Civic Intelligence

Milwaukee Math and Science Academy Inc.

990 • Fiscal year 2015 • EIN 27-1053816

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

Organization ProfileWWW.MMSACADEMY.ORG
110 West Burleigh StMilwaukee, WI 53212

(414) 263-6400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.29x

Higher debt load relative to assets than 67% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

41st percentile

0.07x

Higher debt load relative to revenue than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

48th percentile

2.1%

Higher net margin than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets67th percentile

Assets

$756,043

No earlier filing loaded for comparison.

Net Assets

$540,063

No earlier filing loaded for comparison.

Liabilities

$215,980

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin48th percentile

Revenue

$3,149,589

No earlier filing loaded for comparison.

Expenses

$3,083,447

No earlier filing loaded for comparison.

Net Income

$66,142

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $756,043Liabilities 2015: $215,980Net Assets 2015: $540,0632015Assets 2016: $715,871Liabilities 2016: $229,808Net Assets 2016: $486,0632016Assets 2017: $845,931Liabilities 2017: $268,765Net Assets 2017: $577,1662017Assets 2018: $717,688Liabilities 2018: $241,194Net Assets 2018: $476,4942018Assets 2019: $508,160Liabilities 2019: $293,903Net Assets 2019: $214,2572019Assets 2020: $475,749Liabilities 2020: $279,612Net Assets 2020: $196,1372020Assets 2021: $1,165,583Liabilities 2021: $377,140Net Assets 2021: $788,4432021Assets 2022: $885,889Liabilities 2022: $144,811Net Assets 2022: $741,0782022Assets 2023: $3,122,090Liabilities 2023: $2,488,554Net Assets 2023: $633,5362023Assets 2024: $3,173,668Liabilities 2024: $2,356,772Net Assets 2024: $816,8962024Assets 2025: $3,041,944Liabilities 2025: $2,259,616Net Assets 2025: $782,3282025

Highlighted filing

2015

Assets$756,043
Liabilities$215,980
Net Assets$540,063
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $3,149,589Expenses 2015: $3,083,447Net Income 2015: $66,1422015Revenue 2016: $3,248,380Expenses 2016: $3,302,380Net Income 2016: -$54,0002016Revenue 2017: $3,689,219Expenses 2017: $3,598,116Net Income 2017: $91,1032017Revenue 2018: $3,296,155Expenses 2018: $3,396,827Net Income 2018: -$100,6722018Revenue 2019: $3,208,999Expenses 2019: $3,471,236Net Income 2019: -$262,2372019Revenue 2020: $2,607,416Expenses 2020: $2,625,536Net Income 2020: -$18,1202020Revenue 2021: $2,917,478Expenses 2021: $2,325,172Net Income 2021: $592,3062021Revenue 2022: $3,258,246Expenses 2022: $3,305,611Net Income 2022: -$47,3652022Revenue 2023: $3,334,622Expenses 2023: $3,442,164Net Income 2023: -$107,5422023Revenue 2024: $3,597,793Expenses 2024: $3,414,433Net Income 2024: $183,3602024Revenue 2025: $3,579,865Expenses 2025: $3,614,433Net Income 2025: -$34,5682025

Highlighted filing

2015

Revenue$3,149,589
Expenses$3,083,447
Net Income$66,142
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$3,149,589
Mission and Program Overview

Mission

The mission of milwaukee math and science academy, inc. Is to create a learning community in which:-teachers, parents and students work together to develop young people who are confident and achieve academic excellence in a powerful college prep curriculum;-students do not question "whether" they will go to college, but instead, ask "when and "where;-students understand that with hard work, dreams are possible;-students develop the skills in math, science, and technology necessary to become bold inquirers, analytical thinkers, and ethical leaders in the 21st century; and-students are empowered to become productively engaged in the local community and broader society.we create a school culture that is built on success, respect, and accountability. The founders of milwaukee math and science academy, inc. Recognize that the success of students is dependent upon the school's ability to create a culture that fosters meaningful, sustained relationships between teachers, students, and paren

The mission of MMSA is to create a learning community through the operation of a charter school in which teachers, parents and students work together; students go to college; students follow dreams; students become skilled with focus in math, science and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$361,684$373,691▲ $12,007
Land, Buildings, and Equipment, Net$246,759$207,024▼ $39,735
Pledges and Grants Receivable$167,589$163,328▼ $4,261
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$801,432$756,043▼ $45,389
Other Assets Total$25,400$12,000▼ $13,400
Liabilities
Accounts Payable and Accrued Expenses$222,511$215,980▼ $6,531
Unsecured Notes Loans Payable$105,000--
Total Liabilities$327,511$215,980▼ $111,531
Net Assets / Fund Balance
Unrestricted Net Assets$412,255$540,063▲ $127,808
Temporarily Rstr Net Assets$61,666--
Total Net Assets Fund Balance$473,921$540,063▲ $66,142
Total Liabilities and Net Assets / Fund Balance$801,432$756,043▼ $45,389

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$152,866$195,527$348,393
Leasehold Improvements$54,158$19,712$73,870
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Serdar BozdagPresident
Christopher CumminsBoard Member
Dominic Deo AndrogaBoard Member
Orkun BalogluBoard Member
Ozgur AtesBoard Member
David ChiefDirector
Ibrahim Sacit TunaSecretary
Kadir CelikVP/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Concept SchoolsManagement Services2250 E Devon Ave Suite 215, Des Plaines, IL 60018$240,957
Revenue and Support

Revenue Composition

Contributions and Grants
$3,135,238
Program Service Revenue
$10,062
Investment Income
$424
Other Revenue
$3,865
All Other Contributions
$63,506
Change in Net Assets
$66,142

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,149,589
Total Revenue per Audited Statements
$3,149,589
Total Revenue per Form 990
$3,149,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,600,530
Other Expenses$1,482,917
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,132,690$202,211-$1,334,901
Fees for Services Other$360,382$517-$360,899
Occupancy$259,198$13,642-$272,840
Fees for Services Management$25,275$227,473-$252,748
Other Employee Benefits$123,860$21,858-$145,718
Payroll Taxes$101,924$17,987-$119,911
All Other Expenses$71,857$54-$71,911
Depreciation Depletion$56,663$2,982-$59,645
Office Expenses$31,438$8,457-$39,895
Other Expenses$34,115$50,549-$34,115
Advertising$30,637--$30,637
Insurance$23,423$1,233-$24,656
Fees for Services Accounting-$11,000-$11,000
Travel$306$2,050-$2,356
Fees for Services Legal-$120-$120
Total Functional Expenses$2,523,314$560,133$0$3,083,447

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,083,447
Total Expenses per Audited Statements$3,083,447
Total Expenses per Form 990$3,083,447
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“Under a contractual arrangement with Concept Schools, the Organization is provided with management services including a school principal and business manager, record keeping, accounting, storage and other significant services, plus related overhead costs. Under this contract, the annual charge is based on 10% of state per pupil funding.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The 990 will be reviewed by the management company.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Conflicts of interest are reviewed at the executive and board level. If a conflict arises a warning, suspension or expulsion (depending on the case) from the board will be enacted.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board reviews and determines executive compensation.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“available upon request”

Filing and Contact Details

Filer

Filer Name
Milwaukee Math and Science Academy Inc
EIN
27-1053816
Phone
4142636400
Address
110 WEST BURLEIGH ST, MILWAUKEE, WI 53212

Signing Officer

Name
David Chief
Title
Director
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Chief
Formed
2009
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
56

Preparer

Firm
Ritz Holman LLP
Address
330 E Kilbourn Ste 550, Milwaukee, WI 53202-3144
Preparer
Katy L Sommer
Phone
4142711451
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is classified as other than a private foundation. Management has reviewed all tax positions recognized in previously filed tax returns and those expected to be taken in future tax returns. As of June 30, 2015, the Organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The Organization does not anticipate any significant changes to unrecognized income tax benefits over the next year. The Organization is currently not under audit by any federal or state taxing authority and is no longer subject to tax examinations by the U.S. federal jurisdiction for years prior to June 30, 2011 and the state jurisdiction for years prior to June 30, 2010.”

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IRS990/MissionDesc0The mission of Milwaukee Math and Science Academy, Inc. is to create a learning community in which:-Teachers, parents and students work together to develop young people who are confident and achieve academic excellence in a powerful college prep curriculum;-Students do not question "whether" they will go to college, but instead, ask "when" and "where";-Students understand that with hard work, dreams are possible;-Students develop the skills in math, science, and technology necessary to become bold inquirers, analytical thinkers, and ethical leaders in the 21st century; and-Students are empowered to become productively engaged in the local community and broader society.We create a school culture that is built on success, respect, and accountability. The founders of Milwaukee Math and Science Academy, Inc. recognize that the success of students is dependent upon the school's ability to create a culture that fosters meaningful, sustained relationships between teachers, students, and paren
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IRS990/OtherExpensesGrp/Desc1School Supplies and Equip
IRS990/OtherExpensesGrp/Desc2SPONSORSHIP FEES
IRS990/OtherExpensesGrp/Desc3EXTRACURRICULAR ACTIVITIES
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01334901
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017987
IRS990/PayrollTaxesGrp/ProgramServicesAmt0101924
IRS990/PayrollTaxesGrp/TotalAmt0119911
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0David Chief
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYTotalRevenueAmt02757103
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt066142
IRS990/RegularMonitoringEnfrcInd0true
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IRS990ScheduleD/ExpensesSubtotalAmt03083447
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt019712
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt073870
IRS990ScheduleD/RevenueSubtotalAmt03149589
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code and is classified as other than a private foundation. Management has reviewed all tax positions recognized in previously filed tax returns and those expected to be taken in future tax returns. As of June 30, 2015, the Organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The Organization does not anticipate any significant changes to unrecognized income tax benefits over the next year. The Organization is currently not under audit by any federal or state taxing authority and is no longer subject to tax examinations by the U.S. federal jurisdiction for years prior to June 30, 2011 and the state jurisdiction for years prior to June 30, 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt03083447
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0the organization received aid from state and federal sources to support the Charter School, Special Education, Title I and Title II services, School Nutrition, Educator effectiveness, fresh fruit and vegetables, and pupil transportation.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1It was displayed in newspaper, brochure, website and registration forms.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Under a contractual arrangement with Concept Schools, the Organization is provided with management services including a school principal and business manager, record keeping, accounting, storage and other significant services, plus related overhead costs. Under this contract, the annual charge is based on 10% of state per pupil funding.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WILL BE REVIEWED BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conflicts of interest are reviewed at the executive and board level. If a conflict arises a warning, suspension or expulsion (depending on the case) from the board will be enacted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board reviews and determines executive compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$756,043
Liabilities
$215,980
Net assets
$540,063
Revenue
$3,149,589
Expenses
$3,083,447
Net income
$66,142
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.04$2.26$0.78$3.58$3.61$0.03
2024Detailed filing. Detailed filing data is available for this year.$3.17$2.36$0.82$3.60$3.41$0.18
2023Detailed filing. Detailed filing data is available for this year.$3.12$2.49$0.63$3.33$3.44$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.89$0.14$0.74$3.26$3.31$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.38$0.79$2.92$2.33$0.59
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.28$0.20$2.61$2.63$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.29$0.21$3.21$3.47$0.26
2018Detailed filing. Detailed filing data is available for this year.$0.72$0.24$0.48$3.30$3.40$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.27$0.58$3.69$3.60$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.23$0.49$3.25$3.30$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.22$0.54$3.15$3.08$0.07