Milwaukee Bucks Foundation Inc
- Assets
- $733.3k
- Revenue
- $863.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 05/2015
- Data as of
- 06/2022
- EIN
- 47-3620094
Organization Overview
Milwaukee Bucks Foundation Inc is located in Milwaukee, WI. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Bucks 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 06/2022, Milwaukee Bucks Foundation Inc generated $863.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $713.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Milwaukee Bucks Foundation Inc has awarded 36 individual grants totaling $1,308,293. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE QUALITY OF LIFE FOR YOUTH AND FAMILIES IN WISCONSIN FOCUSING ON YOUTH EDUCATION, HEALTH, WELLNESS AND COMMUNITY BETTERMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILWAUKEE BUCKS FOUNDATION IS DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR YOUTH AND FAMILIES IN WISCONSIN FOCUSING ON YOUTH EDUCATION, HEALTH, WELLNESS AND COMMUNITY BETTERMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Dinan Board Chair | OfficerTrustee | 0.15 | $0 |
Wesley Edens Secretary | OfficerTrustee | 0.15 | $0 |
Marc Lasry Treasurer | OfficerTrustee | 0.15 | $0 |
Arvind Gopalratnam Executive Director | Officer | 2.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,893 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $316,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $393,714 |
| Total Program Service Revenue | $0 |
| Investment income | $399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,085 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,773 |
| Net Income from Fundraising Events | $104,080 |
| Net Income from Gaming Activities | $276,297 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $863,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $703,871 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $581 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $54 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $698 |
| All other expenses | $0 |
| Total functional expenses | $713,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530,774 |
| Savings and temporary cash investments | $199,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,800 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $733,262 |
| Accounts payable and accrued expenses | $14,000 |
| Grants payable | $378,000 |
| 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 | $392,000 |
| Net assets without donor restrictions | $337,262 |
| Net assets with donor restrictions | $4,000 |
| 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 | $733,262 |
Grants Awarded
Over the last fiscal year, Milwaukee Bucks Foundation Inc has awarded $674,703 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
NBA FOUNDATION PURPOSE: TO SUPPORT THE GENERAL ACTIVITIES AND GOALS OF THE CHARITY | $250,000 |
RUNNING REBELS PURPOSE: TO SUPPORT THE GENERAL ACTIVITIES AND GOALS OF THE CHARITY | $41,203 |
MENTOR GREATOR MILWAUKEE PURPOSE: TO SUPPORT THE GENERAL ACTIVITIES AND GOALS OF THE CHARITY | $37,500 |
SAFE & SOUND INC PURPOSE: TO SUPPORT THE GENERAL ACTIVITIES AND GOALS OF THE CHARITY | $25,000 |
BOYS & GIRLS CLUB OF DANE COUNTTY PURPOSE: TO SUPPORT THE GENERAL ACTIVITIES AND GOALS OF THE CHARITY | $25,000 |
BLACK SPACE INC PURPOSE: TO SUPPORT THE GENERAL ACTIVITIES AND GOALS OF THE CHARITY | $25,000 |