Nonprofit · EIN 39-1402470
DOWNTOWN RACINE CORP
Tax-exempt · RACINE, WI 53403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $349,680 | $264,503 | $85,177 | $242,382 | $100,612 | $141,770 |
| December 31, 2024 | 990 | $219,516 | $245,825 | -$26,309 | $148,385 | $91,792 | $56,593 |
| December 31, 2023 | 990 | $222,246 | $224,940 | -$2,694 | $153,235 | $70,333 | $82,902 |
| December 31, 2021 | 990 | $226,116 | $187,966 | $38,150 | $147,967 | $87,491 | $60,476 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $130,025
- Membership dues
- $42,025
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $145,289
- Other revenue
- $219,655
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $104,523
- Other salaries and wages
- $69,648
- Salaries, compensation and benefits (total)
- $196,668
- Professional fundraising fees
- $0
- Accounting fees
- $15,667
- Occupancy
- $17,029
- Travel
- $982
- Program services (functional)
- $16,952
- Management and general (functional)
- $190,840
- Fundraising (functional)
- $56,711
Balance sheet and other
- Total assets, start of year
- $148,385
- Total assets, end of year
- $242,382
- Total liabilities, end of year
- $100,612
- Net assets, end of year
- $141,770
- Net assets without donor restrictions
- $141,770
- Gross unrelated business income
- $145,289
- Gross receipts
- $453,903
- Employees
- 16
- Volunteers
- 50
- Year formed
- 1989
- State of legal domicile
- WI
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Kruse | Executive Director Trustee or director, Officer | 40 | $104,523 |
| Tim Mason | Chairman Trustee or director, Officer | 1 | $0 |
| Austin Schultz | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Barry Fries | Treasurer Trustee or director, Officer | 1 | $0 |
| John Rooney | Director Trustee or director | 1 | $0 |
| Jeff Coe | Director Trustee or director | 1 | $0 |
| Eric Dogans | Director Trustee or director | 1 | $0 |
| Corey Coleman | Director Trustee or director | 1 | $0 |
| Michelle Sweetman | Director Trustee or director | 1 | $0 |
| Tricia Blasko | Secretary Trustee or director, Officer | 1 | $0 |
| Scott Monroe | Director Trustee or director | 1 | $0 |
| Meagan Petersen | Director Trustee or director | 1 | $0 |
| Megan Haapanen | Director Trustee or director | 1 | $0 |
| Janna Parr-Coca | Director Trustee or director | 1 | $0 |
| Doug Geurts | Director Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Godfrey | Director Trustee or director | 1 | $0 |
| Anthony Porcaro | Director Trustee or director | 1 | $0 |
| Dimple Navratil | Director Trustee or director | 1 | $0 |
| Andrea Ramos | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Rooney | Director Trustee or director | 1 | $0 |
| Jeff Coe | Director Trustee or director | 1 | $0 |
| Marci Bruley | Director Trustee or director | 1 | $0 |
| Ralph Malicki | Director Trustee or director | 1 | $0 |
| Tim Ryan | Director Trustee or director | 1 | $0 |
| Shane Ryan | Director Trustee or director | 1 | $0 |
| Eric Dogans | Director Trustee or director | 1 | $0 |
| Corey Coleman | Director Trustee or director | 1 | $0 |
| Michelle Sweetman | Director Trustee or director | 1 | $0 |
| Michael OConnor | Director Trustee or director | 1 | $0 |
| Scott Monroe | Director Trustee or director | 1 | $0 |
| Meagan Petersen | Director Trustee or director | 1 | $0 |
| Megan Haapanen | Director Trustee or director | 1 | $0 |
| Janna Parr-Coca | Director Trustee or director | 1 | $0 |
| Doug Geurts | Director Trustee or director | 1 | $0 |
| Kelly Kruse | Executive Director Trustee or director, Officer | 40 | $0 |
| Tim Mason | Chairman Trustee or director, Officer | 1 | $0 |
| Austin Schultz | Vice Chairman Trustee or director, Officer | 1 | $0 |
| Barry Fries | Treasurer Trustee or director, Officer | 1 | $0 |
| Tricia Blasko | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Kruse | Executive Director Trustee or director, Officer | 40 | $97,023 |
| Ralph Malicki | Director Trustee or director | 1 | $0 |
| Tim Ryan | Director Trustee or director | 1 | $0 |
| Tamara Lopiparo | Director Trustee or director | 1 | $0 |
| Marci Bruley | Director Trustee or director | 1 | $0 |
| Shane Ryan | Director Trustee or director | 1 | $0 |
| Michelle Sweetman | Director Trustee or director | 1 | $0 |
| Michael OConnor | Director Trustee or director | 1 | $0 |
| Eric Dogans | Director Trustee or director | 1 | $0 |
| Corey Coleman | Director Trustee or director | 1 | $0 |
| Ashley Staeck | Director Trustee or director | 1 | $0 |
| Jeff Coe | Director Trustee or director | 1 | $0 |
| John Rooney | Director Trustee or director | 1 | $0 |
| Daniel Oakes | Director Trustee or director | 1 | $0 |
| Anna Legath | Director Trustee or director | 1 | $0 |
| Devon Borst | Director Trustee or director | 1 | $0 |
| Tim Mason | Chairman Trustee or director, Officer | 1 | $0 |
| Tricia Blasko | Secretary Trustee or director, Officer | 1 | $0 |
| Barry Fries | Treasurer Trustee or director, Officer | 1 | $0 |
| Austin Schultz | Vice Chairman Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2021: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Kruse | Executive Director Trustee or director, Officer | 40 | $87,680 |
| Tamara Lopiparo | Director Trustee or director | 0 | $0 |
| Ram Bhatia | Director Trustee or director | 0 | $0 |
| Anna Legath | Director Trustee or director | 0 | $0 |
| Dan Oakes | Director Trustee or director | 0 | $0 |
| Marci Bruley | Director Trustee or director | 0 | $0 |
| Shane Ryan | Director Trustee or director | 0 | $0 |
| Eric Dogans | Director Trustee or director | 0 | $0 |
| Ralph Malicki | Director Trustee or director | 0 | $0 |
| Tim Ryan | Director Trustee or director | 0 | $0 |
| Jeff Coe | Director Trustee or director | 0 | $0 |
| Ben Klenke | Director Trustee or director | 0 | $0 |
| John Rooney | Director Trustee or director | 0 | $0 |
| Samuel Christensen | Director Trustee or director | 0 | $0 |
| Devon Borst | Director Trustee or director | 0 | $0 |
| Ashley Staeck | Director Trustee or director | 0 | $0 |
| Tim Mason | Vice Chairman Trustee or director, Officer | 0 | $0 |
| MT Boyle | Chairman Trustee or director, Officer | 0 | $0 |
| Barry Fries | Treasurer Trustee or director, Officer | 0 | $0 |
| Austin Schultz | Secretary Trustee or director, Officer | 0 | $0 |
| Jane Batten | Director Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 425 MAIN ST, RACINE, WI 53403-1030
- In care of
- % KELLY KRUSE
- Signed the 990
- KELLY KRUSE, Executive Director
- Phone
- (262) 634-6002
- Website
- www.racinedowntown.com
- Return prepared by
- Perfect Balance Acctg Services LLC
Mission
To promote continued economic growth and aesthetic and recreational revitalization of downtown Racine by being proactive in the retention of existing businesses and recruitment of new business to the area.
Program accomplishments
- To promote continued economic growth and aesthetic and recreational revitalization of downtown Racine by being proactive in the retention of existing businesses and recruitment of new business to the area.Expenses $16,952
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1402470
- 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
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $242,382
- Income (IRS master file)
- $453,903
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $349,680 | $264,503 | $242,382 | XML |
| 990 | December 2024 | $219,516 | $245,825 | $148,385 | XML |
| 990 | December 2023 | $222,246 | $224,940 | $153,235 | XML |
| 990 | December 2022 | $232,145 | $206,623 | $146,802 | IRS |
| 990 | December 2021 | $226,116 | $187,966 | $147,967 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 39-1402470).
Questions about DOWNTOWN RACINE CORP
- What is the EIN of DOWNTOWN RACINE CORP?
- The employer identification number (EIN) of DOWNTOWN RACINE CORP is 39-1402470.
- Is DOWNTOWN RACINE CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to DOWNTOWN RACINE CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN RACINE CORP 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 DOWNTOWN RACINE CORP 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 DOWNTOWN RACINE CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of DOWNTOWN RACINE CORP?
- The 990 for the year ended December 31, 2025 lists 19 people; 1 received compensation from the organization, the highest $104,523 (Kelly Kruse, Executive Director).
- How much revenue does DOWNTOWN RACINE CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $349,680, expenses of $264,503 and total assets of $242,382 at year end.
Other nonprofits in RACINE
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- RACINE REVITALIZATION PARTNERSHIP EIN 81-1338331 · last filed 990 for 2024
- JUNIOR LEAGUE OF RACINE WISCONSIN INC EIN 39-6076055 · last filed 990-EZ for 2025
- VISIONING A GREATER RACINE INC EIN 81-2919524 · last filed 990-N for 2024
- RACINE EDUCATION UNISERV COUNCIL BUILDING INC EIN 39-1931275 · last filed 990-N for 2024
- L321 RACINE FIREFIGHTERS CHARITABLE FOUNDATION EIN 33-2516336 · last filed 990-N for 2025
- WISCONSIN BUSINESS AVIATION ASSOCIATION INC EIN 39-1999517 · last filed 990-N for 2025
- LIGHTHOUSE QUILTERS CLUB EIN 93-0838756 · last filed 990-N for 2025
All nonprofits in RACINE · Wisconsin · Community improvement and capacity building