Form 990 for tax year 2025
Filed by HISTORIC HAYMARKET MILWAUKEE I INC.
Totals
- Total revenue
- $75,670,824
- Total expenses
- $132,112,246
- Contributions and grants received
- $75,474,995
- Grants paid
- $131,344,408
- Program service revenue
- $0
- Investment income
- $195,829
- Other revenue
- $0
- Total assets, end of year
- $35,392,254
- Total liabilities, end of year
- $10,346,377
- Net assets or fund balances, end of year
- $25,045,877
- Program services expenses (Part IX)
- $131,887,390
- Management and general expenses
- $199,856
- Fundraising expenses
- $25,000
- Program service expenses (Part III)
- $131,887,390
Program services were 99.8% 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.
-
1e · Government grants (contributions)
$63,539,731
-
1f · All other contributions, gifts and grants
$11,935,264
-
1g · Noncash contributions included above
$21,790
-
3 · Investment income
total $195,829 · excluded $195,829
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $131,344,408 · program services $131,344,408
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $53,891 · program services $53,891
-
11c · Fees: accounting
total $74,051 · management and general $74,051
-
11d · Fees: lobbying
total $6,638 · program services $3,053 · management and general $3,585
-
11e · Fees: professional fundraising services
total $25,000 · fundraising $25,000
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $107,532 · management and general $107,532
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $4,656 · management and general $4,656
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $36,115 · program services $35,400 · management and general $715
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $83,408 · program services $83,408
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $82,334 · program services $82,334
-
23 · Insurance
total $9,317 · management and general $9,317
-
24a · Other expenses: MOVING EXPENSES
total $184,396 · program services $184,396
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $100,500 · program services $100,500
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $408,624 · end of year $688,151
-
2 · Savings and temporary cash investments
beginning of year $9,133,870 · end of year $1,005,341
-
3 · Pledges and grants receivable
beginning of year $47,750,361 · end of year $33,676,883
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $20,000 · end of year $20,000
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $30,797 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $41,596,301 · end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $4,475,541 · end of year $1,879
-
17 · Accounts payable and accrued expenses
beginning of year $4,260,325 · end of year $4,110
-
23 · Secured mortgages and notes payable
beginning of year $7,069,489
-
25 · Other liabilities
beginning of year $10,598,381 · end of year $10,342,267
-
27 · Net assets without donor restrictions
beginning of year $35,673,932 · end of year $3,057,173
-
28 · Net assets with donor restrictions
beginning of year $45,813,367 · end of year $21,988,704
Mission and programs · 2025
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 May of 2025, HHM entered into a cooperation and transfer agreement with Wisconsin Museum of Nature and Culture, Inc. ("WMNC") . After the execution of the cooperation and transfer agreement, HHM's operations are limited to the raising of additional funds, collection of pledges, and transfer of funds collected to WMNC, which owns the museum property and will operate the museum upon completion of the museum building. HHM's primary sources of revenue are derived from contributions, pledges and government grants.
Expenses $131,887,390 · Grants $131,344,408
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ivan GamboaIVAN GAMBOA
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Alec FraserALEC FRASER
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Craig KammholzCRAIG KAMMHOLZ
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Justin SteinbergJUSTIN STEINBERG
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joanne AntonJOANNE ANTON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael BelotMICHAEL BELOT
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bruce KeyesBRUCE KEYES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Khalaf KhalafKHALAF KHALAF
Director
- Total calculated
- $0
- Hours/week
- 1
-
Raisa KoltunRAISA KOLTUN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sara MeaneySARA MEANEY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joel PlantJOEL PLANT
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom RichtmanTOM RICHTMAN
Director
- Total calculated
- $0
- Hours/week
- 1
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
-
$129,595,045
SUPPORT
-
$1,749,363
MUSEUM SUPPORT
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
$22,756
Disposition · CASH - WMNC · May 23, 2025 · 501(C)(3)
-
$11,532,295
Disposition · GRANTS RECEIVABLE · May 23, 2025 · 501(C)(3)
-
$6,261,208
Disposition · LAND · May 23, 2025 · 501(C)(3)
-
$47,905,700
Disposition · CONSTRUCTION IN PROGRESS, NET OF DEBT · May 23, 2025 · 501(C)(3)
-
HHM PARKING UNIT LLC
$2,084,379
Disposition · LAND · May 23, 2025 · 501(C)(3)
-
HHM PARKING UNIT LLC
$3,993,003
Disposition · CONSTRUCTION IN PROGRESS, NET OF DEBT · May 23, 2025 · 501(C)(3)
-
HHM PARKING UNIT LLC
$286,523
Disposition · CASH - HHMPU · May 23, 2025 · 501(C)(3)
-
$3,952,019
Disposition · OPERATING RIGHT-OF-USE ASSET · May 23, 2025 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 20 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601409349300515
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