MILWAUKEE ECONOMIC DEVELOPMENT CORP: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- MILWAUKEE ECONOMIC DEVELOPMENT CORP (EIN 23-7129398)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-13
- IRS object ID
- 201403179349302530
- Schema version
- 2013v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-13T11:14:59-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 777 E WISCONSIN AVENUE 32ND FLOOR | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 53202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237129398 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MILW | BusinessNameControlTxt |
| Phone | 4142865840 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 809 N BROADWAY NO 104 | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 53202 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID E LATONA | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4142865840 | PhoneNum |
| Signature | 2014-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TROY E MARINE CPA | PreparerPersonNm |
| PTIN | P00187863 | PTIN |
| Phone | 4147775500 | PhoneNum |
| Preparation | 2014-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAVID E LATONA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 809 N BROADWAY NO 104 | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 53202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,725,157 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MEDCONLINE.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1971 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE FLEXIBLE GAP FINANCING TO BUSINESSES IN ORDER TO ASSIST THEM IN EXPANDING AND RETAINING JOB OPPORTUNITIES TO AREA INDIVIDUALS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 16 | TotalEmployeeCnt |
| Total Volunteers | 22 | TotalVolunteersCnt |
| Total Gross UBI | $418,122 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $196,185 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,767,279 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,567,120 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,405,272 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,161,377 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,834,155 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,540,523 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,001,901 | PYOtherRevenueAmt |
| CY Other Revenue | $456,137 | CYOtherRevenueAmt |
| PY Total Revenue | $7,008,607 | PYTotalRevenueAmt |
| CY Total Revenue | $8,725,157 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $706,513 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,587,120 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,238,319 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,290,154 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,700,308 | PYOtherExpensesAmt |
| CY Other Expenses | $2,632,276 | CYOtherExpensesAmt |
| PY Total Expenses | $4,645,140 | PYTotalExpensesAmt |
| CY Total Expenses | $7,509,550 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,363,467 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,215,607 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $178,822,636 | TotalAssetsBOYAmt |
| Total Assets EOY | $171,107,026 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $19,805,925 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $19,033,886 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $159,016,711 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $152,073,140 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO AID BUSINESS EXPANSION IN ORDER TO GROW OUR ECONOMY THROUGH THE CREATION AND RETENTION OF JOBS AND BY INCREASING THE PROPERTY TAX BASE. THE CORPORATION USES ITS LOAN CAPITAL TO PROVIDE BUSINESS LOANS AND ASSIST IN THE FINANCING OF PROJECTS THAT ACHIEVE THAT OBJECTIVE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,467,561 | ExpenseAmt |
| Revenue | $2,199,392 | RevenueAmt |
