2012-10-30T10:28:38-05:00 2012-06-30 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR ROAD SUITE 302 MILWAUKEE WI 532263255 990 2011-07-01 391590212 PARTNERS ADVANCING VALUES IN EDUCATION INC PART 4142632970 135 W WELLS ST NO 850 MILWAUKEE WI 53203 DAN MCKINLEY 4142632970 2012-10-22 1 PAT HOFFERT CPA P00036334 4142717800 2012-10-12 2011 2016-02-24 21:20:13Z PAVE DAN MCKINLEY 135 W WELLS ST NO 850 MILWAUKEE WI 53203 1522488 0 X WWW.PAVE.ORG X 1992 WI 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. 15 15 6 0 0 0 1213662 1285737 201566 155823 64209 80928 500 0 1479937 1522488 1036758 900645 0 0 372770 357846 0 0 21402 148973 147283 1558501 1405774 -78564 116714 13148884 13283786 104435 64609 13044449 13219177 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. 0 0 273000 273000 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. 751892 627645 155823 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. 28364 THE URBAN SCHOOL LEADERSHIP PROGRAM IS THE COORDINATED GATHERING OF OUTSTANDING URBAN LEADERS, WHO PARTICIPATE IN EDUCATIONAL ACTIVITIES AND MEETINGS WHERE INFORMATION IS SHARED TO ENHANCE THEIR LEADERSHIP AND ADMINISTRATIVE SKILLS. GRANTS MAY BE MADE TO INDIVIDUAL SCHOOL LEADERS FOR SCHOLARSIHP ASSISTANCE TO RECEIVE CERTIFICATION IN SPECIFIC AREAS OR ATTEND NATIONALLY ACCLAIMED LEADERSHIP PROGRAMS. 1053256 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 0 1 8 0 1 6 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 ANDY FLECKENSTEIN 1.00 X 0 0 0 JAMES FRIEDMAN 1.00 X 0 0 0 JOHN GROGAN 1.00 X 0 0 0 GENEVA JOHNSON 1.00 X 0 0 0 JEROME E LISTECKI 1.00 X 0 0 0 MICHAEL MAHONEY 1.00 X 0 0 0 JOHN MCVICKER 1.00 X 0 0 0 CORY L NETTLES 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 DANIEL MCKINLEY 50.00 X 154126 0 24164 DANIEL GANNON 1.00 X 0 0 0 TIMOTHY HANLEY 1.00 X 0 0 0 MICHELLE MASON 1.00 X 0 0 0 KRISTINE A RAPPE 1.00 X 0 0 0 154126 0 24164 1 0 1 0 0 1285737 1285737 INTEREST - CDFI LOAN 611710 155823 155823 155823 80928 80928 1522488 155823 0 80928 900645 900645 178290 41158 117662 19470 138624 49400 88662 562 3485 1007 2272 206 17972 6599 11526 -153 19475 5628 12698 1149 12200 12200 20458 20458 23649 23649 5981 5981 4428 4428 33492 33492 7547 7547 1484 175 1309 2099 2099 4207 4207 RELATED TO CAPITAL INVE 21237 21237 URBAN SCHOOL LEADERSHIP 9284 9284 FUNDRAISING EXPENSE 168 168 OVERHEAD ALLOCATION 0 18123 -18123 1049 1049 1405774 1053256 331116 21402 3280 5350 7694214 5312206 421870 282648 14716 7814 5002299 3910204 8611 9865 30652 11165 1108 19487 3733426 2786 2786 13148884 13283786 37970 49609 66465 15000 104435 64609 X 2353389 2447846 10691060 10771331 13044449 13219177 13148884 13283786 X 116714 58014 X X 0 1 1 X 0 X 1858079 1385851 1498610 1213662 1285737 7241939 1858079 1385851 1498610 1213662 1285737 