Civic Intelligence

Milwaukee Public Schools Foundation Incorporated

990 • Fiscal year 2018 • EIN 39-1929112

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 09, 2019

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

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

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

Liabilities / Revenue

42nd percentile

0.06x

Higher debt load relative to revenue than 42% of similar nonprofits.

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

Net Margin

26th percentile

-5.6%

Higher net margin than 26% of similar nonprofits.

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

Top Officer Pay

90th percentile

$205,178

Higher top officer pay than 90% of similar nonprofits.

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

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

Asset Growth

39th percentile

-1.4%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

8th percentile

-34%

Faster revenue growth than 8% of similar nonprofits.

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

Assets

Down

$2,365,886

Down $33,852 (-1.4%) from 2017

Net Assets

Down

$2,290,188

Down $67,097 (-2.8%) from 2017

Liabilities

Up

$75,698

Up $33,245 (+78%) from 2017

Revenue

Down

$1,193,863

Down $627,858 (-34%) from 2017

Expenses

Up

$1,260,960

Up $81,557 (+6.9%) from 2017

Net Income

Down

-$67,097

Down $709,415 (-110%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$2,365,886
Liabilities$75,698
Net Assets$2,290,188

Operations Trend

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

2018

Revenue$1,193,863
Expenses$1,260,960
Net Income-$67,097
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 9, 2019
Return Version
2018v3.1
Gross Receipts
$1,236,071
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
Savings and Temporary Cash Investments$1,963,221$1,963,737▲ $516
Cash and Non-Interest-Bearing Accounts$204,115$314,719▲ $110,604
Pledges and Grants Receivable$91,692$61,230▼ $30,462
Prepaid Expenses and Deferred Charges$115,710$1,200▼ $114,510
Total Assets$2,399,738$2,365,886▼ $33,852
Other Assets Total$25,000$25,000→ $0
Liabilities
Grants Payable$15,244$66,657▲ $51,413
Accounts Payable and Accrued Expenses$27,209$9,041▼ $18,168
Total Liabilities$42,453$75,698▲ $33,245
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,147,549$1,990,528▼ $157,021
Unrestricted Net Assets$184,736$274,660▲ $89,924
Permanently Rstr Net Assets$25,000$25,000→ $0
Total Net Assets Fund Balance$2,357,285$2,290,188▼ $67,097
Total Liabilities and Net Assets / Fund Balance$2,399,738$2,365,886▼ $33,852
Compensation and Service Providers

Employees

NameTitleOtherTotal
Carol VossBoard Member$17,645$17,645

Board Members and Trustees

NameTitle
John KerseyChair
Stephen M FrancavigliaVice Chair
Anthony SmithBoard Member
Christina FiascaBoard Member
Deana SinghBoard Member
Fred TabakBoard Member
H Carl MuellerBoard Member
Heidi SchneiderBoard Member
James FriedmanBoard Member
Mark SabljakBoard Member
Peter FeiginBoard Member
Tina ChangBoard Member
Wendell WillisExecutive Director
Jacqueline Herd-barberSecretary
Joaquin AltoroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,127,678
Program Service Revenue
$0
Investment Income
$2,669
Other Revenue
$63,516
All Other Contributions
$1,127,678
Change in Net Assets
$-67,097

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,193,863
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$322,902
Total Revenue per Audited Statements
$1,516,765
Total Revenue per Form 990
$1,193,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,144,927
Other Expenses$116,033
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,144,927--$1,144,927
Fees for Services Accounting-$34,550-$34,550
Fees for Services Other-$15,044-$15,044
Advertising-$8,045-$8,045
Fees for Services Legal-$4,229-$4,229
Office Expenses-$4,223-$4,223
Conferences and Meetings-$3,496-$3,496
Insurance-$1,728-$1,728
All Other Expenses-$1,158-$1,158
Other Expenses-$1,046-$1,046
Information Technology-$144-$144
Interest-$72-$72
Travel-$63-$63
Total Functional Expenses$1,144,927$116,033$0$1,260,960

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,583,862
Expenses per Audited Statements$1,260,960
Total Expenses per Form 990$1,260,960
Expenses Not Reported on Form 990$322,902
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Milwaukee Public SchoolsMilwaukee, WI-Scholarship Award$355,371
University of Wisconsin - MilwaukeeMilwaukee, WI-Scholarship Award$30,000
Marquette UniversityMilwaukee, WI-Scholarship Award$13,600
University of Wisconsin - MadisonMadison, WI-Scholarship Award$10,500
Milwaukee Area Technical CollegeMilwaukee, WI-Scholarship Award$5,500
Iowa Western Community CollegeCouncil Bluffs, IA-Scholarship Award$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$105,724
Fundraising Direct Expenses$42,208
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$105,724$105,724$16,591$89,133
Total Events$105,724$105,724$42,208$63,516
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
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
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
Wendell Willis
Title
Executive Director
Phone
4144758013
Signed
2019-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendell Willis
Formed
1998
Legal Domicile
Wi
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

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.

