Wisconsin · Nonprofit
MILWAUKEE DEVELOPMENT CORPORATION
MILWAUKEE DEVELOPMENT CORPORATION (Wisconsin) receives grants from 6 organizations whose IRS filings report $621,400 to it, the largest being BAIRD FOUNDATION INC ($237,000). 4 of them have funded it in more than one year.
- Revenue FY2025
- $4.2M
- Funders on record
- 6
- Grants received
- $621k
- Net assets
- $7.4M
What Milwaukee Development Corporation does
Mission
-instigate, implement, participate in and promote such activities as shall, in the judgment of mdc, tend to support the general community interest in a strong, vital, aesthetically exciting and economically viable greater milwaukee community.-develop for community consideration such studies, surveys and plans as may be necessary for consideration of alternative land and space use for business, residential and recreation activities.-encourage, support and participate in cooperative planning and investment efforts of government agencies, academic institutions and private enterprise in a strong greater milwaukee community.
As stated on its FY2025 Form 990.
Program
Promoted economic development through catalytic real estate developments and regional business retention, expansion and attraction working in partnership with both public and private like-minded organizations.
$1,300,262 spent$3,299,999 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,300,262.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $4.9M to $17M (+240%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 42% · 2018 21% · 2019 35% · 2020 6% · 2021 4% · 2022 80% · 2023 95% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.
18% of MILWAUKEE DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Rebecca Gries
Executive director m7
Board chair
Kevin Anderson
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base narrowed from 3 funders to 2 funders, grant income fell $95k → $85k.
2 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 14% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $568k from 2 payers (the payer shares this organization's board, largest Metropolitan Milwaukee Association of Commerce). These are real filings, and they are not money MILWAUKEE DEVELOPMENT CORPORATION raised.
From the IRS filings of MILWAUKEE DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MILWAUKEE DEVELOPMENT CORPORATION leans on a few funders — its largest provides 38% of grant income and the top three 81%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 53% · 2018 53% · 2019 53% · 2020 44% · 2021 100% · 2022 100% · 2023 59% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of MILWAUKEE DEVELOPMENT CORPORATION's grant income comes from Wisconsin funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $89k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MILWAUKEE DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Government funding MILWAUKEE DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $140k on record.
- Department of Commerce$140k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like MILWAUKEE DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Wisconsin
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
70% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Metropolitan Milwaukee Association of Commerce · exempt
Screen this organization
A dated, signed PDF of the compliance screen for MILWAUKEE DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MILWAUKEE DEVELOPMENT CORPORATION?
- MILWAUKEE DEVELOPMENT CORPORATION (Wisconsin) receives grants from 6 organizations whose IRS filings report $621,400 to it, the largest being BAIRD FOUNDATION INC ($237,000). 4 of them have funded it in more than one year.
- How many funders does MILWAUKEE DEVELOPMENT CORPORATION have?
- IRS filings report 6 organizations giving $621,400 in grants to MILWAUKEE DEVELOPMENT CORPORATION, 4 of which have funded it in more than one year.
- Who is the largest funder of MILWAUKEE DEVELOPMENT CORPORATION?
- BAIRD FOUNDATION INC is the largest funder on record, with $237,000 in grants. The full list of funders is on this page.
- How can an organization like MILWAUKEE DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing