2022-04-13T07:01:05-05:00 2021-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2020-07-01 390477970 MILWAUKEE SCHOOL OF ENGINEERING MILW 4142777300 1025 NORTH BROADWAY STREET MILWAUKEE WI 53202 DAWN THIBEDEAU VP OF FINANCE & CFO 4142777300 2022-04-11 1 DAWN THIBEDEAU XXX-XX-XXXX TROY MARINE CPA P00187863 4147775500 2022-04-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN Y WALZ PH D 1025 NORTH BROADWAY STREET MILWAUKEE WI 53202 226175130 0 X WWW.MSOE.EDU X 1903 WI MILWAUKEE SCHOOL OF ENGINEERING (THE "UNIVERSITY") IS A NONPROFIT, NONSECTARIAN UNIVERSITY PROVIDING A BALANCED EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVEL FOR MEN AND WOMEN 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. 49 49 1477 450 728415 0 36944951 31321221 119091067 118566607 5137175 3949655 1510239 1824850 162683432 155662333 62442213 63447510 0 0 45151759 47408281 0 0 1505754 32507820 32765899 140101792 143621690 22581640 12040643 361504239 400424070 33462022 34248265 328042217 366175805 X MILWAUKEE SCHOOL OF ENGINEERING (MSOE) IS A NONPROFIT, NONSECTARIAN UNIVERSITY PROVIDING A BALANCED EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVEL FOR MEN AND WOMEN IN THE DISCIPLINES OF ENGINEERING, BUSINESS, MATHEMATICS, AND NURSING. 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 DEGREE, MASTER'S DEGREE, AND CERTIFICATE PROGRAMS. 0 0 139491838 63447510 118312793 MILWAUKEE SCHOOL OF ENGINEERING IS A NONPROFIT, NONSECTARIAN UNIVERSITY PROVIDING A BALANCED EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVEL FOR MEN AND WOMEN 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 2020-21 WAS APPROXIMATELY 2,673 OF WHICH 2,510 WERE UNDERGRADUATES AND 163 WERE GRADUATE STUDENTS. 139491838 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 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 82 0 1477 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 49 49 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 WI X DAWN THIBEDEAU 4142777126 1025 N BROADWAY MILWAUKEE WI 53202 WALZ JOHN PRESIDENT 50.00 X X 501236 0 37034 BAUMGARTNER ERIC VP - ACADEMICS 50.00 X 260408 0 35847 VALLEY TIMOTHY VP - ENROLLMENT & STUDENT LIFE 50.00 X 205763 0 73917 SNOW JEFFREY VP - DEVELOPMENT & ALUMNI AFFAIRS 50.00 X 228338 0 28135 THIBEDEAU DAWN VP - FINANCE 50.00 X 198039 0 11780 PANHANS MATT DEPARTMENT CHAIR 40.00 X 166061 0 26939 MORIN KEVIN VP - OPERATIONS 50.00 X 146895 0 25861 WILLIAMS STEPHEN DEPARTMENT CHAIR 40.00 X 169959 0 18265 BARRATT RUTH DEPARTMENT CHAIR 40.00 X 156183 0 9368 THACHENKARY SEBASTIAN VP - MARKETING & COMM. ENGAGEMENT 50.00 X 154876 0 10565 GERRITS RONALD PROFESSOR, PROGRAM DIRECTOR 40.00 X 158439 0 9496 MITCHELL SEANDRA VP - STUDENT AFFAIRS & CAMPUS EQUITY 50.00 X 95462 0 26414 ALAN J RUUD BOARD OF REGENTS 1.00 X 0 0 0 ALLEN J CARLSON BOARD OF REGENTS 1.00 X 0 0 0 BERNARD A COHEN PHD BOARD OF REGENTS 1.00 X 0 0 0 BRIAN W COOKE BOARD OF REGENTS 1.00 X 0 0 0 DANIEL J MOCERI BOARD OF REGENTS 1.00 X 0 0 