Civic Intelligence

Strattec Foundation Inc.

990 • Fiscal year 2021 • EIN 39-1890894

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

101 W Pleasant 210Milwaukee, WI 53212

(414) 272-5805

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

46th percentile

10%

Higher net margin than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

96th percentile

$367,300

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 206.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

51st percentile

10.0%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

52%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,338,423

Up $212,252 (+10.0%) from 2020

Net Assets

Up

$2,338,423

Up $212,252 (+10.0%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$177,725

Up $61,130 (+52%) from 2020

Expenses

Up

$159,731

Up $47,944 (+43%) from 2020

Net Income

Up

$17,994

Up $13,186 (+274%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,215,091Liabilities 2010: $0Net Assets 2010: $1,215,0912010Assets 2011: $1,192,163Liabilities 2011: $2,500Net Assets 2011: $1,189,6632011Assets 2012: $1,280,182Liabilities 2012: $0Net Assets 2012: $1,280,1822012Assets 2013: $1,423,866Liabilities 2013: $5,000Net Assets 2013: $1,418,8662013Assets 2014: $1,792,009Liabilities 2014: $0Net Assets 2014: $1,792,0092014Assets 2015: $1,718,816Liabilities 2015: $0Net Assets 2015: $1,718,8162015Assets 2016: $1,780,805Liabilities 2016: $0Net Assets 2016: $1,780,8052016Assets 2017: $1,980,541Liabilities 2017: $0Net Assets 2017: $1,980,5412017Assets 2018: $1,868,921Liabilities 2018: $0Net Assets 2018: $1,868,9212018Assets 2019: $1,982,676Liabilities 2019: $0Net Assets 2019: $1,982,6762019Assets 2020: $2,126,171Liabilities 2020: $0Net Assets 2020: $2,126,1712020Assets 2021: $2,338,423Liabilities 2021: $0Net Assets 2021: $2,338,4232021Assets 2022: $1,805,582Liabilities 2022: $0Net Assets 2022: $1,805,5822022Assets 2023: $1,814,180Liabilities 2023: $0Net Assets 2023: $1,814,1802023Assets 2024: $1,877,424Liabilities 2024: $0Net Assets 2024: $1,877,4242024

Highlighted filing

2021

Assets$2,338,423
Liabilities$0
Net Assets$2,338,423

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $25,710Expenses 2010: $37,799Net Income 2010: -$12,0892010Revenue 2011: $32,328Expenses 2011: $46,122Net Income 2011: -$13,7942011Revenue 2012: $44,403Expenses 2012: $49,651Net Income 2012: -$5,2482012Revenue 2013: $89,169Expenses 2013: $65,010Net Income 2013: $24,1592013Revenue 2014: $468,476Expenses 2014: $67,263Net Income 2014: $401,2132014Revenue 2015: $98,650Expenses 2015: $57,049Net Income 2015: $41,6012015Revenue 2016: $72,736Expenses 2016: $59,683Net Income 2016: $13,0532016Revenue 2017: $66,213Expenses 2017: $83,948Net Income 2017: -$17,7352017Revenue 2018: $71,256Expenses 2018: $92,461Net Income 2018: -$21,2052018Revenue 2019: $73,030Expenses 2019: $132,718Net Income 2019: -$59,6882019Revenue 2020: $116,595Expenses 2020: $111,787Net Income 2020: $4,8082020Revenue 2021: $177,725Expenses 2021: $159,731Net Income 2021: $17,9942021Revenue 2022: $55,712Expenses 2022: $198,710Net Income 2022: -$142,9982022Revenue 2023: $36,238Expenses 2023: $182,846Net Income 2023: -$146,6082023Revenue 2024: $42,304Expenses 2024: $166,716Net Income 2024: -$124,4122024

Highlighted filing

2021

Revenue$177,725
Expenses$159,731
Net Income$17,994
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.2
Gross Receipts
$665,037
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,089,623$2,324,285▲ $234,662
Savings and Temporary Cash Investments$36,548$14,138▼ $22,410
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,126,171$2,338,423▲ $212,252
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,126,171$2,338,423▲ $212,252
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,126,171$2,338,423▲ $212,252
Total Liabilities and Net Assets / Fund Balance$2,126,171$2,338,423▲ $212,252

