Near West Side Partners Inc
- Assets
- $3.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Milwaukee, WI
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 47-2708769
Organization Overview
Near West Side Partners Inc is located in Milwaukee, WI. The organization was established in 2015. 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 12/2021, Near West Side Partners Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Near West Side Partners 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, Near West Side Partners Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Near West Side Partners Inc has awarded 26 individual grants totaling $1,081,422. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REVITALIZE AND SUSTAIN THE NEAR WEST SIDE AS A THRIVING BUSINESS AND RESIDENTIAL CORRIDOR THROUGH COLLABORATIVE EFFORTS TO PROMOTE ECONOMIC DEVELOPMENT, IMPROVED HOUSING, UNIFIED NEIGHBORHOOD IDENTITY, BRANDING, AND GREATER SAFETY FOR RESIDENTS AND BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NWSP FOCUSED ON FOUR (4) MAIN AREAS OF ECONOMIC AND COMMUNITY DEVELOPMENT TO INCLUDE: (1) SAFETY, (2) HOUSING, (3) COMMERCIAL CORRIDOR DEVELOPMENT, AND (4) NEIGHBORHOOD IDENTIFYING AND BRANDING. HOUSING HAS BEEN A MAJOR FOCUS FOR NWSP DEVELOPING SEVERAL PROGRAMS INCLUDING THE "LIVE WORK PLAY" PROGRAM PROVIDING HOME OWNERSHIP INCENTIVES FOR THOSE WHO WORK AND WANT TO LIVE IN THE NEIGHBORHOOD. NWSP HAS ALSO PARTNERED WITH MARQUETTE UNIVERSITY AND THE HOUSING AUTHORITY OF THE CITY OF MILWAUKEE TO SECURE AND IMPLEMENT A CHOICE NEIGHBORHOOD TRANSFORMATIONAL PLAN THAT WILL INFORM OUR WORK IN HOUSING IN THE NEAR WEST SIDE. NWSP SEES HOUSING AS THE NEXT PHASE OF IMPROVING THE AREAS OF SAFETY, COMMERCIAL CORRIDOR DEVELOPMENT AND NEIGHBORHOOD IDENTITY.OUR FEATURED PROGRAM TO ASSIST IN THE REVITALIZATION EFFORTS OF THE NEAR WEST SIDE IS PROMOTING ASSETS REDUCING CRIME (PARC). THIS MULTI-YEAR AND MULTI-MILLION PROGRAM SUPPORTS THE EFFORTS OF HIGHLIGHTING COMMUNITY BASED ASSETS PROMOTING ASSETS REDUCING CRIME: PROGRAM FOCUSES ON (1) PROMOTING THE ASSETS OF THE LOCAL COMMUNITY INCLUDING HISTORIC NEIGHBORHOOD BUILDINGS, BUSINESSES, PEOPLE AND EVENTS SUCH AS THE HISTORIC CONCORDIA NEIGHBORHOOD TOUR, THE NEAR WEST SIDE FARMER'S MARKET, HOUSING INCENTIVE STRATEGY CALLED "LIVE, WORK, PLAY" ETC. AND (2) STRATEGIES THAT REDUCES CRIME INCLUDING WORKING WITH THE DISTRICT ATTORNEY IN A UNIQUE PARTNERSHIP TO ADDRESS PLACE AND PEOPLE BASED STRATEGIES, SPONSORING PROGRAMMING LIKE THE NEAR WEST SIDE LANDLORD COMPACT, THE NEAR WEST SIDE PARTNERS SECURITY AMBASSADOR PROGRAM WITH TWO FULL TIME SECURITY AMBASSADORS, THE LIGHTING CHALLENGE PROVIDING FUNDS FOR RESIDENTS TO IMPROVE LIGHTING AND THE NEAR WEST SIDE SURVEILLANCE PROGRAM PROVIDING FUNDING FOR BOTH COMMERCIAL AND RESIDENTIAL PROPERTY OWNERS FOR SURVEILLANCE CAMERAS.IN OTHER AREAS NWSP HAS FOCUSED ON PROVIDING PLATFORMS FOR ART, BUSINESS RECRUITMENT, AND STREETSCAPE PLANNING AS TOOLS FOR ECONOMIC DEVELOPMENT AND GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Stanley Executive Dir. | Officer | 40 | $107,532 |
Rana Altenburg President | OfficerTrustee | 1 | $0 |
David Osswald Secretary | OfficerTrustee | 1 | $0 |
Vincent Lyles Vice President | OfficerTrustee | 1 | $0 |
Jason Tolleson Treasurer | OfficerTrustee | 1 | $0 |
Joe Tesch Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenfire Management Services Llc Construction & Landscaping Of Fat's Tria | 12/30/21 | $231,541 |
Innovative Signs Inc Print, Frame, & Install 2 Murals; Print | 12/30/21 | $165,739 |
Mueller Communications Inc General Publicity & Communications; Webs | 12/30/21 | $130,141 |
Marquette University Promoting Assets Reducing Crime Program | 12/30/21 | $142,275 |
Mingadigm Llc Design & Fabricate Neighborhood Markers, | 12/30/21 | $117,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $877,601 |
| All other contributions, gifts, grants, and similar amounts not included above | $982,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,860,343 |
