Totals
- Total revenue
- $75,418,252
- Total expenses
- $76,687,189
- Contributions and grants received
- $12,715,131
- Grants paid
- $0
- Program service revenue
- $59,524,189
- Investment income
- $559,406
- Other revenue
- $2,619,526
- Total assets, end of year
- $110,150,946
- Total liabilities, end of year
- $84,829,194
- Net assets or fund balances, end of year
- $25,321,752
- Program services expenses (Part IX)
- $69,363,578
- Management and general expenses
- $6,506,348
- Fundraising expenses
- $817,263
- Program service expenses (Part III)
- $69,363,578
Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$110,000
-
1e · Government grants (contributions)
$10,000
-
1f · All other contributions, gifts and grants
$12,595,131
-
1g · Noncash contributions included above
$56,626
-
2a · Program service revenue: FESTIVALS & OTHER EVENTS
total $57,370,437 · related or exempt $56,496,635 · unrelated business $873,802
-
2b · Program service revenue: PARKING REVENUE
total $1,524,689 · unrelated business $980 · excluded $1,523,709
-
2c · Program service revenue: GIFT AND SOUVENIOR SALES
total $576,047 · unrelated business $576,047
-
2d · Program service revenue: CONSULTING & SIGNS SERVICES
total $15,000 · unrelated business $15,000
-
2f · All other program service revenue
total $38,016 · related or exempt $38,016
-
3 · Investment income
total $558,528 · excluded $558,528
-
5 · Royalties
total $297,867 · excluded $297,867
-
6a · Gross rents
real property $2,716,169 · personal property $17,563
-
6b · Less rental expenses
real property $454,040 · personal property $0
-
6c · Rental income or loss
real property $2,262,129 · personal property $17,563
-
6d · Net rental income or loss
total $2,279,692 · related or exempt $754,585 · unrelated business $374,113 · excluded $1,150,994
-
7a · Gross sales of assets other than inventory
other assets $878
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $878
-
7d · Net gain or loss
total $878 · excluded $878
-
8a · Fundraising events: gross income
$309,649
-
8a · Fundraising events: contributions included on line 1c
$110,000
-
8b · Fundraising events: direct expenses
$312,682
-
8c · Net income from fundraising events
total -$3,033 · excluded -$3,033
-
11a · Other revenue: ADVERTISING REVENUE
total $45,000 · unrelated business $45,000
-
11e · Other revenue, total
$45,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,830,630 · program services $1,373,774 · management and general $1,009,705 · fundraising $447,151
-
7 · Other salaries and wages
total $7,842,868 · program services $6,649,823 · management and general $899,790 · fundraising $293,255
-
8 · Pension plan contributions
total $402,631 · program services $257,154 · management and general $145,477
-
9 · Other employee benefits
total $480,968 · program services $64,871 · management and general $416,097
-
10 · Payroll taxes
total $1,052,291 · program services $605,824 · management and general $446,467
-
11b · Fees: legal
total $75,144 · management and general $75,144
-
11c · Fees: accounting
total $41,400 · management and general $41,400
-
11g · Fees: other
total $4,482,555 · program services $4,041,341 · management and general $441,214
-
12 · Advertising and promotion
total $2,836,016 · program services $2,726,726 · management and general $39,155 · fundraising $70,135
-
13 · Office expenses
total $590,119 · program services $93,859 · management and general $496,260
-
14 · Information technology
total $102,831 · management and general $102,831
-
16 · Occupancy
total $2,709,647 · program services $1,770,650 · management and general $938,997
-
17 · Travel
total $806 · management and general $806
-
19 · Conferences, conventions and meetings
total $54,590 · program services $1,862 · management and general $52,728
-
20 · Interest
total $1,507,153 · program services $1,507,153
-
22 · Depreciation, depletion and amortization
total $11,668,528 · program services $11,192,879 · management and general $475,649
-
23 · Insurance
