2024-11-13T11:56:26-06:00 2023-12-31 135565207 KPMG LLP 350 NORTH 5TH ST STE 600 MINNEAPOLIS MN 55401 990 2023-01-01 200423761 GREATER MILWAUKEE FOUNDATION HOLDINGS INC GREA 4142725805 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 YELENA CHESTER TREASURER 4142725805 2024-11-07 1 0 MONROE J GIERL P01413237 6123055000 2024-11-07 2023 2024-10-15 13:58:12Z X YELENA CHESTER 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 0 0 X WWW. GREATERMILWAUKEEFOUNDATION. ORG X 2003 WI SEE SCHEDULE O 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2673 2673 0 0 2673 2673 X SEE SCHEDULE O 0 0 0 0 0 SEE SCHEDULE OTHE 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. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X GREATER MILWAUKEE FOUNDATION 4142725805 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 PAUL J JONES CHAIR 1.00 0.00 X 0 0 0 DEREK TYUS DIRECTOR 1.00 0.00 X 0 0 0 GREG WESLEY VICE CHAIR (END 12/23) 1.00 0.00 X 0 0 0 ELLEN GILLIGAN PRESIDENT 0.00 40.00 X 0 324970 57748 KATHRYN DUNN VICE PRESIDENT 0.00 40.00 X 0 169659 33038 KEN ROBERTSON SECRETARY 0.00 40.00 X 0 201605 29243 0 696234 120029 0 0 1 0 0 0 0 0 0 0 0 0 0 2673 2673 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2673 2673 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2673 2673 0 0 2673 2673 2673 2673 0 0 X 0 1 X 1 0 X X 1 GREATER MILWAUKEE FOUNDATION INC 396036407 8 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X PART V, LINE 4: ALL ENDOWMENT FUNDS ARE INVESTED TO GENERATE A PERMANENT SOURCE OF INCOME. THE INVESTED PRINCIPAL OF THE ENDOWMENT FUNDS CAN BE USED FOR GRANTMAKING AS REQUESTED BY THE DONORS UP TO A MINIMUM BALANCE. THERE ARE NO TIMING RESTRICTIONS ON ANY OF THE ENDOWED ASSETS. PART X, LINE 2: THE FOUNDATION FOLLOWS THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN A COMPANY'S FINANCIAL STATEMENTS. ASC TOPIC 740 PRESCRIBES A MORE-LIKELY THAN-NOT RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN. UNDER ASC TOPIC 740, TAX POSITIONS WILL BE EVALUATED FOR RECOGNITION, DERECOGNITION, AND MEASUREMENT USING CONSISTENT CRITERIA AND WILL PROVIDE MORE INFORMATION ABOUT THE UNCERTAINTY IN INCOME TAX ASSETS AND LIABILITIES. THE FOUNDATION DOES NOT HAVE A LIABILITY RECORDED FOR UNRECOGNIZED TAX BENEFITS. 1 0 0 0 0 0 0 0 0 0 ELLEN GILLIGAN PRESIDENT 0 324970 0 0 0 0 0 38696 0 19052 0 382718 0 0 KEN ROBERTSON SECRETARY 0 201605 0 0 0 0 0 18720 0 10523 0 230848 0 0 KATHRYN DUNN VICE PRESIDENT 0 169659 0 0 0 0 0 16224 0 16814 0 202697 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED FOR REVIEW TO THE BOARD MEMBERS OF THE SUPPORTED ORGANIZATION - GREATER MILWAUKEE FOUNDATION, INC. BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST QUESTIONNAIRES COMPLETED BY ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REVIEWED BY THE CHIEF FINANCIAL OFFICER OF THE GREATER MILWAUKEE FOUNDATION, INC. - THE SUPPORTED ORGANIZATION, ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SINCE THE FILING ORGANIZATION DOES NOT PAY COMPENSATION, THE FOLLOWING INFORMATION APPLIES TO HOW THE SUPPORTED ORGANIZATION (THE GREATER MILWAUKEE FOUNDATION) OF THE FILING ORGANIZATION DETERMINES COMPENSATION FOR THE PERSONS SERVING AS DIRECTORS AND OFFICERS OF THE FILING ORGANIZATION: THE ADMIN & AUDIT COMMITTEE OF THE GREATER MILWAUKEE FOUNDATION WILL ANNUALLY REQUEST COMPARABLE COMPENSATION DATA FROM THE GMF VICE PRESIDENT, HUMAN RESOURCES AND ORGANIZATIONAL LEARNING (VP, HROL) FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER (CEO) POSITION AT THE FOUNDATION. THE COMPARABLE COMPENSATION DATA WILL GENERALLY COME FROM SALARY SURVEY DATA PROVIDED BY THE COUNCIL ON FOUNDATIONS AND SPECIFIC COMPARABLES OBTAINED FROM OTHER SURVEYS SUCH AS MRA AND THE NON PROFIT SURVEY CONDUCTED BY MRA, AND GUIDESTAR POSTED 990'S. THE VP, HROL WILL SITE COMPARABLES IN A REPORT AND REFERENCE WHERE DATA WAS OBTAINED. THE ADMIN & AUDIT COMMITTEE WILL REVIEW THE COMPARABLE DATA AND MAKE A RECOMMENDATION TO THE CHAIRMAN OF THE BOARD AND THEN TO THE FULL BOARD FOR ANY CHANGES IN THE CEO'S COMPENSATION, WITHOUT PARTICIPATION OR DISCUSSION WITH THE CEO. THE CEO MAY ANSWER QUESTIONS OF THE BOARD THAT MAY BE USED IN LATER DELIBERATIONS AND DECISION-MAKING. THE BOARD MUST DOCUMENT THE BASIS FOR DETERMINATION OF THE CEO'S SALARY. THE DOCUMENTATION MUST CONTAIN THE DATE AND TERMS OF THE COMPENSATION TRANSACTION, THE MEMBERS PRESENT FOR THE DECISION, AND WHAT COMPARABLE DATA WAS USED FOR THE DECISION. THE ADMIN & AUDIT COMMITTEE WILL BE PROVIDED WITH A TEMPLATE TO THE DOCUMENT PROCESS AND DECISION. THE ADMIN & AUDIT COMMITTEE WILL DRIVE THE PROCESS FOR DECISION-MAKING AND ASSURE THE DOCUMENTATION IS OBTAINED AND RECORDED IN BOTH THE BOARD MINUTES AND THE PERSONNEL FILE OF THE CEO. A SIMILAR PROCESS WILL BE USED FOR OTHER POSITIONS WITHIN THE FOUNDATION. HOWEVER, IT WILL BE THE CEO AND THE VP, HROL CONFERRING ON THESE OTHER POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. GREATER MILWAUKEE FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 396036407 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 8 0 HONKAMP FAMILY FOUNDATION 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 391948390 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 STRATTEC FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 391890894 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 WEST BEND COMMUNITY FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 391971548 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 HEPBURN BOOTSTRAP FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 391983506 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 OCONOMOWOC AREA FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 753266194 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 GREATER CEDARBURG FOUNDATION INC 2153 N DR MARTIN LUTHER KING JR DR MILWAUKEE WI 53212 392008146 ISSUING GRANTS TO OTHER NONPROFIT ORGANIZATIONS WI 501(C)(3) LINE 12A, I GREATER MILWAUKEE FOUNDATION INC 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0