Public Charity

MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION

MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION is a nonprofit organization categorized as Public Charity based in MILWAUKEE, WI. Its most recent IRS filing (2024) reports revenue of $7.2M, expenses of $7.1M, total assets of $139.5M. Imperigo tracks 6 reported grant relationships connected to this organization totaling approximately $38.7M.

EIN: 237129398 MILWAUKEE, WI Urban & Community Economic Development NTEE: S31 Latest filing: 2024
Total Revenue$7.2M
Total Expenses$7.1M
Total Assets$139.5M
Grant Records6
Funding Total$38.7M
Filing Years2019–2024

Mission

MEDC PROVIDES GAP FINANCING TO BUSINESSES IN ORDER TO CREATE EMPLOYMENT OPPORTUNITIES AND INCREASE LOCAL INCOMES THROUGH THE RETENTION, EXPANSION AND DEVELOPMENT OF MANUFACTURING, SERVICE AND OTHER COMMERCIAL ESTABLISHMENTS LOCATED IN MILWAUKEE, WAUKESHA, WASHINGTON, WALWORTH, RACINE, KENOSHA AND OZAUKEE COUNTIES (COLLECTIVELY M7 REGION).

Where $100 goes at Milwaukee Economic Development Corporation

How Milwaukee Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$91 Programs the work itself
$9 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $91 for programs

$89
Lending
97% of program spending
$2
Medc provided grant review services to the Milwaukee development corporation for a program it was running for the wedc, the wi tomorrow main street bounceback grant
3% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2022
TO SUPPORT SMALL BUSINESSES RECOVERING FROM COVID-19 PANDEMIC
$20,322,500
2021
TO SUPPORT SMALL BUSINESSES RECOVERING FROM COVID-19 PANDEMIC
$18,162,515
2021
PARTIAL PAYMENT OF STOREFRONT IMPROVEMENT GRANT FOR 2202-10 CLYBOURN ST.
$12,500
$22,000
2020
General support
$5,000

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

DIRECTOR Amelia Macareno
DIRECTOR Andy Melvin
DIRECTOR Cavalier Johnson
DIRECTOR Craig Schmutzer
PRESIDENT & SECRETARY David Latona
DIRECTOR D Patrick O'brien

Officer compensation and complete director data available with membership.

Top Grant Purposes

Health & Medicine
$38,485,015 2 grants
General Support
$17,500 2 grants
Unspecified
$222,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $7.2M $7.1M $139.5M
2023 $5.0M $5.2M $133.0M
2022 $4.0M $3.9M $134.2M
2020 $4.7M $3.5M $156.9M
2019 $4.8M $4.4M $156.6M

Between 2019 and 2024, reported annual revenue grew from $4.8M to $7.2M (+52%), with total assets most recently reported at $139.5M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION

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