2023-11-13T14:35:00-06:00 2022-12-31 135565207 KPMG LLP 90 S 7TH ST STE 4200 MINNEAPOLIS MN 55402 990 2022-01-01 391890894 STRATTEC FOUNDATION INC STRA 4142725805 101 W PLEASANT 210 MILWAUKEE WI 53212 KEN ROBERTSON ASSISTANT TREASURER 4142725805 2023-11-09 1 KEN ROBERTSON 999009999 0 MONROE J GIERL P01413237 6123055000 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEN ROBERTSON 101 W PLEASANT 210 MILWAUKEE WI 53212 536248 0 X N/A X 2001 WI SEE SCHEDULE O 5 5 0 0 0 0 0 0 0 0 177725 55712 0 0 177725 55712 133000 172925 0 0 0 0 0 0 0 26731 25785 159731 198710 17994 -142998 2338423 1805582 0 0 2338423 1805582 X SEE SCHEDULE O 0 0 172925 172925 0 SEE SCHEDULE OTHE STRATTEC FOUNDATION, INC. WAS FORMED TO OPERATE AS A SUPPORTING ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(3) OF THE INTERNAL REVENUE CODE TO RECEIVE CONTRIBUTIONS FROM HAROLD STRATTON II, AND MEMBERS OF HIS FAMILY, AND DISTRIBUTE THEM IN SUPPORT OF THE GREATER MILWAUKEE FOUNDATION. THE GREATER MILWAUKEE FOUNDATION IS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) OF THE INTERNAL REVENUE CODE.AS SET FORTH IN THE STRATTEC FOUNDATION INC.'S ARTICLES OF INCORPORATION, "STRATTEC FOUNDATION, INC. WAS ORGANIZED, AND SHALL AT ALL TIMES BE OPERATED, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, GREATER MILWAUKEE FOUNDATION, A CHARITABLE TRUST ORGANIZED PURSUANT TO THE DECLARATION OF TRUST ... IN FURTHERANCE THEREOF, THE CORPORATION SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR, AND ITS ACTIVITIES SHALL BE LIMITED TO, SUCH RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES AS WILL BENEFIT, CARRY OUT THE PURPOSES AND/OR PERFORM THE FUNCTIONS OF GREATER MILWAUKEE FOUNDATION, INCLUDING AMONG SUCH PURPOSES . . . THE MAKING OF GRANTS AND THE DISBURSEMENT OF FUNDS TO THE GREATER MILWAUKEE FOUNDATION AND/OR FOR THE BENEFIT AND/OR PURPOSES OF THE GREATER MILWAUKEE FOUNDATION." 172925 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 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 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GREATER MILWAUKEE FOUNDATION 4142725805 101 W PLEASANT STE 210 MILWAUKEE WI 53212 FRANK KREJCI PRESIDENT 1.00 0.00 X X 0 0 0 PATRICK J HANSEN VP/TREASURER 1.00 0.00 X X 0 0 0 LINDA MELLOWES DIRECTOR 1.00 0.00 X 0 0 0 BLAINE RIEKE DIRECTOR 1.00 0.00 X 0 0 0 CECELIA GORE DIRECTOR 1.00 0.00 X 0 0 0 KEN ROBERTSON ASSISTANT TREASURER 0.00 40.00 X 0 214320 28654 ELLEN GILLIGAN SECRETARY 0.00 40.00 X 0 335274 67319 0 549594 95973 0 0 1 0 0 15110 15110 521138 480536 40602 40602 40602 55712 0 0 55712 172925 172925 3469 3469 ADMINISTRATIVE FEES 21996 21996 CUSTODIAL FEES 320 320 198710 172925 25785 0 0 0 14138 18045 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2324285 1787537 0 0 0 0 0 0 0 0 2338423 1805582 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2338423 1805582 0 0 2338423 1805582 2338423 1805582 -142998 -389843 0 X 0 1 X 1 0 X X 1 GREATER MILWAUKEE FOUNDATION INC 396036407 8 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 2338423 -334132 172925 25784 1805582 2126171 371983 133000 26731 2338423 1982676 250047 87100 19452 2126171 1868921 241089 109450 17884 1982676 1980541 -25300 67360 18960 1868921 1.00000 0 0 0 X PART V, LINE 4: ALL ENDOWMENT FUNDS ARE INVESTED TO GENERATE A PERMANENT SOURCE OF INCOME. THE INVESTED PRINCIPAL OF THE ENDOWMENT FUNDS CAN BE USED FOR GRANTMAKING AS REQUESTED BY THE DONORS UP TO A MINIMUM BALANCE. THERE ARE NO TIMING RESTRICTIONS ON ANY OF THE ENDOWED ASSETS. PART X, LINE 2: THE FOUNDATION FOLLOWS THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A COMPANY'S FINANCIAL STATEMENTS. ASC TOPIC 740 PRESCRIBES A MORE-LIKELY THAN-NOT RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN. UNDER ASC TOPIC 740, TAX POSITIONS WILL BE EVALUATED FOR RECOGNITION, DERECOGNITION, AND MEASUREMENT USING CONSISTENT CRITERIA AND WILL PROVIDE MORE INFORMATION ABOUT THE UNCERTAINTY IN INCOME TAX ASSETS AND LIABILITIES. THE FOUNDATION DOES NOT HAVE A LIABILITY RECORDED FOR UNRECOGNIZED TAX BENEFITS. 1 DANCEWORKS INC 1661 N WATER ST MILWAUKEE WI 532022085 391734312 501(C)(3) 7925 0 2022 MAD HOT RHYTHM TRANSPORTATION STREET ANGELS MILWAUKEE OUTREACH PO BOX 342435 MILWAUKEE WI 53234 812677198 501(C)(3) 50000 0 NEW VEHICLE UNITED WAY OF GREATER MILWAUKEE & WAUKESHA COUNTY UNITED WAY PLEDGE PROCESSING MILWAUKEE WI 532888988 390806190 501(C)(3) 60000 0 STRATTEC'S 2022 WORKPLACE GIVING CAMPAIGN UNITED PERFORMING ARTS FUND INC 301 W WISCONSIN AVE STE 600 MILWAUKEE WI 532032232 396100399 501(C)(3) 50000 0 2022 STRATTEC WORKPLACE GIVING CAMPAIGN 4 0 PART I, LINE 2: THE DIRECTORS OF THE STRATTEC FOUNDATION ARE VERY FAMILIAR WITH THE GRANTEES AND PREDETERMINE THAT THE GRANTEE AGENCIES ARE QUALIFIED TO RECEIVE GRANT PAYMENTS. IN ADDITION, THE STAFF OF THE GREATER MILWAUKEE FOUNDATION VERIFY THE 501(C)(3) STATUS OF THE AGENCIES AND VERIFY THAT THE AGENCIES FURTHER THE CHARITABLE PURPOSES OF THE GREATER MILWAUKEE FOUNDATION. 1 0 0 0 0 0 0 0 0 0 ELLEN GILLIGAN SECRETARY 0 335274 0 0 0 0 0 49663 0 17656 0 402593 0 0 KEN ROBERTSON ASSISTANT TREASURER 0 214320 0 0 0 0 0 18766 0 9888 0 242974 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD MEMBERS OF THE SUPPORTED ORGANIZATION - GREATER MILWAUKEE FOUNDATION, INC. BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST QUESTIONNAIRES COMPLETED BY ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER OF THE GREATER MILWAUKEE FOUNDATION, INC. - THE SUPPORTED ORGANIZATION, ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SINCE THE FILING ORGANIZATION DOES NOT PAY COMPENSATION, THE FOLLOWING INFORMATION APPLIES TO HOW THE SUPPORTED ORGANIZATION (THE GREATER MILWAUKEE FOUNDATION) OF THE FILING ORGANIZATION DETERMINES COMPENSATION FOR THE PERSONS SERVING AS DIRECTORS AND OFFICERS OF THE FILING ORGANIZATION: THE ADMIN & AUDIT COMMITTEE WILL ANNUALLY REQUEST COMPARABLE COMPENSATION DATA FROM THE GMF VICE PRESIDENT, HUMAN RESOURCES AND ORGANIZATIONAL LEARNING (VP, HROL) FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER (CEO) POSITION AT THE FOUNDATION. THE COMPARABLE COMPENSATION DATA WILL GENERALLY COME FROM SALARY SURVEY DATA PROVIDED BY THE COUNCIL ON FOUNDATIONS AND SPECIFIC COMPARABLES OBTAINED FROM OTHER SURVEYS SUCH AS MRA AND THE NON PROFIT SURVEY CONDUCTED BY MRA, AND GUIDESTAR POSTED 990'S. THE VP, HROL WILL SITE COMPARABLES IN A REPORT AND REFERENCE WHERE DATA WAS OBTAINED. THE ADMIN & AUDIT COMMITTEE WILL REVIEW THE COMPARABLE DATA AND MAKE A RECOMMENDATION TO THE CHAIRMAN OF THE BOARD AND THEN TO THE FULL BOARD FOR ANY CHANGES IN THE CEO'S COMPENSATION, WITHOUT PARTICIPATION OR DISCUSSION WITH THE CEO. THE CEO MAY ANSWER QUESTIONS OF THE BOARD THAT MAY BE USED IN LATER DELIBERATIONS AND DECISION-MAKING. THE BOARD MUST DOCUMENT THE BASIS FOR DETERMINATION OF THE CEO'S SALARY. THE DOCUMENTATION MUST CONTAIN THE DATE AND TERMS OF THE COMPENSATION TRANSACTION, THE MEMBERS PRESENT FOR THE DECISION, AND WHAT COMPARABLE DATA WAS USED FOR THE DECISION. THE ADMIN & AUDIT COMMITTEE WILL BE PROVIDED WITH A TEMPLATE TO THE DOCUMENT PROCESS AND DECISION. THE ADMIN & AUDIT COMMITTEE WILL DRIVE THE PROCESS FOR DECISION-MAKING AND ASSURE THE DOCUMENTATION IS OBTAINED AND RECORDED IN BOTH THE BOARD MINUTES AND THE PERSONNEL FILE OF THE CEO. A SIMILAR PROCESS WILL BE USED FOR OTHER POSITIONS WITHIN THE FOUNDATION. HOWEVER, IT WILL BE THE CEO AND THE VP, HROL CONFERRING ON THESE OTHER POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST, GREATER MILWAUKEE FOUNDATION INC 101 W PLEASANT STE 210 MILWAUKEE WI 53212 396036407 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 8 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0