Bizstarts Milwaukee Inc
- Assets
- $654.1k
- Revenue
- $996.9k
- Investments
- $0.0
- Employees
- 19
- Location
- Milwaukee, WI
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 26-1766033
Organization Overview
Bizstarts Milwaukee Inc, operating under the name Bizstarts, is located in Milwaukee, WI. The organization was established in 2009. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Bizstarts employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bizstarts 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 12/2023, Bizstarts generated $996.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $985.4k during the year ending 12/2023. While expenses have increased by 22.0% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COACHING PROGRAM - BIZSTARTS OFFERS ONE-ON-ONE, ONGOING COACHING AT NO COST TO ANYONE THINKING ABOUT STARTING A BUSINESS WHO IS LOCATED IN WISCONSIN. DURING COACHING APPOINTMENTS, PARTICIPANTS ARE ABLE TO MAKE AN APPOINTMENT WITH ONE OF OUR COACHES WHO CAN ANSWER BUSINESS QUESTIONS, OFFER SMALL BUSINESS TECHNICAL ASSISTANCE, RECOMMEND NEXT STEPS, AND CONNECT TO THE BUSINESS RESOURCES AND MENTORS THEY NEED TO START AND GROW THEIR BUSINESS.
MENTOR PROGRAM - BIZSTARTS MENTOR PROGRAM CONSISTS OF SEASONED VOLUNTEERS FROM THE CORPORATE AND ENTREPRENEURIAL COMMUNITY. BIZSTARTS COACHES CONNECT ENTREPRENEURS TO MENTORS BASED ON THE ENTREPRENEURS CHALLENGES AND THE MENTORS AREA OF EXPERTISE. COACHES MAY CONNECT ENTREPRENEURS DIRECTLY TO MENTORS AFTER A COACHING APPOINTMENT OR THEY MAY INVITE THE ENTREPRENEUR TO PRESENT AT BIZSTARTS MENTOR FORUM. AT THE MENTOR FORUM, THE ENTREPRENEUR PRESENTS THEIR CURRENT BUSINESS CHALLENGES TO A PANEL OF BIZSTARTS MENTORS. OUR HIGHLY SKILLED MENTOR NETWORK PROVIDE REAL TIME FEEDBACK, CONNECTIONS, AND HELP OVERCOMING SPECIFIC CHALLENGES. 1-3 MENTORS VOLUNTEER TO WORK WITH THE ENTREPRENEUR AFTER THE FORMUM.
THE BIZSTARTS COMMUNITY MARKET OPENED ITS DOORS IN OCTOBER 2023 AS A HUB FOR ENTREPRENEURS TO LEARN AND GROW. IT HOSTS BIZSTARTS PROGRAMMING, INCLUDING THE BIZSTARTS INSTITUTE AND A VARIETY OF MONTHLY WORKSHOPS. WHEN NOT USED FOR PROGRAMMING, THE SPACE OPERATES AS A STORE AND CAF WHERE ENTREPRENEURS CAN SELL THEIR PRODUCTS TO THE MILWAUKEE COMMUNITY. BIZSTARTS SUPPORTS EACH ENTREPRENEUR IN PREPARING THEIR PRODUCTS FOR RETAIL, PROVIDING SALES REPORTS TO ASSIST THEM IN EXPANDING TO OTHER RETAIL LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Snyder Executive Director/president | Officer | 40 | $150,750 |
Frank Cumberbatch Board Chair | OfficerTrustee | 2 | $0 |
Bill Fleming Treasurer | OfficerTrustee | 2 | $0 |
Glenn Margraff Secretary | OfficerTrustee | 1 | $0 |
Roxanne Baumann Director | Trustee | 1 | $0 |
Scott Brunner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $605,647 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $986,644 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $7,342 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $996,899 |
| 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. | $150,750 |
| Compensation of current officers, directors, key employees. | $30,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,697 |
| Pension plan accruals and contributions | $6,912 |
| Other employee benefits | $9,400 |
| Payroll taxes | $26,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,348 |
| Fees for services: Accounting | $10,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $244,287 |
| Advertising and promotion | $17,232 |
| Office expenses | $59,668 |
| Information technology | $11,888 |
| Royalties | $0 |
| Occupancy | $53,766 |
| Travel | $42,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,226 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,332 |
| Insurance | $3,272 |
| All other expenses | $0 |
| Total functional expenses | $985,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,527 |
| Savings and temporary cash investments | $71,789 |
| Pledges and grants receivable | $254,040 |
| 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 | $4,582 |
| Prepaid expenses and deferred charges | $7,938 |
| Net Land, buildings, and equipment | $204,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,126 |
| Total assets | $654,052 |
| Accounts payable and accrued expenses | $46,947 |
| 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 | $62,937 |
| Total liabilities | $109,884 |
| Net assets without donor restrictions | $494,168 |
| Net assets with donor restrictions | $50,000 |
| 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 | $654,052 |