Form 990 for tax year 2023
Filed by MC PREPARATORY SCHOOL OF WISCONSIN INC.
Totals
- Total revenue
- $36,866,665
- Total expenses
- $32,337,754
- Contributions and grants received
- $35,442,221
- Grants paid
- $14,000
- Program service revenue
- $219,001
- Investment income
- $899,620
- Other revenue
- $305,823
- Total assets, end of year
- $36,185,499
- Total liabilities, end of year
- $4,172,100
- Net assets or fund balances, end of year
- $32,013,399
- Program services expenses (Part IX)
- $29,475,187
- Management and general expenses
- $2,588,926
- Fundraising expenses
- $273,641
- Program service expenses (Part III)
- $29,475,187
Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$33,616,072
-
1f · All other contributions, gifts and grants
$1,826,149
-
2a · Program service revenue: PROGRAM FEES
total $219,001 · related or exempt $219,001
-
3 · Investment income
total $899,620 · excluded $899,620
-
6a · Gross rents
real property $198,331
-
6c · Rental income or loss
real property $198,331
-
6d · Net rental income or loss
total $198,331 · excluded $198,331
-
11a · Other revenue: OTHER INCOME
total $107,492 · related or exempt $107,492
-
11e · Other revenue, total
$107,492
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $14,000 · program services $14,000
-
5 · Compensation of officers, directors and key employees
total $185,378 · program services $168,694 · management and general $14,830 · fundraising $1,854
-
7 · Other salaries and wages
total $19,439,820 · program services $17,689,990 · management and general $1,646,056 · fundraising $103,774
-
8 · Pension plan contributions
total $317,099 · program services $288,515 · management and general $26,875 · fundraising $1,709
-
9 · Other employee benefits
total $3,687,207 · program services $3,354,825 · management and general $312,507 · fundraising $19,875
-
10 · Payroll taxes
total $1,380,226 · program services $1,255,806 · management and general $116,980 · fundraising $7,440
-
11b · Fees: legal
total $20,947 · program services $20,360 · management and general $587
-
11c · Fees: accounting
total $78,476 · program services $76,279 · management and general $2,197
-
11f · Fees: investment management
total $16,011 · program services $15,563 · management and general $448
-
11g · Fees: other
total $298,792 · program services $296,008 · management and general $2,784
-
13 · Office expenses
total $163,406 · program services $73,533 · management and general $73,533 · fundraising $16,340
-
14 · Information technology
total $133,167 · program services $133,167
-
16 · Occupancy
total $1,990,959 · program services $1,837,455 · management and general $143,559 · fundraising $9,945
-
19 · Conferences, conventions and meetings
total $472,156 · program services $450,861 · management and general $19,915 · fundraising $1,380
-
20 · Interest
total $107,445 · program services $96,359 · management and general $11,086
-
22 · Depreciation, depletion and amortization
total $917,742 · program services $832,135 · management and general $80,061 · fundraising $5,546
-
23 · Insurance
total $259,778 · program services $233,800 · management and general $25,978
-
24a · Other expenses: HOT LUNCH
total $986,486 · program services $986,486
-
24b · Other expenses: SCHOOL ACTIVITIES
total $892,453 · program services $819,820 · management and general $72,633
-
24c · Other expenses: EDUCATION MEDIA AND SUPPL
total $389,808 · program services $389,808
-
24d · Other expenses: LICENSES AND FEES
total $232,017 · program services $232,017
-
24e · All other expenses
total $354,381 · program services $209,706 · management and general $38,897 · fundraising $105,778
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $369,934 · end of year $757,709
-
2 · Savings and temporary cash investments
beginning of year $397,029 · end of year $4,050,184
-
3 · Pledges and grants receivable
beginning of year $4,803,809 · end of year $7,841,155
-
4 · Accounts receivable
beginning of year $218,049 · end of year $82,764
-
9 · Prepaid expenses and deferred charges
beginning of year $27,758 · end of year $192,605
