2019-05-14T16:13:38-05:00 2018-06-30 390758449 WIPFLI LLP PO BOX 12237 GREEN BAY WI 543072237 990 2017-07-01 396076442 THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION UNIV 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 GREG SMITH TREASURER 4143526000 2019-05-13 1 TERRI REXRODE CPA MST P00096513 9206620016 2019-05-13 74.87.127.216 2019-05-13 11:01:40 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A43ECD1EE6AF4781A69F6BFA161A98BDE8FA2C07 2017 2019-02-21 02:37:17Z GREG SMITH 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 37402614 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." 24 24 487 200 0 0 11641365 8680042 26597631 27819908 4861 18499 171597 333424 38415454 36851873 4756059 5275964 0 0 17439921 19007133 0 0 307227 8422034 8340242 30618014 32623339 7797440 4228534 54353496 59586952 5142593 6137982 49210903 53448970 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 26563166 5275964 27819908 THE UNIVERSITY SCHOOL OF MILWAUKEE CORP IS A NOT-FOR-PROFIT INDEPENDENT SCHOOL PROVIDING PRE-KINDERGARTEN THROUGH TWELFTH GRADE EDUCATION. SCHOOL ENROLLMENT HAS BEEN AT MORE THAN 1,100 STUDENTS FOR MORE THAN FIVE STRAIGHT YEARS, WITH TWO YEARS OF RECORD ENROLLMENT IN THAT TIME. THE SCHOOL STARTED CONSTRUCTION ON CAPITAL IMPROVEMENTS IN SPRING 2017 AND PLANS TO INCREASE THE ENDOWMENT OVER THE NEXT FIVE YEARS. THIS WILL ALLOW THE SCHOOL TO POSITION ITSELF FOR FUTURE PROGRAM ENHANCEMENTS AND GROWTH. 26563166 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 52 0 487 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 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 MELANIE BOOTH MEMBER 1.00 X 0 0 0 MICHAEL M GREBE MEMBER 1.00 X 0 0 0 STEPHEN GUY MEMBER 1.00 X 0 0 0 KAREN HUFFMAN SECRETARY 1.00 X X 0 0 0 SANGEETA KHANNA MEMBER 1.00 X 0 0 0 TAMORA MARTIN MEMBER 1.00 X 0 0 0 CHARLES MELLOWES MEMBER 1.00 X 0 0 0 LINDA MUTSCHLER MEMBER 1.00 X 0 0 0 CATHERINE ROBINSON MEMBER 1.00 X 0 0 0 FREDERICK P STRATTON III MEMBER 1.00 1.00 X 0 0 0 ERSKINE TUCKER JR MEMBER 1.00 X 0 0 0 KARIN WERNER MEMBER 1.00 X 0 0 0 MICHAEL C WILLIAMS 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 MARY JANE MARTINEZ MEMBER 1.00 X 0 0 0 CHARLES BRENNAN MEMBER 1.00 X 0 0 0 ANDREW PETZOLD PRESIDENT 5.00 X X 0 0 0 GREGORY SMITH TREASURER 1.00 X X 0 0 0 SARAH ZIMMERMAN VICE PRESIDENT 1.00 X X 0 0 0 JOHN BONNELL MEMBER 1.00 X 0 0 0 BRUCE LEE MEMBER 1.00 X 0 0 0 ELMER MOORE JR MEMBER 1.00 X 0 0 0 MICHEL POKEL MEMBER 1.00 X 0 0 0 LAURA FULLER HEAD OF SCHOOL 40.00 1.00 X 459595 0 42115 JANELL SCHMIDT DIRECTOR OF FINANCE 40.00 1.00 X 119144 0 14346 STUART CUSHMAN HEAD OF UPPER SCHOOL 40.00 X 124736 0 43649 GREGORY BACH ASSISTANT HEAD OF SCHOOL 40.00 X 184313 0 29882 PAMELA NOSBUSCH HEAD OF MIDDLE SCHOOL 40.00 X 134334 0 28110 PATRICK TEVLIN CHIEF ADVANCEMENT OFFICER 40.00 X 153347 0 92706 MICHAEL TAUSCHER HEAD OF LOWER LEVEL 40.00 X 114665 0 61773 1290134 0 312581 11 0 1 0 CD SMITH CONSTRUCTION INC 889 E JOHNSON STREET PO BOX 1006 FOND DU LAC WI 54936 CONSTRUCTION SERVICES 5436071 FLIK COMPASS GROUP USA PO BOX 91337 CHICAGO IL 606931337 FOOD SERVICES 1201949 UIHLEIN WILSON ARCHITECTS 322 EAST MICHIGAN STREET MILWAUKEE WI 53202 ARCHITECT 466047 QPS EMPLOYMENT GROUP 250 N PATRICK BLVD STE 185 BROOKFIELD WI 53045 TEMPORARY LABOR 191051 WORLDSTRIDES ATTN CINDY THOMAS PO BOX 9033 CHARLOTTESVILLE VA 22906 TRAVEL SERVICES 148684 10 107850 3008200 5563992 405257 8680042 TUITION & FEES 611600 26432359 26432359 AUXILIARY EDUCATIONAL PROGRAMS 611710 725071 725071 AUXILIARY ENTERPRISES 611710 628713 628713 STUDENT ACTIVITIES 611710 33765 33765 27819908 14980 14980 3519 0 3519 3519 3519 589412 107850 295579 293833 293833 5737 0 5737 5737 289016 255162 33854 33854 36851873 27819908 0 351923 5275964 5275964 635199 635199 14918166 11740599 3127567 50000 936017 711431 224586 1445911 1141895 304016 1071840 814664 257176 38729 38729 2101048 1858127 125977 116944 180635 39553 141082 1119301 845519 227908 45874 201367 9159 192208 799065 780463 18602 206054 194236 11818 258396 175045 77952 5399 55808 208 54203 1397 2275465 2187870 87595 180011 180011 ENTERTAINMENT/SPECIAL E 141163 43427 29215 68521 783200 564995 210931 7274 32623339 26563166 5752946 307227 12319901 8732076 102110 102471 5851950 5992544 500358 504853 49314 40352 522772 363262 81392086 37879176 34667024 43512910 155125 157171 184942 181313 54353496 59586952 2516921 2983195 2383741 2076128 241931 1078659 5142593 6137982 X 48940748 53190549 270155 258421 49210903 53448970 54353496 59586952 4228534 9533 0 X X 0 1 X 1 0 X 70129430 2583539 6791767 3374936 1720 76128080 63992239 359432 9104627 3319268 7600 70129430 66689633 684501 -335824 3037871 8200 63992239 65773729 572969 3028194 2678759 6500 66689633 54377897 3871509 10321116 2789093 7700 65773729 0.36400 0.19870 0.43730 0 1 1 5673565 5673565 43400477 25494096 17906381 8932496 2320664 6611832 10776413 9353001 1423412 12609135 711415 11897720 43512910 AGENCY FUNDS 82132 DUE TO RELATED PARTY 207000 CAPITAL LEASE OBLIGATION 375899 DEFERRED COMPENSATION 413628 1078659 34074771 9533 9533 34065238 2786635 2786635 36851873 29836704 505949 505949 29330755 3292584 3292584 32623339 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 3,292,584. AUXILIARY EXPENSES -255,162. FUNDRAISING EVENT EXPENSES -250,787. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 255,162. FUNDRAISING EVENT EXPENSES 250,787. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,292,584. 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 280132 20500 259632 25864 18928 ICE BALL 417130 87350 329780 76268 18855 155664 697262 107850 589412 25864 95196 18855 155664 295579 293833 1 FINANCIAL AID 224 2701378 TUITION REMISSION 122 1983380 MERIT SCHOLARSHIPS 45 591206 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 363906 0 43957 0 51732 0 18900 0 23215 0 501710 0 0 0 STUART CUSHMAN HEAD OF UPPER SCHOOL 122612 0 1579 0 545 0 8583 0 35066 0 168385 0 0 0 GREGORY BACH ASSISTANT HEAD OF SCHOOL 175767 0 7363 0 1183 0 12250 0 17632 0 214195 0 0 0 PAMELA NOSBUSCH HEAD OF MIDDLE SCHOOL 132315 0 1579 0 440 0 9678 0 18432 0 162444 0 0 0 PATRICK TEVLIN CHIEF ADVANCEMENT OFFICER 151031 0 1579 0 737 0 11013 0 81693 0 246053 0 0 0 MICHAEL TAUSCHER HEAD OF LOWER LEVEL 112669 0 1579 0 417 0 8348 0 53425 0 176438 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 36 405257 SELLING PRICE 0 1 1 PART I, LINE 32B: BROKERS ARE USED TO SELL STOCKS RECEIVED. 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 FROM THE PRIOR YEAR. 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 0 0 0 UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC C 3008200 COST