Public Charity

MILWAUKEE WORLD FESTIVAL INC

Based in MILWAUKEE, WI, MILWAUKEE WORLD FESTIVAL INC operates as a Public Charity. The organization reported $70.0M in revenue, $75.7M in expenses, $94.1M in total assets for fiscal year 2024. Imperigo tracks 20 reported grant relationships connected to this organization totaling approximately $8.0M.

EIN: 391049688 MILWAUKEE, WI Music NTEE: A68 Latest filing: 2024
Total Revenue$70.0M
Total Expenses$75.7M
Total Assets$94.1M
Grant Records20
Funding Total$8.0M
Filing Years2019–2024

Mission

THE CORPORATION SHALL BE A CIVIC ORGANIZATION NOT ORGANIZED FOR PROFIT BUT OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING IN FURTHERANCE THEREOF, THE PRODUCTION OF AN ANNUAL FESTIVAL IN THE MILWAUKEE METROPOLITAN AREA KNOWN AS SUMMERFEST, THE PRODUCTION OF OTHER EVENTS AND ETHNIC FESTIVALS DURING AN ANNUAL FESTIVAL SEASON DURING THE MONTHS OF MAY THROUGH OCTOBER OF EACH YEAR, ALL OF THE AFOREMENTIONED ACTIVITIES BEING DIRECTED TOWARD PROMOTING AN UNDERSTANDING BY MEMBERS OF THE GENERAL PUBLIC OF DIFFERENT ETHNIC CULTURES, EDUCATING THE GENERAL PUBLIC IN THE HISTORIES AND TRADITIONS OF VARIOUS NATIONALITIES, PROVIDING A SUITABLE SHOWCASE FOR THE PERFORMING ARTS, PROVIDING ACTIVITIES AND RECREATION AVAILABLE TO THE GENERAL PUBLIC, PROMOTING RACIAL AND ETHNIC HARMONY IN THE COMMUNITY, PROMOTING CIVIC PRIDE, AND PROVIDING EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY'S YOUTH.

Where $100 goes at Milwaukee World Festival Inc

How Milwaukee World Festival Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$89 Programs the work itself
$10 Management running the organization
$1 Fundraising raising the next dollar

Inside the $89 for programs

$44
Summerfest is an annual festival in the Milwaukee metropolitan area
49% of program spending
$29
This category represents seasonal operating revenues and expenses that are not directly attributed to a specific event
33% of program spending
$16
This category represents ethnic and cultural events, music concerts and other events including walks/runs for charity
18% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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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.

Officers & Directors

DESIGNATED BY GENERAC POWER SYSTEMS, INC. Aaron Jagdfeld
CITIZEN DESIGNEE BY MILWAUKEE COUNTY EXECUTIVE Andy Nunemaker
AT-LARGE BOARD MEMBER Anne Zizzo
AT-LARGE BOARD MEMBER Chuck Harvey
SECOND VICE PRESIDENT Cory Nettles
AT-LARGE BOARD MEMBER Dana Guthrie

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$7,959,561 13 grants
Education
$30,000 1 grant
Fundraising & Sponsorship
$18,750 3 grants
Arts & Culture
$18,500 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $70.0M $75.7M $94.1M
2023 $75.4M $76.7M $110.2M
2022 $58.8M $68.1M $116.3M
2020 $5.8M $21.1M $107.5M
2019 $53.6M $51.4M $97.3M

Between 2019 and 2024, reported annual revenue grew from $53.6M to $70.0M (+31%), with total assets most recently reported at $94.1M.

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

See the full picture for MILWAUKEE WORLD FESTIVAL INC

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