Form 990 for tax year 2022
Filed by METROPOLITAN MILWAUKEE ASSOCIATION OF COMMERCE.
Totals
- Total revenue
- $10,276,107
- Total expenses
- $9,087,074
- Contributions and grants received
- $7,627,995
- Grants paid
- $0
- Program service revenue
- $1,235,980
- Investment income
- $610,314
- Other revenue
- $801,818
- Total assets, end of year
- $18,441,217
- Total liabilities, end of year
- $3,842,448
- Net assets or fund balances, end of year
- $14,598,769
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1b · Membership dues
$2,949,463
-
1f · All other contributions, gifts and grants
$4,678,532
-
2a · Program service revenue: INSURANCE COMMISSIONS
total $1,069,058 · unrelated business $1,069,058
-
2b · Program service revenue: FAB
total $159,921 · related or exempt $159,921
-
2c · Program service revenue: CERTIFYING INVOICES
total $6,338 · related or exempt $6,338
-
2d · Program service revenue: RESEARCH PUBLICATIONS
total $663 · related or exempt $663
-
3 · Investment income
total $274,227 · related or exempt $274,227
-
7a · Gross sales of assets other than inventory
securities $2,132,911
-
7b · Less cost or other basis and sales expenses
securities $1,796,824
-
7c · Gain or loss
securities $336,087
-
7d · Net gain or loss
total $336,087 · related or exempt $336,087
-
8a · Fundraising events: gross income
$261,191
-
8b · Fundraising events: direct expenses
$225,083
-
8c · Net income from fundraising events
total $36,108 · excluded $36,108
-
11a · Other revenue: MISC INCOME
total $688,960 · excluded $688,960
-
11b · Other revenue: COMMERCE/WEBSITE ADVERTISING REVE
total $76,750 · unrelated business $76,750
-
11e · Other revenue, total
$765,710
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,224,104
-
7 · Other salaries and wages
total $1,782,386
-
8 · Pension plan contributions
total $242,296
-
9 · Other employee benefits
total $444,969
-
10 · Payroll taxes
total $188,796
-
11b · Fees: legal
total $3,330
-
11c · Fees: accounting
total $76,380
-
11f · Fees: investment management
total $36,789
-
11g · Fees: other
total $105,116
-
13 · Office expenses
total $187,181
-
14 · Information technology
total $164,975
-
16 · Occupancy
total $336,458
-
17 · Travel
total $40,217
-
19 · Conferences, conventions and meetings
total $129,284
-
22 · Depreciation, depletion and amortization
total $34,919
-
24a · Other expenses: SPECIAL PROJECTS
total $3,490,390
-
24b · Other expenses: PROJECT EXPENSE
total $497,070
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $47,658
-
24d · Other expenses: IMMIGRATION ZONE
total $41,040
-
24e · All other expenses
total $13,716
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $807,327 · end of year $86,752
-
2 · Savings and temporary cash investments
beginning of year $2,108,702 · end of year $3,377,578
-
4 · Accounts receivable
beginning of year $5,660 · end of year $19,854
-
10a · Land, buildings and equipment: cost or other basis
$287,149
-
10b · Land, buildings and equipment: accumulated depreciation
$159,247
-
10c · Land, buildings and equipment, net
beginning of year $132,821 · end of year $127,902
-
11 · Investments: publicly traded securities
beginning of year $10,884,663 · end of year $11,839,919
-
12 · Investments: other securities
beginning of year $124,824 · end of year $124,824
-
15 · Other assets
beginning of year $0 · end of year $2,864,388
-
17 · Accounts payable and accrued expenses
beginning of year $10,588 · end of year $28,450
-
21 · Escrow or custodial account liability
beginning of year $65,556 · end of year $41,209
-
25 · Other liabilities
beginning of year $1,005,882 · end of year $3,772,789
-
27 · Net assets without donor restrictions
beginning of year $11,463,732 · end of year $11,225,125
-
28 · Net assets with donor restrictions
beginning of year $1,518,239 · end of year $3,373,644
Mission and programs · 2022
Mission
IMPROVE METRO MILWAUKEE AS A PLACE TO CREATE JOBS, INVEST CAPITAL AND GROW BUSINESS.
