Overview
What is Milwaukee Downtown Inc?
Milwaukee Downtown Inc is a nonprofit organization situated in Milwaukee, Wisconsin. Their primary focus is on organizing the Holiday Lights Festival, which has become a significant attraction in the Midwest, drawing visitors with its captivating displays and family-friendly events. The organization plays a leading role in procuring and installing decorations, coordinating various events, and marketing these activities within the six-week festival period. This event includes 70+ local schools decorating trees, park decorations, a kick-off extravaganza, Santa's mailbox, guided tours, and numerous other activities designed to celebrate the holiday season. Beyond the festival, Milwaukee Downtown Inc inspires and encourages local residents to contribute to the development of Downtown Milwaukee as a thriving, sustainable, innovative, and lively hub of the community.
Official website here: www.milwaukeedowntown.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Milwaukee Downtown Inc has achieved a remarkable Four-Star rating from Charity Navigator, with an overall score that highlights its strong performance in Accountability & Finance. This high score indicates that the organization is effectively managing its resources and adheres to best practices in financial transparency and governance.
One of the key strengths of Milwaukee Downtown Inc is its commitment to having a fully independent board, with all members (100%) being independent. This governance structure, along with robust financial oversight mechanisms such as an Audit and Oversight Committee, contributes to its solid financial health, as evidenced by its program expense ratio of 96.18%, signifying a high level of spending directed towards its programs.
There are no significant limitations noted in the feedback, as the organization demonstrates due diligence in areas like conflict of interest policies and document retention. Its low liabilities to assets ratio further underscores its financial stability, making Milwaukee Downtown Inc a reliable nonprofit in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Milwaukee Downtown Inc legitimate?
Milwaukee Downtown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milwaukee Downtown 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: $0
Professional Fundraising Fees: $10,000
Other Salaries and Wages: $254,259
For more financial information, click here
Official website here: www.milwaukeedowntown.com
What is the mission statement of Milwaukee Downtown Inc?
Milwaukee Downtown Inc's mission is to inspire and lead individuals to engage in efforts that transform their community, making downtown a thriving, sustainable, innovative, and vibrant heart of the city. The organization plays a significant role in organizing the annual Holiday Lights Festival, which has helped establish the downtown area as a premier Midwestern destination. Milwaukee Downtown Inc coordinates decor procurement, event production, and marketing during the six-week festival, featuring various family-friendly events, local school involvement, and seasonal activities. The festival includes attractions such as a jingle bus tour, Santa's mailbox, and numerous community events, all aimed at fostering a sense of unity and festive spirit within the community.
Official website here: www.milwaukeedowntown.com
Who is the CEO of Milwaukee Downtown Inc?
Elizabeth Weirick is the President (Chair) of Milwaukee Downtown Inc.
Official website here: www.milwaukeedowntown.com
What is the revenue of Milwaukee Downtown Inc?
Milwaukee Downtown Inc's revenue in 2022 was $3,612,284.
Official website here: www.milwaukeedowntown.com
Who are the executives of Milwaukee Downtown Inc and what are their salaries?
There 50 volunteers at Milwaukee Downtown Inc.
Here are 7 key members and their salaries:
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- Other: $0
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- Related: $250,280
- Other: $38,566
- Compensation: $128,636
- Related: $0
- Other: $26,939
Official website here: www.milwaukeedowntown.com
Where can I find the form 990 for Milwaukee Downtown Inc?
Milwaukee Downtown Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.milwaukeedowntown.com
Learn more at the official website: www.milwaukeedowntown.com
Mission Statement of Milwaukee Downtown Inc
Milwaukee Downtown Inc, a notable organization, is dedicated to inspiring and leading individuals who share a belief in Milwaukee's potential. Their mission revolves around fostering efforts that transform Downtown Milwaukee into a vital, sustainable, innovative, and vibrant core of the community. This nonprofit plays a significant role in several annual events, such as the Holiday Lights Festival, which has contributed to positioning Downtown Milwaukee as a prominent Midwestern destination.
During the six-week Holiday Lights Festival, Milwaukee Downtown Inc assumes a leading role in procuring and installing decorations, organizing events, and marketing attractions within the city boundaries. The festival encompasses various activities, including community spirit-building initiatives, such as the Tree Decoration project, where over 70 local schools participate in creating personalized ornaments. Furthermore, Milwaukee Downtown Inc organizes events like the Kick-off Extravaganza, which features dance acts, singers, and fireworks, among other festivities. Additionally, the organization offers guided tours, photo opportunities, and a podcast, all aimed at showcasing the festival's decorated parks.
Thus, Milwaukee Downtown Inc's mission revolves around inspiring and leading community members towards revitalizing Downtown Milwaukee, making it a thriving, sustainable, innovative, and lively hub. Their primary focus is the annual Holiday Lights Festival, which has become a significant attraction that highlights the city's spirit and charm. Through these efforts, Milwaukee Downtown Inc effectively engages individuals in community building, contributing to the overall development and enrichment of the city.
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Impact
July, 2024
Milwaukee Downtown Inc leads and inspires believers in Milwaukee to engage in efforts that build downtown as the thriving, sustainable, innovative, and vibrant heart of the community. Through initiatives like the Holiday Lights Festival and street decorating, Milwaukee Downtown Inc has helped establish downtown Milwaukee as a premier Midwestern destination. The festival, which includes a range of family-friendly events and activities, showcases the community spirit and engages local schools, businesses, and residents in creating a festive and welcoming environment.
The impact of Milwaukee Downtown Inc can be seen in the increased foot traffic, economic activity, and sense of community pride that the Holiday Lights Festival brings to downtown Milwaukee. By organizing and promoting events that draw people to the area, Milwaukee Downtown Inc helps stimulate the local economy, support businesses, and enhance the overall quality of life in the community. Their efforts contribute to making downtown Milwaukee a dynamic, engaging, and attractive destination for residents and visitors alike.
This information is meant to be a general summary of Milwaukee Downtown 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 2022.
- Investment Income: $22,039
- Program Service Revenue: $42,211
- Gross Receipts: $3,622,333
Assets and Liabilities:
- Total Assets: $3,198,182
- Total Liabilities: $719,049
- Net Assets: $2,479,133
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOLIDAY LIGHTS FESTIVA
Revenue
$31,261
DOWNTOWN DINING WEEK
Revenue
$7,800
EMPLOYEE APPRECIATION
Revenue
$1,875
TASTE & TOAST
Revenue
$1,275
Organization Details
Founding Year
2000
Phone
(414) 220-4700Principal Officer
Elizabeth Weirick
Main Address
301 W WISCONSIN AVE 106, MILWAUKEE, WI, 53203
Website
www.milwaukeedowntown.comNTEE Category
Code: S30 - Community improvement
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