2022-05-09T12:20:27-05:00 2021-06-30 390758449 WIPFLI LLP PO BOX 12237 GREEN BAY WI 543072237 990 2020-07-01 396076442 THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION UNIV 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 GREG SMITH TREASURER 4143526000 2022-05-04 1 GREG SMITH 999009999 TERRI REXRODE CPA MST P00096513 9206620016 2022-05-03 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GREG SMITH 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 37736850 0 X WWW.USM.ORG X 1851 WI UNIVERSITY SCHOOL OF MILWAUKEE PROVIDES AN EXCEPTIONAL PK-12 INDEPENDENT SCHOOL EDUCATION IN A SUPPORTIVE, INCLUSIVE COMMUNITY BUILT ON THE FOUNDATION OF OUR COMMON TRUST. BY IGNITING A PASSION FOR LEARNING, LEADERSHIP, AND SERVICE, THE SCHOOL PREPARES EACH STUDENT - AS AN INDIVIDUAL - FOR SUCCESS IN HIGHER EDUCATION AND A LIFE OF PURPOSE. USM EMBRACES A TRADITION OF SUPERIOR ACADEMIC ACHIEVEMENT THROUGH A COMMITMENT TO EXPERTISE AND INNOVATION IN OUR SCHOOL. THE COMMON TRUST, THE BASIC PHILOSOPHY OF COMMUNITY BEHAVIOR AT UNIVERSITY SCHOOL OF MILWAUKEE, IS AT THE CORE OF THE SCHOOL'S GUIDING PRINCIPLES, AND IS EXPRESSED IN THE FOLLOWING PLEDGE: "WE, THE MEMBERS OF THE UNIVERSITY SCHOOL OF MILWAUKEE COMMUNITY, ACCEPT THE COMMON TRUST. WE AGREE TO RELATE TO ONE ANOTHER AND THE SCHOOL WITH RESPECT, TRUST, HONESTY, FAIRNESS, AND KINDNESS." 27 27 407 200 0 0 5305193 8737564 28041141 28721641 86744 16557 216108 55855 33649186 37531617 5652371 5982220 0 0 19255855 20571269 0 0 106027 8978883 10450343 33887109 37003832 -237923 527785 57261379 59516474 4546683 6243678 52714696 53272796 X UNIVERSITY SCHOOL OF MILWAUKEE PROVIDES AN EXCEPTIONAL PK-12 INDEPENDENT SCHOOL EDUCATION IN A SUPPORTIVE, INCLUSIVE COMMUNITY BUILT ON THE FOUNDATION OF OUR COMMON TRUST. BY IGNITING A PASSION FOR LEARNING, LEADERSHIP, AND SERVICE, THE SCHOOL PREPARES EACH STUDENT - AS AN INDIVIDUAL - FOR SUCCESS IN HIGHER EDUCATION AND A LIFE OF PURPOSE. USM EMBRACES A TRADITION OF SUPERIOR ACADEMIC ACHIEVEMENT THROUGH A COMMITMENT TO EXPERTISE AND INNOVATION IN OUR SCHOOL. THE COMMON TRUST, THE BASIC PHILOSOPHY OF COMMUNITY BEHAVIOR AT UNIVERSITY SCHOOL OF MILWAUKEE, IS AT THE CORE OF THE SCHOOL'S GUIDING PRINCIPLES, AND IS EXPRESSED IN THE FOLLOWING PLEDGE: "WE, THE MEMBERS OF THE UNIVERSITY SCHOOL OF MILWAUKEE COMMUNITY, ACCEPT THE COMMON TRUST. WE AGREE TO RELATE TO ONE ANOTHER AND THE SCHOOL WITH RESPECT, TRUST, HONESTY, FAIRNESS, AND KINDNESS." 0 0 30570871 5982220 28721641 THE UNIVERSITY SCHOOL OF MILWAUKEE CORP IS A NONPROFIT INDEPENDENT SCHOOL PROVIDING PREKINDERGARTEN THROUGH 12TH GRADE EDUCATION. THE SCHOOL'S ENDOWMENT RECENTLY PASSED THE $100 MILLION MARK, WHICH IS MORE THAN THREE TIMES THE ANNUAL OPERATING BUDGET. THE ENDOWMENT, ALONG WITH TUITION AND AUXILIARY PROGRAM REVENUES AND OTHER GIFTS TO THE SCHOOL, ALLOW USM TO POSITION ITSELF WELL FOR FUTURE PROGRAM ENHANCEMENTS AND GROWTH. 30570871 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 39 0 407 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X KELLY MCGUIRE 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 STEPHEN GUY PRESIDENT 1.00 X X 0 0 0 SARAH ZIMMERMAN VICE PRESIDENT 1.00 X X 0 0 0 GREGORY SMITH TREASURER 1.00 X X 0 0 0 KARIN WERNER SECRETARY 1.00 X X 0 0 0 JOHN BONNELL MEMBER 1.00 X 0 0 0 MELANIE BOOTH MEMBER 1.00 X 0 0 0 CHARLES BRENNAN MEMBER 1.00 X 0 0 0 BARBARA BRENNAN-NELSON MEMBER 1.00 X 0 0 0 JACKIE DARR MEMBER 1.00 X 0 0 0 MICHAEL DARROW MEMBER 1.00 X 0 0 0 MICHAEL M GREBE MEMBER 