Civic Intelligence

Milwaukee Public Museum Inc.

990 • Fiscal year 2015 • EIN 39-1723105

Sep 01, 2014 to Aug 31, 2015 • Filed on Mar 14, 2016

800 W Wells StreetMilwaukee, WI 53233

(414) 278-6939

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.53x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

0.88x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

19th percentile

-6.4%

Higher net margin than 19% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

76th percentile

$276,933

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

25th percentile

-3.4%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

2.7%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$20,331,748

Down $725,946 (-3.4%) from 2014

Net Assets

Down

$9,609,136

Down $3,338,626 (-26%) from 2014

Liabilities

Up

$10,722,612

Up $2,612,680 (+32%) from 2014

Revenue

Up

$12,150,981

Up $320,036 (+2.7%) from 2014

Expenses

Up

$12,930,719

Up $19,176 (+0.1%) from 2014

Net Income

Up

-$779,738

Up $300,860 (+28%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $22,181,894Liabilities 2010: $26,825,136Net Assets 2010: -$4,643,2422010Assets 2011: $20,996,148Liabilities 2011: $15,500,561Net Assets 2011: $5,495,5872011Assets 2012: $20,520,766Liabilities 2012: $18,367,396Net Assets 2012: $2,153,3702012Assets 2013: $22,021,762Liabilities 2013: $11,216,697Net Assets 2013: $10,805,0652013Assets 2014: $21,057,694Liabilities 2014: $8,109,932Net Assets 2014: $12,947,7622014Assets 2015: $20,331,748Liabilities 2015: $10,722,612Net Assets 2015: $9,609,1362015Assets 2016: $20,355,731Liabilities 2016: $11,378,837Net Assets 2016: $8,976,8942016Assets 2017: $18,359,237Liabilities 2017: $10,507,557Net Assets 2017: $7,851,6802017Assets 2018: $16,623,101Liabilities 2018: $9,106,168Net Assets 2018: $7,516,9332018Assets 2019: $15,405,151Liabilities 2019: $9,154,525Net Assets 2019: $6,250,6262019Assets 2020: $16,059,902Liabilities 2020: $9,919,614Net Assets 2020: $6,140,2882020Assets 2021: $16,790,535Liabilities 2021: $8,474,918Net Assets 2021: $8,315,6172021Assets 2022: $17,354,362Liabilities 2022: $6,972,219Net Assets 2022: $10,382,1432022Assets 2023: $16,555,973Liabilities 2023: $6,130,078Net Assets 2023: $10,425,8952023Assets 2024: $14,683,034Liabilities 2024: $5,106,553Net Assets 2024: $9,576,4812024Assets 2025: $12,674,413Liabilities 2025: $4,258,131Net Assets 2025: $8,416,2822025

Highlighted filing

2015

Assets$20,331,748
Liabilities$10,722,612
Net Assets$9,609,136

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $14,953,2482010Expenses 2011: $13,049,6382011Expenses 2012: $15,789,4772012Revenue 2013: $20,092,760Expenses 2013: $15,894,704Net Income 2013: $4,198,0562013Revenue 2014: $11,830,945Expenses 2014: $12,911,543Net Income 2014: -$1,080,5982014Revenue 2015: $12,150,981Expenses 2015: $12,930,719Net Income 2015: -$779,7382015Revenue 2016: $13,638,460Expenses 2016: $13,413,224Net Income 2016: $225,2362016Revenue 2017: $10,862,097Expenses 2017: $12,517,736Net Income 2017: -$1,655,6392017Revenue 2018: $12,205,460Expenses 2018: $13,501,186Net Income 2018: -$1,295,7262018Revenue 2019: $12,329,277Expenses 2019: $12,823,842Net Income 2019: -$494,5652019Revenue 2020: $10,588,953Expenses 2020: $11,095,184Net Income 2020: -$506,2312020Revenue 2021: $11,624,799Expenses 2021: $10,176,243Net Income 2021: $1,448,5562021Revenue 2022: $14,883,405Expenses 2022: $13,471,207Net Income 2022: $1,412,1982022Revenue 2023: $13,067,827Expenses 2023: $13,439,898Net Income 2023: -$372,0712023Revenue 2024: $12,032,208Expenses 2024: $13,840,529Net Income 2024: -$1,808,3212024Revenue 2025: $13,076,645Expenses 2025: $14,713,686Net Income 2025: -$1,637,0412025

Highlighted filing

2015

Revenue$12,150,981
Expenses$12,930,719
Net Income-$779,738
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Mar 14, 2016
Return Version
2014v6.0
Gross Receipts
$13,190,525
Mission and Program Overview

Mission

The milwaukee public museum inspires curiosity, excites minds and increases desire to preserve and protect our world's natural and cultural diversity through exhibitions, educational programs, collections and research.

The milwaukee public museum inspires curiosity, excites minds and increases the desire to preserve and protect our world's natural and cultural diversity through exhibitions, educational programs, collections and research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,764,964$14,963,145▲ $198,181
Pledges and Grants Receivable$4,236,500$3,248,983▼ $987,517
Cash and Non-Interest-Bearing Accounts$1,467,247$1,691,130▲ $223,883
Investments in Publicly Traded Securities$277,223$263,309▼ $13,914
Prepaid Expenses and Deferred Charges$141,572$79,779▼ $61,793
Accounts Receivable$98,115$46,309▼ $51,806
Inventories for Sale or Use$72,073$39,093▼ $32,980
Total Assets$21,057,694$20,331,748▼ $725,946
Liabilities
Other Liabilities$4,313,476$7,492,560▲ $3,179,084
Accounts Payable and Accrued Expenses$1,147,424$1,259,570▲ $112,146
Deferred Revenue$1,022,032$1,003,482▼ $18,550
Mortgage Notes Payable Secured by Investment Property$1,627,000$967,000▼ $660,000
Total Liabilities$8,109,932$10,722,612▲ $2,612,680
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,100,381$5,336,965▼ $763,416
Unrestricted Net Assets$6,847,381$4,272,171▼ $2,575,210
Total Net Assets Fund Balance$12,947,762$9,609,136▼ $3,338,626
Total Liabilities and Net Assets / Fund Balance$21,057,694$20,331,748▼ $725,946

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$9,704,967$9,975,770$19,680,737
Equipment$3,854,691$8,187,304$12,041,995
Other Land Buildings$1,403,487-$1,403,487

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$7,553,313$2,100▼ $326,597$44,351$6,452,795
2014$7,081,426$30,000▲ $874,703$9,351$7,553,313
2013$6,996,268$26,134▲ $702,432$5,935$7,081,426
2012$7,179,125$30,747▲ $472,708$3,260$6,996,268
2011$6,415,530$130,027▲ $637,281$1,413$7,179,125
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis KoisPresident/CEOFT$269,130$7,803$276,933
Karen L SpahnSr. VP of DevelopmentFT$185,232$23,105$208,337
Michael BernatzSr. VP of Finance/CFOFT$171,420$25,429$196,849
Ellen CenskySr. VP of Museum ProgramsFT$173,050$16,551$189,601
Mary Bridges Termed 5815VP of Marketing & CommunicFT$133,042$22,973$156,015
Jay WilliamsChairman-$106,291$11,560$117,851

Board Members and Trustees

NameTitle
Michael G CarterVice Chairman
Alexander FraserBoard Member
Amy Wurlitzer HopkinsBoard Member
Betsy Brown WyattBoard Member
Beverly SmileyBoard Member
Bridie a FanningBoard Member
Christine RundbladBoard Member
Demond a Means PhdBoard Member
James Luigi SchmittBoard Member
James T Barry IiiBoard Member
Jason AllenBoard Member
Jay C MackBoard Member
John MalloyBoard Member
Khalif RaineyBoard Member
Lynn ChappyBoard Member
Mary Ellen PindyckBoard Member
Michael VanastenBoard Member
Niksa IvancevicBoard Member
Patricia J HobenBoard Member
Patricia YunkBoard Member
Pj DistefanoBoard Member
Simon DavisBoard Member
Supreme Moore OmokundeBoard Member
Susan FronkBoard Member
Susan MartinBoard Member
Thad NationBoard Member
Timothy P ByrneBoard Member
Willard T WalkerBoard Member
Charles I HendersonAsst Secretary/ Asst Treas
Lydia ChartreSecretary
Sara J WalkerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Dahlman ConstructionMaintenance, General ConstructionPO BOX 170110, Milwaukee, WI 53217$294,693
Milwaukee County - DoaPhotovoltaic Panel System633 W WISCONSIN AVE, Milwaukee, WI 53233$172,000
Grandview ManagementCatering, Food Service, And Sales Suppor613 N GRANDVIEW BLVD, Waukesha, WI 53188$151,726
Ideum INCDevelop & Implement Interactive Exhibit2469 CORRALES RD, Corrales, NM 87048$138,515
Revenue and Support

Revenue Composition

Contributions and Grants
$8,896,514
Program Service Revenue
$3,088,197
Investment Income
$39,229
Other Revenue
$127,041
All Other Contributions
$4,831,079
Change in Net Assets
$-779,738

