RACINE COUNTY ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization: RACINE COUNTY ECONOMIC DEVELOPMENT CORPORATION (EIN 93-0846583)
Tax period: 2025-01-01 to 2025-12-31
Filed: 2026-05-11
IRS object ID: 202601319349300325
Schema version: 2025v4.1
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 I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-11T07:10:14-05:00	ReturnTs
Tax Period End	2025-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390919055	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RITZ HOLMAN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	330 E KILBOURN AVE SUITE 222	AddressLine1Txt
City	MILWAUKEE	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	53202	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2025-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	930846583	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RACINE COUNTY ECONOMIC DEVELOPMENT	BusinessNameLine1Txt
Business Name Line2	CORPORATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	RACI	BusinessNameControlTxt
Phone	2628987424	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2320 RENAISSANCE BLVD	AddressLine1Txt
City	STURTEVANT	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	53177	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	LANDON WIRTH	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	2628987424	PhoneNum
Signature	2026-05-11	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DIANA G LUTTMANN	PreparerPersonNm
PTIN	P01075770	PTIN
Phone	4142711451	PhoneNum
Preparation	2026-05-07	PreparationDt

Field	Value	IRS element (for citing)
Tax	2025	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	LANDON WIRTH	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2320 RENAISSANCE BLVD	AddressLine1Txt
City	STURTEVANT	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	53177	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,001,868	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.RACINECOUNTYEDC.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1983	FormationYr
Legal Domicile State	WI	LegalDomicileStateCd
Activity Or Mission	ECONOMIC DEVELOPMENT SERVICES INCLUDING BUSINESS RECRUITMENT, EXPANSION, AND FINANCING.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	15	TotalEmployeeCnt
Total Volunteers	59	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$981,540	PYContributionsGrantsAmt
CY Contributions Grants	$1,718,386	CYContributionsGrantsAmt
PY Program Service Revenue	$934,353	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,179,911	CYProgramServiceRevenueAmt
PY Investment Income	$107,242	PYInvestmentIncomeAmt
CY Investment Income	$103,571	CYInvestmentIncomeAmt
PY Other Revenue	$2,500	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$2,025,635	PYTotalRevenueAmt
CY Total Revenue	$3,001,868	CYTotalRevenueAmt
PY Grants And Similar Paid	$90,483	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$68,046	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,393,556	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,459,879	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$35,670	CYTotalFundraisingExpenseAmt
PY Other Expenses	$642,201	PYOtherExpensesAmt
CY Other Expenses	$1,110,898	CYOtherExpensesAmt
PY Total Expenses	$2,126,240	PYTotalExpensesAmt
CY Total Expenses	$2,638,823	CYTotalExpensesAmt
PY Revenues Less Expenses	-$100,605	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$363,045	CYRevenuesLessExpensesAmt
Total Assets BOY	$13,581,008	TotalAssetsBOYAmt
Total Assets EOY	$13,125,614	TotalAssetsEOYAmt
