Near West Side Partners Inc
- Assets
- $7.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Milwaukee, WI
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 47-2708769
Organization Overview
Near West Side Partners Inc is located in Milwaukee, WI. The organization was established in 2015. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Near West Side Partners Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Near West Side Partners 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, Near West Side Partners Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Near West Side Partners Inc has awarded 50 individual grants totaling $1,726,999. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REVITALIZE AND SUSTAIN THE NEAR WEST SIDE AS A THRIVING BUSINESS AND RESIDENTIAL CORRIDOR THROUGH COLLABORATIVE EFFORTS TO PROMOTE ECONOMIC DEVELOPMENT, IMPROVED HOUSING, UNIFIED NEIGHBORHOOD IDENTITY, BRANDING, AND GREATER SAFETY FOR RESIDENTS AND BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NWSP HAS FOUR PRIMARY FOCUS AREAS RELATED TO ECONOMIC AND COMMUNITY DEVELOPMENT, INCLUDING: (1) HOUSING, (2) COMMERCIAL CORRIDOR DEVELOPMENT, (3) SAFETY, AND (4) COMMUNITY HEALTH. HOUSING AND HEALTH HAVE BEEN A MAJOR DRIVER OF MANY PROGRAMS AND INITIATIVES, INCLUDING NWSP'S WORK WITH CONCORDIA 27, A COMPREHENSIVE COMMUNITY CENTER DESIGNED TO PROVIDE GREAT ACCESS TO HEALTH AND WELLNESS PROGRAMMING AND HIGH-QUAULITY, AFFORDABLE HOUSING IN THE NEAR WEST SIDE. NWSP SEES HEALTH AND WELLBEING, HOUSING AND COMMERCIAL DEVELOPMENT AS FUNDEMENTAL CHARATERISTICS OF A SAFE AND THRIVING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rana Altenburg President | OfficerTrustee | 1 | $0 |
Heidi Chada Director | Trustee | 1 | $0 |
Steven Brown Director | Trustee | 1 | $0 |
Leo Ries Director | Trustee | 1 | $0 |
Vanessa Koster Director | Trustee | 1 | $0 |
Rick Wiegand Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenfire Management Services Llc Construction & Landscaping Of Fat's Tria | 12/30/21 | $231,541 |
Innovative Signs Inc Print, Frame, & Install 2 Murals; Print | 12/30/21 | $165,739 |
Marquette University Promoting Assets Reducing Crime Program | 12/30/21 | $142,275 |
Mueller Communications Inc General Publicity & Communications; Webs | 12/30/21 | $130,141 |
Mingadigm Llc Design & Fabricate Neighborhood Markers, | 12/30/21 | $117,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $274,077 |
| All other contributions, gifts, grants, and similar amounts not included above | $468,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,096 |
| Total Program Service Revenue | $373,101 |
| Investment income | $42,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,940 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,264 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,238,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $508,228 |
| Grants and other assistance to domestic individuals. | $32,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,118 |
| Compensation of current officers, directors, key employees. | $27,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,702 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,353 |
| Payroll taxes | $30,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $98,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $734,080 |
| Advertising and promotion | $758 |
| Office expenses | $35,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,730 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,633 |
| Interest | $8,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,221 |
| Insurance | $11,692 |
| All other expenses | $28,846 |
| Total functional expenses | $2,048,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,469 |
| Savings and temporary cash investments | $756,182 |
| Pledges and grants receivable | $557,542 |
| Accounts receivable, net | $13,695 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,724,649 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,956 |
| Net Land, buildings, and equipment | $145,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,347 |
| Other assets | $153,861 |
| Total assets | $6,963,979 |
| Accounts payable and accrued expenses | $124,937 |
| Grants payable | $112,000 |
| Deferred revenue | $179,649 |
| 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 | $154,875 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,741 |
| Total liabilities | $575,202 |
| Net assets without donor restrictions | $5,378,149 |
| Net assets with donor restrictions | $1,010,628 |
| 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 | $6,963,979 |
Grants Awarded
Over the last fiscal year, Near West Side Partners Inc has awarded $444,400 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BUFFALO BOSS NORTH PURPOSE: MOLSON COORS BUSINESS GRANT | $75,000 |
MERRILL PARK MANOR LLC PURPOSE: BCM CONSTRUCTION GRANT | $12,000 |
NEW STATE MKE LLC PURPOSE: BID #10 FACADE GRANT, CONSTRUCTION GRANT FOR MUSIC PARK AT 26TH W STATE ST | $22,500 |
ART INTERSECTION MKE LLC PURPOSE: TAP THE FUTURE GRANT | $10,000 |
PWS COMPUTERS PURPOSE: BCM CONSTRUCTION GRANT | $18,500 |
DENIZEN MKE PURPOSE: FACADE GRANT | $26,500 |