Civic Intelligence

Summerfest Foundation Inc

990 • Fiscal year 2015 • EIN 45-2522052

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 27, 2016

Organization Profilewww.summerfestfoundation.org
200 North Harbor DriveMilwaukee, WI 53202

(414) 273-2680

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

21st percentile

0.07x

Higher debt load relative to revenue than 21% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

87th percentile

35%

Higher net margin than 87% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$700,356

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 68.8% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

49th percentile

1.0%

Faster asset growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

35th percentile

-1.1%

Faster revenue growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$20,071,528

Up $203,605 (+1.0%) from 2014

Net Assets

Up

$19,997,240

Up $359,550 (+1.8%) from 2014

Liabilities

Down

$74,288

Down $155,945 (-68%) from 2014

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin87th percentile

Revenue

Down

$1,017,890

Down $11,314 (-1.1%) from 2014

Expenses

Up

$658,340

Up $27,272 (+4.3%) from 2014

Net Income

Down

$359,550

Down $38,586 (-9.7%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$30M$20M$10M$0Assets 2011: $18,432,839Liabilities 2011: $7,859Net Assets 2011: $18,424,9802011Assets 2012: $18,841,124Liabilities 2012: $88,369Net Assets 2012: $18,752,7552012Assets 2013: $19,417,453Liabilities 2013: $177,899Net Assets 2013: $19,239,5542013Assets 2014: $19,867,923Liabilities 2014: $230,233Net Assets 2014: $19,637,6902014Assets 2015: $20,071,528Liabilities 2015: $74,288Net Assets 2015: $19,997,2402015Assets 2016: $20,645,535Liabilities 2016: $283,885Net Assets 2016: $20,361,6502016Assets 2017: $20,859,739Liabilities 2017: $150,030Net Assets 2017: $20,709,7092017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2015

Assets$20,071,528
Liabilities$74,288
Net Assets$19,997,240
Open 2015 Filing

Operations Trend

Revenue Growth35th percentile

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

$20M$10M$0-$10MRevenue 2011: $18,425,431Expenses 2011: $451Net Income 2011: $18,424,9802011Revenue 2012: $772,052Expenses 2012: $440,990Net Income 2012: $331,0622012Revenue 2013: $1,018,111Expenses 2013: $531,311Net Income 2013: $486,8002013Revenue 2014: $1,029,204Expenses 2014: $631,068Net Income 2014: $398,1362014Revenue 2015: $1,017,890Expenses 2015: $658,340Net Income 2015: $359,5502015Revenue 2016: $996,972Expenses 2016: $632,562Net Income 2016: $364,4102016Revenue 2017: $927,673Expenses 2017: $579,614Net Income 2017: $348,0592017Revenue 2018: $300,770Expenses 2018: $6,707,798Net Income 2018: -$6,407,0282018

Highlighted filing

2015

Revenue$1,017,890
Expenses$658,340
Net Income$359,550
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 27, 2016
Return Version
2015v2.1
Gross Receipts
$1,290,483
Mission and Program Overview

Mission

The Corporation is organized for the benefit of, to perform the functions of, or to carry out the purposes of Milwaukee World Festival, Inc., which is to promote an understanding of different cultures, the histories and traditions of various nationalities, harmony in the community, civic pride and provide a showcase for the performing arts, activities and recreation for the public and employment opportunites for the youth of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,500,021$13,709,252▲ $209,231
Savings and Temporary Cash Investments$5,000,000$5,992,000▲ $992,000
Cash and Non-Interest-Bearing Accounts$1,257,944$276,179▼ $981,765
Prepaid Expenses and Deferred Charges$44,243$58,752▲ $14,509
Accounts Receivable$60,000$25,530▼ $34,470
Total Assets$19,867,923$20,071,528▲ $203,605
Other Assets Total$5,715$9,815▲ $4,100
Liabilities
Deferred Revenue$88,417$69,646▼ $18,771
Accounts Payable and Accrued Expenses$141,816$4,642▼ $137,174
Total Liabilities$230,233$74,288▼ $155,945
Net Assets / Fund Balance
Unrestricted Net Assets$19,637,690$19,997,240▲ $359,550
Total Net Assets Fund Balance$19,637,690$19,997,240▲ $359,550
Total Liabilities and Net Assets / Fund Balance$19,867,923$20,071,528▲ $203,605
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleOtherTotal
Gaye LittellDirector of New Business Development$143,886$143,886
Bob GosseDirector of Design & Construction$133,514$133,514
Matt GronigerDirector of Corp Sales & Sponsorship$132,057$132,057

