Greater Milwaukee Foundation Holdings Inc

Nonprofit profile at a glance

EIN
200423761
IRS 990-EZ coverage
2024–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
Milwaukee, WI, USA
Phone
4142725805
Rating confidence
Limited
Sector
Community Foundations

Reported finances

Revenue
$0
Expenses
$0
Assets
$2,673
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • ELLEN GILLIGAN (PRESIDENT (END 8/24))
  • KATHRYN DUNN (VICE PRESIDENT (END 8/24))
  • GREGORY WESLEY (PRESIDENT (START 8/24))
  • KRISTEN MEKEMSON (VICE PRESIDENT (START 8/24))

People named in this filing

  • PAUL J JONES (CHAIR (END 6/24))
  • DEREK TYUS (DIRECTOR)
  • MARY ELLEN STANEK (CHAIR (START 6/24))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The greater milwaukee foundation holdings, inc. Operates as a supporting organization described in sections 501(c)(3) and 509(a)(3) of the internal revenue code.

What it reported doing in 2024

The greater milwaukee foundation holdings, inc. Operates as a supporting organization described in sections 501(c)(3) and 509(a)(3) of the internal revenue code.as set forth in the greater milwaukee foundation holdings, inc.'s articles of incorporation, "the corporation is organized, and shall at all times be operated, exclusively for the benefit of, to perform the functions of, and to carry out the purposes of, greater milwaukee foundation. In furtherance thereof, the corporation shall be organized and operated exclusively for, and its activities shall be limited to, such religious, charitable, scientific, literary and educational purposes as will benefit, carry out the purposes and/or perform the functions of the greater milwaukee foundation, including among such purposes, without limitation:( a ) the acquisition, disposition, holding, management, administration and/or leasing of real and personal property for the benefit and/or purposes of the greater milwaukee foundation.( b ) the disbursements of funds, including the proceeds of the disposition of property, to the greater milwaukee foundation and/or for the benefit and/or purposes of the greater milwaukee foundation.( c ) the receipt and solicitation of donations and bequests and the receipt and acceptance of real and personal property to be held for the benefit and/or purposes of the greater milwaukee foundation.( d ) the engagement or retention of employees, consultants and other personnel in connection with the holding, administration or management of real or personal property held by the corporation and/or for the benefit and/or purposes of the greater milwaukee foundation.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 70
  • Sustainability: 8
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 2nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: 70.1% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 1 filed schedules
  • Contacts: How to reach this organization
  • Related organizations: 7 filed related-organization links
  • 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.

  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.