Nonprofit · EIN 85-3869530
MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC
Tax-exempt · MILWAUKEE, WI 53212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $170,539 | $219,759 | -$49,220 | $9,739,179 | $0 | $9,739,179 |
| June 30, 2024 | 990 | $204,687 | $327,921 | -$123,234 | $9,791,077 | $0 | $9,791,077 |
| June 30, 2023 | 990 | $135,060 | $295,618 | -$160,558 | $9,914,311 | $0 | $9,914,311 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $170,539
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $179,930
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $8,979
- Program services (functional)
- $184,419
- Management and general (functional)
- $31,719
- Fundraising (functional)
- $3,621
Balance sheet and other
- Total assets, start of year
- $9,791,077
- Total assets, end of year
- $9,739,179
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,739,179
- Land, buildings and equipment
- $184,807
- Publicly traded securities
- $2,379,108
- Net assets without donor restrictions
- $8,522,837
- Net assets with donor restrictions
- $1,216,342
- Gross receipts
- $170,539
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2020
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHAD TESSMER | EXECUTIVE DIRECTOR Officer | 10 | $0 | $122,416 |
| JACK NELSON | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 |
| SUE CLAUSING | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| LAUREN VOLLRATH | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| QINGQIU LI | TREASURER Officer | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHAD TESSMER | EXECUTIVE DIRECTOR Officer | 10 | $0 | $122,416 |
| JACK NELSON | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 |
| KAREN GUY | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| MARK GOLDSTEIN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| QINGQIU LI | TREASURER Officer | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHAD TESSMER | EXECUTIVE DIRECTOR Officer | 10 | $0 | $54,983 |
| JACK NELSON | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 |
| KAREN GUY | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| MARK GOLDSTEIN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| WILLIAM MORTIMORE | PRESIDENT Officer | 1 | $0 | $0 |
| JOEL NETTESHEIM | TREASURER Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 325 W WALNUT ST, MILWAUKEE, WI 53212-3868
- Principal officer (990 for 2024)
- JACK NELSON, 325 W WALNUT STREET, MILWAUKEE, WI 53212
- Signed the 990
- QINGQIU LI, TREASURER
- Phone
- (414) 267-2902
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF FIRST STAGE MILWAUKEE, INC. ("FSM"), SO LONG AS FSM IS DESCRIBED IN IRC SECTION 509(A)(1) OR (2), AND MILWAUKEE YOUTH SYMPHONY ORCHESTRA, INC. ("MYSO"), SO LONG AS MYSO IS DESCRIBED IN IRC SECTION 509(A)(1) OR (2); TO ENGAGE IN ACTIVITIES RELATING TO THE AFOREMENTIONED PURPOSES; 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 AFOREMENTIONED PURPOSES.AS PART OF ITS MISSION TO SUPPORT FSM AND MYSO, THE FOUNDATION IS ACTING AS A LEVERAGE LENDER IN A NEW MARKET TAX CREDIT TRANSACTION INVOLVING MILWAUKEE YOUTH ARTS CENTER, INC. AS WELL AS FUNDRAISING AND HOLDING FUNDS WITH DONOR RESTRICTION TO BE USED AS PART OF THE MYAC CAPITAL CAMPAIGN.
Program accomplishments
- OUR PRINCIPAL PROGRAM IS TO PROVIDE CHARITABLE AND EDUCATIONAL SUPPORT TO FIRST STAGE AND MILWAUKEE YOUTH SYMPHONY ORCHESTRA THROUGH THE MILWAUKEE YOUTH ARTS CENTER VIA THE TERMS OF A CONTRIBUTION AGREEMENT BETWEEN THE PARTIES.Expenses $184,419 · grants $179,930
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-3869530
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A12)
- Assets (IRS master file)
- $9,739,179
- Income (IRS master file)
- $170,539
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $170,539 | $219,759 | $9,739,179 | XML |
| 990 | June 2024 | $204,687 | $327,921 | $9,791,077 | IRS |
| 990 | June 2023 | $135,060 | $295,618 | $9,914,311 | XML |
| 990 | June 2022 | $252,358 | $462,638 | $10,157,496 | IRS |
| 990 | June 2021 | – | – | – | 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 85-3869530).
Questions about MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC
- What is the EIN of MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC?
- The employer identification number (EIN) of MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC is 85-3869530.
- Is MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does MILWAUKEE YOUTH ARTS CENTER 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 YOUTH ARTS CENTER FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names JACK NELSON.
- Who are the officers and directors of MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does MILWAUKEE YOUTH ARTS CENTER FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $170,539, expenses of $219,759 and total assets of $9,739,179 at year end.
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