2024-05-14T10:48:41-05:00 2023-06-30 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2022-07-01 853869530 MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC MILW 4142672902 325 W WALNUT STREET MILWAUKEE WI 53212 JOEL NETTESHEIM TREASURER 4142672902 2024-05-13 1 JOEL NETTESHEIM 999009999 0 SOLOMON MARDAKHAEV P01806552 6105653930 2024-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHAD TESSMER 325 W WALNUT STREET MILWAUKEE WI 53212 135060 0 X N/A X 2020 WI THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AND FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF FIRST STAGE MILWAUKEE, INC. AND MILWAUKEE YOUTH SYMPHONY ORCHESTRA, INC. 3 3 0 6 0 0 188721 6077 0 0 63637 128983 0 0 252358 135060 34188 233250 0 0 0 0 40000 0 46069 388450 62368 462638 295618 -210280 -160558 10157496 9914311 82627 0 10074869 9914311 X THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF FIRST STAGE MILWAUKEE, INC. ("FSM"), SO LONG AS FSM IS DESCRIBED IN IRC SECTION 509(A)(1) OR (2), AND MILWAUKEE YOUTH SYMPHONY ORCHESTRA, INC. ("MYSO"), SO LONG AS MYSO IS DESCRIBED IN IRC SECTION 509(A)(1) OR (2); TO ENGAGE IN ACTIVITIES RELATING TO THE AFOREMENTIONED PURPOSES; AND TO INVEST IN, RECEIVE, HOLD, USE AND DISPOSE OF ALL PROPERTY, REAL OR PERSONAL, AS MAY BE NECESSARY OR DESIRABLE TO CARRY INTO EFFECT AFOREMENTIONED PURPOSES.AS PART OF ITS MISSION TO SUPPORT FSM AND MYSO, THE FOUNDATION IS ACTING AS A LEVERAGE LENDER IN A NEW MARKET TAX CREDIT TRANSACTION INVOLVING MILWAUKEE YOUTH ARTS CENTER, INC. AS WELL AS FUNDRAISING AND HOLDING FUNDS WITH DONOR RESTRICTION TO BE USED AS PART OF THE MYAC CAPITAL CAMPAIGN. 0 0 246715 233250 0 OUR PRINCIPAL PROGRAM IS TO PROVIDE CHARITABLE AND EDUCATIONAL SUPPORT TO FIRST STAGE MILWAUKEE, INC. AND MILWAUKEE YOUTH SYMPHONY ORCHESTRA, INC. THROUGH THE MILWAUKEE YOUTH ARTS CENTER VIA THE TERMS OF A CONTRIBUTION AGREEMENT BETWEEN THE PARTIES. 246715 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 WI X CHAD TESSMER 4142672902 325 W WALNUT STREET MILWAUKEE WI 53212 JACK NELSON CHAIR 0.25 X X 0 0 0 KAREN GUY VICE-CHAIR 0.50 X X 0 0 0 MARK GOLDSTEIN SECRETARY 0.50 X X 0 0 0 CHAD TESSMER EXECUTIVE DIRECTOR 10.00 40.00 X 0 54983 0 WILLIAM MORTIMORE PRESIDENT 1.00 5.00 X 0 0 0 JOEL NETTESHEIM TREASURER 0.50 1.00 X 0 0 0 0 54983 0 0 0 0 0 0 6077 6077 128983 128983 135060 0 0 128983 233250 233250 3449 3449 567 567 17567 8783 2635 6149 1330 666 199 465 EVENT EXPENSES 39455 39455 295618 246715 2834 46069 879869 579230 1619792 523561 6269900 6269900 184876 1763 157072 183113 1230863 2358507 10157496 9914311 82627 0 82627 0 X 8344991 8407689 1729878 1506622 10074869 9914311 10157496 9914311 -160558 0 X 0 1 X 1 0 X X X 2 FIRST STAGE MILWAUKEE INC 391634828 10 1 0 0 MILWAUKEE YOUTH SYMPHONY ORCHESTRA INC 390973594 7 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 SCHEDULE A, PART IV, SECTION B, LINE 2: MILWAUKEE YOUTH ARTS CENTER FOUNDATION, INC., WHOSE MEMBERS ARE MILWAUKEE YOUTH SYMPHONY ORCHESTRA, INC. AND FIRST STAGE MILWAUKEE, INC., SUPPORTED THE OPERATION OF THE MILWAUKEE YOUTH ARTS CENTER, INC. THE MEMBERS OF THE MILWAUKEE YOUTH ARTS CENTER, INC. ARE ALSO MEMBERS OF MILWAUKEE YOUTH SYMPHONY ORCHESTRA, INC. AND FIRST STAGE MILWAUKEE, INC. 184876 1763 183113 183113 X 135060 0 135060 0 135060 295618 0 295618 0 295618 PART X, LINE 2: MANAGEMENT DOES NOT BELIEVE THAT THE FOUNDATION HAS ANY SIGNIFICANT UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS, ACCORDINGLY, THEY RECORDED NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN RELATED TO UNCERTAIN TAX POSITIONS. 