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← MMAC COMMUNITY SUPPORT FOUNDATION INC

Form 990 for tax year 2024

Filed by MMAC COMMUNITY SUPPORT FOUNDATION INC.

Totals

Total revenue
$2,589,771
Total expenses
$2,599,223
Contributions and grants received
$2,555,009
Grants paid
$70,000
Program service revenue
$0
Investment income
$34,762
Other revenue
$0
Total assets, end of year
$1,608,392
Total liabilities, end of year
$544,042
Net assets or fund balances, end of year
$1,064,350
Program services expenses (Part IX)
$2,544,735
Management and general expenses
$54,488
Fundraising expenses
$0
Program service expenses (Part III)
$2,544,735

Program services were 97.9% 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.

  • 1e · Government grants (contributions)

    $136,103

  • 1f · All other contributions, gifts and grants

    $2,418,906

  • 3 · Investment income

    total $34,762 · excluded $34,762

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $70,000 · program services $70,000

  • 11c · Fees: accounting

    total $21,000 · management and general $21,000

  • 13 · Office expenses

    total $1,679 · management and general $1,679

  • 17 · Travel

    total $31,809 · management and general $31,809

  • 24a · Other expenses: REPUBLICAN NATIONAL CON

    total $1,795,001 · program services $1,795,001

  • 24b · Other expenses: WISCONSIN READ EXPENSE

    total $375,000 · program services $375,000

  • 24c · Other expenses: HISPANIC COMMUNITY COLL

    total $225,234 · program services $225,234

  • 24d · Other expenses: REBUILD AND REVITALIZE

    total $53,500 · program services $53,500

  • 24e · All other expenses

    total $26,000 · program services $26,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,298 · end of year $1,270

  • 2 · Savings and temporary cash investments

    beginning of year $213,827 · end of year $768,336

  • 3 · Pledges and grants receivable

    beginning of year $1,247,027 · end of year $350,475

  • 11 · Investments: publicly traded securities

    beginning of year $274,989 · end of year $488,311

  • 17 · Accounts payable and accrued expenses

    beginning of year $83,929 · end of year $0

  • 18 · Grants payable

    beginning of year $586,671 · end of year $444,573

  • 21 · Escrow or custodial account liability

    beginning of year $7,834 · end of year $97,834

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,635

  • 27 · Net assets without donor restrictions

    beginning of year -$26,522 · end of year $438,969

  • 28 · Net assets with donor restrictions

    beginning of year $1,100,229 · end of year $625,381

Mission and programs · 2024

Mission

TO SUPPORT PROJECTS AND ACTIVITIES THAT BENEFIT THE GREATER MILWAUKEE AREA, WITH SPECIAL FOCUS ON EDUCATIONAL ATTAINMENT, WORKFORCE ENHANCEMENT AND ECONOMIC DEVELOPMENT

  • THE HISPANIC COLLABORATIVE IS AN INTUITIVE TO IMPROVE HISPANIC VITALITY AND PROSPERITY BY INCREASING HISPANIC EMPLOYMENT LEVELS AND BUILDING ECONOMIC POWER THROUGH ENTREPRENEURIALISM AND INNOVATION IN MILWAUKEE. THIS INITIATIVE WILL FOCUS ON STRATEGIES TO MOVE WORKING INDIVIDUALS INTO GREATER PAYING, MORE SKILLED POSITIONS; STRATEGIES TO LEVERAGE GROWTH AND STARTUP PROGRAMS, INCUBATORS, REGIONAL CLUSTERS, AND FINANCING OPTIONS TO INCREASE THE NUMBER OF HISPANIC OWNED BUSINESSES; AND INCREASE PARTICIPATION IN THE VOTING ELECTORATE, POSITIONS OF PUBLIC SERVICE AND POLICY INFLUENCE IS FAR BELOW THE LEVEL NECESSARY TO ENSURE THAT OUR VIEWPOINTS ARE HEARD AND INCORPORATED INTO ACTIONS THAT HAVE A DIRECT IMPACT.

    Expenses $225,234

  • WISCONSIN READS PROGRAM - A COLLABORATIVE EFFORT TO ENHANCE LITERACY EDUCATION IN WISCONSIN WAS ADDED DURING THE FISCAL YEAR.

    Expenses $375,000

  • RNC HOST COMMITTEE - THE FOUNDATION WORKED WITH MKE 2024 HOST COMMITTEE INRECEIVING DONATIONS TOWARDS THE REPUBLICAN NATIONAL CONVENTION TO BE HELD IN MILWAUKEE IN 2024.

    Expenses $1,845,001 · Grants $50,000

  • TEALS PROGRAM - THIS IS A PROGRAM SUPPORTED BY ARGOSY FOUNDATION IN CONJUNCTION WITH THE MICROSOFT FOUNDATION WHERE CODING AND STEM CURRICULUMS ARE BROUGHT INTO AREA HIGH SCHOOLS AND TAUGHT BY SUBJECT MATTER PROFESSIONALS, EMPLOYED IN LOCAL COMPANIES, WHO VOLUNTEER THEIR TIME AND EXPERTISE IN THE CLASSROOM.

  • REBUILD AND REVITALIZE - THIS PROGRAM WAS THE MILWAUKEE BUSINESS COMMUNITY'S RESPONSE TO PROPERTY DAMAGE THAT OCCURRED DURING THE SOCIAL JUSTICE PROTESTS THAT OCCURRED IN 2020. BUSINESS WHOSE PROPERTY WAS DAMAGED RECEIVED GRANTS TO REPAIR PROPERTY AND/OR REPLACE INVENTORY. THE INITIATIVE ALSO ASSISTED BUSINESSES THAT MAY NOT HAVE BEEN DIRECTLY AFFECTED BUT WERE LOCATED IN IMPACTED AREAS.

    Expenses $73,500 · Grants $20,000

  • ALL-IN-MILWAUKEE PROGRAM - THIS PROGRAM WAS TO SUPPORT THE ORGANIZATION ALL-IN-MILWAUKEE'S MISSION TO PROVIDE SCHOLARSHIPS.

  • EDUCATION DOCUMENTARY

    Expenses $26,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ULICE PAYNE JR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • AUSTIN RAMIREZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JULIE GRANGER

    TREASURER/SECRETARY - PART YEAR

    Total calculated
    $23,066
    From this org
    $0
    From related orgs
    $21,926
    Other
    $1,140
    Hours/week
    1 + 40 related

  • CRAIG KAMMHOLZ

    CFO

    Total calculated
    $294,152
    From this org
    $0
    From related orgs
    $248,621
    Other
    $45,531
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,621 related
    Bonus
    $0 + $55,000 related
    Other
    $0
    Deferred
    $0 + $11,923 related
    Nontaxable benefits
    $0 + $33,608 related
    Filer's total
    $0 + $294,152 related

  • LYNN OLBERDING

    COO

    Total calculated
    $150,603
    From this org
    $0
    From related orgs
    $111,712
    Other
    $38,891
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $101,712 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $5,940 related
    Nontaxable benefits
    $0 + $32,951 related
    Filer's total
    $0 + $150,603 related

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 April 2026
IRS schema version
2024v5.5
Source object
202631119349301128

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