Civic Intelligence

Milwaukee Math and Science Academy Inc.

990 • Fiscal year 2018 • EIN 27-1053816

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

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

73rd percentile

0.34x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

45th percentile

0.07x

Higher debt load relative to revenue than 45% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

31st percentile

-3.1%

Higher net margin than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

9th percentile

-15%

Faster asset growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$717,688

Down $128,243 (-15%) from 2017

Net Assets

Down

$476,494

Down $100,672 (-17%) from 2017

Liabilities

Down

$241,194

Down $27,571 (-10%) from 2017

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin31st percentile

Revenue

Down

$3,296,155

Down $393,064 (-11%) from 2017

Expenses

Down

$3,396,827

Down $201,289 (-5.6%) from 2017

Net Income

Down

-$100,672

Down $191,775 (-211%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

2018

Assets$717,688
Liabilities$241,194
Net Assets$476,494
Open 2018 Filing

Operations Trend

Revenue Growth21st percentile

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

2018

Revenue$3,296,155
Expenses$3,396,827
Net Income-$100,672
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.2
Gross Receipts
$3,296,155
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$616,912$437,054▼ $179,858
Pledges and Grants Receivable$68,689$148,177▲ $79,488
Land, Buildings, and Equipment, Net$148,330$120,457▼ $27,873
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$845,931$717,688▼ $128,243
Other Assets Total$12,000$12,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$268,765$241,194▼ $27,571
Total Liabilities$268,765$241,194▼ $27,571
Net Assets / Fund Balance
Unrestricted Net Assets$577,166$476,494▼ $100,672
Total Net Assets Fund Balance$577,166$476,494▼ $100,672
Total Liabilities and Net Assets / Fund Balance$845,931$717,688▼ $128,243

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$77,773$160,815$238,588
Leasehold Improvements$42,684$42,248$84,932
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Serdar BozdagPresident
Kadir CelikVice President
Dominic Deo AndrogaDirector
Elton HoxhaDirector
Rocheller LandinghamDirector
Alper AkyurekPrincipal

Highest Paid Contractors

ContractorServicesLocationCompensation
Concept SchoolsManagement Services1336 Basswood Rd, Schaumburg, IL 60173$252,922
Fresh and Safe IncBreakfast and Lunch4370 N 30th St, Milwaukee, WI 53216$221,097
Dairyland BusesTransportation3850 N Holton St, Milwaukee, WI 53212$177,160
Visionary Schools ServicesHealth Services2400 South Avenue, Yuma, AZ 85364$165,946
Revenue and Support

Revenue Composition

Contributions and Grants
$3,267,437
Program Service Revenue
$10,343
Investment Income
$230
Other Revenue
$18,145
All Other Contributions
$173,467
Change in Net Assets
$-100,672

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,296,155
Total Revenue per Audited Statements
$3,296,155
Total Revenue per Form 990
$3,296,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,887,010
Other Expenses$1,509,817
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,568,036$51,693-$1,619,729
Fees for Services Other$319,538--$319,538
Occupancy$295,669$16,143-$311,812
Fees for Services Management$64,293$188,630-$252,923
Payroll Taxes$136,464$5,686-$142,150
Other Employee Benefits$120,019$5,112-$125,131
All Other Expenses$24,333$23,362-$47,695
Depreciation Depletion$42,453$2,136-$44,589
Office Expenses$30,743$6,979-$37,722
Advertising$26,215--$26,215
Other Expenses$17,965$50,706-$17,965
Insurance$14,071$741-$14,812
Fees for Services Accounting-$14,000-$14,000
Travel$290$1,928-$2,218
Fees for Services Legal-$1,456-$1,456
Total Functional Expenses$3,028,255$368,572$0$3,396,827

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,396,827
Total Expenses per Audited Statements$3,396,827
Total Expenses per Form 990$3,396,827
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

“Draft of the 990 was shown to the board members to review and approve it.”

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 of Directors reviews and approves all employee salaries.”

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
Alper Akyurek
Title
Principal
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alper Akyurek
Formed
2009
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
70
Volunteers
10

Preparer

Firm
Ritz Holman LLP
Address
330 E Kilbourn Ste 550, Milwaukee, WI 53202-3144
Preparer
Diana Luttmann
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, 2018, 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.”

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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 "whereX;-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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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, 2018, 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0It was displayed in newspaper, brochure, website and registration forms.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1the 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/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
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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/ExplanationTxt1Draft of the 990 was shown to the board members to review and approve it.
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 of Directors reviews and approves all employee salaries.
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

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$717,688
Liabilities
$241,194
Net assets
$476,494
Revenue
$3,296,155
Expenses
$3,396,827
Net income
-$100,672
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