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded15$90,898Fair Market Value (FMV)
Total Noncash Contributions15$90,898-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,613,606
Revenue Not Reported on Financial Statements
$2,537,375
Revenue Not Reported on Form 990
$807,888
Other Revenue Adjustments
$2,535,823
Total Revenue per Audited Statements
$10,421,494
Total Revenue per Form 990
$12,150,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,661,243
Other Expenses$5,269,476
Total Fundraising Expense$1,363,983
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,854,892$333,655$494,088$4,682,635
Current Officers, Directors, Trustees, and Key Employees$345,616$591,632$208,336$1,145,584
Depreciation Depletion$1,132,392--$1,132,392
Other Employee Benefits$366,196$608,214$131,764$1,106,174
Occupancy$1,006,757--$1,006,757
Office Expenses$562,350$36,536$8,251$607,137
Fees for Services Other$225,683$30,815$199,231$455,729
Payroll Taxes$301,150$83,533$46,924$431,607
Advertising$295,535$9,471$15,609$320,615
Pension Plan Contributions-$295,243-$295,243
Other Expenses$13,696$38,909$133,449$147,145
Interest$3,054$126,798-$129,852
Insurance-$113,457-$113,457
All Other Expenses$9,467$3,794$83,391$96,652
Fees for Services Accounting-$56,055-$56,055
Travel$25,740$18,039$1,255$45,034
Fees for Services Legal-$4,493-$4,493
Fees for Service Investment Mgmnt Fees-$1,552-$1,552
Total Functional Expenses$9,011,925$2,554,811$1,363,983$12,930,719

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,760,120
Total Expenses per Form 990$12,930,719
Expenses per Audited Statements$12,662,634
Expenses Not Reported on Form 990$1,097,486
Expenses Not Reported on Financial Statements$268,085
Other Expense Adjustments$266,533
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$231,991
Fundraising Direct Expenses$208,075
Gaming Gross Income$5,800
Gaming Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$287,975$149,670$61,122$88,548
Food & Froth$150,701$61,029$34,506$26,523
Total Events$458,110$230,133$208,075$22,058
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Pension and Postretirement Benefits$5,301,263
Line of Credit$1,400,000
Due to Other Entities$671,749
Interest Rate Swap Liability$75,335
Capital Leases$34,142
Interest Payable$10,071
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The cfo and controller will review the prepared returns. The returns will be reviewed by the audit and finance committee prior to submission to the appropriate taxing authorities. In addition, each member of the board of directors will receive an electronic copy of the irs form 990, return of organization exempt from income tax.

Form 990, Part VI, Section B, Line 12C

Annually, the board and members of the museum management are required to complete and sign a report on potentially conflicting interests and the governance committee is required to share the responses with the board each year. A motion is made to accept the report and is voted on.

Form 990, Part VI, Section B, Line 15

The human resources committee determines the salary levels for officers based on reviews of salary studies from mra and midwest association of museums.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, board minutes, conflict of interest policy and financial statements available to the public upon request as required by the open records law. The conflict of interest disclosure is read into the minutes annually.

Filing and Contact Details

Filer

Filer Name
Milwaukee Public Museum Inc
EIN
39-1723105
Phone
4142786939
Address
800 W WELLS STREET, MILWAUKEE, WI 53233

Signing Officer

Name
Dennis Kois
Title
President
Phone
4142786939
Signed
2016-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Kois
Formed
1992
Legal Domicile
Wi
Voting Board Members
33
Independent Board Members
33
Employees
236
Volunteers
324

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
777 E WISCONSIN AVENUE 32ND FLOOR, MILWAUKEE, WI 53202
Preparer
Troy E Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net change in interest swap liability 57,916. Actuarial loss on post-retirement benefits -2,632,454. Employer contribution - health 67,921.

Form 990, Part XI, Line 2C

No changes were made from the prior year.

Financial Statement Notes

PART III, LINE 1A:

The county has legal title to mpm, inc.'s building, exhibits and artifacts, including any building additions and improvements funded by the county or mpm, inc. All such assets are leased to mpm, inc. Under a long-term lease. Mpm, inc. Has not recorded the building and exhibits from the long-term lease in its consolidated financial statements as the value cannot be determined. Mpm, inc. Capitalizes building additions, improvements and exhibit costs when mpm, inc. Is obligated to pay for those capital items including the theater, the butterfly wing, the concourse, the garden gallery, gift shops and restaurants. These assets will revert to the county if mpm, inc. Were to vacate the facility. Mpm, inc. Amortizes these costs over their anticipated useful lives.

