Honkamp Family Foundation
- Assets
- $4.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 39-1948390
Organization Overview
Honkamp Family Foundation, operating under the name Co Greater Milwaukee Foundation, is located in Milwaukee, WI. The organization was established in 1999. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co Greater Milwaukee Foundation 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 12/2022, Co Greater Milwaukee Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $289.7k during the year ending 12/2022. While expenses have increased by 46.7% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE HONKAMP FAMILY FOUNDATION WAS FORMED TO OPERATE AS A SUPPORTING ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE TO RECEIVE CONTRIBUTIONS FROM MICHAEL HONKAMP, KEVIN HONKAMP, LYNN BYRNE (ALL 3 ARE HONKAMP FAMILY MEMBERS), AND MEMBERS OF THEIR FAMILIES, AND DISTRIBUTE THEM IN SUPPORT OF GREATER MILWAUKEE FOUNDATION. GREATER MILWAUKEE FOUNDATION IS A PUBLIC CHARITY DESCRIBED IN SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE.AS SET FORTH IN THE HONKAMP FAMILY FOUNDATION'S DECLARATION OF TRUST, "HONKAMP FAMILY FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES...FOR THE EXCLUSIVE BENEFIT OF, GREATER MILWAUKEE FOUNDATION CORPORATION...AND TO SUPPORT ITS RELATED PROGRAMS AND ACTIVITIES CONSISTENT WITH THE GOALS IMPLIED IN ITS MISSION STATEMENT." GREATER MILWAUKEE FOUNDATION'S MISSION IS TO PROMOTE THE BETTERMENT OF THE GREATER MILWAUKEE COMMUNITY AND THE ENHANCEMENT OF THE QUALITY OF LIFE FOR ALL ITS CITIZENS. THE HONKAMP FAMILY FOUNDATION WILL FOCUS ITS GRANTMAKING ON ORGANIZATIONS SUPPORTING JOB SERVICES, COMMUNITY ENHANCEMENT, AND CHILDREN AND YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Honkamp Trustee | Trustee | 1 | $0 |
Lynn Defrancesco-Byrne Trustee | Trustee | 1 | $0 |
Kevin Honkamp Trustee/chair | OfficerTrustee | 1 | $0 |
Michael Honkamp II Trustee/secretary | OfficerTrustee | 1 | $0 |
Gregory Wesley Trustee | Trustee | 1 | $0 |
Ralph Hollmon Trustee | 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 | $990,240 |
| Noncash contributions included in lines 1a–1f | $990,240 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $990,240 |
| Total Program Service Revenue | $0 |
| Investment income | $98,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $145,544 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,234,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $240,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $10,706 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $289,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $923,274 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $3,407,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,484 |
| Total assets | $4,336,976 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $4,336,976 |
| 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 | $4,336,976 |
Grants Awarded
Over the last fiscal year, Honkamp Family Foundation has awarded $240,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR URBAN TEACHING PURPOSE: THE SUMMER SCHOOL TEACHING PROGRAM | $100,000 |
CITY FORWARD COLLECTIVE PURPOSE: SUSTAINING SUPPORT | $15,000 |
MILWAUKEE ACADEMY OF SCIENCE PURPOSE: THE CAPITAL CAMPAIGN | $50,000 |
ROCKETSHIP EDUCATION WISCONSIN INC PURPOSE: THE 2022 ROCKETSHIP MILWAUKEE PUBLIC SCH | $50,000 |
ST MARCUS LUTHERAN CHURCH PURPOSE: THE HARAMBEE CAMPUS MATCHING CAMPAIGN | $25,000 |