Civic Intelligence

Milwaukee Science Education Consortium Inc

EIN 39-1974865 • 501(c)3 • Milwaukee, WI

Profile

The mission of the milwaukee academy of science, an exemplary leader in innovative science education that maximizes the potential of each young mind, is to graduate urban students prepared to compete successfully in science at the post-secondary level, by providing a rigorous 21st century curriculum taught by master educators in collaboration with students, families, staff, and the community.

2000 W Kilbourn AvenueMilwaukee, WI 53233

www.milwaukeeacademyofscience.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.72x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.99x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

29th percentile

-1.9%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

92nd percentile

42%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

76th percentile

23%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$33,484,395

Up $1,696,663 (+5.3%) from 2023

Liabilities

Down

$17,776,620

Down $4,995,428 (-22%) from 2023

Net Assets

Up

$15,707,775

Up $6,692,091 (+74%) from 2023

Revenue

Up

$30,321,540

Up $7,405,776 (+32%) from 2023

Expenses

Up

$23,629,449

Up $277,622 (+1.2%) from 2023

Net Income

Up

$6,692,091

Up $7,128,154 (+1635%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $15,004,387Liabilities 2010: $12,528,037Net Assets 2010: $2,476,3502010Assets 2011: $15,139,403Liabilities 2011: $12,280,515Net Assets 2011: $2,858,8882011Assets 2012: $14,582,667Liabilities 2012: $12,158,645Net Assets 2012: $2,424,0222012Assets 2013: $14,843,729Liabilities 2013: $11,863,800Net Assets 2013: $2,979,9292013Assets 2014: $14,906,452Liabilities 2014: $12,839,880Net Assets 2014: $2,066,5722014Assets 2015: $14,858,529Liabilities 2015: $12,805,035Net Assets 2015: $2,053,4942015Assets 2016: $14,855,476Liabilities 2016: $12,568,602Net Assets 2016: $2,286,8742016Assets 2017: $14,620,524Liabilities 2017: $11,847,553Net Assets 2017: $2,772,9712017Assets 2018: $14,763,942Liabilities 2018: $11,608,548Net Assets 2018: $3,155,3942018Assets 2019: $14,974,816Liabilities 2019: $11,809,476Net Assets 2019: $3,165,3402019Assets 2020: $15,303,965Liabilities 2020: $11,323,908Net Assets 2020: $3,980,0572020Assets 2021: $19,246,549Liabilities 2021: $11,819,549Net Assets 2021: $7,427,0002021Assets 2022: $22,408,763Liabilities 2022: $12,957,016Net Assets 2022: $9,451,7472022Assets 2023: $31,787,732Liabilities 2023: $22,772,048Net Assets 2023: $9,015,6842023Assets 2024: $33,484,395Liabilities 2024: $17,776,620Net Assets 2024: $15,707,7752024

Highlighted filing

2024

Assets$33,484,395
Liabilities$17,776,620
Net Assets$15,707,775

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $9,349,1792010Expenses 2011: $10,228,1352011Revenue 2012: $10,263,013Expenses 2012: $10,697,879Net Income 2012: -$434,8662012Revenue 2013: $10,244,211Expenses 2013: $9,688,304Net Income 2013: $555,9072013Revenue 2014: $9,549,897Expenses 2014: $10,463,254Net Income 2014: -$913,3572014Revenue 2015: $10,375,594Expenses 2015: $10,388,672Net Income 2015: -$13,0782015Revenue 2016: $10,263,120Expenses 2016: $10,029,740Net Income 2016: $233,3802016Revenue 2017: $11,008,021Expenses 2017: $10,521,924Net Income 2017: $486,0972017Revenue 2018: $11,222,038Expenses 2018: $10,839,615Net Income 2018: $382,4232018Revenue 2019: $11,783,540Expenses 2019: $11,773,594Net Income 2019: $9,9462019Revenue 2020: $13,229,988Expenses 2020: $12,619,869Net Income 2020: $610,1192020Revenue 2021: $16,479,194Expenses 2021: $13,032,251Net Income 2021: $3,446,9432021Revenue 2022: $18,701,164Expenses 2022: $16,676,417Net Income 2022: $2,024,7472022Revenue 2023: $22,915,764Expenses 2023: $23,351,827Net Income 2023: -$436,0632023Revenue 2024: $30,321,540Expenses 2024: $23,629,449Net Income 2024: $6,692,0912024

