Nonprofit · EIN 47-2334925
MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC
Tax-exempt · MILWAUKEE, WI 53233
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $162,963 | $235,359 | -$72,396 | $104,335,725 | $65,727 | $104,269,998 |
| December 31, 2023 | 990 | $14,384,854 | $952,274 | $13,432,580 | $91,949,827 | $155,550 | $91,794,277 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $137,475
- Program service revenue
- $0
- Investment income
- $25,488
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $154,554
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $151,859
- Management and general (functional)
- $83,500
Balance sheet and other
- Total assets, start of year
- $91,949,827
- Total assets, end of year
- $104,335,725
- Total liabilities, end of year
- $65,727
- Net assets, end of year
- $104,269,998
- Publicly traded securities
- $103,373,267
- Net assets without donor restrictions
- $101,800,644
- Net assets with donor restrictions
- $2,469,354
- Gross receipts
- $162,963
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2014
- 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 |
|---|---|---|---|---|---|
| ELSMO LEIF SVERRE | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $323,056 | $53,025 |
| FASSETT BRIDGET THRU 121824 | CFO/TREASURER Officer | 1 | $0 | $236,247 | $41,382 |
| NEELY DAN | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BETTERS BRUCE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CAIN MORRIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VOIGTMAN TIM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Zywicki Teri | President/CEO Trustee or director, Officer | 1 | $0 | $454,355 | $53,763 |
| Fassett Bridget | Treasurer Officer | 1 | $0 | $232,473 | $41,183 |
| Betters Bruce | Director Trustee or director | 1 | $0 | $0 | $0 |
| Cain Morris | Director Trustee or director | 1 | $0 | $0 | $0 |
| Linnen John | Director Trustee or director | 1 | $0 | $0 | $0 |
| Neely Dan | Director Trustee or director | 1 | $0 | $0 | $0 |
| Voigtman Tim | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2020 W WELLS ST, MILWAUKEE, WI 53233-2720
- In care of
- % CENTERS FOR INDEPENDENCE INC
- Mailing address (990-N for 2015)
- 2020 West Wells Street, Milwaukee WI 53233
- Principal officer (990 for 2024)
- LESLIE HAYES-BAILEY, 2020 W WELLS ST, MILWAUKEE, WI 53233
- Principal officer (990-N for 2015)
- Robert Wedel, 2020 West Wells Street, Milwaukee WI 53233
- Signed the 990
- LESLIE HAYES-BAILEY, CONTROLLER
- Phone
- (414) 937-2020
- Website
- www.mcfi.net
- Return prepared by
- SIKICH LLC
Mission
THE MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION, INC. (FOUNDATION) CONTRIBUTES TO ITS AFFILIATED ORGANIZATIONS THROUGH FUNDRAISING FOR OPERATIONS AND CAPITAL NEEDS.
Program accomplishments
- THE FOUNDATION IS RESPONSIBLE TO HELP GROW AND SUSTAIN ITS AFFILIATED ORGANIZATIONS FINANCIALLY, AND TO COMMUNICATE THE AGENCY'S MISSION THROUGH SUPPORTIVE RELATIONSHIPS WITH DONORS, FOUNDATIONS, AND CORPORATIONS, AND ORGANIZING AND MOTIVATING GROUPS OF EXECUTIVES, COMMUNITY INFLUENCERS, AND OTHER STAKEHOLDERS TO HELP ACHIEVE AGENCY GOALS.Expenses $151,859 · grants $154,554
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
- 47-2334925
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $104,335,725
- Income (IRS master file)
- $162,963
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $162,963 | $235,359 | $104,335,725 | XML |
| 990 | December 2023 | $14,384,854 | $952,274 | $91,949,827 | XML |
| 990 | December 2022 | $14,973,567 | $339,233 | $64,553,303 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2015 Officer: Robert Wedel | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-2334925).
Questions about MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC
- What is the EIN of MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC?
- The employer identification number (EIN) of MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC is 47-2334925.
- Is MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MILWAUKEE CENTER FOR INDEPENDENCE 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 MILWAUKEE CENTER FOR INDEPENDENCE 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 MILWAUKEE CENTER FOR INDEPENDENCE 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 MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names LESLIE HAYES-BAILEY.
- Who are the officers and directors of MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does MILWAUKEE CENTER FOR INDEPENDENCE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $162,963, expenses of $235,359 and total assets of $104,335,725 at year end.
Other nonprofits in MILWAUKEE
- GREATER MILWAUKEE FOUNDATION INC EIN 39-6036407 · last filed 990 for 2024
- BRADLEY IMPACT FUND INC EIN 45-4678325 · last filed 990 for 2024
- ALFRED AND ISABEL BADER 2014 CHARITABLE TRUST EIN 47-1295073 · last filed 990-PF for 2025
- ISABEL BADER 2021 CHARITABLE TR EIN 88-6725502 · last filed 990-PF for 2024
- LYNDE AND HARRY BRADLEY FOUNDATION INC EIN 39-6037928 · last filed 990-PF for 2024
- U S BANCORP FOUNDATION EIN 41-1359579 · last filed 990-PF for 2024
- UNITED WAY OF GREATER MILWAUKEE & WAUKESHA COUNTY INC EIN 39-0806190 · last filed 990 for 2025
- RDK FOUNDATION EIN 39-1524311 · last filed 990-PF for 2025
All nonprofits in MILWAUKEE · Wisconsin · Philanthropy, voluntarism and grantmaking foundations