Overview
What is Milwaukee World Festival Inc?
Milwaukee World Festival Inc, doing business as Summerfest, is a Milwaukee-based nonprofit organization with a mission to promote cultural understanding, harmony, and education in the community. The organization's primary event, Summerfest, is the largest music festival in the world, attracting over 445,000 attendees in 2022. Their activities extend beyond the annual festival, with the production of other ethnic festivals during the festival season from May to October. This civic organization, which employs 1,790 people, aims to educate the public about various nationalities and their histories and traditions. By providing a showcase for performing arts, activities, and recreation, Milwaukee World Festival Inc fosters racial and ethnic harmony while promoting civic pride. Additionally, it offers employment opportunities for the community's youth.
Official website here: www.milwaukeeworldfestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Milwaukee World Festival Inc has achieved an 81% rating from Charity Navigator, which signifies a solid commitment to accountability and finance. The score is derived entirely from their efficiency in these areas, indicating a well-structured financial oversight system. The organization boasts a fully independent board and has established comprehensive policies for conflict of interest and whistleblower protections.
User feedback highlights the positive impact of the festival's events, particularly noting the "terrific ethnic festivals" held on Milwaukee's lakefront. This suggests a strong community engagement and cultural celebration, which are essential aspects of the nonprofit’s mission.
Despite the positive ratings and user reviews, the data provided does not highlight specific program outcomes or broader community impact measures. This could indicate a gap in transparency regarding the operational effectiveness beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Milwaukee World Festival Inc legitimate?
Milwaukee World Festival Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milwaukee World Festival Inc 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: $2,830,630
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,842,868
For more financial information, click here
Official website here: www.milwaukeeworldfestival.com
What is the mission statement of Milwaukee World Festival Inc?
Milwaukee World Festival Inc is a non-profit organization dedicated to promoting cultural understanding and harmony in the community. Through the production of annual festivals, including the well-known Summerfest, and other ethnic events during the festival season, the corporation aims to educate the public about various nationalities and their traditions. The organization offers a platform for performing arts, activities, and recreation, open to the general public, fostering racial and ethnic unity. Additionally, Milwaukee World Festival Inc provides employment opportunities for the community's youth, contributing to civic pride and promoting a welcoming environment for diverse cultures.
Official website here: www.milwaukeeworldfestival.com
Who is the CEO of Milwaukee World Festival Inc?
Don Smiley is the CEO of Milwaukee World Festival Inc The CEO's salary of Milwaukee World Festival Inc is $882,887 and their total compensation is $961,573.
Official website here: www.milwaukeeworldfestival.com
What is the revenue of Milwaukee World Festival Inc?
Milwaukee World Festival Inc's revenue in 2023 was $75,418,252.
Official website here: www.milwaukeeworldfestival.com
Who are the executives of Milwaukee World Festival Inc and what are their salaries?
The average compensation at Milwaukee World Festival Inc during 2023 was $5,329. There are 2003 employees and 24 volunteers at Milwaukee World Festival Inc.
Here are 41 key members and their salaries (Milwaukee World Festival Inc's CEO's salary is $882,887 and their total compensation is $961,573):
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- Compensation: $882,887
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Official website here: www.milwaukeeworldfestival.com
Where can I find the form 990 for Milwaukee World Festival Inc?
Milwaukee World Festival Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.milwaukeeworldfestival.com
Learn more at the official website: www.milwaukeeworldfestival.com
Mission Statement of Milwaukee World Festival Inc
Milwaukee World Festival Inc, a charitable and educational organization, strives to foster an appreciation for various ethnic cultures and their histories and traditions in the community. The corporation, which operates without profit, dedicates itself to producing annual festivals throughout the year, primarily during the months of May through October. The flagship event, Summerfest, showcases performing arts, activities, and recreation for the public, while other ethnic festivals offer additional cultural experiences.
By organizing these events, Milwaukee World Festival Inc aims to promote a deeper understanding of diverse ethnicities among the general public. Educational elements are woven into the festivals, teaching attendees about the histories and traditions of different nationalities. The organization also seeks to provide a platform for a variety of performing arts, offering a suitable showcase for artists and entertainers. In addition to these events, Milwaukee World Festival Inc offers recreational activities and opportunities for community engagement.
Beyond the festivals, the organization plays a significant role in promoting racial and ethnic harmony in the community. It encourages civic pride and fosters a sense of unity among residents. Furthermore, Milwaukee World Festival Inc offers employment opportunities for the community's youth, empowering the next generation through work experience and skill development.
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Impact
October, 2024
Milwaukee World Festival Inc significantly impacts the community by fostering cultural understanding and civic pride through its diverse array of events, most notably the annual Summerfest, the world's largest music festival. This vibrant festival not only attracts hundreds of thousands of attendees—445,611 in 2022—but also serves as a vital platform for showcasing performing arts and activities that highlight various ethnic cultures and traditions.
The organization promotes racial and ethnic harmony by creating an inclusive environment where people can engage with and learn from one another's cultural heritages. It plays a crucial role in educating the public about the histories and customs of different nationalities, thereby enriching the cultural fabric of the Milwaukee metropolitan area.
Moreover, Milwaukee World Festival Inc provides meaningful employment opportunities for the community's youth, helping to cultivate a new generation of leaders and participants in the arts and event production. By creating a dynamic atmosphere for recreation and artistic expression, it not only enhances the quality of life for residents but also contributes to the local economy through tourism and related activities during its festival season from May through October. Overall, the impact of Milwaukee World Festival Inc resonates through enhanced community engagement, education, and a celebration of cultural diversity.
This information is meant to be a general summary of Milwaukee World Festival Inc. 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 2023.
- Investment Income: $558,528
- Program Service Revenue: $59,524,189
- Gross Receipts: $76,184,974
Assets and Liabilities:
- Total Assets: $116,347,276
- Total Liabilities: $89,377,553
- Net Assets: $26,969,723
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FESTIVALS & OTHER EVENTS
Revenue
$57,370,437
PARKING REVENUE
Revenue
$1,524,689
GIFT AND SOUVENIOR SALES
Revenue
$576,047
CONSULTING & SIGNS SERVICES
Revenue
$15,000
Organization Details
Founding Year
1965
Principal Officer
Sarah Pancheri
NTEE Category
Code: A680 - Arts
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