30th Street Industrial Corridor Corporation Inc
- Assets
- $444.9k
- Revenue
- $284.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Milwaukee, WI
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 39-1707616
Organization Overview
30th Street Industrial Corridor Corporation Inc is located in Milwaukee, WI. The organization was established in 1998. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, 30th Street Industrial Corridor Corporation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 30th Street Industrial Corridor Corporation 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, 30th Street Industrial Corridor Corporation Inc generated $284.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $202.6k during the year ending 12/2021. While expenses have increased by 5.7% 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
ECONOMIC DEVELOPMENT OF THE 30TH STREET INDUSTRIAL CORRIDOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE ECONOMIC DEVELOPMENT OF NEIGHBORHOOD LANDS WITHIN THE 30TH STREET INDUSTRIAL CORRIDOR IN MILWAUKEE, WI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Blue Executive Director | Officer | 40 | $75,000 |
Dr Keenan Grenell President | OfficerTrustee | 1 | $0 |
Chris Boston Vice President | OfficerTrustee | 1 | $0 |
Willie Smith Treasurer | OfficerTrustee | 1 | $0 |
Ashanti Hamilton Director | Trustee | 1 | $0 |
David Duppee Director | Trustee | 1 | $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 | $84,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,637 |
| Total Program Service Revenue | $199,521 |
| Investment income | $214 |
| 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 | $284,551 |
| 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. | $87,982 |
| Compensation of current officers, directors, key employees. | $11,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,316 |
| Payroll taxes | $9,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,669 |
| Advertising and promotion | $789 |
| Office expenses | $967 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,584 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $654 |
| Interest | $214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,841 |
| Insurance | $2,803 |
| All other expenses | $103 |
| Total functional expenses | $202,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,244 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,834 |
| 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 | $231,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,300 |
| Total assets | $444,850 |
| Accounts payable and accrued expenses | $12,394 |
| 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 | $200,000 |
| Other liabilities | $0 |
| Total liabilities | $212,394 |
| Net assets without donor restrictions | $0 |
| 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 | $232,456 |
| Total liabilities and net assets/fund balances | $444,850 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that 30th Street Industrial Corridor Corporation Inc has recieved totaling $160,000.
| Awarding Organization | Amount |
|---|---|
Rails To Trails Conservancy Washington, DC PURPOSE: TRAIL DEVELOPMENT | $60,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: OPERATING SUPPORT | $50,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: OPERATING SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midway Airlines Terminal Consortium Chicago, IL | $5,016,144 | $16,801,841 |
Initiative Foundation Little Falls, MN | $95,633,483 | $21,753,358 |
Automation Alley Troy, MI | $10,050,141 | $14,162,417 |
Southwest Initiative Foundation Hutchinson, MN | $108,678,960 | $12,722,630 |
Julie Inc Joliet, IL | $17,181,914 | $10,586,687 |
International Accreditation Service Inc Country Club Hills, IL | $30,369,423 | $13,023,651 |
International Automotive Oversight Bureau Southfield, MI | $23,323,319 | $7,456,066 |
Better Business Bureau Of Chicago And Northern Illinois Inc Chicago, IL | $9,345,951 | $7,242,725 |
Somercor 504 Inc Chicago, IL | $3,029,721 | $5,498,037 |
Midwest Minnesota Community Development Corporation Detroit Lakes, MN | $81,373,559 | $8,284,111 |
Chicago Minority Supplier Development Council Inc Chicago, IL | $1,146,742 | $3,861,380 |
The International Joint Commission On Allied Health Personnel In Opht St Paul, MN | $4,513,334 | $4,493,708 |