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Wisconsin · Nonprofit

THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION

THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION (Wisconsin) receives grants from 93 organizations whose IRS filings report $11,377,423 to it, the largest being STEPHENS FAMILY FOUNDATION INC ($1,013,164). 63 of them have funded it in more than one year.

Revenue FY2025
$53M
Funders on record
93
Grants received
$11M
Net assets
$57M
63/93 repeat funderspeak grant-dependency 5%
01What it does

What The University School of Milwaukee Corporation does

Mission

University school of milwaukee cultivates excellence in learning, leadership, and citizenship for prekindergarten through 12th grade students. Students are engaged, known, and valued within our passionate independent school community guided by our common trust. The basic philosophy of community behavior at university school of milwaukee is the common trust, which is expressed in the following pledge: "we, the members of the university school of milwaukee community, commit to and practice the common trust. We agree to relate to one another and the school with respect, trust, honesty, fairness, and kindness."

As stated on its FY2025 Form 990.

Program

  1. The university school of milwaukee corp is a nonprofit independent school providing prekindergarten through 12th grade education. The endowment, along with tuition and auxiliary program revenues and other gifts to the school, allow usm to position itself well for future program enhancements and growth.

    $37,698,662 spentof which $7,451,104 as grants$36,002,764 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $37,698,662.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($38M) Expenses 100 ($31M) Net assets 100 ($49M)2018 Revenue 96 ($37M) Expenses 107 ($33M) Net assets 109 ($53M)2019 Revenue 88 ($34M) Expenses 112 ($34M) Net assets 108 ($53M)2020 Revenue 88 ($34M) Expenses 111 ($34M) Net assets 107 ($53M)2021 Revenue 98 ($38M) Expenses 121 ($37M) Net assets 108 ($53M)2022 Revenue 95 ($36M) Expenses 126 ($39M) Net assets 104 ($51M)2023 Revenue 100 ($39M) Expenses 135 ($41M) Net assets 99 ($49M)2024 Revenue 108 ($41M) Expenses 136 ($42M) Net assets 98 ($48M)2025 Revenue 139 ($53M) Expenses 145 ($44M) Net assets 117 ($57M)
'17'18'19'20'21'22'23'24'25
Revenue (139)Expenses (145)Net assets (117)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $54M to $65M (+19%).

$54M
$60M
$58M
$57M
$60M
$57M
$54M
$54M
$65M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

31% of THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

$7.8M
’17
$4.2M
’18
−$506k
’19
−$238k
’20
$528k
’21
−$2.3M
’22
−$2.7M
’23
−$313k
’24
$9.1M
’25
2.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24'25
Listed343133343633333133
Joined·+5+4+3+7+5+9+9+5
No longer listed·822589113
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 38 funders to 39 funders, grant income fell $1.5M → $902k.

18 of 93 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 25% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $30M from one payer (the payer shares this organization's board, largest University School of Milwaukee Endowment Fund Inc). These are real filings, and they are not money THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION raised.

From the IRS filings of THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION’s funders (the co-funder graph). Top 30 of 93 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION has a broad base — no single funder exceeds 9% of grant income, and it takes 7 funders to reach half.

the vertical line marks half of all grant income — 7 funders to its left

32% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION.

9%
largest funder
26%
top three
~20
effective funders

Largest funder’s share by year: 2017 34% · 2018 21% · 2019 18% · 2020 18% · 2021 14% · 2022 14% · 2023 19% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

53% of THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION's funders are still giving 3 years after their first grant; 68% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

62% of THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION's grant income comes from Wisconsin funders.

NH
MN
IL
WI
MI
NY
SD
IN
CT
CA
MD
DE
NC
DC
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Wisconsin out of state home

Funder states come from each funder’s own filing. $2.8M arriving through sponsors registered in 12 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION runs a healthier operating margin than three-quarters of the 3,794 education nonprofits its size.

Operating margin17% · top quartile
Months of reserve2.8mo · below the median
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Organizations like THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Wisconsin

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

85% of spending goes to programs.

Program 85%Management 13%Fundraising 2%

Governance

26
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

WI

Part of a family of 2 related entities

  • Milwaukee Winter Club LLC · disregarded
  • University School of Milwaukee Endowment Fund Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION?
THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION (Wisconsin) receives grants from 93 organizations whose IRS filings report $11,377,423 to it, the largest being STEPHENS FAMILY FOUNDATION INC ($1,013,164). 63 of them have funded it in more than one year.
How many funders does THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION have?
IRS filings report 93 organizations giving $11,377,423 in grants to THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION, 63 of which have funded it in more than one year.
Who is the largest funder of THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION?
STEPHENS FAMILY FOUNDATION INC is the largest funder on record, with $1,013,164 in grants. The full list of funders is on this page.
How can an organization like THE UNIVERSITY SCHOOL OF MILWAUKEE CORPORATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds University School of Milwaukee →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 93 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing