Form 990 for tax year 2023
Filed by MILWAUKEE PUBLIC LIBRARY FOUNDATION INC.
Totals
- Total revenue
- $1,847,875
- Total expenses
- $2,209,872
- Contributions and grants received
- $1,801,869
- Grants paid
- $1,140,461
- Program service revenue
- $0
- Investment income
- $79,734
- Other revenue
- -$33,728
- Total assets, end of year
- $3,672,727
- Total liabilities, end of year
- $103,084
- Net assets or fund balances, end of year
- $3,569,643
- Program services expenses (Part IX)
- $1,371,946
- Management and general expenses
- $385,826
- Fundraising expenses
- $452,100
- Program service expenses (Part III)
- $1,371,946
Program services were 62.1% 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
$407,390
-
1e · Government grants (contributions)
$185,046
-
1f · All other contributions, gifts and grants
$1,209,433
-
1g · Noncash contributions included above
$15,150
-
3 · Investment income
total $43,535 · excluded $43,535
-
7a · Gross sales of assets other than inventory
securities $43,439
-
7b · Less cost or other basis and sales expenses
securities $7,240
-
7c · Gain or loss
securities $36,199
-
7d · Net gain or loss
total $36,199 · excluded $36,199
-
8a · Fundraising events: gross income
$43,437
-
8a · Fundraising events: contributions included on line 1c
$407,390
-
8b · Fundraising events: direct expenses
$77,165
-
8c · Net income from fundraising events
total -$33,728 · excluded -$33,728
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,140,461 · program services $1,140,461
-
5 · Compensation of officers, directors and key employees
total $195,480 · program services $18,082 · management and general $92,853 · fundraising $84,545
-
7 · Other salaries and wages
total $410,818 · program services $118,997 · management and general $105,629 · fundraising $186,192
-
8 · Pension plan contributions
total $22,428 · program services $5,262 · management and general $7,130 · fundraising $10,036
-
9 · Other employee benefits
total $106,544 · program services $29,851 · management and general $29,100 · fundraising $47,593
-
10 · Payroll taxes
total $37,232 · program services $8,736 · management and general $11,837 · fundraising $16,659
-
11c · Fees: accounting
total $57,735 · management and general $57,735
-
11f · Fees: investment management
total $13,734 · management and general $13,734
-
11g · Fees: other
total $44,243 · management and general $19,343 · fundraising $24,900
-
13 · Office expenses
total $73,197 · program services $45,408 · management and general $11,543 · fundraising $16,246
-
14 · Information technology
total $15,264 · fundraising $15,264
-
17 · Travel
total $9,112 · program services $2,137 · management and general $2,898 · fundraising $4,077
-
22 · Depreciation, depletion and amortization
total $11,620 · program services $2,727 · management and general $3,694 · fundraising $5,199
-
24a · Other expenses: DONOR OUTREACH
total $39,139 · fundraising $39,139
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $11,803 · management and general $11,803
-
24c · Other expenses: BAD DEBT EXPENSE
total $6,487 · management and general $6,487
-
24e · All other expenses
total $14,575 · program services $285 · management and general $12,040 · fundraising $2,250
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $165 · end of year $165
-
2 · Savings and temporary cash investments
beginning of year $444,191 · end of year $324,609
-
3 · Pledges and grants receivable
beginning of year $640,349 · end of year $407,497
-
4 · Accounts receivable
beginning of year $14,371 · end of year $6,906
-
9 · Prepaid expenses and deferred charges
beginning of year $6,138 · end of year $1,633
-
10a · Land, buildings and equipment: cost or other basis
$71,196
-
10b · Land, buildings and equipment: accumulated depreciation
$22,928
-
10c · Land, buildings and equipment, net
beginning of year $46,988 · end of year $48,268
-
11 · Investments: publicly traded securities
beginning of year $1,628,041 · end of year $1,896,306
-
12 · Investments: other securities
beginning of year $46,158 · end of year $60,172
-
15 · Other assets
beginning of year $875,702 · end of year $927,171
-
17 · Accounts payable and accrued expenses
beginning of year $46,128 · end of year $103,084
-
27 · Net assets without donor restrictions
beginning of year -$225,802 · end of year $192,347
-
28 · Net assets with donor restrictions
beginning of year $3,881,777 · end of year $3,377,296
Mission and programs · 2023
Mission
THE MISSION OF THE MILWAUKEE PUBLIC LIBRARY FOUNDATION IS TO PROVIDE ESSENTIAL SUPPORT THROUGH PRIVATE CONTRIBUTIONS FOR BOOKS, MATERIALS, PROGRAMS, AND LIBRARY FACILITIES TO ENSURE THE MILWAUKEE PUBLIC LIBRARY'S CONTINUED STANDING AS A GREAT LIBRARY RESPONSIVE TO COMMUNITY NEEDS.
-
THE MILWAUKEE PUBLIC LIBRARY FOUNDATION CONTINUES ITS ORIGINAL VISION OF GENERATING PRIVATE-SECTOR SUPPORT TO SUPPLEMENT TAX-BASED FUNDING. THE RESULT HAS BEEN IMPROVED COLLECTIONS, EXPANDED PROGRAMS, ENHANCED SERVICES, AND RENOVATED BUILDINGS. MILWAUKEE PUBLIC LIBRARY FOUNDATION, INC. SUPPORTS CRITICAL RESOURCES INSTRUMENTAL IN PROVIDING INSPIRATION AND OPPORTUNITY FOR ALL WHO RELY ON THE LIBRARY TO IMPROVE THEIR DAILY LIVES. BECAUSE OF YOUR SUPPORT, MILWAUKEE PUBLIC LIBRARY IS A SOURCE OF KNOWLEDGE, EMPOWERMENT, AND ENRICHMENT; OFFERED TO EVERY CITIZEN WALKING THROUGH ITS DOORS - FOR MORE THAN 2 MILLION ANNUAL VISITORS.
Expenses $1,371,946 · Grants $1,140,461
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David BaumDAVID BAUM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Mary SpragueMARY SPRAGUE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ellen SextonELLEN SEXTON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Eve RomersiEVE ROMERSI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew SimonMATTHEW SIMON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Charles BrennanCHARLES BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Michele Bria PhDDR MICHELE BRIA PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles EvansCHARLES EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Franklyn M GimbelFRANKLYN M GIMBEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James HylandJAMES HYLAND
DIRECTOR (THRU AUGUST 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Bradley KalscheurBRADLEY KALSCHEUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan LovernSUSAN LOVERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew LuederMATTHEW LUEDER
DIRECTOR (THRU AUGUST 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Robert MlynarekROBERT MLYNAREK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamshed PatelJAMSHED PATEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert PuissantROBERT PUISSANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy RoosNANCY ROOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margy StrattonMARGY STRATTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shannon SweekSHANNON SWEEK
DIRECTOR (THRU JANUARY 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Laura ZahnLAURA ZAHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katie FalkKATIE FALK
DIRECTOR (FROM JAN 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Barbara FranczykBARBARA FRANCZYK
DIRECTOR (FROM JAN 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Jess RippJESS RIPP
DIRECTOR (FROM JAN 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Ryan E DanielsRYAN E DANIELS
EXECUTIVE DIRECTOR
- Total calculated
- $195,480
- From this org
- $159,042
- From related orgs
- $0
- Other
- $36,438
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,042
- Bonus
- $0
- Other
- $0
- Deferred
- $16,000
- Nontaxable benefits
- $20,438
- Filer's total
- $195,480
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
- 3 · Approval by the board or compensation committee
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
The filer's explanations (Part III)
- PART I, LINE 3
- THE PERFORMANCE OF THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY BY THE PRESIDENT AND EXECUTIVE COMMITTEE. THE MEMBERS OF THE GOVERNING BODY DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION USING DATA ON COMPENSATION PAID BY COMPARABLE ORGANIZATIONS FOR SIMILAR SERVICES.
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
-
MILWAUKEE PUBLIC LIBRARY
$1,126,493
GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422639349301402
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