University Lake School Inc
- Assets
- $11.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 90
- Location
- Hartland, WI
- Founding
- 11/1956
- Data as of
- 06/2023
- EIN
- 39-0942763
Organization Overview
University Lake School Inc is located in Hartland, WI. The organization was established in 1956. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, University Lake School Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Lake School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, University Lake School Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $7.7m during the year ending 06/2023. While expenses have increased by 2.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UNIVERSITY LAKE SCHOOL IS A COLLEGE PREPARATORY SCHOOL THAT DELIVERS AN INCOMPARABLE EDUCATION DRIVEN BY HIGH STANDARDS AND A UNIQUE APPROACH TO LEARNING. OUR DYNAMIC AND RIGOROUS CURRICULUM CHALLENGES THE WHOLE STUDENT BY INTEGRATING INNOVATIVE ACADEMIC, LEADERSHIP, ATHLETIC, ARTISTIC, AND SERVICE LEARNING EXPERIENCES WITHIN A VIBRANT AND JOYFUL COMMUNITY. WE INSPIRE: INTELLECTUAL CURIOSITY, ORIGINAL THINKING, PERSONAL INTEGRITY, AND CHARACTER THROUGH SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION & STUDENT ACTIVITIES ENCOMPASSES A VAST MAJORITY OF EXPENSES. APPROXIMATELY 260 STUDENTS EXPERIENCE A UNIQUE AND RIGOROUS EDUCATION AT ULS THAT INCLUDES ROBUST ACADEMICS, FINE ARTS, AND ATHLETIC PROGRAMMING ALONG WITH A DEEP CONNECTION TO THE OUTDOORS AND THE GLOBAL COMMUNITY. STUDENTS MATRICULATE ON TO THE NEXT GRADE LEVEL AND EVENTUALLY TO COLLEGE AS WELL PREPARED GLOBAL CITIZENS AND LEADERS.
FINANCIAL AID AND DISCOUNTS - THE SCHOOL FINANCIAL AID PROGRAM ALLOWS FOR FAMILIES TO MAKE THE INVESTMENT IN THEIR CHILD'S EDUCATION IN A WAY THAT IS MEANINGFUL AND ATTAINABLE FOR THEIR CIRCUMSTANCES. APPROXIMATELY 104 STUDENTS WERE SERVED BY THE FINANCIAL AID PROGRAM. THE PROGRAMS ARE NON-DISCRIMINATORY AND IN FACT ALLOW A BROAD RANGE OF STUDENTS WITH DIVERSE BACKGROUNDS AND EXPERIENCES TO ATTEND ULS.
CONSUMABLE EDUCATIONAL MATERIALS, EXPERIENCES, OFF-CAMPUS AND ON-CAMPUS LEADERSHIP EXCURSIONS, FIELD TRIPS, ARTISTIC AND ATHLETIC ITEMS USED BY THE FACULTY AND STUDENTS IN SUPPORT OF THE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Benson Chief Financial Officer | Officer | 40 | $116,185 |
John Dewis Head Of School (from July 2022) | Officer | 40 | $93,826 |
Adam Rix President (thru June 2023) | OfficerTrustee | 5 | $0 |
Greg Ploch Treasurer | OfficerTrustee | 1 | $0 |
Holly Myhre Secretary | OfficerTrustee | 1 | $0 |
Mckenna Bryant Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ami Communication Purchase Of Computer Hardware & Services | 6/29/18 | $104,023 |
Us Bank Visa Credit Card Purchases | 6/29/18 | $184,321 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,969 |
| Related organizations | $0 |
| Government grants | $1,213,547 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,436,066 |
| Noncash contributions included in lines 1a–1f | $55,809 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,876,582 |
| Total Program Service Revenue | $4,457,230 |
| Investment income | $109,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,788 |
| Net Gain/Loss on Asset Sales | $12,304 |
| Net Income from Fundraising Events | -$63,572 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,534,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500,001 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $375,466 |
| Compensation of current officers, directors, key employees. | $375,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,058,450 |
| Pension plan accruals and contributions | $92,166 |
| Other employee benefits | $272,541 |
| Payroll taxes | $251,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,999 |
| Fees for services: Accounting | $81,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,126 |
| Fees for services: Other | $28,368 |
| Advertising and promotion | $20,787 |
| Office expenses | $40,163 |
| Information technology | $202,871 |
| Royalties | $0 |
| Occupancy | $630,384 |
| Travel | $410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $497,660 |
| Insurance | $0 |
| All other expenses | $56,652 |
| Total functional expenses | $7,665,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,952 |
| Pledges and grants receivable | $2,923,329 |
| Accounts receivable, net | $938,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,965 |
| Net Land, buildings, and equipment | $4,500,794 |
| Investments—publicly traded securities | $3,368,166 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,091 |
| Total assets | $11,881,656 |
| Accounts payable and accrued expenses | $821,291 |
| Grants payable | $0 |
| Deferred revenue | $1,052,656 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $58,484 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,091 |
| Total liabilities | $2,019,522 |
| Net assets without donor restrictions | $4,053,975 |
| Net assets with donor restrictions | $5,808,159 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,881,656 |