East Side Business Improvement Dist
Nonprofit profile at a glance
- EIN
- 391946861
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Milwaukee, WI, USA
- Phone
- 4143794996
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $358,430
- Expenses
- $335,060
- Assets
- $213,359
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Joey Wisniewski (President)
- Ryan Laessig (Executive Director)
- Spencer Kronz (Vice President)
People named in this filing
- Beth Lobner (Director)
- Summer Thompson (Director)
- Scott Blum (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Building a coalition to create Milwaukee most dynamic neighborhood.
What it reported doing in 2024
Completed a multi-year strategic planning process for the BID and have developed a new impact strategy. Hired a new Executive Director for the BID who has strong experience and passion for non-profit work. The Leadership transitioned after a three year tenure. Contracts were initiated to clean sidewalks and graffiti removal. Obtained services of a company that plants flowers and maintains street planters. Providers decorate the core of the district with Holdiday lighting during the Holiday season. Continued management of Black Cat Alley, which included maintaining the current murals, improving pedestrian safety, improving signage security and developing and launching new programing uses for the Alley. BID businessses were promoted through the East Side BID website. Board Committees introduced for Economic Development, Area Management, Marketing, Events, Black Alley Cat, and provided staff support for the East Side Architectural Board.
Operating model
- Revenue model
- Other-operating. 89% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 91
- Accountability: 94
- Sustainability: 52
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.4%; rating input score 77
- Program expense ratio: 82.2%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.5%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.64; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -0.1% per year; rating input score 0; 30th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 13.5% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 77.4% of revenue deployed · 82.2% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $276K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 17 of 18 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Operating margin scored 54/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.