2024-04-23T09:37:36-05:00 2023-06-30 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-07-01 273167963 ICS SUPPORT ORGANIZATION INC ICSS 4145256100 10405 W SAINT MARTINS ROAD FRANKLIN WI 53132 JOSEPH S QUINN TREASURER 4145256100 2024-04-04 1 JOSEPH QUINN XXX-XX-XXXX 0 TROY MARINE CPA P00187863 4147775500 2024-04-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JANE STROMWALL 10405 W SAINT MARTINS ROAD FRANKLIN WI 53132 241695714 0 X N/A X 2010 WI TO PROVIDE SUPPORT TO THE INDIAN COMMUNITY SCHOOL, INC. 5 5 0 0 -201892 0 0 0 0 0 53299269 58293460 0 0 53299269 58293460 20875000 24240000 0 0 162000 162000 0 0 0 2344981 3158970 23381981 27560970 29917288 30732490 668196889 670494696 354535 534663 667842354 669960033 ICS SUPPORT ORGANIZATION WAS CREATED TO SUPPORT AND BENEFIT THE INDIAN COMMUNITY SCHOOL, INC. (ICS). ICS SUPPORT ORGANIZATION HOLDS, INVESTS, AND MANAGES ASSETS THAT SERVE TO SUPPORT AND FUND THE CONTINUOUS OPERATION OF ICS. 0 0 24323875 24240000 ICS SUPPORT ORGANIZATION, INC.'S SOLE PROGRAM SERVICE ACTIVITY IS TO HOLD, INVEST, AND MANAGE ASSETS THAT SERVE TO SUPPORT AND FUND THE CONTINUOUS OPERATION OF THE INDIAN COMMUNITY SCHOOL, INC. (ICS).ALL FUNDS GRANTED TO ICS ARE USED TO FURTHER ICS' MISSION. ICS CULTIVATES AN ENDURING CULTURAL IDENTITY AND CRITICAL THINKING BY WEAVING INDIGENOUS TEACHINGS WITH A DISTINGUISHED LEARNING ENVIRONMENT. ICS PROVIDES ELEMENTARY AND MIDDLE SCHOOL CLASSES (K4-8TH) AND PROVIDES VARIOUS OTHER CULTURAL AND EDUCATIONAL ACTIVITIES TO AMERICAN INDIAN CHILDREN AND FAMILIES. IN 2022, ICS ENROLLMENT WAS APPROXIMATELY 365 STUDENTS, K4-8TH. 24323875 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 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 8 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 X BRIAN LEIBL 4145256172 10405 W SAINT MARTINS ROAD FRANKLIN WI 53132 JANE STROMWALL CHAIR 12.00 X X 36000 0 0 DAVID JW KLAUSER VICE CHAIR 8.00 X X 30000 0 0 JOSEPH S QUINN SECRETARY/TREASURER 12.00 X X 36000 0 0 BLAINE RIEKE BOARD MEMBER 3.00 X 30000 0 0 THOMAS BUESTRIN BOARD MEMBER 3.00 X 30000 0 0 DIANE AMOUR - NON-VOTING EX-OFFICIO BOARD MEMBER 1.00 30.00 X 0 54604 0 GAIL HANSON BOARD MEMBER (12/2022-PRESENT) 3.00 X 0 0 0 162000 54604 0 0 0 0 0 JP MORGAN ASSET MANAGEMENT 116 INVERNESS DRIVE EAST ENGLEWOOD CO 80112 INVESTMENT MANAGEMENT 994495 CLARION LION PROPERTIES FUND LP 230 PARK AVENUE NEW YORK NY 10069 INVESTMENT MANAGEMENT 354777 MARQUETTE ASSOCIATES INC 180 N LASALLE STREET SUITE 3500 CHICAGO IL 60601 INVESTMENT MANAGEMENT 201000 ROBERT W BAIRD & CO INC 777 EAST WI AVE MILWAUKEE WI 53202 INVESTMENT MANAGEMENT 198176 4 17421110 -201892 17623002 224274604 183402254 40872350 40872350 40872350 58293460 0 -201892 58495352 24240000 24240000 