Milwaukee Center For Independence Foundation Inc
- Assets
- $61.3m
- Revenue
- $49.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-2334925
Organization Overview
Milwaukee Center For Independence Foundation Inc is located in Milwaukee, WI. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Milwaukee Center For Independence 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 12/2021, Milwaukee Center For Independence Foundation Inc generated $49.8m in total revenue. All expenses for the organization totaled $510.8k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT AFFILIATED ENTITIES BY COMMUNICATING MISSION AND BUILDING COMMUNITY RELATIONSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS RESPONSIBLE TO HELP GROW AND SUSTAIN ITS AFFILIATED ORGANIZATIONS FINANCIALLY, AND TO COMMUNICATE THE AGENCY'S MISSION THROUGH SUPPORTIVE RELATIONSHIPS WITH DONORS, FOUNDATIONS, AND CORPORATIONS, AND ORGANIZING AND MOTIVATING GROUPS OF EXECUTIVES, COMMUNITY INFLUENCERS, AND OTHER STAKEHOLDERS TO HELP ACHIEVE AGENCY GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zywicki Teri President/ceo | OfficerTrustee | 1 | $0 |
Fassett Bridget Treasurer | Officer | 1 | $0 |
Fischbach Margaret Secretary | Officer | 1 | $0 |
Betters Bruce Director | Trustee | 1 | $0 |
Linnen John Director | Trustee | 1 | $0 |
Neely Dan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $45,178,276 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,299,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,477,921 |
| Total Program Service Revenue | $0 |
| Investment income | $3,314,984 |
| 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 | $49,792,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $471,967 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $832 |
| 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 | $510,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,251 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $158,652 |
| Accounts receivable, net | $5,103,310 |
| 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 | $55,133,134 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,295,347 |
| 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 | $58,174,048 |
| Net assets with donor restrictions | $3,121,299 |
| 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 | $61,295,347 |
Grants Awarded
Over the last fiscal year, Milwaukee Center For Independence Foundation Inc has awarded $876,924 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: Operational support of various programs | $876,914 |
Milwaukee, WI PURPOSE: Operational support of various programs | $10 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Milwaukee Center For Independence Foundation Inc has recieved totaling $7,948,840.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: A SPECIAL DISTRIBUTION FOR SUSTAINING SUPPORT | $3,943,920 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: A SPECIAL DISTRIBUTION FOR SUSTAINING SUPPORT | $3,943,920 |
Dohmen Company Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $60,000 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI PURPOSE: GENERAL OPERATIONS | $1,000 |
Endowment Analysis
| Beg. Balance | $3,606,835 |
| Earnings | $3,374,689 |
| Net Contributions | $48,151,610 |
| Ending Balance | $55,133,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Give Back Foundation Madison, WI | $36,333,568 | $83,771,815 |
Car Donation Foundation St Louis Park, MN | $12,821,701 | $65,728,159 |
Searle Freedom Trust Madison, WI | $105,094,955 | $12,616,372 |
Bradley Impact Fund Inc Milwaukee, WI | $79,584,497 | $81,442,514 |
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Others First Inc Rochester Hills, MI | $4,306,956 | $11,125,375 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
The Edward Lowe Foundation Cassopolis, MI | $139,490,354 | $14,349,160 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Constellation Fund Minneapolis, MN | $8,581,079 | $5,161,859 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |