Civic Intelligence

Bizstarts Milwaukee Inc

EIN 26-1766033 • 501(c)3 • Milwaukee, WI

Profile

Bizstarts milwaukee, inc. Nurtures a more entrepreneurial climate in southeastern wisconsin by educating on the importance and characteristics of entrepreneurship, enabling networking across the entrepreneurial ecosystem, and working directly with entrepreneurs developing from the idea to the investment stage. Bizstarts milwaukee, inc. Accomplishes this purpose through educational activities and programs that link entrepreneurs to a wide range of resources.

161 South First StreetMilwaukee, WI 53204

www.bizstartsmilwaukee.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.16x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.09x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

16th percentile

-19%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$154,006

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

10th percentile

-29%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$464,041

Down $190,011 (-29%) from 2023

Liabilities

Down

$73,883

Down $36,001 (-33%) from 2023

Net Assets

Down

$390,158

Down $154,010 (-28%) from 2023

Revenue

Down

$822,832

Down $174,067 (-17%) from 2023

Expenses

Down

$976,842

Down $8,558 (-0.9%) from 2023

Net Income

Down

-$154,010

Down $165,509 (-1439%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $58,422Liabilities 2011: $0Net Assets 2011: $58,4222011Assets 2012: $4,202Liabilities 2012: $0Net Assets 2012: $4,2022012Assets 2013: $73,389Liabilities 2013: $26,209Net Assets 2013: $47,1802013Assets 2014: $102,552Liabilities 2014: $16,228Net Assets 2014: $86,3242014Assets 2015: $69,364Liabilities 2015: $3,080Net Assets 2015: $66,2842015Assets 2019: $141,393Liabilities 2019: $7,712Net Assets 2019: $133,6812019Assets 2020: $197,440Liabilities 2020: $46,845Net Assets 2020: $150,5952020Assets 2021: $232,658Liabilities 2021: $11,384Net Assets 2021: $221,2742021Assets 2022: $560,621Liabilities 2022: $27,952Net Assets 2022: $532,6692022Assets 2023: $654,052Liabilities 2023: $109,884Net Assets 2023: $544,1682023Assets 2024: $464,041Liabilities 2024: $73,883Net Assets 2024: $390,1582024

Highlighted filing

2024

Assets$464,041
Liabilities$73,883
Net Assets$390,158

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $322,8442011Expenses 2012: $320,4452012Revenue 2013: $337,956Expenses 2013: $342,202Net Income 2013: -$4,2462013Revenue 2014: $367,610Expenses 2014: $328,465Net Income 2014: $39,1452014Revenue 2015: $279,069Expenses 2015: $299,109Net Income 2015: -$20,0402015Revenue 2019: $383,230Expenses 2019: $310,760Net Income 2019: $72,4702019Revenue 2020: $371,324Expenses 2020: $354,410Net Income 2020: $16,9142020Revenue 2021: $454,793Expenses 2021: $384,114Net Income 2021: $70,6792021Revenue 2022: $808,515Expenses 2022: $497,120Net Income 2022: $311,3952022Revenue 2023: $996,899Expenses 2023: $985,400Net Income 2023: $11,4992023Revenue 2024: $822,832Expenses 2024: $976,842Net Income 2024: -$154,0102024

Highlighted filing

2024

Revenue$822,832
Expenses$976,842
Net Income-$154,010

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.2
Gross Receipts
$851,761
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$254,040$183,892▼ $70,148
Land, Buildings, and Equipment, Net$204,050$122,760▼ $81,290
Cash and Non-Interest-Bearing Accounts$46,527$53,955▲ $7,428
Savings and Temporary Cash Investments$71,789$34,113▼ $37,676
Prepaid Expenses and Deferred Charges$7,938$31,706▲ $23,768
Inventories for Sale or Use$4,582$5,751▲ $1,169
Total Assets$654,052$464,041▼ $190,011
Other Assets Total$65,126$31,864▼ $33,262
Liabilities
Accounts Payable and Accrued Expenses$46,947$38,344▼ $8,603
Other Liabilities$62,937$32,539▼ $30,398
Unsecured Notes Loans Payable-$3,000-
Total Liabilities$109,884$73,883▼ $36,001
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$494,168$381,858▼ $112,310
Net Assets With Donor Restrictions$50,000$8,300▼ $41,700
Total Net Assets Fund Balance$544,168$390,158▼ $154,010
Total Liabilities and Net Assets / Fund Balance$654,052$464,041▼ $190,011

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$66,206$82,757$148,963
Equipment$56,554$18,865$75,419
Other Assets Org$31,864--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick Snyder--$140,200$14,006$154,206
Patrick SnyderExecutive Director/presidentFT$140,200$13,806$154,006

