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Nonprofiteer
← I HAVE A DREAM FOUNDATION -MILWAUKEE INC

Form 990 for tax year 2024

Filed by I HAVE A DREAM FOUNDATION -MILWAUKEE INC.

Totals

Total revenue
$589,882
Total expenses
$530,208
Contributions and grants received
$562,209
Grants paid
$0
Program service revenue
$0
Investment income
$27,283
Other revenue
$390
Total assets, end of year
$1,256,633
Total liabilities, end of year
$42,406
Net assets or fund balances, end of year
$1,214,227
Program services expenses (Part IX)
$369,388
Management and general expenses
$78,114
Fundraising expenses
$82,706
Program service expenses (Part III)
$369,388

Program services were 69.7% 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)

    $79,274

  • 1f · All other contributions, gifts and grants

    $482,935

  • 1g · Noncash contributions included above

    $14,720

  • 3 · Investment income

    total $27,283 · excluded $27,283

  • 11a · Other revenue: CREDIT CARD REWARDS

    total $390 · excluded $390

  • 11e · Other revenue, total

    $390

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $118,853 · program services $65,369 · management and general $17,828 · fundraising $35,656

  • 7 · Other salaries and wages

    total $207,909 · program services $198,645 · management and general $8,197 · fundraising $1,067

  • 9 · Other employee benefits

    total $32,205 · program services $26,020 · management and general $2,565 · fundraising $3,620

  • 10 · Payroll taxes

    total $25,852 · program services $20,888 · management and general $2,059 · fundraising $2,905

  • 11c · Fees: accounting

    total $19,639 · management and general $19,639

  • 11e · Fees: professional fundraising services

    total $34,375 · fundraising $34,375

  • 11g · Fees: other

    total $23,767 · program services $436 · management and general $23,331

  • 13 · Office expenses

    total $4,772 · program services $3,135 · management and general $1,201 · fundraising $436

  • 14 · Information technology

    total $3,816 · program services $3,083 · management and general $304 · fundraising $429

  • 16 · Occupancy

    total $13,073 · program services $10,563 · management and general $1,041 · fundraising $1,469

  • 17 · Travel

    total $2,167 · program services $2,080 · management and general $36 · fundraising $51

  • 19 · Conferences, conventions and meetings

    total $6,006 · program services $4,935 · management and general $445 · fundraising $626

  • 23 · Insurance

    total $11,620 · program services $9,389 · management and general $925 · fundraising $1,306

  • 24a · Other expenses: PROGRAM MATERIALS & SUP

    total $11,449 · program services $11,449

  • 24b · Other expenses: PROGRAM EVENTS

    total $6,192 · program services $6,192

  • 24c · Other expenses: DUES

    total $6,000 · program services $4,848 · management and general $478 · fundraising $674

  • 24d · Other expenses: VOLUNTEER EXPENSES

    total $1,695 · program services $1,695

  • 24e · All other expenses

    total $818 · program services $661 · management and general $65 · fundraising $92

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $638,423 · end of year $142,178

  • 2 · Savings and temporary cash investments

    end of year $887,527

  • 3 · Pledges and grants receivable

    beginning of year $519,751 · end of year $223,062

  • 4 · Accounts receivable

    beginning of year $9,548 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,239 · end of year $3,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,408 · end of year $42,406

  • 27 · Net assets without donor restrictions

    beginning of year $662,681 · end of year $882,234

  • 28 · Net assets with donor restrictions

    beginning of year $491,872 · end of year $331,993

Mission and programs · 2024

Mission

TO EMPOWER STUDENTS FROM HISTORICALLY MARGINALIZED COMMUNITIES TO THRIVE BY PROVIDING INDIVIDUALIZED SOCIAL, EMOTIONAL, ACADEMIC, AND FAMILY SUPPORT FROM FIRST GRADE TO FIRST JOB, ALONG WITH GUARANTEED POST-SECONDARY TUITION ASSISTANCE

Activities or mission (Part I)

TO EMPOWER STUDENTS FROM HISTORICALLY MARGINALIZED COMMUNITIES TO THRIVE BY PROVIDING INDIVIDUALIZED SOCIAL, EMOTIONAL, ACADEMIC, AND FAMILY SUPPORT FROM FIRST GRADE TO FIRST JOB, ALONG WITH GUARANTEED POST-SECONDARY TUITION ASSISTANCE.

  • TO EMPOWER STUDENTS FROM HISTORICALLY MARGINALIZED COMMUNITIES TO THRIVE BY PROVIDING INDIVIDUALIZED SOCIAL, EMOTIONAL, ACADEMIC, AND FAMILY SUPPORT FROM FIRST GRADE TO FIRST JOB, ALONG WITH GUARANTEED POST-SECONDARY TUITION ASSISTANCE

    Expenses $369,388

As filed on the 2024 return.

Listed in Part VII

  • Margaret Henningsen

    BOARD PRESIDENT/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Barry Mandel

    VICE PRESIDENT/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Fowler

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sumaiyah Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Kellner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Jelencic

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Richter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Trish Pena

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gina Stilp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sharon Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joanne Grunau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Schiller

    EXECUTIVE DIRECTOR

    Total calculated
    $118,852
    From this org
    $118,852
    From related orgs
    $0
    Other
    $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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202533099349303338

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