Metropolitan Milwaukee Association Of Commerce
- Assets
- $14.1m
- Revenue
- $8.0m
- Investments
- $124.8k
- Employees
- 35
- Location
- Milwaukee, WI
- Founding
- 02/1945
- Data as of
- 06/2022
- EIN
- 39-0475230
Organization Overview
Metropolitan Milwaukee Association Of Commerce is located in Milwaukee, WI. The organization was established in 1945. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Metropolitan Milwaukee Association Of Commerce employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Milwaukee Association Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Metropolitan Milwaukee Association Of Commerce generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $6.1m during the year ending 06/2022. 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
ADVOCATE FOR BUSINESS IN THE METROPOLITAN MILWAUKEE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MILWAUKEE 7 PROJECT CREATES A REGIONAL COOPERATIVE ECONOMIC DEVELOPMENT PLATFORM FOR THE SEVEN COUNTIES OF SOUTHEASTERN WISCONSIN: KENOSHA, MILWAUKEE, OZAUKEE, RACINE, WALWORTH, WASHINGTON AND WAUKESHA.COUNCIL OF SMALL BUSINESS EXECUTIVES HELPS SUCCESSFUL BUSINESSES IMPROVE THROUGH CEO ROUNTABLES, COSBE MANAGEMENT CENTER, CONGRESSIONAL FORUMS AND THE FUTURE 50.
BUSINESS PERFORMANCE NETWORK ESTABLISHES MILWAUKEE AS AN INTERNATIONALLY RECOGNIZED CENTER OF QUALITY IMPROVEMENT, ACTIVITY AND SUCCESS.
COUNCIL OF SMALL BUSINESS EXECUTIVES HELPS SUCCESSFUL BUSINESSES IMPROVE THROUGH CEO ROUNTABLES, COSBE MANAGEMENT CENTER, CONGRESSIONAL FORUMS AND THE FUTURE 50.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Kellner Officer | OfficerTrustee | 0.5 | $0 |
Robert Arzbaecher Officer | OfficerTrustee | 0.5 | $0 |
Scott Beightol Officer | OfficerTrustee | 0.5 | $0 |
Bill Berrien Director | Trustee | 0.5 | $0 |
Tina Chang Officer | OfficerTrustee | 0.5 | $0 |
Robert Hillis Officer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Rauser Agency Health Care Affinity Program | 6/29/21 | $111,402 |
Pentago Property Manage Llc Property Management | 6/29/21 | $144,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,251,205 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $649,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,668,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,568,205 |
| Total Program Service Revenue | $878,524 |
| Investment income | $858,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128,732 |
| Net Income from Fundraising Events | $220,080 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,001,819 |
| 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. | $751,715 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,998,207 |
| Pension plan accruals and contributions | $504,636 |
| Other employee benefits | $548,632 |
| Payroll taxes | $174,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,682 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,891 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,900 |
| Office expenses | $166,290 |
| Information technology | $100,778 |
| Royalties | $0 |
| Occupancy | $196,395 |
| Travel | $17,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,308 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,114 |
| Insurance | $0 |
| All other expenses | $32,266 |
| Total functional expenses | $6,093,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,327 |
| Savings and temporary cash investments | $2,108,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,660 |
| 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 | $132,821 |
| Investments—publicly traded securities | $10,884,663 |
| Investments—other securities | $124,824 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,063,997 |
| Accounts payable and accrued expenses | $10,588 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $65,556 |
| 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 | $1,005,882 |
| Total liabilities | $1,082,026 |
| Net assets without donor restrictions | $11,463,732 |
| Net assets with donor restrictions | $1,518,239 |
| 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 | $14,063,997 |