Milwaukee Public Schools Foundation Incorporated
- Assets
- $3.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1998
- Data as of
- 12/2021
- 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 12/2021, Milwaukee Public Schools Foundation Incorporated generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Milwaukee Public Schools Foundation Incorporated has awarded 43 individual grants totaling $839,178. 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
2021
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.
COVID-19 RELIEF - TO PROVIDE INTERNET ACCESS TO FAMILIES IN RESPONSE TO THE COVID-19 PANDEMIC.
NUTRITION SERVICES - TO PROVIDE ADULT MEALS TO THOSE IN NEED IN RESPONSE TO THE COVID-19 PANDEMIC.
ALL OTHER PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Herd-Barber Secretary | OfficerTrustee | 1 | $0 |
John Kersey Board Chair | OfficerTrustee | 1 | $0 |
Heidi Schneider Treasurer | OfficerTrustee | 1 | $0 |
Stephen M Francaviglia Vice Chair | OfficerTrustee | 1 | $0 |
Wendell Willis Executive Director | Officer | 40 | $0 |
Tina Chang Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,282,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,532,230 |
| Total Program Service Revenue | $0 |
| Investment income | $3,241 |
| 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 | $1,550,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,664,128 |
| 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 | $8,000 |
| Fees for services: Accounting | $46,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,907 |
| Advertising and promotion | $2,632 |
| Office expenses | $5,319 |
| Information technology | $1,682 |
| 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 | $1,887 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,212 |
| All other expenses | $20,251 |
| Total functional expenses | $1,908,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,297,100 |
| Savings and temporary cash investments | $2,011,067 |
| Pledges and grants receivable | $362,357 |
| 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 | $7,550 |
| 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 | $3,703,074 |
| Accounts payable and accrued expenses | $44,441 |
| 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 | $44,441 |
| Net assets without donor restrictions | $301,548 |
| Net assets with donor restrictions | $3,357,085 |
| 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 | $3,703,074 |
Grants Awarded
Over the last fiscal year, Milwaukee Public Schools Foundation Incorporated has awarded $68,850 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN - MILWAUKEE PURPOSE: SCHOLARSHIP AWARD | $32,000 |
UNIVERSITY OF WISCONSIN - MADISON PURPOSE: SCHOLARSHIP AWARD | $12,000 |
UNIVERSITY OF MINNESOTA - TWIN CITIES PURPOSE: SCHOLARSHIP AWARD | $10,500 |
Milwaukee, WI PURPOSE: SCHOLARSHIP AWARD | $9,250 |
ALVERNO COLLEGE PURPOSE: SCHOLARSHIP AWARD | $5,100 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Milwaukee Public Schools Foundation Incorporated has recieved totaling $912,474.
| Awarding Organization | Amount |
|---|---|
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $225,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: MPS SUMMER MEAL DELIVERY PROGRAM | $167,856 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: MPS SUMMER MEAL DELIVERY PROGRAM | $167,856 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $41,000 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $41,000 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $41,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |