University School Of Milwaukee Corporation
- Assets
- $57.3m
- Revenue
- $36.4m
- Investments
- $0.0
- Employees
- 441
- Location
- Milwaukee, WI
- Founding
- 09/1964
- Data as of
- 06/2022
- EIN
- 39-6076442
Organization Overview
University School Of Milwaukee Corporation is located in Milwaukee, WI. The organization was established in 1964. 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 06/2022, University School Of Milwaukee Corporation employed 441 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University School Of Milwaukee Corporation 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 06/2022, University School Of Milwaukee Corporation generated $36.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $38.7m during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNIVERSITY SCHOOL OF MILWAUKEE PROVIDES AN EXCEPTIONAL PK-12 INDEPENDENT SCHOOL EDUCATION IN A SUPPORTIVE, INCLUSIVE COMMUNITY BUILT ON THE FOUNDATION OF OUR COMMON TRUST. BY IGNITING A PASSION FOR LEARNING, LEADERSHIP, AND SERVICE, THE SCHOOL PREPARES EACH STUDENT - AS AN INDIVIDUAL - FOR SUCCESS IN HIGHER EDUCATION AND A LIFE OF PURPOSE. USM EMBRACES A TRADITION OF SUPERIOR ACADEMIC ACHIEVEMENT THROUGH A COMMITMENT TO EXPERTISE AND INNOVATION IN OUR SCHOOL. THE COMMON TRUST, THE BASIC PHILOSOPHY OF COMMUNITY BEHAVIOR AT UNIVERSITY SCHOOL OF MILWAUKEE, IS AT THE CORE OF THE SCHOOL'S GUIDING PRINCIPLES, AND IS EXPRESSED IN THE FOLLOWING PLEDGE: "WE, THE MEMBERS OF THE UNIVERSITY SCHOOL OF MILWAUKEE COMMUNITY, ACCEPT THE COMMON TRUST. WE AGREE TO RELATE TO ONE ANOTHER AND THE SCHOOL WITH RESPECT, TRUST, HONESTY, FAIRNESS, AND KINDNESS."
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY SCHOOL OF MILWAUKEE CORP IS A NONPROFIT INDEPENDENT SCHOOL PROVIDING PREKINDERGARTEN THROUGH 12TH GRADE EDUCATION. THE SCHOOL HAS BEEN BUILDING ENDOWMENT DOLLARS OER THE PAST TWO DECADES AND HAS APPROXIMATELY 90 MILLION DOLLARS IN BOTH DESIGNATED AND UNDESIGNATED ACCOUNTS. THE ENDOWMENT, ALONG WITH TUITION AND AUXILIARY PROGRAM REVENUES AND OTHER GIFTS TO THE SCHOOL, ALLOW USM TO POSITION ITSELF WELL FOR FUTURE PROGRAM ENHANCEMENTS AND GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Guy President | OfficerTrustee | 1 | $0 |
Sarah Zimmerman Vice President | OfficerTrustee | 1 | $0 |
Karin Werner Executive Vice President | OfficerTrustee | 1 | $0 |
Gregory Smith Treasurer | OfficerTrustee | 1 | $0 |
Jackie Darr Secretary | OfficerTrustee | 1 | $0 |
John Bonnell Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Group Usa Food Services | 6/29/22 | $1,381,725 |
Hunzinger Construction Co Construction | 6/29/22 | $819,483 |
H & H Civil Construction Llc Construction | 6/29/22 | $610,752 |
Astro Turf Corporation Construction/new Field | 6/29/22 | $552,783 |
Northstart Equipment Llc Construction/new Bleachers | 6/29/22 | $293,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,174 |
| Related organizations | $3,911,800 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,956,463 |
| Noncash contributions included in lines 1a–1f | $148,608 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,874,437 |
| Total Program Service Revenue | $30,288,578 |
| Investment income | $10,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$644 |
| Net Income from Fundraising Events | $95,134 |
| Net Income from Gaming Activities | $27,793 |
| Net Income from Sales of Inventory | $50,276 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,383,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,334,963 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $592,550 |
| Compensation of current officers, directors, key employees. | $592,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,403,803 |
| Pension plan accruals and contributions | $1,047,748 |
| Other employee benefits | $2,383,297 |
| Payroll taxes | $1,192,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $178,461 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,820,411 |
| Advertising and promotion | $186,517 |
| Office expenses | $1,183,876 |
| Information technology | $296,908 |
| Royalties | $0 |
| Occupancy | $908,765 |
| Travel | $10,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,607 |
| Interest | $65,062 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,159,279 |
| Insurance | $262,660 |
| All other expenses | $558,766 |
| Total functional expenses | $38,652,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,196,545 |
| Savings and temporary cash investments | $8,229 |
| Pledges and grants receivable | $631,363 |
| Accounts receivable, net | $652,449 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,262 |
| Prepaid expenses and deferred charges | $312,922 |
| Net Land, buildings, and equipment | $43,888,261 |
| Investments—publicly traded securities | $165,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $367,190 |
| Total assets | $57,287,389 |
| Accounts payable and accrued expenses | $2,716,323 |
| Grants payable | $0 |
| Deferred revenue | $2,994,148 |
| 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 | $270,104 |
| Total liabilities | $5,980,575 |
| Net assets without donor restrictions | $51,065,462 |
| Net assets with donor restrictions | $241,352 |
| 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 | $57,287,389 |