Tempo Milwaukee Foundation Inc
- Assets
- $306.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/2011
- Data as of
- 04/2023
- EIN
- 27-0888455
Organization Overview
Tempo Milwaukee Foundation Inc is located in Milwaukee, WI. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tempo Milwaukee Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Tempo Milwaukee Foundation Inc generated $189.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $175.7k during the year ending 04/2023. While expenses have increased by 16.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION MADE GRANTS TO COLLEGES/UNIVERSITIES FOR SCHOLARSHIPS TOTALING $18,008 DURING THE FISCAL YEAR ENDED APRIL 30, 2022. EACH YEAR, TWO OR MORE COLLEGES OR UNIVERSITIES WILL RECEIVE GRANTS. THE PRECISE AMOUNT OF GRANTS AND THE NUMBER OF GRANTS TO BE AWARDED WILL DEPEND UPON AVAILABLE FOUNDATION RESOURCES AND THE COSTS ASSOCIATED WITH ATTENDING COLLEGE AT THE TIME THE GRANTS ARE AWARDED. THE RECIPIENT COLLEGE OR UNIVERSITY WILL THEN DECIDE HOW TO ALLOCATE THE SCHOLARSHIP FUNDS WITHIN THE GUIDELINES SET FORTH BY THE ORGANIZATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Bartel Chair | 1 | $0 | |
Ann Miletti Vice Chair | 1 | $0 | |
Mary Ellen Krueger Past Chair | 1 | $0 | |
Mary Robyn Peotter Treasurer | 1 | $0 | |
Felisa Parris Secretary | 1 | $0 | |
Sarah Greenberg Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,465 |
| Total Program Service Revenue | $11,960 |
| Membership dues | $0 |
| Investment income | $4,980 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $189,405 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $77,560 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $77,277 |
| Total expenses | $175,727 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $303,677 |
| Other assets | $0 |
| Total assets | $306,212 |
| Total liabilities | $51,875 |
| Net assets or fund balances | $254,337 |