Civic Intelligence

Innovation Center Stoughton Inc

EIN 87-2329092 • 501(c)3 • Stoughton, WI

Profile

Fostering innovation & creative learning

421 E Main StStoughton, WI 53589

www.innovationcenterstoughton.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

6th percentile

-240%

Higher net margin than 6% of similar nonprofits.

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

Top Officer Pay

98th percentile

$60,597

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 110.3% of source-year revenue.

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

Asset Growth

21st percentile

-40%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

23rd percentile

-35%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$136,161

Down $131,824 (-49%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$136,161

Down $131,824 (-49%) from 2023

Revenue

Up

$54,939

Up $44,472 (+425%) from 2023

Expenses

Up

$186,763

Up $63,453 (+51%) from 2023

Net Income

Down

-$131,824

Down $18,981 (-17%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2022: $380,828Liabilities 2022: $770Net Assets 2022: $380,0582022Assets 2023: $267,985Liabilities 2023: $0Net Assets 2023: $267,9852023Assets 2024: $136,161Liabilities 2024: $0Net Assets 2024: $136,1612024

Highlighted filing

2024

Assets$136,161
Liabilities$0
Net Assets$136,161

Operations Trend

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

$200K$100K$0-$100K-$200KRevenue 2022: $129,283Expenses 2022: $1,777Net Income 2022: $127,5062022Revenue 2023: $10,467Expenses 2023: $123,310Net Income 2023: -$112,8432023Revenue 2024: $54,939Expenses 2024: $186,763Net Income 2024: -$131,8242024

Highlighted filing

2024

Revenue$54,939
Expenses$186,763
Net Income-$131,824

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 2, 2025
Return Version
2024v5.2
Gross Receipts
$54,939
Mission and Program Overview

Mission

Innovation Center Stoughton exposes people to what's possible through community outreach, technical awareness, and business incubation and resources.

Fostering innovation & creative learning

Program Services

DescriptionGrantsExpenses
Hosted the Stoughton Childrens Business Fair. Event promoted 50 local youth businesses and helped young entrepreneurs build sales & technical skills.$2,000$10,650
Hosted 7 workshops & several learning event/tours with over 177 attendees. Topics include CAD, 3D printing, laser-engraving, creativity, innovation/entrepreneurship.-$6,820
Funded, planned, and executed food composting initiatives by forming a committee to oversee waste management at two large events in the city of Stoughton.-$1,217
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katrina BeckerExecutive DirectorFT$60,597-$60,597
Mike ConnorBoard President-$0--
Cary BremiganVice President-$0--
Tim SwadleyTreasurer-$0--
Tim RuschSecretary-$0--
Sarah EbertDirector-$0--
Dan KeyserDirector-$0--
Filing and Contact Details

Filer

Filer Name
Innovation Center Stoughton Inc
EIN
87-2329092
In Care Of
% MIKE CONNOR
Phone
6082184292
Address
421 E MAIN ST, Stoughton, WI 53589

Signing Officer

Name
Mike Connor
Title
President
Phone
6082184292
Signed
2025-09-02
Discuss with paid preparer
Yes

Preparer

Firm
Leikness CPA LLC
Address
126 N GJERTSON ST, Stoughton, WI 53589
Preparer
Jerry Leikness
Phone
6082194426
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

Description AmountChildrens Business Fair 1,700Insurance 747Memberships & Subscriptions 810Office Expenses 20Bad Debt 80Small Tools & Equipment 8,962Software & Apps 1,226Bank Fees 86Telephone 92Office Supplies 28,934Travel 276Annual Registration 25Meals 372Workshop Expense 3,262Advertising & Marketing 430Event Meals 590Website 238Repairs & Maintenance 1,765Computer Software/Hardware 21,652Licenses & Permits 276

Description of other assets Part II line 24

Category Beginning of Year End of YearAccounts Receivable 80 200Prepaid Expenses 0 2,700Equipment 0 11,900

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