Civic Intelligence

Milwaukee Public Schools Foundation Incorporated

990 • Fiscal year 2016 • EIN 39-1929112

Jan 01, 2016 to Dec 31, 2016 • Filed on May 23, 2017

Organization ProfileWWW.MPSFOUNDATION.NET
234 West Galena StreetMilwaukee, WI 53212

(414) 874-5291

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

94th percentile

57%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$186,065

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

92nd percentile

55%

Faster asset growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

94th percentile

105%

Faster revenue growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$1,723,431

Up $609,328 (+55%) from 2015

Net Assets

Up

$1,714,967

Up $619,351 (+57%) from 2015

Liabilities

Down

$8,464

Down $10,023 (-54%) from 2015

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin94th percentile

Revenue

Up

$1,080,113

Up $553,041 (+105%) from 2015

Expenses

Up

$460,762

Up $162,874 (+55%) from 2015

Net Income

Up

$619,351

Up $390,167 (+170%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,177,829Liabilities 2011: $0Net Assets 2011: $1,177,8292011Assets 2012: $1,507,147Liabilities 2012: $0Net Assets 2012: $1,507,1472012Assets 2013: $1,625,475Liabilities 2013: $0Net Assets 2013: $1,625,4752013Assets 2014: $911,981Liabilities 2014: $45,549Net Assets 2014: $866,4322014Assets 2015: $1,114,103Liabilities 2015: $18,487Net Assets 2015: $1,095,6162015Assets 2016: $1,723,431Liabilities 2016: $8,464Net Assets 2016: $1,714,9672016Assets 2017: $2,399,738Liabilities 2017: $42,453Net Assets 2017: $2,357,2852017Assets 2018: $2,365,886Liabilities 2018: $75,698Net Assets 2018: $2,290,1882018Assets 2019: $2,468,049Liabilities 2019: $65,548Net Assets 2019: $2,402,5012019Assets 2020: $4,053,491Liabilities 2020: $37,235Net Assets 2020: $4,016,2562020Assets 2021: $3,703,074Liabilities 2021: $44,441Net Assets 2021: $3,658,6332021Assets 2022: $2,811,848Liabilities 2022: $28,939Net Assets 2022: $2,782,9092022Assets 2023: $3,359,253Liabilities 2023: $102,050Net Assets 2023: $3,257,2032023Assets 2024: $4,117,673Liabilities 2024: $55,752Net Assets 2024: $4,061,9212024

Highlighted filing

2016

Assets$1,723,431
Liabilities$8,464
Net Assets$1,714,967
Open 2016 Filing

Operations Trend

Revenue Growth94th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $879,407Expenses 2011: $346,813Net Income 2011: $532,5942011Expenses 2012: $259,9722012Revenue 2013: $352,043Expenses 2013: $321,306Net Income 2013: $30,7372013Revenue 2014: $531,251Expenses 2014: $612,426Net Income 2014: -$81,1752014Revenue 2015: $527,072Expenses 2015: $297,888Net Income 2015: $229,1842015Revenue 2016: $1,080,113Expenses 2016: $460,762Net Income 2016: $619,3512016Revenue 2017: $1,821,721Expenses 2017: $1,179,403Net Income 2017: $642,3182017Revenue 2018: $1,193,863Expenses 2018: $1,260,960Net Income 2018: -$67,0972018Revenue 2019: $1,802,344Expenses 2019: $1,690,031Net Income 2019: $112,3132019Revenue 2020: $3,091,006Expenses 2020: $1,477,251Net Income 2020: $1,613,7552020Revenue 2021: $1,550,548Expenses 2021: $1,908,171Net Income 2021: -$357,6232021Revenue 2022: $1,816,040Expenses 2022: $2,691,764Net Income 2022: -$875,7242022Revenue 2023: $1,807,649Expenses 2023: $1,385,865Net Income 2023: $421,7842023Revenue 2024: $2,546,080Expenses 2024: $1,741,362Net Income 2024: $804,7182024

Highlighted filing

2016

Revenue$1,080,113
Expenses$460,762
Net Income$619,351
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 23, 2017
Return Version
2016v3.0
Gross Receipts
$1,080,113
Mission and Program Overview

Mission

To promote educational excellence and strenghten community participation in the milwaukee public schools

