2011-12-20T15:41:31-06:00 2011-06-30 WIPFLI LLP 10000 INNOVATION DRIVE SUITE 250 MILWAUKEE WI 532264837 990 2010-07-01 396076442 THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION UNIV 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 STEVE GEIMER 4143526000 2011-12-20 1 DAVE GLOBIG 4144319300 2011-12-20 2010 2016-02-24 21:20:13Z STEVE GEIMER 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 25230234 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 26 520 0 0 0 4409937 4089027 19721780 20388719 94878 8354 -57714 161484 24168881 24647584 1831021 1940666 0 0 17295328 17417084 0 0 563456 5518077 6488053 24644426 25845803 -475545 -1198219 41856864 41765748 5836819 6854753 36020045 34910995 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 20419192 1940666 20388719 THE UNIVERSITY SCHOOL OF MILWAUKEE CORP IS A NOT-FOR-PROFIT INDEPENDENT SCHOOL PROVIDING PRE-KINDERGARTEN THROUGH TWELFTH GRADE EDUCATION. UNIVERSITY SCHOOL ENROLLMENT HELD STEADY FOR AUGUST 2010 AT 1,060. 20419192 1 1 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 0 0 0 1 42 0 1 520 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 ALEX CHOU 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 MICHAEL ROTH 5.00 X X 0 0 0 DAVID LUBAR 5.00 X X 0 0 0 GILLIAN STEWART 5.00 X X 0 0 0 ANN REINKE 5.00 X X 0 0 0 STEPHEN GEIMER 5.00 X X 0 0 0 CARLA BARTLETT 1.00 X 0 0 0 DEANNA DOERR 1.00 X 0 0 0 THOMAS FLORSHEIM JR 1.00 X 0 0 0 R DAVID FRITZ 1.00 X 0 0 0 C FREDERICK GEILFUSS II 5.00 X 0 0 0 LANCE JOHNSON 1.00 X 0 0 0 PATRICIA JURANITCH 1.00 X 0 0 0 SANGEETA KHANNA 1.00 X 0 0 0 LAURA LEVERETT 1.00 X 0 0 0 ANDREW PETZOLD 1.00 X 0 0 0 MICHAEL ROOS 1.00 X 0 0 0 MARINA ROSENBERG 1.00 X 0 0 0 WILLIAM SCHUETT JR 1.00 X 0 0 0 MARK SCHUG 1.00 X 0 0 0 RICHARD SEESEL 1.00 X 0 0 0 CHERYL SETER 1.00 X 0 0 0 THOMAS TANNER JR 1.00 X 0 0 0 ROBERT VENABLE 1.00 X 0 0 0 ADAM WIENSCH 1.00 X 0 0 0 LOUIS SCHROEDER III 1.00 X 0 0 0 LEE WIENSCH 1.00 X 0 0 0 ROSEANN LYONS 40.00 X 113688 0 7029 GREGG BACH 40.00 X 109583 0 6941 ALEX CHOU 40.00 X 106982 0 6833 WARD GHORY 40.00 X 300833 0 14700 631086 0 35503 4 0 1 0 UIHLEIN WILSON ARCHITECTS 322 EAST MICHIGAN STREET MILWAUKEE WI 53202 ARCHITECTURAL 160338 LEWIS SOUND & VIDEO PROFESSIONALS 2325 PARKLAWN DRIVE WAUKESHA WI 53186 MULTIMEDIA 148805 2 23462 4065565 4089027 TUITION & FEES 611600 19079312 19079312 AUXILARY EDUCATIONAL P 611600 663093 663093 AUXILARY ENTERPRISES 611600 623640 623640 STUDENT ACTIVITIES 611600 22674 22674 20388719 8354 8354 241439 23462 96960 144479 144479 488032 485690 2342 2342 ANNUITY LIABILITY INCO 611600 14663 14663 14663 24647584 20388719 0 169838 1940666 1940666 12741902 9898513 2595389 248000 4675182 3522002 993241 159939 27968 27968 180661 30472 150189 935741 756402 125592 53747 141267 141267 663402 637705 25697 2345 2345 20384 176 20208 2171652 1831729 339923 135877 135877 STUDENT TRANSPORTATION 480031 480031 FOOD 322758 322758 PROFESSIONAL SERVICES 229270 122305 90791 16174 OUTSIDE SERVICES 149992 124796 25196 ENTERTAINMENT/SPECIAL E 89642 21839 21579 46224 937063 593921 303770 39372 25845803 20419192 4863155 563456 331164 352701 292151 70919 5601739 3813670 277412 243573 31364 32746 221997 236817 60003211 23258839 34864374 36744372 138490 146080 98173 124870 41856864 41765748 3321188 1539026 520386 1574452 3235000 1995245 506275 5836819 6854753 X 33677904 30451518 2342141 4459477 36020045 34910995 41856864 41765748 X -1198219 89169 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41064823 323232 8716245 2682794 6350 47415156 38809222 858957 4153852 2751928 5280 41064823 53116783 126730 -11630100 2797991 6200 38809222 0.19900 0 1 1 3136741 3136741 43400477 15928780 27471697 4601467 529806 4071661 7921131 6047513 1873618 943395 752740 190655 36744372 DEFERRED COMPENSATION 387757 AGENCY FUNDS 118518 506275 24647584 25845803 -1198219 89169 89169 -1109050 23281777 89169 485690 574859 22706918 1940666 1940666 24647584 24390827 485690 485690 23905137 1940666 1940666 25845803 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: THE SCHOOL IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAXES ON RELATED INCOME. IN ORDER TO ACCOUNT FOR ANY UNCERTAIN TAX POSITIONS, ASC TOPIC 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 2011 AND 2010. INCOME TAX RETURNS FOR THE TAX YEARS 2007 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 485,690. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES FINANCIAL AID 1,940,666. PART XIII, LINE 2D - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 485,690. FUNDRAISING EXPENSES PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,940,666. 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 245574 23462 222112 96960 245574 23462 222112 96960 96960 125152 1 FINANCIAL AID 234 1940666 X 1 1 X X X 0 0 0 0 0 0 0 0 0 WARD GHORY 300833 0 0 0 0 0 14700 0 0 0 315533 0 0 0 X 32 174530 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 89,169. 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 TRUST 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT TRUST R 2536300 FAIR MARKET VALUE