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Nonprofit · EIN 39-1809548

MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · MILWAUKEE, WI 53212

Financials

$966K$1.1M2023$1.2M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,217,028$1,166,185$50,843$13,166,375$2,920,785$10,245,590
December 31, 2023990$965,733$1,061,685-$95,952$13,155,955$2,961,208$10,194,747
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$73,193
Program service revenue
$826,052
Investment income
$35,329
Net rental income
$315,094
Net income from fundraising events
-$48,407
Other revenue
$282,454

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$89,000
Other salaries and wages
$113,017
Salaries, compensation and benefits (total)
$214,115
Professional fundraising fees
$0
Legal fees
$2,338
Accounting fees
$21,600
Occupancy
$156,076
Depreciation
$272,490
Program services (functional)
$1,045,441
Management and general (functional)
$120,744

Balance sheet and other

Total assets, start of year
$13,155,955
Total assets, end of year
$13,166,375
Total liabilities, end of year
$2,920,785
Net assets, end of year
$10,245,590
Land, buildings and equipment
$5,954,054
Net assets without donor restrictions
$10,245,590
Gross receipts
$1,265,435
Employees
3
Volunteers
1
Year formed
1993
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 / weekCompensation
NICOLE ROBBINSEXECUTIVE DIRECTOR
Officer
20$89,000
BEN JOHNSONPRESIDENT
Trustee or director, Officer
1$0
JIM MILNERDIRECTOR
Trustee or director
1$0
LAMARR FRANKLINDIRECTOR
Trustee or director
1$0
MARCELLIUS BROWNDIRECTOR
Trustee or director
1$0
GENYNE EDWARDSSECRETARY
Trustee or director, Officer
1$0
KEN LITTLETREASURER
Trustee or director, Officer
1$0
ROBERT ISABELLDIRECTOR
Trustee or director
1$0
MCARTHUR WEDDLEVICE PRESIDENT
Trustee or director, Officer
1$0
CLARENCE HILLDIRECTOR
Trustee or director
1$0
KEVIN NEWELLDIRECTOR
Trustee or director
1$0
CLIFTON PHELPSDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
NICOLE ROBBINSEXECUTIVE DIRECTOR
Officer
20$80,000
BEN JOHNSONPRESIDENT
Trustee or director, Officer
1$0
JIM MILNERDIRECTOR
Trustee or director
1$0
LAMARR FRANKLINDIRECTOR
Trustee or director
1$0
MARCELLIUS BROWNDIRECTOR
Trustee or director
1$0
GENYNE EDWARDSSECRETARY
Trustee or director, Officer
1$0
KEN LITTLETREASURER
Trustee or director, Officer
1$0
ROBERT ISABELLDIRECTOR
Trustee or director
1$0
MCARTHUR WEDDLEVICE PRESIDENT
Trustee or director, Officer
1$0
CLARENCE HILLDIRECTOR
Trustee or director
1$0
KEVIN NEWELLDIRECTOR
Trustee or director
1$0
CLIFTON PHELPSDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2745 N MARTIN LUTHER KING DR, MILWAUKEE, WI 53212-2380
Principal officer (990 for 2024)
NICOLE ROBBINS, 2745 N MARTIN LUTHER KING DRIVE, MILWAUKEE, WI 53212
Signed the 990
NICOLE ROBBINS, EXECUTIVE DIRECTOR
Phone
(414) 264-5000
Return prepared by
CARTER & COMPANY CPAS LLC

Mission

TO REBUILD THE HARAMBEE COMMUNITY

990 for the year ended December 31, 2024

Program accomplishments

  • INTEGRATED NEIGHBORHOOD REVITALIZATION STRATEGY AND PROJECT DEVELOPMENT. THIS PROGRAM PROVIDED VALUABLE INFORMATION AND RESOURCES FOR PROSPECTIVE FIRST-TIME HOMEOWNERS. PARTICIPANTS WERE ENGAGED IN BUDGETING AND OTHER FINANCIAL-RELATED ACTIVITIES TO ENSURE THE MATERIAL WAS COMPREHENDED. THE PROGRAM RECEIVED POSITIVE FEEDBACK FROM THE PARTICIPANTS.
    Expenses $1,045,441 · revenue $1,156,913

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
39-1809548
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,166,375
Income (IRS master file)
$1,265,435

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,217,028$1,166,185$13,166,375IRS
990December 2023$965,733$1,061,685$13,155,955XML
990December 2022$1,169,611$1,117,124$13,094,688IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 39-1809548).

Questions about MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION is 39-1809548.
Is MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION 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 MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION 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 MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION 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 MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names NICOLE ROBBINS.
Who are the officers and directors of MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $89,000 (NICOLE ROBBINS, EXECUTIVE DIRECTOR).
How much revenue does MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,217,028, expenses of $1,166,185 and total assets of $13,166,375 at year end.

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