Nonprofit · EIN 93-0828687
MILWAUKEE DEVELOPMENT CORPORATION
Tax-exempt · MILWAUKEE, WI 53203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,248,510 | $1,853,429 | $2,395,081 | $16,826,694 | $9,460,299 | $7,366,395 |
| June 30, 2024 | 990 | $1,524,506 | $1,293,600 | $230,906 | $4,947,781 | $43,447 | $4,904,334 |
| June 30, 2023 | 990 | $21,906,807 | $21,876,551 | $30,256 | $4,666,006 | $95,080 | $4,570,926 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $757,797
- of which government grants
- $16,604
- Program service revenue
- $3,236,565
- Investment income
- $254,148
- Net gain from sales of assets
- $49,399
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $477,421
- Other salaries and wages
- $176,931
- Salaries, compensation and benefits (total)
- $746,167
- Professional fundraising fees
- $0
- Legal fees
- $438
- Accounting fees
- $74,000
- Occupancy
- $88,721
- Travel
- $10,664
- Depreciation
- $24,592
- Program services (functional)
- $1,300,262
- Management and general (functional)
- $553,167
Balance sheet and other
- Total assets, start of year
- $4,947,781
- Total assets, end of year
- $16,826,694
- Total liabilities, end of year
- $9,460,299
- Net assets, end of year
- $7,366,395
- Land, buildings and equipment
- $78,250
- Publicly traded securities
- $2,676,989
- Net assets without donor restrictions
- $4,359,487
- Net assets with donor restrictions
- $3,006,908
- Gross receipts
- $4,251,076
- Employees
- 4
- Volunteers
- 19
- Year formed
- 2003
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THIMOTHY R SHEEHY | EMERITUS Former | 1 | $0 | $827,097 | $33,175 |
| DALE KOOYENGA | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $352,262 | $20,109 |
| D PATRICK O'BRIEN | PRESIDENT Trustee or director, Officer | 40 | $279,613 | $0 | $36,911 |
| CRAIG KAMMHOLZ | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $248,621 | $45,531 |
| JAMES PAETSCH | SENIOR VP AND EXECUTIVE DIRECTOR M7 Key employee | 40 | $200,798 | $0 | $11,803 |
| REBECCA GRIES | EXECUTIVE DIRECTOR M7 Highest-paid employee | 40 | $128,835 | $0 | $39,212 |
| LYNN OLBERDING | CHIEF OPERATING OFFICER Officer | 1 | $0 | $111,712 | $38,891 |
| KEVIN ANDERSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARVIN BYNUM II | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARLA CROSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERICA-NICOLE HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOB HILLIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY HOEHN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN KISSINGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAT KRESSIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS KISSINGER | DIRECTOR Trustee or director | 1 | $0 |
| JOSH KRSNAK | DIRECTOR Trustee or director | 1 | $0 |
| JAY MACK | DIRECTOR Trustee or director | 1 | $0 |
| BARRY MANDEL | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT MONNAT | DIRECTOR Trustee or director | 1 | $0 |
| JOSH ROLING | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER R SMITH | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM SUENKENS | DIRECTOR Trustee or director | 1 | $0 |
| RICH TENNESSEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY SHEEHY | SECRETARY Trustee or director, Officer | 1 | $0 | $659,538 | $40,586 |
| D PATRICK O'BRIEN | PRESIDENT Trustee or director, Officer | 40 | $331,751 | $0 | $52,027 |
| DALE KOOYENGA | OFFICER Trustee or director, Officer | 1 | $0 | $248,828 | $11,295 |
| CRAIG KAMMHOLZ | TREASURER Trustee or director, Officer | 1 | $0 | $199,056 | $46,061 |
| JAMES PAETSCH | VICE PRESIDENT (FORMER) Key employee | 40 | $192,921 | $0 | $31,629 |
| JOHN KISSINGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL HATCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERICA-NICOLE HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FRANK J KREJCI | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVE CHERNOF | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARRY MANDEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOB HILLIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARVIN BYNUM II | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICH TENNESSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARLA CROSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT MONNAT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM SUENKENS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY SHEEHY | SECRETARY Trustee or director, Officer | 1 | $0 | $495,009 | $40,238 |
