Milwaukee Public Museum Inc
- Assets
- $16.6m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 192
- Location
- Milwaukee, WI
- Founding
- 06/1992
- Data as of
- 08/2023
- EIN
- 39-1723105
Organization Overview
Milwaukee Public Museum Inc is located in Milwaukee, WI. The organization was established in 1992. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Milwaukee Public Museum Inc employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Public Museum 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 08/2023, Milwaukee Public Museum Inc generated $13.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $13.4m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MILWAUKEE PUBLIC MUSEUM INSPIRES CURIOSITY, EXCITES MINDS AND INCREASES THE DESIRE TO PRESERVE AND PROTECT OUR WORLD'S NATURAL AND CULTURAL DIVERSITY THROUGH EXHIBITIONS, EDUCATIONAL PROGRAMS, COLLECTIONS AND RESEARCH.
Describe the Organization's Program Activity:
THE MILWAUKEE PUBLIC MUSEUM, INC. OPERATES A NATURAL HISTORY MUSEUM, WHICH FOCUSES ON EXHIBITS, PUBLIC PROGRAMMING, AND RESEARCH IN THE NATURAL SCIENCES, ANTHROPOLOGY AND HISTORY. THE MILWAUKEE PUBLIC MUSEUM, INC. UNIQUELY AND DIRECTLY ADDRESSES THE THEMES OF BIOLOGICAL AND CULTURAL DIVERSITY AND THEIR INTERRELATIONSHIPS. THE MILWAUKEE PUBLIC MUSEUM, INC. PRESERVES AND CARES FOR ITS COLLECTIONS HELD IN PUBLIC TRUST. THROUGH RESEARCH AND COLLECTIONS, THE MILWAUKEE PUBLIC MUSEUM INC. SEEKS KNOWLEDGE AND UNDERSTANDING OF GLOBAL CHANGE AND DIVERSITY FROM GEOLOGICAL, BIOLOGICAL, CULTURAL, AND HISTORICAL PERSPECTIVES. THROUGH ITS RENOWNED EXHIBITS, ITS PROGRAMS AND ITS PUBLICATIONS, THE MILWAUKEE PUBLIC MUSEUM, INC. INTERPRETS THESE THEMES TO DIVERSE AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Distefano Chairman | OfficerTrustee | 1 | $0 |
Lynn Warner Brengel Vice Chairwoman | OfficerTrustee | 1 | $0 |
John Roberts Vice Chairman | OfficerTrustee | 1 | $0 |
Christine Rundblad Secretary | OfficerTrustee | 1 | $0 |
Joshua Erickson Treasurer | OfficerTrustee | 1 | $0 |
Mary Ellen Pindyck Assistant Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heartland Business Systems Computer Consulting & Software/hardware | 8/30/23 | $204,780 |
Access Direct Marketing Llc Direct Mail | 8/30/23 | $170,274 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $350,884 |
| Related organizations | $0 |
| Government grants | $2,996,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,869,351 |
| Noncash contributions included in lines 1a–1f | $120,199 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,217,117 |
| Total Program Service Revenue | $4,273,162 |
| Investment income | $66,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,612 |
| Net Gain/Loss on Asset Sales | -$1,679 |
| Net Income from Fundraising Events | $251,340 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $141,861 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,067,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $650,000 |
| 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. | $804,065 |
| Compensation of current officers, directors, key employees. | $363,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,656,582 |
| Pension plan accruals and contributions | $371,585 |
| Other employee benefits | $996,727 |
| Payroll taxes | $463,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,376 |
| Fees for services: Accounting | $70,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,891 |
| Fees for services: Other | $397,681 |
| Advertising and promotion | $469,067 |
| Office expenses | $361,951 |
| Information technology | $244,808 |
| Royalties | $43,568 |
| Occupancy | $1,097,977 |
| Travel | $89,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,259 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $814,263 |
| Insurance | $71,631 |
| All other expenses | $0 |
| Total functional expenses | $13,439,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,716,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,023,494 |
| Accounts receivable, net | $174,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $450,000 |
| Inventories for sale or use | $66,835 |
| Prepaid expenses and deferred charges | $101,805 |
| Net Land, buildings, and equipment | $7,535,855 |
| Investments—publicly traded securities | $1,487,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,555,973 |
| Accounts payable and accrued expenses | $984,908 |
| Grants payable | $0 |
| Deferred revenue | $1,361,221 |
| 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 | $3,783,949 |
| Total liabilities | $6,130,078 |
| Net assets without donor restrictions | $8,156,846 |
| Net assets with donor restrictions | $2,269,049 |
| 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 | $16,555,973 |