Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 26-0724304 • 501(c)3 • Milwaukee, WI
Profile
5 lakes institute is a curated network of entrepreneurs, research organizations, investors, and business and government leaders that drives and amplifies diverse and inclusive tech-enabled gdp growth in the midwest and great lakes region.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
77th percentile
Higher net margin than 77% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
78th percentile
Faster asset growth than 78% of similar nonprofits.
Revenue Growth
50th percentile
Faster revenue growth than 50% of similar nonprofits.
Assets
Up$149,872
Up $33,459 (+29%) from 2024
Liabilities
Down$0
Down $4,207 (-100%) from 2024
Net Assets
Up$149,872
Up $37,666 (+34%) from 2024
Revenue
Down$158,500
Down $252,000 (-61%) from 2024
Expenses
Down$120,834
Down $278,250 (-70%) from 2024
Net Income
Up$37,666
Up $26,250 (+230%) from 2024
Most recent year
2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The institute is a not-for-profit organization dedicated to working with like-minded partners to build and connect the great lakes region's high technology entrepreneurial economy and culture by advancing scientific research, education and economic development and technological innovation.
5 lakes institute is a curated network of entrepreneurs, research organizations, investors, and business and government leaders that drives and amplifies diverse and inclusive tech-enabled gdp growth in the midwest and great lakes region.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $116,413 | $149,872 | ▲ $33,459 |
| Total Assets | $116,413 | $149,872 | ▲ $33,459 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $4,207 | - | - |
| Total Liabilities | $4,207 | $0 | ▼ $4,207 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $112,179 | $149,845 | ▲ $37,666 |
| Net Assets With Donor Restrictions | $27 | $27 | → $0 |
| Total Net Assets Fund Balance | $112,206 | $149,872 | ▲ $37,666 |
| Total Liabilities and Net Assets / Fund Balance | $116,413 | $149,872 | ▲ $33,459 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Kathleen Gallagher | Executive Di | FT | $87,400 | $87,400 |
| Name | Title |
|---|---|
| John Byrnes | Chairman |
| Dan Broderick | Board Member |
| Gordon Nameni | Board Member |
| Kathy Hust | Board Member |
| Kyle Crum | Board Member |
| Randall Kirk | Board Member |
| Tim Honaker | Board Member |
| Mark Ehrmann | Secretary |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $96,981 |
| Other Expenses | $23,853 |
| Total Fundraising Expense | $18,125 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $61,180 | $13,110 | $13,110 | $87,400 |
| Fees for Services Accounting | $5,360 | $1,149 | $1,149 | $7,658 |
| Fees for Services Management | $4,900 | $1,050 | $1,050 | $7,000 |
| Payroll Taxes | $4,871 | $1,044 | $1,044 | $6,959 |
| Occupancy | $2,064 | $443 | $443 | $2,950 |
| Pension Plan Contributions | $1,836 | $393 | $393 | $2,622 |
| Insurance | $1,379 | $295 | $295 | $1,969 |
| Conferences and Meetings | $1,158 | $248 | $248 | $1,654 |
| Advertising | $807 | $173 | $173 | $1,153 |
| Office Expenses | $722 | $154 | $154 | $1,030 |
| Information Technology | $307 | $66 | $66 | $439 |
| Total Functional Expenses | $84,584 | $18,125 | $18,125 | $120,834 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“A draft is provided to the board for its review prior to filing.”
“The by-laws require that directors notify the board of any duality of interest or conflict whenever a matter is under consideration by the board.”
“The organization determined the leased executive director's compensation by reviewing compensation of management officials in comparable organizations.”
“Financial statements, governing documents and policies are available to the public on request.”
“5 lakes institute is a curated network of entrepreneurs, research organizations, investors, and business and government leaders that drives and amplifies diverse and inclusive tech-enabled gdp growth in the midwest and great lakes region.”
