2022-11-14T15:29:59-06:00 2022-05-31 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2021-06-01 391201561 MILWAUKEE INSTITUTE OF ART & DESIGN INC MILW 4148473231 273 EAST ERIE STREET MILWAUKEE WI 53202 JEFFREY MORIN PRESIDENT 4148473231 2022-11-07 1 JEFFREY MORIN 999009999 TROY MARINE CPA P00187863 4147775500 2022-11-07 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JEFFREY MORIN 273 EAST ERIE STREET MILWAUKEE WI 53202 43018763 0 X WWW.MIAD.EDU X 1974 WI THE MILWAUKEE INSTITUTE OF ART AND DESIGN'S MISSION IS TO IGNITE CURIOUS MINDS THROUGH ART, DESIGN AND SERVICE. WE VALUE COURAGE TO SEEK OUR OWN PATH, INTEGRITY TO PURSUE OUR LIVES AND WORK WITH MEANING, KINDNESS TO THOUGHTFULLY ENGAGE WITH OTHERS, COMMUNITY TO POSITIVELY CONTRIBUTE TO THE WORLD AROUND US, INNOVATION TO MEET UNIVERSAL CHALLENGES IN NEW WAYS, AND INCLUSION TO FIND STRENGTH IN DIVERSITY. OUR VISION IS TO BE A GALVANIZED EDUCATIONAL AND CREATIVE COMMUNITY, ADDRESSING UNIVERAL NEEDS THROUGH OUR THOUGHT, DESIGN AND EXPRESSION. 25 25 536 25 0 0 6189422 6232104 36242475 35885590 -403349 170231 75576 45428 42104124 42333353 18760208 19803792 0 0 12285918 12728521 347300 40300 674565 6301644 6655576 37695070 39228189 4409054 3105164 27549247 27917955 10872664 8533126 16676583 19384829 X THE MILWAUKEE INSTITUTE OF ART AND DESIGN'S MISSION IS TO IGNITE CURIOUS MINDS THROUGH ART, DESIGN AND SERVICE. WE VALUE COURAGE TO SEEK OUR OWN PATH, INTEGRITY TO PURSUE OUR LIVES AND WORK WITH MEANING, KINDNESS TO THOUGHTFULLY ENGAGE WITH OTHERS, COMMUNITY TO POSITIVELY CONTRIBUTE TO THE WORLD AROUND US, INNOVATION TO MEET UNIVERSAL CHALLENGES IN NEW WAYS, AND INCLUSION TO FIND STRENGTH IN DIVERSITY. OUR VISION IS TO BE A GALVANIZED EDUCATIONAL AND CREATIVE COMMUNITY, ADDRESSING UNIVERAL NEEDS THROUGH OUR THOUGHT, DESIGN AND EXPRESSION. 0 0 34781768 19803792 35885590 THE MILWAUKEE INSTITUTE OF ART & DESIGN (MIAD) WAS FOUNDED IN 1974 AND IS A NONPROFIT COLLEGE OFFERING A BACHELOR OF FINE ARTS DEGREE ACCREDITED BY THE HIGHER LEARNING COMMISSION AND THE NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN. THE COLLEGE ENROLLS APPROXIMATELY 900 STUDENTS IN FIVE MAJORS: COMMUNICATION DESIGN, ILLUSTRATION, INTERIOR ARCHITECTURE AND DESIGN, NEW STUDIO PRACTICE: FINE ARTS AND PRODUCT DESIGN. MIAD ENGAGES ALL STUDENTS IN A SERVICE LEARNING PROGRAM WITH 200+ NONPROFIT PARTNERS AND THE COLLEGE CONNECTS STUDENTS TO INDUSTRY LEADERS AND HANDS-ON OPPORTUNITIES IN THEIR FIELD THROUGH THE MIAD INNOVATION CENTER AND SPONSORED CURRICULUM PROJECTS. MIAD SUPPORTS OUR DIVERSE STUDENT BODY WITH THE RESOURCES THEY NEED TO THRIVE. MIAD'S DESIGN AND ILLUSTRATION