| Desc | LOANS: THE MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION PROVIDES LOW INTEREST LOANS TO MILWAUKEE BUSINESSES WORKING IN PARTNERSHIP WITH A BANK. MEDC'S APPROACH TO LENDING REVOLVES AROUND TWO FUNDAMENTAL PRINCIPLES. SHARING RISK WITH ALL PARTICIPANTS IN A PROJECT AND LENDING IN PARTNERSHIP WITH PRIVATE SECTOR FINANCIAL INSTITUTIONS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,649,747 | ExpenseAmt |
| Grant | $3,587,120 | GrantAmt |
| Desc | DEVELOPMENT/ENVIRONMENTAL REMEDIATION: MEDC ALSO WORKS IN COLLABORATION WITH THE CITY OF MILWAUKEE AND THE REDEVELOPMENT AUTHORITY OF THE CITY OF MILWAUKEE (RACM) TO ASSIST WITH THE DEVELOPMENT AND ENVIRONMENTAL REMEDIATION OF COMMERCIAL AND INDUSTRIAL PROPERTIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $7,117,308 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 60 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 16 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID E LATONA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4142865840 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 809 N BROADWAY ROOM 104 | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 53202 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| BARRETT TOM | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BARTH STEVE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BROWN MARTHA L | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CLARK DAVID D | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CROSS CARLA Y | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVIS JOE SR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DICKMAN SAMUEL D | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DWYER MICHAEL J | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GALANIS JOHN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KLEINER PAUL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $47,896 | $0 | $2,287 | |
| LEMKE MARK | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LUBER FRED | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MACARENO AMELIA E | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARCOUX RICHARD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MATSON MARTIN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MCKEY JEAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MONNAT ROBERT B | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| O'NEILL THOMAS J | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PENMAN JULIE A | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RIVERA PERFECTO | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SHEEHY TIMOTHY | ||||||
| CHAIRMAN/DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TALBOTT ROBIN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WALSH PATRICK G | ||||||
| DIRECTOR | 40.00 | Yes (X) | $153,017 | $0 | $14,710 | |
| MILLER JOHN | ||||||
| VICE PRESIDENT | 40.00 | $93,565 | $0 | $28,789 | Yes (X) | |
| LATONA DAVID E | ||||||
| PRESIDENT/DIRECTOR | 40.00 | $168,588 | $0 | $37,745 | Yes (X) | |
| LUBER TRACY | ||||||
| TREASURER | 40.00 | $82,018 | $0 | $13,980 | Yes (X) | |
| LUCKETT TRACY | ||||||
| SECRETARY | 40.00 | $54,527 | $0 | $3,404 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $599,611 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $100,915 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRIEBERT FINERTY & ST JOHN | BusinessNameLine1 |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 EAST KILBOURN AVENUE SUITE 125 | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 53202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | LEGAL | ServicesDesc |
| Compensation | $285,941 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $3,559,620 | GovernmentGrantsAmt |
| All Other Contributions | $7,500 | AllOtherContributionsAmt |
