2023-05-11T13:42:42-05:00 2022-06-30 390758449 WIPFLI LLP PO BOX 12237 GREEN BAY WI 543072237 990 2021-07-01 396076442 THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION UNIV 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 GREG SMITH TREASURER 4143526000 2023-05-11 1 GREG SMITH 999009999 TERRI REXRODE CPA MST P00096513 9206620016 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z GREG SMITH 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 36654511 0 X WWW.USM.ORG X 1851 WI UNIVERSITY SCHOOL OF MILWAUKEE PROVIDES AN EXCEPTIONAL PK-12 INDEPENDENT SCHOOL EDUCATION IN A SUPPORTIVE, INCLUSIVE COMMUNITY BUILT ON THE FOUNDATION OF OUR COMMON TRUST. BY IGNITING A PASSION FOR LEARNING, LEADERSHIP, AND SERVICE, THE SCHOOL PREPARES EACH STUDENT - AS AN INDIVIDUAL - FOR SUCCESS IN HIGHER EDUCATION AND A LIFE OF PURPOSE. USM EMBRACES A TRADITION OF SUPERIOR ACADEMIC ACHIEVEMENT THROUGH A COMMITMENT TO EXPERTISE AND INNOVATION IN OUR SCHOOL. THE COMMON TRUST, THE BASIC PHILOSOPHY OF COMMUNITY BEHAVIOR AT UNIVERSITY SCHOOL OF MILWAUKEE, IS AT THE CORE OF THE SCHOOL'S GUIDING PRINCIPLES, AND IS EXPRESSED IN THE FOLLOWING PLEDGE: "WE, THE MEMBERS OF THE UNIVERSITY SCHOOL OF MILWAUKEE COMMUNITY, ACCEPT THE COMMON TRUST. WE AGREE TO RELATE TO ONE ANOTHER AND THE SCHOOL WITH RESPECT, TRUST, HONESTY, FAIRNESS, AND KINDNESS." 26 26 441 200 0 0 8737564 5874437 28721641 30288578 16557 10069 55855 210606 37531617 36383690 5982220 6334963 0 0 20571269 21619636 0 0 132902 10450343 10697584 37003832 38652183 527785 -2268493 59516474 57287389 6243678 5980575 53272796 51306814 X UNIVERSITY SCHOOL OF MILWAUKEE PROVIDES AN EXCEPTIONAL PK-12 INDEPENDENT SCHOOL EDUCATION IN A SUPPORTIVE, INCLUSIVE COMMUNITY BUILT ON THE FOUNDATION OF OUR COMMON TRUST. BY IGNITING A PASSION FOR LEARNING, LEADERSHIP, AND SERVICE, THE SCHOOL PREPARES EACH STUDENT - AS AN INDIVIDUAL - FOR SUCCESS IN HIGHER EDUCATION AND A LIFE OF PURPOSE. USM EMBRACES A TRADITION OF SUPERIOR ACADEMIC ACHIEVEMENT THROUGH A COMMITMENT TO EXPERTISE AND INNOVATION IN OUR SCHOOL. THE COMMON TRUST, THE BASIC PHILOSOPHY OF COMMUNITY BEHAVIOR AT UNIVERSITY SCHOOL OF MILWAUKEE, IS AT THE CORE OF THE SCHOOL'S GUIDING PRINCIPLES, AND IS EXPRESSED IN THE FOLLOWING PLEDGE: "WE, THE MEMBERS OF THE UNIVERSITY SCHOOL OF MILWAUKEE COMMUNITY, ACCEPT THE COMMON TRUST. WE AGREE TO RELATE TO ONE ANOTHER AND THE SCHOOL WITH RESPECT, TRUST, HONESTY, FAIRNESS, AND KINDNESS." 0 0 30983539 6334963 30288578 THE UNIVERSITY SCHOOL OF MILWAUKEE CORP IS A NONPROFIT INDEPENDENT SCHOOL PROVIDING PREKINDERGARTEN THROUGH 12TH GRADE EDUCATION. THE SCHOOL HAS BEEN BUILDING ENDOWMENT DOLLARS OER THE PAST TWO DECADES AND HAS APPROXIMATELY 90 MILLION DOLLARS IN BOTH DESIGNATED AND UNDESIGNATED ACCOUNTS. THE ENDOWMENT, ALONG WITH TUITION AND AUXILIARY PROGRAM REVENUES AND OTHER GIFTS TO THE SCHOOL, ALLOW USM TO POSITION ITSELF WELL FOR FUTURE PROGRAM ENHANCEMENTS AND GROWTH. 