162000 40500 121500 8043 2011 6032 43467 10867 32600 2188047 2188047 10207 2552 7655 157 39 118 529 132 397 1404 351 1053 12191 3048 9143 UNRELATED BUS. INC. TAX 797425 797425 ADMINISTRATIVE FEE 97500 24375 73125 27560970 24323875 3237095 0 173392 145096 72091609 18805155 329779 454157 26948 26714 264329201 326707211 331245960 324356363 668196889 670494696 327401 508075 27134 26588 354535 534663 X 667842354 669960033 667842354 669960033 668196889 670494696 30732490 -28614811 0 X X 0 1 X 1 0 X X X 1 INDIAN COMMUNITY SCHOOL INC 391154960 2 1 24240000 0 1 24240000 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 964071 0 0 0 10837659 0 11801730 0 0 0 3018741 0 0 0 8782989 0 699568144 0 104790 0 329779 0 700002713 0 0 0 0 700002713 0 10500041 0 689502672 0 24132594 0 0 0 24132594 0 8782989 7465541 24132594 24132594 375512 23757082 24240000 0 1132923 0 0 0 25372923 24240000 23757082 100.000000000000 23757082 0 0 0 0 0 1276213 1276213 0 1276213 0 0 25372923 0 22480869 2892054 0 0 2892054 0 0 0 0 2892054 PART IV, SECTION D, LINE 3: INDIAN COMMUNITY SCHOOL, INC. (ICS) HAS THE RIGHT TO APPOINT BOTH A VOTING MEMBER AND A NON-VOTING, EX-OFFICIO MEMBER TO THE ICS SUPPORT ORGANIZATION, INC. BOARD OF DIRECTORS. THE NON-VOTING, EX-OFFICIO BOARD MEMBER, WHO SITS ON ICS'S BOARD OF DIRECTORS AS A VOTING MEMBER, HAS THE RESPONSIBILITY OF ENSURING THAT ICS SUPPORT ORGANIZATION, INC. IS APPRISED OF ICS' ACTIVITIES AND FINANCIAL NEEDS. ALL INVESTMENT POLICY DECISIONS AND SIGNIFICANT DECISIONS RELATING TO THE USE OF ICS SUPPORT ORGANIZATION, INC.'S INCOME AND ASSETS ARE MADE BY THE ICS SUPPORT ORGANIZATION, INC. BOARD AND ARE DOCUMENTED IN BOARD MINUTES. THE ICS-APPOINTED VOTING BOARD MEMBER AND THE ICS-APPOINTED, NON-VOTING, EX-OFFICIO BOARD MEMBER PARTICIPATE IN THE BOARD MEETINGS AND ADVISE ON THESE DECISIONS AND HOW THEY IMPACT ICS. FINALLY, ICS SUPPORT ORGANIZATION, INC. AND ICS CONDUCT A JOINT BOARD MEETING ONCE A YEAR. SCHEDULE A, PART V, SECTION D, LINE 8: ICS SUPPORT ORGANIZATION, INC. MET BOTH THE ATTENTIVENESS AND RESPONSIVENESS TEST FOR THE YEAR ENDING JUNE 30, 2023. ATTENTIVENESS TEST: IN 2022, INDIAN COMMUNITY SCHOOL, INC. RECEIVED IN EXCESS OF 90% OF ITS TOTAL SUPPORT FROM ICS SUPPORT ORGANIZATION, INC. RESPONSIVENESS TEST: ICS SUPPORT ORGANIZATION, INC. MET BOTH OF THE TESTS SET FORTH IN FORM 990, SCHEDULE A, PART IV, SECTION D, LINES 2 AND 3. 