Overview
What is African American Leadership Alliance - Milwaukee Inc?
African American Leadership Alliance - Milwaukee Inc, based in Milwaukee, Wisconsin, is a nonprofit organization with a mission to transform the city into a thriving global hub for African Americans. With a small team of two dedicated individuals, they strive to achieve this goal through the guidance of black leaders. Their primary aim is to foster an environment where African Americans can prosper and excel, thereby contributing to the overall growth and diversity of Milwaukee.
Official website here: www.aalamilwaukee.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%, Zero-Star out of Four Star rating.
The African American Leadership Alliance - Milwaukee Inc has received a low rating primarily due to concerns surrounding accountability and financial management. While the organization scores well on certain governance aspects, such as having a fully independent board and proper documentation of board meeting minutes, significant issues in financial metrics have contributed to its overall score. The organization has a very low program expense ratio of 19.76%, indicating that a substantial portion of its funds may not be directed toward programmatic activities.
Additionally, while the charity has demonstrated compliance in areas like conflict of interest policies and financial audit oversight, it lacks critical policies such as a whistleblower and document retention policy. The low liabilities to assets ratio of 11.12% further raises concerns regarding financial stability and operational efficiency. This combination of financial ratios and missing governance policies has led to the charity's zero-star rating on Charity Navigator.
Overall, the African American Leadership Alliance - Milwaukee Inc shows potential in governance, but significant improvements are needed in financial management and transparency to enhance its effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is African American Leadership Alliance - Milwaukee Inc legitimate?
African American Leadership Alliance - Milwaukee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. African American Leadership Alliance - Milwaukee 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: $126,201
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,772
For more financial information, click here
Official website here: www.aalamilwaukee.org
What is the mission statement of African American Leadership Alliance - Milwaukee Inc?
The African American Leadership Alliance (AALA) in Milwaukee aims to transform its mission into making Milwaukee a globally recognized city where African Americans can flourish and succeed. By leveraging the influence of black leaders, AALA strives to create an environment that fosters prosperity for the African American community. This mission is pursued through various initiatives and collaborations, ultimately leading to a more inclusive and thriving society for African Americans.
Official website here: www.aalamilwaukee.org
Who is the CEO of African American Leadership Alliance - Milwaukee Inc?
Walter Lanier is the Board President of African American Leadership Alliance - Milwaukee Inc. The CEO's salary of African American Leadership Alliance - Milwaukee Inc is $126,201 and their total compensation is $126,201.
Official website here: www.aalamilwaukee.org
What is the revenue of African American Leadership Alliance - Milwaukee Inc?
African American Leadership Alliance - Milwaukee Inc's revenue in 2022 was $537,758.
Official website here: www.aalamilwaukee.org
Who are the executives of African American Leadership Alliance - Milwaukee Inc and what are their salaries?
The average compensation at African American Leadership Alliance - Milwaukee Inc during 2022 was $110,986. There are 2 employees and 5 volunteers at African American Leadership Alliance - Milwaukee Inc.
Here are 6 key members and their salaries (African American Leadership Alliance - Milwaukee Inc's CEO's salary is $126,201 and their total compensation is $126,201):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $126,201
- Related: $0
- Other: $0
Official website here: www.aalamilwaukee.org
Where can I find the form 990 for African American Leadership Alliance - Milwaukee Inc?
African American Leadership Alliance - Milwaukee Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aalamilwaukee.org
Learn more at the official website: www.aalamilwaukee.org
Mission Statement of African American Leadership Alliance - Milwaukee Inc
The African American Leadership Alliance - Milwaukee Inc, with a mission driven by black leaders, aims to transform Milwaukee into a globally recognized destination where African Americans can flourish and prosper. This nonprofit organization is committed to fostering an environment where African Americans can not only survive but thrive, ultimately contributing to the city's overall growth and development. By leveraging the power of black leadership, the African American Leadership Alliance - Milwaukee Inc strives to create a society that celebrates and uplifts the African American community, fostering a sense of pride and accomplishment.
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Impact
July, 2024
The African American Leadership Alliance - Milwaukee Inc's impact is focused on leveraging black leadership to transform Milwaukee into a thriving and prosperous global destination for African Americans. Through the efforts of AALAM, the organization is working towards creating a more empowered and successful community for African Americans in Milwaukee. They aim to uplift and support black leaders in various fields to drive positive change and sustainable growth within the city.
This information is meant to be a general summary of African American Leadership Alliance - Milwaukee 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.
- Program Service Revenue: $93,500
- Gross Receipts: $537,758
Assets and Liabilities:
- Total Assets: $577,615
- Total Liabilities: $64,244
- Net Assets: $513,371
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$93,500
Organization Details
Founding Year
2018
Phone
(414) 460-4311Principal Officer
Walter Lanier
Main Address
275 W WISCONSIN AVENUE 220, MILWAUKEE, WI, 53203
Website
www.aalamilwaukee.orgNTEE Category
Code: A23 - Arts
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