Civic Intelligence

Janesville Innovation Inc.

EIN 46-3516056 • 501(c)3 • Janesville, WI

Pub. 78 Eligible

Profile

The Corporation's activities are intended to provide an opportunity to smaller, locally owned entrepreneurial firms to be nurtured through their formative years. Recruiting and assisting these businesses, with high potential for growth, equates to increasing job opportunities for unemployed and underemployed Janesville area residents. The corporation's principal service area is the City of Janesville, which has met the Economic Distress Criteria as established by the United States Dept. of Commerce, Economic Development Association. Economic conditions in this area include higher unemployment rates than other sections of the country, low per capita income, an unusually high number of plant closings and a significant number of lost manufacturing jobs.

18 N Jackson Street PO Box 5005Janesville, WI 53547-5005

www.janesvilleinnovation.com

Siviq Scores

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

Liabilities / Assets

98th percentile

10.37x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.77x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

50th percentile

-1.3%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

5.1%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$10,892

Down $141 (-1.3%) from 2023

Liabilities

Down

$112,897

Down $18,058 (-14%) from 2023

Net Assets

Up

-$102,005

Up $17,917 (+15%) from 2023

Revenue

Up

$146,960

Up $7,115 (+5.1%) from 2023

Expenses

Up

$129,043

Up $8,084 (+6.7%) from 2023

Net Income

Down

$17,917

Down $969 (-5.1%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200K$100K$0-$100K-$200KAssets 2013: $49,818Liabilities 2013: $11,511Net Assets 2013: $38,3072013Assets 2014: $29,508Liabilities 2014: $10,346Net Assets 2014: $19,1622014Assets 2015: $5,129Liabilities 2015: $48,018Net Assets 2015: -$42,8892015Assets 2016: $11,585Liabilities 2016: $35,886Net Assets 2016: -$24,3012016Assets 2017: $41,533Liabilities 2017: $36,909Net Assets 2017: $4,6242017Assets 2018: $24,324Liabilities 2018: $23,534Net Assets 2018: $7902018Assets 2019: $51,395Liabilities 2019: $29,330Net Assets 2019: $22,0652019Assets 2020: $42,202Liabilities 2020: $59,226Net Assets 2020: -$17,0242020Assets 2021: $10,976Liabilities 2021: $107,177Net Assets 2021: -$96,2012021Assets 2022: $19,949Liabilities 2022: $137,993Net Assets 2022: -$118,0442022Assets 2023: $11,033Liabilities 2023: $130,955Net Assets 2023: -$119,9222023Assets 2024: $10,892Liabilities 2024: $112,897Net Assets 2024: -$102,0052024

Highlighted filing

2024

Assets$10,892
Liabilities$112,897
Net Assets-$102,005

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $148,123Expenses 2013: $109,816Net Income 2013: $38,3072013Revenue 2014: $106,083Expenses 2014: $125,228Net Income 2014: -$19,1452014Revenue 2015: $93,905Expenses 2015: $155,956Net Income 2015: -$62,0512015Revenue 2016: $124,391Expenses 2016: $105,803Net Income 2016: $18,5882016Revenue 2017: $214,379Expenses 2017: $187,873Net Income 2017: $26,5062017Revenue 2018: $149,827Expenses 2018: $153,661Net Income 2018: -$3,8342018Revenue 2019: $175,074Expenses 2019: $153,799Net Income 2019: $21,2752019Revenue 2020: $148,154Expenses 2020: $187,243Net Income 2020: -$39,0892020Revenue 2021: $92,289Expenses 2021: $171,466Net Income 2021: -$79,1772021Revenue 2022: $171,471Expenses 2022: $193,314Net Income 2022: -$21,8432022Revenue 2023: $139,845Expenses 2023: $120,959Net Income 2023: $18,8862023Revenue 2024: $146,960Expenses 2024: $129,043Net Income 2024: $17,9172024

Highlighted filing

2024

Revenue$146,960
Expenses$129,043
Net Income$17,917

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$146,960
Mission and Program Overview

Mission

The Corporation's activities are intended to provide an opportunity to smaller, locally owned entrepreneurial firms to be nurtured through their formative years. Recruiting and assisting these businesses, with high potential for growth, equates to increasing job opportunities for unemployed and underemployed Janesville area residents. The corporation's principal service area is the City of Janesville, which has met the Economic Distress Criteria as established by the United States Dept. of Commerce, Economic Development Association. Economic conditions in this area include higher unemployment rates than other sections of the country, low per capita income, an unusually high number of plant closings and a significant number of lost manufacturing jobs.

