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Nonprofiteer
← CREAM CITY FOUNDATION INC

Form 990 for tax year 2024

Filed by CREAM CITY FOUNDATION INC.

Totals

Total revenue
$825,146
Total expenses
$243,158
Contributions and grants received
$737,922
Grants paid
$179,529
Program service revenue
$0
Investment income
$47,933
Other revenue
$39,291
Total assets, end of year
$2,337,798
Total liabilities, end of year
$2,381
Net assets or fund balances, end of year
$2,335,417
Program services expenses (Part IX)
$179,529
Management and general expenses
$54,614
Fundraising expenses
$9,015
Program service expenses (Part III)
$179,529

Program services were 73.8% 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.

  • 1f · All other contributions, gifts and grants

    $737,922

  • 1g · Noncash contributions included above

    $633,485

  • 3 · Investment income

    total $15,834 · excluded $15,834

  • 7a · Gross sales of assets other than inventory

    securities $898,034

  • 7b · Less cost or other basis and sales expenses

    securities $865,935

  • 7c · Gain or loss

    securities $32,099

  • 7d · Net gain or loss

    total $32,099 · excluded $32,099

  • 8a · Fundraising events: gross income

    $71,619

  • 8b · Fundraising events: direct expenses

    $32,328

  • 8c · Net income from fundraising events

    total $39,291 · excluded $39,291

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $179,529 · program services $179,529

  • 11f · Fees: investment management

    total $2,952 · management and general $2,952

  • 12 · Advertising and promotion

    total $778 · management and general $778

  • 13 · Office expenses

    total $9,408 · management and general $9,408

  • 14 · Information technology

    total $6,289 · management and general $6,289

  • 19 · Conferences, conventions and meetings

    total $18,030 · management and general $9,015 · fundraising $9,015

  • 24a · Other expenses: ADMIN FEES

    total $14,844 · management and general $14,844

  • 24b · Other expenses: CONSULTING SERVICES

    total $7,957 · management and general $7,957

  • 24c · Other expenses: PRINTING

    total $2,987 · management and general $2,987

  • 24d · Other expenses: CUSTODIAL FEES

    total $384 · management and general $384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $89,806 · end of year $2,820

  • 2 · Savings and temporary cash investments

    end of year $18,701

  • 4 · Accounts receivable

    beginning of year $8,135 · end of year $78,085

  • 9 · Prepaid expenses and deferred charges

    end of year $1,061

  • 11 · Investments: publicly traded securities

    beginning of year $89,154 · end of year $2,237,131

  • 15 · Other assets

    beginning of year $160,649

  • 17 · Accounts payable and accrued expenses

    beginning of year $2 · end of year $381

  • 18 · Grants payable

    end of year $2,000

  • 27 · Net assets without donor restrictions

    beginning of year $264,637 · end of year $2,257,333

  • 28 · Net assets with donor restrictions

    beginning of year $83,105 · end of year $78,084

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • SEE SCHEDULE OAS SET FORTH IN THE CREAM CITY'S ARTICLES OF INCORPORATION, "THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR ITS SUCCESSOR (THE "CODE"). SPECIFICALLY, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF THE GREATER MILWAUKEE FOUNDATION, INC., A WISCONSIN NON-STOCK CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 509(A) AND 501(C)(3) OF THE CODE, AND TO INVEST IN, RECEIVE, HOLD, USE, AND DISPOSE OF ALL PROPERTY, REAL OR PERSONAL, AS MAY BE NECESSARY OR DESIRABLE TO CARRY INTO EFFECT THE AFOREMENTIONED PURPOSES. GREATER MILWAUKEE FOUNDATION'S MISSION IS TO PROMOTE THE BETTERMENT OF THE GREATER MILWAUKEE COMMUNITY AND THE ENHANCEMENT OF QUALITY OF LIFE FOR ALL ITS CITIZENS. CREAM CITY FOUNDATION WILL FOCUS ON SERVING LGBT COMMUNITIES IN THE REGION.

    Expenses $179,529 · Grants $179,529

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

Listed in Part VII

  • Angie Harden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Tsukichi

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jamie Schounard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charlie Nash

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Peter Burgelis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Mayerle

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nick Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Marwill Santiago

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emmett Roehr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robin Mallon-Todd

    DIRECTOR ( START 1/24)

    Total calculated
    $0
    Hours/week
    1

  • Camrin Lafond

    DIRECTOR ( START 1/24)

    Total calculated
    $0
    Hours/week
    1

  • Gregory Wesley

    ASSISTANT SECRETARY (START 8/24)

    Total calculated
    $223,168
    From this org
    $0
    From related orgs
    $223,168
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,168 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $223,168 related

  • Yelena Chester

    ASSISTANT TREASURER (START 8/24)

    Total calculated
    $170,324
    From this org
    $0
    From related orgs
    $130,942
    Other
    $39,382
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,942 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,713 related
    Nontaxable benefits
    $0 + $27,669 related
    Filer's total
    $0 + $170,324 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

  • 2 · Substantiation required before reimbursing expenses

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
7 November 2025
IRS schema version
2024v5.2
Source object
202543159349305019

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