2026-05-11T07:10:14-05:00 2025-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 222 MILWAUKEE WI 53202 990 2025-01-01 930846583 RACINE COUNTY ECONOMIC DEVELOPMENT CORPORATION RACI 2628987424 2320 RENAISSANCE BLVD STURTEVANT WI 53177 LANDON WIRTH PRESIDENT 2628987424 2026-05-11 1 DIANA G LUTTMANN P01075770 4142711451 2026-05-07 2025 2025-03-06 01:10:19Z LANDON WIRTH 2320 RENAISSANCE BLVD STURTEVANT WI 53177 3001868 0 X WWW.RACINECOUNTYEDC.ORG X 1983 WI ECONOMIC DEVELOPMENT SERVICES INCLUDING BUSINESS RECRUITMENT, EXPANSION, AND FINANCING. 10 10 15 59 0 0 981540 1718386 934353 1179911 107242 103571 2500 0 2025635 3001868 90483 68046 0 0 1393556 1459879 0 0 35670 642201 1110898 2126240 2638823 -100605 363045 13581008 13125614 2006484 1188045 11574524 11937569 TO PROVIDE ECONOMIC DEVELOPMENT SERVICES INCLUDING BUSINESS RECRUITMENT, EXPANSION, BUSINESS FINANCING, COMMUNITY AND WORKFORCE DEVELOPMENT. 0 0 1703852 67460 1136767 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. 480086 586 43144 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. 2183938 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 18 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 WI X JENNY TRICK 2628987424 2320 RENAISSANCE BLVD STURTEVANT WI 53177 DAVID GRIFFITH CHAIRMAN 1.00 X X 0 0 0 WESLEY RICCHIO PRESIDENT 1.00 X X 0 0 0 LANDON WIRTH 1ST VP 1.00 X X 0 0 0 THOMAS MOORE 2ND VP 1.00 X X 0 0 0 BRIAN AGEN 3RD VP 1.00 X X 0 0 0 MARCHELLE GONZALES 4TH VP 1.00 X X 0 0 0 JEFF GRUHN SECRETARY 1.00 X X 0 0 0 SHERONDA GLASS TREASURER 1.00 X X 0 0 0 RALPH MALICKI DIRECTOR 1.00 X 0 0 0 CORY MASON DIRECTOR 1.00 X 0 0 0 JENNY TRICK EXECUTIVE DIRECTOR 40.00 X 202416 0 29506 LAURA MILLION EMPLOYEE 40.00 X 125684 0 6284 WESLEY WALSH EMPLOYEE 40.00 X 129291 0 13516 457391 0 49306 3 0 1 0 0 148795 1507562 62029 1718386 SBA SERVICE FEES 522291 782368 782368 REVOLVING LOAN ADMIN 522291 302348 302348 REVOLVING LOAN PREP 522291 41727 41727 CEO ROUNDTABLE 611430 35983 35983 MGT FEES REAL RACINE 611430 10324 10324 7161 7161 1179911 103571 103571 3001868 1179911 0 103571 68046 68046 231922 199608 31339 975 987845 850498 133181 4166 48266 41078 6981 207 99368 85767 13210 391 92478 79353 12746 379 765 75 690 122188 122188 87411 62369 25042 7477 6499 978 23058 10057 13001 41019 36788 4231 26435 2263 24172 31311 22670 8641 29552 29552 6457 2869 3588 29931 21242 8689 LOAN LOSS RESERVE 645160 645160 WORKSHOPS AND SEMINARS 33391 25082 8309 DUES AND SUBSCRIPTIONS 13772 13411 361 STAFF TRAINING AND DEVE 11074 9256 1818 1897 1847 50 2638823 2183938 419215 35670 5353748 4744423 1038011 1085101 69812 139005 6751642 6824640 40234 35160 76209 69124 10289 7085 217551 217551 99721 72649 13581008 13125614 281278 216326 1725206 971719 2006484 1188045 X 11525663 11875332 48861 62237 11574524 11937569 13581008 13125614 363045 0 X 0 1 X 1 1 1 X 3526729 2390464 1523154 981540 1718386 10140273 3526729 2390464 1523154 981540 1718386 10140273 10140273 815 15561 82539 108431 103571 310917 7810 22099 7929 2500 40338 10491528 4880194 0.96650 0.97280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76209 69124 7085 7085 UNDISBURSED LOAN FUND CAPITAL 955827 OPERATING LEASE-LONG-TERM 15892 971719 X 3001868 0 3001868 0 3001868 2638823 0 2638823 0 2638823 PART X, LINE 2: 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. 1 0 7 PART I, LINE 2: 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. X X 0 0 0 0 0 1 0 1 0 JENNY TRICK EXECUTIVE DIRECTOR 196190 0 6226 0 0 0 10311 0 19195 0 231922 0 0 0 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. 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. SE WI INVESTMENT LLC 2320 RENAISSANCE BLVD STURTEVANT WI 53177 REAL ESTATE ENTITY FOR PRIVATE DEVELOPMENT PROJECTS WI RACINE COUNTY ECONCOMIC DEVELOPMENT CORPORATION