The corporation's activities are intended to provide an opportunity to smaller, locally owned entrepreneurial firms to be nurtured through their formative years. Recruiting and assisting these businesses, with high potential for growth, equates to increasing job opportunities for unemployed and underemployed janesville area residents. The corporation's principal service area is the city of janesville, which has met the economic distress criteria as established by the united states dept. Of commerce, economic development administration. Economic conditions in this area include higher unemployment rates than other sections of the country, low per capita income, an unusually high number of plant closings and a significant number of lost manufacturing jobs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$11,033$10,892▼ $141
Total Assets$11,033$10,892▼ $141
Liabilities
Other Liabilities$110,757$89,918▼ $20,839
Accounts Payable and Accrued Expenses$8,846$12,824▲ $3,978
Deferred Revenue$11,352$10,155▼ $1,197
Total Liabilities$130,955$112,897▼ $18,058
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-119,922$-102,005▲ $17,917
Total Net Assets Fund Balance$-119,922$-102,005▲ $17,917
Total Liabilities and Net Assets / Fund Balance$11,033$10,892▼ $141
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jimsi KubornBoard Secretary$138,487$138,487

Board Members and Trustees

NameTitle
James OttersteinBoard President
Mark GregoryBoard Vice-president
Bruce KepnerDirector
Dave MarshickDirector
Jon BallardDirector
Kevin LahnerDirector
Patricia ClausenDirector
Ron ChisholmDirector
Shar HermansonDirector
Shauna El-aminDirector
Steve WernerDirector
Tracy PiernerDirector
Larry SquireDirector (new May 2024)
Angela PakesDirector (through 02/2024)
Erin CurierDirector (through 11/2024)
Oakleigh RyanDirector (through 6/2024)
Kevin KaufmanDirector (through 9/2024)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$146,960
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$17,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$129,043
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 Other$81,423--$81,423
Occupancy$31,959--$31,959
Advertising$8,515--$8,515
Insurance-$3,435-$3,435
Fees for Services Accounting-$1,812-$1,812
Office Expenses-$1,408-$1,408
Other Expenses$15--$15
Total Functional Expenses$122,388$6,655$0$129,043
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Funds$89,918
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The organization does have an executive committee that is made up of the president, vice president, secretary/treasurer. The executive committee does have the authority to act on behalf of the board, but is subject to the approval from the board.

Form 990, Part VI, Section A, Line 3

The organization has contracted with the operations manager to provide management services for the organization, but all decisions are ultimatly approved by the board of directors.

Form 990, Part VI, Section A, Line 7A

The city of janesville has the sole right, power, and authority to appoint and remove board members.

Form 990, Part VI, Section A, Line 7B

The city of janesville has the sole right, power, and authority to appoint and remove board members.

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

Board president signs off on engagement letter for 990 preparation and the finance committee presents the tax return to the entire board prior to filing.

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

At annual meeting all directors are required to sign janesville innovation, inc. Conflict of interest policy and annual financial disclosure.

Form 990, Part VI, Section B, Line 15

The board reviews and approves by vote annual engagement letters for contracted services of the operations manager.

Form 990, Part VI, Section C, Line 18

The forms are retained by city of janesville and are available upon request.

Form 990, Part VI, Section C, Line 19

The forms are retained by city of janesville and are available upon request.

Filing and Contact Details

Filer

Filer Name
Janesville Innovation Inc
EIN
46-3516056
Phone
6087553059
Address
18 N JACKSON STREET PO BOX 5005, JANESVILLE, WI 53547-5005

Signing Officer

Name
Jimsi Kuborn
Title
Secretary/treasurer
Phone
6087553059
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Otterstein
Formed
2013
Legal Domicile
Wi
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
16

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
500 MIDLAND COURT SUITE 200, JANESVILLE, WI 53546
Preparer
Troy Marine
Phone
6087525835
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractual services: program service expenses 81,423. Total expenses 81,423.

