Nonprofit · EIN 46-1062617
WISCONSIN LGBT CHAMBER OF COMMERCE INC
Tax-exempt · MILWAUKEE, WI 53208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $963,649 | $922,688 | $40,961 | $418,796 | $174,720 | $244,076 |
| December 31, 2023 | 990 | $711,701 | $783,283 | -$71,582 | $356,114 | $152,999 | $203,115 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $912,068
- of which government grants
- $587,178
- Membership dues
- $324,875
- Program service revenue
- $51,133
- Investment income
- $448
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $401,869
- Salaries, compensation and benefits (total)
- $487,109
- Professional fundraising fees
- $0
- Accounting fees
- $3,555
- Travel
- $70,072
- Program services (functional)
- $836,729
- Management and general (functional)
- $85,959
Balance sheet and other
- Total assets, start of year
- $356,114
- Total assets, end of year
- $418,796
- Total liabilities, end of year
- $174,720
- Net assets, end of year
- $244,076
- Net assets without donor restrictions
- $244,076
- Gross receipts
- $963,649
- Employees
- 9
- Year formed
- 2012
- 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 |
|---|---|---|---|
| TIMOTHY POSNANSKI | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JASON RAE | CEO Trustee or director, Officer | 40 | $0 |
| CRIS SELIN | TREASURER Trustee or director | 1 | $0 |
| JORNA TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY POSNANSKI | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JASON RAE | CEO Trustee or director, Officer | 40 | $0 |
| CRIS SELIN | TREASURER Trustee or director | 1 | $0 |
| JORNA TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5027 W NORTH AVE, MILWAUKEE, WI 53208-1132
- In care of
- % JASON RAE
- Principal officer (990 for 2024)
- JASON RAE, 5027 W NORTH AVE, MILWAUKEE, WI 532081132
- Signed the 990
- JASON RAE, CEO
- Phone
- (414) 914-9900
- Website
- WISLGBTCHAMBER.COM
- Return prepared by
- HILLSTROM ACCOUNTING LLC
Mission
THE CHAMBER WILL WORK TO BE THE BUSINESS ADVOCATE FOR THE LGBTQ BUSINESS COMMUNITY IN ALL OF WISCONSIN.
Program accomplishments
- DURING 2024, THE WISCONSIN LGBT CHAMBER ACCOMPLISHED ITS GOAL TO CREATE A MORE INCLUSIVE ECONOMY BY EXPANDING AND STRENGTHENING PROGRAMS AND SERVICES FOR MEMBERS STATEWIDE. THIS INCLUDED GROWING OUR TECHNICAL ASSISTANCE OFFERINGS, SUCH AS LAUNCHING A NEW VIRTUAL EDUCATIONAL SERIES, AND ENHANCING SIGNATURE PROGRAMS LIKE THE BUSINESS LEADERSHIP ACADEMY, LGBTQ WORKPLACE ALLIANCE, AND ENTREPRENEUR BOOTCAMP, WHICH HOSTED ADDITIONAL TRAININGS AROUND THE STATE. THE CHAMBER INCREASED CORPORATE ENGAGEMENT AROUND SUPPLIER DIVERSITY AND WORKED TO PROMOTE THE LGBTE CERTIFICATION TO BUSINESSES AND HELPED OPEN PROCUREMENT OPPORTUNITIES. THE CHAMBER HOSTED NUMEROUS EVENTS TO FOSTER CONNECTION AND ENDED THE YEAR WITH 667 BUSINESS MEMBERS.
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 on file |
IRS record
- EIN
- 46-1062617
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $418,796
- Income (IRS master file)
- $963,649
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $963,649 | $922,688 | $418,796 | XML |
| 990 | December 2023 | $711,701 | $783,283 | $356,114 | XML |
| 990 | December 2022 | $479,878 | $418,195 | $274,697 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 46-1062617).
Questions about WISCONSIN LGBT CHAMBER OF COMMERCE INC
- What is the EIN of WISCONSIN LGBT CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of WISCONSIN LGBT CHAMBER OF COMMERCE INC is 46-1062617.
- Is WISCONSIN LGBT CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2014.
- Are donations to WISCONSIN LGBT CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WISCONSIN LGBT CHAMBER OF COMMERCE INC 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 WISCONSIN LGBT CHAMBER OF COMMERCE INC 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 WISCONSIN LGBT CHAMBER OF COMMERCE INC 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 WISCONSIN LGBT CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 names JASON RAE.
- Who are the officers and directors of WISCONSIN LGBT CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does WISCONSIN LGBT CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $963,649, expenses of $922,688 and total assets of $418,796 at year end.
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All nonprofits in MILWAUKEE · Wisconsin · Community improvement and capacity building