RACINE COUNTY ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: RACINE COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 93-0846583)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-08-04
IRS object ID: 201142169349300504
Schema version: 2010v3.2
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 D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-08-04T06:25:19-07:00	Timestamp
Tax Period End Date	2010-12-31	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	2010-01-01	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	2628987400	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	2011-08-04	DateSigned

Preparer Preparer

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

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	GORDON KACALA	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

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

Field	Value	IRS element (for citing)
Gross Receipts	1492034	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 by assisting start-up organizations and existing organizations in obtaining financing, to attract new industries to the area and to retain existing businesses.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	26	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	26	NbrIndependentVotingMembers
Total Nbr Employees	19	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	1053647	ContributionsGrantsPriorYear
Contributions Grants Current Year	1015132	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	257158	ProgramServiceRevenuePriorYear
Program Service Revenue CY	462873	ProgramServiceRevenueCY
Investment Income Prior Year	4347	InvestmentIncomePriorYear
Investment Income Current Year	2845	InvestmentIncomeCurrentYear
Other Revenue Prior Year	113771	OtherRevenuePriorYear
Other Revenue Current Year	11184	OtherRevenueCurrentYear
Total Revenue Prior Year	1428923	TotalRevenuePriorYear
Total Revenue Current Year	1492034	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	867286	SalariesEtcPriorYear
Salaries Etc Current Year	912213	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	3951	TotalFundrsngExpCurrentYear
Other Expense Prior Year	698016	OtherExpensePriorYear
Other Expenses Current Year	675634	OtherExpensesCurrentYear
Total Expenses Prior Year	1565302	TotalExpensesPriorYear
Total Expenses Current Year	1587847	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-136379	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-95813	RevenuesLessExpensesCY
Total Assets BOY	5365297	TotalAssetsBOY
Total Assets EOY	5235595	TotalAssetsEOY
Total Liabilities BOY	580142	TotalLiabilitiesBOY
Total Liabilities EOY	564748	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	4785155	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	4670847	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	To provide Economic Development services by assisting start-up organizations and existing organizations in obtaining financing, to attract new industries to the area and to retain existing businesses.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	604816	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

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	404894	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	334343	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

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	201374	TotalOfOtherProgramServiceExp
Total Program Service Expense	1545427	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	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	false	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	false	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	26	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	19	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
Form8886 T Filed	false	Form8886TFiled
Non Deductible Contributions	false	NonDeductibleContributions
Non Deductible Disclosure	false	NonDeductibleDisclosure
Quid Pro Quo Contributions	false	QuidProQuoContributions
Quid Pro Quo Disclosure	false	QuidProQuoDisclosure
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
Form720 Filed	false	Form720Filed
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	26	NbrVotingGoverningBodyMembers
Number Independent Voting Members	26	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
Policies Reference Chapters	false	PoliciesReferenceChapters
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	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Written Policy Or Procedure	false	WrittenPolicyOrProcedure
States Where Copy Of Return Is Filed	WI	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	GORDON KACALA	NamePerson
Telephone Number	2628987400	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	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
WILLIAM MCREYNOLDS
Director	1.00	X	0	0	0
TOM SHINNERS
2ND VICE-PRESID	1.00	X	0	0	0	X
STEVEN C BELL
Director	1.00	X	0	0	0
SCOTT SHARP
President	1.00	X	0	0	0
RON COUTTS
Director	1.00	X	0	0	0
ROBERT MILLER
Director	1.00	X	0	0	0
PETER HANSEN
Director	1.00	X	0	0	0
OLA BAIYEWU
Director	1.00	X	0	0	0
MIKE AIMONE
Director	1.00	X	0	0	0
MARK WYZGOWSKI
Director	1.00		0	0	0
JULIE ANDERSON
Director	1.00	X	0	0	0	X
JON HENDERSEN
1ST VICE-PRESID	1.00	X	0	0	0	X
JOHN DICKERT
Director	1.00	X	0	0	0	X
JEFF MCKEOWN
Secretary	1.00	X	0	0	0	X
JAMES E MOYER
Director	1.00	X	0	0	0
JAMES BEERE
Director	1.00	X	0	0	0
GORDON KACALA
Executive Direc	40.00	X	125892	0	25099	X
GARY SCHILDT
Director	1.00		0	0	0
FRANCISCO SANCHEZ
Director	1.00	X	0	0	0
EDWARD F LONERGAN
Director	1.00	X	0	0	0
DR JAMES SHAW
Director	1.00	X	0	0	0
DAVID M RICHMOND
Director	1.00	X	0	0	0
DAVE PERKINS
Director	1.00	X	0	0	0
DANIEL HORTON
President	1.00	X	0	0	0	X
DAN PETTIT
Chairman	1.00	X	0	0	0	X
CAROLYN MILKIE
Director	1.00	X	0	0	0
BRYAN ALBRECHT
Treasurer	1.00	X	0	0	0	X
BRIAN FRENCH
Director	1.00	X	0	0	0
AHMAD QAWI
Director	1.00	X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	125892	TotalReportableCompFromOrg
Total Other Compensation	25099	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	119265	MembershipDues
Government Grants	895867	GovernmentGrants
Total Contributions	1015132	TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
SBA 504 SERVICES FEES	561000	209657	209657
REVOLVING LOAN FUND ADMIN	561000	25370	25370
PROGRAM ADMIN RDG	561000	21596	21596
INT-REVOLVING LOAN FUND	561000	104579	104579
CONTRACT SERVICES	561000	92232	92232

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	9439	TotalRevenueColumn
Related Or Exempt Function Income	9439	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	462873	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2845	TotalRevenueColumn
Exclusion	$2,845	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

