Nonprofit · EIN 27-0492816
VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC
Tax-exempt · LAKE GENEVA, WI 53147
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $158,723 | $162,328 | -$3,605 | $173,229 | $346 | $172,883 |
| December 31, 2024 | 990-EZ | $144,991 | $148,442 | -$3,451 | $200,966 | $2,066 | $198,900 |
| December 31, 2023 | 990 | $244,793 | $185,197 | $59,596 | $210,246 | $2,545 | $207,701 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $151,061
- Other revenue
- $7,662
Expenses
- Compensation of officers, directors and key employees
- $89,233
- Salaries, compensation and benefits (total)
- $98,736
- Professional fees and payments to contractors
- $1,300
- Printing, publications and postage
- $2,936
- Other expenses
- $59,356
Balance sheet and other
- Total assets, start of year
- $200,966
- Total assets, end of year
- $173,229
- Total liabilities, end of year
- $346
- Net assets, end of year
- $172,883
- Cash, savings and investments
- $164,520
- Gross receipts
- $158,723
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN SCHMITZ | EXECUTIVE DIRECTOR | 40 | $89,233 |
| BILL KEELER | DIRECTOR | 1 | $0 |
| PATTY KRARUP | DIRECTOR | 1 | $0 |
| NOAH LOTTIG | DIRECTOR | 1 | $0 |
| WILLIAM NIEMUTH | DIRECTOR | 1 | $0 |
| CAROLYN RITTER | DIRECTOR | 1 | $0 |
| KELLY COOPER | DIRECTOR | 1 | $0 |
| EMERSON COY | DIRECTOR | 1 | $0 |
| ERIN MCCORMACK | DIRECTOR | 1 | $0 |
| PETER MOUW | DIRECTOR | 1 | $0 |
| ROGER WOLFF | DIRECTOR | 1 | $0 |
| JIM TUCKWELL | CHAIRMAN | 5 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN SCHMITZ | EXECUTIVE DIRECTOR | 40 | $87,871 |
| BRAD GAUTHIER | DIRECTOR | 1 | $0 |
| BILL KEELER | DIRECTOR | 1 | $0 |
| PATTY KRARUP | DIRECTOR | 1 | $0 |
| NOAH LOTTIG | DIRECTOR | 1 | $0 |
| WILLIAM NIEMUTH | DIRECTOR | 1 | $0 |
| CAROLYN RITTER | DIRECTOR | 1 | $0 |
| KELLY COOPER | DIRECTOR | 1 | $0 |
| EMERSON COY | DIRECTOR | 1 | $0 |
| ERIN MCCORMACK | DIRECTOR | 1 | $0 |
| PETER MOUW | DIRECTOR | 1 | $0 |
| JIM TUCKWELL | CHAIRMAN | 5 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH MUEHLBACH | DIRECTOR Trustee or director | 1 | $0 |
| TY ERICKSON | DIRECTOR Trustee or director | 1 | $0 |
| BRAD GAUTHIER | DIRECTOR Trustee or director | 1 | $0 |
| PATTY KRARUP | DIRECTOR Trustee or director | 1 | $0 |
| NOAH LOTTIG | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM NIEMUTH | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN RITTER | DIRECTOR Trustee or director | 1 | $0 |
| KELLY COOPER | DIRECTOR Trustee or director | 1 | $0 |
| PETER MOUW | DIRECTOR Trustee or director | 1 | $0 |
| JAMES TUCKWELL | CHAIRMAN Officer | 20 | $0 |
| RICHARD NELSON | VICE CHAIR Officer | 1 | $0 |
| JON CHAMBERLAIN | TREASURER Officer | 2 | $0 |
| ELIZABETH DUEMMEL | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 421 BROAD ST STE 1, LAKE GENEVA, WI 53147-1844
- Mailing address (990-N for 2009)
- 330 Court Street, Eagle River WI 54521
- Principal officer (990-N for 2009)
- John McGraw, 37 Deer Park Road, Manitowish Waters WI 54545
- Signed the 990-EZ
- KATHLEEN SCHMITZ, EXECUTIVE DIRECTOR
- Phone
- (715) 337-0061
- Return prepared by
- CHAMBERLAIN OTTE CPAS LLP
Mission
RECRUIT BUSINESSES TO VILAS COUNTY, WISCONSIN AND TO HELP EXISTING BUSINESSES TO EXPAND THEIR OPERATOINS WITHIN THE COUNTY.
Program accomplishments
- REGIONAL BUSINESS DEVELOPMENT
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0492816
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $173,229
- Income (IRS master file)
- $158,723
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $158,723 | $162,328 | $173,229 | XML |
| 990-EZ | December 2024 | $144,991 | $148,442 | $200,966 | XML |
| 990 | December 2023 | $244,793 | $185,197 | $210,246 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: John McGraw | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0492816).
Questions about VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC
- What is the EIN of VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC is 27-0492816.
- Is VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990-N for 2009 names John McGraw.
- Who are the officers and directors of VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $89,233 (KATHLEEN SCHMITZ, EXECUTIVE DIRECTOR).
- How much revenue does VILAS COUNTY ECONOMIC DEVELOPMENT CORPORATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $158,723, expenses of $162,328 and total assets of $173,229 at year end.
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