0 PRIVATE EQUITY FUNDS 169173105 F PRIVATE REAL ESTATE FUNDS 75058758 F OTHER PRIVATE EQUITY 46405865 F LOAN FUNDS 13308044 F OTHER LTD PSHIP INVESTMENTS 20410591 F 324356363 INTER-COMPANY PAYABLE 26588 26588 X 27490602 -28614811 -28614811 56105413 2188047 2188047 58293460 25372923 0 25372923 2188047 2188047 27560970 PART X, LINE 2: ICS SUPPORT ORGANIZATION, INC. FOLLOWS ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. ICS SUPPORT ORGANIZATION, INC. IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. ICS SUPPORT ORGANIZATION, INC. HAS PROCESSES IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS, AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDING JUNE 30, 2020, 2021, 2022 AND 2023 ARE STILL OPEN TO AUDIT FOR FEDERAL AND STATE PURPOSES. ICS SUPPORT ORGANIZATION, INC. HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PARTS XI & XII: ICS SUPPORT ORGANIZATION, INC.'S FINANCIAL STATEMENTS ARE CONSOLIDATED WITH THOSE OF INDIAN COMMUNITY SCHOOL, INC. THE PARTS XI AND XII RECONCILIATION ON SCHEDULE D AGREES TO ICS SUPPORT ORGANIZATION, INC.'S FINANCIAL INFORMATION CONTAINED IN THE SUPPLEMENTAL INFORMATION TO THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. EUROPE 0 0 INVESTMENTS 207382 CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENTS 13308044 0 0 0 0 0 0 13515426 0 13515426 1 0 1 1 1 0 PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART IV: ICS SUPPORT ORGANIZATION, INC. INVESTS IN DOMESTIC AND FOREIGN LIMITED PARTNERSHIPS THAT MAY OWN AN INTEREST IN A FOREIGN CORPORATION, PASSIVE FOREIGN INVESTMENT COMPANY, OR FOREIGN PARTNERSHIP. NEVERTHELESS, ICS SUPPORT ORGANIZATION, INC.'S INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR FILING THE FORMS 926, 5471, 8621, 8865. TO THE EXTENT THAT ICS SUPPORT ORGANIZATION, INC. IS REQUIRED TO COMPLETE ONE OF THESE FOREIGN FORMS, IT HAS BEEN FILED WITH THE ANNUAL FORM 990-T. 1 INDIAN COMMUNITY SCHOOL INC 10405 W SAINT MARTINS ROAD FRANKLIN WI 53132 391154960 501(C )(3) 24240000 0 FUND ALL OPERATIONS OF THE SCHOOL 1 0 PART I, LINE 2: ICS SUPPORT ORGANIZATION, INC. WORKS CLOSELY WITH THE INDIAN COMMUNITY SCHOOL, INC. (ICS) TO UNDERSTAND THE NEEDS OF ICS. ICS REGULARLY PROVIDES SCHOOL FINANCIAL INFORMATION TO ICS SUPPORT ORGANIZATION, INC. THE ICS SUPPORT ORGANIZATION, INC. BOARD PERIODICALLY IS PRESENTED WITH INFORMATIONAL UPDATES ON ICS'S OPERATIONS FROM ICS SUPPORT ORGANIZATION, INC.'S NON-VOTING, EX-OFFICIO DIRECTOR, WHO ALSO SERVES AS AN ICS DIRECTOR. ICS SUPPORT ORGANIZATION, INC. AND ICS CONDUCT JOINT BOARD MEETINGS AT LEAST ONCE A YEAR. ALSO, THE ICS SUPPORT ORGANIZATION, INC. BOARD IS ANNUALLY PROVIDED WITH A COPY OF ICS'S AUDIT REPORT. FORM 990, PART VI, SECTION A, LINE 7A INDIAN COMMUNITY SCHOOL, INC. SHALL APPOINT ONE VOTING AND ONE NON-VOTING (EX OFFICIO) MEMBER TO SERVE ON ICS SUPPORT ORGANIZATION, INC.'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ACTIONS OF THE BOARD, INCLUDING AMENDING THE ARTICLES OF INCORPORATION AND/OR BYLAWS, DISSOLVING OR MERGING ICS SUPPORT ORGANIZATION, INC. REQUIRE A TWO-THIRDS MAJORITY OF THE VOTING DIRECTORS, INCLUDING THE CONSENT OF THE VOTING BOARD DIRECTOR APPOINTED BY INDIAN COMMUNITY SCHOOL, INC. FORM 990, PART VI, SECTION B, LINE 11B ICS SUPPORT ORGANIZATION, INC.'S FORM 990 (INCLUDING REQUIRED SCHEDULES) IS PROVIDED TO EACH BOARD MEMBER IN DRAFT FORM AT A BOARD MEETING, WITH A FINAL VERSION DISTRIBUTED TO EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ICS SUPPORT ORGANIZATION, INC.'S CONFLICT OF INTEREST POLICY REQUIRES EACH INDIVIDUAL TO REVIEW THE POLICY AND COMPLETE A DISCLOSURE STATEMENT ON AN ANNUAL BASIS. IN ADDITION, EACH INDIVIDUAL IS REQUIRED THROUGHOUT THE YEAR TO MAKE DISCLOSURES BEFORE THE BOARD CONSIDERS A MATTER IN WHICH THE INDIVIDUAL MAY HAVE CONFLICT OF INTEREST. FOLLOWING AN INDIVIDUAL'S DISCLOSURE OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF SO, SHALL DETERMINE THE PROPER COURSE OF ACTION WHICH GENERALLY SHALL INCLUDE ABSTENTION FROM ANY FUTURE VOTE ON THE MATTER BY THE INDIVIDUAL WITH THE CONFLICT. ADDITIONALLY, THE INDIVIDUAL WILL PROVIDE ANY INFORMATION REQUESTED BY THE BOARD OF DIRECTORS WITH RESPECT TO THE CONFLICT OF INTEREST, MAY BE ASKED TO LEAVE THE ROOM DURING ANY FUTURE DISCUSSIONS AND VOTES OF THE MATTER AND GENERALLY SHALL ABSTAIN FROM ANY VOTE. DISCOVERY OF POTENTIAL AND ACTUAL CONFLICTS AFTER A TRANSACTION HAS OCCURRED WILL BE REPORTED TO THE BOARD OF DIRECTORS TO DETERMINE THE PROPER MANNER IN WHICH TO ADDRESS ANY POTENTIAL OR ACTUAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 ICS SUPPORT ORGANIZATION, INC. BOARD OF DIRECTORS, THROUGH AN INDEPENDENT CONSULTANT, CONDUCTED AN ANALYSIS OF MARKET DATA TO DETERMINE BOARD OF DIRECTOR COMPENSATION. ICS SUPPORT ORGANIZATION, INC. ENGAGED A QUALIFIED COMPENSATION CONSULTANT TO ANALYZE MARKET COMPENSATION DATA FOR SIMILAR ORGANIZATIONS AND PROVIDE A REPORT ON THE REASONABLENESS OF ICS SUPPORT ORGANIZATION, INC. COMPENSATION OF BOARD MEMBERS. THE RESULTING REPORT WAS REVIEWED BY OUTSIDE COUNSEL AND REVIEWED/APPROVED BY THE BOARD AT A DULY CALLED BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 ICS SUPPORT ORGANIZATION, INC. MAKES ITS FORM 990, 990-T, AND FORM 1023 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT ITS PLACE OF BUSINESS. THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALL AVAILABLE UPON REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART XII, LINE 2C: ICS SUPPORT ORGANIZATION, INC.'S FINANCIAL ACTIVITIES ARE REPORTED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF ITS SUPPORTED ORGANIZATION, INDIAN COMMUNITY SCHOOL, INC. (ICS). ICS HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. INDIAN COMMUNITY SCHOOL INC 10405 W SAINT MARTINS ROAD FRANKLIN WI 53132 391154960 EDUCATION WI 501(C)(3) 02 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0