2015-02-11T13:34:50-06:00 2014-06-30 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR RD SUITE 302 MILWAUKEE WI 532263255 990 2013-07-01 391590212 PARTNERS ADVANCING VALUES IN EDUCATION PART 4142632970 135 W WELLS ST NO 850 MILWAUKEE WI 53203 DAN MCKINLEY PRESIDENT 4142632970 2015-02-04 1 PATRICK HOFFERT P00979243 4142717800 2013 2016-03-07 17:11:31Z PAVE DAN MCKINLEY 135 W WELLS ST NO 850 MILWAUKEE WI 53203 4712654 0 X WWW.PAVE.ORG X 1992 WI PAVE IS AN INDEPENDENT NON-PROFIT CHARITY THAT MAKES EXCELLENT EDUCATIONAL OPPORTUNITIES POSSIBLE FOR MILWAUKEE FAMILIES. PAVE'S PRIMARY GOAL IS TO INCREASE THE NUMBER OF SCHOOLS THAT CAN ACHIEVE EXCELLENCE IN EDUCATING CHILDREN FROM LOW-INCOME FAMILIES IN MILWAUKEE BY WORKING WITH SCHOOLS IN FOUR CRITICAL AREAS: GOVERNANCE AND LEADERSHIP; FINANCIAL OPERATIONS; INFRASTRUCTURE WHICH MEASURES AND SUPPORTS ACADEMIC EXCELLENCE; AND STRATEGIC PARTNERSHIPS WITH PARENTS AND THE COMMUNITY. 15 15 8 60 0 0 1152860 1336370 82602 112405 80465 106018 0 0 1315927 1554793 795294 693498 0 0 523671 672839 0 0 56920 285764 303082 1604729 1669419 -288802 -114626 13122011 13450089 182036 119792 12939975 13330297 X PAVE IS AN INDEPENDENT NON-PROFIT CHARITY THAT MAKES EXCELLENT EDUCATIONAL OPPORTUNITIES POSSIBLE FOR MILWAUKEE FAMILIES. PAVE'S PRIMARY GOAL IS TO INCREASE THE NUMBER OF SCHOOLS THAT CAN ACHIEVE EXCELLENCE IN EDUCATING CHILDREN FROM LOW-INCOME FAMILIES IN MILWAUKEE BY WORKING WITH SCHOOLS IN FOUR CRITICAL AREAS: GOVERNANCE AND LEADERSHIP; FINANCIAL OPERATIONS; INFRASTRUCTURE WHICH MEASURES AND SUPPORTS ACADEMIC EXCELLENCE; AND STRATEGIC PARTNERSHIPS WITH PARENTS AND THE COMMUNITY. 0 1 992832 693498 112405 EXPANDED THE NUMBER OF SCHOOLS IN THE CITY OF MILWAUKEE THAT CAN ACHIEVE EXCELLENCE IN FOUR CRITICAL AREAS - GOVERNANCE AND LEADERSHIP, FINANCIAL OPERATIONS, INFRASTRUCTURE THAT MEASURES AND SUPPORTS ACADEMIC EXCELLENCE AND STRATEGIC PARTNERSHIPS. THIS IS DONE BY PROVIDING STRATEGIC GRANTS AND DIRECT CONSULTING SUPPORT TO OUR PARTNER SCHOOLS AS WELL AS THE RECRUITMENT, TRAINING AND PLACEMENT OF COMMUNITY MEMBERS ON THE GOVERNING BOARDS OF OUR PARTNER SCHOOLS. PAVE PROVIDES LOANS AND ACCESS TO CAPITAL FOR SCHOOLS THAT PLAN TO EXPAND HIGH QUALITY EDUCATIONAL OPPORTUNITIES. 275002 PAVE'S BOARD CORPS PROGRAM RECRUITS AREA PROFESSIONALS WHO WANT TO HELP IMPROVE EDUCATIONAL OPPORTUNITIES IN MILWAUKEE BY SERVING ON THE BOARDS OF HIGH-POTENTIAL, INDEPENDENT SCHOOLS. BOARD CORPS MEMBERS RECEIVE THE BEST-IN-CLASS TRAINING FOR SCHOOL GOVERNANCE. PAVE THEN MATCHES BOARD CORPS CANDIDATES WITH A SCHOOL AND BOARD THAT FITS THEIR PARTICULAR SKILLS AND INTERESTS. 1267834 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 5 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X X X MARGARET A BURNS 4142632970 135 W WELLS ST SUITE 850 MILWAUKEE WI 53203 DR KATHLEEN CEPELKA DIRECTOR 1.00 X 0 0 0 JAMES FRIEDMAN DIRECTOR 1.00 X 0 0 0 JOHN GROGAN DIRECTOR/TREASURER 1.00 X X 0 0 0 TIMOTHY HANLEY DIRECTOR/ CHAIR 1.00 X X 0 0 0 JON LANGENFELD DIRECTOR 1.00 X 0 0 0 JOHN MCVICKER DIRECTOR 1.00 X 0 0 0 RICHARD L SCHMIDT DIRECTOR 1.00 X 0 0 0 DR EILEEN SCHWALBACH DIRECTOR 1.00 X 0 0 0 CHRIS GOLLER DIRECTOR 1.00 X 0 0 0 CRISTY GARCIA