2021-04-01T08:34:50-05:00 2020-06-30 390859910 BAKER TILLY US LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2019-07-01 390477970 MILWAUKEE SCHOOL OF ENGINEERING MILW 4142777300 1025 NORTH BROADWAY STREET MILWAUKEE WI 53202 DAWN THIBEDEAU VP OF FINANCE & CFO 4142777300 2021-03-31 1 TROY MARINE CPA P00187863 4147775500 2021-03-31 2019 2022-09-23 18:48:47Z JOHN Y WALZ PH D 1025 NORTH BROADWAY STREET MILWAUKEE WI 53202 196034981 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. 48 48 1683 487 956898 0 19389793 36944951 120239620 119091067 8773013 5137175 1394557 1510239 149796983 162683432 60696939 62442213 0 0 45216113 45151759 0 0 1288851 31935327 32507820 137848379 140101792 11948604 22581640 349444245 361504239 37469205 33462022 311975040 328042217 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 136426962 62442213 118613026 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 2019-20 WAS APPROXIMATELY 2,746 OF WHICH 2,566 WERE UNDERGRADUATES AND 180 WERE GRADUATE STUDENTS. 136426962 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 1 106 0 1683 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 48 48 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 WI X DAWN THIBEDEAU 4142777126 1025 N BROADWAY MILWAUKEE WI 53202 WALZ JOHN PRESIDENT 50.00 X X 478468 0 34746 BAUMGARTNER ERIC VP - ACADEMICS 50.00 X 239240 0 32558 WENTZ BLAKE DEPARTMENT CHAIR 40.00 X 236198 0 29534 VALLEY TIMOTHY VP - ENROLLMENT & STUDENT LIFE 50.00 X 189949 0 69552 SNOW JEFFREY VP - DEVELOPMENT & ALUMNI AFFAIRS 50.00 X 213719 0 30105 THIBEDEAU DAWN VP - FINANCE 50.00 X 182640 0 10856 PANHANS MATT DEPARTMENT CHAIR 40.00 X 164546 0 25104 WILLIAMS STEPHEN DEPARTMENT CHAIR 40.00 X 165811 0 19490 GERRITS RONALD PROFESSOR, PROGRAM DIRECTOR 40.00 X 169320 0 10149 BARRATT RUTH DEPARTMENT CHAIR 40.00 X 164159 0 9850 MORIN KEVIN VP - OPERATIONS 50.00 X 143604 0 23948 THACHENKARY SEBASTIAN VP - MARKETING & COMM. ENGAGEMENT 50.00 X 146519 0 10063 G WOODROW ADKINS BOARD OF REGENTS 1.00 X 0 0 0 JOHN J ALLEN BOARD OF REGENTS 1.00 X 0 0 0 MICHAEL J BARBER BOARD OF REGENTS 1.00 X 0 0 0 STEVEN G BOOTH BOARD OF REGENTS 1.00 X 0 0 0 KENDALL BREUNIG BOARD OF REGENTS 1.00 X 0 0 0 JOHN L CAIN 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 MICHAEL J CUDAHY BOARD OF REGENTS 1.00 X 0 0 0 DWIGHT DIERCKS BOARD OF REGENTS 1.00 X 0 0 0 JOHN E DUNCAN BOARD OF REGENTS 1.00 X 0 0 0 KEVIN FLETCHER BOARD OF REGENTS 1.00 X 0 0 0 PATRICK FORSYTHE BOARD OF REGENTS 1.00 X 0 0 0 RICHARD A GALLING BOARD OF REGENTS 1.00 X 0 0 0 TOM GLAISTER BOARD OF REGENTS 1.00 X 0 0 0 DUDLEY J GODFREY III BOARD OF REGENTS 1.00 X 0 0 0 KARL GOUVERNEUR BOARD OF REGENTS 1.00 X 0 0 0 JIM GRIFFIN BOARD OF REGENTS 1.00 X 0 0 0 ECKHART GROHMANN BOARD OF REGENTS 1.00 X 0 0 0 THOMAS J HAUSKE JR BOARD OF REGENTS 1.00 X 0 0 0 ROBERT J HILLIS BOARD OF REGENTS 1.00 X 0 0 0 MICHAEL E HORA BOARD OF REGENTS 1.00 X 0 0 0 RONALD J JENSEN BOARD OF REGENTS 1.00 X 0 0 0 ROBERT D KERN BOARD OF REGENTS 1.00 X 0 0 0 JAY V LOEWI