| Total Contributions | $3,567,120 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOAN INTEREST AND SERVICING FEES | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $2,161,377 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,161,377 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,161,377 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,540,523 | TotalRevenueColumnAmt |
| Exclusion | $2,540,523 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| PARTNERSHIP INCOME | 900099 | $418,122 | $418,122 | |
| OTHER INCOME | 900099 | $38,015 | $38,015 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $456,137 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,725,157 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,199,392 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $418,122 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,540,523 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,587,120 | TotalAmt |
| Program Services | $3,587,120 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $599,611 | TotalAmt |
| Program Services | $539,650 | ProgramServicesAmt |
| Management And General | $59,961 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $429,743 | TotalAmt |
| Program Services | $386,769 | ProgramServicesAmt |
| Management And General | $42,974 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,272 | TotalAmt |
| Program Services | $53,345 | ProgramServicesAmt |
| Management And General | $5,927 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,092 | TotalAmt |
| Program Services | $117,083 | ProgramServicesAmt |
| Management And General | $13,009 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,436 | TotalAmt |
| Program Services | $64,292 | ProgramServicesAmt |
| Management And General | $7,144 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,941 | TotalAmt |
| Program Services | $78,247 | ProgramServicesAmt |
| Management And General | $8,694 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,190 | TotalAmt |
| Program Services | $218,871 | ProgramServicesAmt |
| Management And General | $24,319 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,024 | TotalAmt |
| Program Services | $126,022 | ProgramServicesAmt |
| Management And General | $14,002 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,865 | TotalAmt |
| Program Services | $31,379 | ProgramServicesAmt |
| Management And General | $3,486 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $304,561 | TotalAmt |
| Program Services | $274,105 | ProgramServicesAmt |
| Management And General | $30,456 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $405,530 | TotalAmt |
| Program Services | $364,977 | ProgramServicesAmt |
| Management And General | $40,553 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,631 | TotalAmt |
| Program Services | $33,868 | ProgramServicesAmt |
| Management And General | $3,763 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,085 | TotalAmt |
| Program Services | $36,077 | ProgramServicesAmt |
| Management And General | $4,008 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LOAN LOSS PROVISION & G | $1,220,506 | $1,098,455 | $122,051 |
| PROJECT & ECONOMIC DEVE | $69,586 | $62,627 | $6,959 |
| LOAN CLOSING AND SERVIC | $49,357 | $44,421 | $4,936 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,509,550 | TotalAmt |
| Program Services | $7,117,308 | ProgramServicesAmt |
| Management And General | $392,242 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,156,618 | BOYAmt |
| EOY | $21,291,977 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,630,958 | BOYAmt |
| EOY | $4,672,481 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,434 | BOYAmt |
| EOY | $172,846 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $130,454,737 | BOYAmt |
| EOY | $134,957,729 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,500 | BOYAmt |
| EOY | $6,500 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $123,654 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $116,233 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,338 | BOYAmt |
