Nonprofits›Milwaukee Economic Development Corp

Community Improvement & Capacity Building

Milwaukee Economic Development Corp

MILWAUKEE, WI

WebsiteView as a funder

Total revenue

$7.2M

Total expenses

$7.1M

Net assets

$87.9M

Grants received

$38.5M

5 grants

EIN

237129398

Tax year

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).

Programs

1 program

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. Medc provided services of grant review, payment processing.

Expenses: $172K

Financials

FY 2024

Revenue

Contributions & grants$1.8M
Program service revenue$4.6M
Investment income$834K
Other revenue—
Total revenue$7.2M

Expenses

Grants paid—
Salaries & benefits$1.8M
Fundraising—
Other expenses$5.2M
Total expenses$7.1M
Total assets$139.5M
Net assets$87.9M

People

26 listed

NameRoleCompensation

DAVID LATONA

PRESIDENT & SECRETARY

Board

$295K

40 hrs/wk

JOHN MILLER

VICE PRESIDENT & TREASURER

Board

$185K

40 hrs/wk

THOMAS O'NEILL

CHAIRMAN

Board

—

1 hrs/wk

JAMES ROEMER

VICE CHAIR

Board

—

1 hrs/wk

AMELIA MACARENO

DIRECTOR

Board

—

1 hrs/wk

ANDY MELVIN

DIRECTOR

Board

—

1 hrs/wk

CAVALIER JOHNSON

DIRECTOR

Board

—

1 hrs/wk

CRAIG SCHMUTZER

DIRECTOR

Board

—

1 hrs/wk

D PATRICK O'BRIEN

DIRECTOR

Board

—

1 hrs/wk

EDWARD HILLMUTH

DIRECTOR

Board

—

1 hrs/wk

GINA STILP

DIRECTOR

Board

—

1 hrs/wk

GREG BAUER

DIRECTOR

Board

—

1 hrs/wk

IVAN GAMBOA

DIRECTOR

Board

—

1 hrs/wk

JOHN HAZOD

DIRECTOR

Board

—

1 hrs/wk

JOHN ZANGHI

DIRECTOR

Board

—

1 hrs/wk

KELSEY BRENN

DIRECTOR

Board

—

1 hrs/wk

KERMAITH MCCLENDON

DIRECTOR

Board

—

1 hrs/wk

NATE ZASTROW

DIRECTOR

Board

—

1 hrs/wk

PAUL KLEINER

DIRECTOR

Board

—

1 hrs/wk

REBECCA MITICH

DIRECTOR

Board

—

1 hrs/wk

ROGER SANDELL

DIRECTOR

Board

—

1 hrs/wk

SARAH LUTZ

DIRECTOR

Board

—

1 hrs/wk

STEVE BARTH

DIRECTOR

Board

—

1 hrs/wk

THOMAS ZALE

DIRECTOR

Board

—

1 hrs/wk

TOM FOTSCH

DIRECTOR

Board

—

1 hrs/wk

SUSAN EICK

RELATIONSHIP MANAGER

Staff

$101K

40 hrs/wk

Independent contractors

DAVIS & KUELTHAU SC

LEGAL

$270K

BAKER TILLY ADVISORY GROUP LP

AUDIT AND TAX

$106K

Grants received

Showing 5 of 5

FromAmountPurposeYear
MILWAUKEE DEVELOPMENT CORPORATION
$20.3M
TO SUPPORT SMALL BUSINESSES RECOVERING FROM COVID-19 PANDEMIC
2022
MILWAUKEE DEVELOPMENT CORPORATION
$18.2M
TO SUPPORT SMALL BUSINESSES RECOVERING FROM COVID-19 PANDEMIC
2021
NEAR WEST SIDE PARTNERS INC
$13K
PARTIAL PAYMENT OF STOREFRONT IMPROVEMENT GRANT FOR 2202-10 CLYBOURN ST.
2021
GREATER MILWAUKEE FOUNDATION INC
$22K
HOME GR/OWN
2020
Brewers Community Foundation Inc
$5K
General support
2020

Funded by

$38.5M from 4 funders · 5 grants · 2020–2022

Milwaukee Development Corporation

$38.5M · 2 grants · 2021–2022

Greater Milwaukee Foundation Inc

$22K · 1 grant · 2020

Near West Side Partners Inc

$13K · 1 grant · 2021

Brewers Community Foundation Inc

$5K · 1 grant · 2020

Details

EIN237129398
NTEE codeS31
Subsection03
Ruling date1974-07
Formed1971
Employees15
Volunteers23
MILWAUKEE ECONOMIC DEVELOPMENT CORP — Mission, Financials & Grants Received | Grantivo