Highlighted filing

2024

Revenue$30,321,540
Expenses$23,629,449
Net Income$6,692,091

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.5$17.8$15.7$30.3$23.6$6.69
2023Detailed filing. Detailed filing data is available for this year.$31.8$22.8$9.02$22.9$23.4$0.44
2022Detailed filing. Detailed filing data is available for this year.$22.4$13.0$9.45$18.7$16.7$2.02
2021Detailed filing. Detailed filing data is available for this year.$19.2$11.8$7.43$16.5$13.0$3.45
2020Detailed filing. Detailed filing data is available for this year.$15.3$11.3$3.98$13.2$12.6$0.61
2019Detailed filing. Detailed filing data is available for this year.$15.0$11.8$3.17$11.8$11.8$0.01
2018Detailed filing. Detailed filing data is available for this year.$14.8$11.6$3.16$11.2$10.8$0.38
2017Detailed filing. Detailed filing data is available for this year.$14.6$11.8$2.77$11.0$10.5$0.49
2016Detailed filing. Detailed filing data is available for this year.$14.9$12.6$2.29$10.3$10.0$0.23
2015Detailed filing. Detailed filing data is available for this year.$14.9$12.8$2.05$10.4$10.4$0.01
2014Detailed filing. Detailed filing data is available for this year.$14.9$12.8$2.07$9.55$10.5$0.91
2013Summary only. Only limited summary data is available for this year.$14.8$11.9$2.98$10.2$9.69$0.56
2012Summary only. Only limited summary data is available for this year.$14.6$12.2$2.42$10.3$10.7$0.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$12.3$2.86$10.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$12.5$2.48$9.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$30,404,235
Mission and Program Overview

Mission

The mission of the milwaukee academy of science, an exemplary leader in innovative science education that maximizes the potential of each young mind, is to graduate urban students prepared to compete successfully in science at the post-secondary level, by providing a rigorous 21st century curriculum taught by master educators in collaboration with students, families, staff, and the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,580,280$19,312,133▲ $5,731,853
Savings and Temporary Cash Investments$3,791,686$6,629,634▲ $2,837,948
Pledges and Grants Receivable$2,493,411$3,756,671▲ $1,263,260
Investments in Publicly Traded Securities$947,418$3,125,327▲ $2,177,909
Accounts Receivable$15,081$264,072▲ $248,991
Prepaid Expenses and Deferred Charges$183,955$244,361▲ $60,406
Cash and Non-Interest-Bearing Accounts$434,120$152,197▼ $281,923
Total Assets$31,787,732$33,484,395▲ $1,696,663
Other Assets Total$10,341,781$0▼ $10,341,781
Liabilities
Tax Exempt Bond Liabilities$21,003,848$11,291,247▼ $9,712,601
Mortgage Notes Payable Secured by Investment Property$0$4,048,977▲ $4,048,977
Accounts Payable and Accrued Expenses$1,757,435$2,403,621▲ $646,186
Deferred Revenue$10,765$32,775▲ $22,010
Total Liabilities$22,772,048$17,776,620▼ $4,995,428
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,330,565$14,878,373▲ $6,547,808
Net Assets With Donor Restrictions$685,119$829,402▲ $144,283
Total Net Assets Fund Balance$9,015,684$15,707,775▲ $6,692,091
Total Liabilities and Net Assets / Fund Balance$31,787,732$33,484,395▲ $1,696,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,597,506$6,182,573$19,780,079
Other Land Buildings$5,089,527-$5,089,527
Equipment$325,100$468,888$793,988
Land$300,000-$300,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anthony MchenryChief Executive OfficerFT$173,588$38,536$212,124
Pat CornettCFO (thru Feb 2024)FT$113,933$7,953$121,886