| EOY | $7,421 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,038 | BOYAmt |
| EOY | $77,038 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,728 | BOYAmt |
| EOY | $3,014 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,359,285 | BOYAmt |
| EOY | $9,918,020 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $178,822,636 | BOYAmt |
| EOY | $171,107,026 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,862,186 | BOYAmt |
| EOY | $2,142,161 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,019,162 | BOYAmt |
| EOY | $15,873,241 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $924,577 | BOYAmt |
| EOY | $1,018,484 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,805,925 | BOYAmt |
| EOY | $19,033,886 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,221,647 | BOYAmt |
| EOY | $142,356,477 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,795,064 | BOYAmt |
| EOY | $9,716,663 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $159,016,711 | BOYAmt |
| EOY | $152,073,140 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $178,822,636 | BOYAmt |
| EOY | $171,107,026 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,215,607 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$8,159,178 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $906,017 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,814,107 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,672,204 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,767,279 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,567,120 | CurrentTaxYearAmt |
| Total | $9,726,727 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,406,241 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,969,271 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,858,680 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,405,272 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,161,377 | CurrentTaxYearAmt |
| Total | $13,800,841 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,312,258 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,783,378 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,530,884 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,172,551 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,728,497 | CurrentTaxYearAmt |
| Total | $23,527,568 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $23,527,568 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $651,164 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $457,531 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $504,051 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,834,155 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,540,523 | CurrentTaxYearAmt |
| Total | $5,987,424 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $651,164 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $457,531 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $504,051 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,834,155 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,540,523 | CurrentTaxYearAmt |
| Total | $5,987,424 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $488,048 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $681,248 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $991,225 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $962,735 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $418,086 | CurrentTaxYearAmt |
| Total | $3,541,342 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $39,166 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $38,015 | CurrentTaxYearAmt |
| Total | $77,181 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,451,470 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,922,157 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,026,160 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,008,607 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,725,121 | CurrentTaxYearAmt |
