Greater Milwaukee Committee for Community Development

EIN: 390749512 501(c)(3)

Milwaukee, WI

Total Revenue
$3,022,721
Total Expenses
$3,549,386
Total Assets
$1,823,500
Net Assets
$934,435
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
WI
Principal Officer
Joel Brennan
Phone
4142720588
Tax Period
2023-01-01 to 2023-12-31

Greater Milwaukee Committee for Community Development, founded in 1948, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

The Greater Milwaukee Committee is a private sector civic organization that aims to contribute to the cultural and economic base of the Milwaukee area. Continued on Schedule O.

Program Service Accomplishments

Program 1
Expenses: $775,000

Operational Review In 2023, GMC spearheaded efforts to identify opportunities to save money and improve effeciency in the delivery of services by the City of Milwaukee. With the city facing...

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Operational Review In 2023, GMC spearheaded efforts to identify opportunities to save money and improve effeciency in the delivery of services by the City of Milwaukee. With the city facing potentially catastrophic service reductions, the GMC engaged an outside consultant to identify options for savings, consolidation of service and other ways to introduce greater efficiency in city government. These efforts were part of a collaborative effort by the civic and public sectors to increase the level of state funding for local government and to enable the local units of government to generate additional local revenue. The efforts were successful and staved off - at least for the time being - dramatic cuts in public safety and other city services.

Program 2
Expenses: $722,815 Revenue: $352,905

Innovation and Talent GMC employs innovative talent development strategies in real-time with educational and corporate partners, linking to regional career options and fostering the creation of an...

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Innovation and Talent GMC employs innovative talent development strategies in real-time with educational and corporate partners, linking to regional career options and fostering the creation of an entrepreneurial learning environment with students, coporate partners, and startups.

Program 3
Expenses: $507,441 Revenue: $127,848

Economic Prosperity GMC is committed to comprehensive innovative solutions that drive inclusive and equitable economic development in Milwaukees businesses, commercial corridors, and neighborhoods...

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Economic Prosperity GMC is committed to comprehensive innovative solutions that drive inclusive and equitable economic development in Milwaukees businesses, commercial corridors, and neighborhoods. GMC initiatives in the area have been designed to spark systemic change by focusing on macro issues with broad and deep components, changing the culture and conversation within the region.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,432,896
Program Service Revenue $550,413
Investment Income $61,231
Other Revenue $-21,819
TOTAL REVENUE $3,022,721

Expense Breakdown

Grants Paid $90,000
Salaries & Benefits $1,579,360
Fundraising Expenses $77,919
Program Expenses $2,497,434
Other Expenses $1,880,026
TOTAL EXPENSES $3,549,386

Year-over-Year Comparison

2023 2022 Change
Revenue $3,022,721 $2,456,390 +0.2%
Expenses $3,549,386 $2,712,635 +0.3%
Net Income $-526,665 $-256,245 +1.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
25
Independent Members
24
Employees
14
Volunteers
100

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$396,075
Total Directors
25
$396,075
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joel Brennan President 040.00
Officer Director
$349,630 $46,445 $396,075
Joel Poeschl Employee 040.00
Highest
$122,818 $22,433 $145,251
Margaret Dauss Employee 040.00
Highest
$101,919 $30,489 $132,408
Laura Bolger Employee 040.00
Highest
$107,640 $13,885 $121,525
Heather Pechacek Employee 040.00
Highest
$107,000 $6,293 $113,293
Margaret Kelsey Chair 001.00
Officer Director
$0 $0 $0
Cristy Garcia-Thomas Secretary 001.00
Officer Director
$0 $0 $0
James Popp Treasurer 001.00
Officer Director
$0 $0 $0
David Anderson Board Member 001.00
Director
$0 $0 $0
JoAnne Anton Board Member 001.00
Director
$0 $0 $0
Daniel Bader Board Member 001.00
Director
$0 $0 $0
Elizabeth Brenner Board Member 001.00
Director
$0 $0 $0
Tina Chang Board Member 001.00
Director
$0 $0 $0
John Daniels Jr Board Member 001.00
Director
$0 $0 $0
Ellen Gilligan Board Member 001.00
Director
$0 $0 $0
Cecelia Gore Board Member 001.00
Director
$0 $0 $0
Ted Kellner Board Member 001.00
Director
$0 $0 $0
Mike Lovell Board Member 001.00
Director
$0 $0 $0
David Lubar Board Member 001.00
Director
$0 $0 $0
Gregory Marcus Board Member 001.00
Director
$0 $0 $0
Linda Mellowes Board Member 001.00
Director
$0 $0 $0
Wayne Morgan Board Member 001.00
Director
$0 $0 $0
George Oliver Board Member 001.00
Director
$0 $0 $0
Jonas Prising Board Member 001.00
Director
$0 $0 $0
Mark Sabljak Board Member 001.00
Director
$0 $0 $0
John Schlifske Board Member 001.00
Director
$0 $0 $0
Nancy Sennett Board Member 001.00
Director
$0 $0 $0
Mary Ellen Stanek Board Member 001.00
Director
$0 $0 $0
Gregory Wesley Board Member 001.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,022,721 $3,549,386 $1,823,500 $-526,665
2022 $2,456,390 $2,712,635 $2,845,531 $-256,245
2021 $2,737,172 $2,455,857 $2,508,704 $281,315
2020 $2,754,472 $2,473,209 $1,814,049 $281,263
2019 $2,970,292 $2,456,025 $2,680,415 $514,267
2018 $2,667,255 $2,520,736 $869,214 $146,519
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