Milwaukee Public Museum Endowment F Und
- Assets
- $9.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 01/1970
- Data as of
- 08/2022
- EIN
- 23-7055827
Organization Overview
Milwaukee Public Museum Endowment F Und is located in Milwaukee, WI. The organization was established in 1970. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Public Museum Endowment F Und is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Milwaukee Public Museum Endowment F Und generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.1% each year . All expenses for the organization totaled $106.4k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF THE MILWAUKEE PUBLIC MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME DERIVED FROM INVESTMENTS AND DONATIONS IS TO FURTHER THE MILWAUKEE PUBLIC MUSEUM ENDOWMENT FUNDS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
V Ross Read III Chairman | OfficerTrustee | 1 | $0 |
Anthony D Beadell Trustee | Trustee | 1 | $0 |
Adam Peck Trustee | Trustee | 1 | $0 |
F Robert Moebius Trustee | Trustee | 1 | $0 |
Robert Jansen Trustee | Trustee | 1 | $0 |
Sara Walker Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $958,685 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,098,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,057,645 |
| Total Program Service Revenue | $0 |
| Investment income | $195,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,255,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,835 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,298 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,500 |
| Total functional expenses | $106,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $291,951 |
| Pledges and grants receivable | $722,992 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,683,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $900,000 |
| Total assets | $9,598,760 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,171,571 |
| Net assets with donor restrictions | $5,427,189 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,598,760 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Milwaukee Public Museum Endowment F Und has recieved totaling $230,000.
| Awarding Organization | Amount |
|---|---|
Pollybill Foundation Inc Milwaukee, WI PURPOSE: ENDOWMENT FUND | $230,000 |
Endowment Analysis
| Beg. Balance | $8,591,385 |
| Earnings | -$980,135 |
| Admin Expense | $2,800 |
| Net Contributions | $2,057,645 |
| Other Expense | $10,500 |
| Grants | $56,835 |
| Ending Balance | $9,598,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trilogy Inc Chicago, IL | $15,390,124 | $38,855,480 |
Family Institute Evanston, IL | $24,399,945 | $35,971,873 |
Hektoen Institute For Medical Research Chicago, IL | $65,726,936 | $31,693,206 |
Fraunhofer Usa Inc Plymouth, MI | $31,958,834 | $20,911,766 |
Arbor Research Collaborative For Health Ann Arbor, MI | $23,346,603 | $18,357,581 |
Usona Institute Inc Madison, WI | $38,737,266 | $18,840,870 |
American Dairy Association Of Michigan Inc Okemos, MI | $3,921,233 | $8,317,997 |
Advanced Textiles Association Roseville, MN | $7,913,490 | $8,259,339 |
Center For Veterans Research And Education Minneapolis, MN | $6,193,088 | $7,313,382 |
Center For Healthcare Research & Transformation Ann Arbor, MI | $2,198,670 | $6,645,435 |
Chicago Association For Research And Education In Science Hines, IL | $11,790,723 | $5,694,956 |
Innovative Lifestyles Inc Clarkston, MI | $1,440,300 | $6,333,556 |