Board Members and Trustees

NameTitle
Don SmileyPresident
John BolerVice President
Robert BabischVice President
Bradley D PageDirector
Daniel MinahanDirector
Howard SchnollDirector
P Michael MahoneyDirector
Ted KellnerDirector
Matt LeibhamController
Frank NicoteraSecretary
Sue LandryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$151,377
Program Service Revenue
$480,513
Investment Income
$335,334
Other Revenue
$50,666
All Other Contributions
$110,377
Change in Net Assets
$359,550

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory8$38,648Fair Market Value
Total Noncash Contributions8$38,648-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$546,440
Grants and Similar Amounts Paid$95,550
Professional Fundraising Fees$16,350
Total Fundraising Expense$16,350
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$159,005--$159,005
Grants to Domestic Orgs$95,550--$95,550
Advertising$51,243--$51,243
Other Expenses$41,020$728-$41,020
Fees for Services Other$22,699--$22,699
Fees for Services Professional Fundraising--$16,350$16,350
Insurance-$5,867-$5,867
Office Expenses$2,545$1,360-$3,905
Total Functional Expenses$634,035$7,955$16,350$658,340
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boys and Girls Club of Greater MilwaukeeMilwaukee, WI501(c)(3)General funding-
Milwaukee Board of School Directors Milwaukee Public SchoolsMilwaukee, WI170(c)(1)Music Education Funding-
Milwaukee World Festival IncMilwaukee, WI501(c)(3)Use to produce three free public concerts and conduct a free music education-
Unity in MotionMilwaukee, WI501(c)(3)General funding-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$317,265
Fundraising Direct Expenses$272,593
Professional Fundraising Fees$16,350

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Dinner$358,265$317,265$116,537$200,728
Total Events$358,265$317,265$272,593$44,672
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 A, line 7A

“Three of the Corporation's Directors shall be designated as individuals appointed by Milwaukee World Festival, Inc. (the "Appointed Directors"). Upon resignation or removal of an Appointed Director, Milwaukee World Festival, Inc. shall appoint a new director as an Appointed Director.”

Form 990, Part VI, Section B, line 11

“The 990 is prepared by the CFO and an independent accounting firm. The 990 is also reviewed prior to filing by the members of the Board.”

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

“The organization issues a copy of the policy and a questionnaire to each officer, director, trustee or key employee once per year.”

Form 990, Part VI, Section C, line 19

“The governing documents, conflict of interest policy, and financial statements are available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Summerfest Foundation Inc
EIN
45-2522052
Phone
4142732680
Address
200 North Harbor Drive, Milwaukee, WI 53202

Signing Officer

Name
Don Smiley
Title
President
Phone
4142732680
Signed
2016-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Smiley
Formed
2011
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
900

Preparer

Firm
Wipfli LLP
Address
10000 Innovation Drive Suite 250, Milwaukee, WI 53226-4837
Preparer
Dave Globig
Phone
4144319300
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

“The Foundation funded three free public concerts and a day long hands-on eduational experience and music clinics for students.”

Form 990, Part XII, Line 2C:

“The process of the financial statement review has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“In order to account for any uncertain tax positions, the organization determines whether it is more likely than not that a tax position will be sustained upon examination on the technical merits of the position, assuming the taxing authority has full knowledge of all information. If the tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements. The organization has recorded no assets or liabilities related to uncertain tax positions.”

