Menomonee Valley Partners Inc
- Assets
- $1.4m
- Revenue
- $457.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Milwaukee, WI
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 31-1683712
Organization Overview
Menomonee Valley Partners Inc is located in Milwaukee, WI. The organization was established in 2000. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Menomonee Valley Partners Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menomonee Valley Partners 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 06/2022, Menomonee Valley Partners Inc generated $457.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $424.0k during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 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
TO REVITALIZE AND SUSTAIN THE MENOMONEE VALLEY FOR THE BENEFIT OF THE GREATER MILWAUKEE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIVING DISTRICT: MAINTAIN A THRIVING, SUSTAINABLE, URBAN DISTRICT THAT IS HOME TO MANUFACTURING, ENTERTAINMENT, AND RECREATION. WORK WITHIN THIS CATEGORY INCLUDES PROGRAMS THAT FOCUS ON PUBLIC SAFETY, DISTRICT BEAUTIFICATION, AND MARKETING THE DISTRICT AND ITS AMENITIES.
TRANSPORTATION AND INFRASTRUCTURE: ENSURE DEVELOPMENT OF EFFECTIVE TRANSPORTATION ACCESS AND OTHER BENEFICIAL INFRASTRUCTURE. WORK IN THIS CATEGORY INVOLVES COORDINATING WITH PUBLIC AND PRIVATE SECTOR PARTNERS ON MAJOR INFRASTRUCTURE PROJECTS IN AND AROUND THE VALLEY, INCLUDING I-94 RECONSTRUCTION, RAIL PROJECTS, PLANNING INFRASTRUCTURE NECESSARY TO DEVELOPING VACANT PARCELS, AND THE DEVELOPMENT OF RIVERWALK.
WORKFORCE CONNECTIONS: CONNECT EMPLOYERS TO A REGIONAL, JOB-READY WORKFORCE AND POSITION LOCAL WORKERS TO BE COMPETITIVE FOR UPCOMING EMPLOYMENT OPPORTUNITIES. WORK WITHIN THIS CATEGORY INCLUDES THE YOUTH-FOCUSED CAREER DISCOVERY INITIATIVE PROGRAMS AND ROTATIONAL INTERNSHIP PROGRAM, AS WELL AS A VARIETY OF PROGRAMS THAT BUILD AND SUPPORT THE VALLEY WORKFORCE, INCLUDING PROGRAMS SUCH AS THE VALLEY CIRCLES PROFESSIONAL DEVELOPMENT PROGRAMS FOR VALLEY EMPLOYEES, WORKFORCE TRANSPORTATION WORK, AND SHARED WORKFORCE TRAINING PROGRAMS TO BUILD AND RETAIN THE VALLEY WORKFORCE.
REDEVELOPMENT: ENCOURAGE AND FACILITATE HIGH-QUALITY REDEVELOPMENT OF VACANT PARCELS AND UNDERUTILIZED PROPERTIES AND RECRUIT HIGH-QUALITY EMPLOYERS. WORK IN THIS CATEGORY INCLUDES PREDEVELOPMENT AND DUE DILIGENCE TO REDEVELOP VACANT PROPERTIES, WORKING WITH BUSINESSES, BROKERS, AND OTHER PARTNERS TO ATTRACT BUSINESSES TO THE VALLEY, AND SUPPORTING EXISTING BUSINESSES IN THEIR GROWTH WITH A RANGE OF TECHNICAL ASSISTANCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hatch Chair | OfficerTrustee | 5 | $0 |
Bruce Keyes President | OfficerTrustee | 5 | $0 |
Jeff Morgan Vice President | OfficerTrustee | 5 | $0 |
Michele Bria Secretary | OfficerTrustee | 5 | $0 |
Pat O'connor Treasurer | OfficerTrustee | 5 | $0 |
Jennifer Bognar Zierer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $150,000 |
| Government grants | $4,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,623 |
| Noncash contributions included in lines 1a–1f | $240 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,623 |
| Total Program Service Revenue | $50,348 |
| Investment income | $10,979 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $456,950 |
| 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. | $106,303 |
| Compensation of current officers, directors, key employees. | $7,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,139 |
| Pension plan accruals and contributions | $7,859 |
| Other employee benefits | $45,156 |
| Payroll taxes | $19,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,864 |
| Advertising and promotion | $2,730 |
| Office expenses | $2,895 |
| Information technology | $17,493 |
| 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 | $10,486 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,441 |
| All other expenses | $0 |
| Total functional expenses | $423,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $60,000 |
| Accounts receivable, net | $2,560 |
| 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 | $2,718 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,007,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,379,326 |
| Accounts payable and accrued expenses | $31,375 |
| 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 | $31,375 |
| Net assets without donor restrictions | $1,275,801 |
| Net assets with donor restrictions | $72,150 |
| 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 | $1,379,326 |