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Raw XML AppendixShowing 400 of 474 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08846
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012824
IRS990/AccountsReceivableGrp/BOYAmt011033
IRS990/AccountsReceivableGrp/EOYAmt010892
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE CORPORATION'S ACTIVITIES ARE INTENDED TO PROVIDE AN OPPORTUNITY TO SMALLER, LOCALLY OWNED ENTREPRENEURIAL FIRMS TO BE NURTURED THROUGH THEIR FORMATIVE YEARS. RECRUITING AND ASSISTING THESE BUSINESSES, WITH HIGH POTENTIAL FOR GROWTH, EQUATES TO INCREASING JOB OPPORTUNITIES FOR UNEMPLOYED AND UNDEREMPLOYED JANESVILLE AREA RESIDENTS. THE CORPORATION'S PRINCIPAL SERVICE AREA IS THE CITY OF JANESVILLE, WHICH HAS MET THE ECONOMIC DISTRESS CRITERIA AS ESTABLISHED BY THE UNITED STATES DEPT. OF COMMERCE, ECONOMIC DEVELOPMENT ADMINISTRATION. ECONOMIC CONDITIONS IN THIS AREA INCLUDE HIGHER UNEMPLOYMENT RATES THAN OTHER SECTIONS OF THE COUNTRY, LOW PER CAPITA INCOME, AN UNUSUALLY HIGH NUMBER OF PLANT CLOSINGS AND A SIGNIFICANT NUMBER OF LOST MANUFACTURING JOBS.
IRS990/AdvertisingGrp/ProgramServicesAmt08515
IRS990/AdvertisingGrp/TotalAmt08515
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JIMSI KUBORN
IRS990/BooksInCareOfDetail/PhoneNum06087553059
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt018 N JACKSON STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0JANESVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0535482928
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0129043
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0146960
IRS990/CYRevenuesLessExpensesAmt017917
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0129043
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0146960
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt011352
IRS990/DeferredRevenueGrp/EOYAmt010155
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0ECONOMIC DEVELOPMENT
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0122388
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01812
IRS990/FeesForServicesAccountingGrp/TotalAmt01812
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt081423
IRS990/FeesForServicesOtherGrp/TotalAmt081423
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt217255
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt923260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES OTTERSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK GREGORY
IRS990/Form990PartVIISectionAGrp/PersonNm2JIMSI KUBORN
IRS990/Form990PartVIISectionAGrp/PersonNm3ANGELA PAKES
IRS990/Form990PartVIISectionAGrp/PersonNm4BRUCE KEPNER
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVE MARSHICK
IRS990/Form990PartVIISectionAGrp/PersonNm6ERIN CURIER
IRS990/Form990PartVIISectionAGrp/PersonNm7JON BALLARD
IRS990/Form990PartVIISectionAGrp/PersonNm8KEVIN KAUFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9KEVIN LAHNER
IRS990/Form990PartVIISectionAGrp/PersonNm10LARRY SQUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm11OAKLEIGH RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm12PATRICIA CLAUSEN
IRS990/Form990PartVIISectionAGrp/PersonNm13RON CHISHOLM
IRS990/Form990PartVIISectionAGrp/PersonNm14SHAR HERMANSON
IRS990/Form990PartVIISectionAGrp/PersonNm15SHAUNA EL-AMIN
IRS990/Form990PartVIISectionAGrp/PersonNm16STEVE WERNER
IRS990/Form990PartVIISectionAGrp/PersonNm17TRACY PIERNER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2121232
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9248305
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR (THROUGH 02/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR (THROUGH 11/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (THROUGH 9/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR (NEW MAY 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR (THROUGH 6/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0146960
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03435
IRS990/InsuranceGrp/TotalAmt03435
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION'S ACTIVITIES ARE INTENDED TO PROVIDE AN OPPORTUNITY TO SMALLER, LOCALLY OWNED ENTREPRENEURIAL FIRMS TO BE NURTURED THROUGH THEIR FORMATIVE YEARS. RECRUITING AND ASSISTING THESE BUSINESSES, WITH HIGH POTENTIAL FOR GROWTH, EQUATES TO INCREASING JOB OPPORTUNITIES FOR UNEMPLOYED AND UNDEREMPLOYED JANESVILLE AREA RESIDENTS. THE CORPORATION'S PRINCIPAL SERVICE AREA IS THE CITY OF JANESVILLE, WHICH HAS MET THE ECONOMIC DISTRESS CRITERIA AS ESTABLISHED BY THE UNITED STATES DEPT. OF COMMERCE, ECONOMIC DEVELOPMENT ASSOCIATION. ECONOMIC CONDITIONS IN THIS AREA INCLUDE HIGHER UNEMPLOYMENT RATES THAN OTHER SECTIONS OF THE COUNTRY, LOW PER CAPITA INCOME, AN UNUSUALLY HIGH NUMBER OF PLANT CLOSINGS AND A SIGNIFICANT NUMBER OF LOST MANUFACTURING JOBS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-119922
IRS990/NetAssetsOrFundBalancesEOYAmt0-102005
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-119922
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-102005
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt031959
IRS990/OccupancyGrp/TotalAmt031959
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01408
IRS990/OfficeExpensesGrp/TotalAmt01408
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0VEHICLE & EQUIPMENT
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0476
IRS990/OtherExpensesGrp/ProgramServicesAmt115
IRS990/OtherExpensesGrp/TotalAmt0476
IRS990/OtherExpensesGrp/TotalAmt115
IRS990/OtherLiabilitiesGrp/BOYAmt0110757
IRS990/OtherLiabilitiesGrp/EOYAmt089918
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES OTTERSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0PROPERTY RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0146960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0146960
IRS990/ProgSrvcAccomActy2Grp/Desc0ROCK COUNTY ENTREPRENEURIAL BUSINESS DEVELOPMENT PROGRAM - PROMOTE ENTREPRENEURIAL EDUCATION, MENTORSHIP AND TRAINING; AND BUSINESS DEVELOPMENT AND FINANCIAL SERVICES.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0120959
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0139840
IRS990/PYRevenuesLessExpensesAmt018886
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0120959
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0139845
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt017917
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0146960
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05650
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt048000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt053655
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0649064
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt053655
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05650
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt048000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt053655
IRS990ScheduleA/TotalSupportAmt053655
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt089918
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHER FUNDS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt089918
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0247990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt023260
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEVIN LAHNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0271565
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES HAVE AN EXECUTIVE COMMITTEE THAT IS MADE UP OF THE PRESIDENT, VICE PRESIDENT, SECRETARY/TREASURER. THE EXECUTIVE COMMITTEE DOES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD, BUT IS SUBJECT TO THE APPROVAL FROM THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS CONTRACTED WITH THE OPERATIONS MANAGER TO PROVIDE MANAGEMENT SERVICES FOR THE ORGANIZATION, BUT ALL DECISIONS ARE ULTIMATLY APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CITY OF JANESVILLE HAS THE SOLE RIGHT, POWER, AND AUTHORITY TO APPOINT AND REMOVE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CITY OF JANESVILLE HAS THE SOLE RIGHT, POWER, AND AUTHORITY TO APPOINT AND REMOVE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD PRESIDENT SIGNS OFF ON ENGAGEMENT LETTER FOR 990 PREPARATION AND THE FINANCE COMMITTEE PRESENTS THE TAX RETURN TO THE ENTIRE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AT ANNUAL MEETING ALL DIRECTORS ARE REQUIRED TO SIGN JANESVILLE INNOVATION, INC. CONFLICT OF INTEREST POLICY AND ANNUAL FINANCIAL DISCLOSURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD REVIEWS AND APPROVES BY VOTE ANNUAL ENGAGEMENT LETTERS FOR CONTRACTED SERVICES OF THE OPERATIONS MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FORMS ARE RETAINED BY CITY OF JANESVILLE AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE FORMS ARE RETAINED BY CITY OF JANESVILLE AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 81,423. TOTAL EXPENSES 81,423.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF JANESVILLE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0396005472
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GOVERNMENTENTAL UNIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt018 NORTH JACKSON STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JANESVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053547
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.