2024-04-23T12:48:56-05:00 2023-06-30 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR RD SUITE 302 MILWAUKEE WI 532263255 990 2022-07-01 930828687 MILWAUKEE DEVELOPMENT CORPORATION MILW 4142874126 275 W WISCONSIN AVE 220 MILWAUKEE WI 53203 CRAIG KAMMHOLZ TREASURER 4142874126 2024-04-23 1 CRAIG KAMMHOLZ 999009999 1 CARRIE GINDT P00997435 4142717800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK O'BRIEN 275 W WISCONSIN AVE 220 MILWAUKEE WI 53203 22206855 0 X NONE X 2003 WI REGIONAL ECONOMIC DEVELOPMENT 14 11 7 11 0 0 22750669 21525250 206343 207093 114318 83728 147713 90736 23219043 21906807 18162515 20322500 0 0 919007 1052449 0 0 0 8233659 501602 27315181 21876551 -4096138 30256 4444230 4666006 20711 95080 4423519 4570926 X -INSTIGATE, IMPLEMENT, PARTICIPATE IN AND PROMOTE SUCH ACTIVITIES AS SHALL, IN THE JUDGMENT OF MDC, TEND TO SUPPORT THE GENERAL COMMUNITY INTEREST IN A STRONG, VITAL, AESTHETICALLY EXCITING AND ECONOMICALLY VIABLE GREATER MILWAUKEE COMMUNITY.-DEVELOP FOR COMMUNITY CONSIDERATION SUCH STUDIES, SURVEYS AND PLANS AS MAY BE NECESSARY FOR CONSIDERATION OF ALTERNATIVE LAND AND SPACE USE FOR BUSINESS, RESIDENTIAL AND RECREATION ACTIVITIES.-ENCOURAGE, SUPPORT AND PARTICIPATE IN COOPERATIVE PLANNING AND INVESTMENT EFFORTS OF GOVERNMENT AGENCIES, ACADEMIC INSTITUTIONS AND PRIVATE ENTERPRISE IN A STRONG GREATER MILWAUKEE COMMUNITY. 0 0 21494507 20322500 207093 PROMOTED ECONOMIC DEVELOPMENT THROUGH CATALYTIC REAL ESTATE DEVELOPMENTS AND REGIONAL BUSINESS RETENTION, EXPANSION AND ATTRACTION WORKING IN PARTNERSHIP WITH BOTH PUBLIC AND PRIVATE LIKE-MINDED ORGANIZATIONS. 21494507 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 11 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 1 1 0 WI X CRAIG KAMMHOLZ 4142874100 275 W WISCONSIN AVE SUITE 220 MILWAUKEE WI 53203 JOHN KISSINGER DIRECTOR 1.00 X 0 0 0 MICHAEL HATCH DIRECTOR 1.00 X 0 0 0 ERICA-NICOLE HARRIS DIRECTOR 1.00 X 0 0 0 ROLANDO RODRIGUEZ DIRECTOR 1.00 X 0 0 0 TIMOTHY SHEEHY SECRETARY 1.00 40.00 X X 0 495009 40238 FRANK J KREJCI CO-CHAIR 1.00 X X 0 0 0 D PATRICK O'BRIEN PRESIDENT 40.00 X X 253002 0 38004 STEVE CHERNOF CO-CHAIR 1.00 X X 0 0 0 CRAIG KAMMHOLZ TREASURER 1.00 40.00 X X 0 174228 43900 BARRY MANDEL DIRECTOR 1.00 X 0 0 0 STEPHEN MCGUIRE DIRECTOR 1.00 X 0 0 0 BOB HILLIS DIRECTOR 1.00 X 0 0 0 DAVID STEARNS DIRECTOR 1.00 X 0 0 0 RICH TENNESSEN DIRECTOR 1.00 X 0 0 0 DALE KOOYENGA OFFICER 1.00 X X 0 0 0 JAMES PAETSCH VICE PRESIDENT (FORMER) 40.00 X 178233 0 10106 431235 669237 132248 2 0 1 0 0 20716500 808750 21525250 SERVICE TO MUSIC 900099 121843 121843 KENILWORTH - ECONOMIC DEVELOPMENT 900099 85250 85250 207093 101790 101790 281986 300048 -18062 -18062 -18062 MISC. INCOME 900099 90736 90736 90736 21906807 207093 0 174464 20322500 20322500 552357 441885 110472 346334 277067 69267 29330 23464 5866 68836 55069 13767 55592 44474 11118 81517 81517 19975 9588 10387 4263 4263 5351 5351 3118 2486 632 74923 33937 40986 35 35 50670 40536 10134 15282 12226 3056 1338 1070 268 ECONOMIC DEVELOPMENT EX 242025 227721 14304 DUES AND SUBSCRIPTIONS 3105 2484 621 21876551 21494507 382044 0 110315 41506 2837858 776984 31250 0 5000 48750 1200000 1663 6614 76410 59532 32160 16878 1415984 1540274 10000 1035000 4444230 4666006 10711 85080 10000 10000 20711 95080 X 3273183 3737522 1150336 833404 4423519 4570926 4444230 4666006 30256 117151 0 X X 0 1 X 1 0 X X 1 METROPOLITAN MILWAUKEE ASSOCIATION OF COMMERCE 390475230 10 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, LINE 3B THE ORGANIZATION HAD OBTAINED THE SUPPORTING ORGANIZATION'S IRS DETERMINATION LETTER. THE ORGANIZATION ALSO ENSURES THE SUPPORTING ORGANIZATION SATISFIES THE PUBLIC SUPPORT TESTS BY OBTAINING A COPY OF THE SUPPORTING ORGANIZATION'S FORM 990. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30791 18474 12317 45619 41058 4561 16878 RESTRICTED CASH DEPOSITS 10000 OPTION TO PURCHASE 1025000 1035000 FUNDS HELD FOR OTHERS 10000 10000 X 22019695 117151 117151 21902544 4263 4263 21906807 21872288 0 21872288 4263 4263 21876551 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A). IN A PRIOR YEAR THE ORGANIZATION REQUESTED AND WAS GRANTED A REDETERMINATION OF ITS TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE. SINCE NOVEMBER 16, 2006 THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. SPECIFICALLY, THE ORGANIZATION HAS BEEN DETERMINED TO BE A TYPE I SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3). A TYPE I SUPPORTING ORGANIZATION IS OPERATED, SUPERVISED, OR CONTROLLED BY ONE OR MORE PUBLICLY SUPPORTED ORGANIZATIONS. IN THIS CASE, THE SUPPORTED ORGANIZATION IS THE METROPOLITAN MILWAUKEE ASSOCIATION OF COMMERCE. NONE OF THE ORGANIZATION'S CURRENT ACTIVITIES ARE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. 1 MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION 757 N BROADWAY 600 MILWAUKEE WI 53202 237129398 501(C)3 20322500 0 CASH TO SUPPORT SMALL BUSINESSES RECOVERING FROM COVID-19 PANDEMIC 1 1 PART I, LINE 2: MDC REQUIRES RECEIPT OF A NARRATIVE OF ACTIVITIES THAT ARE PROVIDED TO SMALL BUSINESSES FOR EACH DRAW REQUEST FROM MEDC AND THIS NARRATIVE IS RECEIVED AND REVIEWED BY SOMEONE WITH KNOWLEDGE OF THE PROGRAM. SUBRECIPIENT AGREEMENTS ARE REVIEWED AND APPROVED BY KNOWLEDGEABLE SUPERVISORS TO ENSURE ALL COMPLIANCE REQUIREMENTS ARE CAPTURED, THAT INFORMATION IS CONSISTENT BETWEEN PASS-THROUGH ENTITY RECORDS AND THE SUBAWARD, AND THAT ALL REQUIRED ELEMENTS ARE INCLUDED. X 1 1 X X X X 0 0 0 1 0 0 0 0 0 TIMOTHY SHEEHY SECRETARY 0 495009 0 0 0 0 0 17250 0 22988 0 535247 0 0 D PATRICK O'BRIEN PRESIDENT 253002 0 0 0 0 0 15075 0 22929 0 291006 0 0 0 CRAIG KAMMHOLZ TREASURER 0 174228 0 0 0 0 0 10091 0 33809 0 218128 0 0 JAMES PAETSCH VICE PRESIDENT (FORMER) 178233 0 0 0 0 0 9155 0 951 0 188339 0 0 0 PART I, LINE 5 BONUSES PAID BASED ON CERTAIN PROGRAM REVENUES. FOLEY & LARDNER LLP MICHAEL HATCH (DIRECTOR) IS A MINORTY SHARE PARTNER AT FOLEY & LARDNER LLP 84269 LEGAL SERVICES 0 FORM 990, PART VI, SECTION B, LINE 11B A KEY MEMBER OF THE ORGANIZATION'S MANAGEMENT REVIEWS THE 990. FORM 990, PART VI, SECTION B, LINE 12C OUR CONFLICT OF INTEREST POLICY REQUIRES OFFICERS, DIRECTORS AND EMPLOYEES TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST WHENEVER AND AS SOON AS THEY ARISE AND REFRAIN FROM DISCUSSION AND VOTING ON ANY MATTERS THAT PERTAIN. ANY PROPOSED TRANSACTION OUTSIDE THE NORMAL CONDUCT OF BUSINESS IS REVIEWED BY STAFF TO ENSURE THERE IS NO CONFLICT OF INTEREST WITH AN OFFICER, DIRECTOR OR EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE FOR THE PRESIDENT OF MDC INCLUDES THE MMAC PRESIDENT AND THE CHAIR OF MDC. THE REVIEW INCLUDES A WRITTEN EVALUATION OF ACCOMPLISHMENTS AGAINST GOALS FOR THE PAST YEAR AND COMPARABLE SALARY AND BENEFIT DATA FROM OTHER ECONOMIC DEVELOPMENT ORGANIZATIONS IN THE US. THE MMAC PRESIDENT PREPARES A WRITTEN DECISION, WHICH IS APPROVED BY THE MDC CHAIR. THE COMPENSATION FOR THE VICE PRESIDENT IS DETERMINED BY THE MMAC AND MDC PRESIDENTS, USING THE SAME PROCESS. FORM 990, PART VI, SECTION C, LINE 19 IF THE PUBLIC MAKES A REQUEST, THE ORGANIZATION WILL PROVIDE COPIES OF THE ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990. FORM 990 PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM LAST YEAR. METROPOLITAN MILWAUKEE ASSOCIATION OF COMMERCE 756 N MILWAUKEE ST MILWAUKEE WI 53202 390475230 ADVOCATE FOR BUSINESS IN THE METROPOLITAN MILWAUKEE AREA WI 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 METROPOLITAN MILWAUKEE ASSOCIATION OF COMMERCE N 204933 ALLOCATED COST