0 DAWN TABAT BOARD OF REGENTS 1.00 X 0 0 0 DON SCHLIDT BOARD OF REGENTS 1.00 X 0 0 0 DUDLEY J GODFREY III BOARD OF REGENTS 1.00 X 0 0 0 DWIGHT DIERCKS BOARD OF REGENTS 1.00 X 0 0 0 ECKHART GROHMANN BOARD OF REGENTS 1.00 X 0 0 0 EDWARD W RAETHER BOARD OF REGENTS 1.00 X 0 0 0 GARY STIMAC BOARD OF REGENTS 1.00 X 0 0 0 GARY VROMAN BOARD OF REGENTS 1.00 X 0 0 0 JAMES B WIGDALE BOARD OF REGENTS 1.00 X 0 0 0 JAMES C RAHN BOARD OF REGENTS 1.00 X 0 0 0 JAMES P GRIFFIN BOARD OF REGENTS 1.00 X 0 0 0 JOHN A MELLOWES BOARD OF REGENTS 1.00 X 0 0 0 JOHN E DUNCAN BOARD OF REGENTS 1.00 X 0 0 0 JOHN J ALLEN BOARD OF REGENTS 1.00 X 0 0 0 JOHN L CAIN BOARD OF REGENTS 1.00 X 0 0 0 JOHN L SCHLIESMANN BOARD OF REGENTS 1.00 X 0 0 0 JOHN S SHIELY BOARD OF REGENTS 1.00 X 0 0 0 JOHN W MELLOWES BOARD OF REGENTS 1.00 X 0 0 0 KARL GOUVERNEUR BOARD OF REGENTS 1.00 X 0 0 0 KATHLEEN M RUEHLOW BOARD OF REGENTS 1.00 X 0 0 0 KENDALL B BREUNIG BOARD OF REGENTS 1.00 X 0 0 0 KEVIN FLETCHER BOARD OF REGENTS 1.00 X 0 0 0 KEVIN ZABA BOARD OF REGENTS 1.00 X 0 0 0 LYMAN W TSCHANZ BOARD OF REGENTS 1.00 X 0 0 0 MICHAEL E HORA BOARD OF REGENTS 1.00 X 0 0 0 MICHAEL J BARBER BOARD OF REGENTS 1.00 X 0 0 0 MICHAEL J CUDAHY BOARD OF REGENTS 1.00 X 0 0 0 MICHAEL J READER BOARD OF REGENTS 1.00 X 0 0 0 NEAL K WUNDERLICH BOARD OF REGENTS 1.00 X 0 0 0 NICHOLAS A HAEMEL BOARD OF REGENTS 1.00 X 0 0 0 PAMELA D VIETS BOARD OF REGENTS 1.00 X 0 0 0 PATRICK FORSYTHE BOARD OF REGENTS 1.00 X 0 0 0 RICHARD G GALLING BOARD OF REGENTS 1.00 X 0 0 0 ROBERT A WAGNER BOARD OF REGENTS 1.00 X 0 0 0 ROBERT D KERN BOARD OF REGENTS 1.00 X 0 0 0 ROBERT J HILLIS BOARD OF REGENTS 1.00 X 0 0 0 RONALD J JENSEN BOARD OF REGENTS 1.00 X 0 0 0 SCOTT MOON BOARD OF REGENTS 1.00 X 0 0 0 STEVEN G BOOTH BOARD OF REGENTS 1.00 X 0 0 0 STIG F HAAGENSEN BOARD OF REGENTS 1.00 X 0 0 0 THOMAS J HAUSKE JR BOARD OF REGENTS 1.00 X 0 0 0 THOMAS GLAISTER BOARD OF REGENTS 1.00 X 0 0 0 WARD P KOMOROWSKI BOARD OF REGENTS 1.00 X 0 0 0 WILLIAM E EDSTROM JR BOARD OF REGENTS 1.00 X 0 0 0 2441659 0 313621 82 0 1 0 VJS CONSTRUCTION SERVICES W233 N2847 ROUNDY CIRCLE WEST PEWAUKEE WI 53072 BUILDING CONSTRUCTION 22755517 CG SCHMIDT INC 11777 WEST LAKE PARK DRIVE MILWAUKEE WI 53224 BUILDING CONSTRUCTION 5590907 AMERICAN FOOD AND VENDING CORP 124 METROPOLITAN PARK DRIVE SYRACUSE NY 13088 FOOD SERVICE 2076289 ROBINSON BROTHERS ENVIRONMETAL 220 RAEMISCH RD WAUNAKEE WI 53597 BUILDING CONSTRUCTION 1323458 CATALYST CONSTRUCTION 833 E MICHIGAN SUITE 1000 MILWAUKEE WI 53202 BUILDING CONSTRUCTION 704662 18 348137 9657844 21315240 88208 31321221 TUITION/FEES 900099 105416568 105416568 AUX. ENTERPRISES 812930 9864762 9610948 253814 TECHNOLOGY CENTER 900099 2264900 2264900 GOVERNMENT CONTRACTS 900099 1020377 1020377 118566607 1027560 474601 552959 641360 220189 421171 421171 421171 73097377 70175282 2922095 2922095 2922095 109275 348137 117326 -8051 -8051 OTHER INCOME 900099 1411730 1411730 1411730 155662333 118312793 728415 5299904 63447510 