iI. ^; . Return of Organization Exempt From Income Tax OMB No 1545-0047 Form 990 Under section 501 (c), 527, or 4947( a)(1) of the Internal Revenue Code ( except black lung 2005 benefit trust or private foundation) Department of the Treasury Open to Publ ic I return to satisfy state Internal Revenue Service ► The organization may have to use a copy of this reporting requirements. Inspection A For the 2005 calendar year , or tax year beginning and ending B Check if Please C Name of organization 0 Employer identification number applicable use IRS Address label or change print or reater Milwaukee Foundation, Inc. 39-6036407 type street (or P.O. box not delivered [::Iumee See Number and it mail is to street address) Room/suite E Telephone number DIn't'r'return Speufic 1020 North Broadway 112 414-272-5805 Final Instruc- return tons City or town, state or country, and ZIP + 4 F Accounting method Cash Accrual arAmended i lwaukee , WI 53202 E] (speci fy) OAphaton • Section 501 (c)(3) organizations and 4947 (a )( 1) nonexempt charitable trusts Hand Tare not applicable to section 527 organizations. must attach a completed Schedule A (Form 990 or 990 EZ). H(a) Is this a group return for affiliates? 0 Yes ® No G org H(b) 11 'Yes,' enter number N/A J Organization type (cheek oniyone X 501(c) ( 3 ) 4 (insert no) L_j 4947(a)(1) or L_j 527 H(c) Are all affiliates included? N/A L_J Yes L_J No Is ; attach a list) receipts are normally not more K Check here ► If the organization's gross than $25,000. The H(d) s this,a separate return filed by an or- organization need not file a return with the IRS; but if the organization chooses to file a return, be ganization covered by a group ruling? [::]Yes ® No sure to file a complete return. Some states require a complete return . I Group Exemption Number - N/A M Check ► if the organization is not required to attach Sch. B (Form L Gross receipts: Add lines 6b, 8b, 9b, and lob to line 12 ► 195,489,128. 990, 990-EZ, or 990-PF). Part 1.1 Revenue. Expenses . and Chancies in Net Assets or Fund Balances 1 Contributions, gifts, grants, and similar amounts received: a Direct public support la 24,587,427. b Indirect public support lb c Government contributions (grants) .. tc d Total (add lines la through 1c) (cash $ 19,584,723. noncash$ 5, 002,704. ) id 24,587,427. 2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 3 Membership dues and assessments - 3 4 Interest on savings and temporary cash investments 4 229,890. 5 Dividends and interest from securities 5 7, 351,001. 6a 6 a Gross rents - ^ r b Less: rental expenses 6b c Net rental income or (loss) (subtract line 6b from line 6a) 6c 7 Other investment income (describe ► 7 8 a Gross amount from sales of assets other ( A) Securities ( B) Other than inventory 163,088,643. Ba cc b Less: cost or other basis and sales expenses 140,280,329. 8b c Gain or (loss) (attach schedule) 22,808,314. 8c d Net gain or loss combine line Bc, columns (A) and (B)) Stmt 1 - . - 8d 22,808,314. 0201ts and ctivities (attach schedule). If any amount is from gaming, check here C l^ ► ncluding $ 3 0 2 , 7 0 0 . of contributions reported on Clm 9a 48,681. cn U L b 11-ef's: dpi D Axp other than fundraising expenses 9b 122,647. O c Net income or S) from special events (subtract line 9b from line 9a) S ee Statement 2 9c <73 , 966. r s s e T raven ry, less returns and allowances 10a O ate f.gands• old 10b c Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 10b from line 10a) - 10c 11 Other revenue (from Part VII, line 103) - - 11 183 , 486 . 12 Total revenue add Imes 1 d, 2, 3, 4, 5, 6c, 7, 8d, 9c, 1Oc, and 11 ) 12 55 , 086 ,15 2 . 13 Program services (from line 44, column (B)) 13 22 , 018 , 940 . d 1A Amcnf and gco ncial from Wia 44, wiullul i, 14 2 , 219 , 454 C 15 Fundraising (from line 44, column (D)) 15 1 , 184 , 416 16 Payments to affiliates (attach schedule) 16 17 Total exp enses (add lines 16 and 44, column (A)) 17 25 , 422 , 810 w 18 Excess or (deficit) for the year (subtract line 17 from line 12) 18 29 , 6 63 , 342 19 Net assets or fund balances at beginning of year (from line 73, column (A)) 19 3 49 , 3 7 2 ,129 . 