2025-04-11T17:18:24-05:00 2023-06-30 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR RD SUITE 302 MILWAUKEE WI 532263255 990 2022-07-01 391740875 MMAC COMMUNITY SUPPORT FOUNDATION INC MMAC 4142874100 275 W WISCONSIN AVENUE 220 MILWAUKEE WI 532033304 CRAIG KAMMHOLZ COO 4142874100 2025-04-09 1 1 CARRIE GINDT P00997435 4142717800 2022 2025-03-06 01:10:19Z X ULICE PAYNE JR 301 W WISCONSIN AVE STE 220 MILWAUKEE WI 53203 25333029 0 X NONE X 1992 WI TO SUPPORT PROJECTS AND ACTIVITIES THAT BENEFIT THE GREATER MILWAUKEE AREA, WITH SPECIAL FOCUS ON EDUCATIONAL ATTAINMENT, WORKFORCE ENHANCEMENT AND ECONOMIC DEVELOPMENT 3 2 0 2 0 0 959509 25085545 0 0 973 247484 0 0 960482 25333029 0 0 0 0 0 0 0 0 0 773219 7739070 773219 7739070 187263 17593959 1367583 19094962 49663 182959 1317920 18912003 X TO SUPPORT PROJECTS AND ACTIVITIES THAT BENEFIT THE GREATER MILWAUKEE AREA, WITH SPECIAL FOCUS ON EDUCATIONAL ATTAINMENT, WORKFORCE ENHANCEMENT AND ECONOMIC DEVELOPMENT 1 0 548886 COLLABORATIVE IS AN INTUITIVE TO IMPROVE HISPANIC VITALITY AND PROSPERITY BY INCREASING HISPANIC EMPLOYMENT LEVELS AND BUILDING ECONOMIC POWER THROUGH ENTREPRENEURIALISM AND INNOVATIONIN MILWAUKEE. THIS INITIATIVE WILL FOCUS ON STRATEGIES TO MOVE WORKING INDIVIDUALS INTO GREATER PAYING, MORE SKILLED POSITIONS; STRATEGIES TO LEVERAGE GROWTH AND STARTUP PROGRAMS, INCUBATORS, REGIONAL CLUSTERS, AND FINANCING OPTIONS TO INCREASE THE NUMBER OF HISPANIC OWNED BUSINESSES; AND INCREASE PARTICIPATION IN THE VOTING ELECTORATE, POSITIONS OF PUBLIC SERVICE AND POLICY INFLUENCE IS FAR BELOW THE LEVEL NECESSARY TO ENSURE THAT OUR VIEWPOINTS ARE HEARD AND INCORPORATED INTO ACTIONS THAT HAVE A DIRECT IMPACT. 1670000 MILWAUKEE 7 INITIATIVE OF METROPOLITAN MILWAUKEE AREA OF COMMERCE AND MILWAUKEE DEVELOPMENTCORPORATION TO CREATE A REGIONAL COOPERATIVE ECONOMIC DEVELOPMENT PLATFORM FOR THE SEVEN COUNTIES OF SOUTHEASTERN WISCONSIN. 5279016 RNC HOST COMMITTEE - THE FOUNDATION WORKED WITH MKE 2024 HOST COMMITTEE INRECEIVING DONATIONS TOWARDS THE REPUBLICAN NATIONAL CONVENTION TO BE HELD IN MILWAUKEE IN 2024. 61506 TEALS PROGRAM - THIS IS A PROGRAM SUPPORTED BY ARGOSY FOUNDATION IN CONJUNCTION WITH THE MICROSOFT FOUNDATION WHERE CODING AND STEM CURRICULUMS ARE BROUGHT INTO AREA HIGH SCHOOLS AND TAUGHT BY SUBJECT MATTER PROFESSIONALS, EMPLOYED IN LOCAL COMPANIES, WHO VOLUNTEER THEIR TIME AND EXPERTISE IN THE CLASSROOM. 67400 REBUILD AND REVITALIZE - THIS PROGRAM WAS THE MILWAUKEE BUSINESS COMMUNITY'S RESPONSE TO PROPERTY DAMAGE THAT OCCURRED DURING THE SOCIAL JUSTICE PROTESTS THAT OCCURRED IN 2020. BUSINESS WHOSE PROPERTY WAS DAMAGED RECEIVED GRANTS TO REPAIR PROPERTY AND/OR REPLACE INVENTORY. THE INITIATIVE ALSO ASSISTED BUSINESSES THAT MAY NOT HAVE BEEN DIRECTLY AFFECTED BUT WERE LOCATED IN IMPACTED AREAS. 73883 COSBE EDUCATION INITIATIVE CONNECTS BUSINESS MEMBERS TO K-12 STUDENTS IN THE REGION. 4464 FEEDING FRONTLINE WORKERS 207253 7705155 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 13 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 0 0 0 WI X CRAIG KAMMHOLZ 4142874100 301 W WISCONSIN AVE STE 220 MILWAUKEE WI 53203 ULICE PAYNE JR PRESIDENT 1.00 X X 0 0 0 AUSTIN RAMIREZ VICE PRESIDENT 1.00 X X 0 0 0 JULIE GRANGER TREASURER/SECRETARY 1.00 X X 0 158671 48103 0 158671 48103 0 0 1 0 MICHAEL BEST & FRIEDRICH LLP 790 N WATER ST STE 2500 MILWAUKEE WI 53202 LEGAL 251708 ABRAZO MULTICULTURAL MARKETING 424 W RAVINE BAYE RD MILWAUKEE WI 53201 ADVERTISING 167253 2 63321 25022224 2018512 25085545 247484 247484 25333029 0 0 247484 6500 6500 RNC HOST COMMITTEE 5279016 5279016 MILWAUKEE 7 1670000 1670000 HISPANIC COMMUNITY COLL 548886 548886 COSBE EDUCATION INITIAT 73883 73883 160785 133370 27415 7739070 7705155 33915 0 619681 41935 6726160 741862 149725 6040 12177142 1367583 19094962 41829 21096 154029 7834 7834 49663 182959 X 79309 355526 1238611 18556477 1317920 18912003 1367583 19094962 17593959 124 0 X X 0 1 X 1 0 X 3145272 4307312 978559 959509 25085545 34476197 3145272 4307312 978559 959509 25085545 34476197 21753420 12722777 3178 2608 1286 973 247484 255529 3516 3516 34735242 197568 0.36630 0.56020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 X 25398205 124 65052 65176 25333029 0 25333029 7804122 65052 65052 7739070 0 7739070 PART IV, LINE 2B: THE FOUNDATION ACTS AS A FISCAL AGENT FOR ONE NONPROFIT ORGANIZATION IN THE CITY OF MILWAUKEE. THE ORGANIZATION PREVIOUSLY WAS A FISCAL AGENT FOR TWO NONPROFIT ORGANIZATIONS BUT THE AGREEMENT FOR ONE EXPIRED 3/17/2023 WHEN THEY RECEIVED THEIR IRS DETERMINATION LETTER. WHEN THAT HAPPENED, $18,249,496 OF THE TOTAL FUNDS HELD WERE TRANSFERRED TO THE RNC HOST COMMITTEE. THE FOUNDATION RECEIVES DONATIONS FOR THE ORGANIZATIONS AND PAYS FOR THE EXPENSES AS THEY ARE DUE. AS OF JUNE 30, 2023, FUNDS IN THE AMOUNT OF $7,834 REMAIN UNSPENT. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED EXEMPT FUNCTION INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. THE FOUNDATION DOES NOT CONSIDER ANY OF ITS SUPPORT AND REVENUES TO BE UNRELATED BUSINESS INCOME AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. 