30983539 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 47 0 441 1 0 0 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 EDWARD FEEST 4143526000 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 STEPHEN GUY PRESIDENT 1.00 X X 0 0 0 SARAH ZIMMERMAN VICE PRESIDENT 1.00 X X 0 0 0 KARIN WERNER EXECUTIVE VICE PRESIDENT 1.00 X X 0 0 0 GREGORY SMITH TREASURER 1.00 X X 0 0 0 JACKIE DARR SECRETARY 1.00 X X 0 0 0 JOHN BONNELL MEMBER 1.00 X 0 0 0 CHARLES BRENNAN MEMBER 1.00 X 0 0 0 LAYFETTE CRUMP MEMBER 1.00 X 0 0 0 MICHAEL DARROW MEMBER 1.00 X 0 0 0 KATHY-ANN EDWARDS MEMBER 1.00 X 0 0 0 MICHAEL M GREBE MEMBER 1.00 X 0 0 0 JENNIFER KEOUGH MEMBER 1.00 X 0 0 0 SUMEETA KRISHNANEY MEMBER 1.00 X 0 0 0 SRI LAZZARO MEMBER 1.00 X 0 0 0 TAMORA MARTIN MEMBER 1.00 X 0 0 0 MARY JANE MARTINEZ MEMBER 1.00 X 0 0 0 CHARLES MELLOWS MEMBER 1.00 X 0 0 0 BRIGID MILLER MEMBER 1.00 X 0 0 0 JANAN NAJEEB MEMBER 1.00 X 0 0 0 KARA NELSON MEMBER 1.00 X 0 0 0 MICHEL POKEL MEMBER 1.00 X 0 0 0 CATHERINE ROBINSON MEMBER 1.00 X 0 0 0 BETSY ROSENBLUM MEMBER 1.00 X 0 0 0 TODD SCHOON MEMBER 1.00 X 0 0 0 MICHAEL SMITH MEMBER 1.00 X 0 0 0 MICHAEL C WILLIAMS MEMBER 1.00 X 0 0 0 KELLY MCGUIRE CHIEF FINANCIAL OFFICER 40.00 1.00 X 110568 0 74440 STEVE HANCOCK HEAD OF SCHOOL 40.00 1.00 X 379675 0 45252 GREGG BACH ASSISTANT HEAD OF SCHOOL 40.00 X 210848 0 15000 PATRICK TEVLIN CHIEF ADVANCEMENT OFFICER 40.00 X 171868 0 42185 MICHAEL TAUSCHER HEAD OF LOWER SCHOOL 40.00 X 125780 0 74862 STUART CUSHMAN HEAD OF UPPER SCHOOL 40.00 X 139219 0 53793 ERIC PETERS DIRECTOR OF ENROLLMENT & FIN. AID 40.00 X 126736 0 74806 1264694 0 380338 12 0 1 0 COMPASS GROUP USA 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 1381725 HUNZINGER CONSTRUCTION CO 21100 ENTERPRISE AVENUE BROOKFIELD WI 53045 CONSTRUCTION 819483 H & H CIVIL CONSTRUCTION LLC 21110 MAIN STREET COLLINS WI 54202 CONSTRUCTION 610752 ASTRO TURF CORPORATION 2680 ABUTMENT ROAD SE DALTON GA 30721 CONSTRUCTION/NEW FIELD 552783 NORTHSTART EQUIPMENT LLC 3073 SOUTH CHASE AVE SUITE 330 MILWAUKEE WI 53207 CONSTRUCTION/NEW BLEACHERS 293640 22 6174 3911800 1956463 148608 5874437 TUITION & FEES 611600 28914475 28914475 AUXILIARY ENTERPRISES 611710 693380 693380 AUXILIARY EDUCATIONAL PROGRAMS 611710 640874 640874 STUDENT ACTIVITIES 611710 39849 39849 30288578 10713 10713 644 -644 -644 -644 137102 6174 41968 95134 95134 40757 12964 27793 27793 265521 215245 50276 50276 BAD DEBT RECOVERIES 900099 37403 37403 37403 36383690 30288578 0 220675 6334963 6334963 592550 592550 16403803 12474777 3929026 1047748 779778 267970 2383297 1720305 662992 1192238 860578 331660 178461 178461 2820411 2591431 168386 60594 186517 8106 178411 1183876 891840 274269 17767 296908 41722 255186 908765 908765 10953 6824 4129 113607 79809 33798 65062 14714 48368 1980 3159279 2986938 172341 262660 262660 STUDENT ACTIVITIES 576021 576021 ENTERTAINMENT/SPECIAL E 222589 69388 106002 47199 REPAIRS & MAINTENANCE 102744 102744 MEMBERSHIP DUES 50965 50965 558766 272176 281228 5362 38652183 30983539 7535742 132902 14554314 11196545 22747 8229 1328382 631363 883871 652449 78490 65262 294753 312922 93039948 49151687 41787143 43888261 191036 165168 375738 367190 59516474 57287389 3257548 2716323 2489975 2994148 496155 270104 6243678 5980575 X 53024638 51065462 248158 241352 53272796 51306814 59516474 57287389 X -2268493 -57911 360422 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98763807 1763702 -8238752 4290115 7200 87991442 80091021 557401 22670092 4544007 10700 98763807 80834609 1796505 1255137 3787730 7500 80091021 76128080 1598134 6728946 3613551 7000 80834609 70129430 2583539 6791767 3374936 1720 76128080 0.36033 0.43754 0.20213 0 1 1 9705046 9705046 67876210 36788770 31087440 15073117 12362917 2710200 385575 385575 43888261 AGENCY FUNDS 58023 CAPITAL LEASE OBLIGATION 112081 UNSECURED NOTES PAYABLE TO RELATED ORGANIZATION 100000 270104 32714691 -57911 -57911 32772602 3611088 3611088 36383690 35041095 177842 177842 34863253 3788930 3788930 38652183 PART V, LINE 4: ENDOWMENT FUNDS ARE INVESTED FOR THE LONG-TERM, CREATING A PERMANENT SOURCE OF FUNDING FOR ONGOING PRIORITIES, SUCH AS INSTRUCTION, SCHOLARSHIP, AND OTHER PURPOSES. 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,788,930. AUXILIARY EXPENSES -215,245. BAD DEBT RECOVERIES 37,403. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 215,245. BAD DEBT RECOVERIES -37,403. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,788,930. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 STATEMENT OF RACIALLY NON DISCRIMINATORY POLICY IS PUBLISHED IN THE MILWAUKEE JOURNAL SENTINEL. HOLIDAY SHOPS 143276 6174 137102 1276 26850 1727 12115 143276 6174 137102 1276 26850 1727 12115 41968 95134 40757 12964 0 40757 12964 12964 27793 0 0 0 0 0 0 1 TUITION REMISSION 134 2546033 FINANCIAL AID 240 3026427 MERIT SCHOLARSHIPS 59 762503 PART I, LINE 2: ALL FINANCIAL AID GRANTS AND SCHOLARSHIPS ARE MONITORED BY THE ADVANCEMENT DEPARTMENT TO ENSURE THAT THE FUNDS ARE USED IN THE MANNER SET BY DONOR OR ENDOWED FUND FOR WHICH THE GRANT WAS GIVEN. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 STEVE HANCOCK HEAD OF SCHOOL 378362 0 0 0 1313 0 19950 0 25302 0 424927 0 0 0 GREGG BACH ASSISTANT HEAD OF SCHOOL 203283 0 5925 0 1640 0 14280 0 720 0 225848 0 0 0 PATRICK TEVLIN CHIEF ADVANCEMENT OFFICER 170833 0 0 0 1035 0 12459 0 29726 0 214053 0 0 0 ERIC PETERS DIRECTOR OF ENROLLMENT & FIN. AID 126332 0 0 0 404 0 8944 0 65862 0 201542 0 0 0 MICHAEL TAUSCHER HEAD OF LOWER SCHOOL 125400 0 0 0 380 0 9427 0 65435 0 200642 0 0 0 STUART CUSHMAN HEAD OF UPPER SCHOOL 138313 0 0 0 906 0 9704 0 44089 0 193012 0 0 0 KELLY MCGUIRE CHIEF FINANCIAL OFFICER 110278 0 0 0 290 0 7146 0 67294 0 185008 0 0 0 PART I, LINE 1A STEVE HANCOCK, THE HEAD OF THE SCHOOL, IS REQUIRED TO LIVE AND TO CONDUCT SOME BUSINESS IN A HOUSE THAT IS PROVIDED BY THE UNIVERSITY SCHOOL OF MILWAUKEE PER HIS CONTRACT. HOUSEKEEPING AND YARD MAINTENANCE ARE ALSO PROVIDED. THIS IS NOT INCLUDED IN TAXABLE COMPENSATION. X 20 148608 SELLING PRICE 0 0 1 1 PART I, LINE 32B: R. W. BAIRD OR OTHER SUCH ORGANIZATIONS ARE USED TO SELL STOCK CONTRIBUTIONS MADE TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE AUDIT COMMITTEE AND IS MADE AVAILABLE FOR REVIEW TO THE BOARD OF TRUSTEES THROUGH A SECURE PORTAL. 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 BOARD'S 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 8 SIMILAR 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. THE AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS WITH DONOR RESTRICTIONS 360,422. MILWAUKEE WINTER CLUB LLC 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 852001021 FOSTER GROWTH OF YOUTH ICE HOCKEY WI 413512 546285 THE UNIVERSITY SCHOOL OF MILWAUKEE CORP UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC 2100 W FAIRY CHASM ROAD MILWAUKEE WI 53217 455276699 SUPPORT THE UNIVERSITY SCHOOL OF MILWAUKEE WI 501(C)(3) LINE 12A, I THE UNIVERSITY SCHOOL OF MILWAUKEE CORP 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC C 3911800 COST