41 in ZQ 20 Other changes in net assets or fund balances (attach explanation) See Statement 3 20 <2 , 015 , 447.: 21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) 21 377 , 020 , 024 . 02-03-o6 LHA For Privacy Act and Paperwork Reduction Act Notice , see the separate instructions. Form 990(2005) 1 IS Form 990 (2005) Greater Milwaukee Foundation, Inc. 39-6036407 Page2 Part II Statement of All organizations must complete column (A). Columns (B), (C), and ( 0) are required for section 501(c)(3) Functional Expenses and (4 ) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others. Do not include amounts reported on line (A) Total (B) Program (C) Management (0) Fundraising 6b, 8b, 9b, 10b, or 16 of Part 1. services and general 22 Grants and allocations (attach schedule) Statement 5 1 (cash $ 2 0 8 3 7 2 8 9 n0ncash $ 0 . If this amount includes foreign grants, check here ► 22 20 ,837,289. 20,837,289. 23 Specific assistance to individuals (attach schedule) - 23 24 Benefits paid to or for members (attach schedule) 24 25 Compensation of officers , directors , etc.* * 25 520, 548. 142,239. 364,649. 13,660. 26 Other salaries and wages 26 1, 709, 595. 457, 560. 604, 088. 647, 947. 27 Pension plan contributions 27 147,613. 35,167. 44,161. 68, 285. 28 Other employee benefits 28 204,161. 60,114. 78,333. 65,714. 29 Payroll taxes 29 133, 810. 32,472. 47, 002. 4,336. 30 Professional fundraising fees 30 31 Accounting fees 31 43,536. 1,818. 39,620. 2,098. 32 Legal tees 32 25 ,198. 9,838. 15,360. 33 Supplies 33 20,205. 809. 18 ,454. 942. 34 Telephone 34 11,298. 3, 568. 4 ,194. 3,536. 35 Postage and shipping 35 14 ,549. 87. 9,475. 4, '987 . 36 Occupancy 36 224 ,255. 44,187. 119,861. 60,207. 37 Equipment rental and maintenance 37 89 ,911. 8 6 , 8 8 . 3,025. 38 Printing and publications 38 80 ,143. 16,792. 63,351. 39 Travel 39 2,045. 1,305. 740. 40 Conferences, conventions , and meetings 40 79,188. 16,748. 24,517. 37,923. 41 Interest 41 42 Depreciation , depletion , etc. (attach schedule) 42 43 Other expenses not covered above (itemize): a See Statement 15 43a 1,279,466. 385,577. 750,844. 143,045. b 43b c a3c d 43d e 43e f 431 g 43g 44 Total functional expenses. Add lines 22 through 43. (Organizations completing columns (B)-(D), carry these totals to lines 13.15) 4 5,422,810. 2,018,940. ,219,454. ,184,416. Joint Costs . Check ► U if you are following SOP 98-2. Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? ► 0 Yes ® No If 'Yes," enter (i) the aggregate amount of these joint costs $ N/A ; (ii) the amount allocated to Program services $ N/A (iii) the amount allocated to Management and general $ N/A ; and ( iv) the amount allocated to Fundraising $ N/A Form 990 (2005) ** See Statement 4 523011 02-03-06 Form990(2005) Greater Milwaukee Foundation, Inc. 39-6036407 Page3 Part III Statement of Program Service Accomplishments (see the instructions) Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization How the public perceives an organization in such cases may be determined by the information presented on its return. Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments. What is the organization's primary exempt purpose? ► Program Service Grantmaking; see also Statements 5 and 14 Expenses (Required for 501(c)(3) All organizations must describe their exempt purpose achievements in a clear and concise manner. State the number of and (4) orgs., and clients served, publications issued, etc. Discuss achievements that are not measurable. (Section 501(c)(3) and (4) 4947(a)(1) trusts; but organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others.) optional for others.) a See above detail; also see Statements 5 and 14. 2 (Grants and allocations $ 0 , 8 3 7 , 2 8 9 . If this amount includes foreign grants, check here ► 2 2 , 018 , 94 0 . b Grants and allocations $ If this amount includes foreign rants, check here ► C Grants and allocations $ If this amount includes foreign rants, check here ► d Grants and allocations $ If this amount includes foreign rants, check here ► e Other program services (attach schedule) (Grants and allocations $ ) If this amount includes foreign grants, check here ► Q f Total of Program Service Expenses (should equal line 44, column (B), Program services) ► 22 , U 15 , 9 4 U .