Civic Intelligence

Greater Milwaukee Committee For

EIN 39-0749512 • 501(c)3 • Milwaukee, WI

Profile

The greater milwaukee committee is a private sector civic organization that aims to contribute to the cultural and economic base of the milwaukee area. The organization was formed in the late 1940's and is comprised of leaders in business, the professions, labor and education. Membership is limited to 185 and is supported by corporate contributions. During the past 70+ years the greater milwaukee committee has been at the forefront of major projects that provide long-term benefit to the economic and cultual vitality of the metropolitan area. It has been particularly active in the arts, downtown redevelopment, transportation, health and major building projects for professional sports and other purposes. More recently, gmc has initiated projects for neighborhood revitalization and improvement of the equality of educational institutions in the community.the active members of gmc serve on various committees that are responsible for each project.

247 Freshwater Way STE 400Milwaukee, WI 53204

www.gmconline.org

Siviq Scores

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

Liabilities / Assets

80th percentile

0.42x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.46x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

54th percentile

6.3%

Higher net margin than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

-2.8%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,771,714

Down $51,786 (-2.8%) from 2023

Liabilities

Down

$736,080

Down $152,985 (-17%) from 2023

Net Assets

Up

$1,035,634

Up $101,199 (+11%) from 2023

Revenue

Down

$1,609,330

Down $1,413,391 (-47%) from 2023

Expenses

Down

$1,507,562

Down $2,041,824 (-58%) from 2023

Net Income

Up

$101,768

Up $628,433 (+119%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,125,248Liabilities 2011: $582,622Net Assets 2011: $542,6262011Assets 2012: $822,027Liabilities 2012: $226,754Net Assets 2012: $595,2732012Assets 2013: $724,225Liabilities 2013: $342,898Net Assets 2013: $381,3272013Assets 2014: $1,183,733Liabilities 2014: $600,214Net Assets 2014: $583,5192014Assets 2015: $1,062,811Liabilities 2015: $695,287Net Assets 2015: $367,5242015Assets 2016: $781,801Liabilities 2016: $236,776Net Assets 2016: $545,0252016Assets 2017: $700,583Liabilities 2017: $276,022Net Assets 2017: $424,5612017Assets 2018: $869,214Liabilities 2018: $298,134Net Assets 2018: $571,0802018Assets 2019: $2,680,415Liabilities 2019: $1,591,568Net Assets 2019: $1,088,8472019Assets 2020: $1,814,049Liabilities 2020: $498,019Net Assets 2020: $1,316,0302020Assets 2021: $2,508,704Liabilities 2021: $911,359Net Assets 2021: $1,597,3452021Assets 2022: $2,845,531Liabilities 2022: $1,504,431Net Assets 2022: $1,341,1002022Assets 2023: $1,823,500Liabilities 2023: $889,065Net Assets 2023: $934,4352023Assets 2024: $1,771,714Liabilities 2024: $736,080Net Assets 2024: $1,035,6342024

Highlighted filing

2024

Assets$1,771,714
Liabilities$736,080
Net Assets$1,035,634

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,446,0932011Expenses 2012: $1,733,1412012Revenue 2013: $1,514,487Expenses 2013: $1,728,433Net Income 2013: -$213,9462013Revenue 2014: $1,891,931Expenses 2014: $1,689,739Net Income 2014: $202,1922014Revenue 2015: $1,488,981Expenses 2015: $1,704,976Net Income 2015: -$215,9952015Revenue 2016: $2,264,564Expenses 2016: $2,087,063Net Income 2016: $177,5012016Revenue 2017: $2,117,807Expenses 2017: $2,238,271Net Income 2017: -$120,4642017Revenue 2018: $2,667,255Expenses 2018: $2,520,736Net Income 2018: $146,5192018Revenue 2019: $2,970,292Expenses 2019: $2,456,025Net Income 2019: $514,2672019Revenue 2020: $2,754,472Expenses 2020: $2,473,209Net Income 2020: $281,2632020Revenue 2021: $2,737,172Expenses 2021: $2,455,857Net Income 2021: $281,3152021Revenue 2022: $2,456,390Expenses 2022: $2,712,635Net Income 2022: -$256,2452022Revenue 2023: $3,022,721Expenses 2023: $3,549,386Net Income 2023: -$526,6652023Revenue 2024: $1,609,330Expenses 2024: $1,507,562Net Income 2024: $101,7682024

