2021-04-26T13:26:10-05:00 2020-06-30 390758449 WIPFLI LLP PO BOX 12237 GREEN BAY WI 543072237 990 2019-07-01 396076442 THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION UNIV 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 GREG SMITH TREASURER 4143526000 2021-03-31 1 TERRI REXRODE CPA MST P00096513 9206620016 2021-03-31 2019 2022-09-23 18:48:47Z GREG SMITH 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 33892982 0 X WWW.USMK12.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." 28 28 446 200 0 0 5114424 5305193 28166027 28041141 129479 86744 269387 216108 33679317 33649186 5506289 5652371 0 0 19172324 19255855 0 0 305179 9506663 8978883 34185276 33887109 -505959 -237923 58397596 57261379 5447692 4546683 52949904 52714696 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 1 26911452 5652371 28041141 THE UNIVERSITY SCHOOL OF MILWAUKEE CORP IS A NONPROFIT INDEPENDENT SCHOOL PROVIDING PRE-KINDERGARTEN THROUGH TWELFTH GRADE EDUCATION. THE SCHOOL COMPLETED THE OUR COMMON BOND CAMPAIGN BY RAISING MORE THAN ITS GOAL. THIS WILL ALLOW THE SCHOOL TO POSITION ITSELF FOR FUTURE PROGRAM ENHANCEMENTS AND GROWTH. 26911452 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 62 0 446 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X JANELL SCHMIDT 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 LAURA FULLER HEAD OF SCHOOL 40.00 1.00 X 494658 0 27168 GREGORY BACH ASSISTANT HEAD OF SCHOOL 40.00 X 194317 0 17518 PATRICK TEVLIN CHIEF ADVANCEMENT OFFICER 40.00 1.00 X 159244 0 42969 STUART CUSHMAN HEAD OF UPPER SCHOOL 40.00 X 131117 0 48908 MICHAEL TAUSCHER HEAD OF LOWER LEVEL 40.00 X 120280 0 51312 JANELL SCHMIDT DIRECTOR OF FINANCE 40.00 1.00 X 122209 0 14312 STEPHEN GUY PRESIDENT 1.00 X X 0 0 0 SARAH ZIMMERMAN VICE PRESIDENT 1.00 X X 0 0 0 KARIN WERNER SECRETARY 1.00 X X 0 0 0 GREGORY SMITH TREASURER 1.00 1.00 X X 0 0 0 CATHERINE ROBINSON MEMBER 1.00 X 0 0 0 CHARLES BRENNAN MEMBER 1.00 X 0 0 0 CHARLES MELLOWES MEMBER 1.00 X 0 0 0 ELMER MOORE JR MEMBER 1.00 X 0 0 0 ERSKINE TUCKER JR MEMBER 1.00 X 0 0 0 FREDERICK P STRATTON III MEMBER 1.00 1.00 X 0 0 0 JACKIE DARR MEMBER 1.00 X 0 0 0 JOHN BONNELL MEMBER 1.00 X 0 0 0 MARY JANE MARTINEZ MEMBER 1.00 X 0 0 0 MELANIE BOOTH MEMBER 1.00 X 0 0 0 MICHAEL C WILLIAMS 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 MICHEL POKEL 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 JENNIFER KEOUGH MEMBER 1.00 X 0 0 0 BRUCE LEE 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 ANDREW PETZOLD MEMBER 1.00 X 0 0 0 ANNE REED MEMBER 1.00 X 0 0 0 MICHAEL SMITH MEMBER 1.00 X 0 0 0 KARA NELSON MEMBER 1.00 X 0 0 0 1221825 0 202187 10 0 1 0 PAYMERANG 7401 BEAUFONT SPRINGS DR SUITE 300 RICHMOND VA 23225 FINANCIAL CONSULTING 6437005 COMPASS GROUP USA 2400 YORKMONT RD CHARLOTTE NC 28217 FOOD SERVICES 1285581 BUTTERS FETTING CO INC 1669 S 1ST ST MILWAUKEE WI 53204 PRODUCTS, INSTALL EQUIPMENT, SERVICE EQU 530534 WORLDSTRIDES ATTN CINDY THOMAS PO BOX 9033 CHARLOTTESVILLE VA 22906 TRAVEL SERVICES 169572 LIPPERT TILE COMPANY INC N89W14260 PATRITA DR MENOMONEE FALLS WI 53051 CONSTRUCTION 154761 9 16750 3457400 1831043 87840 5305193 TUITION & FEES 611600 26886290 26886290 AUXILIARY EDUCATIONAL PROGRAMS 611710 627359 627359 AUXILIARY ENTERPRISES 611710 494047 