Westown Association Of Milwaukee Inc
- Assets
- $177.9k
- Revenue
- $596.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Milwaukee, WI
- Founding
- 04/1989
- Data as of
- 12/2023
- EIN
- 39-1600531
Organization Overview
Westown Association Of Milwaukee Inc is located in Milwaukee, WI. The organization was established in 1989. 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 12/2023, Westown Association Of Milwaukee Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westown Association Of 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 12/2023, Westown Association Of Milwaukee Inc generated $596.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $545.0k during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 9 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
THE ORGANIZATION CHAMPIONS SOCIAL AND ECONOMIC DEVELOPMENT OF THE WESTOWN NEIGHBORHOOD THROUGH SPECIAL EVENT MARKETING, BUSINESS RESOURCES, GROWTH INITIATIVES AND PUBLIC/PRIVATE PARTNERSHIPS THAT IMPROVE THE QUALITY OF LIFE AND VITALITY OF THE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCED WESTOWN AND SURROUNDING NEIGHBORHOOD THROUGH A DIVERSE MIXTURE OF RESIDENTIAL, RETAIL, COMMERCIAL AND ENTERTAINMENT CHOICES. 2023 PROGRAM EVENTS INCLUDE: ST PATRICK'S DAY PARADE, NIGHT MARKET, FARMERS' MARKET AND ANNUAL MEETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marty Brooks Director | Trustee | 2 | $0 |
Bobby Wiltgen Treasurer | OfficerTrustee | 2 | $0 |
Courtney Morris Vice President | OfficerTrustee | 2 | $0 |
John Hennessy Director | Trustee | 2 | $0 |
Mike Kenney Past President | OfficerTrustee | 2 | $0 |
Lisa Kurszewski Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $28,733 |
| Fundraising events | $11,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,028 |
| Noncash contributions included in lines 1a–1f | $30,519 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,011 |
| Total Program Service Revenue | $389,615 |
| Investment income | $211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,619 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $596,768 |
| 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. | $124,400 |
| Compensation of current officers, directors, key employees. | $31,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,360 |
| Payroll taxes | $15,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,256 |
| Advertising and promotion | $0 |
| Office expenses | $12,471 |
| Information technology | $3,548 |
| Royalties | $0 |
| Occupancy | $2,730 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,959 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,460 |
| Insurance | $5,766 |
| All other expenses | $4,096 |
| Total functional expenses | $544,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $120,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,164 |
| 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 | $10,166 |
| Net Land, buildings, and equipment | $10,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,083 |
| Other assets | $0 |
| Total assets | $177,869 |
| Accounts payable and accrued expenses | $9,850 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,850 |
| Net assets without donor restrictions | $168,019 |
| 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 | $177,869 |