Highlighted filing

2024

Revenue$1,609,330
Expenses$1,507,562
Net Income$101,768

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.74$1.04$1.61$1.51$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.82$0.89$0.93$3.02$3.55$0.53
2022Detailed filing. Detailed filing data is available for this year.$2.85$1.50$1.34$2.46$2.71$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.51$0.91$1.60$2.74$2.46$0.28
2020Detailed filing. Detailed filing data is available for this year.$1.81$0.50$1.32$2.75$2.47$0.28
2019Detailed filing. Detailed filing data is available for this year.$2.68$1.59$1.09$2.97$2.46$0.51
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.30$0.57$2.67$2.52$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.70$0.28$0.42$2.12$2.24$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.78$0.24$0.55$2.26$2.09$0.18
2015Detailed filing. Detailed filing data is available for this year.$1.06$0.70$0.37$1.49$1.70$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.18$0.60$0.58$1.89$1.69$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.72$0.34$0.38$1.51$1.73$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.23$0.60$1.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.58$0.54$1.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$1,609,330
Mission and Program Overview

Mission

The greater milwaukee committee is a private sector civic organization that aims to contribute to the cultural and economic base of the milwaukee area. The organization was formed in the late 1940's and is comprised of leaders in business, the professions, labor and education. Membership is limited to 185 and is supported by corporate contributions. During the past 60+ years the greater milwaukee committee has been at the forefront of major projects that provide long-term benefit to the economic and cultual vitality of the metropolitan area. It has been particularly active in the arts, downtown redevelopment, transportation, health and major building projects for professional sports and other purposes. More recently, gmc has initiated projects for neighborhood revitalization and improvement of the equality of educational institutions in the community.the active members of gmc serve on various committees that are responsible for each project.

The Greater Milwaukee Committee is a private sector civic organization that aims to contribute to the cultural and economic base of the Milwaukee area. Continued on Schedule O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$900,000$1,146,049▲ $246,049
Cash and Non-Interest-Bearing Accounts$350,224$401,926▲ $51,702
Pledges and Grants Receivable-$53,113-
Accounts Receivable$163,635$25,565▼ $138,070
Land, Buildings, and Equipment, Net$14,405$9,528▼ $4,877
Prepaid Expenses and Deferred Charges$6,705$5,974▼ $731
Total Assets$1,823,500$1,771,714▼ $51,786
Other Assets Total$388,531$129,559▼ $258,972
Liabilities
Deferred Revenue$5,400$350,283▲ $344,883
Other Liabilities$672,991$327,387▼ $345,604
Accounts Payable and Accrued Expenses$210,674$58,410▼ $152,264
Total Liabilities$889,065$736,080▼ $152,985
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$934,435$1,035,634▲ $101,199
Total Net Assets Fund Balance$934,435$1,035,634▲ $101,199
Total Liabilities and Net Assets / Fund Balance$1,823,500$1,771,714▼ $51,786

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,528$165,047$174,575
Leasehold Improvements-$5,293$5,293
Other Assets Org$129,559--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel BrennanPresidentFT$334,510$61,459$395,969
Langston VerdinDirector of Community Partnerships StrategyFT$114,455$31,140$145,595
Heather PechacekMembership Communications DirectorFT$110,060$6,263$116,323

Board Members and Trustees

NameTitle
Margaret KelseyChair
Cecelia GoreBoard Member
Daniel BaderBoard Member
David AndersonBoard Member
David LubarBoard Member
Elizabeth BrennerBoard Member
Ellen GilliganBoard Member
George OliverBoard Member
Gregory MarcusBoard Member
Gregory WesleyBoard Member
JoAnne AntonBoard Member
John Daniels JrBoard Member
Jonas PrisingBoard Member
Linda MellowesBoard Member
Mark SabljakBoard Member
Mary Ellen StanekBoard Member
Steve RadkeBoard Member
Ted KellnerBoard Member
Tina ChangBoard Member
Wayne MorganBoard Member
Cristy Garcia-ThomasSecretary
James PoppTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ernst & Young LLPConsulting ServicesPO Box 773712, Chicago, IL 60677$175,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,495,766
Program Service Revenue
$71,280
Investment Income
$42,284
Other Revenue
$0
All Other Contributions
$326,210
Change in Net Assets
$101,768

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,609,330
Revenue Not Reported on Form 990
$-568
Total Revenue per Audited Statements
$1,608,762
Total Revenue per Form 990
$1,609,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$982,280
Other Expenses$425,323
Total Fundraising Expense$223,920
Grants and Similar Amounts Paid$99,959
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$275,782$90,118$70,527$436,427
Current Officers, Directors, Trustees, and Key Employees$250,216$81,764$63,989$395,969
Occupancy$74,042$28,865$22,589$125,496
Grants to Domestic Orgs$99,959--$99,959
Other Employee Benefits$58,434$19,981$15,638$94,053
Fees for Services Accounting$49,308$19,203$14,984$83,495
Payroll Taxes$34,687$11,861$9,283$55,831
Conferences and Meetings$21,765$8,486$6,640$36,891
Fees for Services Other$21,288$8,316$6,554$36,158
Office Expenses$14,249$5,556$4,347$24,152
Other Expenses$2,322$4,786$3,747$10,855
Insurance$5,855$2,283$1,787$9,925
Depreciation Depletion$3,922$1,530$1,197$6,649
Interest$148$57$45$250
Total Functional Expenses$997,521$286,121$223,920$1,507,562

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,507,562
Total Expenses per Audited Statements$1,507,562
Total Expenses per Form 990$1,507,562
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Milwaukee FoundationMilwaukee, WI501c3Anti-Displacement Fund$90,000
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
Federal income taxes$196,862
Agency Payable$130,525
Lease Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The Greater Milwaukee Committee for Community Development membership is comprised of many of the CEO, Presidents, Executive Directors, etc. of the major companies and organizations in the Milwaukee area. As such some individuals serve on each others board of directors. Futher information may be obtained by contacting the organization at 414-272-0588.

