Overview
What is Greater Milwaukee Committee For Community Development?
The Greater Milwaukee Committee for Community Development is a private-sector civic organization, established in the late 1940s, situated in Milwaukee, Wisconsin. Its primary mission is to contribute to the cultural and economic development of the Milwaukee area. Throughout its 70+ years of existence, the organization has played a significant role in major projects that have had lasting benefits for the metropolitan area's economic and cultural vitality. This has included initiatives in arts, downtown redevelopment, transportation, healthcare, and sports facilities, among others. Lately, they have focused on neighborhood revitalization and improving the equality of educational institutions in the community. The organization operates with a limited membership of 200, mainly comprised of business, professional, labor, and educational leaders. Members actively participate in various committees responsible for each project, with the support of a small staff. The Greater Milwaukee Committee for Community Development aims to enhance the region's talent base by creating a well-educated workforce with innovative skills for the present and future.
Official website here: www.gmconline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Greater Milwaukee Committee For Community Development has received a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a perfect score in governance aspects such as board independence and financial oversight, the organization demonstrates a commitment to transparency and ethical management. Their program expense ratio of 91.88% reflects a focus on programmatic spending, ensuring that the majority of funds are directed towards their mission.
While the organization excels in many areas, the fundraising efficiency ratio indicates room for improvement, as it currently stands at $0.00. This may suggest challenges in generating funds relative to their fundraising expenses. Additionally, the liabilities to assets ratio of 52.86% raises some concerns regarding their financial leverage and overall financial stability.
Overall, the Greater Milwaukee Committee For Community Development appears to be a robust nonprofit with strong governance policies and a commitment to its mission, though it may benefit from enhancing its fundraising strategies to improve its financial efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Milwaukee Committee For Community Development legitimate?
Greater Milwaukee Committee For Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Milwaukee Committee For Community Development submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $339,990
Professional Fundraising Fees: $0
Other Salaries and Wages: $355,589
For more financial information, click here
Official website here: www.gmconline.org
What is the mission statement of Greater Milwaukee Committee For Community Development?
The Greater Milwaukee Committee For Community Development is a private sector civic organization that strives to enhance the cultural and economic foundation of its unspecified region. Established in the late 1940s, the organization has been instrumental in spearheading major projects that offer long-term benefits to the economic and cultural vitality of the metropolitan area. It has been notably active in areas such as arts, downtown development, transportation, health, and major building projects for professional sports and various purposes. Recently, the committee has initiated projects aimed at neighborhood revitalization and improving the equality of educational institutions within the community. The organization is primarily driven by its active members, who serve on various committees responsible for each project, with a small team providing support. The membership of the Greater Milwaukee Committee is limited and supported by corporate contributions.
Official website here: www.gmconline.org
Who is the CEO of Greater Milwaukee Committee For Community Development?
Joel Brennan is the Chair of Greater Milwaukee Committee For Community Development.
Official website here: www.gmconline.org
What is the revenue of Greater Milwaukee Committee For Community Development?
Greater Milwaukee Committee For Community Development's revenue in 2022 was $2,456,390.
Official website here: www.gmconline.org
Who are the executives of Greater Milwaukee Committee For Community Development and what are their salaries?
The average compensation at Greater Milwaukee Committee For Community Development during 2022 was $43,474. There are 16 employees and 100 volunteers at Greater Milwaukee Committee For Community Development.
Here are 26 key members and their salaries:
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- Compensation: $27,663
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Official website here: www.gmconline.org
Where can I find the form 990 for Greater Milwaukee Committee For Community Development?
Greater Milwaukee Committee For Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gmconline.org
Learn more at the official website: www.gmconline.org
Mission Statement of Greater Milwaukee Committee For Community Development
The Greater Milwaukee Committee for Community Development, established in the late 1940s, is a private sector civic organization dedicated to enhancing the cultural and economic foundation of the Milwaukee area. Comprising leaders from various sectors such as business, professions, labor, and education, this organization has a limited membership of 200, supported by corporate contributions. Over the past 70+ years, the Greater Milwaukee Committee has been instrumental in spearheading significant projects that contribute to the long-term benefit of the metropolitan area's economic and cultural vitality. Its areas of focus include the arts, downtown redevelopment, transportation, health, and major building projects for professional sports and other purposes.
More recently, the Greater Milwaukee Committee has expanded its scope to neighborhood revitalization and improving the educational institutions in the community. This civic organization operates by having its active members serve on various committees responsible for each project, with a small staff providing support. The Greater Milwaukee Committee's mission is to contribute to the growth and development of the Milwaukee area, leveraging the expertise and resources of its influential members to drive initiatives that positively impact the community's cultural and economic landscape.
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Impact
July, 2024
The Greater Milwaukee Committee For Community Development has played a significant role in shaping the cultural and economic landscape of the Milwaukee area. Established in the late 1940s, this private sector civic organization has been instrumental in spearheading major projects that have had a lasting impact on the region's vitality.
The committee has been actively involved in various initiatives, ranging from downtown redevelopment, transportation, and health projects to major building undertakings for professional sports teams. In recent years, the Greater Milwaukee Committee has expanded its focus to include neighborhood revitalization and improving the quality of educational institutions in the community.
With a membership composed of leaders in business, the professions, labor, and education, the Greater Milwaukee Committee brings together diverse expertise to tackle pressing community issues. By actively engaging its members in project committees, the organization ensures that top leaders collaborate to drive positive change in the metropolitan area.
Overall, the Greater Milwaukee Committee For Community Development's impact can be seen in its long-term contributions to enhancing the economic and cultural fabric of Milwaukee, making it a driving force for community improvement in the region.
This information is meant to be a general summary of Greater Milwaukee Committee For Community Development. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,195
- Program Service Revenue: $71,140
- Gross Receipts: $2,456,390
Assets and Liabilities:
- Total Assets: $2,845,531
- Total Liabilities: $1,504,431
- Net Assets: $1,341,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER MEETING RECEIPT
Revenue
$71,140
Organization Details
Founding Year
1948
Phone
(414) 272-0588Principal Officer
Joel Brennan
Main Address
247 FRESHWATER WAY 400, MILWAUKEE, WI, 53204
Website
www.gmconline.orgNTEE Category
Code: S31 - Community improvement
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