Total Liabilities BOY	$2,006,484	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,188,045	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$11,574,524	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$11,937,569	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE ECONOMIC DEVELOPMENT SERVICES INCLUDING BUSINESS RECRUITMENT, EXPANSION, BUSINESS FINANCING, COMMUNITY AND WORKFORCE DEVELOPMENT.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,703,852	ExpenseAmt
Grant	$67,460	GrantAmt
Revenue	$1,136,767	RevenueAmt
Desc	BUSINESS FINANCE: RCEDC MANAGES GOVERNMENT AND QUASI-GOVERNMENT BUSINESS FINANCING PROGRAMS THAT PROVIDE LOW-INTEREST LOANS TO RACINE COUNTY BUSINESSES. RCEDC IS A SMALL BUSINESS ADMINISTRATION (SBA) CERTIFIED DEVELOPMENT COMPANY, AND AS A RESULT, PROVIDES SBA 504 FIXED ASSET LOANS THROUGHOUT THE STATE OF WISCONSIN. RCEDC UTILIZES ITS RESOURCES TO MANAGE CERTAIN COMMUNITY-BASED REVOLVING LOAN FUNDS IN SOUTHEAST WISCONSIN.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$480,086	ExpenseAmt
Grant	$586	GrantAmt
Revenue	$43,144	RevenueAmt
Desc	BUSINESS DEVELOPMENT: RCEDC CONDUCTS BUSINESS DEVELOPMENT PROGRAMS AS PART OF ITS ECONOMIC DEVELOPMENT PLAN DIVISION. THESE PROGRAMS INCLUDE BUSINESS RETENTION AND EXPANSION AND TALENT ATTRACTION TO IDENTIFY AND IMPLEMENT STRATEGIES TO ADDRESS THE NEEDS OF EXISTING BUSINESSES THROUGHOUT RACINE COUNTY. RCEDC CONDUCTS BUSINESS RECRUITMENT FOR COMPANIES THAT ARE SEEKING A LOCATION FOR BUSINESS IN RACINE COUNTY.COMMUNITY DEVELOPMENT: RCEDC PROVIDES COMMUNITY DEVELOPMENT ASSISTANCE, SUCH AS BROWNFIELD AND GENERAL PROPERTY REDEVELOPMENT, DOWNTOWN AND COMMERCIAL CORRIDOR ASSISTANCE, CREATION AND EXPANSION OF BUSINESS PARKS, AND PROVISION OF SANITARY SEWER AND PUBLIC WATER TO AREAS THAT WILL ENABLE FUTURE BUSINESS DEVELOPMENT.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$2,183,938	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	18	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	15	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	WI	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JENNY TRICK	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2628987424	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2320 RENAISSANCE BLVD	AddressLine1Txt
City	STURTEVANT	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	53177	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
DAVID GRIFFITH
CHAIRMAN	1.00	Yes (X)	Yes (X)	$0	$0	$0
WESLEY RICCHIO
PRESIDENT	1.00	Yes (X)	Yes (X)	$0	$0	$0
LANDON WIRTH
1ST VP	1.00	Yes (X)	Yes (X)	$0	$0	$0
THOMAS MOORE
2ND VP	1.00	Yes (X)	Yes (X)	$0	$0	$0
BRIAN AGEN
3RD VP	1.00	Yes (X)	Yes (X)	$0	$0	$0
MARCHELLE GONZALES
4TH VP	1.00	Yes (X)	Yes (X)	$0	$0	$0
JEFF GRUHN
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
SHERONDA GLASS
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
RALPH MALICKI
DIRECTOR	1.00	Yes (X)		$0	$0	$0
CORY MASON
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JENNY TRICK
EXECUTIVE DIRECTOR	40.00		Yes (X)	$202,416	$0	$29,506
LAURA MILLION
EMPLOYEE	40.00			$125,684	$0	$6,284	Yes (X)
WESLEY WALSH
EMPLOYEE	40.00			$129,291	$0	$13,516	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$457,391	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$49,306	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	3	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Membership Dues	$148,795	MembershipDuesAmt
Government Grants	$1,507,562	GovernmentGrantsAmt
All Other Contributions	$62,029	AllOtherContributionsAmt
Total Contributions	$1,718,386	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SBA SERVICE FEES	522291	$782,368	$782,368
REVOLVING LOAN ADMIN	522291	$302,348	$302,348
REVOLVING LOAN PREP	522291	$41,727	$41,727
CEO ROUNDTABLE	611430	$35,983	$35,983
MGT FEES REAL RACINE	611430	$10,324	$10,324