Form 990, Part VI, Section A, Line 6

Members of the Committee meet annually for the purpose of electing a board of directors, considering reports and transacting such other business as shall properly come before the meeting. All members votes count equally. Members of the Committee may be elected a member of the Committee at any time by a majority vote of the board of directors.

Form 990, Part VI, Section A, Line 7

Members of the Committee meet annually for the purpose of electing a board of directors, considering reports and transacting such other business as shall properly come before the meeting. All members votes count equally. Members of the Committee may be elected a member of the Committee at any time by a majority vote of the board of directors.

Form 990, Part VI, Section A, Line 7B

Members of the Committee meet annually for the purpose of electing a board of directors, considering reports and transacting such other business as shall properly come before the meeting. All members votes count equally. Members of the Committee may be elected a member of the Committee at any time by a majority vote of the board of directors.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is given to all members of the finance committee and approval is required by a quorum of the members before the final 990 is filed.

Form 990, Part VI, Section B, Line 12C

The organization requires its board members to complete a conflict of interest questionnaire annually.

Form 990, Part VI, Section B, Line 15A

The Presidents compensation is reviewed by the current and incoming Chair and the amount of the Presidents raises and bonses are determined by input from the board of directors. Each year there is a survey of organizations similar to the committee across the country concerning staffing and executive compensation. The Presidents salary and bonuses are documented and signed by the current Chair and provided to the Director of Operations.

Form 990, Part VI, Section C, Line 19

Upon Request

Filing and Contact Details

Filer

Filer Name
Greater Milwaukee Committee for Community Development
EIN
39-0749512
Phone
4142720588
Address
247 Freshwater Way STE 400, Milwaukee, WI 53204

Signing Officer

Name
Joel Brennan
Title
President
Phone
4142720588
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Brennan
Formed
1948
Legal Domicile
Wi
Voting Board Members
23
Independent Board Members
22
Employees
8
Volunteers
22

Preparer

Firm
O'Leary & Anick
Address
13400 Bishops Lane Ste 120, Brookfield, WI 53005
Preparer
Christine Daws
Phone
4147740300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 148,034, Grants and allocations 0, Revenue 0 Public Safety A sense of safety and wellbeing is essential for communities to remain unified and on a path toward growth. GMC brings together stakeholders from the business and civic community to ensure that the community institutions responsible for public safety remain strong and that the leaders in the community attack not only the consequences of criminal behavior but the myriad causes that diminish the ability of residents to feel or be safe.

Form 990, Part I, Line 1

The Organization was formed in the late 1940s. During the past 70 years the Greater Milwaukee Committee has been at the forefront of major projects that provide long-term benefit to the economic and cultural vitality of the metropolitan area. It has been particularly active in the arts, downtown redevelopment, transportation, health and major building projects for professional sports and other purposes. More recently, GMC has initiated projects for neighborhood revitalization and improvement of the equality of educational institutions in the community. The active members of GMC serve on various committees that are responsible for each project. It is an organization in which members actively do the work, with the support of a small staff. Most of the top leaders from all fields participate in the Greater Milwaukee Committee.

Form 990, Part III, Line 1

The Organization was formed in the late 1940s. During the past 70 years the Greater Milwaukee Committee has been at the forefront of major projects that provide long-term benefit to the economic and cultural vitality of the metropolitan area. It has been particularly active in the arts, downtown redevelopment, transportation, health and major building projects for professional sports and other purposes. More recently, GMC has initiated projects for neighborhood revitalization and improvement of the equality of educational institutions in the community. The active members of GMC serve on various committees that are responsible for each project. It is an organization in which members actively do the work, with the support of a small staff. Most of the top leaders from all fields participate in the Greater Milwaukee Committee.

Form 990, Part XII, Line 2

The audit review process has not changed from prior years.

Form 990, Part XI, Line 9

Other Changes in Net Assets Rounding 1

Financial Statement Notes

X 2

The Committee has implemented accounting for uncertainty in income taxes in accordance with accounting principles generally accepted in the United States of America. This standard prescribes a recognition threshold and measurement atribute 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. The Committee recognizes interest and penalties, if any, related to unrecognized tax liabilities in income tax expense.

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