Board Members and Trustees

NameTitle
Bill ReitmanBoard Chair
Christopher LaydenFormer Board Chair
Kathryn KuhnVice Chair
Ajay SahajpalBoard Member
Clavon ByrdBoard Member
Daniel JessupBoard Member
Frederick JacksonBoard Member
Jay Sandlow MdBoard Member
Jean HossenloppBoard Member
Jennifer Bolger BrecedaBoard Member
Jennifer JeterBoard Member
John Raymond MdBoard Member
Karen FriedlenBoard Member
Keeley HayesBoard Member
Kevin MalaneyBoard Member
Ryan DanielsBoard Member
Sharonda WilliamsBoard Member
Steve RichmanBoard Member
Corey SmithSecretary
William SchoyerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Riteway Bus ServiceTransporation ServicesPO BOX 88717, Milwaukee, WI 53288-0717$1,328,404
Associated Building MaintenanceJanitorial ServicesPO BOX 240337, Milwaukee, WI 53224$1,028,168
A'viandsFood ServicePO BOX 743357, Atlanta, GA 30374$841,202
Gilbane Reconstruction SvcsReconstruction Svcs7 JACKSON WAY, Providence, RI 02903$640,282
Dirty DuctsAsbestos Abatement3025 PERRY ST, Madison, WI 53713$501,352
Revenue and Support

Revenue Composition

Contributions and Grants
$26,330,391
Program Service Revenue
$36,662
Investment Income
$272,223
Other Revenue
$3,682,264
All Other Contributions
$1,958,359
Change in Net Assets
$6,692,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$30,321,540
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$82,695
Total Revenue per Audited Statements
$30,404,235
Total Revenue per Form 990
$30,321,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,153,010
Other Expenses$11,476,439
Total Fundraising Expense$203,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,538,423-$140,433$9,678,856
Fees for Services Other$3,369,177$205,908$8,844$3,583,929
Other Employee Benefits$1,190,363$55,414$8,983$1,254,760
Interest$952,719$50,143-$1,002,862
Payroll Taxes$756,613$49,107$9,625$815,345
Depreciation Depletion$596,287$31,383-$627,670
Occupancy$612,783--$612,783
Insurance$103,665$391,566-$495,231
Other Expenses$213,074$99,495$2,438$315,007
Current Officers, Directors, Trustees, and Key Employees$253,027$57,312-$310,339
Information Technology$161,894$82,854$7,937$252,685
Office Expenses$132,571$56,367$12,007$200,945
All Other Expenses$98,062$94,987$4,476$197,525
Advertising$5,691$135,778$4,150$145,619
Pension Plan Contributions$90,800-$2,910$93,710
Travel$4,140$560$318$5,018
Total Functional Expenses$20,303,502$3,122,446$203,501$23,629,449

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$23,712,144
Expenses per Audited Statements$23,629,449
Total Expenses per Form 990$23,629,449
Expenses Not Reported on Form 990$82,695
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$82,695
Fundraising Gross Income$75,717
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$282,451$61,800$12,002$49,798
Golf Outing$33,917$13,917$1,118$12,799
Total Events$316,368$75,717$82,695$-6,978
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Associated Building MaintenanceENTITY MORE THAN 35% OWNED BY COREY SMITH, BOARD SECRETARYJanitorial Services Provided by Associated Building Maintenance.No$1,497,584
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWisconsin Health & Educational Facilities Authority2023-06-22$11,675,893Refinanced 2013 series bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,675,893--$154,924

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No

Governance Explanations

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

The copy of the form 990 is electronically provided to board members for their review prior to filing with the internal revenue service.

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

Each director shall disclose to the board of directors any conflict of interest or possible conflict of interest whenever the conflict pertains to a matter being considered by the board. Any director having a conflict of interest on any matter shall abstain from voting on the matter but may be counted in determining the quorum for the vote on the matter. In addition, he or she shall not use his or her personal influence on the matter, but may briefly state his or her position on the matter and may answer pertinent questions from other directors since his or her knowledge may be of great assistance. The minutes of the meeting involving any such situation shall reflect at least the following: a) that a conflict existed; b) that a disclosure was made regarding the conflict; c) that the director with the conflict abstained from voting; and d) whether or not a quorum existed. If a director is uncertain as to whether he or she has a duality or conflict of interest which requires abstention, or if a director asserts that another director has such a duality or conflict, the board, by majority vote of those present other than the director having the possible conflict, shall decide whether abstention is required. If so, the director will be deemed to have abstained. The ceo, cfo, and board chair are responsible for monitoring.