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	4125	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	4125	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	4125	TotalRevenueColumn
Related Or Exempt Function Income	4125	RelatedOrExemptFunctionIncome

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	REIMB OF PROGRAM EXPENSE	Description
Business Code	525990	BusinessCode
Total Revenue Column	7059	TotalRevenueColumn
Exclusion	$7,059	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	7059	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1492034	TotalRevenueColumn
Related Or Exempt Function Income	466998	RelatedOrExemptFunctionIncome
Exclusion	$9,904	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	150991	Total
Program Services	148031	ProgramServices
Management And General	2684	ManagementAndGeneral
Fundraising	276	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	668401	Total
Program Services	655297	ProgramServices
Management And General	11884	ManagementAndGeneral
Fundraising	1220	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	32752	Total
Program Services	32110	ProgramServices
Management And General	582	ManagementAndGeneral
Fundraising	60	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	0	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	60069	Total
Program Services	58892	ProgramServices
Management And General	1068	ManagementAndGeneral
Fundraising	109	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	1464	Total
Program Services	1286	ProgramServices
Management And General	161	ManagementAndGeneral
Fundraising	17	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	52084	Total
Program Services	48786	ProgramServices
Management And General	2991	ManagementAndGeneral
Fundraising	307	Fundraising

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	11270	Total
Program Services	9902	ProgramServices
Management And General	1241	ManagementAndGeneral
Fundraising	127	Fundraising

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	53321	Total
Program Services	46846	ProgramServices
Management And General	5872	ManagementAndGeneral
Fundraising	603	Fundraising

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	17976	Total
Program Services	15793	ProgramServices
Management And General	1980	ManagementAndGeneral
Fundraising	203	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	736	Total
Program Services	647	ProgramServices
Management And General	81	ManagementAndGeneral
Fundraising	8	Fundraising

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	6734	Total
Program Services	5915	ProgramServices
Management And General	742	ManagementAndGeneral
Fundraising	77	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	72435	Total
Program Services	70171	ProgramServices
Management And General	2052	ManagementAndGeneral
Fundraising	212	Fundraising

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
WDC Expenses	52142	52142
Minority Grant Expense	21952	21952
DRIVE Program	20781	20781
Business Lending Partner Expen	71010	71010
BAD DEBTS	200028	200028

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	93701	Total
Program Services	85838	ProgramServices
Management And General	7131	ManagementAndGeneral
Fundraising	732	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1587847	Total
Program Services	1545427	ProgramServices
Management And General	38469	ManagementAndGeneral
Fundraising	3951	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	39	BOY
EOY	39	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1579521	BOY
EOY	1763521	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	248971	BOY
EOY	235957	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	4634	BOY
EOY	5884	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	2915236	BOY
EOY	2637625	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	8765	BOY
EOY	9611	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	62554	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	41861	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	5873	BOY
EOY	20693	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	602258	BOY
EOY	562265	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	5365297	BOY
EOY	5235595	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	94829	BOY
EOY	79034	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	485313	BOY
EOY	485714	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	580142	BOY
EOY	564748	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	500232	BOY
EOY	4586304	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	36520	BOY
EOY	84543	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4248403	BOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4785155	BOY
EOY	4670847	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5365297	BOY
EOY	5235595	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-95813	ReconcilationRevenueExpenses
Reconcilation Other Changes	-18495	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
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	1218963	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1077190	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1033719	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1053647	CurrentTaxYearMinus1Year
Current Tax Year	1015132	CurrentTaxYear
Total	5398651	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	1218963	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1077190	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1033719	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1053647	CurrentTaxYearMinus1Year
Current Tax Year	1015132	CurrentTaxYear
Total	5398651	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	0	AmountsSubstContributorsTotal
Public Support Total170	5398651	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	5987	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	17671	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	4587	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	4347	CurrentTaxYearMinus1Year
Current Tax Year	2845	CurrentTaxYear
Total	35437	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	249447	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	240004	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	517364	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	346121	CurrentTaxYearMinus1Year
Current Tax Year	474057	CurrentTaxYear
Total	1826993	Total

Field	Value	IRS element (for citing)
Total Support	7261081	TotalSupport
Gross Receipts From Admissions Etc	1826993	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.74350	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.75980	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	62554	OtherCostOrOtherBasis
Depreciation	41861	Depreciation
Book Value	20693	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	20693	TotalOfBookValueLandBuildings

Other Assets OtherAssets (3 entries)

DescriptionDescription	Book ValueBookValue
VOC Credits	80000
Prepaid Lease	399329
Investment in RDG	82936

Field	Value	IRS element (for citing)
Total Book Value Other Assets	562265	TotalBookValueOtherAssets
Total Revenue	1492034	TotalRevenue
Total Expenses	1587847	TotalExpenses
Excess Or Deficit For Year	-95813	ExcessOrDeficitForYear
Prior Period Adjustments	-18495	PriorPeriodAdjustments
Total Adjustments	-18495	TotalAdjustments
Excess Or Deficit Per FS	-114308	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	1492034	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	1492034	RevenueSubtotal
Total Revenue Per Form990	1492034	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1587847	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	1587847	ExpensesSubtotal
Total Expenses Per Form990	1587847	TotalExpensesPerForm990

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
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
Base Compensation Filing Org	125892	BaseCompensationFilingOrg
Nontaxable Benefits Filing Org	25099	NontaxableBenefitsFilingOrg
Total Compensation Filing Org	150991	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 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 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.
Form 990, Part VI, Line 11	Form 990, Part VI, Line 11: 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.