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 DISCLOSURES REQUIRED. MANAGEMENT OF THE FOUNDATION EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. 0 0 0 0 0 0 0 0 0 JULIE GRANGER TREASURER/SECRETARY 0 127192 0 31479 0 0 0 12934 0 35169 0 206774 0 0 X 1 2018512 FAIR MARKET VALUE 0 0 0 PART I LINES 8, 17, 21, AND 22 THE RETURN IS BEING AMENDED DUE TO THE RESTATEMENT OF THE AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDING 6/30/2023. THE AGREEMENT BETWEEN FOUNDATION AND THE 170 FREEDOM MILWAUKEE 2024 HOST COMMITTEE, INC. ("RNC HOST COMMITTEE") EXPIRED WHEN THE RNC HOST COMMITTEE RECEIVED ITS IRS DETERMINATION LETTER ON MARCH 17, 2023. FOUNDATION CONTINUED OPERATING AS THOUGH THE AGREEMENT WAS IN FORCE, HOWEVER IT RECORDED THE RNC HOST COMMITTEE'S CONTRIBUTIONS AND DISTRIBUTIONS ON ITS BALANCE SHEET AS "PASS THROUGH" ITEMS. IN SEPTEMBER 2024, THE RNC HOST COMMITTEE INFORMED FOUNDATION THAT IT WAS CONTINUING TO RECORD CONTRIBUTIONS FROM FOUNDATION AS THEY WERE PRIOR TO MARCH 17, 2023. THE FOUNDATION AGREED TO CONTINUE RECORDING RNC HOST COMMITTEE CONTRIBUTIONS AS REVENUE AND DISTRIBUTIONS AS EXPENSES ON ITS INCOME STATEMENT. ACCORDINGLY, THE FOUNDATION RESTATED ITS RESULTS FOR THE AFFECTED YEAR, RESULTING IN AN INCREASE IN NET ASSETS WITH DONOR RESTRICTIONS OF $18,249,496. THE CHANGES MADE TO THE 990 ARE NOTED BELOW: PART I: - LINE 8 CONTRIBUTIONS AND GRANTS INCREASED BY $8,375,032 - LINE 17 OTHER EXPENSES DECREASED BY $9,874,464 - LINE 21 TOTAL LIABILITIES DECREASED BY $18,249,496 - LINE 22 NET ASSETS INCREASED BY $18,249,496 PART III LINE 4C: THE TOTAL PROGRAM EXPENSES ALLOCATED TO THE RNC HOST COMMITTEE PROGRAM DECREASED BY $9,874,464 DUE TO THE RESTATED CHANGE. PART IV LINE 29: YES, SCHEDULE M DOES NEED TO BE FILED BECAUSE OF THE $2,018,512 WORTH OF STOCK DONATIONS RECEIVED AS PART OF THE RESTATEMENT. PART VIII LINES 1F AND 12: TOTAL CONTRIBUTIONS INCREASED BY $8,375,032 DUE TO THE RESTATED CHANGE. BECAUSE TOTAL CONTRIBUTIONS INCREASED, SO DID TOTAL REVENUE. PART IX LINES 24A AND 25: RNC HOST COMMITTEE EXPENSES DECREASED BY $9,874,464 DUE TO THE CHANGES MADE IN THE RESTATED AUDITED FINANCIAL STATEMENTS. SINCE THIS EXPENSE DECREASED, SO DID TOTAL PROGRAM EXPENSES AND TOTAL EXPENSES ON LINE 25. PART X LINES 3, 4, 21 AND 28: THE BALANCE SHEET WAS AMENDED TO REFLECT THE CHANGES MADE IN THE RESTATED AUDITED FINANCIAL STATEMENTS. THE ORIGINAL BALANCE IN ACCOUNTS RECEIVABLE WAS DETERMINED TO BE PROMISES TO GIVE WHICH HAS BEEN ADJUSTED BY DECREASING LINE 4 BY $25,000 AND INCREASING