2023-11-07T08:47:15-06:00 2022-12-31 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR ROAD SUITE 302 MILWAUKEE WI 532263255 990 2022-01-01 391929112 MILWAUKEE PUBLIC SCHOOLS FOUNDATION INC MILW 4148745291 234 W GALENA ST MILWAUKEE WI 53212 JOHN KERSEY BOARD PRESIDENT 4144758013 2023-10-09 1 JOHN KERSEY 999009999 1 BRIAN MECHENICH P00976753 4142717800 2023-10-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN KERSEY 234 W GALENA ST MILWAUKEE WI 53212 1816040 0 X WWW.MPSFOUNDATION.NET X 1998 WI TO PROMOTE EDUCATIONAL EXCELLENCE AND STRENGHTEN COMMUNITY PARTICIPATION IN MPS. 14 14 0 40 0 0 1532230 1809687 0 0 3241 5454 15077 899 1550548 1816040 1664128 2330955 0 0 0 0 0 0 0 244043 360809 1908171 2691764 -357623 -875724 3703074 2811848 44441 28939 3658633 2782909 X TO PROMOTE EDUCATIONAL EXCELLENCE AND STRENGHTEN COMMUNITY PARTICIPATION IN THE MILWAUKEE PUBLIC SCHOOLS 0 0 490091 415061 CONNECT MILWAUKEE - TO PROVIDE TECHNICAL SUPPORT TO PARENTS, STUDENTS AND TEACHERS. 881700 881700 LEARNING JOURNEYS - TO CONNECT CLASSROOM INSTRUCTION FOR STUDENTS WITH REAL-WORLD LEARNING OPPORTUNITIES AT MUSEUMS, CULTURAL EXPERIENCES AND SCIENTIFIC VENUES. 336971 303350 LET US PLAY GREEN SCHOOLS GREEN SCHOOLYARDS OFFER A VARIETY OF ACTIVE PLAY OPTIONS THAT ENGAGE CHILDREN OF VARYING FITNESS LEVELS, AGES, AND GENDERS. 814305 730844 ALL OTHER PROGRAMMING. 814305 730844 2523067 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 WI X X TRACEY PARRISH 4148745291 234 WEST GALENA STREET MILWAUKEE WI 53212 KEITH POSLEY BOARD MEMBER 1.00 X 0 0 0 TINA CHANG BOARD MEMBER 1.00 X 0 0 0 PETER FEIGIN BOARD MEMBER 1.00 X 0 0 0 CHRISTINA FIASCA BOARD MEMBER 1.00 X 0 0 0 JAMES FRIEDMAN TREASURER 1.00 X X 0 0 0 JACQUELINE HERD-BARBER SECRETARY 1.00 X X 0 0 0 JOHN KERSEY BOARD CHAIR 1.00 X X 0 0 0 H CARL MUELLER BOARD MEMBER 1.00 X 0 0 0 MARK SABLJAK BOARD MEMBER 1.00 X 0 0 0 VINCENT LYLES BOARD MEMBER 1.00 X 0 0 0 ANTHONY SMITH BOARD MEMBER 1.00 X 0 0 0 FRED TABAK BOARD MEMBER 1.00 X 0 0 0 JOEL HAUBRICH BOARD MEMBER 1.00 X 0 0 0 M PAULA PHILIPS BOARD MEMBER 1.00 X 0 0 0 WENDELL WILLIS EXECUTIVE DIRECTOR 40.00 X 0 83867 42081 0 83867 42081 0 0 0 0 0 1809687 1809687 5454 5454 MISC. REVENUE-RELATED- 900099 899 899 899 1816040 899 0 5454 2330955 2330955 17237 17237 40950 40950 97615 31535 66080 299 299 9673 1332 8341 8385 8385 2080 1166 914 3216 3216 SPONSORSHIPS AND GENERA 160763 158000 2763 DUES AND SUBSCRIPTIONS 12690 12690 SERVICE FEES 5000 79 4921 BANK FEES 2268 2268 633 633 2691764 2523067 168697 0 1297100 1225949 2011067 1503461 362357 50728 7550 6710 25000 25000 3703074 2811848 44441 28939 44441 28939 X 301548 224998 3357085 2557911 3658633 2782909 3703074 2811848 -875724 0 X X 0 1 X 1 0 X 1127678 1691703 3080577 1532230 1809687 9241875 1127678 1691703 3080577 1532230 1809687 9241875 2226436 7015439 2669 33660 10429 3241 5454 55453 15077 899 15976 9313304 0.75330 0.77930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 X 2198771 382731 382731 1816040 0 1816040 3074495 382731 382731 2691764 0 2691764 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 GAAP. 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. 1 UNIVERSITY OF WISCONSIN - MILWAUKEE 3203 NORTH DOWNER AVE MILWAUKEE WI 53201 42775 0 SCHOLARSHIP AWARD UNIVERSITY OF WISCONSIN - MADISON 3400 S 43RD STREET MILWAUKEE WI 53234 10500 0 SCHOLARSHIP AWARD MILWAUKEE AREA TECHNICAL COLLEGE 700 WEST STATE STREET MILWAUKEE WI 53233 12000 0 SCHOLARSHIP AWARD MARQUETTE UNIVERSITY 1250 W WISCONSIN AVENUE MILWAUKEE WI 53233 10000 0 SCHOLARSHIP AWARD UNIVERSITY OF WISCONSIN - STEVENS POINT 101 STUDENT SERVICES BUILDING STEVENS POINT WI 54481 5500 0 SCHOLARSHIP AWARD 5 PART I, LINE 2: MPS FOUNDATION CUTS CHECKS DIRECTLY TO THE GOVERNMENTAL UNIT. 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. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR. MILWAUKEE PUBLIC SCHOOLS 5225 W VLIET STREET MILWAUKEE WI 53208 EDUCATION WI 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 MILWAUKEE PUBLIC SCHOOLS B 716521 FMV MILWAUKEE PUBLIC SCHOOLS O 355731 FMV MILWAUKEE PUBLIC SCHOOLS N 27000 FMV