THOMAS DIRECTOR 1.00 X 0 0 0 JOAN SHAFER DIRECTOR 1.00 X 0 0 0 TIMOTHY SHEEHY DIRECTOR/ ADVISORY 1.00 X 0 0 0 MARK BLUTSTEIN DIRECTOR 1.00 X 0 0 0 CORY L NETTLES DIRECTOR/VICE CHAIR 1.00 X 0 0 0 DANIEL MCKINLEY PRESIDENT/CEO 50.00 X 161398 0 28436 161398 0 28436 1 0 1 0 0 1336370 1336370 INTEREST 611710 112405 112405 112405 168539 168539 3095340 3157861 -62521 -62521 -62521 1554793 112405 0 106018 693498 693498 189834 60284 115101 14449 365621 221357 111532 32732 14346 7479 6867 59953 39361 20592 43085 22463 20622 12800 12800 29873 29873 73354 62371 10983 48805 48805 31061 23054 8007 4628 4628 40447 40447 12981 12981 16029 13432 2597 4653 4653 4473 4473 RELATED TO CAPITAL INVE 13638 13638 FUNDRAISING EXPENSE 9739 9739 OVERHEAD ALLOCATION 0 110897 -110897 601 601 1669419 1267834 344665 56920 12551 13102 5372157 4462883 243693 254402 5015 1971 2755681 2262308 14306 18484 32577 20711 16522 11866 4699300 6422287 2786 2786 13122011 13450089 63536 82292 118500 37500 182036 119792 X 2436844 3185327 10503131 10144970 12939975 13330297 13122011 13450089 X -114626 536458 -31510 X X 0 1 X 1 0 X 1498610 1213662 1285737 1152860 1336370 6487239 1498610 1213662 1285737 1152860 1336370 6487239 3595590 2891649 64893 64209 80928 80465 106018 396513 500 500 6884252 768582 0.42000 0.41880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1925 128 1797 30652 20583 10069 11866 X 2085615 25874 504948 530822 1554793 0 1554793 1695293 25874 25874 1669419 0 1669419 PART X, LINE 2: PAVE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED EXEMPT FUNCTION INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNIZING, INTEREST, PENALTIES AND DISCLOSURE REQUIRED. MANAGEMENT OF THE ORGANIZATION EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS FOR YEARS ENDING THROUGH JUNE 30, 2011. THE ORGANIZATION IS NO LONGER SUBJECT TO WISCONSIN INCOME TAX EXAMINATIONS FOR YEARS ENDING THROUGH JUNE 30, 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: CDFI PRESENT VALUE ALLOWANCE -31,510. UNREALIZED GAIN(LOSS) ON INVESTMENTS 536,458. 1 WISCONSIN LUTHERAN HIGH SCHOOL 330 N GLENVIEW AVE MILWAUKEE WI 53213 390888758 501(C)(3) 250000 FMV - CASH CHALLENGE GRANT & SCHOOL QUALITY INITIATIVE GRANTS MESSMER HIGH SCHOOL 742 W CAPITOL DR MILWAUKEE WI 53206 391482053 501(C)(3) 260875 FMV - CASH SCHOOL QUALITY GRANT & CAPITAL INVESTMENT GRANTS DOMINICAN HIGH SCHOOL 120 E SILVER SPRING DR WHITEFISH BAY WI 53217 390914630 501(C)(3) 22500 FMV - CASH SCHOOL QUALITY GRANT ST THOMAS MORE HIGH SCHOOL 2601 E MORGAN MILWAUKEE WI 53207 391163083 501(C)(3) 36732 FMV - CASH SCHOOL QUALITY GRANT UNITED COMMUNITY CENTER BRUCE GUADALUPE COMMUNITY SCHOOL 920 S 9TH ST MILWAUKEE WI 53204 391146191 501(C)(3) 50000 FMV - CASH CAPTIAL INVESTMENT GRANTS KINGS ACADEMY CHRISTIAN SCHOOL INC 7798 N 60TH STREET MILWAUKEE WI 53223 391080976 501(C)(3) 5985 FMV - CASH SCHOOL QUALITY INTITIATIVE GRANTS MILWAUKEE ACADEMY OF SCIENCE 2000 W KILBOURN AVE MILWAUKEE WI 53233 391974865 501(C)(3) 50000 CHALLENGE GRANT 12 PART I, LINE 2: PAVE ENSURES THAT GRANT RECIPIENTS GO THROUGH A VETTING PROCESS THAT BEGINS WITH A SELF-ASSESSMENT BY THE SCHOOL IN FOUR SIGNIFICANT AREAS: GOVERNANCE, FINANCIAL OVERSIGHT, ACADEMIC ACHIEVEMENT