63447510 1933908 779127 918506 236275 34320014 32801681 727846 790487 1641783 1482432 98781 60570 6998531 6823510 123475 51546 2514045 2332393 95559 86093 136679 136679 108493 108493 106000 106000 609293 609293 1046852 1039802 7050 1940009 1920787 5504 13718 1647213 1647213 3578277 3558731 10409 9137 417827 394512 21312 2003 812270 812270 9695019 9681480 5807 7732 935767 935767 OTHER - MISC. 3307893 3220834 37304 49755 COMPUTER LEASES 1937256 1937256 FOOD SERVICE COSTS 1840300 1840300 OUTSIDE/CONTRACTED SERV 1733898 1505037 103626 125235 2912853 2721903 124797 66153 143621690 139491838 2624098 1505754 898919 497352 26476323 25599994 4996334 3998638 3971515 3183135 684960 318048 337618 179412 2960774 3967973 320392847 107658680 186666047 212734167 134308109 149815877 203640 129474 361504239 400424070 8245840 10033777 947589 1157938 19816002 18597202 4452591 4459348 33462022 34248265 X 212880529 229583606 115161688 136592199 328042217 366175805 361504239 400424070 X 12040643 25051054 1041891 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15326581 X X X 0 71305730 1790454 18626046 1507101 2753770 87461359 70511350 4132465 -1048478 1395730 893877 71305730 68179004 608686 3660113 1223708 712745 70511350 64979769 1336345 4100749 1201817 1036042 68179004 58664593 221925 7782205 1172582 516372 64979769 0.00000 0.57000 0.43000 0 0 16548147 16548147 204747635 65616609 139131026 68083465 42042071 26041394 31013600 31013600 212734167 ASSET RETIREMENT OBLIGATION 404293 DEFERRED SUPPORT 292850 ACCUM POST-RETIREMENT BENEFITS 2942411 US GOV'T GRANTS REFUNDABLE 819794 4459348 X 118201768 25051054 1041891 26092945 92108823 106000 63447510 63553510 155662333 80068180 0 80068180 106000 63447510 63553510 143621690 PART III, LINE 4: "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: ENDOWMENTS ARE USED FOR WHATEVER THE DONOR INTENT IS STATED. 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: THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS A TAX-EXEMPT ORGANIZATION AS PROVIDED FOR IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS BECAUSE THE UNIVERSITY DOES NOT HAVE A SIGNIFICANT AMOUNT OF UNRELATED BUSINESS INCOME. THE UNIVERSITY ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER CURRENT ACCOUNTING GUIDANCE, THE UNIVERSITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF THERE IS SUBSTANTIAL AUTHORITY THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE UNIVERSITY AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO SIGNIFICANT UNRECOGNIZED TAX EXPENSES IDENTIFIED OR RECORDED AS LIABILITIES DURING THE FISCAL YEARS 2021 AND 2020. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. AND STATE TAXING AUTHORITIES ARE FOR THE FISCAL YEARS ENDING JUNE 30, 2018 TO 2020, WHICH STATUTES EXPIRE IN 2022 TO 2024. OPEN TAX YEARS SUBJECT TO EXAMINATION BY STATE TAX AUTHORITIES ARE FISCAL YEARS ENDING JUNE 30, 2017 TO 2020, WHICH EXPIRE 2022 TO 2025. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 1,041,891. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANTS AND SCHOLARSHIPS 63,447,510. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANTS AND SCHOLARSHIPS 63,447,510. 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. SCHEDULE E, PART I, LINE 6 MSOE RECEIVES FINANCIAL AID FOR STUDENTS (PELL GRANTS, ETC) FROM GOVERNMENT AGENCIES. REGENT GOLF 169660 137660 32000 607 10080 25841 6662 PRESIDENT GOLF 133058 98683 34375 22434 716 6824 2 154694 111794 42900 7296 27858 777 8231 457412 348137 109275 607 17376 76133 1493 21717 117326 -8051 1 GRANTS/SCHOLARSHIPS 2565 63447510 PART I, LINE 2: 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, 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 DEPT. AS WELL AT EXTERNAL AUDITORS. 1 X X X 0 0 0 0 0 0 0 0 0 WALZ JOHN PRESIDENT 452256 0 46000 0 2980 0 17100 0 19934 0 538270 0 0 0 BAUMGARTNER ERIC VP - ACADEMICS 231079 0 28639 0 690 0 15913 0 19934 0 296255 0 0 0 VALLEY TIMOTHY VP - ENROLLMENT & STUDENT LIFE 183217 0 21856 0 690 0 12634 0 61283 0 279680 0 0 0 SNOW JEFFREY VP - DEVELOPMENT & ALUMNI AFFAIRS 203252 0 21096 0 3990 0 9187 0 18948 0 256473 0 0 0 THIBEDEAU DAWN VP - FINANCE 175497 0 20562 0 1980 0 11780 0 0 0 209819 0 0 0 PANHANS MATT DEPARTMENT CHAIR 165053 0 0 0 1008 0 10275 0 16664 0 193000 0 0 0 MORIN KEVIN VP - OPERATIONS 129747 0 14515 0 2633 0 9197 0 16664 0 172756 0 0 0 WILLIAMS STEPHEN DEPARTMENT CHAIR 169759 0 0 0 200 0 10329 0 7936 0 188224 0 0 0 BARRATT RUTH DEPARTMENT CHAIR 156183 0 0 0 0 0 9368 0 0 0 165551 0 0 0 THACHENKARY SEBASTIAN VP - MARKETING & COMM. ENGAGEMENT 140797 0 14079 0 0 0 9325 0 1240 0 165441 0 0 0 GERRITS RONALD PROFESSOR, PROGRAM DIRECTOR 158004 0 0 0 435 0 9496 0 0 0 167935 0 0 0 A CITY OF MILWAUKEE 391186734 60242NEF4 2012-05-01 30000000 CAMPUS BUILDINGS 0 1 0 A 15574266 30000000 2040172 598766 684551 12949307 2014 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 641360 THE UNIVERSITY LEASES COMMERCIAL SPACE TO DIRECT SUPPLY, INC. THE VALUE AND ACCOMODATIONS OF THE LEASE ARE AT ARM'S LENGTH AT PREVAILING MARKET RATES. 0 JOHN SCHLIESMANN BOARD OF REGENTS 104590 THE UNIVERSITY UTILIZES LEGAL SERVICES FROM REINHART BILLED AT OR BELOW STANDARD RATES. 0 X 1071 DONOR VALUE X MISCELLANEOUS 109 87137 DONOR VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO ANY BOARD MEMBER WHO REQUESTS ONE. A COPY OF THE FILED 990 IS PROVIDED TO THE AUDIT/FINANCE COMMITTEE OF THE BOARD FOR REVIEW. RELEVANT SELECTED QUESTIONS ANSWERED ON THE 990 ARE REVIEWED WITH THE AUDIT/FINANCE COMMITTEE BEFORE FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C 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 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 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 ON THE UNIVERSITY'S WEB SITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 1,041,891. MSOE PROPERTIES LLC 1025 N BROADWAY MILWAUKEE WI 53202 ACQUIRE, OWN, OPERATE MSOE PROPERTY WI 0 409600 MILWAUKEE SCHOOL OF ENGINEERING