total $874,319 · program services $39,424 · management and general $834,895
-
24a · Other expenses: ENTERTAINER AND PRODUCT
total $28,091,425 · program services $28,090,775 · management and general $650
-
24b · Other expenses: FESTIVAL EXPENSES
total $6,786,088 · program services $6,779,366 · fundraising $6,722
-
24c · Other expenses: EQUIPMENT AND SUPPLIES
total $3,215,878 · program services $3,165,634 · management and general $50,244
-
24d · Other expenses: SITE STAGING AND SUPPLI
total $238,658 · program services $238,658
-
24e · All other expenses
total $802,644 · program services $763,805 · management and general $38,839
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $446,757 · end of year $430,499
-
2 · Savings and temporary cash investments
beginning of year $5,552,007 · end of year $5,148,067
-
3 · Pledges and grants receivable
beginning of year $1,320,243 · end of year $940,220
-
4 · Accounts receivable
beginning of year $1,343,573 · end of year $1,237,599
-
8 · Inventories for sale or use
beginning of year $255,924 · end of year $265,000
-
9 · Prepaid expenses and deferred charges
beginning of year $316,505 · end of year $438,612
-
10a · Land, buildings and equipment: cost or other basis
$190,252,776
-
10b · Land, buildings and equipment: accumulated depreciation
$116,971,195
-
10c · Land, buildings and equipment, net
beginning of year $84,483,268 · end of year $73,281,581
-
11 · Investments: publicly traded securities
beginning of year $7,500,000 · end of year $15,100,000
-
15 · Other assets
beginning of year $15,128,999 · end of year $13,309,368
-
17 · Accounts payable and accrued expenses
beginning of year $1,797,644 · end of year $1,556,146
-
19 · Deferred revenue
beginning of year $34,192,996 · end of year $33,587,942
-
20 · Tax-exempt bond liabilities
beginning of year $15,668,788 · end of year $15,674,723
-
23 · Secured mortgages and notes payable
beginning of year $20,772,053 · end of year $18,519,766
-
25 · Other liabilities
beginning of year $16,946,072 · end of year $15,490,617
-
27 · Net assets without donor restrictions
beginning of year $26,969,723 · end of year $25,321,752
Mission and programs · 2023
Mission
THE CORPORATION SHALL BE A CIVIC ORGANIZATION NOT ORGANIZED FOR PROFIT BUT OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING IN FURTHERANCE THEREOF, THE PRODUCTION OF AN ANNUAL FESTIVAL IN THE MILWAUKEE METROPOLITAN AREA KNOWN AS SUMMERFEST, THE PRODUCTION OF OTHER EVENTS AND ETHNIC FESTIVALS DURING AN ANNUAL FESTIVAL SEASON DURING THE MONTHS OF MAY THROUGH OCTOBER OF EACH YEAR, ALL OF THE AFOREMENTIONED ACTIVITIES BEING DIRECTED TOWARD PROMOTING AN UNDERSTANDING BY MEMBERS OF THE GENERAL PUBLIC OF DIFFERENT ETHNIC CULTURES, EDUCATING THE GENERAL PUBLIC IN THE HISTORIES AND TRADITIONS OF VARIOUS NATIONALITIES, PROVIDING A SUITABLE SHOWCASE FOR THE PERFORMING ARTS, PROVIDING ACTIVITIES AND RECREATION AVAILABLE TO THE GENERAL PUBLIC, PROMOTING RACIAL AND ETHNIC HARMONY IN THE COMMUNITY, PROMOTING CIVIC PRIDE, AND PROVIDING EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY'S YOUTH.
Activities or mission (Part I)
THE MISSION OF MILWAUKEE WORLD FESTIVAL, INC. IS TO PROMOTE AN UNDERSTANDING OF DIFFERENT ETHNIC 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.
-
SUMMERFEST IS AN ANNUAL FESTIVAL IN THE MILWAUKEE METROPOLITAN AREA. IT IS THE WORLD'S LARGEST MUSIC FESTIVAL. TOTAL ATTENDANCE WAS 624,407 IN 2023.
Expenses $29,892,613 · Revenue $38,702,324
-
THIS CATEGORY REPRESENTS SEASONAL OPERATING REVENUES AND EXPENSES THAT ARE NOT DIRECTLY ATTRIBUTED TO A SPECIFIC EVENT. ADDITIONALLY, IT REPRESENTS OTHER INCOME AND EXPENSE.
Expenses $22,742,870 · Revenue $77,764
-
THIS CATEGORY REPRESENTS ETHNIC AND CULTURAL EVENTS, MUSIC CONCERTS AND OTHER EVENTS INCLUDING WALKS/RUNS FOR CHARITY. TOTAL ATTENDANCE WAS 590,987 IN 2023.
Expenses $16,724,912 · Revenue $18,509,148
-
THIS CATEGORY REPRESENTS CONSULTING, PRODUCTION, STAFFING AND MANAGEMENT SERVICES PROVIDED TO OTHER ENTITIES PRODUCING EVENTS.
