Cream City Foundation Inc

Organization Overview

Cream City Foundation Inc is located in Milwaukee, WI. The organization was established in 1983. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cream City Foundation 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 12/2023, Cream City Foundation Inc generated $218.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $166.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

CREAM CITY FOUNDATION SERVES AS A CATALYST FOR SOCIAL CHANGE ON BEHALF OF LESBIAN, GAY, BISEXUAL, AND TRANSGENDER LGBT COMMUNITIES IN SOUTHEASTERN WISCONSIN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STRATEGIC GRANT MAKING FOCUSING ON ADDRESSING THE ELEVATED PRIORITIES OF EQUITY, HEALTH AND PROSPERITY ECONOMIC JUSTICE, AWARDED 91,500 TO 28 LGBTQ AND ALLIED NONPROFITS WORKING TO ADDRESS THE OVERALL OPPORTUNISTS FOR LGBTQ PEOPLE IN SE WISCONSIN TO LIVE PROSPEROUS AND FULFILLING LIVES WITH EQUAL ACCESS AND OPPORTUNITY TO PARTICIPATE. LAUNCHED THE LGBTQ SCHOLARHIP PROGRAM TO SUPPORT LGBTQ STUDENTS IN SE WI WITH ACCESS TO POST SECONDARY EDUCATION. RESEARCHED THE NEEDS OF THE SE WI LGTBQ COMMUNITIES POST MARRIAGE EQUALITY CONDUCTING AN ENVIRONMENTAL SCAN OF THE RESEARCH AND NEEDS NATION WIDE TO STATE, WITH 27 COMMUNITIES LEADERS BEING INTERVIEWED FROM 25 ORGANIZATIONS IN SE WI AND MADISON. THE RESULTS OF THE RESEARCH IS BEING USED TO GUIDE FOUNDATION CONVENINGS, FUNDRAISING AND GRANTMAKING. A REPORT TO THE COMMUNITY WAS COMPILED. SIGNATURE EVENTS AND CONVENINGS HAVE BEEN HELD TO RAISE AWARENESS, VISABILITY, AND SUPPORT FOR


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Board, Officers & Key Employees

Name (title)Compensation
Angie Harden
Director
$0
Christopher Tsukichi
Treasurer
$0
Jamie Schounard
Director
$0
Charlie Nash
President
$0
Peter Burgelis
Director
$0
Laura Mayerle
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$57,154
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$163,008
Noncash contributions included in lines 1a–1f $3,394
Total Revenue from Contributions, Gifts, Grants & Similar$220,162
Total Program Service Revenue$0
Investment income $4,922
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,397
Net Income from Fundraising Events -$8,621
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $218,360

Grants Awarded

Over the last fiscal year, Cream City Foundation Inc has awarded $75,000 in support to 2 organizations.

Grant RecipientAmount

DIVERSE & RESILIENT INC

PURPOSE: General Support

$60,000

MILWAUKEE LGBT COMMUNITY CENTER

PURPOSE: Milwaukee Justice Center

$15,000
View Grant Profile

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