Milwaukee School of Engineering
96% goes to programs $6 to raise $100 Strong reserves Growing revenue
Milwaukee School of Engineering is a 501(c)(3) organization based in Milwaukee, Wisconsin, registered in 1935, with $192,137,166 in FY2023 revenue. CharityIndex grades it A+, and it directs about 96% of spending to programs.
1025 N Broadway, Milwaukee, WI, 53202 EIN 39-0477970 Since 1935
Revenue (FY2023)
$192.1M
▲ 12.3% vs prior year
Education median: $200K
Expenses (FY2023)
$180.6M
Net assets
$382.4M
Employees
1,645
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating96% to programs · $6 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Milwaukee School of Engineering: 96% to programs · $6 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating25 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Milwaukee School of Engineering: 25 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Milwaukee School of Engineering: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Milwaukee School of Engineering: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Milwaukee school of engineering (the "university") is a nonprofit, nonsectarian (see schedule o) university providing a balanced education at the undergraduate and graduate level for men and women in the disciplines of engineering, business, mathematics, and nursing. milwaukee school of engineering is the university of choice for those seeking an inclusive community of experiential learners driven to solve the complex challenges of today and tomorrow.
Contact & location
- Address
- 1025 N Broadway, Milwaukee, WI, 53202
- City
- Milwaukee
- State
- Wisconsin
- Category
- Education
- Subcategory
- Graduate & Professional Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $130.8M (FY2013) to $192.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $36.1MNet assets $382.4M
Operating margin
6.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$418.5M
Total liabilities
$36.1M
Net assets
$382.4M
Salaries & benefits
$56.4M
31% of expenses
Board members
43
43 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $192,137,166▲12.3% | $180,602,780▲8.9% | $382,413,302▲5.9% | $418,508,541▲4.5% | 990 |
| 2022 | $171,107,571▲0.7% | $165,889,552▲3.3% | $360,993,996▲4.8% | $400,399,114▲3.9% | 990 |
| 2021 | $169,996,674▲9.2% | $160,565,929▲11.8% | $344,596,439▼5.9% | $385,282,772▼3.8% | 990 |
| 2020 | $155,662,333▼4.3% | $143,621,690▲2.5% | $366,175,805▲11.6% | $400,424,070▲10.8% | 990 |
| 2019 | $162,683,432▲8.6% | $140,101,792▲1.6% | $328,042,217▲5.2% | $361,504,239▲3.5% | 990 |
| 2018 | $149,796,983▼17.0% | $137,848,379▲4.6% | $311,975,040▲3.6% | $349,444,245▲3.7% | 990 |
| 2017 | $180,492,121▲35.3% | $131,772,480▲1.8% | $301,149,100▲18.6% | $337,112,221▲15.7% | 990 |
| 2016 | $133,385,139▼2.5% | $129,416,877▲2.0% | $254,025,429▲5.2% | $291,305,511▲3.5% | 990 |
| 2015 | $136,829,895▼2.9% | $126,839,040▲2.9% | $241,540,935▲1.3% | $281,580,135▼1.5% | 990 |
| 2014 | $140,965,115▲7.8% | $123,285,283▲8.6% | $238,402,655▲6.3% | $285,889,748▲6.7% | 990 |
| 2013 | $130,805,222 | $113,545,978▲10.1% | $224,371,599▲14.5% | $267,936,277▲10.3% | 990 |
| 2012 | — | $103,088,538▲4.2% | $195,876,132▲17.9% | $243,018,011▲13.1% | 990 |
| 2011 | — | $98,885,933▲0.3% | $166,102,208▲12.2% | $214,920,357▲21.2% | 990 |
| 2010 | — | $98,616,150▲58.5% | $148,094,336▲5.9% | $177,354,457▲3.4% | 990 |
| 2009 | — | $62,200,196 | $139,805,258 | $171,464,412 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: John Walz — $504,399 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John Walz | President | 50 | $504,399 |
| Paul Matson | Vp - Finance and Cfo | 50 | $252,869 |
