Milwaukee Public Schools Foundation Incorporated
- Assets
- $2.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 39-1929112
Organization Overview
Milwaukee Public Schools Foundation Incorporated is located in Milwaukee, WI. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Public Schools Foundation Incorporated 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 12/2022, Milwaukee Public Schools Foundation Incorporated generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Milwaukee Public Schools Foundation Incorporated has awarded 53 individual grants totaling $987,126. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATIONAL EXCELLENCE AND STRENGHTEN COMMUNITY PARTICIPATION IN MPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECT MILWAUKEE - TO PROVIDE TECHNICAL SUPPORT TO PARENTS, STUDENTS AND TEACHERS.
ALL OTHER PROGRAMMING.
LEARNING JOURNEYS - TO CONNECT CLASSROOM INSTRUCTION FOR STUDENTS WITH REAL-WORLD LEARNING OPPORTUNITIES AT MUSEUMS, CULTURAL EXPERIENCES AND SCIENTIFIC VENUES.
LET US PLAY GREEN SCHOOLS GREEN SCHOOLYARDS OFFER A VARIETY OF ACTIVE PLAY OPTIONS THAT ENGAGE CHILDREN OF VARYING FITNESS LEVELS, AGES, AND GENDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Posley Board Member | Trustee | 1 | $0 |
Tina Chang Board Member | Trustee | 1 | $0 |
Peter Feigin Board Member | Trustee | 1 | $0 |
Christina Fiasca Board Member | Trustee | 1 | $0 |
James Friedman Treasurer | OfficerTrustee | 1 | $0 |
Jacqueline Herd-Barber Secretary | OfficerTrustee | 1 | $0 |
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 | $1,809,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,809,687 |
| Total Program Service Revenue | $0 |
| Investment income | $5,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,816,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,330,955 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,237 |
| Fees for services: Accounting | $40,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,615 |
| Advertising and promotion | $299 |
| Office expenses | $9,673 |
| Information technology | $8,385 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,080 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,216 |
| All other expenses | $633 |
| Total functional expenses | $2,691,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,225,949 |
| Savings and temporary cash investments | $1,503,461 |
| Pledges and grants receivable | $50,728 |
| Accounts receivable, net | $0 |
| 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 | $6,710 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $2,811,848 |
| Accounts payable and accrued expenses | $28,939 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,939 |
| Net assets without donor restrictions | $224,998 |
| Net assets with donor restrictions | $2,557,911 |
| 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 | $2,811,848 |
Grants Awarded
Over the last fiscal year, Milwaukee Public Schools Foundation Incorporated has awarded $80,775 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN - MILWAUKEE PURPOSE: SCHOLARSHIP AWARD | $42,775 |
UNIVERSITY OF WISCONSIN - MADISON PURPOSE: SCHOLARSHIP AWARD | $10,500 |
MILWAUKEE AREA TECHNICAL COLLEGE PURPOSE: SCHOLARSHIP AWARD | $12,000 |
MARQUETTE UNIVERSITY PURPOSE: SCHOLARSHIP AWARD | $10,000 |
UNIVERSITY OF WISCONSIN - STEVENS POINT PURPOSE: SCHOLARSHIP AWARD | $5,500 |