2026-04-24T11:13:20-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2024-07-01 390477970 MILWAUKEE SCHOOL OF ENGINEERING MILW 4142777300 1025 NORTH BROADWAY STREET MILWAUKEE WI 53202 PAUL MATSON VP OF FINANCE & CFO 4142777126 2026-04-24 1 0 BRIDGET ROCHE P00666837 3128560200 2024 2025-03-06 01:10:19Z DR ERIC T BAUMGARTNER 1025 NORTH BROADWAY STREET MILWAUKEE WI 53202 247402069 0 X WWW.MSOE.EDU X 1903 WI MILWAUKEE SCHOOL OF ENGINEERING (THE "UNIVERSITY") IS A NONPROFIT, NONSECTARIAN (SEE SCHEDULE O) UNIVERSITY PROVIDING A BALANCED EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVEL IN THE DISCIPLINES OF ENGINEERING, BUSINESS, MATHEMATICS, AND NURSING. MILWAUKEE SCHOOL OF ENGINEERING IS THE UNIVERSITY OF CHOICE FOR THOSE SEEKING AN INCLUSIVE COMMUNITY OF EXPERIENTIAL LEARNERS DRIVEN TO SOLVE THE COMPLEX CHALLENGES OF TODAY AND TOMORROW. 40 40 1627 537 321071 170367 37549415 44047495 147722720 157387783 4140755 8669629 2724276 1248947 192137166 211353854 83719698 89830917 0 0 56409540 58918423 0 0 2255767 40473542 41425860 180602780 190175200 11534386 21178654 418508541 444496462 36095239 34447704 382413302 410048758 X MILWAUKEE SCHOOL OF ENGINEERING (MSOE) IS A NONPROFIT, NONSECTARIAN UNIVERSITY PROVIDING A BALANCED EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVEL IN THE DISCIPLINES OF ENGINEERING BUSINESS, MATHEMATICS, AND NURSING. (SEE SCHEDULE O) MSOE IS THE UNIVERSITY OF CHOICE FOR THOSE SEEKING AN INCLUSIVE COMMUNITY OF EXPERIENTIAL LEARNERS DRIVEN TO SOLVE THE COMPLEX CHALLENGES OF TODAY AND TOMORROW. THE UNIVERSITY IS ACCREDITED BY THE HIGHER LEARNING COMMISSION AND OFFERS BACHELOR'S DEGREES, MASTER'S DEGREES, AND CERTIFICATE PROGRAMS. 0 0 183420891 89830917 157449954 MILWAUKEE SCHOOL OF ENGINEERING (MSOE) IS A NONPROFIT, NONSECTARIAN UNIVERSITY PROVIDING A BALANCED EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVEL IN THE DISCIPLINES OF ENGINEERING, BUSINESS, MATHEMATICS, AND NURSING. MILWAUKEE SCHOOL OF ENGINEERING IS THE UNIVERSITY OF CHOICE FOR THOSE SEEKING AN INCLUSIVE COMMUNITY OF EXPERIENTIAL LEARNERS DRIVEN TO SOLVE THE COMPLEX CHALLENGES OF TODAY AND TOMORROW. TOTAL STUDENT ENROLLMENT FOR THE FALL OF 2024-25 WAS APPROXIMATELY 2,956, OF WHICH 2,705 WERE UNDERGRADUATES AND 251 WERE GRADUATE STUDENTS. MSOE IS AT THE FOREFRONT OF APPLIED AI EDUCATION. WITH AI INTERWOVEN THROUGHOUT THE CURRICULUM AT MSOE AND AI-CENTERED COURSES ACROSS DISCIPLINES, STUDENTS ARE EMPOWERED TO DELVE DEEP INTO THEORY AND GAIN PRACTICAL EXPERIENCE EXPLORING HANDS-ON PROJECTS. 