7241939 3443955 3797984 198438 103360 64893 64209 80928 511828 500 500 7754267 1019679 0.48980 0.63250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30652 11165 19487 19487 1522488 1405774 116714 -1736 59750 58014 174728 1588948 -1736 8446 59750 66460 1522488 0 1522488 1414220 8446 8446 1405774 0 1405774 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2008. THE ORGANIZATION IS NO LONGER SUBJECT TO WISCONSIN INCOME TAX EXAMINATIONS FOR YEARS ENDING THROUGH JUNE 30, 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: CDFI PRESENT VALUE ALLOWANCE 59,750. PART XII, LINE 2D - OTHER ADJUSTMENTS: CDFI PRESENT VALUE ALLOWANCE 59,750. 0 WISCONSIN LUTHERAN HIGH SCHOOL 330 N GLENVIEW AVE MILWAUKEE WI 53213 390888758 501(C)(3) 122150 FMV - CASH SUMMER PROGRAMMING GRANTS & SCHOOL QUALITY INITIATIVE GRANTS MESSMER HIGH SCHOOL 742 W CAPITOL DR MILWAUKEE WI 53206 391482053 501(C)(3) 250000 FMV - CASH CAPITAL INVESTMENT GRANTS DOMINICAN HIGH SCHOOL 120 E SILVER SPRING DR WHITEFISH BAY WI 53217 390914630 501(C)(3) 122000 FMV - CASH STUDENT EDUCATION SCHOLARSHIPS & STRATEGIC/BUSINESS GRANT HERITAGE CHRISTIAN SCHOOL 1300 S 109TH ST WEST ALLIS WI 53214 391255868 501(C)(3) 21000 FMV - CASH STUDENT EDUCATION SCHOLARSHIPS ST THOMAS MORE HIGH SCHOOL 2601 E MORGAN MILWAUKEE WI 53207 391163083 501(C)(3) 118000 FMV - CASH STUDENT EDUCATION SCHOLARSHIPS MARTIN LUTHER HIGH SCHOOL 5201 S 76TH ST GREENDALE WI 53129 390889672 501(C)(3) 30000 FMV - CASH STUDENT EDUCATION SCHOLARSHIPS ST MARCUS LUTHERAN SCHOOL 2215 N PALMER ST MILWAUKEE WI 53212 390850377 501(C)(3) 31100 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) 12000 FMV - CASH STUDENT EDUCATION SCHOLARSHIPS KINGS ACADEMY CHRISTIAN SCHOOL INC 7798 N 60TH STREET MILWAUKEE WI 53223 391080976 501(C)(3) 17861 FMV - CASH SCHOOL QUALITY INTITIATIVE GRANTS MILWAUKEE COLLEGE PREPARATORY 2449 N 36TH STREET MILWAUKEE WI 53210 391881295 501(C)(3) 100000 FMV - CASH CDFI FUND MATCHING GRANTS CLARA MOHAMMED SCHOOL INC 317 W WRIGHT STREET MILWAUKEE WI 53212 391956214 501(C)(3) 6000 FMV - CASH BOARD CAPACITY DEVELOPMENT NOTRE DAME MIDDLE SCHOOL 1420 W SCOTT STREET MILWAUKEE WI 53204 391850760 501(C)(3) 7500 FMV - CASH SCHOOL QUALITY INITIATIVE GRANTS X X X 0 0 0 0 0 0 0 0 0 DANIEL MCKINLEY 154126 0 0 0 0 0 4714 0 19450 0 178290 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 $8,446. 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, 2012, THE BALANCE ON THE LOAN RECEIVABLE WAS $202,707. INTEREST REVENUE FOR THE YEAR ENDED JUNE 30, 2012 WAS $9,135. 0 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,736. CDFI PRESENT VALUE ALLOWANCE 59,750. TOTAL TO FORM 990, PART XI, LINE 5: 58,014. IF THE ORGANIZATION CHANGED EITHER ITS OVERSIGHT OR SELECTION PROCESS 990 PART XII - LINE 2C NO CHANGE FROM PRIOR YEAR.