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,126,171-▲ $371,983-$2,338,423
2020$1,982,676-▲ $250,047-$2,126,171
2019$1,868,921-▲ $241,089-$1,982,676
2018$1,980,541-▼ $25,300-$1,868,921
2017$1,780,805-▲ $277,712-$1,980,541
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank KrejciPresident
Blaine RiekeDirector
Cecelia GoreDirector
Linda MellowesDirector
Ken RobertsonAssistant Treasurer
Ellen GilliganSecretary
Patrick J HansenVP/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$177,725
Other Revenue
$0
Change in Net Assets
$17,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$133,000
Other Expenses$26,731
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$133,000--$133,000
Fees for Service Investment Mgmnt Fees-$5,685-$5,685
Other Expenses-$436-$436
Total Functional Expenses$133,000$26,731$0$159,731
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of Greater Milwaukee & Waukesha CountyMilwaukee, WI501(c)(3)2021 Workplace Giving Campaign$85,000
United Performing Arts Fund IncMilwaukee, WI501(c)(3)2021 Workplace Giving Campaign$43,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is reviewed by the 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 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

Governing documents, conflict of interest policy and financial statements are available to the public upon request,

Filing and Contact Details

Filer

Filer Name
Strattec Foundation Inc
EIN
39-1890894
Phone
4142725805
Address
101 W PLEASANT 210, MILWAUKEE, WI 53212

Signing Officer

Name
Ken Robertson
Title
Assistant Treasurer
Phone
4142725805
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Robertson
Formed
2001
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
90 S 7TH ST STE 4200, MINNEAPOLIS, MN 55402
Preparer
Monroe J Gierl
Phone
6123055000
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The 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.

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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02338423
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/Desc1CUSTODIAL FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020610
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1436
IRS990/OtherExpensesGrp/TotalAmt020610
IRS990/OtherExpensesGrp/TotalAmt1436
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt017994
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt014138
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GREATER MILWAUKEE FOUNDATION INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt026731
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02126171
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02338423
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0133000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0371983
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt019452
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01982676
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02126171
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt087100
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0250047
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt017884
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01868921
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01982676
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0109450
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0241089
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt018960
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01980541
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01868921
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt067360
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-25300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt016976
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01780805
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01980541
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt061000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0277712
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt085000
IRS990ScheduleI/RecipientTable/CashGrantAmt143000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt02021 WORKPLACE GIVING CAMPAIGN
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12021 WORKPLACE GIVING CAMPAIGN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNITED WAY OF GREATER MILWAUKEE & WAUKESHA COUNTY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNITED PERFORMING ARTS FUND INC
IRS990ScheduleI/RecipientTable/RecipientEIN0390806190
IRS990ScheduleI/RecipientTable/RecipientEIN1396100399
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0UNITED WAY PLEDGE PROCESSING
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1301 W WISCONSIN AVE STE 600
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0532888988
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1532032232
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE DIRECTORS OF THE STRATTEC FOUNDATION 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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0305069
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1204960
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt045707
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt115047
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt016524
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt18841
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ELLEN GILLIGAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KEN ROBERTSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1ASSISTANT TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0367300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1228848
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD MEMBERS OF THE SUPPORTED ORGANIZATION - GREATER MILWAUKEE FOUNDATION, INC. BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SINCE 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 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST,
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.04$0.17$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.04$0.18$0.15
2022Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.06$0.20$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.18$0.16$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.12$0.11$0.00
2019Summary only. Only limited summary data is available for this year.$1.98$0.00$1.98$0.07$0.13$0.06
2018Summary only. Only limited summary data is available for this year.$1.87$0.00$1.87$0.07$0.09$0.02
2017Summary only. Only limited summary data is available for this year.$1.98$0.00$1.98$0.07$0.08$0.02
2016Summary only. Only limited summary data is available for this year.$1.78$0.00$1.78$0.07$0.06$0.01
2015Summary only. Only limited summary data is available for this year.$1.72$0.00$1.72$0.10$0.06$0.04
2014Summary only. Only limited summary data is available for this year.$1.79$0.00$1.79$0.47$0.07$0.40
2013Summary only. Only limited summary data is available for this year.$1.42$0.01$1.42$0.09$0.07$0.02
2012Summary only. Only limited summary data is available for this year.$1.28$0.00$1.28$0.04$0.05$0.01
2011Summary only. Only limited summary data is available for this year.$1.19$0.00$1.19$0.03$0.05$0.01
2010Summary only. Only limited summary data is available for this year.$1.22$0.00$1.22$0.03$0.04$0.01