To promote educational excellence and strenghten community participation in mps.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$651,961$1,235,072▲ $583,111
Savings and Temporary Cash Investments$416,291$417,392▲ $1,101
Pledges and Grants Receivable$18,351$45,967▲ $27,616
Prepaid Expenses and Deferred Charges$2,500$0▼ $2,500
Total Assets$1,114,103$1,723,431▲ $609,328
Other Assets Total$25,000$25,000→ $0
Liabilities
Grants Payable$12,647$6,157▼ $6,490
Accounts Payable and Accrued Expenses$5,840$2,307▼ $3,533
Total Liabilities$18,487$8,464▼ $10,023
Net Assets / Fund Balance
Temporarily Rstr Net Assets$907,509$1,525,584▲ $618,075
Unrestricted Net Assets$163,107$164,383▲ $1,276
Permanently Rstr Net Assets$25,000$25,000→ $0
Total Net Assets Fund Balance$1,095,616$1,714,967▲ $619,351
Total Liabilities and Net Assets / Fund Balance$1,114,103$1,723,431▲ $609,328
Compensation and Service Providers
Top Officer Pay88th percentile

Board Members and Trustees

NameTitle
Anthony SmithBoard Member
Carlos VossBoard Member
Christina FiascaBoard Member
Daniel BaderBoard Member
Deana SinghBoard Member
Fred TabakBoard Member
Griselda AldreteBoard Member
H Carl MuellerBoard Member
Jacqueline Herd-barberBoard Member
James FriedmanBoard Member
Joaquin AltoroBoard Member
John KerseyBoard Member
Mark SabljakBoard Member
Peter FeiginBoard Member
Reggie MooreBoard Member
Stephen M FrancavigliaBoard Member
Tammie XiongBoard Member
Tina ChangBoard Member
Ann MterrellExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$1,079,013
Program Service Revenue
$0
Investment Income
$1,100
Other Revenue
$0
All Other Contributions
$1,079,013
Change in Net Assets
$619,351

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,080,113
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$313,433
Total Revenue per Audited Statements
$1,393,546
Total Revenue per Form 990
$1,080,113
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$348,990
Other Expenses$111,772
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$348,990--$348,990
Fees for Services Accounting-$6,000-$6,000
Insurance-$3,136-$3,136
Conferences and Meetings-$3,065-$3,065
Other Expenses$1,958$1,524-$1,524
Fees for Services Legal$22--$22
Total Functional Expenses$408,999$51,763$0$460,762

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$774,195
Expenses per Audited Statements$460,762
Total Expenses per Form 990$460,762
Expenses Not Reported on Form 990$313,433
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Milwaukee Area Technical CollegeMilwaukee, WI-Scholarship Award$15,000
University of Wisconsin - MadisonMadison, WI-Scholarship Award$6,000
University of Minnesota - Twin CitiesMinneapolis, MN-Scholarship Award$5,000
University of Wisconsin - MilwaukeeMilwaukee, WI-Scholarship Award$5,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Completed 990 forms are shared with the foundation board of directors during our regularly scheduled meeting.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available to the public during the tax year upon request.”

Filing and Contact Details

Filer

Filer Name
Milwaukee Public Schools Foundation
EIN
39-1929112
Phone
4148745291
Address
234 WEST GALENA STREET, MILWAUKEE, WI 53212

Signing Officer

Name
Ann Terrell
Title
Executive Director
Phone
4144758013
Signed
2017-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Terrell
Formed
1998
Legal Domicile
Wi
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
18

Preparer

Firm
Reilly Penner & Benton Llp
Address
1233 NORTH MAYFAIR ROAD SUITE 302, MILWAUKEE, WI 53226-3255
Preparer
Brian Mechenich
Phone
4142717800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No change from prior year.”

Financial Statement Notes

PART III, LINE 4:

“Oil painting titled "looking ahead". The artist's paintings are known for individuals who society has taken for granted, forgotten or overlooked. The purpose of the portrait is to reflect the great potential the children have.”

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code as a charitable organization whereby only unrelated business income, as defined by section 509(a)(1) of the code, is subject to federal income tax. The foundation currently has no unrelated business income. Accordingly, no provision for income taxes has been recorded. The foundation has implemented accounting for uncertainty in income taxes in accordance with accounting principles generally accepted in the united states of america. This standard describes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognizing, interest, penalties and disclosure required. Management of the foundation evaluates the uncertain tax positions taken, if any, and consults with outside counsel as deemed necessary. The foundation recognizes interest and penalties, if any, related to unrecognized tax liabilities in income tax expense. The foundation does not anticipate any income tax liability.”