183420891 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 159 0 1627 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 40 40 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 WI X PAUL MATSON 4142777126 1025 N BROADWAY MILWAUKEE WI 53202 JAMES C RAHN CHAIRMAN 1.00 0.00 X X 0 0 0 DANIEL J MOCERI VICE-CHAIRMAN 1.00 0.00 X X 0 0 0 ROBERT J HILLIS VICE-CHAIRMAN 1.00 0.00 X X 0 0 0 SCOTT MOON VICE-CHAIRMAN 1.00 0.00 X X 0 0 0 G WOODROW ADKINS BOARD OF REGENTS 1.00 0.00 X 0 0 0 MICHAEL J BARBER BOARD OF REGENTS 1.00 0.00 X 0 0 0 STEVEN G BOOTH BOARD OF REGENTS 1.00 0.00 X 0 0 0 KENDALL G BREUNIG BOARD OF REGENTS 1.00 0.00 X 0 0 0 MATTHEW M BUROW BOARD OF REGENTS 1.00 0.00 X 0 0 0 JOHN L CAIN BOARD OF REGENTS 1.00 0.00 X 0 0 0 ALLEN J CARLSON BOARD OF REGENTS 1.00 0.00 X 0 0 0 BERNARD A COHEN PHD BOARD OF REGENTS 1.00 0.00 X 0 0 0 DWIGHT D DIERCKS BOARD OF REGENTS 1.00 0.00 X 0 0 0 WILLIAM E EDSTROM JR BOARD OF REGENTS 1.00 0.00 X 0 0 0 KEVIN FLETCHER BOARD OF REGENTS 1.00 0.00 X 0 0 0 PATRICK FORSYTHE BOARD OF REGENTS 1.00 0.00 X 0 0 0 RICHARD A GALLING BOARD OF REGENTS 1.00 0.00 X 0 0 0 TOM GLAISTER BOARD OF REGENTS 1.00 0.00 X 0 0 0 DUDLEY J GODFREY III BOARD OF REGENTS 1.00 0.00 X 0 0 0 KARL GOUVERNEUR BOARD OF REGENTS 1.00 0.00 X 0 0 0 JAMES P GRIFFIN BOARD OF REGENTS 1.00 0.00 X 0 0 0 ECKHART G GROHMANN BOARD OF REGENTS 1.00 0.00 X 0 0 0 NICHOLAS A HAEMEL BOARD OF REGENTS 1.00 0.00 X 0 0 0 THOMAS J HAUSKE JR BOARD OF REGENTS 1.00 0.00 X 0 0 0 MICHAEL E HORA BOARD OF REGENTS 1.00 0.00 X 0 0 0 RONALD J JENSEN BOARD OF REGENTS 1.00 0.00 X 0 0 0 SUSAN KAUFMANN NASH BOARD OF REGENTS 1.00 0.00 X 0 0 0 WARD P KOMOROSKI BOARD OF REGENTS 1.00 0.00 X 0 0 0 JOHN A MELLOWES BOARD OF REGENTS 1.00 0.00 X 0 0 0 EDWARD W RAETHER BOARD OF REGENTS 1.00 0.00 X 0 0 0 MICHAEL J READER BOARD OF REGENTS 1.00 0.00 X 0 0 0 KATHLEEN M RUEHLOW BOARD OF REGENTS 1.00 0.00 X 0 0 0 DONALD SCHLIDT BOARD OF REGENTS 1.00 0.00 X 0 0 0 JOHN L SCHLIESMANN BOARD OF REGENTS 1.00 0.00 X 0 0 0 JOHN S SHIELY BOARD OF REGENTS 1.00 0.00 X 0 0 0 GARY STIMAC BOARD OF REGENTS 1.00 0.00 X 0 0 0 DAWN TABAT BOARD OF REGENTS 1.00 0.00 X 0 0 0 ROBERT A WAGNER BOARD OF REGENTS 1.00 0.00 X 0 0 0 NEAL K WUNDERLICH BOARD OF REGENTS 1.00 0.00 X 0 0 0 KEVIN ZABA BOARD OF REGENTS 1.00 0.00 X 0 0 0 JOHN WALZ PRESIDENT 50.00 0.00 X 625191 0 45011 ERIC BAUMGARTNER EVP - ACADEMICS 50.00 0.00 X 283096 0 40412 DANIEL BERGEN SENIOR ADVISOR TO PRESIDENT 50.00 0.00 X 153778 0 32960 PAUL MATSON VP - FINANCE AND CFO 50.00 0.00 X 285443 0 42098 SEANDRA MITCHELL VP - STUDENT AFFAIRS & INCLUSION 50.00 0.00 X 158353 0 18850 JEFFREY SNOW VP - UNIVERSITY ADVANCEMENT 50.00 0.00 X 271394 0 40599 SEBASTIAN THACHENKARY VP - MARKETING & COMMUNITY ENGAGEMENT 50.00 0.00 X 201621 0 81008 TIMOTHY VALLEY VICE CHAIR, PROGRAM DIRECTOR 50.00 0.00 X 224998 0 84224 STEPHEN WILLIAMS VP - CAMPUS INFRASTRUCTURE 50.00 0.00 X 228399 0 25708 PETER COFFEY BOARD SECRETARY 1.00 0.00 X 0 0 0 DEANNA LEITZKE DEPARTMENT CHAIR, PROFESSOR 40.00 0.00 X 204312 0 39113 CHRISTOPHER TAYLOR PROF. DEPT. VICE CHAIR, PROGRAM DIR. 40.00 0.00 X 211285 0 38526 NAZIEH MASOUD PROFESSOR 