2013-11-14T11:59:36-06:00 2013-06-30 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR ROAD SUITE 302 MILWAUKEE WI 532263255 990 2012-07-01 391590212 PARTNERS ADVANCING VALUES IN EDUCATION INC PART 4142632970 135 W WELLS ST NO 850 MILWAUKEE WI 53203 DAN MCKINLEY 4142632970 2013-11-06 1 PATRICK HOFFERT P00979243 4142717800 2012 2016-02-24 21:20:13Z PAVE DAN MCKINLEY 135 W WELLS ST NO 850 MILWAUKEE WI 53203 12464238 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 7 60 0 0 1285737 1152860 155823 82602 80928 80465 0 0 1522488 1315927 900645 795294 0 0 357846 523671 0 0 27820 147283 285764 1405774 1604729 116714 -288802 13283786 13122011 64609 182036 13219177 12939975 X PAVE IS AN INDEPENDENT NON-PROFIT CHARITY THAT MAKES EXCELLENT EDUCATIONAL OPPORTUNITIES POSSIBLE FOR MILWAUKEE FAMILIES THROUGH SCHOLARSHIP SUPPORT FOR LOW-INCOME FAMILIES, LEADERSHIP SUPPORT FOR URBAN SCHOOL LEADERS, THE FOSTERING AND LEVERAGING OF DIVERSE PARTNERSHIP AND CAPITAL IMPROVEMENTS AND PROGRAM DEVELOPMENT THAT INCREASE THE CAPACITY OF URBAN SCHOOLS TO EDUCATE MORE LOW INCOME STUDENTS SUCCESSFULLY. 1 0 126000 126000 PROVIDED TUITION SCHOLARSHIP ASSISTANCE FOR LOW-INCOME STUDENTS FROM THE CITY OF MILWAUKEE THAT ARE INELIGIBLE FOR THE MILWAUKEE PARENTAL CHOICE PROGRAM. SCHOLARSHIP ASSISTANCE IS PROVIDED IN A LUMP SUM TO THE INDIVIDUAL SCHOOLS WHO ARE IN TURN RESPONSIBLE FOR AWARDING ASSISTANCE TO STUDENTS BASED ON MEETING THE ELIGIBILITY REQUIREMENTS. SINCE ITS INCEPTION IN 1992, THE PROGRAM HAS PROVIDED OVER $27 MILLION IN SCHOLARSHIP TO OVER 17,000 LOW-INCOME FAMILIES. 870917 669294 82602 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 IS ALSO CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION AND IN THIS CAPACITY PROVIDES LOANS AND ACCESS TO CAPITAL FOR SCHOOLS THAT PLAN TO EXPAND HIGH QUALITY EDUCATIONAL OPPORTUNITIES. 204220 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. 1201137 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 0 0 0 0 0 0 0 0 0 1 5 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 15 15 1 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 1.00 X 0 0 0 JAMES FRIEDMAN 1.00 X 0 0 0 GENEVA JOHNSON 1.00 X 0 0 0 JON LANGENFELD 1.00 X 0 0 0 MICHAEL MAHONEY 1.00 X 0 0 0 JOHN MCVICKER 1.00 X 0 0 0 RICHARD L SCHMIDT 1.00 X 0 0 0 DR EILEEN SCHWALBACH 1.00 X 0 0 0 JOHN J STOLLENWERK 1.00 X 0 0 0 CHRIS GOLLER 1.00 X 0 0 0 MARK BLUTSTEIN 1.00 X 0 0 0 DANIEL MCKINLEY 50.00 X 158625 0 26950 JOHN GROGAN 1.00 X 0 0 0 TIMOTHY HANLEY 1.00 X 0 0 0 MICHELLE MASON 1.00 X 0 0 0 CORY L NETTLES 1.00 X 0 0 0 KRISTINE A RAPPE 1.00 X 0 0 0 158625 0 26950 1 0 1 0 0 1152860 1152860 INTEREST - CDFI LOAN 611710 82602 82602 82602 103576 103576 11125200 11148311 -23111 -23111 -23111 1315927 82602 0 80465 795294 795294 185575 40076 145499 274612 150927 96396 27289 6085 2597 3488 24850 16325 8525 32549 13913 18636 12500 12500 77159 33338 43821 29531 29531 60608 47090 13518 4059 4059 37677 37677 9529 9529 9064 6145 2919 4892 4892 4164 4164 URBAN SCHOOL LEADERSHIP 23181 23181 RELATED TO CAPITAL INVE 12869 12869 FUNDRAISING EXPENSE 531 531 OVERHEAD ALLOCATION 0 59382 -59382 1604729 1201137 375772 27820 5350 12551 5312206 5372157 282648 243693 7814 5015 3910204 2755681 9865 14306 32578 16056 19487 16522 3733426 4699300 2786 2786 13283786 13122011 49609 63536 15000 118500 64609 182036 X 2447846 2436844 10771331 10503131 13219177 12939975 13283786 13122011 X -288802 -28338 37938 X X 0 1 X 1 0 X 1385851 1498610 1213662 1285737 1152860 6536720 1385851 1498610 