Milwaukee Development Corporation
-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.
Milwaukee Development Corporation at a glance
- Total assets
- $16,826,694
- +240.1% vs 2024
- Revenue (2025)
- $4,248,510
- +178.7% vs 2024
- Net investment income (2025)
- $254,148
- -46.9% vs 2024
- Expenses (2025)
- $1,853,429
- +43.3% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Milwaukee Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was $5M or more: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2023, annual grant giving ranged from $18.2M (2022) to $20.3M (2023). In 2023 it made 1 grant totaling $20.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Milwaukee Economic Development Corporation Milwaukee, WI | To Support Small Businesses Recovering from Covid-19 Pandemic | $20,322,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $16,826,694 | $4,248,510 | $1,853,429 | — | — | $254,148 |
| 2024 | $4,947,781 | $1,524,506 | $1,293,600 | — | — | $478,989 |
| 2023 | $4,666,006 | $21,906,807 | $21,876,551 | $20,322,500 | 1 | $83,728 |
| 2022 | $4,444,230 | $23,219,043 | $27,315,181 | $18,162,515 | 1 | $114,318 |
| 2021 | $16,168,081 | $5,669,395 | $1,494,670 | — | — | $43,953 |
| 2020 | $4,897,879 | $3,242,928 | $1,527,948 | — | — | $25,263 |
| 2019 | $2,989,615 | $2,428,468 | $2,449,309 | — | — | $22,750 |
About Milwaukee Development Corporation
Based on IRS filings
Milwaukee Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Milwaukee, WI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $16.8M in total assets. Net investment income was $254K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Milwaukee Development Corporation is led by D. Patrick O'Brien, President on every filing since 2019; 3 of 24 officers listed in 2025 are compensated.
Officers on the 2025 filing
D. Patrick O'Brien
President
On filings since 2019
40 hrs/week
$235K (2019) → $280K (2025)
James Paetsch
Senior Vice President & Executive Director M7
Vice President → Senior Vice President & Executive Director M7, 2025
On filings since 2019
40 hrs/week
$168K (2019) → $201K (2025)
Rebecca Gries
Executive Director M7
New on the 2025 filing
40 hrs/week
$129K (2025)
Kevin Anderson
Chair
Director → Chair, 2025
On filings since 2024
1 hr/week
No compensation reported
Barry Mandel
Director
On filings since 2019
1 hr/week
No compensation reported
Bob Hillis
Director
On filings since 2019
1 hr/week
No compensation reported
Erica-Nicole Harris
Director
On filings since 2019
1 hr/week
No compensation reported
John Kissinger
Director
On filings since 2019
1 hr/week
No compensation reported
Rich Tennessen
Director
On filings since 2021
1 hr/week
No compensation reported
Carla Cross
Director
On filings since 2024
1 hr/week
No compensation reported
Marvin Bynum II
Director
On filings since 2024
1 hr/week
No compensation reported
Robert Monnat
Director
On filings since 2024
1 hr/week
No compensation reported
William Suenkens
Director
On filings since 2024
1 hr/week
No compensation reported
Christopher R. Smith
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jay Mack
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jeffrey Hoehn
Director
New on the 2025 filing
1 hr/week
No compensation reported
Josh Krsnak
Director
New on the 2025 filing
1 hr/week
No compensation reported
Josh Roling
Director
New on the 2025 filing
1 hr/week
No compensation reported
Pat Kressin
Director
New on the 2025 filing
1 hr/week
No compensation reported
Thomas Kissinger
Director
New on the 2025 filing
1 hr/week
No compensation reported
Thimothy R. Sheehy
Emeritus
Secretary → Emeritus, 2025
On filings since 2019
1 hr/week
No compensation reported
Craig Kammholz
Chief Financial Officer
Treasurer → Chief Financial Officer, 2025
On filings since 2022
1 hr/week
No compensation reported
Dale Kooyenga
Secretary & Treasurer
Officer → Secretary & Treasurer, 2025
On filings since 2023
1 hr/week
No compensation reported
Lynn Olberding
Chief Operating Officer
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (7)
- Former: Frank J. Krejci (2019–2024) — Co-Chair
- Former: Michael Hatch (2019–2024) — Director
- Former: Steve Chernof (2019–2024) — Co-Chair
- Former: Rolando Rodriguez (2019–2023) — Director
- Former: Stephen McGuire (2019–2023) — Director
- Former: David Stearns (2021–2023) — Director
- Former: David A. Baumgarten (2019–2021) — Chairman
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $280K, to D Patrick O'Brien (President). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Milwaukee Development Corporation
How large is Milwaukee Development Corporation?
Milwaukee Development Corporation reported $16.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.2M.
What is Milwaukee Development Corporation?
Milwaukee Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Milwaukee, WI. It holds $16.8M in total assets as of 2025.
Where does Milwaukee Development Corporation operate?
Milwaukee Development Corporation has awarded grants in Wisconsin.
What is Milwaukee Development Corporation's EIN?
Milwaukee Development Corporation's EIN (Employer Identification Number) is 93-0828687. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS January 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 23, 2024)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Milwaukee Development Corporation's focus areas in our free grants database
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