40.00 0.00 X 191415 0 36969 RONALD GERRITS PROFESSOR, PROGRAM DIRECTOR 40.00 0.00 X 191151 0 11447 RUSSELL MEIER PROFESSOR, PROGRAM DIRECTOR 40.00 0.00 X 171876 0 53352 3402312 0 590277 124 0 1 0 AMERICAN FOOD AND VENDING CORPORATION 124 METROPOLITAN PARK DRIVE LIVERPOOL NY 13008 FOOD SERVICE 4764126 RAMLOWSTEIN 222 E MICHIGAN ST 400 MILWAUKEE WI 53202 ARCHITECTS 1093767 LEE MECHANICAL INC 9909 S 57TH ST FRANKLIN WI 53132 MECHANICAL CONTRACTOR 1086299 EVERSPRING 120 S LA SALLE ST SUITE 1800 CHICAGO IL 60603 TECHNOLOGY AND CONSULTING 725341 ENCOURA 600 CONGRESS AVE SUITE 14025 AUSTIN TX 78701 PARENT EMAILS - ADMISSIONS 366744 26 105090 197361 8182394 35562650 16729398 44047495 TUITION/FEES 900099 134151459 134151459 AUXILIARY ENTERPRISES 812930 21699688 21566859 132829 TECHNOLOGY CENTER 900099 1536636 1536636 157387783 5134992 188242 4946750 258633 196462 62171 62171 62171 39316517 35781880 3534637 3534637 3534637 54300 197361 69873 -15573 -15573 CAREER FAIR 611710 443843 443843 WMSE - RADIO STATION 900099 292221 292221 ATHLETICS 611710 172914 172914 293371 293371 1202349 211353854 157317125 321071 9668163 89830917 89830917 2214113 796867 1176556 240690 43321551 41251440 1007517 1062594 1978323 1770404 131044 76875 8177472 7419013 491430 267029 3226964 3004377 126890 95697 144816 144816 122879 122879 489141 489141 2729630 2408250 200421 120959 2260400 2250427 9973 3026123 2921949 28048 76126 1780624 1780624 4731797 4709499 11874 10424 1799039 1706535 28468 64036 619127 619127 11045096 10995248 16223 33625 1273471 1273471 FOOD SERVICE COSTS 4268090 4268090 NET ASSETS RELEASED FRO 1921262 1921262 EQUIP. & MAINTENANCE 1278327 1278327 UBI TAX 140366 140366 3795672 3215064 382869 197739 190175200 183420891 4498542 2255767 1991303 693253 10430627 15802352 25066739 31927575 2569921 1954854 217585 120904 172264 193018 4146298 4249239 368974868 150584239 223861845 218390629 122619731 135547514 27268262 35454269 163966 162855 418508541 444496462 7005731 6852386 1883174 1863904 10114950 10142452 17091384 15588962 36095239 34447704 X 256593520 248946008 125819782 161102750 382413302 410048758 418508541 444496462 X 21178654 7011792 -554990 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15747525 X X X X 0 90335690 3020122 8778940 2119443 1631651 98383658 82872635 635912 10455643 2032044 1596456 90335690 75683084 1650396 8315896 1721461 1055280 82872635 87461359 2618452 -11897944 1612907 885876 75683084 71305730 1790454 18626046 1507101 2753770 87461359 0.00000 0.58500 0.41500 0 0 17913147 17913147 264948460 94385316 170563144 41026191 36098022 4928169 45087070 20100901 24986169 218390629 PRIVATE EQUITY FUNDS 16013841 C REAL ESTATE INVESTMENT TRUST 13780295 C CLOSELY HELD COMMON STOCK 5660133 C 35454269 SERIES A 2021 TAXABLE BOND 13230008 ACCUMULATED POST-RETIREMENT BENEFITS 1489120 ASSET