets (4 entries)

DescriptionDescription	Book ValueBookValue
VOC Credits	80000
Promises to Give	12672
Prepaid Lease	353473
Investment in RDG	82936

Field	Value	IRS element (for citing)
Total Book Value Other Assets	529081	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	FUNDS HELD IN TRUST	Description
Amount	$4,568,132	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	4568132	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	2787074	TotRevenueEtcAuditedFinclStmt
Donated Srvc And Use Of Facilities	2705	DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F990	2705	RevenueNotRptdF990
Revenue Subtotal	2784369	RevenueSubtotal
Total Revenue Per Form990	2784369	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1607775	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	2705	DonatedServicesUseOfFacilities
Expenses Not Rptd F990	2705	ExpensesNotRptdF990
Expenses Subtotal	1605070	ExpensesSubtotal
Total Expenses Per Form990	1605070	TotalExpensesPerForm990

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Form990 Of Other Organizations	X	Form990OfOtherOrganizations
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException
Rebuttable Presumption Procedure	false	RebuttablePresumptionProcedure

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	GORDON KACALA	NamePerson
Title	Executive Direc	Title
Base Compensation Filing Org	129020	BaseCompensationFilingOrg
Nontaxable Benefits Filing Org	26534	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	155554	TotalCompensationFilingOrg

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	Mark Brault	NamePerson

Field	Value	IRS element (for citing)
Relationship	DIRECTOR	Relationship
Amount Of Transaction	15209	AmountOfTransaction
Description Of Transaction	Legal Services	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV

Field	Value	IRS element (for citing)
Explanation	The Organization conducted business for legal services with a firm in which a Board member is a partner for the year ended December 31, 2012.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part VI, Line 19	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 VI, Line 15b	Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	There are no RCEDC officers who receive compensation and the 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 15a	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 12c	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 11b	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 III, Line 4d	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.
		Client Note 1 - THE 2011 BALANCE SHEET HAS BEEN RESTATED DUE TO A PRIOR PERIOD ADJUSTMENT. THE AUDITED FINANCIAL STATEMENTS CONTAIN THE FOLLOWING NOTE: THE ORGANIZATION HAD ENTERED INTO SEVERAL TRANSACTIONS THAT WERE DEEMED AGENCY TRANSACTIONS. THE ORGANIZATION HAD TREATED THE FUNDS RECEIVED AS REVENUE AND REPAYMENT OF THE FUNDS AS EXPENSES. A PRIOR-PERIOD ADJUSTMENT WAS DONE TO CORRECT THE TREATMENT OF THE AGENCY TRANSACTIONS. THE ORGANIZATION'S ADJUSTMENTS RESULTED IN THE NET ASSETS AT DECEMBER 31, 2011 BEING DECREASED BY $1,424,643.As part of this adjustment, line 25 of page 11 of the 990 was restated to show the ending balance as of December 31, 2011 for these agency transactions at $1,508,759.