Cream City Foundation Inc
- Assets
- $302.9k
- Revenue
- $103.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Milwaukee, WI
- Founding
- 10/1983
- Data as of
- 12/2021
- EIN
- 39-1416063
Organization Overview
Cream City Foundation Inc is located in Milwaukee, WI. The organization was established in 1983. According to its NTEE Classification (R26) the organization is classified as: Lesbian & Gay Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Cream City Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cream City 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 12/2021, Cream City Foundation Inc generated $103.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $154.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREAM CITY FOUNDATION SERVES AS A CATALYST FOR SOCIAL CHANGE ON BEHALF OF LESBIAN, GAY, BISEXUAL, AND TRANSGENDER LGBT COMMUNITIES IN SOUTHEASTERN WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC GRANT MAKING FOCUSING ON ADDRESSING THE ELEVATED PRIORITIES OF EQUITY, HEALTH AND PROSPERITY ECONOMIC JUSTICE, AWAREDED 68,300 TO 11 LGBTQ AND ALLIED NONPROFITS WORKING TO ADDRESS THE OVERALL OPPORTUNISTS FOR LGBTQ PEOPLE IN SE WISCONSIN TO LIVE PROSPEROUS AND FULFILLING LIVES WITH EQUAL ACCESS AND OPPORTUNITY TO PARTICIPATE. LAUNCHED THE LGBTQ SCHOLARHIP PROGRAM TO SUPPORT LGBTQ STUDENTS IN SE WI WITH ACCESS TO POST SECONDARY EDUCATION. RESEARCHED THE NEEDS OF THE SE WI LGTBQ COMMUNITIES POST MARRIAGE EQUALITY CONDUCTING AN ENVIRONMENTAL SCAN OF THE RESEARCH AND NEEDS NATION WIDE TO STATE, WITH 27 COMMUNITIES LEADERS BEING INTERVIEWED FROM 25 ORGANIZATIONS IN SE WI AND MADISON. THE RESULTS OF THE RESEARCH IS BEING USED TO GUIDE FOUNDATION CONVENINGS, FUNDRAISING AND GRANTMAKING. A REPORT TO THE COMMUNITY WAS COMPILED. SIGNATURE EVENTS AND CONVENINGS HAVE BEEN HELD TO RAISE AWARENESS, VISABILITY, AND SUPPORT FOR LGBTQ ISSUES AND NEEDS IN SE WI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Balcerzak - Acting President J President | OfficerTrustee | 30 | $13,095 |
Dj Quam Interim President CEO | OfficerTrustee | 1 | $0 |
Angie Harden Vice Chair | OfficerTrustee | 1 | $0 |
Robin Mallon-Todd Secretary | OfficerTrustee | 1 | $0 |
Christopher Tsukichi Treasurer | OfficerTrustee | 1 | $0 |
Michelle Gran Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,471 |
| Total Program Service Revenue | $0 |
| Investment income | $6,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,300 |
| 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. | $13,095 |
| Compensation of current officers, directors, key employees. | $13,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,302 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,805 |
| Advertising and promotion | $0 |
| Office expenses | $1,428 |
| Information technology | $6,773 |
| Royalties | $0 |
| Occupancy | $15,474 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $833 |
| Insurance | $1,806 |
| All other expenses | $0 |
| Total functional expenses | $154,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,362 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $672 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $102,304 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,744 |
| Total assets | $302,867 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $234,762 |
| Net assets with donor restrictions | $68,105 |
| 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 | $302,867 |
Grants Awarded
Over the last fiscal year, Cream City Foundation Inc has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: General Support | $60,000 |
Milwaukee, WI PURPOSE: Milwaukee Justice Center | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cream City Foundation Inc has recieved totaling $51,550.
| Awarding Organization | Amount |
|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: THE LGBTQ SCHOLARSHIP FUND | $18,275 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: THE LGBTQ SCHOLARSHIP FUND | $18,275 |
Jeffrey C Kasch Foundation Inc Milwaukee, WI PURPOSE: CHARITABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affirmations Community Center Ferndale, MI | $3,605,879 | $1,993,139 |
Outfront Minnesota Community Services St Paul, MN | $706,742 | $1,098,141 |
Gay Elders Of Metro Detroit Ferndale, MI | $224,892 | $863,332 |
Reconciling Ministries Network Chicago, IL | $459,828 | $862,014 |
Gay-Lesbian-Bisexual Transgender Pride-Twin Cities Minneapolis, MN | $408,535 | $897,121 |
Illinois Safe Schools Alliance Chicago, IL | $159,610 | $477,605 |
Lgbt Detroit Detroit, MI | $334,237 | $500,803 |
Outreach Inc Madison, WI | $258,886 | $475,242 |
Project Fierce Chicago Inc Chicago, IL | $0 | $0 |
Outfront Minnesota St Paul, MN | $98,499 | $162,552 |
Fair Wisconsin Education Fund Inc Madison, WI | $197,166 | $223,455 |
Cream City Foundation Inc Milwaukee, WI | $302,867 | $103,870 |