RETIREMENT OBLIGATION 484300 US GOV'T GRANTS REFUNDABLE 260750 SPLIT INTEREST AGREEMENT LIABILITY 124784 15588962 X 127616564 7011792 -554993 6456799 121159765 489141 89704948 90194089 211353854 99981110 0 99981110 489141 89704949 90194090 190175200 PART III, LINE 4: COLLECTIONS OF ARTS AND HISTORICAL TREASURES EXEMPT PURPOSE "MEN AT WORK" COLLECTION IS A COLLECTION OF PAINTINGS AND SCULPTURES DEPICTING VARIOUS TRADES AND PROFESSIONS FROM MEDIEVAL TO PRESENT. THE COLLECTION WAS MADE POSSIBLE FROM RESTRICTED DONATIONS, THE WORK THEME IS UTILIZED IN VARIOUS LOCATIONS OF THE ACADEMIC CURRICULUM FOR STUDENTS IN ENGINEERING, BUSINESS AND NURSING. PART V, LINE 4: INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS ENDOWMENTS ARE USED PER THE DONOR'S INTENT. THE ENDOWMENT CONSISTS OF SCHOLARSHIPS FOR STUDENT FINANCIAL ASSISTANCE AND FUNDS DESIGNATED FOR SCHOOL PROGRAMS OR FACILITY IMPROVEMENTS, ALL WITH THE INTENT OF ENHANCING THE SCHOOLS EDUCATIONAL MISSION. PART X, LINE 2: ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) INDICATING THAT IT IS A TAX-EXEMPT ORGANIZATION AS PROVIDED FOR IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, EXCEPT FOR INCOME TAXES PERTAINING TO UNRELATED BUSINESS INCOME. THE FASB ISSUED GUIDANCE THAT REQUIRES TAX EFFECTS FROM UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. THE UNIVERSITY HAS NO SIGNIFICANT UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 114,437. CHANGE IN PRESENT VALUE OF PLEDGES -1,305,814. RESERVE FOR PLEDGES RECEIVABLE 636,384. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANTS AND SCHOLARSHIPS 89,830,917. RENTAL EXPENSES -196,462. FUNDRAISING EXPESNES -69,873. UNRELATED BUSINESS INCOME TAX EXPENSE 140,366. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANTS AND SCHOLARSHIPS 89,830,917. RENTAL EXPENSES -196,462. FUNDRAISING EXPESNES -69,873. UNRELATED BUSINESS INCOME TAX EXPENSE 140,367. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY STATEMENT HAS BEEN INCLUDED IN PUBLICATIONS, BROCHURES AND MISSION STATEMENT. LINE 3 - PUBLICATION OF RACIALLY NONDISCRIMINATORY POLICY MSOE HAS A LONG STANDING COMMITMENT TO THE DIVERSITY OF ITS FACULTY, STAFF AND STUDENT BODY, THIS COMMITMENT IS PARTICULARLY INTEGRAL TO MSOE'S MISSION. MSOE IS COMMITTED TO PRESERVING AN ENVIRONMENT THAT RESPECTS THE PERSONAL RIGHTS AND DIGNITY OF EACH MEMBER OF ITS COMMUNITY AND PROVIDING AN ENVIRONMENT THAT IS FREE FROM ALL FORMS OF DISCRIMINATION AND HARASSMENT. AS SUCH, IT IS THE MSOE'S POLICY THAT NO PERSON SHALL BE THE OBJECT OF DISCRIMINATION OR HARASSMENT ON THE BASIS OF RACE, COLOR, ETHNICITY, RELIGION, SEX, GENDER, GENDER IDENTITY, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, MARITAL STATUS, PREGNANCY, PARENTAL STATUS, FAMILY RELATIONSHIP STATUS, PHYSICAL OR MENTAL DISABILITY, MILITARY STATUS, GENETIC INFORMATION