Milwaukee School Of Engineering
- Assets
- $385.3m
- Revenue
- $170.0m
- Investments
- $0.0
- Employees
- 1,493
- Location
- Milwaukee, WI
- Founding
- 02/1935
- Data as of
- 06/2022
- EIN
- 39-0477970
Organization Overview
Milwaukee School Of Engineering is located in Milwaukee, WI. The organization was established in 1935. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Milwaukee School Of Engineering employed 1,493 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee School Of Engineering is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Milwaukee School Of Engineering generated $170.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $160.6m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MILWAUKEE SCHOOL OF ENGINEERING (THE "UNIVERSITY") IS A NONPROFIT, NONSECTARIAN UNIVERSITY PROVIDING A BALANCED EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVEL FOR MEN AND WOMEN IN THE DISCIPLINES OF ENGINEERING, BUSINESS, MATHEMATICS, AND NURSING. MILWAUKEE SCHOOL OF ENGINEERING IS THE UNIVERSITY OF CHOICE FOR THOSE SEEKING AN INCLUSIVE COMMUNITY OF EXPERIENTIAL LEARNERS DRIVEN TO SOLVE THE COMPLEX CHALLENGES OF TODAY AND TOMORROW.
Describe the Organization's Program Activity:
MILWAUKEE SCHOOL OF ENGINEERING IS A NONPROFIT, NONSECTARIAN UNIVERSITY PROVIDING A BALANCED EDUCATION AT THE UNDERGRADUATE AND GRADUATE LEVEL FOR MEN AND WOMEN IN THE DISCIPLINES OF ENGINEERING, BUSINESS, MATHEMATICS, AND NURSING. MILWAUKEE SCHOOL OF ENGINEERING IS THE UNIVERSITY OF CHOICE FOR THOSE SEEKING AN INCLUSIVE COMMUNITY OF EXPERIENTIAL LEARNERS DRIVEN TO SOLVE THE COMPLEX CHALLENGES OF TODAY AND TOMORROW. TOTAL STUDENT ENROLLMENT FOR THE FALL OF 2021-22 WAS APPROXIMATELY 2,747 OF WHICH 2,565 WERE UNDERGRADUATES AND 182 WERE GRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walz John President | OfficerTrustee | 50 | $722,336 |
Baumgartner Eric VP - Academics | Officer | 50 | $302,008 |
Snow Jeffrey VP - Development & Alumni Affairs | Officer | 50 | $271,909 |
Valley Timothy VP - Enrollment & Student Life | Officer | 50 | $271,755 |
Thibedeau Dawn VP - Finance (term 05/2022) | Officer | 50 | $244,800 |
Williams Stephen VP - Operations | Officer | 50 | $230,436 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ramlowstein Architects Architects | 6/29/22 | $984,136 |
Catalyst Construction Building Construction | 6/29/22 | $3,334,891 |
Vjs Construction Services Building Construction | 6/29/22 | $6,325,578 |
Jp Cullen & Sons Construction Building Construction | 6/29/22 | $2,304,092 |
American Food And Vending Corp Food Service | 6/29/22 | $3,449,641 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $305,350 |
| Related organizations | $0 |
| Government grants | $11,267,245 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,607,350 |
| Noncash contributions included in lines 1a–1f | $48,105 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,179,945 |
| Total Program Service Revenue | $130,511,222 |
| Investment income | $6,833,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $450,605 |
| Net Gain/Loss on Asset Sales | $5,842,530 |
| Net Income from Fundraising Events | -$32,749 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,996,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $68,108,692 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,199,484 |
| Compensation of current officers, directors, key employees. | $1,095,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,257,194 |
| Pension plan accruals and contributions | $1,755,065 |
| Other employee benefits | $6,323,224 |
| Payroll taxes | $2,749,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,503 |
| Fees for services: Accounting | $147,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,001 |
| Fees for services: Other | $712,789 |
| Advertising and promotion | $1,201,259 |
| Office expenses | $2,020,311 |
| Information technology | $1,582,878 |
| Royalties | $0 |
| Occupancy | $4,277,649 |
| Travel | $1,104,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,890,493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,204,951 |
| Insurance | $1,206,897 |
| All other expenses | $3,119,086 |
| Total functional expenses | $160,565,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,222 |
| Savings and temporary cash investments | $25,075,753 |
| Pledges and grants receivable | $4,577,667 |
| Accounts receivable, net | $2,766,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $482,289 |
| Inventories for sale or use | $139,512 |
| Prepaid expenses and deferred charges | $3,063,827 |
| Net Land, buildings, and equipment | $219,656,699 |
| Investments—publicly traded securities | $129,072,285 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,709 |
| Total assets | $385,282,772 |
| Accounts payable and accrued expenses | $8,696,745 |
| Grants payable | $0 |
| Deferred revenue | $2,100,821 |
| Tax-exempt bond liabilities | $26,709,500 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,179,267 |
| Total liabilities | $40,686,333 |
| Net assets without donor restrictions | $248,165,166 |
| Net assets with donor restrictions | $96,431,273 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $385,282,772 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Milwaukee School Of Engineering has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
Audrey Jane Pavlik Charitable Tr Wauwatosa, WI PURPOSE: SUPPORT TO THE SCHOOL | $10,000 |
Dudley And Constance Godfrey Foundation Inc Milwaukee, WI PURPOSE: EDUCATIONAL | $10,000 |
Gebhardt Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $5,000 |
Sarah Margaret Hegarty Foundation Inc Hartland, WI PURPOSE: GENERAL PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $87,461,359 |
| Earnings | -$11,897,944 |
| Net Contributions | $2,618,452 |
| Other Expense | $885,876 |
| Grants | $1,612,907 |
| Ending Balance | $75,683,084 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwestern University Downers Grove, IL | $1,723,437,982 | $501,547,069 |
Milwaukee School Of Engineering Milwaukee, WI | $385,282,772 | $169,996,674 |
Rosalind Franklin University Of Medicine & Science North Chicago, IL | $321,942,163 | $130,066,998 |
Moody Bible Institute Of Chicago Chicago, IL | $517,402,862 | $263,295,292 |
Western Michigan University Homer Stryker M D School Of Medicine Kalamazoo, MI | $424,470,919 | $396,749,999 |
Des Moines University Osteopathic Medical Center Des Moines, IA | $450,267,375 | $87,558,866 |
Palmer College Foundation Davenport, IA | $257,383,249 | $91,492,236 |
Kettering University Flint, MI | $281,450,228 | $82,356,479 |
Accreditation Council For Graduate Medical Education Chicago, IL | $103,044,710 | $71,823,147 |
Mitchell Hamline School Of Law St Paul, MN | $82,186,251 | $56,266,158 |
Thomas M Cooley Law School Lansing, MI | $152,371,660 | $35,841,498 |
Independent School District No 535 Health & Dental Care Rochester, MN | $8,853,710 | $33,608,097 |