-
10a · Land, buildings and equipment: cost or other basis
$29,332,291
-
10b · Land, buildings and equipment: accumulated depreciation
$8,218,378
-
10c · Land, buildings and equipment, net
beginning of year $21,275,171 · end of year $21,113,913
-
11 · Investments: publicly traded securities
beginning of year $3,605,301 · end of year $2,116,427
-
15 · Other assets
beginning of year $41,329 · end of year $30,742
-
17 · Accounts payable and accrued expenses
beginning of year $2,193,214 · end of year $2,083,647
-
23 · Secured mortgages and notes payable
beginning of year $500,000 · end of year $1,500,000
-
25 · Other liabilities
beginning of year $168,266 · end of year $588,453
-
27 · Net assets without donor restrictions
beginning of year $26,934,509 · end of year $31,145,832
-
28 · Net assets with donor restrictions
beginning of year $942,391 · end of year $867,567
Mission and programs · 2023
Mission
SEE SCHEDULE O
Activities or mission (Part I)
OUR MISSION IS TO PROVIDE KNOWLEDGE PLUS CHARACTER IN ORDER TO PAVE THE ROAD TO COLLEGE AND BEYOND. WE ABSOLUTELY BELIEVE THAT AN UNCOMPROMISING K THRU 8 EDUCATION IS THE DIFFERENCE BETWEEN DREAMS REALIZED AND DREAMS DENIED.
-
TO PROVIDE A QUALITY, MULTI-CULTURAL EDUCATION IN AN INTEGRATED SCHOOL ENVIRONMENT.
Expenses $29,475,187 · Grants $14,000 · Revenue $219,001
As filed on the 2023 return.
Listed in Part VII
-
Ron SadoffRON SADOFF
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Leslie DixonLESLIE DIXON
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Alan GoodmanALAN GOODMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Jim RoweJIM ROWE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Marvin BynumMARVIN BYNUM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lafayette CrumpLAFAYETTE CRUMP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tom Florsheim JrTOM FLORSHEIM JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tim GerendTIM GEREND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Corey HozeCOREY HOZE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Amy JunkerAMY JUNKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Benjamin KarekBENJAMIN KAREK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Craig KarmazinCRAIG KARMAZIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Micky SadoffMICKY SADOFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tim SheehyTIM SHEEHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Teddy WernerTEDDY WERNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Alfred KeithALFRED KEITH
CEO
- Total calculated
- $182,545
- From this org
- $165,591
- From related orgs
- $0
- Other
- $16,954
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,591
- Bonus
- not reported
- Other
- not reported
- Deferred
- $16,954
- Nontaxable benefits
- not reported
- Filer's total
- $182,545
-
Robert RauhROBERT RAUH
PRIOR CEO
- Total calculated
- $120,242
- From this org
- $110,990
- From related orgs
- $0
- Other
- $9,252
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $110,990
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,252
- Nontaxable benefits
- not reported
- Filer's total
- $120,242
-
Kanika BurksKANIKA BURKS
PRINCIPAL
- Total calculated
- $133,131
- From this org
- $124,459
- From related orgs
- $0
- Other
- $8,672
- Hours/week
- 40
-
Candice TerryCANDICE TERRY
CHIEF OF STA
- Total calculated
- $143,409
- From this org
- $134,715
- From related orgs
- $0
- Other
- $8,694
- Hours/week
- 40
-
Amber AulozziAMBER AULOZZI
CHIEF ACADEM
- Total calculated
- $132,776
- From this org
- $117,750
- From related orgs
- $0
- Other
- $15,026
- Hours/week
- 40
-
Anthony StatonANTHONY STATON
CULTURE DEAN
- Total calculated
- $125,848
- From this org
- $117,325
- From related orgs
- $0
- Other
- $8,523
- Hours/week
- 40
-
Clifton CrumpCLIFTON CRUMP
CHIEF OPERAT
- Total calculated
- $127,737
- From this org
- $112,782
- From related orgs
- $0
- Other
- $14,955
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501349349303635
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