OR OTHER STATUS PROTECTED BY LOCAL, STATE, OR FEDERAL LAW IN ITS EMPLOYMENT OR ITS EDUCATIONAL SETTINGS. WHERE EDITORIALLY REASONABLE TO DO SO, THE MSOE INCLUDES A STATEMENT OF NONDISCRIMINATION IN THE CODE OF STUDENT RESPONSIBILITY, THE CODE OF CONDUCT, MANAGEMENT STANDARDS HANDBOOKS, BULLETINS, AND CATALOGS, AS WELL AS IN OTHER UNIVERSITY PUBLICATIONS AND ON APPROPRIATE UNIVERSITY WEBSITES. MSOE DRAWS STUDENTS BOTH NATIONALLY AND INTERNATIONALLY AND ENROLLS MEANINGFUL NUMBERS OF MINORITY STUDENTS. MSOE ALSO ADHERES TO THE REQUIREMENTS OF IRS REV. PROC. 2019-22 WITH REGARD TO DISPLAYING A NOTICE, ON ITS INTERNET HOMEPAGE, REGARDING NONDISCRIMINATION. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: MSOE RECEIVES FINANCIAL AID FOR STUDENTS (PELL GRANTS, ETC) FROM GOVERNMENT AGENCIES. SOUTH ASIA 0 1 PROGRAM SERVICES RECRUITING 70000 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES RECRUITING 4500 SOUTH AMERICA 0 1 PROGRAM SERVICES RECRUITING 4500 0 3 0 0 0 3 79000 0 79000 0 0 0 0 0 0 PART I, LINE 2 THE UNIVERSITY DOES NOT PROVIDE UNRESTRICTED GRANTS TO FOREIGN ORGANIZATIONS OR INDIVIDUALS. THE UNIVERSITY ENGAGES FOREIGN AGENCIES TO IDENTIFY AND RECRUIT POTENTIAL STUDENTS TO APPLY AND ATTEND THE UNIVERSITY. THESE EXPENSES ARE INCLUDED AS PART OF THE ACTIVITIES PER REGION IN PART I, LINE 3. PART I, LINE 3 THE UNIVERSITY ACCOUNTS FOR EXPENDITURES USING THE ACCRUAL METHOD. REGENT GOLF OUTING 116387 93837 22550 5258 24916 265 2897 PRESIDENT GOLF OUTING 135274 103524 31750 5118 25745 584 5090 251661 197361 54300 10376 50661 849 7987 69873 -15573 1 GRANTS/SCHOLARSHIPS 2705 89830917 0 PART I, LINE 2: ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. SOME GRANTS AND ASSISTANCE TO STUDENTS REPRESENTS FINANCIAL ASSISTANCE IN THE FORM OF INSTITUTIONAL SCHOLARSHIPS. ALL SCHOLARSHIPS ARE ADMINISTERED THROUGH THE UNIVERSITY'S FINANCIAL AID SYSTEM. INSTITUTIONAL SCHOLARSHIPS ARE CREDITED TO THE STUDENT'S INTERNAL ACCOUNT AND REPRESENT AN OFFSET TO TUITION AND OTHER FEES ASSESSED BY THE UNIVERSITY. FOR FEDERAL AND STATE FINANCIAL AID GRANTS, INDIVIDUAL FAFSA AND PERSONAL TAX RETURNS ARE VERIFIED FOR RECIPIENT ELIGIBILITY. SEVERAL LAYERS OF SUPERVISORY APPROVALS ARE BUILT INTO THE INTERNAL FINANCIAL AID PROCESS. FOR OTHER FEDERALLY FUNDED GRANTS (NIH, NSF ETC.), ACTIVITY IS ADMINISTERED BY A DEDICATED EMPLOYEE, SUBJECT TO SEVERAL LAYERS OF SUPERVISORY REVIEW AND APPROVAL. PAYROLL COSTS AND OTHER ALLOCATED EXPENDITURES ARE DOCUMENTED AND REVIEWED BY THE FINANCE DEPARTMENT AS WELL AS EXTERNAL AUDITORS. GRANTS AND ASSISTANCE TO UNIVERSITY STAFF AND THEIR ELIGIBLE SPOUSE, DEPENDENTS, OR AN UNRELATED SECOND DOMICILED ADULT REPRESENT STAFF TUITION WAIVERS, PURSUANT TO A WRITTEN BENEFITS PLAN. STAFF TUITION WAIVERS ARE ADMINISTERED THROUGH THE UNIVERSITY'S BENEFITS SYSTEM AND, LIKE INSTITUTIONAL