Northwest Wisconsin Regional Economic Development Fund Inc
Northwest Wisconsin Regional Economic Development Fund Inc. maintains strong assets and efficient operations with no reported officer compensation.
EIN: 204322834 · Spooner, WI · NTEE: S30 · Updated: 2026-03-28
Is Northwest Wisconsin Regional Economic Development Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northwest Wisconsin Regional Economic Development Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northwest Wisconsin Regional Economic Development Fund Inc
Northwest Wisconsin Regional Economic Development Fund Inc (EIN: 204322834) is a nonprofit organization based in Spooner, WI, classified under NTEE code S30. The organization reported total revenue of $209K and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwest Wisconsin Regional Economic Development Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Northwest Wisconsin Regional Economic Development Fund Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Northwest Wisconsin Regional Economic Development Fund Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through an external arrangement, which significantly reduces administrative overhead for the organization relative to its asset size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Northwest Wisconsin Regional Economic Development Fund Inc:
- Strong and stable asset base, currently at $4,214,225.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds.
- Low liabilities relative to assets, demonstrating sound financial management.
- Positive net income in recent years (e.g., 2023 revenue $199,284 vs. expenses $100,260).
- Long history of IRS 990 filings (13 filings), indicating high transparency.
Frequently Asked Questions about Northwest Wisconsin Regional Economic Development Fund Inc
Is Northwest Wisconsin Regional Economic Development Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Northwest Wisconsin Regional Economic Development Fund Inc (EIN: 204322834) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Northwest Wisconsin Regional Economic Development Fund Inc spend its money?
Northwest Wisconsin Regional Economic Development Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northwest Wisconsin Regional Economic Development Fund Inc tax-deductible?
Northwest Wisconsin Regional Economic Development Fund Inc is registered as a tax-exempt nonprofit (EIN: 204322834). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Northwest Wisconsin Regional Economic Development Fund Inc. a good charity?
Based on its financial data, the organization appears to be a well-managed and financially healthy nonprofit. It maintains a strong asset base, consistently low liabilities, and reports no officer compensation, suggesting efficient use of funds. Its consistent IRS 990 filings also indicate good transparency.
How does the organization manage its expenses?
The organization consistently manages its expenses well, often keeping them below revenue. For example, in 2023, expenses were $100,260 against revenues of $199,284. The absence of officer compensation also points to a lean operational structure.
What is the trend in the organization's assets?
The organization has maintained a substantial asset base, consistently above $3.9 million, reaching $4,214,225 in the latest period. While there have been minor fluctuations, the overall trend shows stability and growth in net assets over the last two years.
Filing History
IRS 990 filing history for Northwest Wisconsin Regional Economic Development Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northwest Wisconsin Regional Economic Development Fund Inc's revenue has declined by 7%, moving from $214K to $199K. Total assets decreased by 42.5% over the same period, from $7.1M to $4.1M. Total functional expenses fell by 47.3%, from $190K to $100K. In its most recent filing year (2023), Northwest Wisconsin Regional Economic Development Fund Inc reported a surplus of $99K, with revenue exceeding expenses. The organization holds $17K in liabilities against $4.1M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $199K | $100K | $4.1M | $17K | — | — |
| 2022 | $103K | $47K | $4.0M | $7K | — | — |
| 2021 | $90K | $307K | $4.0M | $2K | — | View 990 |
| 2020 | $113K | $126K | $4.3M | $9K | — | View 990 |
| 2019 | $171K | $131K | $4.3M | $19K | — | View 990 |
| 2018 | $131K | $98K | $4.3M | $8K | — | View 990 |
| 2017 | $87K | $92K | $4.4M | $12K | — | — |
| 2016 | $206K | $313K | $4.4M | $16K | — | View 990 |
| 2015 | $140K | $421K | $4.6M | $132K | — | View 990 |
| 2014 | $167K | $132K | $4.9M | $157K | — | View 990 |
| 2013 | $121K | $1.7M | $4.9M | $228K | — | View 990 |
| 2012 | $186K | $181K | $7.1M | $884K | — | View 990 |
| 2011 | $214K | $190K | $7.1M | $882K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $199K, expenses of $100K, and assets of $4.1M (revenue +94.0% year-over-year).
- 2022: Revenue of $103K, expenses of $47K, and assets of $4.0M (revenue +13.8% year-over-year).
- 2021: Revenue of $90K, expenses of $307K, and assets of $4.0M (revenue -20.2% year-over-year).
- 2020: Revenue of $113K, expenses of $126K, and assets of $4.3M (revenue -33.9% year-over-year).
- 2019: Revenue of $171K, expenses of $131K, and assets of $4.3M (revenue +30.7% year-over-year).
- 2018: Revenue of $131K, expenses of $98K, and assets of $4.3M (revenue +50.9% year-over-year).
- 2017: Revenue of $87K, expenses of $92K, and assets of $4.4M (revenue -58.0% year-over-year).
- 2016: Revenue of $206K, expenses of $313K, and assets of $4.4M (revenue +47.4% year-over-year).
- 2015: Revenue of $140K, expenses of $421K, and assets of $4.6M (revenue -16.4% year-over-year).
- 2014: Revenue of $167K, expenses of $132K, and assets of $4.9M (revenue +38.7% year-over-year).
- 2013: Revenue of $121K, expenses of $1.7M, and assets of $4.9M (revenue -35.1% year-over-year).
- 2012: Revenue of $186K, expenses of $181K, and assets of $7.1M (revenue -13.2% year-over-year).
- 2011: Revenue of $214K, expenses of $190K, and assets of $7.1M.
Data Sources and Methodology
This transparency report for Northwest Wisconsin Regional Economic Development Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.