2013-02-14T15:16:21-06:00 2012-06-30 390758449 WIPFLI LLP 10000 INNOVATION DRIVE SUITE 250 MILWAUKEE WI 532264837 990 2011-07-01 396076442 THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION UNIV 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 STEVE GEIMER 4143526000 2013-02-14 1 DAVE GLOBIG P01356041 4144319300 2013-02-14 2011 2016-02-25 16:41:14Z STEVE GEIMER 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 27145870 0 X WWW.USMK12.ORG X 1851 WI PROVIDE AN OUTSTANDING COLLEGE-PREPARATORY EDUCATION THAT DEVELOPS STUDENTS' ACADEMIC POTENTIAL, FOSTERS THEIR PERSONAL GROWTH, AND ENCOURAGES THEM TO BE LIFE-LONG LEARNERS; SUPPORT STUDENTS AS THEY BECOME PROGRESSIVELY INDEPENDENT AND GROW INTELLECTUALLY, EMOTIONALLY, ETHICALLY, SOCIALLY, AND PHYSICALLY; CREATE MEANINGFUL OPPORTUNITIES FOR STUDENTS TO ACQUIRE KNOWLEDGE AND SKILLS, PURSUE INTERESTS, AND DEVELOP LEADERSHIP IN ACADEMICS, THE ARTS, ATHLETICS, AND SERVICE; CULTIVATE THE VALUE OF COMMUNITY AMONG STUDENTS, THEIR FAMILIES, ALUMNI, FACULTY, AND STAFF AND INSTILL IN STUDENTS AN APPRECIATION FOR INDIVIDUALS AND THEIR DIVERSITY; AND BUILD A LIFETIME FOUNDATION THAT PREPARES STUDENTS TO MAKE GOOD DECISIONS, CONTRIBUTE TO SOCIETY, AND ENJOY REWARDING LIVES. WITH AN ENGAGING AND HIGHLY-SKILLED FACULTY IN AN EXCEPTIONAL FACILITY, THE SCHOOL REPRESENTS THE BEST IN PREKINDERGARTEN THROUGH TWELFTH GRADE INDEPENDENT EDUCATION. 26 26 541 0 0 0 4112489 5675967 20388719 20699940 8354 1358 138022 232273 24647584 26609538 2672590 2847824 0 0 16685160 17425416 0 0 716757 6488053 6166138 25845803 26439378 -1198219 170160 41765748 40646825 6854753 5531368 34910995 35115457 X PROVIDE AN OUTSTANDING COLLEGE-PREPARATORY EDUCATION THAT DEVELOPS STUDENTS' ACADEMIC POTENTIAL, FOSTERS THEIR PERSONAL GROWTH, AND ENCOURAGES THEM TO BE LIFE-LONG LEARNERS; SUPPORT STUDENTS AS THEY BECOME PROGRESSIVELY INDEPENDENT AND GROW INTELLECTUALLY, EMOTIONALLY, ETHICALLY, SOCIALLY, AND PHYSICALLY; CREATE MEANINGFUL OPPORTUNITIES FOR STUDENTS TO ACQUIRE KNOWLEDGE AND SKILLS, PURSUE INTERESTS, AND DEVELOP LEADERSHIP IN ACADEMICS, THE ARTS, ATHLETICS, AND SERVICE; CULTIVATE THE VALUE OF COMMUNITY AMONG STUDENTS, THEIR FAMILIES, ALUMNI, FACULTY, AND STAFF AND INSTILL IN STUDENTS AN APPRECIATION FOR INDIVIDUALS AND THEIR DIVERSITY; AND BUILD A LIFETIME FOUNDATION THAT PREPARES STUDENTS TO MAKE GOOD DECISIONS, CONTRIBUTE TO SOCIETY, AND ENJOY REWARDING LIVES. WITH AN ENGAGING AND HIGHLY-SKILLED FACULTY IN AN EXCEPTIONAL FACILITY, THE SCHOOL REPRESENTS THE BEST IN PREKINDERGARTEN THROUGH TWELFTH GRADE INDEPENDENT EDUCATION. 0 0 21279559 2847824 20699940 THE UNIVERSITY SCHOOL OF MILWAUKEE CORP IS A NOT-FOR-PROFIT INDEPENDENT SCHOOL PROVIDING PRE-KINDERGARTEN THROUGH TWELFTH GRADE EDUCATION. UNIVERSITY SCHOOL ENROLLMENT FOR AUGUST 2011 AT 1,058. 21279559 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 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 36 0 1 541 1 0 0 0 0 0 0 0 0 0 0 X 26 26 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 MR MICHAEL ROTH 5.00 X X 0 0 0 MR C FREDERICK GEILFUSS II 5.00 X X 0 0 0 MRS GILLIAN STEWART 5.00 X X 0 0 0 MS ANN REINKE 5.00 X X 0 0 0 MR STEPHEN F GEIMER 5.00 X X 0 0 0 MS DANAE DAVIS 1.00 X 0 0 0 MS DEANNA DOERR 1.00 X 0 0 0 MR THOMAS FLORSHEIM JR 1.00 X 0 0 0 MR R DAVID FRITZ 1.00 X 0 0 0 MR JON HOPKINS 1.00 X 0 0 0 MR LANCE JOHNSON 1.00 X 0 0 0 MR ADAM WIENSCH 1.00 X 0 0 0 MRS MARINA ROSENBERG 1.00 X 0 0 0 DR ANTHONY ROSS 1.00 X 0 0 0 MR WILLIAM SCHUETT JR 1.00 X 0 0 0 MR RICHARD SEESEL 1.00 X 0 0 0 MRS CHERYL SETER 1.00 X 0 0 0 MR ERSKINE TUCKER JR 1.00 X 0 0 0 MR ROBERT VENABLE 1.00 X 0 0 0 MR ANDREW PETZOLD 1.00 X 0 0 0 MR MICHAEL ROOS 1.00 X 0 0 0 MR RONN JOHNSON 1.00 X 0 0 0 MRS PATRICIA JURANITCH 1.00 X 0 0 0 MRS SANGEETA KHANNA 1.00 X 0 0 0 MRS LAURA LEVERETT 1.00 X 0 0 0 DR WILLIAM PENNINGTON 1.00 X 0 0 0 MRS KAREN HUFFMAN 1.00 X 0 0 0 MR LOUIS H SCHROEDER III 1.00 X 0 0 0 WARD GHORY 40.00 X 258910 0 14700 ROSEANN LYONS 40.00 X 117542 0 7510 GREGORY BACH 40.00 X 114344 0 37993 ALEX CHOU 40.00 X 110756 0 36355 LAURA FULLER 40.00 X 140576 0 30740 742128 0 127298 