2024-11-12T13:42:10-06:00 2023-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2023-01-01 205845448 SOUTH 27TH STREET BUSINESS DISTRICT ASSOCIATION INC SOUT 4142825003 4647 SOUTH 27TH STREET GREENFIELD WI 53221 TROY CHOWANEC PRESIDENT 4142825003 2024-11-12 1 0 RENEE MESSING P01872384 4142711451 2024-11-12 2023 2024-10-15 13:58:12Z TARA CAVAZOS 4647 SOUTH 27TH STREET GREENFIELD WI 53221 159095 0 X WWW.HISTORICHWY41.COM X 2011 WI THE PURPOSE OF THE BID IS TO FOSTER THE ECONOMIC GROWTH AND CULTURAL VITALITY OF THE SOUTH 27TH STREET BUSINESS DISTRICT BETWEEN OKLAHOMA AVENUE AND COLLEGE AVENUE, THE SOUTH SIDE OF THE MILWAUKEE METROPOLITAN AREA. 13 13 0 30 0 0 300296 159095 0 0 0 0 0 0 300296 159095 2100 7500 0 0 60000 65501 0 0 0 144696 93886 206796 166887 93500 -7792 432966 457062 339466 371354 93500 85708 THE PURPOSE OF THE BID IS TO FOSTER THE ECONOMIC GROWTH AND CULTURAL VITALITY OF THE SOUTH 27TH STREET BUSINESS DISTRICT BETWEEN OKLAHOMA AVENUE AND COLLEGE AVENUE, THE SOUTH SIDE OF THE MILWAUKEE METROPOLITAN AREA. 0 0 137973 7500 ENHANCE ECONOMIC VIABILITY OF LOCAL BUSINESS, ENHANCE PROPERTY VALUES, MAXIMIZE BUSINESS FACILITIES AND PROMOTE THE FRIENDLINESS AND QUALITY OF THE S 27TH ST BUSINESS DISTRICT. OUR ORGANIZATION COMPLETED AN BEAUTIFICATION, CURB APPEAL DESIGN AND SAFETY UPGRADE TO OUR COUNTY OWNED SHELTERS THROUGHOUT THE BUSINESS CORRIDOR. 137973 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 WI X TROY CHOWANEC 4142825003 4647 SOUTH 27TH STREET GREENFIELD WI 53221 TARA CAVAZOS EXECUTIVE DIR. 30.00 X 65501 0 0 TROY CHOWANEC PRESIDENT 1.00 X X 0 0 0 JEFFREY STEREN VICE PRESIDENT 1.00 X X 0 0 0 TODD REARDON TREASURER 1.00 X X 0 0 0 DR SYLVESTRA RAMIREZ SECRETARY 1.00 X X 0 0 0 DAVID GARZON DIRECTOR 1.00 X 0 0 0 MARK KIVLEY DIRECTOR 1.00 X 0 0 0 JON MAJDOCH DIRECTOR 1.00 X 0 0 0 ROBERT MONTEMAYOR DIRECTOR 1.00 X 0 0 0 HETAL PATEL DIRECTOR 1.00 X 0 0 0 TOULY VANG DIRECTOR 1.00 X 0 0 0 CHRIS RASCH DIRECTOR 1.00 X 0 0 0 KEVIN SCHOLZ DIRECTOR 1.00 X 0 0 0 KYLER SCMIDT DIRECTOR 1.00 X 0 0 0 65501 0 0 0 0 0 0 0 150095 9000 159095 159095 0 0 0 7500 7500 65501 52401 13100 8683 8683 15474 15474 2915 1966 949 18188 14551 3637 1219 1219 1251 1251 LANDSCAPING DESIGN AND 27614 27614 COMMUNITY PROSECUTOR EX 16792 16792 DONATIONS 1351 1351 ANNUAL MEETING 299 299 100 25 75 166887 137973 28914 0 355174 393476 12253 10790 2808 2808 0 0 65539 52796 432966 457062 3291 273927 316435 65539 51628 339466 371354 X 0 0 0 0 93500 85708 93500 85708 432966 457062 -7792 0 X 0 1 X 1 0 X 25000 16500 107112 9000 157612 180557 194113 187063 193184 150095 905012 180557 219113 203563 300296 159095 1062624 1062624 2065 2065 1064689 0.99810 0.99370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2808 2808 0 0 OPERATING LEASE RIGHT OF USE ASSET 52796 52796 LEASE LIABILITY 51628 51628 X 159095 0 159095 0 159095 166887 0 166887 0 166887 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CURRENTLY CLASSIFIED AS A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2023, THE ORGANIZATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. 1 BUSINESS GRANTS AND MARKETING GRANTS 2 7500 FMV PART I, LINE 2: THE SOUTH 27TH STREET BUSINESS DISTRICT ASSOCIATION HAS ESTABLISHED A GRANT PROGRAM TO ASSIST SMALL BUSINESSES AND PROPERTY OWNERS IN BID'S MILWAUKEE 43 AND GREENFIELD 1 AND 2 WITH IMPROVEMENTS TO THEIR FACILITIES AND BUSINESS DEVELOPMENT. GRANT AWARDS WILL BE FOR UP TO 50% OF THE PROJECT COST WITH THE MAXIMUM AWARD NOT TO EXCEED THE LIMITS IDENTIFIED FOR EACH CATEGORY. PROJECTS MUST BE COMPLETED WITHIN 90 DAYS OF NOTICE THAT A GRANT HAS BEEN AWARDED. THE ASSOCIATION CANNOT RESERVE FUNDS INDEFINITELY, BUT AWARDEES MAY REQUEST AN EXTENSION IN WRITING IF THERE ARE EXTENUATING CIRCUMSTANCES. UPON RECEIVING A COMPLETE APPLICATION, IT WILL BE SCHEDULED FOR REVIEWED BY THE BOARD, AT THE NEXT SCHEDULED MEETING FOR CONSIDERATION. IN ADDITION, THE PROPERTY/BUSINESS OWNER MUST ATTEND A MINIMUM OF 2 ASSOCIATION EVENTS PER CALENDAR YEAR TO CONTINUE TO QUALIFY FOR FUTURE GRANT SUPPORT. THESE EVENTS COULD INCLUDE WORKSHOPS, SEMINARS, BUSINESS MIXERS, VOLUNTEERING, OR ANY EVENT THAT SUPPORTS THE GROWTH OF THE BUSINESS DISTRICT. GRANTS ARE AWARDED ON A FIRST COME, FIRST SERVE BASIS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - REVIEWED BY ENTIRE BOARD FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. OTHER MEMBERS OF THE BOARD OR COMMITTEE DETERMINE IF A CONFLICT EXISTS. WHEN THIS OCCURS THE BOARD MEMBER WITH A CONFLICT OF INTEREST IS ASKED TO LEAVE DURING THE DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 COMPARISON TO SIMILAR POSITIONS AND BUDGET ALLOWANCES, REVIEWED BY EXECUTIVE COMMITTEE AND DECISIONED BY THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST