2024-11-14T05:47:59-00:00 2023-12-31 391977004 O'Leary & Anick 13400 Bishops Lane Ste 120 Brookfield WI 53005 990 2023-01-01 390749512 Greater Milwaukee Committee for Community Development GREA 4142720588 247 Freshwater Way STE 400 Milwaukee WI 53204 Joel Brennan President 4142720588 2024-11-14 true true Christine C Daws P01790536 4147740300 2024-11-14 2023 2024-10-15 13:58:12Z Joel Brennan 247 Freshwater Way STE 400 Milwaukee WI 53204 3095819 false X www.gmconline.org X 1948 WI The 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. 25 24 14 100 0 2374055 2432896 71140 550413 11195 61231 -21819 2456390 3022721 90000 0 807940 1579360 0 77919 1904695 1880026 2712635 3549386 -256245 -526665 2845531 1823500 1504431 889065 1341100 934435 X The 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. false false 775000 Operational 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. 722815 352905 Innovation 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. 507441 127848 Economic 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. 492178 2497434 true true false false false false false false false false true false false true true true true false false false false false false false true false false true false true false false false false false false false false false false false false false false false false false true 31 0 true 14 true false false false false false false false false false false false false X 25 24 true false false false true true true true true false false true true true true true true true false false WI X O'Leary & Anick 4147740300 13400 Bishops Lane Suite 120 Brookfield WI 53005 Joel Brennan President 040.00 X X 349630 0 46445 Joel Poeschl Employee 040.00 X 122818 0 22433 Margaret Dauss Employee 040.00 X 101919 0 30489 Laura Bolger Employee 040.00 X 107640 0 13885 Heather Pechacek Employee 040.00 X 107000 0 6293 Margaret Kelsey Chair 001.00 X X 0 0 0 Cristy Garcia-Thomas Secretary 001.00 X X 0 0 0 James Popp Treasurer 001.00 X X 0 0 0 David Anderson Board Member 001.00 X 0 0 0 JoAnne Anton Board Member 001.00 X 0 0 0 Daniel Bader Board Member 001.00 X 0 0 0 Elizabeth Brenner Board Member 001.00 X 0 0 0 Tina Chang Board Member 001.00 X 0 0 0 John Daniels Jr Board Member 001.00 X 0 0 0 Ellen Gilligan Board Member 001.00 X 0 0 0 Cecelia Gore Board Member 001.00 X 0 0 0 Ted Kellner Board Member 001.00 X 0 0 0 Mike Lovell Board Member 001.00 X 0 0 0 David Lubar Board Member 001.00 X 0 0 0 Gregory Marcus Board Member 001.00 X 0 0 0 Linda Mellowes Board Member 001.00 X 0 0 0 Wayne Morgan Board Member 001.00 X 0 0 0 George Oliver Board Member 001.00 X 0 0 0 Jonas Prising Board Member 001.00 X 0 0 0 Mark Sabljak Board Member 001.00 X 0 0 0 John Schlifske Board Member 001.00 X 0 0 0 Nancy Sennett Board Member 001.00 X 0 0 0 Mary Ellen Stanek Board Member 001.00 X 0 0 0 Gregory Wesley Board Member 001.00 X 0 0 0 789007 119545 5 false true false 247 Freshwater LLC 9000 W Chester Street No 200 Milwaukee WI 53214 Rent 117238 1 1086885 148066 1197945 2432896 Innovation Talent 352905 352905 Economic Prosperity 127848 127848 Meal Charges 69660 69660 550413 61231 61231 51279 148066 73098 -21819 3022721 550413 61231 X 90000 90000 0 0 0 396075 331075 65000 0 930269 681344 248925 41786 15831 25955 120119 56776 63343 91111 51484 39627 0 0 47566 47566 0 0 860069 846119 9832 4118 0 43701 23432 18912 1357 0 0 146969 78805 63601 4563 0 0 52343 28067 22651 1625 201 108 87 6 0 7955 4266 3442 247 20587 11038 8909 640 Program Expenses 688950 603898 85052 Dues Subscriptions 3309 1775 1432 102 Miscellaneous 8376 4491 3624 261 0 3549386 2497434 974033 77919 1661735 350224 97553 163635 13203 6705 179868 165463 19449 14405 600000 900000 453591 388531 2845531 1823500 152882 210674 7200 5400 1344349 672991 1504431 889065 X 560676 659213 780424 275222 1341100 934435 2845531 1823500 X -526665 120000 X X false true X true false X 2883844 2679910 2670970 2374055 2432896 13041675 2883844 2679910 2670970 2374055 2432896 13041675 470725 12570950 9188 5502 412 11195 61231 87528 51279 51279 13180482 833663 0.95380 0.99780 X 0.99780 0.22000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 5293 5293 174575 160170 14405 14405 Financial derivatives and other financial products Closely-held equity interests Right of Use Asset 388531 388531 Federal income taxes Agency Payable 286006 Lease Liability 386985 672991 X 3044540 21819 21819 3022721 3022721 3571205 21819 21819 3549386 3549386 XI 2d Special Event Expenses XII 2d Special Event Expenses X 2 The 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. 75 Anniversary 199345 148066 51279 51279 21819 199345 148066 51279 51279 21819 73098 -21819 true Greater Milwaukee Foundation 101 W Pleasant St 210 Milwaukee WI 53212 396036407 501c3 90000 Anti-Displacement Fund 1 true X false false false false false false false false false Joel Brennan President 324630 25000 14375 32070 396075 Form 990, Part III, Line 4d Program 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 1 The 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 1 The 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 2 The 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 6 Members 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 7 Members 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 7b Members 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 11b A 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 12c The organization requires its board members to complete a conflict of interest questionnaire annually. Form 990, Part VI, Section B, Line 15a The 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 19 Upon Request Form 990, Part XII, Line 2 The audit review process has not changed from prior years. Form 990, Part XI, Line 9 Other 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 11g Other 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.