GREATER MILWAUKEE COMMITTEE FOR COMMUNITY DEVELOPMENT: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
GREATER MILWAUKEE COMMITTEE FOR COMMUNITY DEVELOPMENT (EIN 39-0749512)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-14
IRS object ID
202433199349301558
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-14T05:47:59-00:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN391977004PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1O'Leary & AnickBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line113400 Bishops Lane Ste 120AddressLine1Txt
CityBrookfieldCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53005ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN390749512EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Greater Milwaukee Committee for Community DevelopmentBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGREABusinessNameControlTxt
Phone4142720588PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1247 Freshwater Way STE 400AddressLine1Txt
CityMilwaukeeCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJoel BrennanPersonNm
Person TitlePresidentPersonTitleTxt
Phone4142720588PhoneNum
Signature2024-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonChristine C DawsPreparerPersonNm
PTINP01790536PTIN
Phone4147740300PhoneNum
Preparation2024-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJoel BrennanPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1247 Freshwater Way STE 400AddressLine1Txt
CityMilwaukeeCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53204ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,095,819GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.gmconline.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1948FormationYr
Legal Domicile StateWILegalDomicileStateCd
Activity Or MissionThe Greater Milwaukee Committee is a private sector civic organization that aims to contribute to the cultural and economic base of the Milwaukee area. Continued on Schedule O.ActivityOrMissionDesc
Voting Members Governing Body25VotingMembersGoverningBodyCnt
Voting Members Independent24VotingMembersIndependentCnt
Total Employee14TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$2,374,055PYContributionsGrantsAmt
CY Contributions Grants$2,432,896CYContributionsGrantsAmt
PY Program Service Revenue$71,140PYProgramServiceRevenueAmt
CY Program Service Revenue$550,413CYProgramServiceRevenueAmt
PY Investment Income$11,195PYInvestmentIncomeAmt
CY Investment Income$61,231CYInvestmentIncomeAmt
CY Other Revenue-$21,819CYOtherRevenueAmt
PY Total Revenue$2,456,390PYTotalRevenueAmt
CY Total Revenue$3,022,721CYTotalRevenueAmt
CY Grants And Similar Paid$90,000CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$807,940PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,579,360CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$77,919CYTotalFundraisingExpenseAmt
PY Other Expenses$1,904,695PYOtherExpensesAmt
CY Other Expenses$1,880,026CYOtherExpensesAmt
PY Total Expenses$2,712,635PYTotalExpensesAmt
CY Total Expenses$3,549,386CYTotalExpensesAmt
PY Revenues Less Expenses-$256,245PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$526,665CYRevenuesLessExpensesAmt
Total Assets BOY$2,845,531TotalAssetsBOYAmt
Total Assets EOY$1,823,500TotalAssetsEOYAmt
Total Liabilities BOY$1,504,431TotalLiabilitiesBOYAmt
Total Liabilities EOY$889,065TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,341,100NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$934,435NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe Greater Milwaukee Committee is a private sector civic organization that aims to contribute to the cultural and economic base of the Milwaukee area. Continued on Schedule O.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$775,000ExpenseAmt
DescOperational Review In 2023, GMC spearheaded efforts to identify opportunities to save money and improve effeciency in the delivery of services by the City of Milwaukee. With the city facing potentially catastrophic service reductions, the GMC engaged an outside consultant to identify options for savings, consolidation of service and other ways to introduce greater efficiency in city government. These efforts were part of a collaborative effort by the civic and public sectors to increase the level of state funding for local government and to enable the local units of government to generate additional local revenue. The efforts were successful and staved off - at least for the time being - dramatic cuts in public safety and other city services.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$722,815ExpenseAmt
Revenue$352,905RevenueAmt
DescInnovation and Talent GMC employs innovative talent development strategies in real-time with educational and corporate partners, linking to regional career options and fostering the creation of an entrepreneurial learning environment with students, coporate partners, and startups.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$507,441ExpenseAmt
Revenue$127,848RevenueAmt
DescEconomic Prosperity GMC is committed to comprehensive innovative solutions that drive inclusive and equitable economic development in Milwaukees businesses, commercial corridors, and neighborhoods. GMC initiatives in the area have been designed to spark systemic change by focusing on macro issues with broad and deep components, changing the culture and conversation within the region.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$492,178TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$2,497,434TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document31IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee14EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members25GoverningBodyVotingMembersCnt
Independent Voting Member24IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1O'Leary & AnickBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4147740300PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line113400 Bishops Lane Suite 120AddressLine1Txt
CityBrookfieldCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53005ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Joel Brennan
President040.00Yes (X)Yes (X)$349,630$0$46,445
Joel Poeschl
Employee040.00$122,818$0$22,433Yes (X)
Margaret Dauss
Employee040.00$101,919$0$30,489Yes (X)
Laura Bolger
Employee040.00$107,640$0$13,885Yes (X)
Heather Pechacek
Employee040.00$107,000$0$6,293Yes (X)
Margaret Kelsey
Chair001.00Yes (X)Yes (X)$0$0$0
Cristy Garcia-Thomas
Secretary001.00Yes (X)Yes (X)$0$0$0
James Popp
Treasurer001.00Yes (X)Yes (X)$0$0$0
David Anderson
Board Member001.00Yes (X)$0$0$0
JoAnne Anton
Board Member001.00Yes (X)$0$0$0
Daniel Bader
Board Member001.00Yes (X)$0$0$0
Elizabeth Brenner
Board Member001.00Yes (X)$0$0$0
Tina Chang
Board Member001.00Yes (X)$0$0$0
John Daniels Jr
Board Member001.00Yes (X)$0$0$0
Ellen Gilligan
Board Member001.00Yes (X)$0$0$0
Cecelia Gore
Board Member001.00Yes (X)$0$0$0
Ted Kellner
Board Member001.00Yes (X)$0$0$0
Mike Lovell
Board Member001.00Yes (X)$0$0$0
David Lubar
Board Member001.00Yes (X)$0$0$0
Gregory Marcus
Board Member001.00Yes (X)$0$0$0
Linda Mellowes
Board Member001.00Yes (X)$0$0$0
Wayne Morgan
Board Member001.00Yes (X)$0$0$0
George Oliver
Board Member001.00Yes (X)$0$0$0
Jonas Prising
Board Member001.00Yes (X)$0$0$0
Mark Sabljak
Board Member001.00Yes (X)$0$0$0
John Schlifske
Board Member001.00Yes (X)$0$0$0
Nancy Sennett
Board Member001.00Yes (X)$0$0$0
Mary Ellen Stanek
Board Member001.00Yes (X)$0$0$0
Gregory Wesley
Board Member001.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$789,007TotalReportableCompFromOrgAmt
Total Other Compensation$119,545TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1247 Freshwater LLCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line19000 W Chester Street No 200AddressLine1Txt
CityMilwaukeeCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53214ZIPCd
FieldValueIRS element (for citing)
ServicesRentServicesDesc
Compensation$117,238CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Membership Dues$1,086,885MembershipDuesAmt
Fundraising$148,066FundraisingAmt
All Other Contributions$1,197,945AllOtherContributionsAmt
Total Contributions$2,432,896TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Innovation Talent$352,905$352,905
Economic Prosperity$127,848$127,848
Meal Charges$69,660$69,660
FieldValueIRS element (for citing)
Total Program Service Revenue$550,413TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$61,231TotalRevenueColumnAmt
Exclusion$61,231ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$51,279FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$148,066ContriRptFundraisingEventAmt
Fundraising Direct Expenses$73,098FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$21,819TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,022,721TotalRevenueColumnAmt
Related Or Exempt Func Income$550,413RelatedOrExemptFuncIncomeAmt
Exclusion$61,231ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$90,000TotalAmt
Program Services$90,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$396,075TotalAmt
Management And General$331,075ManagementAndGeneralAmt
Fundraising$65,000FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$930,269TotalAmt
Program Services$681,344ProgramServicesAmt
Management And General$248,925ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$41,786TotalAmt
Program Services$15,831ProgramServicesAmt
Management And General$25,955ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$120,119TotalAmt
Program Services$56,776ProgramServicesAmt
Management And General$63,343ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$91,111TotalAmt
Program Services$51,484ProgramServicesAmt
Management And General$39,627ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$47,566TotalAmt
