Nonprofit · EIN 39-1685445
RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · RIVER FALLS, WI 54022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $378,283 | $280,695 | $97,588 | $3,783,095 | $1,307,956 | $2,475,139 |
| December 31, 2023 | 990 | $330,399 | $273,044 | $57,355 | $3,721,808 | $1,344,318 | $2,377,490 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,084
- Program service revenue
- $370,859
- Investment income
- $2,340
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,425
- Occupancy
- $79,028
- Travel
- $4,724
- Depreciation
- $103,822
Balance sheet and other
- Total assets, start of year
- $3,721,808
- Total assets, end of year
- $3,783,095
- Total liabilities, end of year
- $1,307,956
- Net assets, end of year
- $2,475,139
- Land, buildings and equipment
- $3,152,166
- Net assets without donor restrictions
- $2,475,139
- Gross receipts
- $378,283
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1988
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DALE JORGENSON | DIRECTOR Trustee or director | 1 | $0 |
| JOE FISCHER | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM LAMB | DIRECTOR Trustee or director | 1 | $0 |
| STEVE LEITCH | DIRECTOR Trustee or director | 1 | $0 |
| TERRY MCKAY | DIRECTOR Trustee or director | 1 | $0 |
| KATY MELSTROM | DIRECTOR Trustee or director | 1 | $0 |
| MAX NEUHAUS | DIRECTOR Trustee or director | 1 | $0 |
| JERRY WILKENS | DIRECTOR Trustee or director | 1 | $0 |
| SHARI FRISBIE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROSANNE BUMP | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| SCOT SIMPSON | EXECUTIVE DI Trustee or director, Officer | 1 | $0 |
| KERI SCHREINER | TREASURER/SE Officer | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON BENTS | DIRECTOR (TH Trustee or director | 1 | $0 |
| CHRIS BLASIUS | DIRECTOR Trustee or director | 1 | $0 |
| ROSANNE BUMP | DIRECTOR Trustee or director | 1 | $0 |
| SHARI FRISBIE | DIRECTOR Trustee or director | 1 | $0 |
| DALE JORGENSON | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM LAMB | DIRECTOR Trustee or director | 1 | $0 |
| TERRY MCKAY | DIRECTOR Trustee or director | 1 | $0 |
| MAX NEUHAUS | DIRECTOR Trustee or director | 1 | $0 |
| JERRY WILKENS | DIRECTOR Trustee or director | 1 | $0 |
| JOE FISCHER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| STEVE LEITCH | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| KERI SCHREINER | TREASURER/SE Trustee or director, Officer | 1 | $0 |
| SCOT SIMPSON | EXECUTIVE DI Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 222 LEWIS ST, RIVER FALLS, WI 54022-2127
- Principal officer (990 for 2024)
- SHARI FRISBIE, 222 LEWIS ST, RIVER FALLS, WI 54022
- Signed the 990
- SHARI FRISBIE, PRESIDENT
- Phone
- (715) 426-3144
- Website
- WWW.RFCITY.ORG
- Return prepared by
- GUINN VINOPAL & ZAHRADKA LLP
Mission
RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION (RFEDC) IS A VOLUNTARY NON- PROFIT ORGANIZATION THAT COLLABORATES WITH THE CITY OF RIVER FALLS, PIERCE COUNTY ECONOMIC DEVELOPMENT CORPORATION, ST. CROIX ECONOMIC DEVELOPMENT CORPORATION, AND THE WISCONSIN ECONOMIC DEVELOPMENT CORPORATION ON ECONOMIC DEVELOPMENT TO INCREASE EMPLOYMENT OPPORTUNITIES THROUGH INDUSTRIAL DEVELOPMENT.
Program accomplishments
- ASSIST NEW BUSINESS START UPS AND PROVIDE RENTAL OR NEW CONSTRUCTION OPPORTUNITIES FOR NEW AND EXISTING BUSINESSES IN THE CITY OF RIVER FALLS.
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 | Not 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
- 39-1685445
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,783,095
- Income (IRS master file)
- $378,283
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $378,283 | $280,695 | $3,783,095 | IRS |
| 990 | December 2023 | $330,399 | $273,044 | $3,721,808 | XML |
| 990 | December 2022 | $234,806 | $269,464 | $3,749,833 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 39-1685445).
Questions about RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION is 39-1685445.
- Is RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1992.
- Are donations to RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION 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 RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names SHARI FRISBIE.
- Who are the officers and directors of RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does RIVER FALLS ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $378,283, expenses of $280,695 and total assets of $3,783,095 at year end.
Other nonprofits in RIVER FALLS
- UNIVERSITY OF WISCONSIN RIVER FALLS FOUNDATION EIN 39-6064630 · last filed 990 for 2025
- KINNIC FALLS ALCOHOL-DRUG ABUSE SERV INC EIN 39-1185918 · last filed 990 for 2025
- TURNINGPOINT FOR VICTIMS OF DOMESTIC AND SEXUAL VIOLENCE INC EIN 39-1322995 · last filed 990 for 2025
- GRASSROOTS ORGANIZING WESTERN WISCONSIN INC EIN 92-3691508 · last filed 990 for 2024
- HEARTLAND COMMUNITY MONTESSORI SCHOOL INC EIN 39-1794884 · last filed 990 for 2025
- LAIRD YOUTH LEADERSHIP FOUNDATION INC EIN 39-6104415 · last filed 990-PF for 2025
- GROWW EDUCATION EIN 92-3659537 · last filed 990 for 2024
- RIVER FALLS GYMNASTICS CLUB INC EIN 76-0716446 · last filed 990 for 2025