1213662 1285737 1152860 6536720 3634271 2902449 103360 64893 64209 80928 80465 393855 500 500 6931075 865618 0.41880 0.48980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1926 64 1862 30652 15992 14660 16522 X 1336028 10501 9600 20101 1315927 0 1315927 1615230 10501 10501 1604729 0 1604729 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2010. THE ORGANIZATION IS NO LONGER SUBJECT TO WISCONSIN INCOME TAX EXAMINATIONS FOR YEARS ENDING THROUGH JUNE 30, 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: CDFI PRESENT VALUE ALLOWANCE 37,938. UNREALIZED GAIN(LOSS) ON INVESTMENTS -28,338. 0 WISCONSIN LUTHERAN HIGH SCHOOL 330 N GLENVIEW AVE MILWAUKEE WI 53213 390888758 501(C)(3) 150000 FMV - CASH SUMMER PROGRAMMING GRANTS & SCHOOL QUALITY INITIATIVE GRANTS MESSMER HIGH SCHOOL 742 W CAPITOL DR MILWAUKEE WI 53206 391482053 501(C)(3) 259075 FMV - CASH CAPITAL INVESTMENT GRANTS DOMINICAN HIGH SCHOOL 120 E SILVER SPRING DR WHITEFISH BAY WI 53217 390914630 501(C)(3) 65000 FMV - CASH STUDENT EDUCATION SCHOLARSHIPS & STRATEGIC/BUSINESS GRANT HERITAGE CHRISTIAN SCHOOL 1300 S 109TH ST WEST ALLIS WI 53214 391255868 501(C)(3) 10000 FMV - CASH STUDENT EDUCATION SCHOLARSHIPS ST THOMAS MORE HIGH SCHOOL 2601 E MORGAN MILWAUKEE WI 53207 391163083 501(C)(3) 40000 FMV - CASH STUDENT EDUCATION SCHOLARSHIPS MARTIN LUTHER HIGH SCHOOL 5201 S 76TH ST GREENDALE WI 53129 390889672 501(C)(3) 20000 FMV - CASH STUDENT EDUCATION SCHOLARSHIPS ST MARCUS LUTHERAN SCHOOL 2215 N PALMER ST MILWAUKEE WI 53212 390850377 501(C)(3) 18500 FMV - CASH SCHOOL QUALITY INITIATIVE GRANTS & SUMMER PROGRAM SUPPORT UNITED COMMUNITY CENTER BRUCE GUADALUPE COMMUNITY SCHOOL 920 S 9TH ST MILWAUKEE WI 53204 391146191 501(C)(3) 50000 FMV - CASH CAPTIAL INVESTMENT GRANTS LUTHER SPECIAL SCHOOL 9700 W GRANTOSA AVE MILWAUKEE WI 53222 391557379 501(C)(3) 6000 FMV - CASH STUDENT EDUCATION SCHOLARSHIPS KINGS ACADEMY CHRISTIAN SCHOOL INC 7798 N 60TH STREET MILWAUKEE WI 53223 391080976 501(C)(3) 8061 FMV - CASH SCHOOL QUALITY INTITIATIVE GRANTS CEO LEADERSHIP ACADEMY 2004 N 33RD ST MILWAUKEE WI 53208 300322248 501(C)(3) 27122 FMV - CASH SCHOOL QUALITY INITIATIVE GRANT NATIVITY SCHOOL 1515 S 29TH ST MILWAUKEE WI 53215 391741141 501(C)(3) 6750 FMV - CASH SCHOOL QUALITY INITIATIVE GRANT 12 X X X 0 0 0 0 0 0 0 0 0 DANIEL MCKINLEY 158625 0 0 0 0 0 4714 0 22236 0 185575 0 0 0 JAMES FRIEDMAN MEMBER OF THE BOARD OF DIRECTORS JAMES FRIEDMAN IS A MEMBER OF THE BOARD OF DIRECTORS AND A PARTNER WITH QUARLES & BRADY, LLP, A LEGAL FIRM THAT PROVIDES PRO-BONO LEGAL SERVICES TO THE ORGANIZATION. THE IN-KIND VALUE OF THE SERVICES PROVIDED WAS $10,501. 0 REV JOHN MCVICKERS MEMBER OF THE BOARD OF DIRECTORS 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. IN MANAGEMENT'S OPINION, ALL TRANSACTIONS WERE MADE ON AN ARM'S-LENGTH-BASIS. AS OF JUNE 30, 2013, THE BALANCE ON THE LOAN RECEIVABLE WAS $165,025. DUE TO THE MISAPPLICATION OF A PAYMENT, EXCESS INTEREST REVENUE OF $22,246 WAS REPAID DURING THE YEAR ENDED JUNE 30, 2013. 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 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. FORM 990, PART VI, SECTION A, LINE 2 1 - PRESIDENT/CEO SITS ON THE BOARD OF DIRECTORS OF A CHARITABLE ORGANIZATION CONTROLLED BY ONE OF THE DIRECTORS. 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. 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 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CDFI PRESENT VALUE ALLOWANCE 37,938. 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.