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Nonprofiteer
← MENOMONEE VALLEY PARTNERS INC

Form 990 for tax year 2022

Filed by MENOMONEE VALLEY PARTNERS INC.

Totals

Total revenue
$420,413
Total expenses
$471,119
Contributions and grants received
$344,569
Grants paid
$100
Program service revenue
$49,997
Investment income
$25,847
Other revenue
$0
Total assets, end of year
$1,311,325
Total liabilities, end of year
$23,786
Net assets or fund balances, end of year
$1,287,539
Program services expenses (Part IX)
$369,594
Management and general expenses
$86,962
Fundraising expenses
$14,563
Program service expenses (Part III)
$369,594

Program services were 78.5% 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.

  • 1d · Related organizations

    $150,000

  • 1f · All other contributions, gifts and grants

    $194,569

  • 2a · Program service revenue: CATALYTIC PROJECTS

    total $49,997 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $25,847 · unrelated business $0 · excluded $25,847

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100 · program services $100

  • 5 · Compensation of officers, directors and key employees

    total $106,132 · program services $92,915 · management and general $9,262 · fundraising $3,955

  • 7 · Other salaries and wages

    total $188,788 · program services $176,881 · management and general $5,189 · fundraising $6,718

  • 8 · Pension plan contributions

    total $8,350 · program services $7,568 · management and general $453 · fundraising $329

  • 9 · Other employee benefits

    total $52,471 · program services $44,574 · management and general $5,952 · fundraising $1,945

  • 10 · Payroll taxes

    total $22,114 · program services $20,041 · management and general $1,210 · fundraising $863

  • 11c · Fees: accounting

    total $17,683 · program services $0 · management and general $17,683 · fundraising $0

  • 11g · Fees: other

    total $41,419 · program services $2,965 · management and general $38,340 · fundraising $114

  • 13 · Office expenses

    total $2,912 · program services $1,598 · management and general $1,036 · fundraising $278

  • 14 · Information technology

    total $2,572 · program services $1,657 · management and general $910 · fundraising $5

  • 19 · Conferences, conventions and meetings

    total $17,103 · program services $13,302 · management and general $3,748 · fundraising $53

  • 23 · Insurance

    total $3,428 · program services $3,079 · management and general $252 · fundraising $97

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $789 · program services $612 · management and general $151 · fundraising $26

  • 24b · Other expenses: MISCELLANEOUS

    total $3,035 · program services $522 · management and general $2,496 · fundraising $17

  • 24c · Other expenses: LICENSES AND PERMITS

    total $72 · program services $18 · management and general $54 · fundraising $0

  • 24d · Other expenses: TELEPHONE

    total $4,151 · program services $3,762 · management and general $226 · fundraising $163

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,214 · end of year $207,969

  • 3 · Pledges and grants receivable

    beginning of year $60,000 · end of year $75,000

  • 4 · Accounts receivable

    beginning of year $2,560 · end of year $1,681

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,718 · end of year $2,700

  • 11 · Investments: publicly traded securities

    beginning of year $1,007,834 · end of year $1,023,975

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,375 · end of year $23,786

  • 27 · Net assets without donor restrictions

    beginning of year $1,275,801 · end of year $1,200,039

  • 28 · Net assets with donor restrictions

    beginning of year $72,150 · end of year $87,500

Mission and programs · 2022

Mission

TO REVITALIZE AND SUSTAIN THE MENOMONEE VALLEY FOR THE BENEFIT OF THE GREATER MILWAUKEE COMMUNITY.

  • Thriving district: Maintain a thriving, sustainable, urban district that is home to manufacturing, entertainment, and recreation. Work within this category includes programs that focus on public safety, district beautification, and marketing the district and its amenities.

    Expenses $111,592 · Grants $100 · Revenue $2,497

  • Workforce connections: Connect employers to a regional, job-ready workforce and position local workers to be competitive for upcoming employment opportunities. Work within this category includes the youth-focused Career Discovery Initiative programs and Rotational Internship Program, as well as a variety of programs that build and support the Valley workforce, including programs such as the Valley Circles professional development programs for Valley employees, workforce transportation work, and shared workforce training programs to build and retain the Valley workforce.

    Expenses $111,065 · Revenue $47,500

  • Redevelopment: Encourage and facilitate high-quality redevelopment of vacant parcels and underutilized properties and recruit high-quality employers. Work in this category includes predevelopment and due diligence to redevelop vacant properties, working with businesses, brokers, and other partners to attract businesses to the Valley, and supporting existing businesses in their growth with a range of technical assistance.

    Expenses $85,680

  • Transportation and infrastructure: Ensure development of effective transportation access and other beneficial infrastructure. Work in this category involves coordinating with public and private sector partners on major infrastructure projects in and around the Valley, including I-94 reconstruction, rail projects, planning infrastructure necessary to developing vacant parcels, and the development of riverwalk.

    Expenses $61,257

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Corey Zetts

    EXECUTIVE DIRECTOR

    Total calculated
    $105,614
    From this org
    $105,614
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Hatch

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Bruce Keyes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jeff Morgan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Michele Bria

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Pat O'Connor

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Bognar Zierer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Brockman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chytania Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Bushell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lafayette Crump

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Everts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kerry Janovitch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerrel Kruschke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katherine Lazarski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eugene Manzanet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glenn Margraff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Claudia Paetsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Penman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheri Schmit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations 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.

  • BUSINESS IMPROVEMENT DISTRICT NO 26

    QUASI-GOVERNMENT · PROMOTE THE REDEVELOPMENT OF MENOMONEE VALLEY · WI

    Directly controlled by NA

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.

  • MVP ACQUISITION LLC

    ACQUIRING, DEVELOPING, MANAGING AND SELLING REAL ESTATE · WI

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202411289349302991

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