Form 990, Part VI, Section B, Line 15

Compensation is determined by executive committee of the board. Comparability studies of other charter schools pay using their form 990 for ceo, cfo and cao is conducted annually.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request for inspection at the organization's facility.

Filing and Contact Details

Filer

Filer Name
The Milwaukee Science Education
EIN
39-1974865
Phone
4149330302
Address
2000 W KILBOURN AVENUE, MILWAUKEE, WI 53233
Doing Business As
Milwaukee Academy of Science

Signing Officer

Name
William Schoyer
Title
Treasurer
Phone
4149330302
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Mchenry
Formed
1999
Legal Domicile
Wi
Voting Board Members
20
Independent Board Members
19
Employees
254
Volunteers
45

Preparer

Firm
Wipfli Llp
Address
170 N RADNOR-CHESTER RD SUITE 200, RADNOR, PA 19087
Preparer
Solomon Mardakhaev
Phone
6105653930
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Personal services: program service expenses 142,398. Management and general expenses 107,556. Fundraising expenses 8,844. Total expenses 258,798. Janitorial services: program service expenses 819,270. Management and general expenses 0. Fundraising expenses 0. Total expenses 819,270. Property services: program service expenses 428,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 428,100. Fiscal purchased services: program service expenses 360,967. Management and general expenses 0. Fundraising expenses 0. Total expenses 360,967. Purchased services - breakfast: program service expenses 394,153. Management and general expenses 0. Fundraising expenses 0. Total expenses 394,153. Purchased services - nsl: program service expenses 652,904. Management and general expenses 0. Fundraising expenses 0. Total expenses 652,904. Other purchased services: program service expenses 571,385. Management and general expenses 98,352. Fundraising expenses 0. Total expenses 669,737.

Financial Statement Notes

PART X, LINE 2:

The school recognizes the benefits of a tax position only after determining whether it is more likely than not that a taxing authority would sustain the tax position upon examination of the technical merits of the tax position, assuming the taxing authority has the full knowledge of all information. The school recorded no assets or liabilities related to uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 82,695.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 82,695.

Raw XML AppendixShowing 400 of 710 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/ActivityOrMissionDesc0THE MISSION OF THE MILWAUKEE ACADEMY OF SCIENCE, AN EXEMPLARY LEADER IN INNOVATIVE SCIENCE EDUCATION THAT MAXIMIZES THE POTENTIAL OF EACH YOUNG MIND, IS TO GRADUATE URBAN STUDENTS PREPARED TO COMPETE SUCCESSFULLY IN SCIENCE AT THE POST-SECONDARY LEVEL, BY PROVIDING A RIGOROUS 21ST CENTURY CURRICULUM TAUGHT BY MASTER EDUCATORS IN COLLABORATION WITH STUDENTS, FAMILIES, STAFF, AND THE COMMUNITY.
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IRS990/Desc0THE ORGANIZATION OPERATES A K4-12 COLLEGE PREPARATORY SCHOOL IN MILWAUKEE, WISCONSIN WITH A CURRICULUM FOCUSED ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH. FOR THE YEAR ENDED JUNE 30, 2024, THE SCHOOL SERVED AN AVERAGE OF 1,400 STUDENTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21CFO (THRU FEB 2024)
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IRS990/MissionDesc0THE MISSION OF THE MILWAUKEE ACADEMY OF SCIENCE, AN EXEMPLARY LEADER IN INNOVATIVE SCIENCE EDUCATION THAT MAXIMIZES THE POTENTIAL OF EACH YOUNG MIND, IS TO GRADUATE URBAN STUDENTS PREPARED TO COMPETE SUCCESSFULLY IN SCIENCE AT THE POST-SECONDARY LEVEL, BY PROVIDING A RIGOROUS 21ST CENTURY CURRICULUM TAUGHT BY MASTER EDUCATORS IN COLLABORATION WITH STUDENTS, FAMILIES, STAFF, AND THE COMMUNITY.
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