Nonprofit · EIN 23-7375882
MPC ENDOWMENT LTD
Tax-exempt · MILWAUKEE, WI 53226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $152,857 | $48,667 | $104,190 | $646,402 | $0 | $646,402 |
| December 31, 2023 | 990-EZ | $66,188 | $56,801 | $9,387 | $498,533 | $0 | $498,533 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $119,791
- Program service revenue
- $0
- Investment income
- $33,066
- Net gain from sales of assets
- $21,403
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $20,750
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,400
- Program services (functional)
- $30,667
- Fundraising (functional)
- $18,000
Balance sheet and other
- Total assets, start of year
- $498,533
- Total assets, end of year
- $646,402
- Total liabilities, end of year
- $0
- Net assets, end of year
- $646,402
- Net assets without donor restrictions
- $646,402
- Gross receipts
- $152,857
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1958
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID NILES | TREASURER Trustee or director | 2 | $0 |
| TOM HEINEN | SECRETARY Trustee or director | 2 | $0 |
| JIM NELSON | BOARD OF DIRECTORS Trustee or director | 2 | $0 |
| ERIN RICHARDS | BOARD OF DIRECTORS Trustee or director | 2 | $0 |
| PAT HASTINGS | PRESIDENT Trustee or director | 5 | $0 |
| CORRI HESS | VICE PRESIDENT Trustee or director | 5 | $0 |
| TAMIA FOWLKES | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
| KATHLEEN GALLAGHER | BOARD OF DIRECTORS Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOEL DRESANG | PRESIDENT | 5 | $0 |
| ASHLEY LUTHERN | VICE PRESIDENT | 1 | $0 |
| DAVID NILES | TREASURER | 5 | $0 |
| TOM HEINEN | SECRETARY | 1 | $0 |
| LINDSEY MCKEE | BOARD OF DIRECTORS | 1 | $0 |
| JIM NELSON | BOARD OF DIRECTORS | 1 | $0 |
| ERIN RICHARDS | BOARD OF DIRECTORS | 1 | $0 |
| KIM SHINE | BOARD OF DIRECTORS | 1 | $0 |
| NYESHA STONE | BOARD OF DIRECTORS | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1505 N 119TH ST, MILWAUKEE, WI 53226-3241
- In care of
- % DAVID G NILES
- Mailing address (990-N for 2020)
- 1505 N 119th Street, Wauwatosa WI 53226
- Principal officer (990 for 2024)
- DAVID NILES, 1505 N 119TH ST, WAUWATOSA, WI 53226
- Principal officer (990-N for 2020)
- Joel Dresang, 411 E Wisconsin Avenue Suite 2000, Milwaukee WI 53202
- Signed the 990
- DAVID NILES, TREASURER
- Phone
- (414) 617-6597
- Return prepared by
- Terrence Rice CPA
Mission
The MPC Endowment was established in 1973 to promote the advancement of journalism excellence - from learning how to gather and write news in high school, to creating and presenting information in college newspapers and websites, to awarding achievement at the professional level.
Program accomplishments
- The endowment carries out its mission by providing scholarships to students, funding journalism-related education programs and supporting activities of the Milwaukee Press Club.Expenses $30,667 · revenue $195,269
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 23-7375882
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $646,402
- Income (IRS master file)
- $152,857
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $152,857 | $48,667 | $646,402 | XML |
| 990-EZ | December 2023 | $66,188 | $56,801 | $498,533 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Joel Dresang | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: David Niles | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7375882).
Questions about MPC ENDOWMENT LTD
- What is the EIN of MPC ENDOWMENT LTD?
- The employer identification number (EIN) of MPC ENDOWMENT LTD is 23-7375882.
- Is MPC ENDOWMENT LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to MPC ENDOWMENT LTD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MPC ENDOWMENT LTD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MPC ENDOWMENT LTD due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MPC ENDOWMENT LTD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MPC ENDOWMENT LTD?
- The 990 for the year ended December 31, 2024 names DAVID NILES.
- Who are the officers and directors of MPC ENDOWMENT LTD?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MPC ENDOWMENT LTD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $152,857, expenses of $48,667 and total assets of $646,402 at year end.
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