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,161	TotalRevenueColumnAmt
Related Or Exempt Func Income	$7,161	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,179,911	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$103,571	TotalRevenueColumnAmt
Exclusion	$103,571	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,001,868	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,179,911	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$103,571	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$68,046	TotalAmt
Program Services	$68,046	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$231,922	TotalAmt
Program Services	$199,608	ProgramServicesAmt
Management And General	$31,339	ManagementAndGeneralAmt
Fundraising	$975	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$987,845	TotalAmt
Program Services	$850,498	ProgramServicesAmt
Management And General	$133,181	ManagementAndGeneralAmt
Fundraising	$4,166	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$48,266	TotalAmt
Program Services	$41,078	ProgramServicesAmt
Management And General	$6,981	ManagementAndGeneralAmt
Fundraising	$207	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$99,368	TotalAmt
Program Services	$85,767	ProgramServicesAmt
Management And General	$13,210	ManagementAndGeneralAmt
Fundraising	$391	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$92,478	TotalAmt
Program Services	$79,353	ProgramServicesAmt
Management And General	$12,746	ManagementAndGeneralAmt
Fundraising	$379	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$765	TotalAmt
Program Services	$75	ProgramServicesAmt
Management And General	$690	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$122,188	TotalAmt
Management And General	$122,188	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$87,411	TotalAmt
Program Services	$62,369	ProgramServicesAmt
Management And General	$25,042	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$7,477	TotalAmt
Program Services	$6,499	ProgramServicesAmt
Management And General	$978	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$23,058	TotalAmt
Program Services	$10,057	ProgramServicesAmt
Management And General	$13,001	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$41,019	TotalAmt
Program Services	$36,788	ProgramServicesAmt
Management And General	$4,231	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$26,435	TotalAmt
Program Services	$2,263	ProgramServicesAmt
Management And General	$24,172	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$31,311	TotalAmt
Program Services	$22,670	ProgramServicesAmt
Management And General	$8,641	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$29,552	TotalAmt
Fundraising	$29,552	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$6,457	TotalAmt
Program Services	$2,869	ProgramServicesAmt
Management And General	$3,588	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$29,931	TotalAmt
Program Services	$21,242	ProgramServicesAmt
Management And General	$8,689	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
LOAN LOSS RESERVE	$645,160	$645,160
WORKSHOPS AND SEMINARS	$33,391	$25,082	$8,309
DUES AND SUBSCRIPTIONS	$13,772	$13,411	$361
STAFF TRAINING AND DEVE	$11,074	$9,256	$1,818

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,897	TotalAmt
Program Services	$1,847	ProgramServicesAmt
Management And General	$50	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,638,823	TotalAmt
Program Services	$2,183,938	ProgramServicesAmt
Management And General	$419,215	ManagementAndGeneralAmt
Fundraising	$35,670	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$5,353,748	BOYAmt
EOY	$4,744,423	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$1,038,011	BOYAmt
EOY	$1,085,101	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$69,812	BOYAmt
EOY	$139,005	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$6,751,642	BOYAmt
EOY	$6,824,640	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$40,234	BOYAmt
EOY	$35,160	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$76,209	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$69,124	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$10,289	BOYAmt
EOY	$7,085	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$217,551	BOYAmt
EOY	$217,551	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$99,721	BOYAmt
EOY	$72,649	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$13,581,008	BOYAmt
EOY	$13,125,614	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$281,278	BOYAmt
EOY	$216,326	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,725,206	BOYAmt
EOY	$971,719	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,006,484	BOYAmt
EOY	$1,188,045	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$11,525,663	BOYAmt
EOY	$11,875,332	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$48,861	BOYAmt
EOY	$62,237	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$11,574,524	BOYAmt
EOY	$11,937,569	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$13,581,008	BOYAmt
EOY	$13,125,614	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$363,045	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,526,729	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,390,464	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,523,154	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$981,540	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,718,386	CurrentTaxYearAmt
Total	$10,140,273	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,526,729	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,390,464	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,523,154	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$981,540	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,718,386	CurrentTaxYearAmt
Total	$10,140,273	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$10,140,273	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$815	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$15,561	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$82,539	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$108,431	CurrentTaxYearMinus1YearAmt
Current Tax Year	$103,571	CurrentTaxYearAmt
Total	$310,917	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$7,810	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$22,099	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,929	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,500	CurrentTaxYearMinus1YearAmt
Total	$40,338	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$10,491,528	TotalSupportAmt
Gross Receipts Rltd Activities	$4,880,194	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.96650	PublicSupportCY170Pct
Public Support PY170	0.97280	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

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

Contributor US Address ContributorUSAddress

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)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$76,209	OtherCostOrOtherBasisAmt
Depreciation	$69,124	DepreciationAmt
Book Value	$7,085	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$7,085	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
UNDISBURSED LOAN FUND CAPITAL	$955,827
OPERATING LEASE-LONG-TERM	$15,892