SCHOLARSHIPS FOR STUDENTS, ARE CREDITED TO THE INDIVIDUAL'S INTERNAL ACCOUNT TO OFFSET TUITION CHARGES. TAXABILITY OF TUITION WAIVERS IS DETERMINED PURSUANT TO SECTIONS 127 AND 117(D) OF THE INTERNAL REVENUE CODE AND THEIR ACCOMPANYING REGULATIONS. X X 1 1 X 0 0 0 0 0 0 0 1 0 JOHN WALZ PRESIDENT 515710 0 101945 0 7536 0 20700 0 24311 0 670202 0 101945 0 PAUL MATSON VP - FINANCE AND CFO 236151 0 25750 0 23542 0 17587 0 24511 0 327541 0 25750 0 ERIC BAUMGARTNER EVP - ACADEMICS 255936 0 25331 0 1829 0 17301 0 23111 0 323508 0 25331 0 JEFFREY SNOW VP - UNIVERSITY ADVANCEMENT 226826 0 22607 0 21961 0 15440 0 25159 0 311993 0 22607 0 TIMOTHY VALLEY VICE CHAIR, PROGRAM DIRECTOR 180007 0 20206 0 24785 0 13801 0 70423 0 309222 0 20206 0 SEBASTIAN THACHENKARY VP - MARKETING & COMMUNITY ENGAGEMEN 167953 0 16644 0 17024 0 11512 0 69496 0 282629 0 16644 0 STEPHEN WILLIAMS VP - CAMPUS INFRASTRUCTURE 184414 0 20487 0 23498 0 13992 0 11716 0 254107 0 20487 0 CHRISTOPHER TAYLOR PROF. DEPT. VICE CHAIR, PROGRAM DIR. 210835 0 0 0 450 0 12215 0 26311 0 249811 0 0 0 DEANNA LEITZKE DEPARTMENT CHAIR, PROFESSOR 203394 0 0 0 918 0 12802 0 26311 0 243425 0 0 0 NAZIEH MASOUD PROFESSOR 191415 0 0 0 0 0 11810 0 25159 0 228384 0 0 0 RUSSELL MEIER PROFESSOR, PROGRAM DIRECTOR 170738 0 0 0 1138 0 10807 0 42545 0 225228 0 0 0 RONALD GERRITS PROFESSOR, PROGRAM DIRECTOR 190144 0 0 0 1007 0 11447 0 0 0 202598 0 0 0 DANIEL BERGEN SENIOR ADVISOR TO PRESIDENT 138612 0 14420 0 746 0 9849 0 23111 0 186738 0 14420 0 SEANDRA MITCHELL VP - STUDENT AFFAIRS & INCLUSION 143470 0 14004 0 879 0 9634 0 9216 0 177203 0 14004 0 PART I, LINE 1A SOCIAL CLUB DUES UNDER ORDINARY BUSINESS EXPENSES, SOCIAL CLUB DUES ARE PAID FOR BY MSOE FOR TWO KEY EMPLOYEES: JEFF SNOW AND SEBASTIAN THACHENKARY, WHICH ARE RELATED TO ADVANCEMENT AND MARKETING AND THE BETTERMENT OF THE UNIVERSITY. THIS IS TREATED AS TAXABLE COMPENSATION AND IS REPORTED ON PART II, COLUMN B(III). TAX GROSS-UP PAYMENTS UNDER ORDINARY BUSINESS EXPENSES, TAX GROSS-UP PAYMENTS WERE PAID FOR BY MSOE FOR TWO KEY EMPLOYEES: JEFF SNOW AND SEBASTIAN THACHENKARY, GROSS UP PAYMENTS WERE MADE IN RELATION TO THE SOCIAL CLUB DUE BENEFIT PROVIDED ABOVE, THIS IS TREATED AS TAXABLE COMPENSATION AND IS REPORTED ON PART II, COLUMN B(III). PART I, LINE 7 UPON DISCRETION AND APPROVAL, PERFORMANCE-BASED BONSUES MAY BE AWARDED. FOR THE PRESIDENT, THIS IS DETERMINED BY THE BOARD. FOR ALL OTHERS, THIS IS DETERMINED BY THE PRESIDENT WITHIN BOARD APPROVED BUDGET LIMITATIONS. THESE BONUSES WERE NOT INCLUDED IN THE INDIVIDUAL COMPENSATION PACKAGE. BONUSES WERE ACCRUED IN FY24, AND PAID IN FY25. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 97712JBH5 2021-07-15 10610000 CAMPUS BUILDINGS 0 1 0 A 10302441 183698 322931 10075641 2022 1 1 1 1 A 0 0 0 0 1 0 1 A 1 0 0 0 0 1 A 1 ROBERT HILLIS BOARD OF REGENTS 653242 THE UNIVERSITY LEASES COMMERCIAL SPACE TO DIRECT SUPPLY, INC. THE VALUE AND ACCOMMODATION'S OF THE LEASE ARE AT ARM'S LENGTH AT PREVAILING MARKET RATES. 