Historic Milwaukee Inc
- Assets
- $376.8k
- Revenue
- $483.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Milwaukee, WI
- Founding
- 02/1974
- Data as of
- 12/2021
- EIN
- 39-1212338
Organization Overview
Historic Milwaukee Inc is located in Milwaukee, WI. The organization was established in 1974. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Historic Milwaukee Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Milwaukee 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 12/2021, Historic Milwaukee Inc generated $483.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $466.3k during the year ending 12/2021. While expenses have increased by 3.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HISTORIC MILWAUKEE, INC (HMI) IS A PRIVATE, NON-PROFIT EDUCATIONAL ORGANIZATION, FOUNDED IN 1974, WHOSE MISSION IS DEDICATED TO INCREASING AWARENESS OF, AND COMMITMENT TO MILWAUKEE'S HISTORY, ARCHITECTURE, AND THE PRESERVATION OF OUR BUILT ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1974, HISTORIC MILWAUKEE, INC. HAS BEEN DEDICATED TO INCREASING AWARENESS OF AND COMMITMENT TO MILWAUKEE'S HISTORY, ARCHITECTURE, AND THE PRESERVATION OF OUR BUILT ENVIRONMENT. MORE THAN 250 HISTORIC MILWAUKEE, INC. VOLUNTEERS SHARE A LOVE OF HISTORY, MILWAUKEE'S ARCHITECTURAL TREASURES, AND THE FUTURE OF OUR CITY. HISTORIC MILWAUKEE, INC. DRAWS ON ALMOST 50 YEARS OF PROGRAMMING EXPERTISE TO DELIVER ENGAGING AND INFORMATIVE TOURS AND OTHER EDUCATIONAL PROGRAMMING ON MILWAUKEE'S HISTORY AND ARCHITECTURE. OUR TOURS ARE DELIVERED IN A VARIETY OF FORMATS: WALKING TOURS, SPECIALIZED TOURS; STEP-ON TOUR GUIDES FOR COACH BUSES AND STUDENT TOURS. HISTORIC MILWAUKEE, INC. IS THE ONLY NONPROFIT PROVIDER OF THESE EDUCATIONAL AND HISTORIC TOURS IN MILWAUKEE.
THE 39TH ANNUAL SPACES & TRACES WAS HELD MAY 6 TO 16, 2021 AS A VIRTUAL EVENT WITH ONLINE TOURS OF 16 PRIVATE HOMES. 350 PEOPLE ATTENDED PROGRAMS AND/OR TOOK VIRTUAL TOURS AND 209 PEOPLE DOWNLOADED THE FREE BEERLINE TRAIL TOUR APP. 70% SAID THE PROGRAM IMPROVED THEIR PERCEPTION OF HARAMBEE AND RIVERWEST.
THE 11TH ANNUAL DOORS OPEN EVENT WAS HELD AS A HYBRID EVENT FROM SEPT. 25-26, WITH VIRTUAL CONTENT THROUGH OCT. 3. APPROXIMATELY 31,529 SITE VISITS WERE MADE DURING DOORS OPEN AND 39,358 VIRTUAL VISITS WERE CONDUCTED. THREE NEW NEIGHBORHOOD APP TOURS WERE CREATED FOR SILVER CITY, NEAR WEST SIDE, AND VILLARD AVENUE.
OUR LONG STANDING WALKING TOURS EXPLORE MILWAUKEE'S NEIGHBORHOODS, FROM DOWNTOWN TO BAY VIEW, NORTH POINT MANSIONS, AND THE THIRD WARD. IN ADDITION TO IN-PERSON TOURS, WE ALSO ADDED SELF-GUIDED APP TOURS AND A VARIETY OF SELF-GUIDED WALKING AND DRIVING TOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Swadish Kosmatka Executive Dir. | Officer | 40 | $78,621 |
Sarah Greenberg President | OfficerTrustee | 1 | $0 |
Stewart Dempsey Vice President | OfficerTrustee | 1 | $0 |
Tim Cotter Treasurer | OfficerTrustee | 1 | $0 |
Brian Hatzung Secretary | OfficerTrustee | 1 | $0 |
Madeleine Gordon Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $74,213 |
| Fundraising events | $5,524 |
| Related organizations | $0 |
| Government grants | $55,765 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,263 |
| Total Program Service Revenue | $41,052 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $84,214 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $483,109 |
| 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. | $78,621 |
| Compensation of current officers, directors, key employees. | $15,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,314 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,262 |
| Fees for services: Accounting | $6,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,036 |
| Advertising and promotion | $9,210 |
| Office expenses | $35,435 |
| Information technology | $8,204 |
| Royalties | $0 |
| Occupancy | $32,400 |
| Travel | $1,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,943 |
| Insurance | $7,020 |
| All other expenses | $21,743 |
| Total functional expenses | $466,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,732 |
| Savings and temporary cash investments | $63,623 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $128,617 |
| Prepaid expenses and deferred charges | $21,363 |
| Net Land, buildings, and equipment | $20,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,800 |
| Other assets | $0 |
| Total assets | $376,782 |
| Accounts payable and accrued expenses | $31,979 |
| Grants payable | $0 |
| Deferred revenue | $56,837 |
| 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 | $88,816 |
| Net assets without donor restrictions | $270,331 |
| Net assets with donor restrictions | $17,635 |
| 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 | $376,782 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Historic Milwaukee Inc has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Clarence And Pearl Becker Charitable Foundation Milwaukee, WI PURPOSE: GENERAL | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dubuque County Historical Society Dubuque, IA | $42,203,208 | $9,721,079 |
Heritage Mark Foundation East Lansing, MI | $12,066,077 | $372,589 |
Detroit Historical Society Detroit, MI | $8,852,742 | $2,440,000 |
Carriage Town Ministries Flint, MI | $8,458,686 | $3,709,862 |
Minnesota Landmarks St Paul, MN | $7,312,284 | $2,339,984 |
Friends Of The Chicago River Chicago, IL | $1,960,790 | $1,822,157 |
Midwest Art Conservation Center Inc Minneapolis, MN | $2,125,685 | $1,795,271 |
Iowa Railroad Historical Society Boone, IA | $4,623,282 | $1,830,405 |
Landmarks Preservation Council Chicago, IL | $10,408,115 | $1,991,527 |
Historical Society Of Michigan Lansing, MI | $2,060,475 | $1,664,694 |
Michigan State Tr For Railway Pres Inc Owosso, MI | $6,031,068 | $2,296,352 |
Ramsey County Historical Society Inc Saint Paul, MN | $5,355,556 | $1,137,123 |