Milwaukee Institute Of Art And Design Inc
- Assets
- $27.9m
- Revenue
- $42.3m
- Investments
- $0.0
- Employees
- 536
- Location
- Milwaukee, WI
- Founding
- 10/1974
- Data as of
- 05/2022
- EIN
- 39-1201561
Organization Overview
Milwaukee Institute Of Art And Design Inc is located in Milwaukee, WI. The organization was established in 1974. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Milwaukee Institute Of Art And Design Inc employed 536 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Institute Of Art And Design Inc 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 05/2022, Milwaukee Institute Of Art And Design Inc generated $42.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $39.2m during the year ending 05/2022. While expenses have increased by 8.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MILWAUKEE INSTITUTE OF ART AND DESIGN'S MISSION IS TO IGNITE CURIOUS MINDS THROUGH ART, DESIGN AND SERVICE. WE VALUE COURAGE TO SEEK OUR OWN PATH, INTEGRITY TO PURSUE OUR LIVES AND WORK WITH MEANING, KINDNESS TO THOUGHTFULLY ENGAGE WITH OTHERS, COMMUNITY TO POSITIVELY CONTRIBUTE TO THE WORLD AROUND US, INNOVATION TO MEET UNIVERSAL CHALLENGES IN NEW WAYS, AND INCLUSION TO FIND STRENGTH IN DIVERSITY. OUR VISION IS TO BE A GALVANIZED EDUCATIONAL AND CREATIVE COMMUNITY, ADDRESSING UNIVERAL NEEDS THROUGH OUR THOUGHT, DESIGN AND EXPRESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MILWAUKEE INSTITUTE OF ART & DESIGN (MIAD) WAS FOUNDED IN 1974 AND IS A NONPROFIT COLLEGE OFFERING A BACHELOR OF FINE ARTS DEGREE ACCREDITED BY THE HIGHER LEARNING COMMISSION AND THE NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN. THE COLLEGE ENROLLS APPROXIMATELY 900 STUDENTS IN FIVE MAJORS: COMMUNICATION DESIGN, ILLUSTRATION, INTERIOR ARCHITECTURE AND DESIGN, NEW STUDIO PRACTICE: FINE ARTS AND PRODUCT DESIGN. MIAD ENGAGES ALL STUDENTS IN A SERVICE LEARNING PROGRAM WITH 200+ NONPROFIT PARTNERS AND THE COLLEGE CONNECTS STUDENTS TO INDUSTRY LEADERS AND HANDS-ON OPPORTUNITIES IN THEIR FIELD THROUGH THE MIAD INNOVATION CENTER AND SPONSORED CURRICULUM PROJECTS. MIAD SUPPORTS OUR DIVERSE STUDENT BODY WITH THE RESOURCES THEY NEED TO THRIVE. MIAD'S DESIGN AND ILLUSTRATION MAJORS RANK AMONG THE TOP PROGRAMS NATIONALLY AND REGIONALLY. MIAD HAS BEEN NAMED A TOP DESIGN SCHOOL BY GRAPHIC DESIGN USA FOR SIX CONSECUTIVE YEARS. THE ANIMATION CAREER REVIEW NAMED MIAD THE #1 GRAPHIC DESIGN SCHOOL IN WISCONSIN IN 2021 AND THE #1 ILLUSTRATION SCHOOL IN WISCONSIN IN 2022. IN 2022, MIAD LAUNCHED AN ANIMATION TRACK IN PARTNERSHIP WITH ITS ILLUSTRATION MAJOR TO FURTHER THE REACH OF GRADUATES IN THE INDUSTRY.IN ADDITION TO BACHELOR'S DEGREE PROGRAMS, MIAD BRINGS ROBUST CAREER PATHWAYS AND COLLEGE-READINESS EXPERIENCES AND INTERNSHIPS TO HIGH SCHOOL YOUTH AND OFFERS CULTURAL EXPERIENCES AND PROGRAMMING TO THE GREATER MILWAUKEE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Morin President | Officer | 40 | $232,195 |
Brenda Jones VP Finance | Officer | 40 | $141,531 |
Mark Fetherston VP Enrollment Management | 40 | $134,536 | |
Tracy Milkowski VP Development And Communication (through 1/31) | 40 | $118,044 | |
Dale Schidler VP Academic Affairs (through 08/15) | 40 | $103,597 | |
Sarah Zimmerman Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Catcon Inc General Contractor- Construction | 5/30/22 | $875,503 |
Community Counseling Service Co Llc Fundraising Consultant | 5/30/22 | $119,000 |
Allied Universal Security Personnel | 5/30/22 | $282,974 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $398,960 |
| Related organizations | $0 |
| Government grants | $4,259,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,574,095 |