| Eric Baumgartner | Evp - Academics | 50 | $248,540 |
| Jeffrey Snow | Vp - University Advancement | 50 | $244,612 |
| Stephen Williams | Vp - Campus Infrastructure | 50 | $202,754 |
| Timothy Valley | Vp - Student Services & Enrollment Mangement | 50 | $197,547 |
| Christopher Taylor | Department Chair, Vice Chairperson | 40 | $190,152 |
| Sebastian Thachenkary | Vp - Marketing & Community Engagement | 50 | $182,758 |
| Ronald Gerrits | Professor, Program Director | 40 | $177,885 |
| Deanna Leitzke | Department Chair, Associate Prof. | 40 | $174,950 |
| Russell Meier | Professor, Program Director | 40 | $166,703 |
| Ruth Barratt | Department Chair, Associate Prof. | 40 | $165,483 |
| Seandra Mitchell | Vp - Student Affairs & Inclusion | 50 | $138,018 |
| Daniel Bergen | Senior Advisor To President | 50 | $134,659 |
| Allen J Carlson | Board of Regents | 1 | — |
| Bernard A Cohen Phd | Board of Regents | 1 | — |
| Daniel J Moceri | Vice-chairman | 1 | — |
| Dawn Tabat | Board of Regents | 1 | — |
| Donald Schlidt | Board of Regents | 1 | — |
| Dudley J Godfrey III | Board of Regents | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| American Food and Vending Corporation | Food Service | $4,416,546 |
| Everspring | Technology and Consulting | $1,133,298 |
| Trace3 LLC | Technology and Consulting | $900,752 |
| Jp Cullen and Sons | Construction Contractor | $801,423 |
| Lee Mechanical Inc | Mechanical Contractor | $530,889 |
Grants received · $9.4M total
111 grants to Milwaukee School of Engineering totaling $9.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Similar organizations in Education
Education
Herzing University Ltd
Milwaukee, WI
$200.5M
Aannual revenue
Education
Wisconsin Alumni Research Foundation
Madison, WI
$189.3M
B+annual revenue
Education
Ascendium Education Solutions Inc
Madison, WI
$267.0M
Aannual revenue
Education
Lawrence University of Wisconsin
Appleton, WI
$154.4M
Aannual revenue
Education
Carroll University Inc
Waukesha, WI
$147.1M
Aannual revenue
Education
Carthage College
Kenosha, WI
$139.7M
Aannual revenue
Education
St Norbert College Inc
De Pere, WI
$111.6M
Aannual revenue
Ascendium Education Group Inc
Madison, WI
$94.9M
Aannual revenue
Education
Cooperative Educational Service Agency 6
Oshkosh, WI
$93.1M
Aannual revenue
Education
Beloit College
Beloit, WI
$82.4M
B+annual revenue
Compare Milwaukee School of Engineering
Frequently asked questions
- Is Milwaukee School of Engineering a legitimate nonprofit?
- Yes. Milwaukee School of Engineering is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 39-0477970, based in Milwaukee, Wisconsin. Donations are tax-deductible.
- What is Milwaukee School of Engineering's EIN?
- Milwaukee School of Engineering's Employer Identification Number (EIN) is 39-0477970.
- How much revenue does Milwaukee School of Engineering report?
- Milwaukee School of Engineering reported $192,137,166 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Milwaukee School of Engineering's spending goes to programs?
- Milwaukee School of Engineering spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Milwaukee School of Engineering have?
- CharityIndex grades Milwaukee School of Engineering A+, based on program efficiency and fundraising cost.
- How much does Milwaukee School of Engineering's highest-paid employee make?
- The highest reported compensation on Milwaukee School of Engineering's latest Form 990 is $504,399, paid to John Walz (President).
More nonprofits in Milwaukee
Explore more
Data for Milwaukee School of Engineering (EIN 39-0477970) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.