| Total | $33,133,515 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.71010 | PublicSupportCY509Pct |
| Public Support PY509 | 0.74270 | PublicSupportPY509Pct |
| Investment Income CY | 0.18070 | InvestmentIncomeCYPct |
| Investment Income PY | 0.12510 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $123,654 | OtherCostOrOtherBasisAmt |
| Depreciation | $116,233 | DepreciationAmt |
| Book Value | $7,421 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $7,421 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ACCRUED INTEREST RECEIVABLE | $326,551 |
| DUE FROM REDEVELOPMENT AUTH. OF THE CITY OF MILWAUKEE | $427,752 |
| REAL ESTATE HELD FOR DEVELOPMENT | $954,517 |
| DUE FROM MEDC CAPITAL FUND VIII INVESTMENT FUND, LLC | $8,209,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $9,918,020 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| FUNDS HELD IN ESCROW | $217,520 |
| SBA LOAN GUARANTEE DEPOSIT | $100,071 |
| CASH OVERDRAFT | $593,488 |
| OTHER LIABILITIES | $92,000 |
| CLOSING FEE DEPOSIT | $15,405 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,018,484 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE AFFILIATES HAVE ELECTED TO BE TREATED AS A PASS-THROUGH ENTITY FOR INCOME TAX PURPOSES AND, AS SUCH, ARE NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND ARE REPORTED BY ITS OWNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. THE AFFILIATES' FEDERAL TAX STATUS AS A PASS-THROUGH ENTITY IS BASED ON THEIR LEGAL STATUS AS LIMITED LIABILITY COMPANIES. ACCORDINGLY, THE AFFILIATES ARE NOT REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS A PASS-THROUGH ENTITY. THE AFFILIATES ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE AFFILIATES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (42 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2 |
|---|---|---|---|---|---|---|---|
| FREDDY E HURTADO | |||||||
| 3149 S ADAMS AVE | MILWAUKEE | WI | 53207 | 389042121 | $30,000 | ME2 ENERGY PROGRAM | |
| ARCH ELECTRIC | |||||||
| W4499 SUMAC RD | PLYMOUTH | WI | 53073 | 200448850 | $567,178 | ME2 ENERGY PROGRAM | |
| TOWER ENERGY INTERNATIONAL | |||||||
| 820 WATER ST | RACINE | WI | 53403 | 271330287 | $92,090 | ME2 ENERGY PROGRAM | |
| ALVERNO COLLEGE | |||||||
| 3400 S 43RD ST | MILWAUKEE | WI | 53215 | 390806263 | $25,173 | ME2 ENERGY PROGRAM | |
| ALVERNO GARDEN APARTMENTS | |||||||
| 3728 S 43RD ST | MILWAUKEE | WI | 53220 | 396132297 | $90,000 | ME2 ENERGY PROGRAM | |
| THE NEWPORT CORPORATION | |||||||
| 1610 N PROSPECT AVE | MILWAUKEE | WI | 53202 | 390975800 | $111,420 | ME2 ENERGY PROGRAM | |
| JOMELA VALLEY HILL | |||||||
| 5601 W NORTH AVE | MILWAUKEE | WI | 53208 | 900824104 | $30,630 | ME2 ENERGY PROGRAM | |
| HELPING HANDS HABITAT LLC | |||||||
| 6320 W LUSCHER AVE | MILWAUKEE | WI | 53218 | 208591848 | $31,535 | ME2 ENERGY PROGRAM | |
| JNR LLC | |||||||
| 5121 W HIGHLANDS DR | FRANKLIN | WI | 53132 | 300329747 | $29,526 | ME2 ENERGY PROGRAM | |
| EDGEWATER TERRACE CONDO | |||||||
| 5645 N GREEN BAY RD | GLENDALE | WI | 53209 | 391342323 | $87,800 | ME2 ENERGY PROGRAM | |
| SPIN OUT COIN LAUNDRY LLC | |||||||
| 8449 E WIND LAKE RD | WATERFORD | WI | 53185 | 386908678 | $29,963 | ME2 ENERGY PROGRAM | |
| MARQUETTE LAUNDRY INC | |||||||
| 12705 ROBIN LN | BROOKFIELD | WI | 53005 | 391754758 | $29,926 | ME2 ENERGY PROGRAM | |
| TA ACQUISITION | |||||||
| 3200 W NORTH AVE | MILWAUKEE | WI | 53208 | 861116494 | $29,877 | ME2 ENERGY PROGRAM | |
| INSITE MILWAUKEE LLC | |||||||
| 1400 16TH ST- SUITE 300 | OAK BROOK | IL | 60523 | 363651222 | $30,000 | ME2 ENERGY PROGRAM | |
| 56 INVESTMENTS CORP | |||||||
| 170 W ASPEN CT-UNIT 5 | OAK CREEK | WI | 53154 | 461221446 | $92,896 | ME2 ENERGY PROGRAM | |
| JONCO INDUSTRIES INC | |||||||
| 2501 W HAMPTON AVE | MILWAUKEE | WI | 53209 | 391376839 | $121,762 | ME2 ENERGY PROGRAM | |
| ASHMAN ENTERPRISES | |||||||