Board Members and Trustees

NameTitle
Frank CumberbatchBoard Chair
Ann HannaDirector
Bob WagnerDirector
Carmel RuffoloDirector
Corey HozeDirector
Dan SteiningerDirector
Daniel NelsonDirector
Ed JavierDirector
Emerald MillsDirector
Gillian ChamberlinDirector
Joe MiotkeDirector
Joe PoechelDirector
John McdonaldDirector
John OlinDirector
Kermiath McclendonDirector
Lara LeeDirector
Laura GoughDirector
Maria WattsDirector
Mike WardDirector
Pastor Raymond MonkDirector
Ron SadoffDirector
Roxanne BaumannDirector
Ruben GaonaDirector
Scott BrunnerDirector
Shelton McclureDirector
Thaime NanezDirector
Jasmine MercadoRotated Off Board in 2024
Joel BurrowRotated Off Board in 2024
Mario CortezRotated Off Board in 2024
Heather NillDirectot
Marty ElleryDirectror
Glenn MargraffSecretary
Bill FlemingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$765,570
Program Service Revenue
$0
Investment Income
$1,430
Other Revenue
$55,832
All Other Contributions
$417,113
Change in Net Assets
$-154,010

Audited Revenue Reconciliation

Revenue per Audited Statements
$822,832
Revenue Not Reported on Form 990
$5,000
Total Revenue per Audited Statements
$827,832
Total Revenue per Form 990
$822,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$561,760
Salaries, Compensation, and Employee Benefits$415,082
Total Fundraising Expense$70,422
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$189,486$30,022$12,008$231,516
Fees for Services Other$169,185$11,729$22,323$203,237
Current Officers, Directors, Trustees, and Key Employees$91,130$35,050$14,020$140,200
Depreciation Depletion$81,290$0$0$81,290
Occupancy$50,437$7,500$1,791$59,728
Other Expenses$30,953$7,800$2,359$41,112
Office Expenses$18,969$3,005$7,585$29,559
Payroll Taxes$22,343$5,071$2,029$29,443
Fees for Services Accounting$0$26,970$0$26,970
Conferences and Meetings$18,434$4,853$1,213$24,500
Travel$15,940$4,221$1,055$21,216
Advertising$8,108$1,717$429$10,254
Other Employee Benefits$6,240$2,400$960$9,600
Insurance$0$4,845$0$4,845
Pension Plan Contributions$3,242$865$216$4,323
Information Technology$2,961$788$197$3,946
Fees for Services Legal$0$2,113$0$2,113
Total Functional Expenses$749,193$157,227$70,422$976,842

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$981,842
Expenses per Audited Statements$976,842
Total Expenses per Form 990$976,842
Expenses Not Reported on Form 990$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$32,539
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Bizstarts Milwaukee Inc
EIN
26-1766033
Phone
4149732334
Address
161 SOUTH FIRST STREET, MILWAUKEE, WI 53204
Doing Business As
Bizstarts

Signing Officer

Name
Patrick Snyder
Title
President
Phone
4149732334
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Snyder
Formed
2008
Legal Domicile
Wi
Voting Board Members
32
Independent Board Members
32
Employees
20
Volunteers
45

Preparer

Firm
Krause & Associates SC
Address
1214 Bridge Street, Grafton, WI 53024
Preparer
David Krause
Phone
2623779988
Supplemental Narrative

Additional Explanations

Other

FORM 990, PART I, SECTION ACTIVITIES, LINE 1 BizStarts Milwaukee, Inc. nurtures a more entrepreneurial climage in southeastern Wisconsin by educating on the importance and characteristics of entrepreneurship, enabling networking across the entrepreneurial ecosystem, and working directly with entrepreneurs developing from the idea to the investment stage. BizStarts accomplishes this purpose through educational activities and programs that link entrepreneurs to a wide range of resources.

Other

FORM 990, PART III, LINE 1 BizStarts accomplishes this purpose through educational activities and programs that link entrepreneurs to a wide range of resources.

Pt VI, Line 1A

The executive committee consists of a subset of board mebers, 7 in total. They focus on personnel issues, overall vision of the organization, and adminitering plans for other committtees. All executive committee members are on the governing body (the board).

Pt VI, Line 11B

The executive director, board treasurer and board president review the 990 prior to filing with the IRS.

Pt VI, Line 12C

Directors and officers of BizStarts annually disclose potential conflicts of interest via a conficts of interest policy statement. Additionally, directors and officers, pursuant to BizStarts conflict of interest policy, must disclose potential conflicts as they arise between submissions of the manditory annual disclosure form.

Pt VI, Line 15A

The executive directors compensation and employment review is handled and approved by the executive committee annually.

Pt VI, Line 19

BizStarts keeps records of its governing documents and conflict of interest policy and copies of such documents are available to the public upon written request to the organization.

Pt XII, Line 2C

The executive committee meets to review and approve the independently audited financial statements.

Form 990, Part IX, Line 11G

Programming/mentoring 109901. 109901. 0. 0.

Form 990, Part IX, Line 11G

Business coaching 24000. 24000. 0. 0.

Form 990, Part IX, Line 11G

Professional consulting 67676. 33823. 11563. 22290.

Form 990, Part IX, Line 11G

Graphic design 1660. 1461. 166. 33.

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IRS990/Desc0Coaching program - BizStarts offers one-on-one, ongoing coaching at no cost to anyone thinking about starting a business who is located in Wisconsin. During coaching appointments, participants are able to make an appointment with one of our coaches who can answer business questions, offer small business technical assistance, recommend next steps, and connect to the business resources and mentors they need to start and grow their business.
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