Activities or mission (Part I)
ADVOCATE FOR BUSINESS IN THE METROPOLITAN MILWAUKEE AREA
-
THE MILWAUKEE 7 PROJECT CREATES A REGIONAL COOPERATIVE ECONOMIC DEVELOPMENT PLATFORM FOR THE SEVEN COUNTIES OF SOUTHEASTERN WISCONSIN: KENOSHA, MILWAUKEE, OZAUKEE, RACINE, WALWORTH, WASHINGTON AND WAUKESHA.COUNCIL OF SMALL BUSINESS EXECUTIVES HELPS SUCCESSFUL BUSINESSES IMPROVE THROUGH CEO ROUNTABLES, COSBE MANAGEMENT CENTER, CONGRESSIONAL FORUMS AND THE FUTURE 50.
-
BUSINESS PERFORMANCE NETWORK ESTABLISHES MILWAUKEE AS AN INTERNATIONALLY RECOGNIZED CENTER OF QUALITY IMPROVEMENT, ACTIVITY AND SUCCESS.
-
COUNCIL OF SMALL BUSINESS EXECUTIVES HELPS SUCCESSFUL BUSINESSES IMPROVE THROUGH CEO ROUNTABLES, COSBE MANAGEMENT CENTER, CONGRESSIONAL FORUMS AND THE FUTURE 50.
-
GOVERNMENTAL AFFAIRS ADVOCATES FOR BUSINESS THROUGH COMMUNICATION WITH GOVERNMENT OFFICIALS AT THE LOCAL, STATE AND FEDERAL LEVEL.
-
EDUCATION HELPS INSURE A QUALITY WORKFORCE TODAY AND TOMORROW BY PROVIDING INFORMATION AND TRAINING TO THE PRESENT WORKFORCE AND SUPPORT AND FINANCIAL OPPORTUNITIES TO OUR YOUTH
-
BUSINESS DEVELOPMENT/ECONOMIC RESEARCH KEEPS MEMBERS INFORMED ON THE STATE OF THE METROPOLITAN MILWAUKEE ECONOMY
-
COMMUNICATIONS KEEPS MEMBERSHIP AND THE PUBLIC INFORMED ABOUT ISSUES THAT AFFECT BUSINESS GROWTH IN THE METROPOLITAN MILWAUKEE AREA
-
MEMBERSHIP SERVICES PROVIDES TOP QUALITY BENEFITS THROUGH LEVERAGING THE BUYING POWER REPRESENTED BY THE ASSOCIATION MEMBERSHIP
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James PoppJAMES POPP
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert ArxbaecherROBERT ARXBAECHER
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Kurt BechtholdKURT BECHTHOLD
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott BeightolSCOTT BEIGHTOL
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Tina ChangTINA CHANG
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff ClarkJEFF CLARK
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
David GayDAVID GAY
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert HillisROBERT HILLIS
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Mary IsbisterMARY ISBISTER
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jerome JanzerJEROME JANZER
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ted D KellnerTED D KELLNER
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Gale E KlappaGALE E KLAPPA
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
James KornfeldJAMES KORNFELD
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
David LubarDAVID LUBAR
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Gregory MarcusGREGORY MARCUS
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott MayerSCOTT MAYER
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
William MielkeWILLIAM MIELKE
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Cory NettlesCORY NETTLES
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ugo NwagbaraochaUGO NWAGBARAOCHA
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ulice Payne JrULICE PAYNE JR
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
John SchlifskeJOHN SCHLIFSKE
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
John SpludeJOHN SPLUDE
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul SweeneyPAUL SWEENEY
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffrey TicknorJEFFREY TICKNOR
OFFICER
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris AbeleCHRIS ABELE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael AldanaMICHAEL ALDANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kevin AndersonKEVIN ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul BartolottaPAUL BARTOLOTTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nick BauerNICK BAUER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dan BeilfussDAN BEILFUSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill BerrienBILL BERRIEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott BertschingerSCOTT BERTSCHINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ken BockhorstKEN BOCKHORST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve BoothSTEVE BOOTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff BradfordJEFF BRADFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dan CahalaneDAN CAHALANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Keith CoursinKEITH COURSIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Carla CrossCARLA CROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Patrick DistefanoPATRICK DISTEFANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jack EneaJACK ENEA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Giacomo FalluccaGIACOMO FALLUCCA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Justin FrankJUSTIN FRANK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Anthony FuerstANTHONY FUERST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Christopher GollerCHRISTOPHER GOLLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian GrossmanBRIAN GROSSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dana GuthrieDANA GUTHRIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John HammesJOHN HAMMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew HarmeningANDREW HARMENING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bob HauBOB HAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kalan