“-successfully organized in partnership with midwest research university network (mrun)six virtual programs that: facilitated nearly 600 one-on-one meetings between regional research organizations and investors. Attracted over 400 key people from companies, venture capital firms, universities,and government to learn from our programming. Educated our coalition members about innovation resources at 14 organizations from ten different areas of our region. Produced three newsletters to update/educate our coalition about regional innovation in the computing, food & ag tech and human health areas. Supported the executive directors columns for the milwaukee journal sentinel to educate about technology and innovation issues in the great lakes region. Supported season 4 of the executive directors midwest moxie program (available at wuwm and podcast platforms), which showcases successful founders in the region and provides educational opportunities for emerging entrepreneurs. Kicked off an initiative to grow our regions fusion energy ecosystem by educating and supporting stakeholders; added two 5 lakes fellows to support these efforts. Held a mixer/reception for 100+ scientists, fusion and supply chain companies, investors and others following the technology of fusion energy (tofe) meeting.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 5 LAKES INSTITUTE IS A CURATED NETWORK OF ENTREPRENEURS, RESEARCH ORGANIZATIONS, INVESTORS, AND BUSINESS AND GOVERNMENT LEADERS THAT DRIVES AND AMPLIFIES DIVERSE AND INCLUSIVE TECH-ENABLED GDP GROWTH IN THE MIDWEST AND GREAT LAKES REGION. |
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| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 173 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 807 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 1153 |
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| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4142698380 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 10434 W INNOVATION DR 104 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MILWAUKEE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | WI |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 149872 |
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| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 87400 |
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| IRS990/CompensationProcessOtherInd | 0 | false |
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| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 248 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 1158 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 1654 |
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| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 158500 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 23853 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 37666 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 96981 |
| IRS990/CYTotalExpensesAmt | 0 | 120834 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 18125 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 158500 |
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| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | -SUCCESSFULLY ORGANIZED IN PARTNERSHIP WITH MIDWEST RESEARCH UNIVERSITY NETWORK (MRUN)SIX VIRTUAL PROGRAMS THAT: FACILITATED NEARLY 600 ONE-ON-ONE MEETINGS BETWEEN REGIONAL RESEARCH ORGANIZATIONS AND INVESTORS. ATTRACTED OVER 400 KEY PEOPLE FROM COMPANIES, VENTURE CAPITAL FIRMS, UNIVERSITIES,AND GOVERNMENT TO LEARN FROM OUR PROGRAMMING. EDUCATED OUR COALITION MEMBERS ABOUT INNOVATION RESOURCES AT 14 ORGANIZATIONS FROM TEN DIFFERENT AREAS OF OUR REGION. PRODUCED THREE NEWSLETTERS TO UPDATE/EDUCATE OUR COALITION ABOUT REGIONAL INNOVATION IN THE COMPUTING, FOOD & AG TECH AND HUMAN HEALTH AREAS. SUPPORTED THE EXECUTIVE DIRECTORS COLUMNS FOR THE MILWAUKEE JOURNAL SENTINEL TO EDUCATE ABOUT TECHNOLOGY AND INNOVATION ISSUES IN THE GREAT LAKES REGION. SUPPORTED SEASON 4 OF THE EXECUTIVE DIRECTORS MIDWEST MOXIE PROGRAM (AVAILABLE AT WUWM AND PODCAST PLATFORMS), WHICH SHOWCASES SUCCESSFUL FOUNDERS IN THE REGION AND PROVIDES EDUCATIONAL OPPORTUNITIES FOR EMERGING ENTREPRENEURS. KICKED OFF AN INITIATIVE TO GROW OUR REGIONS FUSION ENERGY ECOSYSTEM BY EDUCATING AND SUPPORTING STAKEHOLDERS; ADDED TWO 5 LAKES FELLOWS TO SUPPORT THESE EFFORTS. HELD A MIXER/RECEPTION FOR 100+ SCIENTISTS, FUSION AND SUPPLY CHAIN COMPANIES, INVESTORS AND OTHERS FOLLOWING THE TECHNOLOGY OF FUSION ENERGY (TOFE) MEETING. |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 27 |
