German Fest Milwaukee Inc
- Assets
- $1.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 34
- Location
- Menomonee Falls, WI
- Founding
- 08/1981
- Data as of
- 11/2023
- EIN
- 39-1380822
Organization Overview
German Fest Milwaukee Inc is located in Menomonee Falls, WI. The organization was established in 1981. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 11/2023, German Fest Milwaukee Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German Fest Milwaukee Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 11/2023, German Fest Milwaukee Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.6m during the year ending 11/2023. While expenses have increased by 2.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOLD ANNUAL ETHNIC EVENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRINCIPAL PROGRAM ACTIVITY IS THE PRODUCTION OF A GERMAN FESTIVAL TO PROMOTE GERMAN CULTURE, MUSIC, HISTORY, CUSTOMS AND ETHNIC AWARENESS AS WELL AS COMMUNITY INTERACTION. ANNUAL ATTENDANCE IS APPROXIMATELY 75000. THIS EVENT LASTS 3 DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Radue President Fest Director | OfficerTrustee | 10 | $0 |
Peter Nagel Chairman Of The Board | OfficerTrustee | 10 | $0 |
Reinhold Nussbaum Treasurer | OfficerTrustee | 10 | $0 |
Elizabeth Brackmann Corporate Secretary | OfficerTrustee | 10 | $0 |
Curt Bauer Board Member | Trustee | 5 | $0 |
Mark Forster Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,010 |
| Total Program Service Revenue | $1,619,085 |
| Investment income | $1,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,326 |
| 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 | $1,632,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,908 |
| Payroll taxes | $5,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,747 |
| Advertising and promotion | $110,154 |
| Office expenses | $37,765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,241 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,268 |
| Interest | $7,610 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,156 |
| Insurance | $53,575 |
| All other expenses | $169,659 |
| Total functional expenses | $1,591,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,091 |
| Savings and temporary cash investments | $588,923 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,760 |
| 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 | $488,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,933 |
| Total assets | $1,197,965 |
| Accounts payable and accrued expenses | $74,895 |
| 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 | $143,048 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $217,943 |
| Net assets without donor restrictions | $980,022 |
| Net assets with donor restrictions | $0 |
| 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 | $1,197,965 |