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Filing year 2024

Downtown Racine Corporation

Racine, Wisconsin·EIN 39-1402470·NTEE S31Z · Community Improvement & Capacity Building·3
Total revenue
$220k
Total assets
$148k
Total expenses
$246k
Reported officers
20
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.

Reported officers (all unpaid)

No paid executives reported in 2024. Downtown Racine Corporation reported 20 unpaid officers and board members on its 990.

Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Director
Executive Director
Chairman
Vice Chairman
Treasurer
Secretary
Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Downtown Racine Corporation equaled 43% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
43%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,143 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 11%
from 2021

From $88k in 2021 to $97k in 2023.

$88k
2021
$97k
2023
In today's dollarsEst.
Down 1% in real terms$109k to $107k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 11% from 2021 to 2023, while revenue fell 2%.

$88k in 2021 to $97k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Downtown Racine Corporation reported revenue and expenses across 3 filing years.

RevenueExpenses
$226k
$188k
2021
$222k
$225k
2023
$220k
$246k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in Wisconsin

Downtown Racine Corporation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable community improvement & capacity building organization in Wisconsin earns a median of $72,901.

25th percentile
$34k
Median
$72,901
75th percentile
$134k
90th percentile
$208k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 240 organizations across 240 filings (2022 – 2024).

See full Community Improvement & Capacity Building pay data for Wisconsin

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FAQ

Common questions about Downtown Racine Corporation

What are Downtown Racine Corporation's revenue and expenses?

In 2024, Downtown Racine Corporation reported $220k in total revenue and $246k in total expenses on its IRS Form 990.

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