University Lake School Inc
- Assets
- $13.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 90
- Location
- Hartland, WI
- Founding
- 11/1956
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, University Lake School Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $6.8m during the year ending 06/2021. While expenses have increased by 1.5% per year over the past 6 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
2021
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 AND STUDENT ACTIVITIES - ACTIVITIES RELATED TO THE EDUCATION OF THE SCHOOL'S STUDENTS (APPROXIMATELY 270 STUDENTS). ALL GRADUATES ATTEND COLLEGE.
FINANCIAL AID AND DISCOUNTS - THE SCHOOL FINANCIAL AID PROGRAM ALLOWS STUDENTS ATTEND. 239 STUDENTS WERE SERVED BY THESE PROGRAMS. THE PROGRAMS ARE NON-DISCRIMINATORY.
THE CONSUMABLE EDUCATIONAL MATERIALS, EXPERIENCES, FIELD TRIPS, TECHNOLOGY, TEXTBOOKS, ARTISTIC AND ATHLETIC ITEMS USED BY THE FACULTY AND STUDENTS TO SUPPORT THE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Horner Head Of Admi | Officer | 40 | $167,241 |
Martin Ditkof Secretary&vi | OfficerTrustee | $0 | |
Greg Ploch Treasurer | OfficerTrustee | $0 | |
Adam Rix President | OfficerTrustee | 1 | $0 |
Holly Myhre Trustee | Trustee | $0 | |
John Griner Trustee | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Bank Visa Credit Card Purchases | 6/29/18 | $184,321 |
Ami Communication Purchase Of Computer Hardware & Services | 6/29/18 | $104,023 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,700,106 |
| Noncash contributions included in lines 1a–1f | $5,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,700,106 |
| Total Program Service Revenue | $4,729,734 |
| Investment income | $650,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $95,811 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,209,349 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,610,391 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,915 |
| Compensation of current officers, directors, key employees. | $188,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,446,169 |
| Pension plan accruals and contributions | $29,653 |
| Other employee benefits | $482,063 |
| Payroll taxes | $186,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,375 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,944 |
| Fees for services: Other | $128,880 |
| Advertising and promotion | $0 |
| Office expenses | $92,985 |
| Information technology | $115,040 |
| Royalties | $0 |
| Occupancy | $448,697 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,137 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $464,465 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,790,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $605,922 |
| Savings and temporary cash investments | $59,750 |
| Pledges and grants receivable | $2,791,174 |
| Accounts receivable, net | $39,062 |
| 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 | $17,587 |
| Net Land, buildings, and equipment | $4,796,975 |
| Investments—publicly traded securities | $4,841,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,151,982 |
| Accounts payable and accrued expenses | $497,403 |
| Grants payable | $0 |
| Deferred revenue | $859,743 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,193,959 |
| Other liabilities | $39,581 |
| Total liabilities | $2,590,686 |
| Net assets without donor restrictions | $10,561,296 |
| Net assets with donor restrictions | $0 |
| 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 | $13,151,982 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that University Lake School Inc has recieved totaling $557,483.
| Awarding Organization | Amount |
|---|---|
Four-Four Foundation Inc New York, NY PURPOSE: GENERAL | $473,000 |
Plan Foundation New York, NY PURPOSE: GENERAL / EXEMPT PURPOSES | $83,000 |
Arthur C Kootz Foundation Nashotah, WI PURPOSE: GENERAL | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $483 |
Endowment Analysis
| Beg. Balance | $3,894,156 |
| Earnings | $98,170 |
| Admin Expense | $12,111 |
| Net Contributions | $74,179 |
| Other Expense | $260,238 |
| Ending Balance | $379,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Roeper City & Country School Inc Bloomfield Hills, MI | $31,989,087 | $17,945,828 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Lake Forest Country Day School Lake Forest, IL | $60,294,395 | $16,845,171 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |
Community Of Peace Academy St Paul, MN | $12,629,735 | $12,830,320 |
Tri-County Council For Child Development Paw Paw, MI | $1,444,803 | $12,083,268 |