PART V, LINE 4:

To support the exempt purpose of the milwaukee public museum.

PART X, LINE 2:

The tax effects from an uncertain tax position can be recognized in the consolidated financial statements, only if there is substantial authority that the position will be upheld based on the technical merits of the position. The organization does not believe that it has any uncertain tax positions at august 31, 2015 and 2014.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 62,597. Cost of goods sold 542,191. Special event expenses 208,075. Net change in interest swap liability 57,916. Pension and post-retirement benefit -295,243.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Actuarial loss on post-retirement benefits 2,337,211. Restructing costs 198,612.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expense 62,597. Cost of goods sold 542,191. Special event expenses 208,075.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Employer contribution - health 67,921. Restructing costs 198,612.

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IRS990/ActivityOrMissionDesc0THE MILWAUKEE PUBLIC MUSEUM INSPIRES CURIOSITY, EXCITES MINDS AND INCREASES THE DESIRE TO PRESERVE AND PROTECT OUR WORLD'S NATURAL AND CULTURAL DIVERSITY THROUGH EXHIBITIONS, EDUCATIONAL PROGRAMS, COLLECTIONS AND RESEARCH.
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IRS990/Desc0THE MILWAUKEE PUBLIC MUSEUM, INC. OPERATES A NATURAL HISTORY MUSEUM WHICH FOCUSES ON EXHIBITS, PUBLIC PROGRAMMING AND RESEARCH IN THE NATURAL SCIENCES, ANTHROPOLOGY AND HISTORY. THE MILWAUKEE PUBLIC MUSEUM, INC. UNIQUELY AND DIRECTLY ADDRESSES THE THEMES OF BIOLOGICAL AND CULTURAL DIVERSITY AND THEIR INTERRELATIONSHIPS. THE MILWAUKEE PUBLIC MUSEUM, INC. PRESERVES AND CARES FOR ITS COLLECTIONS HELD IN PUBLIC TRUST. THROUGH RESEARCH AND COLLECTIONS, THE MILWAUKEE PUBLIC MUSEUM INC. SEEKS KNOWLEDGE AND UNDERSTANDING OF GLOBAL CHANGE AND DIVERSITY FROM GEOLOGICAL, BIOLOGICAL, CULTURAL AND HISTORICAL PERSPECTIVES. THROUGH ITS RENOWNED EXHIBITS, ITS PROGRAMS AND ITS PUBLICATIONS, THE MILWAUKEE PUBLIC MUSEUM, INC. INTERPRETS THESE THEMES TO DIVERSE AUDIENCES.
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IRS990/Form990PartVIISectionAGrp/PersonNm36MICHAEL BERNATZ
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASST SECRETARY/ ASST TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt30BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt31BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt32PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt33SR. VP OF MUSEUM PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt34SR. VP OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt35VP OF MARKETING & COMMUNIC
IRS990/Form990PartVIISectionAGrp/TitleTxt36SR. VP OF FINANCE/CFO
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.7$4.26$8.42$13.1$14.7$1.64
2024Detailed filing. Detailed filing data is available for this year.$14.7$5.11$9.58$12.0$13.8$1.81
2023Detailed filing. Detailed filing data is available for this year.$16.6$6.13$10.4$13.1$13.4$0.37
2022Detailed filing. Detailed filing data is available for this year.$17.4$6.97$10.4$14.9$13.5$1.41
2021Detailed filing. Detailed filing data is available for this year.$16.8$8.47$8.32$11.6$10.2$1.45
2020Detailed filing. Detailed filing data is available for this year.$16.1$9.92$6.14$10.6$11.1$0.51
2019Detailed filing. Detailed filing data is available for this year.$15.4$9.15$6.25$12.3$12.8$0.49
2018Detailed filing. Detailed filing data is available for this year.$16.6$9.11$7.52$12.2$13.5$1.30
2017Detailed filing. Detailed filing data is available for this year.$18.4$10.5$7.85$10.9$12.5$1.66
2016Detailed filing. Detailed filing data is available for this year.$20.4$11.4$8.98$13.6$13.4$0.23
2015Detailed filing. Detailed filing data is available for this year.$20.3$10.7$9.61$12.2$12.9$0.78
2014Detailed filing. Detailed filing data is available for this year.$21.1$8.11$12.9$11.8$12.9$1.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$11.2$10.8$20.1$15.9$4.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$18.4$2.15$15.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$15.5$5.50$13.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$26.8$4.64$15.0