EIN 39-1809548

Martin Luther King Economic Development Corporation

Name: Martin Luther King Economic Development Corporation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Milwaukee

State

Wisconsin

Year formed

1993

Most recent tax filings

2022-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Martin Luther King Economic Development Development Corporation rebuilds the Harambee Community through an integrated neighborhood revitalization strategy and project development programs.

Also known as...

Martin Luther King Economic Development Development Corporation

Total revenues

$1,169,611

2022

Total expenses

$1,117,124

2022

Total assets

$13,094,688

2022

Num. employees

2022

Program areas at Martin Luther King Economic Development Corporation

Integrated neighborhood revitalization strategy and project Development. This program provided valuable information and resources for prospective first-time homeowners. Participants were engaged in budgeting and other financial-related activities to ensure the material was comprehended. The program received positive feedback from the participants.

Who funds Martin Luther King Economic Development Corporation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Greater Milwaukee Foundation (GMF)	2022-12	The Martin Luther King Economic Development	$40,000

Personnel at Martin Luther King Economic Development Corporation

Name	Title	Compensation	Date of data
Nicole Robbins	Executive Director	$75,208	2023-11-08
McArthur Weddle	Vice President / Vice Chairman	$0	2022-12-31
Genyne Edwards	Secretary / Director	$0	2022-12-31
Ben Johnson	President Board Chair / Chairman / President	$0	2022-12-31
Ken Little	Treasurer	$0	2022-12-31
...and 4 more key personnel

Financials for Martin Luther King Economic Development Corporation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$45,420	$115,000	-60.5%
Program services	$783,718	$0	999%
Investment income and dividends	$29,658	$51,869	-42.8%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$297,697	$914,358	-67.4%
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$13,118	$38,258	-65.7%
Total revenues	$1,169,611	$1,119,485	4.5%

Form 990s for Martin Luther King Economic Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-08	990	View PDF
2021-12	2022-11-09	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2021-03-31	990	View PDF
2018-12	2020-01-21	990	View PDF
...and 11 more Form 990s

Organizations like Martin Luther King Economic Development Corporation

Organization	Type	Location	Revenue
The Glendower Group	501(c)(3)	New Haven, CT	$1,539,625
Rock Island Economic Growth Corporation	501(c)(3)	Rock Island, IL	$2,442,309
Northside Residents Redevelopment Council	501(c)(3)	Minneapolis, MN	$1,250,892
Macon Ridge Community Development Corporation	501(c)(3)	Ferriday, LA	$469,685
Development Corporation of Tarrant County	501(c)(3)	Fort Worth, TX	$5,365,540
NS Community Planning and Dev Corporation	501(c)(3)	New Square, NY	$1,120,075
Solid Rock Community Developmentcorporation	501(c)(3)	Colorado Springs, CO	$2,060,455
Downtown Ithaca Local Development Corporation	501(c)(3)	Ithaca, NY	$2,520,538
Downtown Somerville Alliance	501(c)(3)	Somerville, NJ	$837,571
Collingswood Partners	501(c)(3)	Collingswood, NJ	$433,716

Data update history

January 11, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 3, 2024

Received grants

Identified 1 new grant, including a grant for $40,000 from Greater Milwaukee Foundation (GMF)

December 28, 2023

Used new vendors

Identified 1 new vendor, including

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 30, 2023

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Human servicesCommunity improvementHousingEconomic development

Characteristics

Tax deductible donationsAccepts online donations

General information

Address: 2745 N Martin Luther King Dr; Milwaukee, WI 53212
Metro area: Milwaukee-Waukesha, WI
County: Milwaukee County, WI
Website URL: mlkedcmke.org/

IRS details

EIN: 39-1809548
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1993
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Martin Luther King Economic Development Corporation

Program areas at Martin Luther King Economic Development Corporation

Who funds Martin Luther King Economic Development Corporation

Personnel at Martin Luther King Economic Development Corporation

Financials for Martin Luther King Economic Development Corporation

Form 990s for Martin Luther King Economic Development Corporation

Organizations like Martin Luther King Economic Development Corporation

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