Expenses $3,183
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mary Ellen StanekMARY ELLEN STANEK
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 0.4
-
Ted KellnerTED KELLNER
FIRST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.4
-
Cory NettlesCORY NETTLES
SECOND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.4
-
Tim SheehyTIM SHEEHY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.4
-
Joanne BischmannJOANNE BISCHMANN
AT-LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
David CasperDAVID CASPER
DESIGNATED BY BMO HARRIS BANK, NA (THRU MAY 2023)
- Total calculated
- $0
- Hours/week
- 0.4
-
Michael D'AmatoMICHAEL D'AMATO
CITIZEN DESIGNEE BY MAYOR (THRU MAR 2023)
- Total calculated
- $0
- Hours/week
- 0.4
-
Dana GuthrieDANA GUTHRIE
AT-LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
Aaron JagdfeldAARON JAGDFELD
DESIGNATED BY GENERAC POWER SYSTEMS, INC.
- Total calculated
- $0
- Hours/week
- 0.4
-
Mike LauerMIKE LAUER
AT-LARGE BOARD MEMBER (THRU MAR 2023)
- Total calculated
- $0
- Hours/week
- 0.4
-
Michael MaistelmanMICHAEL MAISTELMAN
CITIZEN DESIGNEE BY MILWAUKEE COMMON COUNCIL
- Total calculated
- $0
- Hours/week
- 0.4
-
Dan MinahanDAN MINAHAN
AT-LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
Mike MitchellMIKE MITCHELL
UNITED ETHNIC FESTIVALS REP.
- Total calculated
- $0
- Hours/week
- 0.4
-
Andy NunemakerANDY NUNEMAKER
CITIZEN DESIGNEE BY MILWAUKEE COUNTY EXECUTIVE
- Total calculated
- $0
- Hours/week
- 0.4
-
Luke OlsonLUKE OLSON
UNITED ETHNIC FESTIVALS REP.
- Total calculated
- $0
- Hours/week
- 0.4
-
Joan PrinceJOAN PRINCE
CITIZEN DESIGNEE BY MAYOR OF MILWAUKEE
- Total calculated
- $0
- Hours/week
- 0.4
-
Eric RadueERIC RADUE
UNITED ETHNIC FESTIVALS REP.
- Total calculated
- $0
- Hours/week
- 0.4
-
Jack SalzwedelJACK SALZWEDEL
AT-LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
Jud SnyderJUD SNYDER
DESIGNATED BY BMO HARRIS BANK, NA
- Total calculated
- $0
- Hours/week
- 0.4
-
Paul SweeneyPAUL SWEENEY
AT-LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
Greg WesleyGREG WESLEY
AT-LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
Mike WhiteMIKE WHITE
AT-LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
Peggy Williams-SmithPEGGY WILLIAMS-SMITH
AT-LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
Jim WrightJIM WRIGHT
DESIGNATED BY MOLSON COORS BEVERAGE COMPANY
- Total calculated
- $0
- Hours/week
- 0.4
-
Anne ZizzoANNE ZIZZO
AT-LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.4
-
Don SmileyDON SMILEY
CHIEF EXECUTIVE OFFICER - NON VOTING
- Total calculated
- $961,573
- From this org
- $882,887
- From related orgs
- $0
- Other
- $78,686
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $786,515
- Bonus
- $81,735
- Other
- $14,637
- Deferred
- $49,500
- Nontaxable benefits
- $29,186
- Filer's total
- $961,573
-
Sarah PancheriSARAH PANCHERI
PRESIDENT - NON VOTING
- Total calculated
- $438,895
- From this org
- $377,865
- From related orgs
- $0
- Other
- $61,030
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $343,365
- Bonus
- $34,500
- Other
- $0
- Deferred
- $49,500
- Nontaxable benefits
- $11,530
- Filer's total
- $438,895
-
Chuck HarveyCHUCK HARVEY
TREASURER - NON VOTING
- Total calculated
- $0
- Hours/week
- 0.4
-
Howard SchnollHOWARD SCHNOLL
SECRETARY - NON VOTING (THRU MAR 2023)
- Total calculated
- $0
- Hours/week
- 0.4
-
Howard SosoffHOWARD SOSOFF
CHAIRMAN OF THE BOARD EMERITUS - NON VOTING
- Total calculated
- $0
- Hours/week
- 0.4
-
Zach HasensteinZACH HASENSTEIN
VICE PRESIDENT/CFO
- Total calculated
- $268,106
- From this org
- $207,563
- From related orgs
- $0
- Other
- $60,543
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $188,063
- Bonus
- $19,500
- Other
- $0
- Deferred
- $32,163
- Nontaxable benefits
- $28,380
- Filer's total
- $268,106
-
Mary SchanningMARY SCHANNING
CAO AND GENERAL COUNSEL
- Total calculated
- $232,648
- From this org
- $199,602
- From related orgs
