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Nonprofiteer
← MILWAUKEE BUCKS FOUNDATION INC

Form 990 for tax year 2022

Filed by MILWAUKEE BUCKS FOUNDATION INC.

Totals

Total revenue
$611,711
Total expenses
$620,666
Contributions and grants received
$195,340
Grants paid
$600,675
Program service revenue
$0
Investment income
$86,054
Other revenue
$330,317
Total assets, end of year
$706,419
Total liabilities, end of year
$374,112
Net assets or fund balances, end of year
$332,307
Program services expenses (Part IX)
$600,675
Management and general expenses
$19,991
Fundraising expenses
$0
Program service expenses (Part III)
$600,675

Program services were 96.8% 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.

  • 1c · Fundraising events

    $77,928

  • 1f · All other contributions, gifts and grants

    $117,412

  • 3 · Investment income

    total $2,676 · excluded $2,676

  • 5 · Royalties

    total $20,982 · excluded $20,982

  • 7a · Gross sales of assets other than inventory

    other assets $83,378

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

    other assets $0

  • 7c · Gain or loss

    other assets $83,378

  • 7d · Net gain or loss

    total $83,378 · excluded $83,378

  • 8a · Fundraising events: gross income

    $192,078

  • 8a · Fundraising events: contributions included on line 1c

    $77,928

  • 8b · Fundraising events: direct expenses

    $100,779

  • 8c · Net income from fundraising events

    total $91,299 · excluded $91,299

  • 9a · Gaming: gross income

    $466,849

  • 9b · Gaming: direct expenses

    $248,813

  • 9c · Net income from gaming

    total $218,036 · excluded $218,036

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $600,675 · program services $600,675

  • 11c · Fees: accounting

    total $7,665 · management and general $7,665

  • 12 · Advertising and promotion

    total $1,580 · management and general $1,580

  • 15 · Royalties

    total $105 · management and general $105

  • 23 · Insurance

    total $698 · management and general $698

  • 24a · Other expenses: BANK FEES

    total $9,943 · management and general $9,943

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $530,774 · end of year $524,055

  • 2 · Savings and temporary cash investments

    beginning of year $199,688 · end of year $152,364

  • 4 · Accounts receivable

    beginning of year $2,800 · end of year $30,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,000 · end of year $10,649

  • 18 · Grants payable

    beginning of year $378,000 · end of year $347,500

  • 19 · Deferred revenue

    end of year $15,963

  • 27 · Net assets without donor restrictions

    beginning of year $337,262 · end of year $307,307

  • 28 · Net assets with donor restrictions

    beginning of year $4,000 · end of year $25,000

Mission and programs · 2022

Mission

IMPROVE THE QUALITY OF LIFE FOR YOUTH AND FAMILIES IN WISCONSIN FOCUSING ON YOUTH EDUCATION, HEALTH, WELLNESS AND COMMUNITY BETTERMENT

  • MILWAUKEE BUCKS FOUNDATION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR YOUTH AND FAMILIES IN WISCONSIN FOCUSING ON YOUTH EDUCATION, HEALTH, WELLNESS AND COMMUNITY BETTERMENT.

    Expenses $600,675 · Grants $600,675

As filed on the 2022 return.

Listed in Part VII

  • James Dinan

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.15

  • Wesley Edens

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.15

  • Marc Lasry

    TREASURER

    Total calculated
    $0
    Hours/week
    0.15

  • Arvind Gopalratnam

    EXECUTIVE DIRECTOR

    Total calculated
    $208,735
    From this org
    $0
    From related orgs
    $150,180
    Other
    $58,555
    Hours/week
    2.6 + 37.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,180 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,326 related
    Nontaxable benefits
    $0 + $40,229 related
    Filer's total
    $0 + $208,735 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FEAR THE DEER LLC

    N/A · SPECTATOR SPORTS · WI

  • FEAR THE DEER HOLD LLC

    N/A · SPECTATOR SPORTS · WI

  • MILWAUKEE BUCKS LLC

    N/A · SPECTATOR SPORTS · WI

  • DEER DISTRICT LLC

    N/A · SPECTATOR SPORTS · WI

  • FUTURE BUCKS LLC

    N/A · SPECTATOR SPORTS · WI

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441369349309804

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