Milwaukee Gay Sports Network
- Assets
- $33.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waukesha, WI
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 81-1021791
Organization Overview
Milwaukee Gay Sports Network is located in Waukesha, WI. The organization was established in 2016. According to its NTEE Classification (R26) the organization is classified as: Lesbian & Gay Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Gay Sports Network 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 Gay Sports Network generated $17.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.4%) each year. All expenses for the organization totaled $15.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (38.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MILWAUKEE GAY SPORTS NETWORK (MGSN) IS A NON-PROFIT CORPORATION AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE OF 1986, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. MGSN BELIEVES THAT THE ATHLETIC COMPETITION CAN BUILD INDIVIDUAL DEVELOPMENT WHILE STRENGTHENING THE COMMUNITY, AND THE MGSN'S PURPOSE IS TO PROMOTE ORGANIZED ATHLETIC GROUPS AND ACTIVITIES AMONGST THE LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) COMMUNITY AND THEIR ALLIES IN THE GREATER MILWAUKEE AREA AND BEYOND. THE MGSN SHALL ALSO PROMOTE OR SUPPORT ORGANIZATIONS AND ASSOCIATIONS WORKING TO PROMOTE HEALTH AND WELL-BEING IN THE LGBT COMMUNITY.
Describe the Organization's Program Activity:
Part 3
NO PROGRAM SERVICES IN 2020 DUE TO COVID-19 RESTRICTIONS AND CANCELLATIONS
NO PROGRAM SERVICES IN 2020 DUE TO COVID-19 RESTRICTIONS AND CANCELLATIONS NO FUNDRAISING EVENTS IN 2020 DUE TO COVID-19 RESTRICTIONS AND CANCELLATIONS
NO PROGRAM SERVICES IN 2020 DUE TO COVID-19 RESTRICTIONS AND CANCELLATIONS
NO PROGRAM SERVICES IN 2020 DUE TO COVID-19 RESTRICTIONS AND CANCELLATIONS NO FUNDRAISING EVENTS IN 2020 DUE TO COVID-19 RESTRICTIONS AND CANCELLATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Burney Vice Preside | 5 | $0 | |
Mark Klemme Treasurer | 5 | $0 | |
Jim Lautenbach Secretary | 5 | $0 | |
Peter Nys President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,862 |
| Total Program Service Revenue | $3,458 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $500 |
| Total Revenue | $17,820 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $680 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,767 |
| Total expenses | $15,197 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,565 |
| Other assets | $0 |
| Total assets | $33,565 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,565 |
Grants Awarded
Over the last fiscal year, Milwaukee Gay Sports Network has awarded $195,838 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SSBL | | | $112,537 |
CREAM CITY FOUNDATION | | | $52,000 |
MISC 5000 EACH | | | $31,301 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Milwaukee Gay Sports Network has recieved totaling $13,750.
| Awarding Organization | Amount |
|---|---|
Windhover Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Windhover Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Windhover Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affirmations Community Center Ferndale, MI | $3,605,879 | $1,993,139 |
Outfront Minnesota Community Services St Paul, MN | $706,742 | $1,098,141 |
Gay Elders Of Metro Detroit Ferndale, MI | $224,892 | $863,332 |
Reconciling Ministries Network Chicago, IL | $459,828 | $862,014 |
Gay-Lesbian-Bisexual Transgender Pride-Twin Cities Minneapolis, MN | $408,535 | $897,121 |
Illinois Safe Schools Alliance Chicago, IL | $159,610 | $477,605 |
Lgbt Detroit Detroit, MI | $334,237 | $500,803 |
Outreach Inc Madison, WI | $258,886 | $475,242 |
Project Fierce Chicago Inc Chicago, IL | $0 | $0 |
Outfront Minnesota St Paul, MN | $98,499 | $162,552 |
Fair Wisconsin Education Fund Inc Madison, WI | $197,166 | $223,455 |
Cream City Foundation Inc Milwaukee, WI | $302,867 | $103,870 |