MAJORS RANK AMONG THE TOP PROGRAMS NATIONALLY AND REGIONALLY. MIAD HAS BEEN NAMED A TOP DESIGN SCHOOL BY GRAPHIC DESIGN USA FOR SIX CONSECUTIVE YEARS. THE ANIMATION CAREER REVIEW NAMED MIAD THE #1 GRAPHIC DESIGN SCHOOL IN WISCONSIN IN 2021 AND THE #1 ILLUSTRATION SCHOOL IN WISCONSIN IN 2022. IN 2022, MIAD LAUNCHED AN ANIMATION TRACK IN PARTNERSHIP WITH ITS ILLUSTRATION MAJOR TO FURTHER THE REACH OF GRADUATES IN THE INDUSTRY.IN ADDITION TO BACHELOR'S DEGREE PROGRAMS, MIAD BRINGS ROBUST CAREER PATHWAYS AND COLLEGE-READINESS EXPERIENCES AND INTERNSHIPS TO HIGH SCHOOL YOUTH AND OFFERS CULTURAL EXPERIENCES AND PROGRAMMING TO THE GREATER MILWAUKEE COMMUNITY. 34781768 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 55 0 1 536 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 25 25 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X X KELLY BERES INTERIM VP FOR FINANCIAL AFFAIRS 4148473235 273 EAST ERIE STREET MILWAUKEE WI 53202 SARAH ZIMMERMAN CHAIR 1.00 X X 0 0 0 JASON ALLEN TREASURER 1.00 X X 0 0 0 DEANNA TILLISCH SECRETARY 1.00 X X 0 0 0 WILLIAM ANDERSON TRUSTEE 1.00 X 0 0 0 REBECCA BALISTRERI TRUSTEE 1.00 X 0 0 0 YVONNE BRODSKY TRUSTEE 1.00 X 0 0 0 DAVID COBB TRUSTEE 1.00 X 0 0 0 CASEY DOUGHERTY TRUSTEE 1.00 X 0 0 0 ROBERT DUMVILLE TRUSTEE 1.00 X 0 0 0 LEESA GILLIAM TRUSTEE 1.00 X 0 0 0 CRAIG KOPROWSKI TRUSTEE 1.00 X 0 0 0 MADELEINE KELLY LUBAR TRUSTEE 1.00 X 0 0 0 GEOFFREY MACKEY TRUSTEE 1.00 X 0 0 0 ROBERT MIKULAY TRUSTEE 1.00 X 0 0 0 STEVE MORALES TRUSTEE 1.00 X 0 0 0 DAVID NELSON TRUSTEE 1.00 X 0 0 0 LAURA PECK TRUSTEE 1.00 X 0 0 0 RYAN RAMOS TRUSTEE 1.00 X 0 0 0 XAVIER RUFFIN TRUSTEE 1.00 X 0 0 0 NATHANIEL SATTLER TRUSTEE 1.00 X 0 0 0 AMANDA SINGH TRUSTEE 1.00 X 0 0 0 JANE KIM STEPHENS TRUSTEE 1.00 X 0 0 0 DENISHA TATE-MCALISTER TRUSTEE 1.00 X 0 0 0 KIMBERLIE WEEKLY TRUSTEE 1.00 X 0 0 0 ANDREW WILLIAMS TRUSTEE 1.00 X 0 0 0 JEFFREY MORIN PRESIDENT 40.00 X 232195 0 35074 BRENDA JONES VP FINANCE 40.00 X 141531 0 28268 MARK FETHERSTON VP ENROLLMENT MANAGEMENT 40.00 X 134536 0 25223 DALE SCHIDLER VP ACADEMIC AFFAIRS (THROUGH 08/15) 40.00 X 103597 0 24514 TRACY MILKOWSKI VP DEVELOPMENT AND COMMUNICATION (THROUGH 1/31) 40.00 X 118044 0 24208 729903 0 137287 5 0 1 0 CATCON INC 833 E MICHIGAN ST SUITE 1000 MILWAUKEE WI 53202 GENERAL CONTRACTOR- CONSTRUCTION 875503 ALLIED UNIVERSAL PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY PERSONNEL 282974 COMMUNITY COUNSELING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 19182 FUNDRAISING CONSULTANT 119000 3 398960 4259049 1574095 39275 6232104 TUITION AND FEES 611600 35885590 35885590 35885590 169961 169961 151235 150965 270 270 270 32250 