2020-03-26T13:01:29-05:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2018-07-01 390477970 MILWAUKEE SCHOOL OF ENGINEERING MILW 4142777300 1025 NORTH BROADWAY STREET MILWAUKEE WI 53202 DAWN THIBEDEAU VP OF FINANCE & CFO 4142777300 2020-03-25 1 TROY MARINE CPA P00187863 4147775500 2020-03-25 104.231.254.62 2020-03-25 11:28:13 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 793A1E00ACF041F16FD41A7A782950CAF62641F6 2018 2021-01-29 14:40:06Z JOHN Y WALZ PH D 1025 NORTH BROADWAY STREET MILWAUKEE WI 53202 297037272 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. 52 52 1692 501 1281011 0 51887222 19389793 117987503 120239620 9107846 8773013 1509550 1394557 180492121 149796983 58052419 60696939 0 0 43459998 45216113 0 0 1478558 30260063 31935327 131772480 137848379 48719641 11948604 337112221 349444245 35963121 37469205 301149100 311975040 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 133918983 60696939 119370625 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 2018-19 WAS APPROXIMATELY 2,820 OF WHICH 2,596 WERE UNDERGRADUATES AND 224 WERE GRADUATE STUDENTS. 133918983 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 1 107 0 1692 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 52 52 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 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 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 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 AUGUST A RAMIREZ 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 DAVID A SELBY 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 MARK TRAIN BOARD OF REGENTS 1.00 X 0 0 0 PAM VIETS BOARD OF REGENTS 1.00 X 0 0 0 GARY VROMAN 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 WALZ JOHN Y PRESIDENT 50.00 X X 501189 0 33209 BAUMGARTNER ERIC VP - ACADEMICS 50.00 X 244223 0 31637 MORIN KEVIN VP - OPERATIONS 50.00 X 146937 0 22985 SNOW JEFFREY VP - DEVELOPMENT & ALUMNI AFFAIRS 50.00 X 217521 0 25746 THACHENKARY SEBASTIAN VP - MARKETING & COMM. ENGAGEMENT 50.00 X 145226 0 10013 THIBEDEAU DAWN VP - FINANCE 50.00 X 185499 0 11061 VALLEY TIMOTHY VP - ENROLLMENT & STUDENT LIFE 50.00 X 182106 0 74545 BARRATT RUTH DEPARTMENT CHAIR 40.00 X 179813 0 10809 GERRITS RONALD PROFESSOR, PROGRAM DIRECTOR 40.00 X 180652 0 10838 PANHANS MATT DEPARTMENT CHAIR 40.00 X 160506 0 23828 WILLIAMS STEPHEN M DEPARTMENT CHAIR 40.00 X 160812 0 21591 WENTZ BLAKE DEPARTMENT CHAIR 40.00 X 222601 0 24905 2527085 0 301167 78 0 1 0 MA MORTENSON COMPANY 17975 W SARAH LANE 200 BROOKFIELD WI 53045 BUILDING CONSTRUCTION MANAGEMENT 23489774 A'VIANDS LLC 6333 N GREEN BAY AVE MILWAUKEE WI 53209 FOOD SERVICE 3302242 UIHLEINWILSON-RAMLOWSTEIN ARCHITECTS 322 E MICHIGAN STREET UNIT 400 MILWAUKEE WI 53202 ARCHITECTURE AND DESIGN SUPPORT 1446473 JP CULLEN & SONS INC PO BOX 5957 JANESVILLE WI 535475957 BUILDING REPAIR 894619 EASI LLC 7301 PARKWAY DR HANOVER MD 21076 ENGINEERING SERVICES 400000 18 268630 6087759 13033404 201945 19389793 TUITION/FEES 900099 103050360 103050360 AUX. ENTERPRISES 812930 13725862 12856867 868995 TECHNOLOGY CENTER 900099 2595237 2595237 GOVERNMENT CONTRACTS 900099 868161 868161 120239620 3195196 412016 2783180 289437 260745 28692 28692 28692 152432943 42008 146897134 0 5535809 42008 5577817 5577817 68000 268630 82410 -14410 -14410 OTHER INCOME 900099 1380275 1380275 1380275 149796983 119370625 1281011 9755554 60696939 60696939 1535954 554645 774485 206824 33877022 32401114 818222 657686 1554411 1408261 95423 50727 5828945 5739987 70870 18088 2419781 2250434 95865 73482 95943 95943 120172 120172 744645 744645 1053123 1047346 5777 2880073 2832324 25790 21959 1768138 1768138 3573558 3553116 10886 9556 1062832 991767 24244 46821 872783 872783 6562557 6559004 559 2994 823297 823297 OTHER - MISC. 3000629 2671675 75802 253152 FOOD SERVICE COSTS 2624795 2624795 OUTSIDE/CONTRACTED SERV 1957532 1754718 