Field	Value	IRS element (for citing)
Total Liability	$971,719	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$3,001,868	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$3,001,868	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$3,001,868	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,638,823	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$2,638,823	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,638,823	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2025, THE ORGANIZATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd
Total501c3 Org	0	Total501c3OrgCnt
Total Other Org	7	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	EACH GRANT PROGRAM IS GOVERNED BY PROCEDURES APPROVED BY THE FUNDING AGENCY. RCEDC CREATES MARKETING MATERIALS INCLUDING AN APPLICATION FOR INTERESTED PARTIES TO APPLY FOR THE GRANT DOLLARS. COMPLETED APPLICATIONS ARE RECEIVED BY STAFF AND PRESENTED TO THE LOAN ADVISORY COMMITTEE FOR ACTION. UPON APPROVAL, STAFF PROVIDES A GRANT AWARD LETTER ALLOWING THE RECIPIENT TO EXPEND FUNDS. THE APPLICANT IS RESPONSIBLE TO SUPPLY RECEIPTS THAT ALIGN WITH THE APPROVED APPLICATION. RCEDC STAFF THEN REIMBURSE THE APPLICANT FOR THE APPROVED EXPENSES INCURRED.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	Yes (1)	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (1)	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	JENNY TRICK	PersonNm
Title	EXECUTIVE DIRECTOR	TitleTxt
Base Compensation Filing Org	$196,190	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$6,226	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$10,311	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$19,195	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$231,922	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 6	THE BONUS PROVIDED WAS CONTINGENT ON SURPLUS ABOVE BUDGET.
PART I, LINE 7	BONUSES WERE PROVIDED BASED ON MERIT AND CONDITIONAL ON SURPLUS ABOVE BUDGET.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS REVIEWED BY AN OUTSIDE ACCOUNTANT, EXECUTIVE DIRECTOR, AND THE BOARD OF DIRECTORS WHICH IS THE GOVERNING BODY OF RCEDC.
FORM 990, PART VI, SECTION B, LINE 12C	ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO REPORT CONFLICTS OF INTEREST AS THEY ARISE. ADDITIONALLY, THEY MUST ANNUALLY COMPLETE A CONFLICT OF INTEREST FORM.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD OF DIRECTORS ADOPTED A COMPENSATION POLICY FOR THE EXECUTIVE DIRECTOR AND STAFF THAT INCLUDES THE ENGAGEMENT OF A THIRD-PARTY CONSULTANT TO REVIEW SALARIES AND MARKET CONDITIONS. THE BOARD DIRECTS THE EXECUTIVE DIRECTOR TO INCORPORATE THE SALARY RECOMMENDATIONS WITHIN THE NEXT YEAR'S BUDGET. ONCE THE BUDGET IS ADOPTED BY THE BOARD, THE EXECUTIVE DIRECTOR PREPARES AND SIGNS INDIVIDUAL MEMOS FOR EACH STAFF INDICATING ANY SALARY CHANGES. THE EXECUTIVE DIRECTOR ALSO PREPARES A SIMILAR MEMO FOR THE EXECUTIVE DIRECTOR, WHICH IS REVIEWED AND SIGNED BY THE BOARD PRESIDENT. THE EXECUTIVE DIRECTOR ALSO SENDS REQUIRED PAPERWORK TO ITS PAYROLL COMPANY TO MAKE THE APPROVED CHANGES.
FORM 990, PART VI, SECTION C, LINE 19	THE 990 AND OTHER DOCUMENTS ARE AVAILABLE AT THE RCEDC OFFICES FOR INSPECTION UPON REQUEST.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	SE WI INVESTMENT LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2320 RENAISSANCE BLVD	AddressLine1Txt
City	STURTEVANT	CityNm
State Abbreviation	WI	StateAbbreviationCd
ZIP	53177	ZIPCd

Field	Value	IRS element (for citing)
Primary Activities	REAL ESTATE ENTITY FOR PRIVATE DEVELOPMENT PROJECTS	PrimaryActivitiesTxt
Legal Domicile State	WI	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	RACINE COUNTY ECONCOMIC DEVELOPMENT CORPORATION	BusinessNameLine1Txt