Civic Intelligence

Wisconsin Technology Innovation Initiative Inc

EIN 45-5205182 • 501(c)3 • Middleton, WI

Profile

Education and technology development

PO Box 620642Middleton, WI 53562

www.wisconsininnovationinitiative.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2019

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

36th percentile

-1.7%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$640,559

Down $10,983 (-1.7%) from 2018

Liabilities

Down

$577

Down $2,448 (-81%) from 2018

Net Assets

Down

$639,982

Down $8,535 (-1.3%) from 2018

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $50,000 (-100%) from 2018

Expenses

Down

$8,535

Down $245,493 (-97%) from 2018

Net Income

Up

-$8,535

Up $195,493 (+96%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2013: $37,708Liabilities 2013: $02013Assets 2014: $74,376Liabilities 2014: $0Net Assets 2014: $74,3762014Assets 2015: $1,065,357Liabilities 2015: $0Net Assets 2015: $1,065,3572015Assets 2016: $1,028,851Liabilities 2016: $0Net Assets 2016: $1,028,8512016Assets 2017: $852,755Liabilities 2017: $210Net Assets 2017: $852,5452017Assets 2018: $651,542Liabilities 2018: $3,025Net Assets 2018: $648,5172018Assets 2019: $640,559Liabilities 2019: $577Net Assets 2019: $639,9822019

Highlighted filing

2019

Assets$640,559
Liabilities$577
Net Assets$639,982
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2013: $100,000Expenses 2013: $62,306Net Income 2013: $37,6942013Revenue 2014: $100,139Expenses 2014: $63,471Net Income 2014: $36,6682014Revenue 2015: $75,000Expenses 2015: $84,019Net Income 2015: -$9,0192015Revenue 2016: $0Expenses 2016: $36,506Net Income 2016: -$36,5062016Revenue 2017: $5Expenses 2017: $176,311Net Income 2017: -$176,3062017Revenue 2018: $50,000Expenses 2018: $254,028Net Income 2018: -$204,0282018Revenue 2019: $0Expenses 2019: $8,535Net Income 2019: -$8,5352019

Highlighted filing

2019

Revenue$0
Expenses$8,535
Net Income-$8,535
Open 2019 Filing

Filings

Most recent year

2019 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$640,559
Liabilities
$577
Net assets
$639,982
Revenue
$0
Expenses
$8,535
Net income
-$8,535
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.00$0.64$0.00$0.01$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.00$0.65$0.05$0.25$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.00$0.85$0.00$0.18$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.00$1.03$0.00$0.04$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.00$1.07$0.08$0.08$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.10$0.06$0.04
2013Summary only. Only limited summary data is available for this year.$0.04$0.00$0.10$0.06$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$0
Mission and Program Overview

Mission

Education and technology development

The wisconsin technology innovation initiative, inc. (wi2) is a private, 501(c)(3) corporation committed to cultivating and supporting innovation. Wi2 is closely aligned with the university of wisconsin-madison, a global leader in life science research and technology development. Wi2 provides a flexible and collaborative model for inventors and investors seeking to advance potentially life-saving technologies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$585,000$585,000→ $0
Cash and Non-Interest-Bearing Accounts$66,542$55,559▼ $10,983
Total Assets$651,542$640,559▼ $10,983
Liabilities
Accounts Payable and Accrued Expenses$3,025$577▼ $2,448
Total Liabilities$3,025$577▼ $2,448
Net Assets / Fund Balance
Unrestricted Net Assets$648,517$639,982▼ $8,535
Total Net Assets Fund Balance$648,517$639,982▼ $8,535
Total Liabilities and Net Assets / Fund Balance$651,542$640,559▼ $10,983

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$385,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Les TurskiChief Medical Officer
Richard L MossChief Scientific Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-8,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,535
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$6,603-$6,603
Conferences and Meetings$1,290--$1,290
Office Expenses-$354-$354
Travel$288--$288
Total Functional Expenses$1,578$6,957$0$8,535
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The prepared form 990 is reviewed by all officers of the governing body before the return is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“At the beginning of the fiscal year all directors and officers disclose information regarding their interests and those of their family members that could give rise to conflicts. The members of the governing body make determinations of whether a conflict exists and review actual conflicts. Any person with a conflict if prohibited from participating in the governing body's deliberations and decisions in the transaction.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Wisconsin Technology Innovation
EIN
45-5205182
Phone
6082196425
Address
PO BOX 620642, MIDDLETON, WI 53562
Doing Business As
Wi2

Signing Officer

Name
Richard L Moss
Title
Chief Scientific Officer
Phone
6082196425
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard L Moss
Formed
2012
Legal Domicile
Wi
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Yigit Uctum CPA
Phone
6082744020
Raw XML Appendix281 raw XML fields

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/ActivityOrMissionDesc0THE WISCONSIN TECHNOLOGY INNOVATION INITIATIVE, INC. (WI2) IS A PRIVATE, 501(C)(3) CORPORATION COMMITTED TO CULTIVATING AND SUPPORTING INNOVATION. WI2 IS CLOSELY ALIGNED WITH THE UNIVERSITY OF WISCONSIN-MADISON, A GLOBAL LEADER IN LIFE SCIENCE RESEARCH AND TECHNOLOGY DEVELOPMENT. WI2 PROVIDES A FLEXIBLE AND COLLABORATIVE MODEL FOR INVENTORS AND INVESTORS SEEKING TO ADVANCE POTENTIALLY LIFE-SAVING TECHNOLOGIES.
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IRS990/Desc0THE WISCONSIN INNOVATION INITIATIVE (WI2) SUPPORTS THE MISSION OF THE UNIVERSITY OF WISCONSIN-MADISON SCHOOL OF MEDICINE AND PUBLIC HEALTH (SMPH) BY DEVELOPING INNOVATIVE THERAPEUTICS TO IMPROVE HUMAN AND ANIMAL HEALTH BY ALLEVIATING THE EFFECTS OF DISEASE. IT ENHANCES THE ABILITY OF THE UNIVERSITY OF WISCONSIN TO EDUCATE STUDENTS IN THE PROCESS OF MEDICAL PRODUCT DEVELOPMENT, PROVIDES INCREASED OPPORTUNITIES FOR OUTREACH BY FACULTY AND STAFF OF SMPH TO USE THEIR SKILLS IN THE PRODUCT DEVELOPMENT PROCESS, AND SUPPORTS THE TRANSITION INTO THE MARKETPLACE OF USEFUL TECHNOLOGY DEVELOPED AT THE UNIVERSITY OF WISCONSIN AND OTHER RESEARCH INSTITUTIONS.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF MEDICAL OFFICER
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IRS990/MissionDesc0SUPPORT, PROMOTE, AND FACILITATE PARTNERSHIPS WITH AND PROVIDE FUNDING FOR INNOVATIVE EARLY-STAGE AND STARTUP COMPANIES TO LESSEN THE BURDENS OF GOVERNMENT BY PROMOTING ECONOMIC DEVELOPMENT AND CREATING SUSTAINING JOBS IN WISCONSIN.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PREPARED FORM 990 IS REVIEWED BY ALL OFFICERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE BEGINNING OF THE FISCAL YEAR ALL DIRECTORS AND OFFICERS DISCLOSE INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IF PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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