| 5790 S DUNVEGAN DR | NEW BERLIN | WI | 53146 | 391944899 | $29,990 | ME2 ENERGY PROGRAM | |
| HEATING & COOLING SOLUTION | |||||||
| 2430 LATHROP AVE | RACINE | WI | 53405 | 800574888 | $25,140 | ME2 ENERGY PROGRAM | |
| WISCONSIN KNITWEAR | |||||||
| 1111 W LINCOLN AVE | MILWAUKEE | WI | 53215 | 391700837 | $23,945 | ME2 ENERGY PROGRAM | |
| AH WELLS LLC | |||||||
| 2001 W BELTLINE HWY | MADISON | WI | 53713 | 452978748 | $300,000 | ME2 ENERGY PROGRAM | |
| VISUAL IMPRESSIONS INC | |||||||
| 6600 W CALUMET RD | MILWAUKEE | WI | 53223 | 391686502 | $81,500 | ME2 ENERGY PROGRAM | |
| MILWAUKEE BREWING CO | |||||||
| 613 S 2ND ST | MILWAUKEE | WI | 53201 | 391846135 | $46,667 | ME2 ENERGY PROGRAM | |
| RUSSELL S DELONG | |||||||
| 5739 GLADSTONE LN | GREENDALE | WI | 53129 | 398724584 | $29,280 | ME2 ENERGY PROGRAM | |
| R&B WAGNER | |||||||
| 10600 W BROWN DEER RD | MILWAUKEE | WI | 53224 | 390910046 | $201,063 | ME2 ENERGY PROGRAM | |
| STAY - LITE LIGHTING INC | |||||||
| W233N2800 ROUNDY CIRCLE WEST-SUITE | PEWAUKEE | WI | 53072 | 391730435 | $62,039 | ME2 ENERGY PROGRAM | 100 |
| GREYWOLF PARTNERS INC | |||||||
| 9000 W CHESTER ST-SUITE 350 | MILWAUKEE | WI | 53214 | 271483786 | $13,611 | ME2 ENERGY PROGRAM | |
| GENEVA EXCHANGE FUND XLV II LLC | |||||||
| 115 S 84TH ST-SUITE 350 | MILWAUKEE | WI | 53214 | 043827638 | $13,309 | ME2 ENERGY PROGRAM | |
| GENEVA EXCHANGE FUND L LLC | |||||||
| 9000 W CHESTER ST-SUITE 350 | MILWAUKEE | WI | 53214 | 043827666 | $8,288 | ME2 ENERGY PROGRAM | |
| GENEVA EXCHANGE FUND XLV III LLC | |||||||
| 115 S 84TH ST-SUITE 350 | MILWAUKEE | WI | 53214 | 043827660 | $13,149 | ME2 ENERGY PROGRAM | |
| PENFIELD CHILDREN'S CENTER INC | |||||||
| 833 N 26TH ST | MILWAUKEE | WI | 53233 | 391093701 | $18,215 | ME2 ENERGY PROGRAM | |
| RAIT REUSS FEDERAL PLAZA LLC | |||||||
| 310 W WISCONSIN AVE- 1450 | MILWAUKEE | WI | 53203 | 260902129 | $300,000 | ME2 ENERGY PROGRAM | |
| REXNORD INDUSTRIES LLC | |||||||
| 3001 CANAL ST | MILWAUKEE | WI | 53208 | 391626766 | $7,239 | ME2 ENERGY PROGRAM | |
| DILLETT MECHANICAL SERVICE INC | |||||||
| 21625 DORAL RD | WAUKESHA | WI | 53186 | 391846877 | $30,000 | ME2 ENERGY PROGRAM | |
| LANDMARK ON THE LAKE CONDO ASSOC | |||||||
| 1660 N PROSPECT AVE | MILWAUKEE | WI | 53202 | 389608678 | $264,884 | ME2 ENERGY PROGRAM | |
| HUMBOLDT TWELVE LLC | |||||||
| 7475 N RIVER RD | RIVER HILLS | WI | 53218 | 455498862 | $29,058 | ME2 ENERGY PROGRAM | |
| GSD ENTERPRISES LLC | |||||||
| 7833 W HAWTHORNE RD | MEQUON | WI | 53097 | 261972201 | $30,000 | ME2 ENERGY PROGRAM | |
| COMMON BOND COMMUNITIES | |||||||
| 328 W KELLOGG BLVD | ST PAUL | MN | 55102 | 411260469 | $52,759 | ME2 ENERGY PROGRAM | |
| AURORA HEALTH CARE METRO INC | |||||||
| 2900 W OKLAHOMA | MILWAUKEE | WI | 53215 | 390806181 | $94,044 | ME2 ENERGY PROGRAM | |
| COMPASS PROPERTIES LLC | |||||||
| 735 NORTH WATER ST-SUITE M180 | MILWAUKEE | WI | 53202 | 391977290 | $267,922 | ME2 ENERGY PROGRAM | |
| MILWAUKEE ATHLETIC CLUB | |||||||
| 758 N BROADWAY | MILWAUKEE | WI | 53202 | 390475250 | $38,043 | ME2 ENERGY PROGRAM | |
| US BANK NATIONAL ASSOCITATION | |||||||
| 777 E WISCONSIN AVE-SUITE 3175 | MILWAUKEE | WI | 53202 | 310841368 | $64,196 | ME2 ENERGY PROGRAM | |
| GPS EDUCATION GRANT | |||||||
| 13000 SILVER SPRING DR | BUTLER | WI | 53007 | 391667442 | $25,000 | EDUCATION GRANT | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 41 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION UTILIZES AN ACCOUNTING SOFTWARE PACKAGE WHICH TRACKS THE AMOUNT OF GRANTS ISSUED THROUGHOUT THE YEAR, WHICH IS MONITORED BY THE BOARD. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WALSH PATRICK G | ||||||||||||||
| DIRECTOR | $153,017 | $0 | $0 | $0 | $0 | $0 | $9,346 | $0 | $5,364 | $0 | $167,727 | $0 | $0 | $0 |
| LATONA DAVID E | ||||||||||||||