116222 86592 COMPUTER LEASES 1831291 1831291 2963959 2792704 126355 44900 137848379 133918983 2450838 1478558 417503 1150518 20145755 27633340 1048090 3221400 3679102 2653367 1593422 1152942 244031 222470 3083406 3341534 265284040 89407375 148375815 175876665 158299936 133974835 225161 217174 337112221 349444245 6641121 10021775 1769617 1084791 22158602 20999802 5393781 5362837 35963121 37469205 X 178566564 178804504 78571144 0 44011392 133170536 301149100 311975040 337112221 349444245 X 11948604 -1216263 93599 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15263866 X X X 0 68179004 608686 3660113 1223708 712745 70511350 64979769 1336345 4100749 1201817 1036042 68179004 58664593 221925 7782205 1172582 516372 64979769 59972726 524219 -470685 1022030 339637 58664593 59540559 1026568 582690 989385 187706 59972726 0.00000 0.62000 0.38000 0 0 16548147 16548147 154203506 54759819 99443687 60710869 34647556 26063313 33821518 33821518 175876665 ASSET RETIREMENT OBLIGATION 381833 DEFERRED SUPPORT 784545 ACCUM POST-RETIREMENT BENEFITS 2179138 US GOV'T GRANTS REFUNDABLE 2017321 5362837 X 87977380 -1216263 93599 -1122664 89100044 60696939 60696939 149796983 77151440 0 77151440 60696939 60696939 137848379 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 2019 AND 2018. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. AND STATE TAXING AUTHORITIES ARE FOR THE FISCAL YEARS ENDING JUNE 30, 2016 TO 2018, WHICH STATUTES EXPIRE IN 2020 TO 2022. OPEN TAX YEARS SUBJECT TO EXAMINATION BY STATE TAX AUTHORITIES ARE FISCAL YEARS ENDING JUNE 30, 2015 TO 2018, WHICH EXPIRE 2020 TO 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT INTEREST AGREEMENT 93,599. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANTS AND SCHOLARSHIPS 60,696,939. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT GRANTS AND SCHOLARSHIPS 60,696,939. 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 168117 136117 32000 335 5172 23121 2000 6118 PRESIDENT GOLF 168513 132513 36000 5302 29939 590 9833 336630 268630 68000 335 10474 53060 590 2000 15951 82410 -14410 1 GRANTS/SCHOLARSHIPS 2626 60696939 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 Y PRESIDENT 453526 0 46000 0 1663 0 16500 0 16709 0 534398 0 0 0 BAUMGARTNER ERIC VP - ACADEMICS 221935 0 21825 0 463 0 14928 0 16709 0 275860 0 0 0 MORIN KEVIN VP - OPERATIONS 131156 0 13010 0 2771 0 9060 0 13925 0 169922 0 0 0 SNOW JEFFREY VP - DEVELOPMENT & ALUMNI AFFAIRS 197283 0 19175 0 1063 0 9037 0 16709 0 243267 0 0 0 THACHENKARY SEBASTIAN VP - MARKETING & COMM. ENGAGEMENT 132126 0 13100 0 0 0 8773 0 1240 0 155239 0 0 0 THIBEDEAU DAWN VP - FINANCE 168031 0 15715 0 1753 0 11061 0 0 0 196560 0 0 0 VALLEY TIMOTHY VP - ENROLLMENT & STUDENT LIFE 165893 0 15750 0 463 0 11187 0 63358 0 256651 0 0 0 BARRATT RUTH DEPARTMENT CHAIR 179813 0 0 0 0 0 10809 0 0 0 190622 0 0 0 GERRITS RONALD PROFESSOR, PROGRAM DIRECTOR 180448 0 0 0 204 0 10838 0 0 0 191490 0 0 0 PANHANS MATT DEPARTMENT CHAIR 159786 0 0 0 720 0 9903 0 13925 0 184334 0 0 0 WILLIAMS STEPHEN M DEPARTMENT CHAIR 160312 0 0 0 500 0 9855 0 11736 0 182403 0 0 0 WENTZ BLAKE DEPARTMENT CHAIR 222601 0 0 0 0 0 13715 0 11190 0 247506 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 DAVID UIHLEIN JR BOARD OF REGENTS 1446473 UIHLEIN-WILSON ARCHITECTS SERVE AS THE ORGANIZATION CAMPUS PLANNER AND ARCHITECTS FOR MAJOR BUILDING AND RENOVATION PROJECTS. THIS RELATIONSHIP IS CARRIED OUT AT AN ARM'S LENGTH TRANSACTION. 0 ROBERT HILLIS BOARD OF REGENTS 289437 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 70750 THE UNIVERSITY UTILIZES LEGAL SERVICES FROM REINHART BILLED AT OR BELOW STANDARD RATES. 0 X 290 DONOR VALUE X MISCELLANEOUS 97 201655 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 93,599. MSOE PROPERTIES LLC 1025 N BROADWAY MILWAUKEE WI 53202 ACQUIRE, OWN, OPERATE MSOE PROPERTY WI 0 409600 MILWAUKEE SCHOOL OF ENGINEERING