Raw XML AppendixShowing 400 of 563 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01080113
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03136
IRS990/InsuranceGrp/TotalAmt03136
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01100
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01100
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE EDUCATIONAL EXCELLENCE AND STRENGHTEN COMMUNITY PARTICIPATION IN THE MILWAUKEE PUBLIC SCHOOLS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01095616
IRS990/NetAssetsOrFundBalancesEOYAmt01714967
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025000
IRS990/OtherAssetsTotalGrp/EOYAmt025000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1PRINTING AND PHOTOGRAPH
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt034130
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13908
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21524
IRS990/OtherExpensesGrp/ProgramServicesAmt058029
IRS990/OtherExpensesGrp/ProgramServicesAmt11958
IRS990/OtherExpensesGrp/TotalAmt092159
IRS990/OtherExpensesGrp/TotalAmt15866
IRS990/OtherExpensesGrp/TotalAmt21524
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt025000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt018351
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt045967
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ANN TERRELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0CULINARY ARTS - FOUR MPS SCHOOLS LAUNCHED THE NEW TWO-YEAR CULINARY PROGRAM SET TO HELP STUDENTS GET A HEAD START IN THE GROWING AND EXCITING CULINARY ARTS AND HOSPITALITY FIELDS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt051938
IRS990/ProgSrvcAccomActy2Grp/GrantAmt051938
IRS990/ProgSrvcAccomActy3Grp/Desc0FERNWOOD FUND SUPPORTS PROGRAMS AND PROJECTS IDENTIFIED TO ENHANCE THE FERNWOOD MONTESSORI LEARNING PROGRAM AT THE SCHOOL.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt050000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt050000
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0167871
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0107863
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0524556
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0282306
IRS990/PYInvestmentIncomeAmt02516
IRS990/PYOtherExpensesAmt015582
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0229184
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0297888
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0527072
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0619351
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0416291
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0417392
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01079013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0524556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0529107
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0350195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0525918
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03008789
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01100
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02516
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02144
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01847
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02834
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010441
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99650
IRS990ScheduleA/PublicSupportPY170Pct00.99360
IRS990ScheduleA/PublicSupportTotal170Amt03008789
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01079013
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0524556
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0529107
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0350195
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0525918
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03008789
IRS990ScheduleA/TotalSupportAmt03019230
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0313433
IRS990ScheduleD/DonatedServicesUseFcltsAmt0313433
IRS990ScheduleD/ExpensesNotReportedAmt0313433
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0460762
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/HeldWorksArtGrp/AssetsIncludedAmt025000
IRS990ScheduleD/RevenueNotReportedAmt0313433
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01080113
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OIL PAINTING TITLED "LOOKING AHEAD". THE ARTIST'S PAINTINGS ARE KNOWN FOR INDIVIDUALS WHO SOCIETY HAS TAKEN FOR GRANTED, FORGOTTEN OR OVERLOOKED. THE PURPOSE OF THE PORTRAIT IS TO REFLECT THE GREAT POTENTIAL THE CHILDREN HAVE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE FOUNDATION CURRENTLY HAS NO UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE FOUNDATION HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNIZING, INTEREST, PENALTIES AND DISCLOSURE REQUIRED. MANAGEMENT OF THE FOUNDATION EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. THE FOUNDATION DOES NOT ANTICIPATE ANY INCOME TAX LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0460762
IRS990ScheduleD/TotalRevenuePerForm990Amt01080113
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01393546
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0774195
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05000
IRS990ScheduleI/RecipientTable/CashGrantAmt16000
IRS990ScheduleI/RecipientTable/CashGrantAmt215000
IRS990ScheduleI/RecipientTable/CashGrantAmt35000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP AWARD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIP AWARD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SCHOLARSHIP AWARD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SCHOLARSHIP AWARD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SCHOLARSHIP AWARD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF WISCONSIN - MILWAUKEE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNIVERSITY OF WISCONSIN - MADISON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MILWAUKEE AREA TECHNICAL COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3UNIVERSITY OF MINNESOTA - TWIN CITIES
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03203 NORTH DOWNER AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1333 EAST CAMPUS MALL 10501
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2700 WEST STATE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3100 CHURCH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd053201
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd153705
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd253233
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd355455
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MPS FOUNDATION CUTS CHECKS DIRECTLY TO THE GOVERNMENTAL UNIT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt04
IRS990ScheduleJ/AnyNonFixedPaymentsInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,723,431
Liabilities
$8,464
Net assets
$1,714,967
Revenue
$1,080,113
Expenses
$460,762
Net income
$619,351
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.12$0.06$4.06$2.55$1.74$0.80
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.36$0.10$3.26$1.81$1.39$0.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.03$2.78$1.82$2.69$0.88
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.70$0.04$3.66$1.55$1.91$0.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.05$0.04$4.02$3.09$1.48$1.61
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.07$2.40$1.80$1.69$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$0.08$2.29$1.19$1.26$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.04$2.36$1.82$1.18$0.64
2016Detailed filing. Detailed filing data is available for this year.$1.72$0.01$1.71$1.08$0.46$0.62
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.02$1.10$0.53$0.30$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.91$0.05$0.87$0.53$0.61$0.08
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.63$0.00$1.63$0.35$0.32$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.00$1.51$0.26
2011Summary only. Only limited summary data is available for this year.$1.18$0.00$1.18$0.88$0.35$0.53