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EIN 93-0828687

Milwaukee Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
7
City
Milwaukee
State
Wisconsin
Year formed
2003
Most recent tax filings
2022-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
-investigate, implement, participate in and promote such activities as shall, in the judgment of mdc, tend to support the general community interest in a strong, vital, aesthetically exciting and economically viable greater Milwaukee community.-develo...
Total revenues
$23,219,043
2022
Total expenses
$27,315,181
2022
Total assets
$4,444,230
2022
Num. employees
7
2022

Program areas at Milwaukee Development Corporation

Promoted economic Development through catalytic real estate developments and regional business retention, expansion and attraction working in partnership with both public and private like-minded organizations.

Grants made by Milwaukee Development Corporation

GranteeGrant descriptionAmount
Milwaukee Economic Development CorporationTo Support Small Businesses Recovering From Covid-19 Pandemic$18,162,515

Who funds Milwaukee Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Endowment FoundationGeneral Operating Support$25,000

Personnel at Milwaukee Development Corporation

NameTitleCompensation
David E. LatonaPresident
Krista BackhausAccounting and Loan Operations Manager / Finance Officer
Ashley McManusRelationship Manager
Lisa K. BakaCompliance , Finance and Operations Leader / Administration and Compliance
Patrick O'BrienPresident
...and 5 more key personnel

Financials for Milwaukee Development Corporation

RevenuesFYE 06/2022
Total grants, contributions, etc.$22,750,669
Program services$206,343
Investment income and dividends$114,413
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$134,956
Net gain from sale of non-inventory assets$-95
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$12,757
Total revenues$23,219,043

Form 990s for Milwaukee Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2021-062022-01-27990View PDF
2020-062021-04-13990View PDF
2019-062020-11-13990View PDF
2018-062019-05-14990View PDF
2017-062017-12-21990View PDF
...and 7 more Form 990s
Data update history
June 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 9, 2023
Updated personnel
Identified 5 new personnel
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $25,000 from American Endowment Foundation
March 29, 2023
Used new vendors
Identified 2 new vendors, including , and
August 2, 2022
Received grants
Identified 1 new grant, including a grant for $50,000 from Harley-Davidson Foundation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Provides grantsPartially liquidatedState / local levelReceives government fundingManagement and technical assistanceTax deductible donations
General information
Address
275 W Wisconsin Ave 220
Milwaukee, WI 53203
Metro area
Milwaukee-Waukesha, WI
Website URL
medconline.com/ 
Phone
(414) 287-4126
IRS details
EIN
93-0828687
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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