HaywoodKALAN HAYWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Adam JelenADAM JELEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tracey JoubertTRACEY JOUBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John KoetzJOHN KOETZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Anthony MallingerANTHONY MALLINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Timothy MattkeTIMOTHY MATTKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John W MellowsJOHN W MELLOWS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim MeudtJIM MEUDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris MiskelCHRIS MISKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Blake MoretBLAKE MORET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy NunemakerANDY NUNEMAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gregory OliverGREGORY OLIVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James PhelpsJAMES PHELPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Anoop PrakashANOOP PRAKASH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joel QuadracciJOEL QUADRACCI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lori RichardsLORI RICHARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Steven RichmanSTEVEN RICHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joseph A RockJOSEPH A ROCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Wes SaberWES SABER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill SantulliBILL SANTULLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Maria SchuldMARIA SCHULD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bernie SherryBERNIE SHERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul SternliebPAUL STERNLIEB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jaime SyringJAIME SYRING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Peggy TroyPEGGY TROY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert ValcqROBERT VALCQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nicholas WahlNICHOLAS WAHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gregory WesleyGREGORY WESLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomad WestrickTHOMAD WESTRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kevin WheelerKEVIN WHEELER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy WronskiANDY WRONSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Timothy SheehyTIMOTHY SHEEHY
PRESIDENT
- Total calculated
- $535,247
- From this org
- $495,009
- From related orgs
- $0
- Other
- $40,238
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $391,888
- Bonus
- $103,121
- Other
- $0
- Deferred
- $17,250
- Nontaxable benefits
- $22,988
- Filer's total
- $535,247
-
Julie GrangerJULIE GRANGER
CORPORATE SECRETARY
- Total calculated
- $206,774
- From this org
- $158,671
- From related orgs
- $0
- Other
- $48,103
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,192
- Bonus
- $31,479
- Other
- $0
- Deferred
- $12,934
- Nontaxable benefits
- $35,169
- Filer's total
- $206,774
-
Catherine JacobsonCATHERINE JACOBSON
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Austin RamirezAUSTIN RAMIREZ
INCOMING CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Craig KammholzCRAIG KAMMHOLZ
COO
- Total calculated
- $218,128
- From this org
- $174,228
- From related orgs
- $0
- Other
- $43,900
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,467
- Bonus
- $44,761
- Other
- $0
- Deferred
- $10,091
- Nontaxable benefits
- $33,809
- Filer's total
- $218,128
-
Dale KooyengaDALE KOOYENGA
SENIOR VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
Gina BalkeGINA BALKE
EXECUTIVE DIRECTOR OF FAB
- Total calculated
- $104,979
- From this org
- $102,905
- From related orgs
- $0
- Other
- $2,074
- Hours/week
- 40
-
Andrew DavisANDREW DAVIS
VICE PRESIDENT OF GOVERNME
- Total calculated
- $139,375
- From this org
- $119,977
- From related orgs
- $0
- Other
- $19,398
- Hours/week
- 40
-
Correy Joe BiddleCORREY JOE BIDDLE
VP OF COMMUNITY AFFAIRS
- Total calculated
- $128,913
- From this org
- $110,011
- From related orgs
- $0
- Other
- $18,902
- Hours/week
- 40
-
Jane Trenchard BackesJANE TRENCHARD BACKES
VICE PRESIDENT OF INVESTOR
- Total calculated
- $112,873
- From this org
- $109,211
- From related orgs
- $0
- Other
- $3,662
- 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. 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
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 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
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
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.
-
MILWAUKEE DEVELOPMENT CORPORATION INC
501(C)(3) · PROMOTE REGIONAL ECONOMIC DEVELOPMENT IN THE GREATER MILWAUKEE COMMUNITY · WI · controlled entity
-
MMAC COMMUNITY SUPPORT FOUNDATION INC
501(C)(3) · SUPPORT PROJECTS AND ACTIVITIES THAT WILL BENEFIT THE GREATER MILWAUKEE AREA · WI · controlled entity
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.
-
METROPOLITAN MILWAUKEE ASSOCIATION OF COMMERCE REGIONAL CENTER LLC
ADMINISTRATION OF IMMIGRATION ZONE ACTIVITIES · WI · income $41,040 · assets $490,551
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411289349302301
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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