Driftless Development Inc
- Assets
- $126.2k
- Revenue
- $207.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Prairie Du Chien, WI
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-3536889
Organization Overview
Driftless Development Inc is located in Prairie Du Chien, WI. The organization was established in 2018. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Driftless Development Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Driftless Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Driftless Development Inc generated $207.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $132.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE RESOURES AND SUPPORT STRUCTURE TO GROW ECOMONIC DEVELOPMENT IN CRAWFORD COUNTY AND STRENGTHEN THE ECONOMIC CLIMATE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STREET DESIGN - BANNERS FOR DOWNTOWN BLACKHAWK AVE (MAIN STREET), CHRISTMAS WREATHS AND PLANTERS, FALL PLANTERS, SPRING PLANTERS AND HANGING BASKETS
MS ECON VITALITY - SPONSORED A POP-UP SHOP STYLE MARKET FOR THE CHRISTMAS SEASON, HOSTING NUMEROUS VENDORS. THE SHOP ALLOWED VENDORS THE OPPORTUNITY TO ATTEMPT RETAIL SALES IN A SAFE ENVIRONMENT. ONE VENDOR HAS RETAINED MANAGEMENT OF THE SHOP FOR 2022 AND CONTINUES TO SUPPORT VENDORS WHO WISH TO REMAIN.
MAIN ST PROMOTION - SPONSORS PROGRAMS THAT PROMOTE MAIN STREET, INCLUDING SANTA SHOPS SMALL AND DOWNTOWN TRICK OR TREAT. THE PROGRAM ALSO SOLD CITY-THEMED CHRISTMAS ORNAMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Roth Executive Director | Officer | 40 | $65,833 |
Tammie Katzung Main Street Manager | Officer | 40 | $15,938 |
Pete Flesch Past President | Officer | $0 | |
Becky Hackett Secretary | Officer | $0 | |
Pam Ritchie Treasurer | Officer | $0 | |
Artie Johnson President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,700 |
| Total Program Service Revenue | $46,440 |
| Investment income | $45 |
| 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 | $207,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $81,771 |
| Compensation of current officers, directors, key employees. | $65,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,255 |
| Fees for services: Management | $276 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,378 |
| Office expenses | $4,807 |
| Information technology | $2,019 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $579 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,877 |
| All other expenses | $375 |
| Total functional expenses | $132,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,442 |
| Savings and temporary cash investments | $84,730 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $126,172 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,908 |
| Total liabilities | $2,908 |
| Net assets without donor restrictions | $123,264 |
| 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 | $126,172 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Dairyland Economic Opportunity Council Incorporated Independence, WI | $9,371,395 | $17,670,947 |
Community And Economic Development Associates Chatfield, MN | $1,658,001 | $2,830,781 |
New Covenant Community Development Chicago, IL | $1,571,797 | $1,893,496 |
Sharing Our Roots Northfield, MN | $1,750,092 | $967,957 |
Door County Economic Development Corporation Sturgeon Bay, WI | $2,581,699 | $998,049 |
Center For Rural Policy And Development Mankato, MN | $628,188 | $663,588 |
Chi Ishobak Inc Dowagiac, MI | $9,230,195 | $2,545,311 |
Big Ideas Inc New Ulm, MN | $77,922 | $540,880 |
Southernmost Illinois Delta Empowerment Zone Mounds, IL | $4,432,578 | $281,750 |
Michigan Rural Rehabilitation Corporation Marshall, MI | $5,790,838 | $303,009 |
Southern Iowa Development Group Inc Creston, IA | $3,072,784 | $1,218,637 |
Harrison County Agriculture Society Missouri Valley, IA | $551,749 | $211,482 |