LINE 3 BY $25,000. THE ESCROW OR CUSTODIAL ACCOUNT LIABILITY BALANCE ON LINE 21 DECREASED BY $9,874,464 DUE TO THE RESTATED CHANGE. THE BALANCE ON LINE 21 REFLECTS THE BALANCE HELD AS A FISCAL AGENT FOR ONE ORGANIZATION. TOTAL NET ASSETS ON LINE 28 INCREASED BY $9,874,464 DUE TO THE INCREASE IN NET INCOME DUE TO THE RESTATED CHANGE IN FUNDS HELD FOR THE RNC. PART XI LINES 1, 2, 3, AND 10: THE RECONCILIATION OF NET ASSETS SECTION CHANGED DUE TO THE CHANGES NOTED IN THE RESTATED AUDITED FINANCIAL STATEMENTS AND THOSE CHANGES ARE REFLECTED IN PARTS VIII, IX, AND X. SCHEDULE A PART II SECTION A LINES 1, 5 AND 6: SINCE TOTAL CONTRIBUTIONS INCREASED BY $8,375,032 FROM THE RESTATED FINANCIAL STATEMENTS, TOTAL CONTRIBUTIONS, DONORS IN EXCESS, AND PUBLIC SUPPORT HAVE BEEN UPDATED. SECTION B LINE 11 FOR TOTAL SUPPORT HAS ALSO BEEN REVISED. SCHEDULE B PART I AND II: AFTER THE CHANGE IN CONTRIBUTIONS INCREASED, THERE WERE A COUPLE OF DONORS WHO MET THE ADJUSTED THRESHOLD FOR BEING REPORTED. ONE DONOR'S DONATION INCREASED BY $5,000,000 AND ANOTHER MET THE FILING THRESHOLD WITH A $2,018,512 NON-CASH DONATION DUE TO THE ADDITIONAL CONTRIBUTIONS FROM THE RESTATEMENT. SCHEDULE D PART IV LINE 2B: THE SUPPLEMENTAL STATEMENT FOR ACTING AS A FISCAL AGENT HAS BEEN UPDATED DUE TO THE RESTATEMENT MENTIONED ABOVE. SCHEDULE M PART I LINE 9: AFTER THE RESTATEMENT OF CONTRIBUTIONS, STOCK DONATIONS TOTALING $2,018,512. FORM 990, PART III, LINE 2 RNC HOST COMMITTEE - THE FOUNDATION WORKED WITH MKE 2024 HOST COMMITTEE IN RECEIVING DONATIONS TOWARDS THE REPUBLICAN NATIONAL CONVENTION TO BE HELD IN MILWAUKEE IN 2024. MILWAUKEE 7 INITIATIVE OF METROPOLITAN MILWAUKEE AREA OF COMMERCE AND MILWAUKEE DEVELOPMENT CORPORATION TO CREATE A REGIONAL COOPERATIVE ECONOMIC DEVELOPMENT PLATFORM FOR THE SEVEN COUNTIES OF SOUTHEASTERN WISCONSIN. COSBE EDUCATION INITIATIVE CONNECTS BUSINESS MEMBERS TO K-12 STUDENTS IN THE REGION. FEEDING FRONTLINE WORKERS FORM 990, PART VI, SECTION B, LINE 11B IT IS SENT TO THE BOARD OF DIRECTORS WHEN AVAILABLE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST WHEN THEY ARISE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. METROPOLITAN MILWAUKEE ASSOCIATION OF COMMERCE 756 NORTH MILWAUKEE STREET MILWAUKEE WI 53202 390475230 ADVOCATE FOR BUSINESS IN THE METROPOLITAN MILWAUKEE AREA WI 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 METROPOLITAN MILWAUKEE ASSOCIATION OF COMMERCE N 0 SHARING OF FACILITIES AND EQUIP METROPOLITAN MILWAUKEE ASSOCIATION OF COMMERCE O 0 SEE ABOVE - EMPLOYEES SHARED ALSO