5 0 1 0 0 26993 2739509 2909465 166135 5675967 TUITION & FEES 611600 19394489 19394489 AUXILARY ENTERPRISES 611600 695351 695351 AUXILARY EDUCATIONAL P 611600 579389 579389 STUDENT ACTIVITIES 611600 30711 30711 20699940 1358 1358 262887 26993 98973 163914 163914 12584 3327 9257 9257 437760 434032 3728 3728 ANNUITY LIABILITY INCO 611600 55374 55374 55374 26609538 20699940 0 233631 2847824 2847824 869426 869426 12001030 9147076 2537854 316100 4554960 3645661 825343 83956 38110 38110 237756 137171 92972 7613 203880 31183 172697 775361 609486 110490 55385 151885 151885 789512 786504 3008 292594 290908 47 1639 142687 97244 45403 40 43053 93 42960 2113982 1818915 295067 129423 129423 OTHER EXPENSES 884394 534794 112253 237347 FOOD 317704 317704 ENTERTAINMENT/SPECIAL E 45797 16147 14973 14677 26439378 21279559 4443062 716757 352701 540097 70919 71002 3813670 3020612 243573 359205 32746 29864 236817 263441 61383959 25372822 36744372 36011137 146080 151887 124870 199580 41765748 40646825 1539026 2211637 1574452 1635927 3235000 800000 506275 883804 6854753 5531368 X 30451518 30030478 4459477 5084979 34910995 35115457 41765748 40646825 X 170160 34302 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47415156 2930986 641405 2748308 5825 48233414 41064823 323232 8716245 2682794 6350 47415156 38809222 858957 4153852 2751928 5280 41064823 53116783 126730 -11630100 2797991 6200 38809222 0.40160 0.21690 0.38150 0 1 1 3149471 3149471 43400477 17240151 26160326 4838311 645532 4192779 8296016 6686059 1609957 1699684 801080 898604 36011137 DEFERRED COMPENSATION 430991 AGENCY FUNDS 110178 DUE TO RELATED PARTY 342635 883804 26609538 26439378 170160 34302 34302 204462 26024503 34302 1424023 1458325 24566178 2043360 2043360 26609538 25001783 605765 605765 24396018 2043360 2043360 26439378 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE INVESTED FOR THE LONG-TERM, CREATING A PERMANENT SOURCE OF FUNDING FOR ONGOING PRIORITIES, SUCH AS FINANCIAL AID, FACULTY AND STAFF SUPPORT, AND FACILITIES MAINTENANCE. 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN ORDER TO ACCOUNT FOR ANY UNCERTAIN TAX POSITIONS, FASB ASC 740-10, INCOME TAXES, REQUIRES AN ORGANIZATION TO ASSESS 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 2012 AND 2011. INCOME TAX RETURNS FOR THE TAX YEARS 2009 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 434,032. REVENUE FROM OTHER CONSOLIDATED ENTITIES 989,991. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,043,360. PART XIII, LINE 2D - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 434,032. EXPENSES FROM OTHER CONSOLIDATED ENTITIES 171,733. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,043,360. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 STATEMENT OF RACIALLY NON DISCRIMINATORY POLICY IS PUBLISHED IN THE MILWAUKEE JOURNAL SENTINEL. HOLIDAY SHOPS 289880 26993 262887 19023 79950 289880 26993 262887 19023 79950 98973 163914 1 FINANCIAL AID 242 2043360 TUITION REMISSION 64 804464 X X 1 1 X X 1 0 0 0 0 0 0 0 0 WARD GHORY 258910 0 0 0 0 0 14700 0 0 0 273610 0 0 0 GREGORY BACH 114344 0 0 0 0 0 7525 0 30468 0 152337 0 0 0 LAURA FULLER 140576 0 0 0 0 0 14790 0 15950 0 171316 0 0 0 PART I, LINE 1A LAURA FULLER, THE HEAD OF THE SCHOOL, IS REQURIED 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. PART I, LINE 4A WARD GHORY RECEIVED A SEVERACE PAYMENT OF $97,764.30 X 29 166135 SELLING PRICE 0 1 1 THIRD PARTY USE: 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 BOARD AND THE FINANCE COMMITTEE PRIOR TO FILING. 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. FORM 990, PART VI: MRS. KAREN HUFFMAN AND MR. LOUIS H. SCHROEDER III ARE NOT VOTING MEMEBERS OF THE BOARD. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 34,302. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE ISSUES RFP'S AND INTERVIEWS POTENTIAL AUDITORS WHEN SELECTING AN INDEPENDENT ACCOUNT. THE AUDITOR MEETS WITH THE FINANCE COMMITTEE TO REVIEW THE AUDIT AND DISCUSS ANY MANAGEMENT CONCERNS. 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 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND C 2739508 FAIR MARKET VALUE