Nonprofit · EIN 86-2052985
MILWAUKEE VENTURE PARTNERS INC
Tax-exempt · WAUWATOSA, WI 53226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $60,706 | $39,263 | $21,443 | $135,574 | $0 | $135,574 |
| December 31, 2024 | 990 | $58,676 | $31,496 | $27,180 | $114,131 | $0 | $114,131 |
| December 31, 2023 | 990 | $71,537 | $32,985 | $38,552 | $86,951 | $0 | $86,951 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $56,800
- Membership dues
- $56,800
- Program service revenue
- $0
- Investment income
- $3,906
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,972
- Accounting fees
- $4,089
- Occupancy
- $2,917
- Travel
- $624
- Program services (functional)
- $1,066
- Management and general (functional)
- $38,197
Balance sheet and other
- Total assets, start of year
- $114,131
- Total assets, end of year
- $135,574
- Total liabilities, end of year
- $0
- Net assets, end of year
- $135,574
- Gross receipts
- $60,706
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN W PLUNKETT | PRESIDENT Trustee or director | 12 | $0 |
| PETER SKANAVIS | VICE PRESIDENT Trustee or director | 6 | $0 |
| JAMES MATHES | TREASURER Trustee or director | 2 | $0 |
| MATTHEW FRIEDEL | VICE PRESIDENT Trustee or director | 6 | $0 |
| GUY MASCARI | SECRETARY Trustee or director | 4 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN W PLUNKETT | PRESIDENT Trustee or director | 12 | $0 |
| PETER SKANAVIS | VICE PRESIDENT Trustee or director | 6 | $0 |
| JAMES MATHES | TREASURER Trustee or director | 2 | $0 |
| MATTHEW FRIEDEL | VICE PRESIDENT Trustee or director | 6 | $0 |
| GUY MASCARI | SECRETARY Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN W PLUNKETT | PRESIDENT Trustee or director | 12 | $0 |
| PETER SKANAVIS | VICE PRESIDENT Trustee or director | 6 | $0 |
| JAMES MATHES | TREASURER Trustee or director | 2 | $0 |
| MATTHEW FRIEDEL | VICE PRESIDENT Trustee or director | 6 | $0 |
| GUY MASCARI | SECRETARY Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 10437 W INNOVATION DR STE 100, WAUWATOSA, WI 53226-4801
- Principal officer (990 for 2025)
- KAREN PLUNKETT, 10437 INNOVATION DRIVE SUITE 100, WAUWATOSA, WI 53226
- Signed the 990
- KAREN PLUNKETT, PRESIDENT
- Phone
- (414) 403-4878
- Website
- WWW.MILWAUKEEVP.COM
- Return prepared by
- SCHUMACHER SAMA LLP
Mission
TO PROVIDE INVESTMENT CAPITAL, STRATEGIC ADVICE AND MENTORING TO EARLY-STAGE COMPANIES TO HELP THEM ACHIEVE MARKET LEADERSHIP. INFORM AND EDUCATE BUSINESS, GOVERNMENT AND ACEDEMIC LEADERS OF THE IMPORTANCE AND AVAILABILITY OF ADEQUATE ANGEL AND INVESTMENT CAPITAL NECESSARY TO FUND EARLY-STAGE AND OTHER VENTURES AND TO PROVIDE SUPPORT AND RESOURCES TO ENTREPRENEURS. PROVIDE MEMBERS WITH INVESTMENT OPPORTUNITIES WHICH WILL RESULT IN AN ADEQUATE FINANCIAL RETURN ON THEIR TIME COMMITMENT AND INVESTED CAPITAL.
Program accomplishments
- PROVIDED INVESTMENT CAPITAL, STRATEGIC ADVICE AND MENTORING TO EARLY-STAGE COMPANIES TO HELP THEM ACHIEVE MARKET LEADERSHIP.Expenses $1,066
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 | 990 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
- 86-2052985
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $135,574
- Income (IRS master file)
- $60,706
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $60,706 | $39,263 | $135,574 | XML |
| 990 | December 2024 | $58,676 | $31,496 | $114,131 | IRS |
| 990 | December 2023 | $71,537 | $32,985 | $86,951 | XML |
| 990 | December 2022 | $49,500 | $25,919 | $48,399 | IRS |
| 990 | December 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 86-2052985).
Questions about MILWAUKEE VENTURE PARTNERS INC
- What is the EIN of MILWAUKEE VENTURE PARTNERS INC?
- The employer identification number (EIN) of MILWAUKEE VENTURE PARTNERS INC is 86-2052985.
- Is MILWAUKEE VENTURE PARTNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2022.
- Are donations to MILWAUKEE VENTURE PARTNERS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MILWAUKEE VENTURE PARTNERS 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 VENTURE PARTNERS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MILWAUKEE VENTURE PARTNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MILWAUKEE VENTURE PARTNERS INC?
- The 990 for the year ended December 31, 2025 names KAREN PLUNKETT.
- Who are the officers and directors of MILWAUKEE VENTURE PARTNERS INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does MILWAUKEE VENTURE PARTNERS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $60,706, expenses of $39,263 and total assets of $135,574 at year end.
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