398960 151334 -119084 -119084 429713 383111 46602 46602 MISCELLANEOUS REVENUE 611710 117910 117910 117910 42333353 35885590 0 215659 19803792 19803792 931504 299870 469889 161745 9760134 7817528 1591989 350617 343439 270824 63357 9258 933454 965943 -59835 27346 759990 591876 132624 35490 15277 15277 43324 43324 40300 40300 7065 7065 619334 238813 380498 23 303262 254350 45069 3843 717294 627951 71952 17391 693564 533207 160357 156173 144250 11750 173 317922 317922 1045747 1045747 SUPPLIES 705655 591577 112510 1568 MISCELLANEOUS 556168 297705 253053 5410 STUDENT SERVICES 530878 526199 4679 EQUIPMENT REPAIR AND MT 417139 215109 201371 659 526774 239105 271606 16063 39228189 34781768 3771856 674565 171869 31850 7710929 8631020 1989658 1483797 703783 440049 10378 9961 372133 377411 27149588 12576507 13968839 14573081 2621658 2370786 27549247 27917955 1076307 1104893 902824 966549 6853673 6461684 2039860 0 10872664 8533126 X 9888583 13403008 6788000 5981821 16676583 19384829 27549247 27917955 3105164 -396918 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 326990 235108 X X X 1 4082869 65039 -248054 209840 3690014 3397721 172043 718880 205775 4082869 2998560 423091 182440 206370 3397721 3170700 35660 207800 2998560 3152534 222344 204178 3170700 0.23000 0.77000 0.00000 0 0 725000 725000 18794183 7666437 11127746 6378754 4316017 2062737 1251651 594053 657598 14573081 X 23916859 -396918 534445 137527 23779332 7065 18546956 18554021 42333353 21208613 534445 534445 20674168 7065 18546956 18554021 39228189 PART III, LINE 4: THE COLLECTION IS USED TO FURTHER THE EDUCATIONAL PURPOSE OF THE INSTITUTION IN ADVANCING THE STUDENT AND PUBLIC APPRECIATION OF CONTEMPORARY ART. PART V, LINE 4: ENDOWMENT FUNDS ARE RESTRICTED FOR STUDENT SCHOLARSHIP AND ACADEMIC PROGRAM SUPPORT. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE INSTITUTE IS ALSO EXEMPT FROM STATE INCOME TAXES. THE INSTITUTE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE INSTITUTE FOR UNCERTAIN TAX POSITIONS AS OF MAY 31, 2022 AND 2021. THE INSTITUTE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 383,111. SPECIAL EVENTS EXPENSE 151,334. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION DISCOUNTS 18,546,956. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 383,111. SPECIAL EVENTS EXPENSE 151,334. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND TUITION DISCOUNTS 18,546,956. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 REGISTRATION MATERIALS AND BROCHURES STATE POLICY SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES STUDENT FINANCIAL AID. X X X X X X X 1 COMMUNITY COUNSELING SERVICES PO BOX 82445 PHILADELPHIA PA 19182 CAMPAIGN CONSULTANT 0 0 34000 -34000 FUND DEVELOPMENT CORPORATION 8112 W BLUEMOUND RD STE 201 MILWAUKEE WI 53213 GRANT WRITING SERVICES 0 0 6300 -6300 40300 -40300 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY CREATIVE FUSION 418763 386513 32250 141178 STU/ALUM ART SALE 12447 12447 10156 431210 398960 32250 151334 151334 -119084 1 SCHOLARSHIPS AND TUITION DISCOUNTS 910 18546956 STUDENT EMERGENCY GRANTS 510 1256836 PART I, LINE 2: ALL FINANCIAL AID FUNDS ARE AWARDED THROUGH THE COLLEGE'S FINANCIAL AID OFFICE AND POSTED DIRECTLY TO THE STUDENTS' ACCOUNTS BY THE STUDENT ACCOUNTS OFFICE. STUDENTS MAY BE AWARDED GRANT FUNDS ON THE BASIS OF ACADEMIC ACHIEVEMENT AND/OR FINANCIAL NEED. IN EACH CASE THE STUDENT CAN RETAIN ELIGIBILITY FOR FUNDING FOR AS MANY AS EIGHT SEMESTERS AS A FULL-TIME STUDENT, PROVIDED THE STUDENT MEETS THE RENEWAL CRITERIA SUCH AS GRADE POINT AVERAGE AND GRADE PROCESSION AS OUTLINED IN THE STUDENT HANDBOOK. AN INDIVIDUAL STUDENT MAY NOT RECEIVE MORE THAN THE COST OF TUITION FROM THE INSTITUTIONAL GRANT FUNDS. A RECONCILIATION IS DONE REGULARLY BETWEEN THE TWO DEPARTMENTS/SYSTEMS TO ENSURE ACCURACY AND PROPER USE OF THE FUNDS. STUDENT EMERGENCY GRANTS FUNDED BY THE CARES ACT AND PRIVATE DONATIONS WERE AWARDED TO STUDENTS DURING THE COVID PANDEMIC. FUNDS WERE ADMINISTERED THROUGH BOTH THE FINANCIAL AID OFFICE AND STUDENT SERVICES OFFICE FOLLOWING DEPT OF EDUCATION GUIDELINES FOR ELIGIBILITY. AN ANNUAL AUDIT IS PERFORMED BY AN OUTSIDE ACCOUNTING FIRM TO REVIEW COMPLIANCE WITH ALL FEDERAL, STATE AND INSTITUTIONAL POLICIES AND PROCEDURES. X X X 0 0 0 0 0 0 0 0 0 JEFFREY MORIN PRESIDENT 216421 0 15000 0 774 0 13009 0 22065 0 267269 0 0 0 BRENDA JONES VP FINANCE 141241 0 0 0 290 0 8016 0 20252 0 169799 0 0 0 MARK FETHERSTON VP ENROLLMENT MANAGEMENT 134437 0 0 0 99 0 6829 0 18394 0 159759 0 0 0 PART I, LINE 3 THE BOARD OF TRUSTEES IS RESPONSIBLE FOR REVIEWING AND DETERMINING THE COMPENSATION OF THE PRESIDENT. COMPARISONS ARE MADE TO SIMILAR POSITIONS IN COMPARABLE ENTITIES THROUGH USE OF REGIONAL AND NATIONAL COMPENSTAION SURVEYS. X 14 31050 DONOR REPORTED X 1675 DONOR REPORTED X 1 100 DONOR REPORTED X FOOD NON-INVENTORY 2 5500 DONOR REPORTED X PROGRAM EQUIPMENT AND SUPPLIES 1 500 DONOR REPORTED X PROFESSIONAL SERVICES 1 450 DONOR REPORTED 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS BEING LISTED. FORM 990, PART VI, SECTION A, LINE 1A COMPOSITION, PURPOSE AND RESPONSIBILITIES OF THE EXECUTIVE COMMITTEE. SECTION 1: ALL MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE VOTING TRUSTEES. THE CHAIR, VICE CHAIR, SECRETARY, ASSISTANT SECRETARY, TREASURER