Nonprofit · EIN 45-5276699
UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC
Tax-exempt · MILWAUKEE, WI 53217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,396,156 | $4,568,010 | -$3,171,854 | $110,419,014 | $0 | $110,419,014 |
| June 30, 2024 | 990 | $834,867 | $4,527,135 | -$3,692,268 | $101,917,984 | $0 | $101,917,984 |
| June 30, 2023 | 990 | $1,275,319 | $4,964,810 | -$3,689,491 | $93,053,217 | $275,457 | $92,777,760 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $544,406
- Program service revenue
- $0
- Investment income
- $851,750
- Net gain from sales of assets
- $843,752
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,145,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $4,479,599
- Management and general (functional)
- $88,411
Balance sheet and other
- Total assets, start of year
- $101,917,984
- Total assets, end of year
- $110,419,014
- Total liabilities, end of year
- $0
- Net assets, end of year
- $110,419,014
- Net assets without donor restrictions
- $37,843,086
- Net assets with donor restrictions
- $72,575,928
- Gross receipts
- $11,221,855
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2011
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN HANCOCK | HEAD OF SCHOOL Trustee or director, Officer | 1 | $0 | $424,082 | $80,391 |
| WESTON OUTLAW | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $195,111 | $69,517 |
| THOMAS FLORSHEIM JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| C FREDERICK GEILFUSS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEVE GUY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID LUBAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LINDA MELLOWES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICE READ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN REINKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FREDERICK P STRATTON JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KARIN WERNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH ZIMMERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN HANCOCK | HEAD OF SCHOOL Trustee or director, Officer | 1 | $0 | $408,312 | $90,914 |
| WESTON OUTLAW | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $108,440 | $53,340 |
| THOMAS FLORSHEIM JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| C FREDERICK GEILFUSS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID LUBAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LINDA MELLOWES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICE READ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN REINKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FREDERICK P STRATTON JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM WERNECKE JR | DIRECTOR (THRU FEB 2024) Trustee or director | 1 | $0 | $0 | $0 |
| SARAH ZIMMERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN HANCOCK | HEAD OF SCHOOL, EX OFFICIO Trustee or director, Officer | 1 | $0 | $393,433 | $28,268 |
| KELLY MCGUIRE | CHIEF FINANCIAL OFFICER (THRU 01/23) Officer | 1 | $0 | $164,663 | $17,446 |
| THOMAS FLORSHEIM JR | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| C FREDERICK GEILFUSS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| STEPHEN GUY | EX OFFICIO (THRU 06/23) Trustee or director | 1 | $0 | $0 | $0 |
| DAVID LUBAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LINDA MELLOWES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICE READ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN REINKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FREDERICK P STRATTON JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM WERNECKE JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH ZIMMERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WESTON OUTLAW | CHIEF FINANCIAL OFFICER (BEG. 06/23) Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2100 W FAIRY CHASM RD, MILWAUKEE, WI 53217-1510
- Principal officer (990 for 2024)
- THOMAS W FLORSHEIM JR, 2100 W FAIRY CHASM ROAD, MILWAUKEE, WI 53217
- Signed the 990
- THOMAS W FLORSHEIM JR, CHAIRMAN
- Phone
- (414) 352-6000
- Website
- WWW.USM.ORG
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
TO SUPPORT THE UNIVERSITY SCHOOL OF MILWAUKEE IN THE FULFILLMENT OF ITS EDUCATIONAL PURPOSES.
Program accomplishments
- THE UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUNDS, INC IS AN INVESTMENT VEHICLE TO PROVIDE ESSENTIAL SUPPORT OF THE UNIVERSITY SCHOOL OF MILWAUKEE. THESE INVESTMENTS, MANY OF WHICH HAVE BEEN ESTABLISHED AS NAMED FUNDS BY OUR DONORS, PROVIDE IMPORTANT FUNDING OF ACADEMIC AND CO-CURRICULAR PROGRAMS, FACULTY AND STAFF COMPENSATION, FINANCIAL AID, CURRICULUM DEVELOPMENT AND CAMPUS MAINTENANCE NOT COVERED BY TUITION AND OTHER REVENUES.Expenses $4,479,599 · grants $4,145,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5276699
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $110,419,014
- Income (IRS master file)
- $11,221,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,396,156 | $4,568,010 | $110,419,014 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $834,867 | $4,527,135 | $101,917,984 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,275,319 | $4,964,810 | $93,053,217 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $2,360,326 | $4,249,562 | $88,205,630 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5276699).
Questions about UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC
- What is the EIN of UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC?
- The employer identification number (EIN) of UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC is 45-5276699.
- Is UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC?
- The 990 for the year ended June 30, 2025 names THOMAS W FLORSHEIM JR.
- Who are the officers and directors of UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY SCHOOL OF MILWAUKEE ENDOWMENT FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,396,156, expenses of $4,568,010 and total assets of $110,419,014 at year end.
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