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Nonprofiteer
← HISTORIC HAYMARKET MILWAUKEE I INC

Form 990 for tax year 2022

Filed by HISTORIC HAYMARKET MILWAUKEE I INC.

Totals

Total revenue
$18,894,852
Total expenses
$8,414,171
Contributions and grants received
$18,718,394
Grants paid
$3,552,359
Program service revenue
$0
Investment income
$5,009
Other revenue
$171,449
Total assets, end of year
$27,769,629
Total liabilities, end of year
$11,316,353
Net assets or fund balances, end of year
$16,453,276
Program services expenses (Part IX)
$8,237,012
Management and general expenses
$103,581
Fundraising expenses
$73,578
Program service expenses (Part III)
$8,237,012

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)

    $150,000

  • 1f · All other contributions, gifts and grants

    $18,568,394

  • 3 · Investment income

    total $5,009 · excluded $5,009

  • 6a · Gross rents

    real property $164,400

  • 6c · Rental income or loss

    real property $164,400

  • 6d · Net rental income or loss

    total $164,400 · excluded $164,400

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $7,049 · excluded $7,049

  • 11e · Other revenue, total

    $7,049

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,552,359 · program services $3,552,359

  • 11b · Fees: legal

    total $107,187 · program services $107,187

  • 11e · Fees: professional fundraising services

    total $61,200 · fundraising $61,200

  • 11g · Fees: other

    total $4,223,501 · program services $4,190,368 · management and general $33,133

  • 12 · Advertising and promotion

    total $66,000 · program services $66,000

  • 13 · Office expenses

    total $7,505 · management and general $7,505

  • 16 · Occupancy

    total $17,895 · management and general $17,895

  • 20 · Interest

    total $311,971 · program services $311,971

  • 23 · Insurance

    total $12,446 · management and general $12,446

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $54,107 · program services $9,127 · management and general $32,602 · fundraising $12,378

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $762,238 · end of year $2,771,543

  • 2 · Savings and temporary cash investments

    beginning of year $1,824,210 · end of year $549,301

  • 3 · Pledges and grants receivable

    beginning of year $3,554,541 · end of year $15,598,504

  • 7 · Other notes and loans receivable

    end of year $20,000

  • 10a · Land, buildings and equipment: cost or other basis

    $8,345,587

  • 10c · Land, buildings and equipment, net

    beginning of year $8,077,000 · end of year $8,345,587

  • 15 · Other assets

    end of year $484,694

  • 17 · Accounts payable and accrued expenses

    beginning of year $422,125 · end of year $646,655

  • 23 · Secured mortgages and notes payable

    beginning of year $7,069,489 · end of year $7,069,489

  • 24 · Unsecured notes and loans payable

    beginning of year $502,500

  • 25 · Other liabilities

    beginning of year $251,280 · end of year $3,600,209

  • 27 · Net assets without donor restrictions

    beginning of year $3,990,628 · end of year $4,443,001

  • 28 · Net assets with donor restrictions

    beginning of year $1,981,967 · end of year $12,010,275

Mission and programs · 2022

Mission

HISTORIC HAYMARKET MILWAUKEE ("HHM") EXISTS TO INVEST IN, RECEIVE, HOLD, USE, AND DISPOSE OF ALL PROPERTY, REAL OR PERSONAL, AS MAY BE NECESSARY OR DESIREABLE FOR THE PURPOSE OF DEVELOPING AND CONSTRUCTING A PERMANENT MUSEUM BUILDING.

  • IN 2022, HHM MADE SIGNIFICANT TOWARDS THE DEVELOPMENT OF A NEW FACILITY FOR WISCONSIN'S NATURAL HISTORY MUSEUM. ON THE SITE DEVELOPMENT FRONT, HHM COMPLETED DEMOLITION OF ONE OF THE THREE BUILDINGS ON THE SITE AND HAD THE ALLEY VACATED TO MAKE WAY FOR CONSOLIDATION OF THE PROPERTIES. HHM ALSO OVERSAW THE COMPLETION OF CONCEPT DESIGN OF BOTH THE BUILDING AND EXHIBITS, ANNOUNCING THE BUILDING DESIGN TO THE PUBLIC IN THE SUMMER. IN TERMS OF FUNDING, THE ORGANIZATION SECURED A COMMITMENT OF 45M FROM MILWAUKEE COUNTY AND OFFICIALLY LAUNCHED THE PROJECT'S CAPITAL CAMPAIGN, WISCONSIN WONDERS. THE PROGRESS HHM MADE IN 2022 HELPED ENSURE THE MILWAUKEE PUBLIC MUSUEM ACHIEVED REACCREDITATION, WHICH WAS AT RISK IF THE FUTURE MUSEUM PROJECT DID NOT MEET SIGNIFICANT MILESTONES. HHM ALSO CONTINUED SIGNIFICANT COMMUNITY ENGAGEMENT, INCLUDING FOCUS GROUPS, WORKSHOPS, INTERVIEWS AND AN EXHIBIT CONTENT SURVEY THAT WAS COMPLETED BY NEARLY 5,000 MEMBERS OF THE COMMUNITY.

    Expenses $8,237,012 · Grants $3,552,359

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

Listed in Part VII

  • Alec Fraser

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Craig Kammholz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bruce Keyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Meaney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joel Plant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Richtman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katie Sanders

    CHIEF PLAN.

    Total calculated
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2022
Filed
31 May 2023
IRS schema version
2022v5.0
Source object
202331889349300418

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