0 X 855 FMV X 20 16643537 FMV X EQUIPMENT 1 75000 FMV X MISCELLANEOUS 32 10006 FMV 1 0 1 0 PART I, COLUMN (B): THE NUMBER ON COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS THE ORGANIZATION USES TO REVIEW FORM 990 THE DRAFT FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM, USING INFORMATION PROVIDED BY THE UNIVERSITY'S FINANCE DEPARTMENT. ONCE COMPLETED THE DRAFT FORM 990 IS REVIEWED BY THE UNIVERSITY'S FINANCE DEPARTMENT. RELEVANT QUESTIONS AND PARTS OF THE 990 ARE ALSO REVIEWED WITH THE AUDIT AND FINANCE COMMITTEE BEFORE FILING THE 990. BEFORE FILING, PUBLIC DISCLOSURE COPIES OF THE FORM 990, WITH SCHEDULE B REDACTED ARE PROVIDED TO ALL BOARD MEMBERS. ONCE APPROVED BY THE COMMITTEE THE FORM 990 IS ELECTRONICALLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION'S PRACTICES FOR MONITORING CONFLICTS OF INTEREST A COPY OF THE POLICY MUST BE READ BY ALL EMPLOYEES AND SIGNED, INDICATING THEIR UNDERSTANDING OF THE POLICY. THEY ARE ALSO REQUIRED TO REPORT ANY POTENTIAL CONFLICT BASED ON THE POLICY'S DEFINITIONS. ALL EMPLOYEES MUST RETURN THEIR REPORTS TO THE HUMAN RESOURCE DEPARTMENT WHO PRESENTS THEM TO THE CFO FOR REVIEW AND INTERPRETATION. IT IS A CONDITION OF EMPLOYMENT TO RESPOND TO THE POLICY ANNUALLY, THEREFORE, 100% RESPONSE IS ACCOMPLISHED. IN ADDITION, A QUESTIONNAIRE IS SENT TO ALL BOARD MEMBERS ASKING THEM TO REPORT ANY CONFLICT OF INTEREST THEY MAY HAVE, IN ADDITION, A RELATED PARTY AND CONFLICT OF INTEREST QUESTIONNAIRE IS ALSO PROVIDED TO EVERY BOARD MEMBER FOR REVIEW AND RETURN TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION THE EXECUTIVE COMMITTEE (EC) BOARD CHAIR LED A FORMAL COMPENSATION REVIEW PROCESS IN NOVEMBER AND DECEMBER 2020 THAT INVOLVED THE ENTIRE MSOE EC, WE CONTRACTED A HUMAN RESOURCE (HR) CONSULTANT TO ASSIST THE EC THROUGHOUT THE PROCESS, THIS HR CONSULTANT ALSO SERVED MSOE THROUGHOUT THE PRESIDENTIAL SEARCH PROCESS. DETAILED COMPENSATIONS WERE GATHERED AND REVIEWED WITH A FOCUS ON MSOE PEER AND ASPIRATIONAL INSTITUTIONS. THE EC VOTED UNANIMOUSLY TO APPROVE THE AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION'S POLICY REGARDING MAKING CERTAIN DOCUMENTS PUBLIC MOST GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST, CONFLICT OF INTEREST POLICY IS ON THE UNIVERSITY'S WEBSITE, FINANCIAL STATEMENT DISTRIBUTION IS LIMITED TO OFFICERS AND BOARD MEMBERS, THE A-133 AUDIT REPORT IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 114,437. CHANGE IN PRESENT VALUE OF PLEDGES -1,305,814. RESERVE OF PLEDGES RECEIVABLE 636,387. MSOE PROPERTIES LLC 1025 N BROADWAY MILWAUKEE WI 53202 ACQUIRE, OWN, OPERATE MSOE PROPERTY WI 0 409600 MILWAUKEE SCHOOL OF ENGINEERING