| PRESIDENT/DIRECTOR | $168,588 | $0 | $0 | $0 | $0 | $0 | $10,146 | $0 | $27,599 | $0 | $206,333 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE, COMPRISED OF 10 DIRECTORS OF THE ORGANIZATION, HAS FULL GOVERNING AUTHORITY OVER THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS SIX CLASSES OF DIRECTORS, OF WHICH ALL ARE MEMBERS. THE CLASS I, II, III, AND IV DIRECTORS COMPRISE 9 OF 10 SEATS ON THE EXECUTIVE COMMITTEE. THE LAST SEAT OF THE EXECUTIVE COMMITTEE IS A CLASS V DIRECTOR THAT WAS APPOINTED BY A VOTE OF ALL CLASS V DIRECTORS. THE 10 MEMBER EXECUTIVE COMMITTEE ELECTS ALL DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO FILING. A FILED COPY OF THE FORM 990 IS AVAILABLE TO ALL DIRECTORS FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | STAFF ANNUALLY REQUESTS UPDATED FORMS FROM THE BOARD AND STAFF. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CORPORATION ENGAGED AN OUTSIDE CONSULTING FIRM, MRA, TO REVIEW JOB DESCRIPTIONS FOR ALL POSITIONS AND COMPARE COMPENSATION WITH PUBLISHED AND UNPUBLISHED SALARY AND BENEFIT SURVEYS. PAY RANGES WERE ESTABLISHED USING THIS MARKET INFORMATION. MRA ALSO PROVIDED A BENEFITS COMPARISON TO MARKET, WHICH WAS USED AS THE BASIS FOR MANAGEMENT TO ADJUST SOME BENEFITS. THIS PROCESS WAS LAST DONE IN 2011. |
| FORM 990, PART VI, SECTION C, LINE 19 | SUMMARY FINANCIAL INFORMATION IS PUBLISHED IN OUR ANNUAL REPORT. THE ANNUAL REPORT, FINANCIAL REPORTS AND POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | NON-CONTROLLING MEMBER CONTRIBUTIONS 12,000,000. DISTRIBUTIONS TO NON-CONTROLLING MEMBERS -1,417,406. ACQUISITION OF NON-CONTROLLING INTEREST -19,645,744. PARTNERSHIP DISTRIBUTIONS 903,972. |
| FORM 990, PART XII, LINE 2C: | NO CHANGES HAVE BEEN MADE FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| M&I MEDC FUND | |||||||||
| 809 NORTH BROADWAY ROOM 104 | MILWAUKEE | WI | 53202 | 204312618 | OWNS 100% OF MEDC CAPITAL FUND I, LLC | WI | $762,310 | $17,551,488 | MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION |
| MEDC CAPITAL FUND I LLC | |||||||||
| 809 NORTH BROADWAY ROOM 104 | MILWAUKEE | WI | 53202 | 200935453 | LENDING | WI | $762,310 | $17,551,488 | M&I MEDC FUND |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (8 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MEDC CAPITAL FUND II LLC | |||||||||||||
| 809 N BROADWAY | MILWAUKEE | WI | 53202 | 352319023 | LENDING | WI | N/A | UNRELATED | $418,204 | $13,393,806 | 0 | Yes (1) | 0.00010 |
| MEDC CAPITAL FUND III LLC | |||||||||||||
| 809 N BROADWAY | MILWAUKEE | WI | 53202 | 352319024 | LENDING | WI | N/A | UNRELATED | $458,448 | $22,058,870 | 0 | Yes (1) | 0.00010 |
| MEDC CAPITAL FUND IV LLC | |||||||||||||
| 809 N BROADWAY | MILWAUKEE | WI | 53202 | 943451031 | LENDING | WI | N/A | UNRELATED | $307,924 | $6,831,028 | 0 | Yes (1) | 0.00010 |
| MEDC CAPITAL FUND V | |||||||||||||
| 809 N BROADWAY | MILWAUKEE | WI | 53202 | 943451022 | LENDING | WI | N/A | UNRELATED | -$200 | $14,068,265 | 0 | Yes (1) | 0.00010 |
| MEDC CAPITAL FUND VI | |||||||||||||
| 809 N BROADWAY | MILWAUKEE | WI | 53202 | 943451025 | LENDING | WI | N/A | UNRELATED | $77,509 | $18,880,653 | 0 | Yes (1) | 0.00010 |
| MEDC CAPITAL FUND VII LLC | |||||||||||||
| 809 N BROADWAY | MILWAUKEE | WI | 53202 | 943451034 | LENDING | WI | N/A | UNRELATED | $155,876 | $14,064,327 | 0 | Yes (1) | 0.00010 |
| CHASE NMTC INGETEAM INVESTMENT FUND LLC | |||||||||||||
| 809 N BROADWAY | MILWAUKEE | WI | 53202 | 274446984 | LENDING | WI | N/A | UNRELATED | -$200 | $14,068,265 | 0 | Yes (1) | 0.00010 |
| MEDC CAPITAL FUND VIII LLC | |||||||||||||
| 809 N BROADWAY | MILWAUKEE | WI | 53202 | 943451040 | LENDING | WI | N/A | UNRELATED | $12,002,000 | 0 | Yes (1) | 0.00010 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEDC CAPITAL FUND I LLC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | Q | TransactionTypeTxt |
| Involved | $43,224 | InvolvedAmt |
| Method Of Amount Determination | ACTUAL | MethodOfAmountDeterminationTxt |