Nari Milwaukee Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 39-1795340)

Revenue by fiscal year
FY2020	$79K
FY2021	$82K
FY2022	$73K
FY2023	$90K
FY2024	$101K
FY2025	$135K

Expenses by fiscal year
FY2020	Not on file
FY2021	Not on file
FY2022	Not on file
FY2023	Not on file
FY2024	$91K
FY2025	$121K

Net assets by fiscal year
FY2020	$113K
FY2021	$169K
FY2022	$185K
FY2023	$223K
FY2024	$236K
FY2025	$253K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

55 cents of each dollar spent went to programs.

55%

41%

Program services 55% · $67K Management & general 41% · $49K Fundraising 4% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Maretes Hein

Immediate Past President

$0Pt VII · Sec A

Jodee Benavides

President

$0Pt VII · Sec A

Mike Madson

Treasurer/Secretary

$0Pt VII · Sec A

Lucas Drake

Director

$0Pt VII · Sec A

Bruce Janczak

Director

$0Pt VII · Sec A

Diana Schmidt

Director

$0Pt VII · Sec A

Rebecca Sabourin

Director

$0Pt VII · Sec A

Jade Phelps

Vice President

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates the public on home improvement and remodeling through programs and activities.

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Provided by the organization

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2 programs · $67K · in their own filed words · FY2024

01

The nari milwaukee foundation provided scholarships to college students pursuing a career in the home improvement and remodeling industry through its individual scholarship program and programs in place at area technical schools. In addition, the foundation provided scholarships to nari milwaukee, icn.

$48Kprogram expense

02

The nari milwaukee foundation partners with nari milwaukee, inc. On programs related to workforce development within the home improvement and remodeling industry, emphasizing the opportunities for careers within the industry to area middle school, high school, and technical school students.

$19Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 4 grants · $60K · 2023–2024

Nari Milwaukee INCWI · FY2024$15,000

Unitemized GrantFY2024$12,933

Unitemized GrantFY2023$17,500

Nari Milwaukee INCWI · FY2023$15,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$135K

Ln 12

Gifts and grantsLn 1h$114K

Other incomeLn 4–11$16K

Investment incomeLn 3$5K

Money outPt IX

$121K

Ln 25

Programscol B$67K

Managementcol C$49K

Fundraisingcol D$5K

Owns and owesPt X

$253K

net assets · Ln 32

Cash and savingsLn 1–2$219K

Total assetsLn 16$332K

LiabilitiesLn 26$79K

PeoplePt VI, VII

12

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$114K

Noncash giftsLn 1g$14K

Fundraising eventsLn 1c$47K

Investment incomeLn 3$5K

Other incomeLn 4–11$16K

Gains on assetsLn 7$356

Total revenueLn 12$135K

Assets in detailPt X, end of year

CashLn 1$185K

SavingsLn 2$34K

Cash and savings togetherLn 1–2$219K

InvestmentsLn 11–13$87K

Other assetsLn 15$4K

Total assetsLn 16$332K

LiabilitiesLn 26$79K

Net assetsLn 32$253K

OperationsPt I, VI

EmployeesI 50

VolunteersI 660

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$213K	$219K
InvestmentsLn 11–13	$81K	$87K
Total assetsLn 16	$315K	$332K
LiabilitiesLn 26	$79K	$79K
Net assetsLn 32	$236K	$253K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$27K	$27K
Grants to domestic individualsLn 2	$21K	$21K
Accounting feesLn 11c	$5K		$5K
Other fees for servicesLn 11g	$26K		$26K
Advertising and promotionLn 12	$13K	$13K
Office expensesLn 13	$5K		$5K
Information technologyLn 14	$3K		$3K
InsuranceLn 23	$3K		$3K
Other expenses (24a–d)Ln 24	$18K	$6K	$7K	$5K
Total functional expensesLn 25	$121K	$67K	$49K	$5K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$135K	$121K	$13K	$253K	990 PDF
FY2024	$101K	$91K	$10K	$236K	990 PDF
FY2023	$90K			$223K	990 PDF
FY2022	$73K			$185K	990 PDF
FY2021	$82K			$169K	990 PDF
FY2020	$79K			$113K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $134,690 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $86,586$114,412

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $2,790$4,701

I-11 Other revenuePrior year $11,538$15,577

I-12 Total revenuePrior year $100,914$134,690

I-13 Grants and similar amounts paidPrior year $39,500$47,574

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $51,020$73,672

I-18 Total expensesPrior year $90,520$121,246

I-19 Revenue less expensesPrior year $10,394$13,444

Part VI · Governance 10 of 10 board members independent, 1 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $134,690 across 9 lines filed

VIII-1c Fundraising events$46,810

VIII-1f All other contributions, gifts and grants$67,602

VIII-1g Noncash contributions (included above)$13,741

VIII-1h Total contributions, gifts and grants$114,412

VIII-3 Investment incomeExcluded from tax $4,345$4,345

VIII-7 Net gain or loss on sales of assetsExcluded from tax $356$356

VIII-8 Net income from fundraising eventsExcluded from tax $14,823$14,823

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $754$754

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,278$134,690

Part IX · Statement of functional expenses $121,246 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $26,904$26,904

IX-2 Grants to domestic individualsPrograms $20,670$20,670

IX-11c Accounting feesManagement $5,049$5,049

IX-11g Other fees for servicesManagement $26,256$26,256

IX-12 Advertising and promotionPrograms $13,290$13,290

IX-13 Office expensesManagement $5,101$5,101

IX-14 Information technologyManagement $3,041$3,041

IX-23 InsuranceManagement $2,561$2,561

IX-24 Other expenses (24a–d)Programs $6,184 · Management $7,396 · Fundraising $4,794$18,374

IX-25 Total functional expensesPrograms $67,048 · Management $49,404 · Fundraising $4,794$121,246

Part X · Balance sheet $331,746 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $180,432$184,967

X-2 Savings and temporary cash investmentsStart of year $32,722$33,827

X-4 Accounts receivableStart of year $14,800$18,000

X-9 Prepaid expenses and deferred chargesStart of year $2,739$3,774

X-11 Publicly traded securitiesStart of year $81,305$87,042

X-15 Other assetsStart of year $3,135$4,136

X-16 Total assetsStart of year $315,133$331,746

X-17 Accounts payable and accrued expensesStart of year $2,340$7,695

X-19 Deferred revenueStart of year $76,321$70,875

X-26 Total liabilitiesStart of year $78,661$78,570

X-27 Net assets without donor restrictionsStart of year $236,472$253,176

X-32 Total net assets or fund balancesStart of year $236,472$253,176

X-33 Total liabilities and net assetsStart of year $315,133$331,746

Part XI · Reconciliation of net assets $253,176 net assets at year end

XI-1 Total revenue$134,690

XI-2 Total expenses$121,246

XI-3 Revenue less expenses$13,444

XI-4 Net assets at start of year$236,472

XI-5 Net unrealized gains (losses) on investments$3,260

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$253,176

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Nari Milwaukee Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Nari Milwaukee Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV