Greater Milwaukee Committee For Community Development
- Assets
- $2.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Milwaukee, WI
- Founding
- 05/1950
- Data as of
- 12/2022
- EIN
- 39-0749512
Organization Overview
Greater Milwaukee Committee For Community Development is located in Milwaukee, WI. The organization was established in 1950. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Greater Milwaukee Committee For Community Development employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Milwaukee Committee For Community Development 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, Greater Milwaukee Committee For Community Development generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 6.0% 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
THE GREATER MILWAUKEE COMMITTEE IS A PRIVATE SECTOR CIVIC ORGANIZATION THAT AIMS TO CONTRIBUTE TO THE CULTURAL AND ECONOMIC BASE OF THE MILWAUKEE AREA. THE ORGANIZATION WAS FORMED IN THE LATE 1940'S. DURING THE PAST 70+ YEARS THE GREATER MILWAUKEE COMMITTEE HAS BEEN AT THE FOREFRONT OF MAJOR PROJECTS THAT PROVIDE LONG-TERM BENEFIT TO THE ECONOMIC AND CULTUAL VITALITY OF THE METROPOLITAN AREA. IT HAS BEEN PARTICULARLY ACTIVE IN THE ARTS, DOWNTOWN REDEVELOPMENT, TRANSPORTATION, HEALTH AND MAJOR BUILDING PROJECTS FOR PROFESSIONAL SPORTS AND OTHER PURPOSES. MORE RECENTLY, GMC HAS INITIATED PROJECTS FOR NEIGHBORHOOD REVITALIZATION AND IMPROVEMENT OF THE EQUALITY OF EDUCATIONAL INSTITUTIONS IN THE COMMUNITY. THE ACTIVE MEMBERS OF GMC SERVE ON VARIOUS COMMITTEES THAT ARE RESPONSIBLE FOR EACH PROJECT. IT IS AN ORGANIZATION IN WHICH MEMBERS ACTIVELY DO THE WORK, WITH THE SUPPORT OF A SMALL STAFF. MOST OF THE TOP LEADERS FROM ALL FIELDS PARTICIPATE IN THE GREATER MILWAUKEE COMMITTEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATION AND TALENT- THIS INITIATIVE IS FOCUSED ON ENHANCING OUR REGION'S TALENT BASE BY CREATING A WELL-EDUCATED WORKFORCE WITH INNOVATIVE SKILLS FOR TODAY AND TOMORROW
ECONOMIC PROSPERITY - THE GMC STRENGTHENS ECONOMIC PROSPERITY BY BRANDING MILWAUKEE AS A CENTER OF INNOVATION AND USING A THEMATIC APPROACH TO ECONOMIC DEVELOPMENT.
VIBRANCY OF PLACE - MILWAUKEE WORKS ACROSS SYSTEMS TO STRENGTHEN NEIGHBORHOODS BY USING METHODS AND TOOLS THAT INCREASE CIVIC ENGAGEMENT, CONNECT ACROSS ECONOMIC DIVIDES, AND ACCELERATE BOTH THE CITY'S AND THE NEIGHBORHOODS' SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory S Marcus Chair | OfficerTrustee | 1 | $0 |
James Popp Treasurer | OfficerTrustee | 1 | $0 |
Cristy Garcia-Thomas Secretary | OfficerTrustee | 1 | $0 |
David A Anderson Board Member | Trustee | 1 | $0 |
Joanne Anton Board Member | Trustee | 1 | $0 |
Daniel J Bader Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,115,430 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,258,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,374,055 |
| Total Program Service Revenue | $71,140 |
| Investment income | $11,195 |
| 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 | $2,456,390 |
| 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. | $339,990 |
| Compensation of current officers, directors, key employees. | $33,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $355,589 |
| Pension plan accruals and contributions | $22,251 |
| Other employee benefits | $46,483 |
| Payroll taxes | $43,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,426 |
| Fees for services: Other | $77,480 |
| Advertising and promotion | $181 |
| Office expenses | $50,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,932 |
| Travel | $913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,476 |
| Insurance | $14,090 |
| All other expenses | $19,452 |
| Total functional expenses | $2,712,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,661,735 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,553 |
| 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 | $13,203 |
| Net Land, buildings, and equipment | $19,449 |
| Investments—publicly traded securities | $600,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $453,591 |
| Total assets | $2,845,531 |
| Accounts payable and accrued expenses | $152,882 |
| Grants payable | $0 |
| Deferred revenue | $7,200 |
| 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 | $1,344,349 |
| Total liabilities | $1,504,431 |
| Net assets without donor restrictions | $560,676 |
| Net assets with donor restrictions | $780,424 |
| 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 | $2,845,531 |