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Milwaukee Youth Arts Center Foundation INC

Public charity
DBA: INC
Other · MILWAUKEE, WI · EIN 85-3869530

About

The corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code ("IRC") and for the benefit of, to perform the functions of, or to carry out the purposes of first stage milwaukee, INC. ("FSM"), so long as FSM is described in IRC section 509(a)(1) or (2), and milwaukee youth symphony orchestra, INC. ("MYSO"), so long as MYSO is described in IRC section 509(a)(1) or (2); to engage in activities relating to the aforementioned purposes; and to invest in, receive, hold, use and dispose of ALL property, real or personal, as may be necessary or desirable to carry into effect aforementioned purposes.as part of its mission to support FSM and MYSO, the foundation is acting as a leverage lender in a new market TAX credit transaction involving milwaukee youth arts center, INC. As well as fundraising and holding funds with donor restriction to be used as part of the MYAC capital campaign.

DBA INC

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
6

Financial Snapshot

FY ending 2023-06-30
Revenue
$135K
Expenses
$296K
Assets
$9.9M
Liabilities
$0

Financial history

$463K$231K$0
2223
RevenueExpenses
Latest FY2023: $135K · Peak FY2022: $252K

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$233K
MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC
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Address

325 W Walnut ST
Milwaukee, WI, 53212-386

Governance

Voting board members3
Independent members3
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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