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Nonprofit · EIN 39-1416063

CREAM CITY FOUNDATION INC

Tax-exempt · MILWAUKEE, WI 53212

Financials

$218K$167K2023$825K$243K2024
Revenue Expenses · by fiscal year end
Financials of CREAM CITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$825,146$243,158$581,988$2,337,798$2,381$2,335,417
December 31, 2023990$218,360$166,864$51,496$347,744$2$347,742
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$737,922
Program service revenue
$0
Investment income
$47,933
Net gain from sales of assets
$32,099
Net income from fundraising events
$39,291
Other revenue
$39,291

Expenses

Grants and similar amounts paid
$179,529
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$179,529
Management and general (functional)
$54,614
Fundraising (functional)
$9,015

Balance sheet and other

Total assets, start of year
$347,744
Total assets, end of year
$2,337,798
Total liabilities, end of year
$2,381
Net assets, end of year
$2,335,417
Publicly traded securities
$2,237,131
Net assets without donor restrictions
$2,257,333
Net assets with donor restrictions
$78,084
Gross receipts
$1,723,409
Employees
0
Volunteers
0
Year formed
1982
State of legal domicile
WI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
GREGORY WESLEYASSISTANT SECRETARY (START 8/24)
Officer
1$0$223,168$0
YELENA CHESTERASSISTANT TREASURER (START 8/24)
Officer
1$0$130,942$39,382
ANGIE HARDENDIRECTOR
Trustee or director
1$0$0$0
CHRISTOPHER TSUKICHITREASURER
Trustee or director, Officer
1$0$0$0
JAMIE SCHOUNARDDIRECTOR
Trustee or director
1$0$0$0
CHARLIE NASHPRESIDENT
Trustee or director, Officer
1$0$0$0
PETER BURGELISDIRECTOR
Trustee or director
1$0$0$0
LAURA MAYERLEVICE CHAIR
Trustee or director, Officer
1$0$0$0
NICK JOHNSONSECRETARY
Trustee or director, Officer
1$0$0$0
MARWILL SANTIAGODIRECTOR
Trustee or director
1$0$0$0
EMMETT ROEHRDIRECTOR
Trustee or director
1$0$0$0
JOSEPH BROOKSDIRECTOR
Trustee or director
1$0$0$0
ROBIN MALLON-TODDDIRECTOR ( START 1/24)
Trustee or director
1$0$0$0
CAMRIN LAFONDDIRECTOR ( START 1/24)
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
Angie HardenDirector
Trustee or director
1$0
Christopher TsukichiTreasurer
Trustee or director, Officer
1$0
Jamie SchounardDirector
Trustee or director
1$0
Charlie NashPresident
Trustee or director, Officer
1$0
Peter BurgelisDirector
Trustee or director
1$0
Laura MayerleVice Chair
Trustee or director, Officer
1$0
Cory HighshawDirector
Trustee or director
1$0
Nick JohnsonSecretary
Trustee or director, Officer
1$0
Marwill SantiagoDirector
Trustee or director
1$0
Emmett RoehrDirector
Trustee or director
1$0
Joseph BrooksDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2153 N DR MARTIN LUTHER KING JR DR, MILWAUKEE, WI 53212-3101
Principal officer (990 for 2024)
YELENA CHESTER, 2153 N DR MARTIN LUTHER KING JR DR, MILWAUKEE, WI 53212
Signed the 990
YELENA CHESTER, ASSISTANT TREASURER
Phone
(414) 272-5805
Return prepared by
KPMG LLP

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • SEE SCHEDULE OAS SET FORTH IN THE CREAM CITY'S ARTICLES OF INCORPORATION, "THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR ITS SUCCESSOR (THE "CODE"). SPECIFICALLY, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF THE GREATER MILWAUKEE FOUNDATION, INC., A WISCONSIN NON-STOCK CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 509(A) AND 501(C)(3) OF THE CODE, 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 THE AFOREMENTIONED PURPOSES. GREATER MILWAUKEE FOUNDATION'S MISSION IS TO PROMOTE THE BETTERMENT OF THE GREATER MILWAUKEE COMMUNITY AND THE ENHANCEMENT OF QUALITY OF LIFE FOR ALL ITS CITIZENS. CREAM CITY FOUNDATION WILL FOCUS ON SERVING LGBT COMMUNITIES IN THE REGION.
    Expenses $179,529 · grants $179,529

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
39-1416063
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,337,798
Income (IRS master file)
$1,723,409

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$825,146$243,158$2,337,798IRS
990December 2023$218,360$166,864$347,744XML
990December 2022$134,680$148,967$261,217IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1416063).

Questions about CREAM CITY FOUNDATION INC

What is the EIN of CREAM CITY FOUNDATION INC?
The employer identification number (EIN) of CREAM CITY FOUNDATION INC is 39-1416063.
Is CREAM CITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to CREAM CITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does CREAM CITY FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CREAM CITY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CREAM CITY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CREAM CITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names YELENA CHESTER.
Who are the officers and directors of CREAM CITY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does CREAM CITY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $825,146, expenses of $243,158 and total assets of $2,337,798 at year end.

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