1.00 X 0 0 0 JENNIFER KEOUGH MEMBER 1.00 X 0 0 0 SUMEETA KRISHNANEY MEMBER 1.00 X 0 0 0 TAMORA MARTIN MEMBER 1.00 X 0 0 0 MARY JANE MARTINEZ MEMBER 1.00 X 0 0 0 CHARLES MELLOWS MEMBER 1.00 X 0 0 0 BRIGID MILLER MEMBER 1.00 X 0 0 0 JANAN NAJEEB MEMBER 1.00 X 0 0 0 KARA NELSON MEMBER 1.00 X 0 0 0 MICHEL POKEL MEMBER 1.00 X 0 0 0 COLLEEN POLSTON MEMBER 1.00 X 0 0 0 ANNE REED MEMBER 1.00 X 0 0 0 CATHERINE ROBINSON MEMBER 1.00 X 0 0 0 TODD SCHOON MEMBER 1.00 X 0 0 0 MICHAEL SMITH MEMBER 1.00 X 0 0 0 FREDERICK P STRATTON III MEMBER 1.00 1.00 X 0 0 0 MICHAEL C WILLIAMS MEMBER 1.00 X 0 0 0 KELLY MCGUIRE CHIEF FINANCIAL OFFICER (BEG. JUNE) 40.00 1.00 X 0 0 0 JANELL SCHMIDT CHIEF FINANCIAL OFFICER (THRU JUNE) 40.00 1.00 X 120451 0 29963 STEVE HANCOCK HEAD OF SCHOOL 40.00 1.00 X 189533 0 19232 GREGG BACH ASSISTANT HEAD OF SCHOOL 40.00 X 202340 0 27913 PATRICK TEVLIN CHIEF ADVANCEMENT OFFICER 40.00 X 166216 0 46273 MICHAEL TAUSCHER HEAD OF LOWER SCHOOL 40.00 X 123972 0 70402 STUART CUSHMAN HEAD OF UPPER SCHOOL 40.00 X 135079 0 49530 ELAINE GRIFFIN HEAD OF MIDDLE SCHOOL 40.00 X 106691 0 29570 LAURA FULLER FORMER HEAD OF SCHOOL 40.00 X 308460 0 36851 1352742 0 309734 12 1 1 0 PAYMERANG 7401 BEAUFONT SPRINGS DRIVE SUITE RICHMOND VA 23225 FINANCIAL CONSULTING 6563312 COMPASS GROUP USA 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 1184355 HURZINGER CONSTRUCTION CO 21100 ENTERPRISE AVENUE BROOKFIELD WI 53045 CONSTRUCTION 426502 BUTTERS FETTING CO INC 1669 SOUTH 1ST STREET MILWAUKEE WI 53204 INSTALL EQUIPMENT, SERVICE EQUIPMENT, PR 246395 NOVIR LLC 309 NORTH WATER STREET SUITE 370 MILWAUKEE WI 53202 SCHOOL WIDE COVID TESTING 209313 12 4307130 4430434 142833 8737564 TUITION & FEES 611600 28040035 28040035 AUXILIARY ENTERPRISES 611710 473266 473266 AUXILIARY EDUCATIONAL PROGRAMS 611710 193325 193325 STUDENT ACTIVITIES 611710 15015 15015 28721641 16557 16557 6780 1927 4853 4853 50359 16110 34249 34249 203949 187196 16753 16753 37531617 28721641 0 72412 5982220 5982220 570901 570901 15314426 11892252 3422174 1014323 785245 229078 2557001 1963025 593976 1114618 838715 275903 26651 26651 2442087 2211024 168651 62412 177673 17286 160387 1462303 1316599 119580 26124 219187 506 218681 820070 820070 54620 43477 11143 63557 9390 53514 653 3031406 2869317 162089 217737 217737 SEARCH COMMITTEE EXPENS 116178 116178 ENTERTAINMENT/SPECIAL E 43505 9467 24426 9612 MEMBERSHIP DUES 29242 29242 BAD DEBT EXPENSE 27702 27702 1718425 1594541 116658 7226 37003832 30570871 6326934 106027 11047095 14554314 646380 22747 1815665 1328382 452999 883871 63909 78490 242779 294753 87779549 45992406 42598366 41787143 166114 191036 228072 375738 57261379 59516474 1986699 3257548 1540396 2489975 1019588 496155 4546683 6243678 X 52578496 53024638 136200 248158 52714696 53272796 57261379 59516474 527785 30315 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80091021 557401 22670092 4544007 10700 98763807 80834609 1796505 1255137 3787730 7500 80091021 76128080 1598134 6728946 3613551 7000 80834609 70129430 2583539 6791767 3374936 1720 76128080 63992239 359432 9104627 3319268 7600 70129430 0.36213 0.16853 0.46933 0 1 1 6637180 6637180 66569535 34298270 32271265 14145463 11694136 2451327 427371 427371 41787143 AGENCY FUNDS 79064 CAPITAL LEASE OBLIGATION 287524 DEFERRED COMPENSATION 129567 496155 34059017 30315 30315 34028702 3502915 3502915 37531617 33500917 187196 187196 33313721 3690111 3690111 37003832 PART V, LINE 4: ENDOWMENT FUNDS ARE INVESTED FOR THE LONG-TERM, CREATING A PERMANENT SOURCE OF FUNDING FOR ONGOING PRIORITIES, SUCH AS INSTRUCTION, SCHOLARSHIP, AND OTHER PURPOSES. ONLY A PORTION OF THE INCOME EARNED ANNUALLY IS USED TO SUPPORT THESE PRIORITIES. THE BALANCE OF THE EARNING IS CHANNELED BACK INTO THE FUND, SO THAT THE ENDOWMENT CONTINUES TO GROW OVERTIME. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,690,111. AUXILIARY EXPENSES -187,196. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 187,196. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,690,111. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 STATEMENT OF RACIALLY NON DISCRIMINATORY POLICY IS PUBLISHED IN THE MILWAUKEE JOURNAL SENTINEL. 50359 16110 0 50359 16110 16110 34249 0 0 0 0 0 0 1 TUITION REMISSION 127 2292109 FINANCIAL AID 244 2942359 MERIT SCHOLARSHIPS 54 747752 PART I, LINE 2: ALL FINANCIAL AID GRANTS AND SCHOLARSHIPS ARE MONITORED BY THE ADVANCEMENT DEPARTMENT TO ENSURE THAT THE FUNDS ARE USED IN THE MANNER SET BY DONOR OR ENDOWED FUND FOR WHICH THE GRANT WAS GIVEN. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LAURA FULLER FORMER HEAD OF SCHOOL 307272 0 0 0 1188 0 35851 0 1000 0 345311 0 0 0 GREGG BACH ASSISTANT HEAD OF SCHOOL 194374 0 5925 0 2041 0 16309 0 11604 0 230253 0 0 0 PATRICK TEVLIN CHIEF ADVANCEMENT OFFICER 164212 0 0 0 2004 0 12065 0 34208 0 212489 0 0 0 STEVE HANCOCK HEAD OF SCHOOL 188409 0 0 0 1124 0 9975 0 9257 0 208765 0 0 0 MICHAEL TAUSCHER HEAD OF LOWER SCHOOL 122789 0 0 0 1183 0 9151 0 61251 0 194374 0 0 0 STUART CUSHMAN HEAD OF UPPER SCHOOL 133941 0 0 0 1138 0 9421 0 40109 0 184609 0 0 0 JANELL SCHMIDT CHIEF FINANCIAL OFFICER (THRU JUNE) 118536 0 0 0 1915 0 9148 0 20815 0 150414 0 0 0 PART I, LINE 1A STEVE HANCOCK, THE HEAD OF THE SCHOOL, IS REQUIRED TO LIVE AND TO CONDUCT SOME BUSINESS IN A HOUSE THAT IS PROVIDED BY THE UNIVERSITY SCHOOL OF MILWAUKEE PER HIS CONTRACT. HOUSEKEEPING AND YARD MAINTENANCE ARE ALSO PROVIDED. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. FORM 990, PART VII, SECTION A, LINE 3: LAURA FULLER IS THE FORMER HEAD OF SCHOOL, A KEY EMPLOYEE, FOR THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION. LAURA'S LAST DAY SERVED IN THIS POSITION WAS JUNE 30, 2020. X 2 142883 SELLING PRICE 0 0 1 1 PART I, LINE 32B: BROKERS ARE USED TO SELL STOCKS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 CHARLES BRENNAN AND BARBARA BRENNAN-NELSON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS MADE AVAILABLE FOR REVIEW TO THE BOARD OF TRUSTEES THROUGH A SECURE PORTAL. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE RESPONSIBILITY OF THE PERSON INVOLVED OR ANY OTHER PERSON WITH KNOWLEDGE TO NOTIFY IN WRITING, THE BOARD'S COMMITTEE ON TRUSTEES OF THE CIRCUMSTANCES RESULTING IN THE POTENTIAL CONFLICT SO THAT SUCH COMMITTEE CAN PROVIDE GUIDANCE AND TAKE ACTION AS IT DEEMS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL IS COMPARED AGAINST A BENCHMARK MADE UP OF 8 SIMILAR INDEPENDENT SCHOOLS. THE COMPENSATION COMMITTEE REVIEWS THE BENCHMARK TO DETERMINE THAT THE COMPENSATION LEVEL IS APPROPRIATE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. MILWAUKEE WINTER CLUB LLC 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 852001021 FOSTER GROWTH OF YOUTH ICE HOCKEY WI 940174 14690 THE UNIVERSITY SCHOOL OF MILWAUKEE CORP UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 455276699 SUPPORT THE UNIVERSITY SCHOOL OF MILWAUKEE WI 501(C)(3) LINE 12A, I THE UNIVERSITY SCHOOL OF MILWAUKEE CORP 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC C 4307130 COST