2024-11-13T11:56:18-06:00 2023-12-31 135565207 KPMG LLP 350 NORTH 5TH ST STE 600 MINNEAPOLIS MN 55401 990 2023-01-01 391983506 HEPBURN BOOTSTRAP FOUNDATION INC HEPB 4142725805 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 YELENA CHESTER ASSISTANT TREASURER 4142725805 2024-11-07 1 1 MONROE J GIERL P01413237 6123055000 2024-11-07 2023 2024-10-15 13:58:12Z X CO GREATER MILWAUKEE FOUNDATION YELENA CHESTER 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 522329 0 X N/A X 2000 WI SEE SCHEDULE O 5 5 0 0 0 0 0 0 0 0 73339 52463 0 0 73339 52463 83600 89100 0 0 0 0 0 0 26977 31312 26977 114912 116077 -41573 -63614 2500601 2657432 1000 0 2499601 2657432 X SEE SCHEDULE O 0 0 89100 89100 0 SEE SCHEDULE OTHE HEPBURN "BOOTSTRAP" 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 JILL AND MAL HEPBURN, AND MEMBERS OF THEIR 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 HEPBURN "BOOTSTRAP" FOUNDATION, INC'S. ARTICLES OF INCORPORATION, HEPBURN "BOOTSTRAP" 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 GREATER MILWAUKEE FOUNDATION AND/OR FOR THE BENEFIT AND/OR PURPOSES OF GREATER MILWAUKEE FOUNDATION ... " 89100 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 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GREATER MILWAUKEE FOUNDATION 4142725805 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 JILL HEPBURN PRESIDENT/SECRETARY 1.00 0.00 X X 0 0 0 MAL HEPBURN VP/TREASURER 1.00 0.00 X X 0 0 0 PATTI DEW DIRECTOR 1.00 0.00 X 0 0 0 JANICE LEVY DIRECTOR 1.00 0.00 X 0 0 0 GEORGE F ROTH DIRECTOR 1.00 0.00 X 0 0 0 ELLEN GILLIGAN ASSISTANT SECRETARY 0.00 40.00 X 0 324970 57748 KEN ROBERTSON ASSISTANT TREASURER 0.00 40.00 X 0 201605 29243 0 526575 86991 0 0 1 0 0 12734 12734 509595 469866 39729 39729 39729 52463 0 0 52463 89100 89100 3406 3406 ADMIN FEES 22944 22944 CUSTODIAL FEES 627 627 116077 89100 0 26977 0 0 36006 95461 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2464595 2561971 0 0 0 0 0 0 0 0 2500601 2657432 0 0 1000 0 0 0 0 0 0 0 0 0 0 0 0 0 1000 0 X 2499601 2657432 0 0 2499601 2657432 2500601 2657432 -63614 221445 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 2499601 273908 89100 26977 2657432 3051635 -437122 83600 31312 2499601 2698888 476377 91600 32030 3051635 2554132 327645 159600 23289 2698888 2387691 322762 133971 22350 2554132 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 CEDARBURG ART MUSEUM & SOCIETY INC W63N675 WASHINGTON AVE CEDARBURG WI 53012 461480670 501(C)(3) 25000 0 UNRESTRICTED USE NEXT DOOR FOUNDATION INC 2545 N 29TH ST MILWAUKEE WI 53210 391162969 501(C)(3) 15000 0 THE TEACHER INCENTIVE PROGRAM PLANNED PARENTHOOD OF WISCONSIN INC 302 N JACKSON ST MILWAUKEE WI 53202 390863391 501(C)(3) 10000 0 UNRESTRICTED USE CREATE WISCONSIN 451 FEW STREET PO BOX 1054 MADISON WI 53703 391763871 501(C)(3) 8000 0 THE BRIDGE THE DIVIDE SCHOLARS 4 0 PART I, LINE 2: THE DIRECTORS OF THE HEPBURN "BOOTSTRAP" FOUNDATION, INC. 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 ASSISTANT SECRETARY 0 324970 0 0 0 0 0 38696 0 19052 0 382718 0 0 KEN ROBERTSON ASSISTANT TREASURER 0 201605 0 0 0 0 0 18720 0 10523 0 230848 0 0 FORM 990, PART VI, SECTION A, LINE 2 JILL HEPBURN (PRESIDENT) AND MAL HEPBURN (VICE PRESIDENT) RELATIONSHIP: SPOUSES FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED FOR REVIEW TO 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 OF THE GREATER MILWAUKEE FOUNDATION 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 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. GREATER MILWAUKEE FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 396036407 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 8 0 HONKAMP FAMILY FOUNDATION 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 391948390 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 STRATTEC FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 391890894 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 WEST BEND COMMUNITY FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 391971548 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 GREATER MILWAUKEE FOUNDATION HOLDINGS 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 200423761 ADMINISTRATION OR REAL PROPERTY FOR THE BENEFIT OF GREATER MILWAUKEE FDN WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 OCONOMOWOC AREA FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 753266194 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 GREATER CEDARBURG FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 392008146 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0