Raw XML AppendixShowing 400 of 673 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0141816
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04642
IRS990/AccountsReceivableGrp/BOYAmt060000
IRS990/AccountsReceivableGrp/EOYAmt025530
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The Corporation is organized for the benefit of, to perform the functions of, or to carry out the purposes of Milwaukee World Festival, Inc., which is to promote an understanding of different cultures, the histories and traditions of various nationalities, harmony in the community, civic pride and provide a showcase for the performing arts, activities and recreation for the public and employment opportunites for the youth of the community.
IRS990/AdvertisingGrp/ProgramServicesAmt051243
IRS990/AdvertisingGrp/TotalAmt051243
IRS990/AllOtherContributionsAmt0110377
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0SUSAN LANDRY
IRS990/BooksInCareOfDetail/PhoneNum04142732680
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0639 E Summerfest Place
IRS990/BooksInCareOfDetail/USAddress/CityNm0Milwaukee
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053202
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01257944
IRS990/CashNonInterestBearingGrp/EOYAmt0276179
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContriRptFundraisingEventAmt041000
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0151377
IRS990/CYGrantsAndSimilarPaidAmt095550
IRS990/CYInvestmentIncomeAmt0335334
IRS990/CYOtherExpensesAmt0546440
IRS990/CYOtherRevenueAmt050666
IRS990/CYProgramServiceRevenueAmt0480513
IRS990/CYRevenuesLessExpensesAmt0359550
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0658340
IRS990/CYTotalFundraisingExpenseAmt016350
IRS990/CYTotalProfFndrsngExpnsAmt016350
IRS990/CYTotalRevenueAmt01017890
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt088417
IRS990/DeferredRevenueGrp/EOYAmt069646
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0Rock 'n Sole Run is an annual event held in the Milwaukee Metropolitan area. There were 8,110 participants in 2015.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0634035
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0159005
IRS990/FeesForServicesManagementGrp/TotalAmt0159005
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt022699
IRS990/FeesForServicesOtherGrp/TotalAmt022699
IRS990/FeesForServicesProfFundraising/FundraisingAmt016350
IRS990/FeesForServicesProfFundraising/TotalAmt016350
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt545.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt645.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt745.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt845.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt945.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1045.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1145.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1245.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1345.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5243105
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt644976
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt736850
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt829487
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt929511
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1034199
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1122983
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1230156
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1325294
IRS990/Form990PartVIISectionAGrp/PersonNm0Ted Kellner
IRS990/Form990PartVIISectionAGrp/PersonNm1P Michael Mahoney
IRS990/Form990PartVIISectionAGrp/PersonNm2Daniel Minahan
IRS990/Form990PartVIISectionAGrp/PersonNm3Bradley D Page
IRS990/Form990PartVIISectionAGrp/PersonNm4Howard Schnoll
IRS990/Form990PartVIISectionAGrp/PersonNm5Don Smiley
IRS990/Form990PartVIISectionAGrp/PersonNm6Robert Babisch
IRS990/Form990PartVIISectionAGrp/PersonNm7John Boler
IRS990/Form990PartVIISectionAGrp/PersonNm8Sue Landry
IRS990/Form990PartVIISectionAGrp/PersonNm9Frank Nicotera
IRS990/Form990PartVIISectionAGrp/PersonNm10Matt Leibham
IRS990/Form990PartVIISectionAGrp/PersonNm11Gaye Littell
IRS990/Form990PartVIISectionAGrp/PersonNm12Bob Gosse
IRS990/Form990PartVIISectionAGrp/PersonNm13Matt Groniger
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5457251
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6202357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7132515
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8164362
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9149497
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10128891
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11120903
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12103358
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13106763
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director of New Business Development
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director of Design & Construction
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director of Corp Sales & Sponsorship
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt041000
IRS990/FundraisingDirectExpensesAmt0272593
IRS990/FundraisingGrossIncomeAmt0317265
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt095550
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt095550
IRS990/GrantsToDomesticOrgsGrp/TotalAmt095550
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01290483
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05867
IRS990/InsuranceGrp/TotalAmt05867
IRS990/InvestmentIncomeGrp/ExclusionAmt0335334
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0335334
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Corporation is organized for the benefit of, to perform the functions of, or to carry out the purposes of Milwaukee World Festival, Inc., which is to promote an understanding of different cultures, the histories and traditions of various nationalities, harmony in the community, civic pride and provide a showcase for the performing arts, activities and recreation for the public and employment opportunites for the youth of the community.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt019637690
IRS990/NetAssetsOrFundBalancesEOYAmt019997240
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt044672
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt044672
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt041020
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01360
IRS990/OfficeExpensesGrp/ProgramServicesAmt02545
IRS990/OfficeExpensesGrp/TotalAmt03905
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05715
IRS990/OtherAssetsTotalGrp/EOYAmt09815
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Event Expense
IRS990/OtherExpensesGrp/Desc1In Kind Donation Expens
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0728
IRS990/OtherExpensesGrp/ProgramServicesAmt0261973