494047 STUDENT ACTIVITIES 611710 33445 33445 28041141 84044 84044 2700 0 2700 2700 2700 221996 16750 46797 175199 175199 8712 1487 7225 7225 229196 195512 33684 33684 33649186 28041141 0 302852 5652371 5652371 657479 657479 14738525 11343035 3395490 993883 741853 252030 1794597 1370482 424115 1071371 799691 271680 37783 37783 1898711 1700067 75319 123325 200133 3922 196211 1072019 757786 220123 94110 248797 14060 234737 777380 762095 15285 174289 159474 14815 162238 118403 34228 9607 57058 16666 37440 2952 3048558 2905973 142585 199392 199392 ENTERTAINMENT/SPECIAL E 79192 38677 21313 19202 1023333 327505 654660 41168 33887109 26911452 6670478 305179 3790434 11047095 5860129 646380 3415787 1815665 569920 452999 52653 63909 408232 242779 85553641 42955275 43960469 42598366 166827 166114 173145 228072 58397596 57261379 2196450 1986699 2028807 1540396 1222435 1019588 5447692 4546683 X 52821860 52578496 128044 136200 52949904 52714696 58397596 57261379 -237923 2715 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80834609 1796505 1255137 3787730 7500 80091021 76128080 1598134 6728946 3613551 7000 80834609 70129430 2583539 6791767 3374936 1720 76128080 63992239 359432 9104627 3319268 7600 70129430 66689633 684501 -335824 3037871 8200 63992239 0.37760 0.19770 0.42470 0 1 1 6096966 6096966 54912276 29008537 25903739 10482945 2894177 7588768 12619350 10325210 2294140 1442104 727351 714753 42598366 AGENCY FUNDS 91893 CAPITAL LEASE OBLIGATION 385878 DEFERRED COMPENSATION 541817 1019588 30465023 2715 2715 30462308 3186878 3186878 33649186 30700231 195512 195512 30504719 3382390 3382390 33887109 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 3,382,390. AUXILIARY EXPENSES -195,512. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 195,512. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,382,390. 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. HOLIDAY SHOPS 238746 16750 221996 23115 23682 238746 16750 221996 23115 23682 46797 175199 1 TUITION REMISSION 130 2269981 FINANCIAL AID 245 2623338 MERIT SCHOLARSHIPS 49 759052 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 HEAD OF SCHOOL 399082 0 92500 0 3076 0 19250 0 7918 0 521826 0 0 0 GREGORY BACH ASSISTANT HEAD OF SCHOOL 187120 0 5920 0 1277 0 12250 0 5268 0 211835 0 0 0 PATRICK TEVLIN CHIEF ADVANCEMENT OFFICER 158920 0 0 0 324 0 11683 0 31286 0 202213 0 0 0 STUART CUSHMAN HEAD OF UPPER SCHOOL 130655 0 0 0 462 0 9146 0 39762 0 180025 0 0 0 MICHAEL TAUSCHER HEAD OF LOWER LEVEL 119832 0 0 0 448 0 8883 0 42429 0 171592 0 0 0 PART I, LINE 1A LAURA FULLER, 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 HER CONTRACT. HOUSEKEEPING AND YARD MAINTENANCE ARE ALSO PROVIDED. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. X 15 87840 SELLING PRICE 0 1 1 PART I, LINE 32B: BROKERS ARE USED TO SELL STOCKS RECEIVED. FORM 990, PART III, LINE 3 DURING THE COVID-19 PANDEMIC THE SCHOOL MOVED TO REMOTE LEARNING. THIS ENTAILED OUR FACULTY PERFORMING SYNCHRONOUS TEACHING USING TECHNOLOGY TOOLS TO CONNECT TO STUDENTS. 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 BOARDS 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. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED. 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 3457400 COST