BOARD OF REGENTS 1.00 X 0 0 0 PAUL B LUBER BOARD OF REGENTS 1.00 X 0 0 0 JOHN A MELLOWES BOARD OF REGENTS 1.00 X 0 0 0 JOHN W MELLOWES BOARD OF REGENTS 1.00 X 0 0 0 DANIEL J MOCERI BOARD OF REGENTS 1.00 X 0 0 0 SCOTT MOON BOARD OF REGENTS 1.00 X 0 0 0 EDWARD W RAETHER BOARD OF REGENTS 1.00 X 0 0 0 JAMES C RAHN BOARD OF REGENTS 1.00 X 0 0 0 MICHAEL J READER BOARD OF REGENTS 1.00 X 0 0 0 KATHY RUEHLOW BOARD OF REGENTS 1.00 X 0 0 0 ALAN J RUDD BOARD OF REGENTS 1.00 X 0 0 0 DON SCHLIDT 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 GARY STIMAC BOARD OF REGENTS 1.00 X 0 0 0 DAWN TABAT BOARD OF REGENTS 1.00 X 0 0 0 ALFRED TECTOR BOARD OF REGENTS 1.00 X 0 0 0 MARK TRAIN BOARD OF REGENTS 1.00 X 0 0 0 PAM VIETS BOARD OF REGENTS 1.00 X 0 0 0 ROBERT A WAGNER BOARD OF REGENTS 1.00 X 0 0 0 JAMES B WIGDALE BOARD OF REGENTS 1.00 X 0 0 0 NEAL K WUNDERLICH BOARD OF REGENTS 1.00 X 0 0 0 KEVIN ZABA BOARD OF REGENTS 1.00 X 0 0 0 2494173 0 305955 77 0 1 0 MA MORTENSON COMPANY 17975 W SARAH LANE 200 BROOKFIELD WI 53045 BUILDING CONSTRUCTION MANAGEMENT 7613250 CG SCHMIDT INC 11777 WEST LAKE PARK DRIVE MILWAUKEE WI 53224 BUILDING CONSTRUCTION 2553982 UIHLEINWILSON-RAMLOWSTEIN ARCHITECTS 322 E MICHIGAN STREET UNIT 400 MILWAUKEE WI 53202 ARCHITECTURE AND DESIGN SUPPORT 1942266 A'VIANDS LLC 6333 N GREEN BAY AVE MILWAUKEE WI 53209 FOOD SERVICE 1509614 ALADDIN FOOD MANAGEMENT SERVICE 2400 ANSYS DRIVE SUITE 404 CANONSBURG PA 15317 FOOD SERVICE 941054 20 149532 7885954 28909465 1196222 36944951 TUITION/FEES 900099 104868950 104868950 AUX. ENTERPRISES 812930 10835846 10357805 478041 TECHNOLOGY CENTER 900099 2372122 2372122 GOVERNMENT CONTRACTS 900099 1014149 1014149 119091067 2629119 478857 2150262 489699 220189 269510 269510 269510 35592102 33084046 2508056 2508056 2508056 34800 149532 47314 -12514 -12514 OTHER INCOME 900099 1253243 1253243 1253243 162683432 118613026 956898 6168557 62442213 62442213 1557473 517244 818928 221301 33226167 31855168 716920 654079 1550348 1406957 92011 51380 6390624 6256484 99003 35137 2427147 2261672 91161 74314 134790 134790 111892 111892 596279 596279 1105418 1103885 1533 2175060 2128353 19505 27202 1810048 1810048 3484642 3465608 10136 8898 879435 816576 18919 43940 844414 844414 8773553 8766163 559 6831 881967 881967 OTHER - MISC. 3380567 3239263 38533 102771 FOOD SERVICE COSTS 1910657 1910657 COMPUTER LEASES 1896245 1896245 OUTSIDE/CONTRACTED SERV 1600624 1467819 96465 36340 2922229 2759947 137157 25125 140101792 136426962 2385979 1288851 1150518 898919 27633340 26476323 3221400 4996334 2653367 3971515 1152942 684960 222470 337618 3341534 2960774 284640938 97974891 175876665 186666047 133974835 134308109 217174 203640 349444245 361504239 10021775 8245840 1084791 947589 20999802 19816002 5362837 4452591 37469205 33462022 X 178804504 212880529 133170536 115161688 311975040 328042217 349444245 361504239 X 22581640 -6091192 -423271 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15300071 X X X 0 70511350 4132465 -1048478 1395730 893877 