IRS990/OtherExpensesGrp/ProgramServicesAmt141020
IRS990/OtherExpensesGrp/TotalAmt0262701
IRS990/OtherExpensesGrp/TotalAmt141020
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt013500021
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013709252
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt044243
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058752
IRS990/PrincipalOfficerNm0Don Smiley
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Events Income
IRS990/ProgramServiceRevenueGrp/Desc1Festival Parking
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01480
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0479033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0479033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11480
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0175382
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt050000
IRS990/PYInvestmentIncomeAmt0332069
IRS990/PYOtherExpensesAmt0557390
IRS990/PYOtherRevenueAmt027634
IRS990/PYProgramServiceRevenueAmt0494119
IRS990/PYRevenuesLessExpensesAmt0398136
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0631068
IRS990/PYTotalProfFndrsngExpnsAmt023678
IRS990/PYTotalRevenueAmt01029204
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0359550
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0479033
IRS990/RoyaltiesRevenueGrp/ExclusionAmt05994
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt05994
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05000000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05992000
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0151377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0148022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0112462
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt054316
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt018276000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018742177
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0341328
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0332069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0319959
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0311041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0149431
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01453828
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01999325
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt018742177
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0151377
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0148022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0112462
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt054316
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt018276000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt018742177
IRS990ScheduleA/TotalSupportAmt020196005
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ORDER TO ACCOUNT FOR ANY UNCERTAIN TAX POSITIONS, THE ORGANIZATION DETERMINES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS RECORDED NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Solicit Contributions
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1Solicit Contributions
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd11
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0111500
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt18000
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt094775
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt13000
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Milwaukee World Festival Inc
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt1Sharp Literacy
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt016725
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt15000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0639 E Summerfest Place
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt15775 N Glen Park Road Suite 202
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Milwaukee
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1Milwaukee
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1WI
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd053202
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd153209
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt041000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt041000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0272593
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt031200
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt031200
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fundraising Dinner
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt052714
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt052714
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0358265
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0358265
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0317265
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0317265
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt044672
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0116537
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0116537
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt072142
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt072142
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0WI
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0119500
IRS990ScheduleG/TotalNetToOrganizationAmt097775
IRS990ScheduleG/TotalRetainedByContractorsAmt021725
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3170(C)(1)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt010000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt130000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt220000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt315000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General funding
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Use to produce three free public concerts and conduct a free music education
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2General funding

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,071,528
Liabilities
$74,288
Net assets
$19,997,240
Revenue
$1,017,890
Expenses
$658,340
Net income
$359,550
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.30$6.71$6.41
2017Detailed filing. Detailed filing data is available for this year.$20.9$0.15$20.7$0.93$0.58$0.35
2016Detailed filing. Detailed filing data is available for this year.$20.6$0.28$20.4$1.00$0.63$0.36
2015Detailed filing. Detailed filing data is available for this year.$20.1$0.07$20.0$1.02$0.66$0.36
2014Detailed filing. Detailed filing data is available for this year.$19.9$0.23$19.6$1.03$0.63$0.40
2013Detailed filing. Detailed filing data is available for this year.$19.4$0.18$19.2$1.02$0.53$0.49
2012Summary only. Only limited summary data is available for this year.$18.8$0.09$18.8$0.77$0.44$0.33
2011Summary only. Only limited summary data is available for this year.$18.4$0.01$18.4$18.4$0.00$18.4