| Noncash contributions included in lines 1a–1f | $39,275 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,232,104 |
| Total Program Service Revenue | $35,885,590 |
| Investment income | $169,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $270 |
| Net Income from Fundraising Events | -$119,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $46,602 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,333,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,803,792 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $931,504 |
| Compensation of current officers, directors, key employees. | $469,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,760,134 |
| Pension plan accruals and contributions | $343,439 |
| Other employee benefits | $933,454 |
| Payroll taxes | $759,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,277 |
| Fees for services: Accounting | $43,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,300 |
| Fees for services: Investment Management | $7,065 |
| Fees for services: Other | $619,334 |
| Advertising and promotion | $303,262 |
| Office expenses | $0 |
| Information technology | $717,294 |
| Royalties | $0 |
| Occupancy | $693,564 |
| Travel | $156,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $317,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,045,747 |
| Insurance | $0 |
| All other expenses | $526,774 |
| Total functional expenses | $39,228,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,850 |
| Savings and temporary cash investments | $8,631,020 |
| Pledges and grants receivable | $1,483,797 |
| Accounts receivable, net | $440,049 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,961 |
| Prepaid expenses and deferred charges | $377,411 |
| Net Land, buildings, and equipment | $14,573,081 |
| Investments—publicly traded securities | $2,370,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,917,955 |
| Accounts payable and accrued expenses | $1,104,893 |
| Grants payable | $0 |
| Deferred revenue | $966,549 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,461,684 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,533,126 |
| Net assets without donor restrictions | $13,403,008 |
| Net assets with donor restrictions | $5,981,821 |
| 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 | $27,917,955 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Milwaukee Institute Of Art And Design Inc has recieved totaling $5,600.
| Awarding Organization | Amount |
|---|---|
Gardner Foundation Milwaukee, WI PURPOSE: OPERATING EXPENSES | $4,500 |
Dudley And Constance Godfrey Foundation Inc Milwaukee, WI PURPOSE: EDUCATIONAL | $1,000 |
Clarence And Pearl Becker Charitable Foundation Milwaukee, WI PURPOSE: GENERAL | $100 |
Endowment Analysis
| Beg. Balance | $4,082,869 |
| Earnings | -$248,054 |
| Net Contributions | $65,039 |
| Other Expense | $209,840 |
| Ending Balance | $3,690,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia College Corporation Moorhead, MN | $403,850,675 | $127,833,637 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Albion College Albion, MI | $280,606,342 | $106,439,083 |
College Of St Scholastica Inc Duluth, MN | $228,173,776 | $117,585,202 |
Lawrence University Of Wisconsin Appleton, WI | $632,228,886 | $124,103,689 |
Lake Forest College Lake Forest, IL | $251,265,144 | $111,531,265 |
College Of St Benedict Business Off Saint Joseph, MN | $251,991,111 | $110,041,062 |
Kalamazoo College Kalamazoo, MI | $383,146,506 | $96,754,584 |
St Norbert College Inc De Pere, WI | $336,117,917 | $103,405,590 |
University Of Northwestern-St Paul St Paul, MN | $144,732,947 | $110,000,439 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |