2023-02-24T08:47:14-06:00 2022-06-30 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR RD SUITE 302 MILWAUKEE WI 532263255 990 2021-07-01 391590212 CITY FORWARD COLLECTIVE INC CITY 4149885359 700 W VIRGINIA STREET 610 MILWAUKEE WI 53204 JOSEPH GESSNER TREASURER 4149885359 2023-02-08 1 JOSEPH GESSNER 999009999 PATRICK HOFFERT P00979243 4142717800 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JOSEPH GESSNER 700 W VIRGINIA STREET 610 MILWAUKEE WI 53204 2954170 0 X WWW.CITYFORWARDCOLLECTIVE.ORG X 1992 WI CITY FORWARD COLLECTIVE'S (CFC) MISSION IS TO SECURE THE FUTURE OF MILWAUKEE AND ITS INSTITUTIONS, ECONOMY, AND QUALITY OF LIFE BY ENDING EDUCATIONAL INEQUITY AND ENSURING EVERY CHILD HAS THE OPPORTUNITY TO ATTEND A HIGH-QUALITY SCHOOL. 18 18 15 18 0 0 2396648 1922332 727527 184510 255333 105027 377 1026 3379885 2212895 1255096 445787 0 0 1419340 1153352 0 0 223894 1090929 1283098 3765365 2882237 -385480 -669342 7778334 6717920 100253 78441 7678081 6639479 CFC'S MISSION IS TO SECURE THE FUTURE OF MILWAUKEE AND ITS INSTITUTIONS, ECONOMY, AND QUALITY OF LIFE BY ENDING EDUCATIONAL INEQUITY AND ENSURING EVERY CHILD HAS THE OPPORTUNITY TO ATTEND A HIGH-QUALITY SCHOOL. 0 0 513950 220787 51969 HIGH-QUALITY SCHOOLS - STRATEGICALLY INVEST AND CHANNEL PHILANTHROPIC DOLLARS TO EXPAND EXISTING HIGH-QUALITY SCHOOLS, INCUBATE NEW SCHOOLS, AND IMPROVE PROMISING SCHOOLS. IN 2021 THIS ALSO INCLUDED PROVIDING GRANTS AND ADDITIONAL RESOURCES AND SUPPORT TO SCHOOLS TO ASSIST WITH COVID-19 RESPONSE. 763761 0 FAMILY AND COMMUNITY ORGANIZING AND COMMUNITY-INFORMED POLICY - FACILITATE SUSTAINED FAMILY AND COMMUNITY ORGANIZING TO BUILD A MOVEMENT OF MILWAUKEE PARENTS AND OTHER RESIDENTS WHO UNDERSTAND AND ADVOCATE FOR QUALITY SCHOOLS ACROSS MILWAUKEE. ADVOCATE FOR LOCAL AND STATE POLICIES AND SYSTEMS THAT ELIMINATE EDUCATIONAL INEQUITIES AND ENSURE HIGH-QUALITY SCHOOLS THRIVE; MOBILIZE "GRASSROOT" COMMUNITIES AND CREATE COALITIONS WITH "GRASSTOP" LEADERS TO ACHIEVE POSITIVE CHANGE. 1000489 225000 133567 EFFECTIVE AND REPRESENTATIVE TALENT - INCREASE THE NUMBER OF STRONG, CULTURALLY COMPETENT TEACHERS, SCHOOL LEADERS, PRINCIPAL MANAGERS, AND EFFECTIVE SCHOOL GOVERNING BOARD MEMBERS WITH AN EMPHASIS ON BLACK AND BROWN PEOPLE IN THOSE ROLES 2278200 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X X X JOSEPH GESSNER - TREASURER 4149885359 700 W VIRGINIA ST SUITE 610 MILWAUKEE WI 53204 LESLIE DIXON CO-CHAIR 1.00 X X 0 0 0 AUSTIN RAMIREZ CO-CHAIR 1.00 X X 0 0 0 JOSEPH GESSNER TREASURER 1.00 X X 0 0 0 MICHAEL ALDANA DIRECTOR 1.00 X 0 0 0 TIMOTHY SHEEHY DIRECTOR 1.00 X 0 0 0 ROBERT ARZBAECHER DIRECTOR 1.00 X 0 0 0 LAFAYETTE CRUMP DIRECTOR 1.00 X 0 0 0 TANYA HINES DIRECTOR 1.00 X 0 0 0 NANCY HERNANDEZ DIRECTOR 1.00 X 0 0 0 DONALD LAYDEN DIRECTOR 1.00 X 0 0 0 TOMAS CLASEN DIRECTOR 1.00 X 0 0 0 CHRISTIAN EICHMANN DIRECTOR 1.00 X 0 0 0 LINDA MELLOWES DIRECTOR 1.00 X 0 0 0 MARY KELLNER DIRECTOR 1.00 X 0 0 0 MICHELLE NETTLES DIRECTOR 1.00 X 0 0 0 CRAIG SCHMUTZER DIRECTOR 1.00 X 0 0 0 RASHIDA EVANS DIRECTOR 1.00 X 0 0 0 PATRICIA HOBEN EXECUTIVE DIRECTOR 40.00 X 177144 0 23537 MELISSA CAPINEGRO EMPLOYEE 40.00 X 115415 0 24036 MUBEEN KHUMAWALA DIRECTOR OF OPERATIONS 40.00 X 123351 0 8052 COLLESTON MORGAN JR DIRECTOR OF POLICY 40.00 X 129820 0 25575 545730 0 81200 4 0 1 0 0 136538 1785794 1922332 PROGRAM REVENUE 611710 167204 167204 INTEREST 611710 17306 17306 184510 87192 87192 759110 741275 17835 17835 17835 MISCELLANEOUS INCOME 900099 1026 1026 1026 2212895 185536 0 105027 X 445787 445787 196897 129725 37253 29919 796109 524637 150472 121000 93776 61654 17902 14220 66570 43868 12585 10117 2827 2827 28015 28015 18225 18225 1030170 970111 60059 7670 4296 2165 1209 36508 9830 16829 9849 9195 6139 1694 1362 76961 50715 14549 11697 18427 12363 6064 8613 3117 2462 3034 699 461 132 106 14757 9724 2790 2243 DUES & SUBSCRIPTIONS 15809 5773 5898 4138 BAD DEBT EXPENSE 15000 15000 MISCELLANEOUS EXPENSE 222 222 2882237 2278200 380143 223894 287902 244332 2008831 2084970 1076751 554604 69328 35076 1469867 795416 600 6995 700 0 6295 2865655 2996627 7778334 6717920 95127 57807 5126 20634 100253 78441 X 6601330 6031331 1076751 608148 7678081 6639479 7778334 6717920 X -669342 -356491 -12769 X 0 1 X 1 0 X 808710 1345058 2383540 2396648 1922332 8856288 808710 1345058 2383540 2396648 1922332 8856288 2963851 5892437 200511 1670223 159053 255333 105027 2390147 11246435 10425 0.52390 0.49520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6995 700 6295 6295 PAYROLL LIABILITIES 20634 20634 X 1825410 -369260 -369260 2194670 18225 18225 2212895 2864012 0 2864012 18225 18225 2882237 PART X, LINE 2: CFC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. CFC DOES NOT HAVE ANY UNRELATED BUSINESS INCOME TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. CFC RECORDED NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. CFC HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH U.S. GAAP. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE 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 DISCLOSURE REQUIRED. MANAGEMENT OF CFC EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. CFC RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRESENT VALUE ALLOWANCE -12,769. UNREALIZED GAIN ON INVESTMENTS -356,491. 0 ROCKETSHIP 3003 W CLEVELAND AVE MILWAUKEE WI 53215 204040597 501(C)(3) 50000 0 FMV - CASH PROVIDE SUPPORT FOR THEIR TEACHER RECRUITMENT AND RETENTION INITIATIVE ST AUGUSTINE PREPARATORY ACADEMY 439 W HARRISON AVE MILWAUKEE WI 53027 471800734 501(C)(3) 40000 0 FMV - CASH PROVIDE SUPPORT FOR THEIR TEACHER RECRUITMENT AND RETENTION INITIATIVE ST MARCUS LUTHERAN SCHOOL 2215 N PALMER ST MILWAUKEE WI 53212 390850377 501(C)(3) 105800 0 FMV - CASH PROVIDE SUPPORT FOR THE EXPANSION OF THE SCHOOL HMONG AMERICAN PEACE ACADEMY 4601 N 84TH ST MILWAUKEE WI 53225 392041099 501(C)(3) 50000 0 FMV - CASH PROVIDE SUPPORT FOR THEIR TEACHER RECRUITMENT AND RETENTION INITIATIVE MILWAUKEE COLLEGE PREPARATORY SCHOOL 1228 LLOYD ST SUITE 100 MILWAUKEE WI 53205 391881295 501(C)(3) 40000 0 FMV - CASH PROVIDE SUPPORT FOR THEIR TEACHER RECRUITMENT AND RETENTION INITIATIVE NEXT DOOR FOUNDATION 2545 N 29TH ST MILWAUKEE WI 53210 391162969 501(C)(3) 45000 0 FMV - CASH PROVIDE SUPPORT FOR THEIR TEACHER RECRUITMENT AND RETENTION INITIATIVE 6 X 0 0 0 0 0 0 0 0 0 PATRICIA HOBEN EXECUTIVE DIRECTOR 177144 0 0 0 0 0 5321 0 18216 0 200681 0 0 0 COLLESTON MORGAN JR DIRECTOR OF POLICY 129820 0 0 0 0 0 4226 0 21349 0 155395 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B 11 - THE 990 FOR THE ORGANIZATION IS COMPLETED IN CONJUNCTION WITH THE ORGANIZATION'S EXTERNAL AUDITORS. INFORMATION IS PROVIDED BY THE DIRECTOR OF FINANCE AND THE COMPLETED RETURN IS REVIEWED BY THE DIRECTOR OF FINANCE & PRESIDENT/CEO. A DRAFT OF THE 990 IS ALSO SENT TO ALL BOARD MEMBERS FOR THEIR REVIEW WITH A SPECIAL EMPHASIS ON THE REVIEW OF THE FINANCE COMMITTEE AND BOARD OFFICERS. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR REQUESTING AND MONITORING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND DISCLOSURES FOR THE MEMBERS OF THE BOARD. THE PRESIDENT/CEO IS RESPONSIBLE FOR REQUESTING AND MONITORING COMPLIANCE WITH EMPLOYEE DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE SERVES AS THE INITIAL COMPENSATION REVIEW COMMITTEE FOR THE PRESIDENT/CEO SALARY. THIS COMMITTEE REVIEWS COMPARABLE DATA DEVELOPED BY THE DIRECTOR OF FINANCE FOR SIMILAR ORGANIZATIONS. THE FINANCE COMMITTEE THEN RECOMMENDS A RANGE OF COMPENSATION TO THE FULL BOARD. THE FULL BOARD THROUGH THE GOVERNANCE COMMITTEE ESTABLISHES GOALS FOR THE CEO/PRESIDENT AND THEN PARTICIPATES IN THE EVALUATION PROCESS OF ACHIEVEMENT OF GOALS. THIS INFORMATION IS CONSIDERED ALONG WITH OTHER FACTORS IN DETERMINING FINAL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 PUBLIC DISCLOSURE COPIES OF THE 990 ARE AVAILABLE ON CFC'S WEBSITE, ON OTHER WEBSITES SUCH AS GUIDESTAR.ORG, AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND PUBLISHED ON OUR OWN WEBSITE WWW.CITYFORWARDCOLLECTIVE.ORG FORM 990, PART IX, LINE 11G PROGRAM AND PROGRAMATIC SUPPORT SERVICES: PROGRAM SERVICE EXPENSES 970,111. MANAGEMENT AND GENERAL EXPENSES 210. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 970,321. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,220. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,220. STAFF RECRUITMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 49,629. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,629. FORM 990, PART XI, LINE 9: CDFI PRESENT VALUE ALLOWANCE -12,769.