- $0
- Other
- $33,046
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $190,102
- Bonus
- $9,500
- Other
- $0
- Deferred
- $29,964
- Nontaxable benefits
- $3,082
- Filer's total
- $232,648
-
Jason StueweJASON STUEWE
VP PLANNING/DEVELOPMENT
- Total calculated
- $243,906
- From this org
- $197,899
- From related orgs
- $0
- Other
- $46,007
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $179,699
- Bonus
- $18,200
- Other
- $0
- Deferred
- $30,064
- Nontaxable benefits
- $15,943
- Filer's total
- $243,906
-
Kevin CanadyKEVIN CANADY
VP SALES & BUSINESS DEVELOPMENT
- Total calculated
- $225,467
- From this org
- $194,272
- From related orgs
- $0
- Other
- $31,195
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $157,864
- Bonus
- $36,408
- Other
- $0
- Deferred
- $29,141
- Nontaxable benefits
- $2,054
- Filer's total
- $225,467
-
Gaye LittellGAYE LITTELL
VP/EXECUTIVE PRODUCER
- Total calculated
- $232,204
- From this org
- $191,263
- From related orgs
- $0
- Other
- $40,941
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $175,063
- Bonus
- $16,200
- Other
- $0
- Deferred
- $29,440
- Nontaxable benefits
- $11,501
- Filer's total
- $232,204
-
Scott ZielSCOTT ZIEL
VP OF ENTERTAINMENT
- Total calculated
- $227,832
- From this org
- $173,951
- From related orgs
- $0
- Other
- $53,881
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $156,951
- Bonus
- $17,000
- Other
- $0
- Deferred
- $28,050
- Nontaxable benefits
- $25,831
- Filer's total
- $227,832
-
Derrick HarrisDERRICK HARRIS
DIRECTOR OF SECURITY
- Total calculated
- $162,901
- From this org
- $139,468
- From related orgs
- $0
- Other
- $23,433
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $126,668
- Bonus
- $12,800
- Other
- $0
- Deferred
- $21,069
- Nontaxable benefits
- $2,364
- Filer's total
- $162,901
-
Lena DeleatLENA DELEAT
SALES DIRECTOR-SPONSORSHIP
- Total calculated
- $169,103
- From this org
- $137,484
- From related orgs
- $0
- Other
- $31,619
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $112,145
- Bonus
- $25,339
- Other
- $0
- Deferred
- $21,223
- Nontaxable benefits
- $10,396
- Filer's total
- $169,103
-
Shawn WatkinsSHAWN WATKINS
INFRASTRUCTURE ENGINEER MANAGER
- Total calculated
- $171,683
- From this org
- $134,158
- From related orgs
- $0
- Other
- $37,525
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $121,358
- Bonus
- $12,800
- Other
- $0
- Deferred
- $21,151
- Nontaxable benefits
- $16,374
- Filer's total
- $171,683
-
Vic ThomasVIC THOMAS
ASSOCIATE ENTERTAINMENT DIRECTOR
- Total calculated
- $157,103
- From this org
- $125,359
- From related orgs
- $0
- Other
- $31,744
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $116,159
- Bonus
- $9,200
- Other
- $0
- Deferred
- $19,014
- Nontaxable benefits
- $12,730
- Filer's total
- $157,103
-
Nick VolzNICK VOLZ
SOFTWARE ENGINEERING MANAGER
- Total calculated
- $157,110
- From this org
- $122,637
- From related orgs
- $0
- Other
- $34,473
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $112,337
- Bonus
- $10,300
- Other
- $0
- Deferred
- $18,774
- Nontaxable benefits
- $15,699
- Filer's total
- $157,110
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION RECEIVES TWO MEMBERSHIPS TO CLUBS. THE PERSONAL USE OF THE CLUBS IS REPORTED AS TAXABLE COMPENSATION. THE COST OF THE BENEFIT TO THE ORGANIZATION IS $11,064.
- PART I, LINE 7
- ALL BONUS PAYMENTS AND COMMISSIONS ARE CONSIDERED FIXED. BONUSES ARE SET AS A PERCENTAGE OF COMPENSATION BASED ON AN INDIVIDUAL'S PERFORMANCE RATINGS AND COMPANY MEETING BUDGET. COMMISSIONS ARE A FIXED AMOUNT PAID BASED ON INCREMENTAL REVENUE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MWF LLC
SEE PART VII · WI · income $14,515,259 · assets $352,025
Directly controlled by MILWAUKEE WORLD FESTIVAL INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349305811
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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