| Total Program Service Revenue | $503,668 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,384 |
| Net Gain/Loss on Asset Sales | -$347,113 |
| Net Income from Fundraising Events | $11,937 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,063,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $248,477 |
| 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. | $117,834 |
| Compensation of current officers, directors, key employees. | $34,329 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,436 |
| Payroll taxes | $34,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,486 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,182,277 |
| Advertising and promotion | $1,430 |
| Office expenses | $25,804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,137 |
| Travel | $35 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,830 |
| Interest | $18,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,214 |
| Insurance | $11,266 |
| All other expenses | $1,006 |
| Total functional expenses | $2,285,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,987 |
| Savings and temporary cash investments | $437,219 |
| Pledges and grants receivable | $1,866,903 |
| Accounts receivable, net | $93,745 |
| 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 | $9,873 |
| Net Land, buildings, and equipment | $167,904 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $43,693 |
| Other assets | $172,500 |
| Total assets | $3,405,824 |
| Accounts payable and accrued expenses | $114,455 |
| Grants payable | $0 |
| Deferred revenue | $3,289 |
| 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 | $158,856 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,805 |
| Total liabilities | $284,405 |
| Net assets without donor restrictions | $375,217 |
| Net assets with donor restrictions | $2,746,202 |
| 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 | $3,405,824 |
Grants Awarded
Over the last fiscal year, Near West Side Partners Inc has awarded $161,875 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
WIEGAND ENTERPRISES LLC PURPOSE: STOREFRONT IMPROVEMENT GRANT FOR 2708 W WISCONSIN AVE ($45,000) & PARTIAL PAYMENT OF STOREFRONT IMPROVEMENT GRANTS FOR 801-13 AND 817-31 N 27TH ST ($22,500) | $67,500 |
PEDAL MILWAUKEE LLC PURPOSE: PARTIAL PAYMENT OF STOREFRONT IMPROVEMENT GRANT FOR 4227 W VLIET ST | $22,500 |
MAURES DEVELOPMENT GROUP LLC PURPOSE: BCM ARCHITECTURAL SERVICES GRANT FOR 2626 W WELLS ST ($5,000) & PARTIAL PAYMENT OF STOREFRONT IMPROVEMENT GRANT FOR 800 N 27TH ST ($16,875). | $21,875 |
VLIET VENTURES LLC PURPOSE: PARTIAL PAYMENT OF STOREFRONT IMPROVEMENT GRANT FOR 3827 W VLIET ST | $15,000 |
VLIET STREET PARTNERS LLC PURPOSE: PARTIAL PAYMENT OF STOREFRONT IMPROVEMENT GRANT FOR 3730 W VLIET ST. | $15,000 |
Milwaukee, WI PURPOSE: PARTIAL PAYMENT OF STOREFRONT IMPROVEMENT GRANT FOR 2202-10 CLYBOURN ST. | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Near West Side Partners Inc has recieved totaling $1,024,277.
| Awarding Organization | Amount |
|---|---|
Harley Davidson Foundation Inc Milwaukee, WI PURPOSE: PROGRAM SUPPORT | $416,100 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $229,720 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $125,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $125,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: MILWAUKEE MULTI-CULTURAL MURAL PROJECT: WEST FACING MURAL TOUR | $51,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: MILWAUKEE MULTI-CULTURAL MURAL PROJECT: WEST FACING MURAL TOUR | $51,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Mahube-Otwa Community Action Partnership Inc Detroit Lakes, MN | $6,691,451 | $20,228,935 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
Three Rivers Community Action Inc Zumbrota, MN | $34,597,275 | $14,786,149 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |
West Central Wisconsin Community Action Agency Inc Glenwood City, WI | $21,268,900 | $13,007,959 |