Management And General$47,566ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Fees For Services Prof FundraisingFeesForServicesProfFundraising

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$860,069TotalAmt
Program Services$846,119ProgramServicesAmt
Management And General$9,832ManagementAndGeneralAmt
Fundraising$4,118FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$43,701TotalAmt
Program Services$23,432ProgramServicesAmt
Management And General$18,912ManagementAndGeneralAmt
Fundraising$1,357FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$146,969TotalAmt
Program Services$78,805ProgramServicesAmt
Management And General$63,601ManagementAndGeneralAmt
Fundraising$4,563FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$52,343TotalAmt
Program Services$28,067ProgramServicesAmt
Management And General$22,651ManagementAndGeneralAmt
Fundraising$1,625FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$201TotalAmt
Program Services$108ProgramServicesAmt
Management And General$87ManagementAndGeneralAmt
Fundraising$6FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$7,955TotalAmt
Program Services$4,266ProgramServicesAmt
Management And General$3,442ManagementAndGeneralAmt
Fundraising$247FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$20,587TotalAmt
Program Services$11,038ProgramServicesAmt
Management And General$8,909ManagementAndGeneralAmt
Fundraising$640FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Program Expenses$688,950$603,898$85,052
Dues Subscriptions$3,309$1,775$1,432$102
Miscellaneous$8,376$4,491$3,624$261

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,549,386TotalAmt
Program Services$2,497,434ProgramServicesAmt
Management And General$974,033ManagementAndGeneralAmt
Fundraising$77,919FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,661,735BOYAmt
EOY$350,224EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$97,553BOYAmt
EOY$163,635EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$13,203BOYAmt
EOY$6,705EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$179,868LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$165,463LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$19,449BOYAmt
EOY$14,405EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$600,000BOYAmt
EOY$900,000EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$453,591BOYAmt
EOY$388,531EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,845,531BOYAmt
EOY$1,823,500EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$152,882BOYAmt
EOY$210,674EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$7,200BOYAmt
EOY$5,400EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,344,349BOYAmt
EOY$672,991EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,504,431BOYAmt
EOY$889,065EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$560,676BOYAmt
EOY$659,213EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$780,424BOYAmt
EOY$275,222EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,341,100BOYAmt
EOY$934,435EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,845,531BOYAmt
EOY$1,823,500EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$526,665ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$120,000OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,883,844CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,679,910CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,670,970CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,374,055CurrentTaxYearMinus1YearAmt
Current Tax Year$2,432,896CurrentTaxYearAmt
Total$13,041,675TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,883,844CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,679,910CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,670,970CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,374,055CurrentTaxYearMinus1YearAmt
Current Tax Year$2,432,896CurrentTaxYearAmt
Total$13,041,675TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$470,725SubstantialContributorsTotAmt
Public Support Total170$12,570,950PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,188CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,502CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$412CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,195CurrentTaxYearMinus1YearAmt
Current Tax Year$61,231CurrentTaxYearAmt
Total$87,528TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year$51,279CurrentTaxYearAmt
Total$51,279TotalAmt
FieldValueIRS element (for citing)
Total Support$13,180,482TotalSupportAmt
Gross Receipts Rltd Activities$833,663GrossReceiptsRltdActivitiesAmt
Public Support CY1700.95380PublicSupportCY170Pct
Public Support PY1700.99780PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind
Public Support PY5090.99780PublicSupportPY509Pct
Investment Income PY0.22000InvestmentIncomePYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Incl Escrow Custodial Acct LiabfalseInclEscrowCustodialAcctLiabInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,293OtherCostOrOtherBasisAmt
Depreciation$5,293DepreciationAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$174,575OtherCostOrOtherBasisAmt
Depreciation$160,170DepreciationAmt
Book Value$14,405BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$14,405TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc
Financial derivatives and other financial products
Closely-held equity interests

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescRight of Use AssetDesc
Book Value$388,531BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$388,531TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
Federal income taxes
Agency Payable$286,006
Lease Liability$386,985
FieldValueIRS element (for citing)
Total Liability$672,991TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,044,540TotalRevEtcAuditedFinclStmtAmt
Other Revenue$21,819OtherRevenueAmt
Revenue Not Reported$21,819RevenueNotReportedAmt
Revenue Subtotal$3,022,721RevenueSubtotalAmt
Total Revenue Per Form990$3,022,721TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,571,205TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$21,819OtherExpensesIncludedAmt
Expenses Not Reported$21,819ExpensesNotReportedAmt
Expenses Subtotal$3,549,386ExpensesSubtotalAmt
Total Expenses Per Form990$3,549,386TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
XI 2dSpecial Event Expenses
XII 2dSpecial Event Expenses
X 2The Committee has implemented accounting for uncertainty in income taxes in accordance with accounting principles generally accepted in the United States of America. This standard prescribes a recognition threshold and measurement atribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognizing, interest, penalties and disclosures required. The Committee recognizes interest and penalties, if any, related to unrecognized tax liabilities in income tax expense.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event175 AnniversaryEvent1Nm
Gross Receipts Event1$199,345GrossReceiptsEvent1Amt
Charitable Contri Event1$148,066CharitableContriEvent1Amt
Gross Revenue Event1$51,279GrossRevenueEvent1Amt
Food And Beverage Event1$51,279FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$21,819OtherDirectExpensesEvent1Amt
Gross Receipts Total$199,345GrossReceiptsTotalAmt
Charitable Contributions Tot$148,066CharitableContributionsTotAmt
Gross Revenue Total Events$51,279GrossRevenueTotalEventsAmt
Food And Beverage Total Events$51,279FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$21,819OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$73,098DirectExpenseSummaryEventsAmt
Net Income Summary-$21,819NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Greater Milwaukee FoundationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 W Pleasant St 210AddressLine1Txt
CityMilwaukeeCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53212ZIPCd
FieldValueIRS element (for citing)
Recipient EIN396036407RecipientEIN
IRC Section501c3IRCSectionDesc
Cash Grant$90,000CashGrantAmt
Purpose Of GrantAnti-Displacement FundPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Substantiation RequiredYes (true)SubstantiationRequiredInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJoel BrennanPersonNm
TitlePresidentTitleTxt
Base Compensation Filing Org$324,630BaseCompensationFilingOrgAmt
Bonus Filing Organization$25,000BonusFilingOrganizationAmount
Deferred Compensation Flng Org$14,375DeferredCompensationFlngOrgAmt
Nontaxable Benefits Filing Org$32,070NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org$396,075TotalCompensationFilingOrgAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (14 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 4dProgram Service Expenses 492,178, Grants and allocations 0, Revenue 0 Vibrancy of Place GMC plays crucial roles in the design, creation and support of public spaces that increase civic engagement and connect people across economic and social divides, accelerating success for people, neighborhoods, and the city. In 2016 GMC launched MKE United Strategic Action Agenda. MKE United has developed an Anti-Displacement Fund which raises private resources to assist low income homeowners in payment of property taxes in near Downtown neighborhoods, ensuring that increasing property values will not force long-term neighborhood residents to sell their homes. In addition, MKE United is developing the Milwaukee Appraiser Diversity Initiative MADI, which is a collaborative effort to enhance diversity within the real estate appraisal sector in Milwaukee County. Supported by key industry and community leaders, MADI offers education, mentorship, and professional development to aspiring appraisers from underrepresented racial and ethnic groups. MADI is significant due to its multifaceted approach in addressing barriers within the appraisal industry.
