Historic Milwaukee Inc
- Assets
- $466.1k
- Revenue
- $438.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Milwaukee, WI
- Founding
- 02/1974
- Data as of
- 12/2023
- EIN
- 39-1212338
Organization Overview
Historic Milwaukee Inc is located in Milwaukee, WI. The organization was established in 1974. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Historic Milwaukee Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Milwaukee 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 12/2023, Historic Milwaukee Inc generated $438.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $477.3k during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HISTORIC MILWAUKEE, INC (HMI) IS A PRIVATE, NON-PROFIT EDUCATIONAL ORGANIZATION, FOUNDED IN 1974, WHOSE MISSION IS DEDICATED TO INCREASING AWARENESS OF, AND COMMITMENT TO MILWAUKEE'S HISTORY, ARCHITECTURE, AND THE PRESERVATION OF OUR BUILT ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1974, HISTORIC MILWAUKEE, INC. HAS BEEN DEDICATED TO INCREASING AWARENESS OF AND COMMITMENT TO MILWAUKEE'S HISTORY, ARCHITECTURE, AND THE PRESERVATION OF OUR BUILT ENVIRONMENT. MORE THAN 400 HISTORIC MILWAUKEE, INC. VOLUNTEERS SHARE A LOVE OF HISTORY, MILWAUKEE'S ARCHITECTURAL TREASURES, AND THE FUTURE OF OUR CITY. HISTORIC MILWAUKEE, INC. DRAWS ON ALMOST 50 YEARS OF PROGRAMMING EXPERTISE TO DELIVER ENGAGING AND INFORMATIVE TOURS AND OTHER EDUCATIONAL PROGRAMMING ON MILWAUKEE'S HISTORY AND ARCHITECTURE. OUR TOURS ARE DELIVERED IN A VARIETY OF FORMATS: WALKING TOURS, SPECIALIZED TOURS; STEP-ON TOUR GUIDES FOR COACH BUSES AND STUDENT TOURS. HISTORIC MILWAUKEE, INC. IS THE ONLY NONPROFIT PROVIDER OF THESE EDUCATIONAL AND HISTORIC TOURS IN MILWAUKEE.
SPACES & TRACES CELEBRATED 41 YEARS ON MAY 7, 2023 IN BAY VIEW. MORE THAN 830 VISITORS TOURED 16 PROPERTIES INCLUDING WORKMAN'S COTTAGES, ARTS & CRAFTS MANSIONS AND LAKEFRONT BUNGALOWS. THE TOUR ALSO FEATURED COMMERCIAL PROPERTIES INCLUDING TWO HISTORIC PRINT SHOPS, A HISTORIC COCKTAIL BAR AND A HISTORIC HOUSE MUSEUM. IN ADDITION TO BUILDING TOURS, SPACES & TRACES INCLUDED A VIRTUAL PRESENTATIONS BY HISTORIAN JOHN GURDA ABOUT THE HISTORY AND DEVELOPMENT OF BAY VIEW, FROM A ROLLING MILL COMPANY TOWN TO A BELOVED MILWAUKEE NEIGHBORHOOD.
THE 13TH ANNUAL DOORS OPEN WELCOMED THOUSANDS OF VISITORS TO EXPLORE MILWAUKEE'S NEIGHBORHOODS ON SEPT. 23-24, 2023. WITH 132 LOCATIONS OPEN TO TOUR IN-PERSON, THERE WAS NO SHORTAGE OF ARCHITECTURAL AND CULTURAL GEMS TO EXPLORE DURING ONE OF MILWAUKEE'S FAVORITE ANNUAL CELEBRATIONS. TOP SITES VISITED INCLUDED MILWAUKEE CITY HALL, THE SAINT KATE- THE ARTS HOTEL, MILWAUKEE ARTS MUSEUM, FEDERAL BUILDING AND US COURTHOUSE AND THE WE ENERGIES PUBLIC SERVICE BUILDING. HISTORIC MILWAUKEE WORKED WITH COMMUNITY PARTNERS TO DEVELOP THESE NEW APP TOURS. THE TOURS ARE AVAILABLE TO DOWNLOAD FOR FREE IN THE HISTORIC MILWAUKEE APP. HISTORIC MILWAUKEE WORKED WITH VIA COMMUNITY DEVELOPMENT CORPORATION TO CREATE A NEW APP TOUR OF LAYTON BOULEVARD. THE TOUR IS AVAILABLE FOR DOWNLOAD FOR FREE IN ENGLISH AND SPANISH. DOORS OPEN BY THE NUMBERS 132 LOCATIONS SITE VISITS: 73,211 TICKETED TOURS: 3,299
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Swadish Kosmatka Executive Dir. | Officer | 40 | $83,795 |
Tim Cotter President | OfficerTrustee | 1 | $0 |
Kirsten Thompson Vice President | OfficerTrustee | 1 | $0 |
Brian Hatzung Secretary | OfficerTrustee | 1 | $0 |
Ahmad Omari Treasurer | OfficerTrustee | 1 | $0 |
Sarah Greenberg Past-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $82,502 |
| Fundraising events | $13,069 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,506 |
| Total Program Service Revenue | $159,705 |
| Investment income | $897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,324 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $56,091 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,795 |
| Compensation of current officers, directors, key employees. | $16,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,956 |
| Pension plan accruals and contributions | $5,464 |
| Other employee benefits | $0 |
| Payroll taxes | $17,633 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $945 |
| Fees for services: Accounting | $8,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,420 |
| Advertising and promotion | $36,061 |
| Office expenses | $40,164 |
| Information technology | $15,882 |
| Royalties | $0 |
| Occupancy | $34,920 |
| Travel | $3,627 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $320 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,777 |
| Insurance | $3,584 |
| All other expenses | $11,867 |
| Total functional expenses | $477,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,062 |
| Savings and temporary cash investments | $101,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,295 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $114,940 |
| Prepaid expenses and deferred charges | $10,869 |
| Net Land, buildings, and equipment | $16,525 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,068 |
| Other assets | $125,496 |
| Total assets | $466,144 |
| Accounts payable and accrued expenses | $32,555 |
| Grants payable | $0 |
| Deferred revenue | $53,454 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $128,696 |
| Total liabilities | $214,705 |
| Net assets without donor restrictions | $225,410 |
| Net assets with donor restrictions | $26,029 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $466,144 |