1 MILWAUKEE YOUTH ARTS CENTER INC 325 W WALNUT STREET MILWAUKEE WI 53212 113665475 501(C)(3) 233250 0 PROGRAM ASSISTANCE 1 0 PART I, LINE 2: THE ORGANIZATION AND MILWAUKEE YOUTH ARTS CENTER, INC. (MYAC) HAVE ENTERED INTO A CONTRIBUTION AGREEMENT WHERE THE ORGANIZATION AGREED TO CONTRIBUTE TO MYAC ANNUALLY, SUBJECT TO THE ORGANIZATION'S BOARD APPROVAL. ONCE APPROVED, MYAC MUST REQUEST PAYMENT FOR THESE FUNDS WITH DETAILED INFORMATION ON HOW FUNDS WILL BE UTILITZED WHICH IS REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBERS OF THE ORGANIZATION ARE FIRST STAGE MILWAUKEE, INC. AND MILWAUKEE YOUTH SYMPHONY ORCHESTRA, INC. FORM 990, PART VI, SECTION A, LINE 7A A THIRD OF OUR BOARD IS ELECTED BY MILWAUKEE YOUTH SYMPHONY ORCHESTRA, INC., A THIRD IS ELECTED BY FIRST STAGE MILWAUKEE, INC., AND A THIRD IS COMPRISED OF INDEPENDENT COMMUNITY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE ON VOTE EACH ON THE FOLLOWING AMENDMENT OF THE ARTICLES OF INCORPORATION OR BYLAWS OF THE CORPORATION; DISSOLUTION OF THE CORPORATION; MERGER OF THE CORPORATION WITH ANOTHER ENTITY; ENTRY BY THE CORPORATION INTO A CONTRACT TO ACQUIRE REAL PROPERTY; AND ENTRY INTO A CONTRACT FOR THE SALE OF ALL OR SUBSTANTIALLY ALL OF THE REAL PROPERTY OWNED BY THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL RECEIVE A COPY OF THE FORM 990 BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF THE ANNUAL MEETING, EACH BOARD MEMBER RECEIVES THE CONFLICT OF INTEREST POLICY AND SIGNS A WRITTEN ACKNOWLEDGEMENT OF THE POLICY. THE BOARD DETERMINES THE LEVEL AT WHICH CONFLICTS EXISTS AND THE LEVEL AT WHICH CONFLICTS ARE REVIEWED. IF A CONFLICT OF INTEREST OCCURS THE BOARD OF DIRECTORS WHICH AUTHORIZES, APPROVES, OR RATIFIES SUCH CONTRACT OR TRANSACTION (1) SUCH RELATIONSHIP OR INTEREST IS DISCLOSED OR KNOWN TO THE BOARD OF DIRECTORS OR COMMITTEE WHICH AUTHORIZES, APPROVES OR RATIFIES THE CONTRACT OR TRANSACTION BY A VOTE OR CONSENT SUFFICIENT FOR THE PURPOSE WITHOUT COUNTING THE VOTES OR CONSENTS OF SUCH INTERESTED DIRECTORS; OR (2) SUCH RELATIONSHIP OR INTEREST IS DISCLOSED OR KNOWN TO THE MEMBERS ENTITLED TO VOTE AND THEY AUTHROIZE, APPROVE OR RATIFY SUCH CONTRACT OR TRANSACTION BY VOTE OR WRITTEN CONSENT; OR (3) THE CONTRACT OR TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION. COMMON OR INTERESTED DIRECTORS MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT A MEETING OF THE BOARD OF DIRECTORS OR COMMITTEE THEREOF WHICH AUTHORIZES, APPROVES, OR RATIFIES SUCH CONTRACT OR TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE BOARD OR MANAGEMENT. MILWAUKEE YOUTH SYMPHONY ORCHESTRA INC 325 W WALNUT STREET MILWAUKEE WI 53212 390973594 TO OFFER THE HIGHEST LEVEL OF TRAINING IN ENSEMBLE MUSICIANSHIP WI 501(C)(3) LINE 7 N/A 0 FIRST STAGE MILWAUKEE INC 325 W WALNUT STREET MILWAUKEE WI 53212 391634828 EDUCATIONAL YOUTH THEATRE COMPANY WI 501(C)(3) LINE 10 N/A 0 MILWAUKEE YOUTH ARTS CENTER INC 325 W WALNUT STREET MILWAUKEE WI 53212 113665475 EDUCATIONAL YOUTH ARTS CENTER WI 501(C)(3) LINE 12A, I N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0