Form 990, Part I, Line 1The Organization was formed in the late 1940s. During the past 70 years the Greater Milwaukee Committee has been at the forefront of major projects that provide long-term benefit to the economic and cultural vitality of the metropolitan area. It has been particularly active in the arts, downtown redevelopment, transportation, health and major building projects for professional sports and other purposes. More recently, GMC has initiated projects for neighborhood revitalization and improvement of the equality of educational institutions in the community. The active members of GMC serve on various committees that are responsible for each project. It is an organization in which members actively do the work, with the support of a small staff. Most of the top leaders from all fields participate in the Greater Milwaukee Committee.
Form 990, Part III, Line 1The Organization was formed in the late 1940s. During the past 70 years the Greater Milwaukee Committee has been at the forefront of major projects that provide long-term benefit to the economic and cultural vitality of the metropolitan area. It has been particularly active in the arts, downtown redevelopment, transportation, health and major building projects for professional sports and other purposes. More recently, GMC has initiated projects for neighborhood revitalization and improvement of the equality of educational institutions in the community. The active members of GMC serve on various committees that are responsible for each project. It is an organization in which members actively do the work, with the support of a small staff. Most of the top leaders from all fields participate in the Greater Milwaukee Committee.
Form 990, Part VI, Section A, Line 2The Greater Milwaukee Committee for Community Development membership is comprised of many of the CEO, Presidents, Executive Directors, etc. of the major companies and organizations in the Milwaukee area. As such some individuals serve on each others board of directors. Futher information may be obtained by contacting the organization at 414-272-0588.
Form 990, Part VI, Section A, Line 6Members of the Committee meet annually for the purpose of electing a board of directors, considering reports and transacting such other business as shall properly come before the meeting. All members votes count equally. Members of the Committee may be elected a member of the Committee at any time by a majority vote of the board of directors.
Form 990, Part VI, Section A, Line 7Members of the Committee meet annually for the purpose of electing a board of directors, considering reports and transacting such other business as shall properly come before the meeting. All members votes count equally. Members of the Committee may be elected a member of the Committee at any time by a majority vote of the board of directors.
Form 990, Part VI, Section A, Line 7bMembers of the Committee meet annually for the purpose of electing a board of directors, considering reports and transacting such other business as shall properly come before the meeting. All members votes count equally. Members of the Committee may be elected a member of the Committee at any time by a majority vote of the board of directors.
Form 990, Part VI, Section B, Line 11bA copy of the 990 is given to all members of the executive committee and approval is required by a quorum of the members before the final 990 is filed.
Form 990, Part VI, Section B, Line 12cThe organization requires its board members to complete a conflict of interest questionnaire annually.
Form 990, Part VI, Section B, Line 15aThe Presidents compensation is reviewed by the current an incoming Chair and the amount of the Presidents raises and bonses are determined by input from several members of the executive committee. Each year there is s survey of organizations similar to the committee across the country concerning staffing and executive compensation. The Presidents salary and bonuses are documented and signed by the current Chair and provided to the Director of Operations.
Form 990, Part VI, Section C, Line 19Upon Request
Form 990, Part XII, Line 2The audit review process has not changed from prior years.
Form 990, Part XI, Line 9Other Changes to Net Assets During 2023 it was determined that one of the fiscal agent liability accounts recorded in 2022 shouldnt have been recorded as a fiscal agent. A prior period adjustment of 120,000 has been made to move the fiscal agent liability to net assets.
Form 990, Part IX, Line 11gOther Professional Fees The Committee spearheaded efforts to identify opportunities to save money and improve efficeincy in the delivery of services by the City of Milwaukee. GMC engaged outside consultants to identifiy options for savings, consolidation of services and other ways to introduce greater efficiencies, the costs of these consultants were 775,000 in 2023. The remaining professional fees, 85,069 relates to other consulting services performed in 2023.

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