| D PATRICK O'BRIEN | PRESIDENT Trustee or director, Officer | 40 | $253,002 | $0 | $38,004 |
| CRAIG KAMMHOLZ | TREASURER Trustee or director, Officer | 1 | $0 | $174,228 | $43,900 |
| JAMES PAETSCH | VICE PRESIDENT (FORMER) Highest-paid employee | 40 | $178,233 | $0 | $10,106 |
| JOHN KISSINGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL HATCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERICA-NICOLE HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROLANDO RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FRANK J KREJCI | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVE CHERNOF | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BARRY MANDEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHEN MCGUIRE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOB HILLIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID STEARNS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICH TENNESSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DALE KOOYENGA | OFFICER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 W WISCONSIN AVE STE 220, MILWAUKEE, WI 53203-2220
- In care of
- % CRAIG KAMMHOLZ
- Principal officer (990 for 2024)
- PATRICK O'BRIEN, 301 W WISCONSIN AVE STE 220 220, MILWAUKEE, WI 53203
- Signed the 990
- CRAIG KAMMHOLZ, CFO
- Phone
- (414) 287-4126
- Return prepared by
- REILLY PENNER & BENTON LLP
Mission
-INSTIGATE, IMPLEMENT, PARTICIPATE IN AND PROMOTE SUCH ACTIVITIES AS SHALL, IN THE JUDGMENT OF MDC, TEND TO SUPPORT THE GENERAL COMMUNITY INTEREST IN A STRONG, VITAL, AESTHETICALLY EXCITING AND ECONOMICALLY VIABLE GREATER MILWAUKEE COMMUNITY.-DEVELOP FOR COMMUNITY CONSIDERATION SUCH STUDIES, SURVEYS AND PLANS AS MAY BE NECESSARY FOR CONSIDERATION OF ALTERNATIVE LAND AND SPACE USE FOR BUSINESS, RESIDENTIAL AND RECREATION ACTIVITIES.-ENCOURAGE, SUPPORT AND PARTICIPATE IN COOPERATIVE PLANNING AND INVESTMENT EFFORTS OF GOVERNMENT AGENCIES, ACADEMIC INSTITUTIONS AND PRIVATE ENTERPRISE IN A STRONG GREATER MILWAUKEE COMMUNITY.
Program accomplishments
- PROMOTED ECONOMIC DEVELOPMENT THROUGH CATALYTIC REAL ESTATE DEVELOPMENTS AND REGIONAL BUSINESS RETENTION, EXPANSION AND ATTRACTION WORKING IN PARTNERSHIP WITH BOTH PUBLIC AND PRIVATE LIKE-MINDED ORGANIZATIONS.Expenses $1,300,262 · revenue $3,299,999
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 93-0828687
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S113)
- Assets (IRS master file)
- $16,826,694
- Income (IRS master file)
- $4,251,076
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,248,510 | $1,853,429 | $16,826,694 | XML |
| 990 | June 2024 | $1,524,506 | $1,293,600 | $4,947,781 | XML |
| 990 | June 2023 | $21,906,807 | $21,876,551 | $4,666,006 | XML |
| 990 | June 2022 | $23,219,043 | $27,315,181 | $4,444,230 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 93-0828687).
Questions about MILWAUKEE DEVELOPMENT CORPORATION
- What is the EIN of MILWAUKEE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MILWAUKEE DEVELOPMENT CORPORATION is 93-0828687.
- Is MILWAUKEE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to MILWAUKEE DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MILWAUKEE DEVELOPMENT CORPORATION 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 MILWAUKEE DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MILWAUKEE DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MILWAUKEE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names PATRICK O'BRIEN.
- Who are the officers and directors of MILWAUKEE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 24 people; 3 received compensation from the organization.
- How much revenue does MILWAUKEE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,248,510, expenses of $1,853,429 and total assets of $16,826,694 at year end.
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All nonprofits in MILWAUKEE · Wisconsin · Community improvement and capacity building