2015-04-20T11:51:31-05:00 2014-06-30 390758449 WIPFLI LLP 10000 INNOVATION DRIVE SUITE 250 MILWAUKEE WI 532264837 990 2013-07-01 396076442 THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION UNIV 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 STEVE GEIMER TREASURER 4143526000 2015-03-05 1 DAVE GLOBIG P01356041 4144319300 2015-03-05 2013 2016-02-25 16:41:14Z STEPHEN GEIMER 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 28600932 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." 22 22 522 22 0 0 5197263 4579336 22010016 23494996 1052 189 255956 179684 27464287 28254205 3308715 3511687 0 0 15924318 16361047 0 0 222066 6651658 7745200 25884691 27617934 1579596 636271 41151693 41665210 4437215 4272287 36714478 37392923 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 22061959 3511687 23494996 THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION IS A NOT-FOR-PROFIT INDEPENDENT SCHOOL PROVIDING PRE-KINDERGARTEN THROUGH TWELFTH GRADE EDUCATION. UNIVERSITY SCHOOL ENROLLMENT HAS BEEN INCREASING STEADILY SINCE 2010. 22061959 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 24 0 1 522 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 1 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 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 1.00 X X 0 0 0 MS DANAE DAVIS 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 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 MR CHARLES MELLOWES MEMBER 1.00 X 0 0 0 MRS LINDA MUTSCHLER MEMBER 1.00 X 0 0 0 DR WILLIAM PENNINGTON MEMBER 1.00 X 0 0 0 DR ANTHONY ROSS MEMBER 1.00 X 0 0 0 MR MICHAEL ROTH MEMBER 1.00 X 0 0 0 MR FREDERICK P STRATTON III MEMBER 1.00 X 0 0 0 MR ERSKINE TUCKER JR MEMBER 1.00 1.00 X 0 0 0 MS EDIE TURNBULL MEMBER 1.00 X 0 0 0 MR ADAM WIENSCH MEMBER 1.00 X 0 0 0 MS SARAH ZIMMERMAN MEMBER 1.00 X 0 0 0 MS LAURA FULLER HEAD OF SCHOOL 40.00 1.00 X 296055 0 57283 MR GREGORY BACH ASSISTANT HEAD OF SCHOOL 40.00 X 131064 0 48604 MR CHARLES JOHNS DIRECTOR OF ATHLETICS 40.00 X 108394 0 43115 MS PAMELA NOSBUSCH HEAD OF MIDDLE SCHOOL 40.00 X 111775 0 34874 MS JUDY BLOCH EDUCATOR 40.00 X 104318 0 30848 MS JANELL SCHMIDT DIRECTOR OF FINANCE 40.00 1.00 X 102836 0 14382 854442 0 229106 6 0 1 0 FLIK 2400 YORKMONT ROAD CHARLOTTESVILLE NC 28217 FOOD SERVICES 505710 QPS EMPLOYMENT GROUP INC 822 W HISTORIC MITCHELL ST MILWAUKEE WI 53204 STAFFING SERVICES 210079 CDW GOVERNMENT INC 200 NORTH MILWAUKEE AVENUE VERNON HILLS IL 60061 TECHNOLOGY SERVICES 138703 WORLDSTRIDES 218 WEST WATER STREET CHARLOTTESVILLE VA 22902 EDUCATIONAL TRAVEL 135881 DUQUAINE CONCRETE AND MASONRY 4988 HRON ROAD WEST BEND WI 53095 CONSTRUCTION SERVICES 114583 6 17135 2684500 1877701 79935 4579336 TUITION & FEES 611600 22153370 22153370 AUXILIARY EDUCATIONAL PROGRAMS 611710 788587 788587 AUXILIARY ENTERPRISES 611710 511062 511062 STUDENT ACTIVITIES 611710 41977 41977 23494996 189 189 248226 17135 86381 161845 161845 11088 2669 8419 8419 247077 257677 -10600 -10600 GAIN ON SPLIT INTEREST 900099 20020 20020 20020 28254205 23494996 0 179873 3511687 3511687 1083548 1083548 12037468 9956050 2081418 3240031 2488418 657941 93672 61030 61030 1560988 1390299 151795 18894 215341 32968 182373 995898 679678 251220 65000 247838 15849 231989 895353 878422 16931 203361 190904 4944 7513 196714 151784 43642 1288 34840 9 34831 2133504 1928428 205076 133809 133809 BAD DEBT 248384 248384 0 ENTERTAINMENT/SPECIAL E 88019 33752 25023 29244 730121 669902 53764 6455 27617934 22061959 5333909 222066 815703 2675254 78642 78741 2488016 1712610 304991 452857 66909 92901 252951 360296 65551472 29631927 36792870 35919545 255596 276609 96015 96397 41151693 41665210 1946453 2010179 1777433 1695323 713329 566785 4437215 4272287 X 35401389 36982677 1313089 410246 36714478 37392923 41151693 41665210 636271 42174 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54377897 3871509 10321116 2789093 7700 65773729 48233414 1023505 7724586 2597058 6550 54377897 47415156 2930986 641405 2748308 5825 48233414 41064823 323232 8716245 2682794 6350 47415156 38809222 858957 4153852 2751928 5280 41064823 0.35720 0.20660 0.43620 0 1 1 5509696 5509696 43400477 19877640 23522837 6210542 1164691 5045851 8932031 7737293 1194738 1498726 852303 646423 35919545 AGENCY FUNDS 48966 DUE TO RELATED PARTY 517819 566785 X 26175028 42174 257677 299851 25875177 2379028 2379028 28254205 25496583 257677 257677 25238906 2379028 2379028 27617934 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 X, LINE 2: THE ORGANIZATION RECOGNIZES THE BENEFITS OF A TAX POSITION ONLY AFTER DETERMINING WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE TAX POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECORDED NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS IN 2014 AND 2013. FEDERAL INCOME TAX RETURNS FOR THE TAX YEARS 2011 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 257,677. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,379,028. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 257,677. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,379,028. 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 265361 17135 248226 20794 65587 265361 17135 248226 20794 65587 86381 161845 1 FINANCIAL AID 233 2192264 TUITION REMISSION 62 1132660 MERIT SCHOLARSHIPS 20 186763 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 293511 0 1512 0 1032 0 15570 0 41713 0 353338 0 0 0 MR GREGORY BACH ASSISTANT HEAD OF SCHOOL 129188 0 1643 0 233 0 8340 0 40264 0 179668 0 0 0 MR CHARLES JOHNS DIRECTOR OF ATHLETICS 106276 0 1643 0 475 0 6874 0 36241 0 151509 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. LAURA FULLER KEY EMPLOYEE 17334 TUITION REMISSION X 29 79935 SELLING PRICE 0 0 1 1 PART I, LINE 32B: BROKERS ARE USED TO SELL STOCKS RECEIVED. FORM 990, PART VI, SECTION A, LINE 4 THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION ADOPTED A NEW MISSION STATEMENT DURING THE FISCAL YEAR. 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. UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 396043238 SUPPORT THE UNIVERSITY SCHOOL OF MILWAUKEE WI 501(C)(3) LINE 11A, I THE UNIVERSITY SCHOOL OF MILWAUKEE CORP 1 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 2684500 COST UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC P 517815 COST