Form 990 for tax year 2022

What the amendment changed

Compared with the return it replaced , filed 30 April 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue

$16,957,997 →changed to $25,333,029

Total expenses

$17,613,534 →changed to $7,739,070

Contributions and grants received

$16,710,513 →changed to $25,085,545

Total liabilities, end of year

$18,432,455 →changed to $182,959

Net assets or fund balances, end of year

$662,507 →changed to $18,912,003

Program services expenses

$17,579,619 →changed to $7,705,155

Program service expenses (Part III)

$17,579,619 →changed to $7,705,155

Totals

Total revenue

$25,333,029

Total expenses

$7,739,070

Contributions and grants received

$25,085,545

Grants paid

$0

Program service revenue

$0

Investment income

$247,484

Other revenue

$0

Total assets, end of year

$19,094,962

Total liabilities, end of year

$182,959

Net assets or fund balances, end of year

$18,912,003

Program services expenses (Part IX)

$7,705,155

Management and general expenses

$33,915

Fundraising expenses

$0

Program service expenses (Part III)

$7,705,155

Program services were 99.6% 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.

Mission and programs · 2022

• COLLABORATIVE IS AN INTUITIVE TO IMPROVE HISPANIC VITALITY AND PROSPERITY BY INCREASING HISPANIC EMPLOYMENT LEVELS AND BUILDING ECONOMIC POWER THROUGH ENTREPRENEURIALISM AND INNOVATIONIN MILWAUKEE. THIS INITIATIVE WILL FOCUS ON STRATEGIES TO MOVE WORKING INDIVIDUALS INTO GREATER PAYING, MORE SKILLED POSITIONS; STRATEGIES TO LEVERAGE GROWTH AND STARTUP PROGRAMS, INCUBATORS, REGIONAL CLUSTERS, AND FINANCING OPTIONS TO INCREASE THE NUMBER OF HISPANIC OWNED BUSINESSES; AND INCREASE PARTICIPATION IN THE VOTING ELECTORATE, POSITIONS OF PUBLIC SERVICE AND POLICY INFLUENCE IS FAR BELOW THE LEVEL NECESSARY TO ENSURE THAT OUR VIEWPOINTS ARE HEARD AND INCORPORATED INTO ACTIONS THAT HAVE A DIRECT IMPACT.

  Expenses $548,886

• MILWAUKEE 7 INITIATIVE OF METROPOLITAN MILWAUKEE AREA OF COMMERCE AND MILWAUKEE DEVELOPMENTCORPORATION TO CREATE A REGIONAL COOPERATIVE ECONOMIC DEVELOPMENT PLATFORM FOR THE SEVEN COUNTIES OF SOUTHEASTERN WISCONSIN.

  Expenses $1,670,000

• RNC HOST COMMITTEE - THE FOUNDATION WORKED WITH MKE 2024 HOST COMMITTEE INRECEIVING DONATIONS TOWARDS THE REPUBLICAN NATIONAL CONVENTION TO BE HELD IN MILWAUKEE IN 2024.

  Expenses $5,279,016

• TEALS PROGRAM - THIS IS A PROGRAM SUPPORTED BY ARGOSY FOUNDATION IN CONJUNCTION WITH THE MICROSOFT FOUNDATION WHERE CODING AND STEM CURRICULUMS ARE BROUGHT INTO AREA HIGH SCHOOLS AND TAUGHT BY SUBJECT MATTER PROFESSIONALS, EMPLOYED IN LOCAL COMPANIES, WHO VOLUNTEER THEIR TIME AND EXPERTISE IN THE CLASSROOM.

  Expenses $61,506

• REBUILD AND REVITALIZE - THIS PROGRAM WAS THE MILWAUKEE BUSINESS COMMUNITY'S RESPONSE TO PROPERTY DAMAGE THAT OCCURRED DURING THE SOCIAL JUSTICE PROTESTS THAT OCCURRED IN 2020. BUSINESS WHOSE PROPERTY WAS DAMAGED RECEIVED GRANTS TO REPAIR PROPERTY AND/OR REPLACE INVENTORY. THE INITIATIVE ALSO ASSISTED BUSINESSES THAT MAY NOT HAVE BEEN DIRECTLY AFFECTED BUT WERE LOCATED IN IMPACTED AREAS.

  Expenses $67,400

• COSBE EDUCATION INITIATIVE CONNECTS BUSINESS MEMBERS TO K-12 STUDENTS IN THE REGION.

  Expenses $73,883

• FEEDING FRONTLINE WORKERS

  Expenses $4,464

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

Listed in Part VII

• ULICE PAYNE JR

  PRESIDENT

  Total calculated

  $0

  Hours/week

  1

• AUSTIN RAMIREZ

  VICE PRESIDENT

  Total calculated

  $0

  Hours/week

  1

• JULIE GRANGER

  TREASURER/SECRETARY

  Total calculated

  $206,774

  From this org

  $0

  From related orgs

  $158,671

  Other

  $48,103

  Hours/week

  1

  Schedule J breakdown matched by us

  Base

  $0 + $127,192 related

  Bonus

  $0 + $31,479 related

  Other

  $0

  Deferred

  $0 + $12,934 related

  Nontaxable benefits

  $0 + $35,169 related

  Filer's total

  $0 + $206,774 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

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.

• METROPOLITAN MILWAUKEE ASSOCIATION OF COMMERCE

  501(C)(6) · ADVOCATE FOR BUSINESS IN THE METROPOLITAN MILWAUKEE AREA · WI

Provenance

Return type

form_990

Tax year

2022

Filed

9 April 2025

IRS schema version

2022v5.0

Source object

202541019349300849

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