Nonprofit · EIN 39-1853515
BUSINESS COUNCIL
Tax-exempt · MILWAUKEE, WI 53203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $256,993 | $2,067,262 | -$1,810,269 | $33,197 | $0 | $33,197 |
| December 31, 2023 | 990 | $3,330,923 | $1,752,131 | $1,578,792 | $1,843,466 | $0 | $1,843,466 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $207,573
- of which government grants
- $2,500
- Membership dues
- $13,767
- Program service revenue
- $49,420
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $154,562
- Other salaries and wages
- $106,092
- Salaries, compensation and benefits (total)
- $330,749
- Professional fundraising fees
- $0
- Accounting fees
- $3,825
- Travel
- $6,810
- Program services (functional)
- $1,898,925
- Management and general (functional)
- $92,555
- Fundraising (functional)
- $75,782
Balance sheet and other
- Total assets, start of year
- $1,843,466
- Total assets, end of year
- $33,197
- Total liabilities, end of year
- $0
- Net assets, end of year
- $33,197
- Net assets without donor restrictions
- $33,197
- Gross receipts
- $256,993
- Employees
- 5
- Volunteers
- 5
- Year formed
- 1997
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARJORIE RUCKER | DIRECTOR Trustee or director, Officer | 40 | $147,995 | $26,775 | $6,567 |
| UGO NWAGBARAOCHA | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DARREN FISHER | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SEAPHES MILLER | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MINOO SEIFODDMI | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MARJORIE RUCKER | DIRECTOR Trustee or director, Officer | 40 | $142,169 | $17,417 |
| UGO NWAGBARAOCHA | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DARREN FISHER | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| SEAPHES MILLER | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| MINOO SEIFODDMI | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 W WISCONSIN AVE STE 220, MILWAUKEE, WI 53203-2220
- In care of
- % DEVON R TURNER
- Principal officer (990 for 2024)
- MARJORIE RUCKER
- Signed the 990
- MARJORIE RUCKER, DIRECTOR
- Phone
- (414) 287-4172
- Website
- WWW.MMAC.ORG
- Return prepared by
- BUSINESS ACCOUNTING & TAX PROFESSIONALS
Mission
PROVIDE SUPPORT AND RESOURCES TO SMALL BUSINESSES
Program accomplishments
- PROVIDED SUPPORT & RESOURCES TO THE ETHNICALLY DIVERSE BUSINESS COMMUNITY THROUGH EDUCATION AND TRAINING, CONSOLIDATED RESOURCES AND PROMOTING INCREASE INTERATION WITH BUSINESSES.Expenses $1,898,925
- TO PROVIDE TECHNICAL ASSISTANCE AND RESOURCES TO EXISTING ETHNIC AND DIVERSE BUSINESSES THAT ARE LOOKING TO GROW THEIR BUSINESS THROUGH ENGAGEMENT WITH SUPPLY CHAINS OR SUPPLIERS DIVERSITY INITIATIVES.
- TO PROVIDE TECHNICAL ASSISTANCE TO OTHER CHAMBERS OF COMMERCE, FINANCIAL ASSISTANCE PROVIDERS AND ETHNIC AND DIVERSE BUSINESSES THROUGHT THE STATE OF WISCONSIN.
- TO PROVIDE TECHNICAL ASSISTANCE TO OTHER CHAMBERS OF COMMERCE, FINANCIAL ASSISTANCE PROVIDERS AND ETHNIC AND DIVERSE BUSINESSES THROUGHT THE STATE OF WISCONSIN.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1853515
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70)
- Assets (IRS master file)
- $33,197
- Income (IRS master file)
- $256,993
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $256,993 | $2,067,262 | $33,197 | XML |
| 990 | December 2023 | $3,330,923 | $1,752,131 | $1,843,466 | XML |
| 990 | December 2022 | $786,185 | $575,940 | $264,674 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 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 39-1853515).
Questions about BUSINESS COUNCIL
- What is the EIN of BUSINESS COUNCIL?
- The employer identification number (EIN) of BUSINESS COUNCIL is 39-1853515.
- Is BUSINESS COUNCIL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to BUSINESS COUNCIL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSINESS COUNCIL 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 BUSINESS COUNCIL 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 BUSINESS COUNCIL 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 BUSINESS COUNCIL?
- The 990 for the year ended December 31, 2024 names MARJORIE RUCKER.
- Who are the officers and directors of BUSINESS COUNCIL?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $147,995 (MARJORIE RUCKER, DIRECTOR).
- How much revenue does BUSINESS COUNCIL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $256,993, expenses of $2,067,262 and total assets of $33,197 at year end.
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