OVERSIGHT AND PARTNERSHIP INVOLVEMENT. THIS INFORMATION IS THEN REVIEWED BY PAVE STAFF AND A SUBSEQUENT MEETING IS HELD WITH THE SCHOOLS BOARD OF DIRECTORS AND ITS HEAD OF SCHOOL. AT THAT TIME, AREAS FOR ASSISTANCE ARE IDENTIFIED. PAVE STAFF PREPARES A GRANT AUTHORIZATION FORM BASED ON THIS CONVERSATION AND IT IS APPROVED BY PAVES PRESIDENT. GRANT DOLLARS ARE DISBURSED BASED ON PROOF OF EXPENDITURE. SCHOOLS CONTINUE TO PARTICIPATE IN THE SELF-ASSESSMENT PROCESS WHERE THE EFFECTIVENESS OF THE GRANT IS MEASURED. X X X 0 0 0 0 0 0 0 0 0 DANIEL MCKINLEY PRESIDENT/CEO 161398 0 0 0 0 0 4592 0 23844 0 189834 0 0 0 REV JOHN MCVICKERS FOUNDER OF SCHOOL- NO DIRECT MANAGEMENT RESPONSIBILITY PAVE HAS A LOAN OUTSTANDING FROM A CITY OF MILWAUKEE SCHOOL WHOSE FOUNDER, REV. JOHN MCVICKERS IS ALSO A MEMBER OF PAVE'S BOARD OF DIRECTORS. REV. JOHN MCVICKERS HAS NO MANAGEMENT RESPONSIBILITY OF THE SCHOOL. IN MANAGEMENT'S OPINION, ALL TRANSACTIONS WERE MADE ON AN ARM'S-LENGTH-BASIS. AS OF JUNE 30, 2014, THE BALANCE ON THE LOAN RECEIVABLE WAS $159,569. 0 X LEGAL SERVICE 1 0 FMV 0 0 0 PART I, LINE 33: IN KIND DONATION OF LEGAL SERVICE. DID NOT INCLUDE REVENUE OR EXPENDITURES ON THE 990 FORM 990, PART III, LINE 3 PAVE HAS DISCONTINUED IT'S SCHOLARSHIP SUPPORT TO PRIVATE SCHOOLS BECAUSE OF THE DECLINING NEED AND A CHANGE IN FOCUS TO IMPROVING WHOLE SCHOOL SYSTEMS INSTEAD OF INDIVIDUAL STUDENTS. FORM 990, PART VI, SECTION B, LINE 11 11 - THE 990 FOR THE ORGANIZATION IS COMPLETED IN CONJUNCTION WITH THE ORGANIZATION'S EXTERNAL AUDITORS. INFORMATION IS PROVIDED BY THE DIRECTOR OF FINANCE AND THE COMPLETED RETURN IS REVIEWED BY THE DIRECTOR OF FINANCE & PRESIDENT/CEO. A DRAFT OF THE 990 IS ALSO SENT TO ALL BOARD MEMBERS FOR THEIR REVIEW WITH A SPECIAL EMPHASIS ON THE REVIEW OF THE FINANCE COMMITTEE AND BOARD OFFICERS. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR REQUESTING AND MONITORING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND DISCLOSURES FOR THE MEMBERS OF THE BOARD. THEY GATHER COMPARABLE COMPENSATION DATA, SET GOALS AND MAKE A COMPENSATION RECOMMENDATION TO THE BOARD. THE PRESIDENT/CEO IS RESPONSIBLE FOR REQUESTING AND MONITORING COMPLIANCE WITH EMPLOYEE DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE SERVES AS THE INITIAL COMPENSATION REVIEW COMMITTEE FOR THE PRESIDENT/CEO SALARY. THIS COMMITTEE REVIEWS COMPARABLE DATA DEVELOPED BY THE DIRECTOR OF FINANCE FOR SIMILAR ORGANIZATIONS. THE FINANCE COMMITTEE THEN RECOMMENDS A RANGE OF COMPENSATION TO THE FULL BOARD. THE FULL BOARD THROUGH THE GOVERNANCE COMMITTEE ESTABLISHES GOALS FOR THE CEO/PRESIDENT AND THEN PARTICIPATES IN THE EVALUATION PROCESS OF ACHIEVEMENT OF GOALS. THIS INFORMATION IS CONSIDERED ALONG WITH OTHER FACTORS IN DETERMINING FINAL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 PUBLIC DISCLOSURE COPIES OF THE 990 ARE AVAILABLE ON PAVE'S WEBSITE, ON OTHER WEBSITES SUCH AS GUIDESTAR.ORG, AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND PUBLISHED ON OUR OWN WEBSITE WWW.PAVE.ORG FORM 990, PART XI, LINE 9: CDFI PRESENT VALUE ALLOWANCE -31,510. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS FOR THE REVIEW OF THE AUDITED FINANCIAL STATEMENTS IN THE CURRENT YEAR.