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Downtown Racine Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391402470 ✦ Racine, WI ✦ Designated as a 501(c)(3)

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Overview

What is Downtown Racine Corporation?

Downtown Racine Corporation is a nonprofit organization situated at 425 Main Street, Racine, Wisconsin. Their primary mission is to foster economic growth and enhance the aesthetic and recreational appeal of downtown Racine. To achieve this, they proactively work towards retaining existing businesses and attracting new ones to the area. With a team of nine dedicated individuals, their efforts contribute to the revitalization of the downtown area, ultimately benefiting the local community.


Official website here: www.racinedowntown.com

Is Downtown Racine Corporation legitimate?

Downtown Racine Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Racine Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $92,641
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,023

For more financial information, click here


Official website here: www.racinedowntown.com

What is the mission statement of Downtown Racine Corporation?

The Downtown Racine Corporation's mission is centered around fostering economic development and improving the overall appeal of a specific area. They actively work towards retaining existing businesses and attracting new ones to the district, aiming to stimulate economic growth. Furthermore, they are committed to enhancing the area's aesthetic and recreational facilities, contributing to a more vibrant and appealing environment. The organization's proactive approach to these objectives aims to revitalize the downtown area, ultimately benefiting both the local businesses and the community as a whole.


Official website here: www.racinedowntown.com

Who is the CEO of Downtown Racine Corporation?

Kelly Kruse is the Executive Director of Downtown Racine Corporation.


Official website here: www.racinedowntown.com

What is the revenue of Downtown Racine Corporation?

Downtown Racine Corporation's revenue in 2022 was $232,145.


Official website here: www.racinedowntown.com

Who are the executives of Downtown Racine Corporation and what are their salaries?

The average compensation at Downtown Racine Corporation during 2022 was $14,074. There are 9 employees and 40 volunteers at Downtown Racine Corporation.


Here are 20 key members and their salaries:


Kelly Kruse (Executive Director)
  • Compensation: $92,641
  • Related: $0
  • Other: $0
Tamara Lopiparo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Oakes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Dogans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marci Bruley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shane Ryan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Ryan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Malicki (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anna Legath (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corey Coleman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Sweetman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Oconnor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Rooney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Devon Borst (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Staeck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Coe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Austin Schultz (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Mason (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tricia Blasko (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Fries (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.racinedowntown.com

Where can I find the form 990 for Downtown Racine Corporation?

Downtown Racine Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.racinedowntown.com

Learn more at the official website: www.racinedowntown.com

Mission Statement of Downtown Racine Corporation

Downtown Racine Corporation, as an organization, is committed to driving the economic growth and enhancing the aesthetic and recreational appeal of downtown Racine. They achieve this mission by taking a proactive approach in retaining existing businesses and attracting new ones to the area. This strategic approach aims to revitalize the downtown section of Racine, ensuring a vibrant and thriving community. The corporation's mission is a testament to its dedication to the continued development and prosperity of the downtown area, making it a more appealing and enjoyable place for both locals and visitors alike.

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Impact




October, 2024

Downtown Racine Corporation plays a vital role in fostering economic growth and revitalization in the heart of Racine, Wisconsin. By proactively working to retain existing businesses and attract new ones, the organization enhances the local economy and creates job opportunities. Its efforts contribute to an aesthetically pleasing and vibrant downtown, which not only elevates the quality of life for residents but also stimulates recreational activities and community engagement.

The impact of Downtown Racine Corporation is evident in the improved appearance and functionality of the downtown area. Through their initiatives, the organization helps to create a welcoming environment that encourages visitors and residents alike to explore local shops, restaurants, and cultural attractions. This economic and aesthetic revitalization not only supports local entrepreneurs but also bolsters community pride and identity.

Furthermore, the emphasis on community improvement by Downtown Racine Corporation fosters collaboration among stakeholders, including business owners, local government, and residents. By bringing these groups together, the organization ensures that the development of the downtown area aligns with the needs and aspirations of the community. Overall, Downtown Racine Corporation is instrumental in shaping a dynamic and thriving downtown that benefits all who live and work in Racine.




This information is meant to be a general summary of Downtown Racine Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$232,145 (2022)
Expenses
$206,623 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $328,732

Assets and Liabilities:

  • Total Assets: $146,802
  • Total Liabilities: $61,206
  • Net Assets: $85,596

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Organization Details

Founding Year

1989

Principal Officer

Kelly Kruse

Main Address

425 Main Street, Racine, WI, 534031030

NTEE Category

Code: S31Z - Community improvement

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