AND ASSISTANT TREASURER OF THE BOARD OF TRUSTEES SHALL BE MEMBERS ALONG WITH THE STANDING COMMITTEE CHAIRS OF THE FINANCE, ACADEMIC AFFAIRS, THE COMMITTEE ON TRUSTEES, FACILITIES COMMITTEE, DEVELOPMENT, AND MARKETING COMMITTEES. ELIGIBLE PAST CHAIRS OF THE BOARD OF TRUSTEES SERVE ON THE EXECUTIVE COMMITTEE FOR A PERIOD OF ONE YEAR FOLLOWING THE END OF HIS OR HER TERM AS CHAIR. IN THE EVENT A TRUSTEE IS ELECTED TO THE POSITION OF CHAIR IN THE FINAL YEAR OF HIS OR HER THIRD, THREE-YEAR TERM, SUCH ELECTION WILL SUPERCEDE THE LIMITATION ON SERVICE AND SUBSTITUTE FOR THE ONE-YEAR'S ABSENCE OF MEMBERSHIP. SECTION 2: THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO ACT FOR THE BOARD OF TRUSTEES ON ALL MATTERS EXCEPT PRESIDENTIAL SELECTION AND TERMINATION AND TRUSTEE AND BOARD OFFICER SELECTION, WHICH SHALL BE PRESERVED FOR THE BOARD, CHANGES IN INSTITUTIONAL MISSION AND PURPOSE; CHANGES TO THE CHARTER OR ARTICLE OF INCORPORATION; INCURRING OF CORPORATE INDEBTEDNESS; SALE OF COLLEGE MATERIAL ASSETS OR TANGIBLE PROPERTY; ADOPTION OF THE ANNUAL BUDGET, CONFERRING DEGREES AND AMENDMENT OR CHANGE TO THESE BY-LAWS. THESE BY-LAWS OR OTHER BOARD POLICY MAY RESERVE OTHER POWERS FOR THE BOARD OF TRUSTEES. IN ADDITIONAL TO ITS AUTHORITY TO TAKE ACTION ON EMERGENCY MATTERS THAT CANNOT OR SHOULD NOT BE DEFERRED TO THE NEXT SCHEDULED MEETING OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL OVERSEE THE WORK OF BOARD COMMITTEES, THE COLLEGE'S PLANNING PROCESS ON PLANNING GOALS, AND THE BOARD'S RESPONSIBILITY TO SUPPORT THE PRESIDENT AND EVALUATE HIS OR HER PERFORMANCE, AND IT SHALL REVIEW ANNUALLY THE PRESIDENT'S COMPENSATION AND CONDITIONS OF EMPLOYMENT. FORM 990, PART VI, SECTION A, LINE 4 CHANGE IN TRUSTEE EMERITI POLICY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE VICE PRESIDENT FOR FINANCIAL AFFAIRS AND APPROVED BY THE PRESIDENT. A COPY OF THE 990 IN ITS ENTIRETY IS PROVIDED TO THE FINANCE COMMITTEE (SUBSET OF THE BOARD OF TRUSTEES) FOR REVIEW PRIOR TO FILING. THE FORM IS PROVIDED TO THE ENTIRE GOVERNING BODY AFTER FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD BYLAWS INCORPORATE A CONFLICT OF INTEREST POLICY. BOARD MINUTES REFLECT TRUSTEES ACTING TO RECUSE THEMSELVES WHEN A CONFLICT ARISES. CONFLICT OF INTEREST DISCLOSURE FORMS ARE COMPLETED ANNUALLY BY ALL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT IS EVALUATED BY THE EXECUTIVE COMMITTEE AND THE COMPENSATION COMMITTEE WHICH THEN RECOMMENDS A SALARY BASED ON COMPARABLE DATA. THE PRESIDENT EVALUATES ALL SENIOR STAFF AND REVIEWS THEIR COMPENSATION WITH THE BOARD AND THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.