MILWAUKEE WORLD FESTIVAL INC

EIN: 391049688 501(c)(3) Arts, Culture & Humanities

MILWAUKEE, WI

Total Revenue
$69,991,931
Total Expenses
$75,671,919
Total Assets
$94,078,881
Net Assets
$19,815,863
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
WI
Principal Officer
SARAH PANCHERI
Phone
4142732680
Tax Period
2024-01-01 to 2024-12-31

MILWAUKEE WORLD FESTIVAL INC, founded in 1965, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $70.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

THE MISSION OF MILWAUKEE WORLD FESTIVAL, INC. IS TO PROMOTE AN UNDERSTANDING OF DIFFERENT ETHNIC CULTURES, THE HISTORIES AND TRADITIONS OF VARIOUS NATIONALITIES, HARMONY IN THE COMMUNITY, CIVIC PRIDE AND PROVIDE A SHOWCASE FOR THE PERFORMING ARTS, ACTIVITIES AND RECREATION FOR THE PUBLIC AND EMPLOYMENT OPPORTUNITES FOR THE YOUTH OF THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $13,737,346
Program Service Revenue $52,184,136
Investment Income $749,336
Other Revenue $3,321,113
TOTAL REVENUE $69,991,931

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,104,227
Fundraising Expenses $946,530
Program Expenses $68,119,380
Other Expenses $63,567,692
TOTAL EXPENSES $75,671,919

Year-over-Year Comparison

2024 2023 Change
Revenue $69,991,931 $75,418,252 -0.1%
Expenses $75,671,919 $76,687,189 0.0%
Net Income $-5,679,988 $-1,268,937 +3.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
2441
Volunteers
26

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
8
$886,739
Total Directors
24
$0
Key Employees
5
$1,164,495
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY ELLEN STANEK CHAIRMAN OF THE BOARD 0.40
Officer Director
$0 $0 $0
TED KELLNER FIRST VICE PRESIDENT 0.40
Officer Director
$0 $0 $0
CORY NETTLES SECOND VICE PRESIDENT 0.40
Officer Director
$0 $0 $0
JOANNE ANTON AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
JOANNE BISCHMANN AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
GABRIELLE FINLEY-HAZLE AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
DANA GUTHRIE AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
CHUCK HARVEY AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
DAN MINAHAN AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
JACK SALZWEDEL AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
TIM SHEEHY AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
MIKE WHITE AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
PEGGY WILLIAMS-SMITH AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
ANNE ZIZZO AT-LARGE BOARD MEMBER 0.40
Director
$0 $0 $0
MOLLY MODLINSKI UNITED ETHNIC FESTIVALS REP. 0.40
Director
$0 $0 $0
ERIC RADUE UNITED ETHNIC FESTIVALS REP. 0.40
Director
$0 $0 $0
LUKE OLSON UNITED ETHNIC FESTIVALS REP. 0.40
Director
$0 $0 $0
JOAN PRINCE CITIZEN DESIGNEE BY MAYOR OF MILWAUKEE 0.40
Director
$0 $0 $0
ANDY NUNEMAKER CITIZEN DESIGNEE BY MILWAUKEE COUNTY EXECUTIVE 0.40
Director
$0 $0 $0
MICHAEL MAISTELMAN CITIZEN DESIGNEE BY MILWAUKEE COMMON COUNCIL (THRU 0.40
Director
$0 $0 $0
JEFF MUSA CITIZEN DESIGNEE BY MILWAUKEE COMMON COUNCIL 0.40
Director
$0 $0 $0
JIM WRIGHT DESIGNATED BY MOLSON COORS BEVERAGE COMPANY 0.40
Director
$0 $0 $0
AARON JAGDFELD DESIGNATED BY GENERAC POWER SYSTEMS, INC. 0.40
Director
$0 $0 $0
JUD SNYDER DESIGNATED BY BMO HARRIS BANK, NA 0.40
Director
$0 $0 $0
SARAH PANCHERI PRESIDENT & CEO (NON VOTING) 45.00
Officer
$428,000 $34,058 $462,058
DON SMILEY IMMEDIATE PAST PRESIDENT/CEO (NV) 35.00
Officer
$379,583 $45,098 $424,681
PAUL SWEENEY TREASURER - NON VOTING 0.40
Officer
$0 $0 $0
GREG WESLEY SECRETARY - NON VOTING 0.40
Officer
$0 $0 $0
HOWARD SOSOFF CHAIRMAN OF THE BOARD EMERITUS - NON VOTING 0.40
Officer
$0 $0 $0
ZACH HASENSTEIN VICE PRESIDENT/CFO 45.00
Key Emp
$228,915 $39,211 $268,126
GAYE LITTELL VP/EXECUTIVE PRODUCER 45.00
Key Emp
$198,471 $22,705 $221,176
JASON STUEWE VP PLANNING/DEVELOPMENT 45.00
Key Emp
$202,818 $30,219 $233,037
SCOTT ZIEL VP OF ENTERTAINMENT 45.00
Key Emp
$183,900 $40,940 $224,840
KEVIN CANADY VP SALES & BUSINESS DEVELOPMENT 45.00
Key Emp
$204,665 $12,651 $217,316
SHAWN WATKINS INFRASTRUCTURE ENGINEER MANAGER 45.00
Highest
$142,637 $25,473 $168,110
LENA DELEAT SALES DIRECTOR-SPONSORSHIPS/EVENT DIRECTOR-SF TECH 45.00
Highest
$148,615 $18,309 $166,924
DERRICK HARRIS DIRECTOR OF SECURITY 45.00
Highest
$142,064 $9,468 $151,532
NICK VOLZ SOFTWARE ENGINEERING MANAGER 45.00
Highest
$126,652 $23,988 $150,640
JERROD WOODS SENIOR DIRECTOR OF MARKETING 45.00
Highest
$122,325 $22,536 $144,861
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 $69,991,931 $75,671,919 $94,078,881 $-5,679,988
2024 No data No data No data No data
2023 $75,418,252 $76,687,189 $110,150,946 $-1,268,937
2022 $58,785,504 $68,081,233 $116,347,276 $-9,295,729
2021 $65,443,708 $65,555,725 $106,491,444 $-112,017
2020 $5,773,948 $21,115,166 $107,459,917 $-15,341,218
2019 $53,608,239 $51,423,092 $97,325,120 $2,185,147
2018 $60,430,044 $50,141,485 $93,001,816 $10,288,559
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