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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0144
IRS990/InformationTechnologyGrp/TotalAmt0144
IRS990/InsuranceGrp/ManagementAndGeneralAmt01728
IRS990/InsuranceGrp/TotalAmt01728
IRS990/InterestGrp/ManagementAndGeneralAmt072
IRS990/InterestGrp/TotalAmt072
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02669
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02669
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt016
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/NetAssetsOrFundBalancesBOYAmt02357285
IRS990/NetAssetsOrFundBalancesEOYAmt02290188
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt063516
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt063516
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04223
IRS990/OfficeExpensesGrp/TotalAmt04223
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025000
IRS990/OtherAssetsTotalGrp/EOYAmt025000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPONSORSHIPS AND GENERA
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2SERVICE FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt032940
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19295
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21046
IRS990/OtherExpensesGrp/TotalAmt032940
IRS990/OtherExpensesGrp/TotalAmt19295
IRS990/OtherExpensesGrp/TotalAmt21046
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt025000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt091692
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt061230
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0115710
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01200
IRS990/PrincipalOfficerNm0WENDELL WILLIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0COLLEGE ACCESS - TO ASSIST MILWAUKEE-AREA STUDENTS IN GRADES 6 THROUGH 12 WITH FREE SUPPORT IN PLANNING COLLEGE AND CAREER ASSISTANCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt093288
IRS990/ProgSrvcAccomActy2Grp/GrantAmt093288
IRS990/ProgSrvcAccomActy3Grp/Desc0LEARNING JOURNEYS - TO CONNECT CLASSROOM INSTRUCTION FOR STUDENTS WITH REAL-WORLD LEARNING OPPORTUNITIES AT MUSEUMS, CULTURAL EXPERIENCES AND SCIENTIFIC VENUES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0303657
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0303657
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0664328
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0664328
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01819650
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0602445
IRS990/PYInvestmentIncomeAmt02071
IRS990/PYOtherExpensesAmt0576958
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0642318
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01179403
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01821721
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-67097
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01963221
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01963737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01127678
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01819650
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01079013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0524556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0529107
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05080004
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02669
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0921
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01100
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02516
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02144
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09350
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99820
IRS990ScheduleA/PublicSupportPY170Pct00.99800
IRS990ScheduleA/PublicSupportTotal170Amt05080004
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01127678
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01819650
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01079013
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0524556
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0529107
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05080004
IRS990ScheduleA/TotalSupportAmt05089354
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0322902
IRS990ScheduleD/DonatedServicesUseFcltsAmt0322902
IRS990ScheduleD/ExpensesNotReportedAmt0322902
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01260960
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt0322902
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01193863
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/TotalExpensesPerForm990Amt01260960
IRS990ScheduleD/TotalRevenuePerForm990Amt01193863
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01516765
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01583862
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042208
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt025617
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt025617
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0105724
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0105724
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0105724
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0105724
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt063516
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt016591
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016591
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/CashGrantAmt110500
IRS990ScheduleI/RecipientTable/CashGrantAmt25500
IRS990ScheduleI/RecipientTable/CashGrantAmt35000
IRS990ScheduleI/RecipientTable/CashGrantAmt413600
IRS990ScheduleI/RecipientTable/CashGrantAmt5355371
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP AWARD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIP AWARD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SCHOLARSHIP AWARD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SCHOLARSHIP AWARD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SCHOLARSHIP AWARD
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5SCHOLARSHIP 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/BusinessNameLine1Txt3IOWA WESTERN COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4MARQUETTE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5MILWAUKEE PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0396003457
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/AddressLine1Txt32700 COLLEGE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41250 W WISCONSIN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt55225 W VLIET STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3COUNCIL BLUFFS
IRS990ScheduleI/RecipientTable/USAddress/CityNm4MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/CityNm5MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2018Detailed filing. Detailed filing data is available for this year.$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
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$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