71305730 68179004 608686 3660113 1223708 712745 70511350 64979769 1336345 4100749 1201817 1036042 68179004 58664593 221925 7782205 1172582 516372 64979769 59972726 524219 -470685 1022030 339637 58664593 0.00000 0.67000 0.33000 0 0 16548147 16548147 195855931 59955730 135900201 66185033 38019161 28165872 6051827 6051827 186666047 ASSET RETIREMENT OBLIGATION 393063 DEFERRED SUPPORT 200774 ACCUM POST-RETIREMENT BENEFITS 2612239 US GOV'T GRANTS REFUNDABLE 1246515 4452591 X 93726756 -6091192 -423271 -6514463 100241219 62442213 62442213 162683432 77659579 0 77659579 62442213 62442213 140101792 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 FISCAL YEAR 2020 AND 2019. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. TAXING AUTHORITIES ARE FISCAL YEARS ENDING JUNE 30, 2017 TO 2019, WHICH STATUTES EXPIRE 2021 TO 2023. OPEN TAX YEARS SUBJECT TO EXAMINATION BY STATE TAX AUTHORITIES ARE FISCAL YEARS ENDING JUNE 30, 2016 TO 2019, WHICH EXPIRE 2021 TO 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT -423,271. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANTS AND SCHOLARSHIPS 62,442,213. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANTS AND SCHOLARSHIPS 62,442,213. 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 184332 149532 34800 414 5160 28708 4000 9032 184332 149532 34800 414 5160 28708 4000 9032 47314 -12514 1 GRANTS/SCHOLARSHIPS 2597 62442213 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 453729 0 23000 0 1739 0 16800 0 17946 0 513214 0 0 0 BAUMGARTNER ERIC VP - ACADEMICS 227019 0 11588 0 633 0 14612 0 17946 0 271798 0 0 0 WENTZ BLAKE DEPARTMENT CHAIR 236198 0 0 0 0 0 14558 0 14976 0 265732 0 0 0 VALLEY TIMOTHY VP - ENROLLMENT & STUDENT LIFE 180167 0 9243 0 539 0 11655 0 57897 0 259501 0 0 0 SNOW JEFFREY VP - DEVELOPMENT & ALUMNI AFFAIRS 199639 0 10341 0 3739 0 13040 0 17065 0 243824 0 0 0 THIBEDEAU DAWN VP - FINANCE 172202 0 8609 0 1829 0 10856 0 0 0 193496 0 0 0 PANHANS MATT DEPARTMENT CHAIR 164042 0 0 0 504 0 10128 0 14976 0 189650 0 0 0 WILLIAMS STEPHEN DEPARTMENT CHAIR 165811 0 0 0 0 0 10090 0 9400 0 185301 0 0 0 GERRITS RONALD PROFESSOR, PROGRAM DIRECTOR 168967 0 0 0 353 0 10149 0 0 0 179469 0 0 0 BARRATT RUTH DEPARTMENT CHAIR 164159 0 0 0 0 0 9850 0 0 0 174009 0 0 0 MORIN KEVIN VP - OPERATIONS 133753 0 7115 0 2736 0 8972 0 14976 0 167552 0 0 0 THACHENKARY SEBASTIAN VP - MARKETING & COMM. ENGAGEMENT 137617 0 8902 0 0 0 8823 0 1240 0 156582 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 489699 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 61306 THE UNIVERSITY UTILIZES LEGAL SERVICES FROM REINHART BILLED AT OR BELOW STANDARD RATES. 0 X 369 DONOR VALUE X BUILDING IMPROVEMENTS 1 1150000 DONOR VALUE X OTHER 62 25959 DONOR VALUE X BUILDING MATERIALS 1 19894 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 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 -423,271. MSOE PROPERTIES LLC 1025 N BROADWAY MILWAUKEE WI 53202 ACQUIRE, OWN, OPERATE MSOE PROPERTY WI 0 409600 MILWAUKEE SCHOOL OF ENGINEERING