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| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
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| IRS990/ExpenseAmt | 0 | 84584 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
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| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 307 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 439 |
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| IRS990/MissionDesc | 0 | 5 LAKES INSTITUTE IS A CURATED NETWORK OF ENTREPRENEURS, RESEARCH ORGANIZATIONS, INVESTORS, AND BUSINESS AND GOVERNMENT LEADERS THAT DRIVES AND AMPLIFIES DIVERSE AND INCLUSIVE TECH-ENABLED GDP GROWTH IN THE MIDWEST AND GREAT LAKES REGION. |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 162000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 176000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 469246 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1376246 |
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| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.81260 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1376246 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 162000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 176000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 469246 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1376246 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1376246 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 5 LAKES INSTITUTE IS A CURATED NETWORK OF ENTREPRENEURS, RESEARCH ORGANIZATIONS, INVESTORS, AND BUSINESS AND GOVERNMENT LEADERS THAT DRIVES AND AMPLIFIES DIVERSE AND INCLUSIVE TECH-ENABLED GDP GROWTH IN THE MIDWEST AND GREAT LAKES REGION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | -SUCCESSFULLY ORGANIZED IN PARTNERSHIP WITH MIDWEST RESEARCH UNIVERSITY NETWORK (MRUN)SIX VIRTUAL PROGRAMS THAT: FACILITATED NEARLY 600 ONE-ON-ONE MEETINGS BETWEEN REGIONAL RESEARCH ORGANIZATIONS AND INVESTORS. ATTRACTED OVER 400 KEY PEOPLE FROM COMPANIES, VENTURE CAPITAL FIRMS, UNIVERSITIES,AND GOVERNMENT TO LEARN FROM OUR PROGRAMMING. EDUCATED OUR COALITION MEMBERS ABOUT INNOVATION RESOURCES AT 14 ORGANIZATIONS FROM TEN DIFFERENT AREAS OF OUR REGION. PRODUCED THREE NEWSLETTERS TO UPDATE/EDUCATE OUR COALITION ABOUT REGIONAL INNOVATION IN THE COMPUTING, FOOD & AG TECH AND HUMAN HEALTH AREAS. SUPPORTED THE EXECUTIVE DIRECTORS COLUMNS FOR THE MILWAUKEE JOURNAL SENTINEL TO EDUCATE ABOUT TECHNOLOGY AND INNOVATION ISSUES IN THE GREAT LAKES REGION. SUPPORTED SEASON 4 OF THE EXECUTIVE DIRECTORS MIDWEST MOXIE PROGRAM (AVAILABLE AT WUWM AND PODCAST PLATFORMS), WHICH SHOWCASES SUCCESSFUL FOUNDERS IN THE REGION AND PROVIDES EDUCATIONAL OPPORTUNITIES FOR EMERGING ENTREPRENEURS. KICKED OFF AN INITIATIVE TO GROW OUR REGIONS FUSION ENERGY ECOSYSTEM BY EDUCATING AND SUPPORTING STAKEHOLDERS; ADDED TWO 5 LAKES FELLOWS TO SUPPORT THESE EFFORTS. HELD A MIXER/RECEPTION FOR 100+ SCIENTISTS, FUSION AND SUPPLY CHAIN COMPANIES, INVESTORS AND OTHERS FOLLOWING THE TECHNOLOGY OF FUSION ENERGY (TOFE) MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A DRAFT IS PROVIDED TO THE BOARD FOR ITS REVIEW PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE BY-LAWS REQUIRE THAT DIRECTORS NOTIFY THE BOARD OF ANY DUALITY OF INTEREST OR CONFLICT WHENEVER A MATTER IS UNDER CONSIDERATION BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION DETERMINED THE LEASED EXECUTIVE DIRECTOR'S COMPENSATION BY REVIEWING COMPENSATION OF MANAGEMENT OFFICIALS IN COMPARABLE ORGANIZATIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE TO THE PUBLIC ON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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