2017-03-08T11:52:34-06:00 2016-06-30 390758449 Wipfli LLP 10000 Innovation Drive Suite 250 Milwaukee WI 532264837 990 2015-07-01 396076442 The University School of Milwaukee Corporation UNIV 4143526000 2100 W Fairy Chasm Road Milwaukee WI 53217 Steve Geimer Treasurer 4143526000 2017-02-24 1 Melissa Torgerson P00637070 4144319300 2017-02-24 2015 2021-01-29 14:40:06Z Stephen Geimer 2100 W Fairy Chasm Road Milwaukee WI 53217 32932459 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." 25 25 477 200 0 0 4349620 7068095 24789461 25275537 61438 14689 309701 253658 29510220 32611979 4023531 4464243 0 0 16554511 17421273 0 0 330412 7724831 7863419 28302873 29748935 1207347 2863044 42721720 45390219 4091777 3995608 38629943 41394611 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 23628627 4464243 25275537 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 four straight years, with two years of record enrollment in that time. With plans for capital improvements and increases to the endowment over the next five years, the School is in a great position for future program enhancements and growth. 23628627 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 45 0 1 477 1 0 0 0 0 0 0 0 0 0 0 X 25 25 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 X Ms Melanie Booth Member 1.00 X 0 0 0 Ms Deanna Doerr Member 1.00 X 0 0 0 Mr R David Fritz Member 1.00 X 0 0 0 Mr Michael M Grebe Member 1.00 X 0 0 0 Mr Stephen Guy Member 1.00 X 0 0 0 Dr Patricia Hoben Member 1.00 X 0 0 0 Mr Jon Hopkins Member 1.00 X 0 0 0 Mrs Karen Huffman Member 1.00 X 0 0 0 Mrs Patricia Juranitch Member 1.00 X 0 0 0 Mrs Sangeeta Khanna Member 1.00 X 0 0 0 Mrs Tamora Martin Member 1.00 X 0 0 0 Mr Charles Mellowes Member 1.00 X 0 0 0 Mrs Linda Mutschler Member 1.00 X 0 0 0 Mrs Catherine Robinson Member 1.00 X 0 0 0 Mr Gregory Smith Member 1.00 X 0 0 0 Mr Frederick P Stratton III Member 1.00 1.00 X 0 0 0 Mr Erskine Tucker Jr Member 1.00 X 0 0 0 Ms Edie Turnbull Member 1.00 X 0 0 0 Mrs Karin Werner Member 1.00 X 0 0 0 Mr Michael C Williams Member 1.00 X 0 0 0 Ms Sarah Zimmerman Member 1.00 X 0 0 0 Mr Richard Seesel President 5.00 1.00 X X 0 0 0 Mr Andrew Petzold Vice President 5.00 X X 0 0 0 Mrs Marina Rosenberg Secretary 5.00 X X 0 0 0 Mr Stephen F Geimer Treasurer 5.00 X X 0 0 0 Ms Laura Fuller Head of School 40.00 1.00 X 405774 0 42021 Mr Stuart Cushman Head of Upper School 40.00 X 115802 0 7505 Mr Gregory Bach Assistant Head of School 40.00 X 143838 0 33966 Ms Pamela Nosbusch Head of Middle School 40.00 X 122834 0 30185 MS Janell Schmidt Director of Finance 40.00 1.00 X 108964 0 17326 897212 0 131003 5 0 1 0 FLIK 2400 Yorkmont Road Charlottesville NC 28217 Food Services 1101561 QPS Employment Group Inc PO Box 446 Brookfield WI 53008 custodial services 268877 Titan Building Company Inc 2445 S 179th St Ste A New Berlin WI 53146 Construction Services 153414 Munson Inc 6757 N Sidney Pl Glendale WI 53209 Construction Services 148323 Worldstrides 590 Peter Jefferson Pkwy Ste 300 Charlottesville NC 22911 Travel Services 146426 6 20850 2916100 4131145 389769 7068095 Tuition & Fees 611600 23775977 23775977 auxiliary Educational Programs 611710 813236 813236 auxiliary Enterprises 611710 649549 649549 Student Activities 611710 36775 36775 25275537 4938 4938 15000 5249 9751 9751 9751 214856 20850 73793 141063 141063 14249 4653 9596 9596 263370 236785 26585 26585 Bad Debt Recovery 900099 76414 76414 76414 32611979 25275537 0 268347 4464243 4464243 574085 574085 13034199 10071715 2962484 854894 570883 257069 26942 2958095 2014992 848007 95096 22520 22520 2068791 1874952 65218 128621 230753 49466 181287 1115796 795022 283280 37494 202331 10036 192295 775230 758444 16786 144458 125196 19262 160025 118274 41751 42162 87 42075 2194858 2071028 123830 173036 173036 Entertainment/Special E 91872 27935 29472 34465 641587 503318 130475 7794 29748935 23628627 5789896 330412 5258022 7119613 78839 78864 1113237 2586530 342423 465023 110162 69049 567483 463115 67823330 33568072 34876953 34255258 81394 65615 58897 77731 234310 209421 42721720 45390219 2078603 2273897 1814176 1698797 198998 22914 4091777 3995608 X 38351917 41089739 278026 304872 38629943 41394611 42721720 45390219 X 2863044 -355 -98021 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66689633 684501 -335824 3037871 8200 63992239 65773729 572969 3028194 2678759 6500 66689633 54377897 3871509 10321116 2789093 7700 65773729 48233414 1023505 7724586 2597058 6550 54377897 47415156 2930986 641405 2748308 5825 48233414 0.35160 0.22510 0.42330 0 1 1 5521930 5521930 43400477 22690070 20710407 7649553 1731172 5918381 9779407 8541859 1237548 1471963 604971 866992 34255258 Agency Funds 22914 22914 29857084 -355 138764 138409 29718675 2893304 2893304 32611979 27092416 160371 160371 26932045 2816890 2816890 29748935 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 2d - Other Adjustments: Auxiliary Expenses 236,785. Net Change in the Future Value of Pledges Receivable -98,021. Part XI, Line 4b - Other Adjustments: Financial Aid 2,816,890. Recovery of Bad Debts 76,414. Part XII, Line 2d - Other Adjustments: Auxiliary Expenses 236,785. Recovery of Bad Debts -76,414. Part XII, Line 4b - Other Adjustments: Financial Aid 2,816,890. 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. X X X X X X HOLIDAY SHOPS 235706 20850 214856 23663 50130 235706 20850 214856 23663 50130 73793 141063 1 Financial Aid 231 2444260 Tuition Remission 109 1647353 Merit Scholarships 34 372630 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 Ms Laura Fuller Head of School 322242 0 32500 0 51032 0 17225 0 24796 0 447795 0 0 0 Mr Gregory Bach Assistant Head of School 143562 0 0 0 276 0 9770 0 24196 0 177804 0 0 0 Ms Pamela Nosbusch Head of Middle School 122834 0 0 0 0 0 8459 0 21726 0 153019 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. X 35 389769 selling price 0 1 1 Part I, Line 32b: Brokers are used to sell stocks received. Form 990, Part VI, Section B, line 11 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 53 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. Form 990, Part XI, line 9: Net Change in the Future Value of Pledges Receivable -98,021. 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 11a, 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 2916100 Cost University School of Milwaukee Endowment Fund Inc P 26757 Cost