Basics in Milwaukee INC EIN 39-1880148 Form 990 (PDF) Claim this org

Basics in Milwaukee INC

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Serve others through practical compassion, empower disciples, and share faith. For fiscal year 2024 it reported $203K in revenue, $217K in expenses, and $126K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Milwaukee, WI
Website
www.basicsmke.org
Filings
5 on file (2020–2024)
Revenue
$203KFY2024
Expenses
$217K
Net assets
$126K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-1880148 Public charity (501(c)(3)) Milwaukee, WI
Form 990 (PDF)
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Size
$100K–1M
What they do
Serve others through practical compassion, empower disciples, and share faith.
Leadership
Nick Galezewski · Executive Director · $55K
Money in and out
$203K revenue, $217K expenses
Bottom line
66% program efficiency
Where the money goes · FY2024
Total revenue
$203K
Pt VIII · Ln 12
Total expenses
$217K
Pt IX · Ln 25
Net assets
$126K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$14K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.26 Fundraising $0.08
Program efficiency
66%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
6.9mo
months of highly liquid reserves at operating expense rate▼ -3% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▼ -861% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$203K
FY2024▼ -14%
Expenses
$217K
FY2024▼ -9%
Total assets
$126K
FY2024▼ -12%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$203K
Pt VIII · Ln 12
Total expenses
$217K
Pt IX · Ln 25
Net assets
$126K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$126K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBasics in Milwaukee INC
EINHdr · item D39-1880148
Principal addressHdr · item CMilwaukee, WI
WebsiteHdr · item Jwww.basicsmke.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFSep 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$54,833Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Nick Galezewski’s $55K as Executive Director is at the 43rd percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gary Hendrickson$25,400$60,960$60,960
Nick Galezewski$54,833$55,000
Nick Galezewski$37,083
Laurie Hendrickson$5,300$1,800$1,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $144K of program spending, described in the organization's own filed words · FY2024.
01

Ministers to Milwaukee

We had 9 ministers serving throughout the Milwaukee area visiting schools regularly serving meals, reaching thousands of people through media, providing chapel services for MPD officers, visiting inmates in WI prisons to preach and disciple, and ministered to women caught in human trafficking.

$95Kprogram expense
02

Chamber of Faith

Designed to bring together 3 facets of the faith- based community - Business Leaders, Non-profit leaders and Church Leaders to stop viewing each other as competition and instead collaborate to build Gods kingdom, leverage our organizations niche.

$49Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$197K · 97%
Program service revenue$6K · 3%
Contributions & grants97%$197K
Program service revenue3%$6K
Investment income$300
Total revenueLn 12$203K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.26 Fundraising $0.08
Program services66%$144K
Management & general26%$56K
Fundraising8%$18K
Total functional expensesLn 25$217K

Balance Sheet

Part X · end of year
CashLn 1$125K
Total assetsLn 16$126K
Total liabilitiesLn 26$0
Total net assetsLn 32$126K
Months of cash on handcomputed6.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $125K · Operating expenses/yr $217K
6.9 months
Where the money goes
Program services
Program services $144K · Total expenses $217K
66%
Management & General
Management & general $56K · Total expenses $217K
26%
Fundraising
Fundraising $18K · Total expenses $217K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $31K · Solicited contributions (3-yr avg) $239K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $197K · Total revenue $203K
97%
Government reliance
Government grants — · Total revenue $203K
Earned-income share
Program service revenue $6K · Total revenue $203K
3%
Investment reliance
Investment income $300 · Total revenue $203K
+0.1%
Program self-sufficiency
Program service revenue $6K · Total expenses $217K
3%
Growth & trend
Revenue growth (YoY)
This year $203K · Prior year $237K
-14%
Revenue CAGR
FY2020 $368K · FY2024 $203K
-14%
Net-asset trend (YoY)
End of year $126K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $203K · Expenses $217K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $126K
Net-asset ratio
Net assets $126K · Total assets $126K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $126K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nick Galezewski · Reported title Executive Director · Highest reported compensation $55K · Total expenses $217K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $139K · Total expenses $217K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 26%
Fundraising cost ratio 9%
Revenue growth -14%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$203K revenue · viewing · ⤓ 990 PDF
FY2023$237K revenue · ⤓ 990 PDF
FY2022$282K revenue · ⤓ 990 PDF
FY2021$381K revenue · ⤓ 990 PDF
FY2020$368K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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