African American Leadership Alliance - Milwaukee Inc
- Assets
- $577.6k
- Revenue
- $537.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Milwaukee, WI
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 82-5270855
Organization Overview
African American Leadership Alliance - Milwaukee Inc is located in Milwaukee, WI. The organization was established in 2019. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, African American Leadership Alliance - Milwaukee Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African American Leadership Alliance - Milwaukee 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 12/2022, African American Leadership Alliance - Milwaukee Inc generated $537.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $841.5k during the year ending 12/2022. 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
THROUGH BLACK LEADERS, AALAM AIMS TO MAKE MILWAUKEE A GLOBAL DESTINATION WHERE AFRICAN AMERICANS THRIVE AND PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH BLACK LEADERS, AALAM AIMS TO MAKE MILWAUKEE A GLOBAL DESTINATION WHERE AFRICAN AMERICANS THRIVE AND PROSPER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Dunn Board President | OfficerTrustee | 5 | $0 |
Angela Adams Secretary | OfficerTrustee | 5 | $0 |
Kyle Lindberg Treasurer | OfficerTrustee | 5 | $0 |
Michael Morgan Director | Trustee | 1 | $0 |
Kamilah Williams-Kemp Director | Trustee | 1 | $0 |
Walter Lanier President & CEO | Officer | 40 | $126,201 |
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 | $438,998 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,998 |
| Total Program Service Revenue | $93,500 |
| Investment income | $0 |
| 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 | $537,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $126,201 |
| Compensation of current officers, directors, key employees. | $88,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,147 |
| Payroll taxes | $16,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,155 |
| Fees for services: Accounting | $23,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $434,553 |
| Advertising and promotion | $14,132 |
| Office expenses | $20,873 |
| Information technology | $1,382 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,253 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $388 |
| Insurance | $2,072 |
| All other expenses | $1,488 |
| Total functional expenses | $841,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,641 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $16,180 |
| 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 | $18,854 |
| Net Land, buildings, and equipment | $1,940 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $577,615 |
| Accounts payable and accrued expenses | $64,244 |
| 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 | $64,244 |
| Net assets without donor restrictions | $313,371 |
| Net assets with donor restrictions | $200,000 |
| 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 | $577,615 |