Wisconsin Economic Development Association Inc
- Assets
- $280.9k
- Revenue
- $408.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Madison, WI
- Founding
- 03/1976
- Data as of
- 12/2022
- EIN
- 51-0180680
Organization Overview
Wisconsin Economic Development Association Inc is located in Madison, WI. The organization was established in 1976. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Wisconsin Economic Development Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Economic Development Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Wisconsin Economic Development Association Inc generated $408.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $395.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SERVICES TO MEMBERS TO ADVANCE COMMUNITY DEVELOPMENT AND ECONOMIC ADVANCEMENT IN WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NETWORKING - WISCONSIN ECONOMIC DEVELOPMENT ASSOCIATION, INC'S (WEDA) BIGGEST EDUCATION AND NETWORKING EVENT OF THE YEAR IS ITS GOVERNOR'S CONFERENCE ON ECONOMIC DEVELOPMENT HELD EVERY FEBRUARY. IT IS A THREE-DAY CONFERENCE INCLUDING EDUCATIONAL SESSIONS, EXHIBITS, RECEPTIONS, AND OTHER NETWORKING OPPORTUNITIES. WEDA ALSO HOSTS COMMUNITY REINVESTMENT ACT SESSIONS AT VARIOUS LOCATIONS AROUND THE STATE TWICE EACH YEAR AS WELL AS A FALL CONFERENCE.
PROFESSIONAL DEVELOPMENT - WEDA, IN PARTNERSHIP WITH WISCONSIN ECONOMIC DEVELOPMENT CORPORATION (WEDC), HOSTS A SERIES OF EDUCATIONAL EVENTS. THE GOALS OF THESE OFFERINGS COMPLEMENT AND SUPPORT WEDC'S GOALS FOR FOSTERING A "BEST-IN-CLASS" ENVIRONMENT FOR ECONOMIC DEVELOPMENT PRACTITIONERS AND BUSINESS IN THE STATE OF WISCONSIN.
PUBLIC AFFAIRS - WEDA ENDORSES AND IS PROACTIVE IN SUPPORTING STUDIES AND CREATING PUBLIC AWARENESS OF ISSUES OF CONCERN TO MEMBERS SUCH AS THE "BE BOLD" WISCONSIN REPORT.LEGISLATIVE ISSUES - WEDA EMPLOYS A LEGISLATIVE AFFAIRS DIRECTOR WHO COORDINATES THE ASSOCIATION'S EFFORTS TO MONITOR AND ACT ON BILLS AND ADMINISTRATIVE RULES THAT IMPACT WISCONSIN'S ECONOMY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Perry President And CEO | Officer | 40 | $100,912 |
Donna Walker Chair | OfficerTrustee | 2 | $0 |
Sheldon Johnson Vice Chair | OfficerTrustee | 2 | $0 |
Bon Wikenheiser Treasurer | OfficerTrustee | 2 | $0 |
Jason Monnett Past Chair | OfficerTrustee | 2 | $0 |
Kathryn Berger Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,751 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,751 |
| Total Program Service Revenue | $380,635 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,808 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,486 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,036 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,412 |
| Advertising and promotion | $1,070 |
| Office expenses | $10,367 |
| Information technology | $11,996 |
| Royalties | $0 |
| Occupancy | $12,177 |
| Travel | $12,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,762 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,244 |
| All other expenses | $0 |
| Total functional expenses | $395,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,389 |
| Savings and temporary cash investments | $73,476 |
| Pledges and grants receivable | $15,751 |
| Accounts receivable, net | $10,074 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,165 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $280,855 |
| Accounts payable and accrued expenses | $21,777 |
| Grants payable | $0 |
| Deferred revenue | $125,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $147,610 |
| Net assets without donor restrictions | $133,245 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $280,855 |