Milwaukee Turners Inc
- Assets
- $961.7k
- Revenue
- $855.6k
- Investments
- $0.0
- Employees
- 29
- Location
- Milwaukee, WI
- Founding
- 10/1970
- Data as of
- 12/2022
- EIN
- 23-7083448
Organization Overview
Milwaukee Turners Inc is located in Milwaukee, WI. The organization was established in 1970. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Milwaukee Turners Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Turners Inc 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 12/2022, Milwaukee Turners Inc generated $855.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $546.4k during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
FOUNDED IN 1853, THE MILWAUKEE TURNERS ARE THE OLDEST CIVIC GROUP IN THE CITY, DEDICATED TO STRENGTHENING OUR COMMUNITY BASED ON THE IDEAL OF A "SOUND MIND IN A SOUND BODY." OUR GUIDING PRINCIPLES ARE "LIBERTY AGAINST ALL OPPRESSION; TOLERANCE AGAINST ALL FANATICISM; REASON AGAINST ALL SUPERSTITION; AND JUSTICE AGAINST ALL EXPLOITATION." WE OFFER NON-PARTISAN CULTURAL AND EDUCATIONAL PROGRAMS, AND TEACH GYMNASTICS, PHYSICAL AND MENTAL FITNESS FROM OUR NATIONALLY DESIGNATED HISTORIC LANDMARK, TURNER HALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PHYSICAL EDUCATION INSTRUCTION, GYMNASTICS TRAINING, RECREATIONAL GYMNASTICS AND RELATED ACTIVITIES. THE ORGANIZATION ALSO OFFERS AND EDUCATES REGARDING YOGA, ROCK CLIMBING, ADULT CONDITIONING AND OTHER ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emilio Detorre Executive Director | Officer | 40 | $7,100 |
Arthur Heitzer President | OfficerTrustee | 2 | $0 |
Michael Morgan Vice President | OfficerTrustee | 2 | $0 |
Liza Kessler Secrertary | OfficerTrustee | 2 | $0 |
Martha Collins Treasurer | OfficerTrustee | 2 | $0 |
Dr Amber Tucker School Board Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,674 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,395 |
| All other contributions, gifts, grants, and similar amounts not included above | $545,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,251 |
| Total Program Service Revenue | $82,972 |
| Investment income | $4,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $178,211 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $855,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $71,000 |
| Compensation of current officers, directors, key employees. | $17,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,712 |
| Payroll taxes | $21,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,080 |
| Fees for services: Accounting | $9,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,100 |
| Advertising and promotion | $8,227 |
| Office expenses | $26,470 |
| Information technology | $2,168 |
| Royalties | $0 |
| Occupancy | $34,399 |
| 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 | $21,730 |
| Insurance | $39,146 |
| All other expenses | $0 |
| Total functional expenses | $546,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,676 |
| Savings and temporary cash investments | $212,957 |
| Pledges and grants receivable | $186,395 |
| Accounts receivable, net | $29,692 |
| 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 | $25,641 |
| Net Land, buildings, and equipment | $403,254 |
| Investments—publicly traded securities | $30,040 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $961,655 |
| Accounts payable and accrued expenses | $69,157 |
| Grants payable | $0 |
| Deferred revenue | $4,275 |
| 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 | $10,000 |
| Total liabilities | $83,432 |
| Net assets without donor restrictions | $728,223 |
| Net assets with donor restrictions | $150,000 |
| 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 | $961,655 |