Civic Intelligence

Brightstar Wisconsin Foundation Inc

EIN 90-1001588 • 501(c)3 • Milwaukee, WI

View Organization Page

Profile

Brightstar wisconsin foundation accepts charitable donations as a 501(c)(3) organization and uses them to take convertible debt and equity positions in for-profit early-stage companies that create jobs in wisconsin. Earnings and return of proceeds of investments will be reinvested in other for-profit early-stage companies that create jobs.

710 N Plankinton Ave 340Milwaukee, WI 53203

www.brightstarwi.org

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

17th percentile

0.01x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

30th percentile

-1.0%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

330%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets10th percentile

Assets

Down

$9,734,952

Down $93,492 (-1.0%) from 2023

Liabilities

Down

$3,569

Down $12,747 (-78%) from 2023

Net Assets

Down

$9,731,383

Down $80,745 (-0.8%) from 2023

Operations
Liabilities / Revenue17th percentileNet Margin10th percentile

Revenue

Up

$267,929

Up $205,656 (+330%) from 2023

Expenses

Down

$344,474

Down $92,374 (-21%) from 2023

Net Income

Up

-$76,545

Up $298,030 (+80%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth30th percentile

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

$15M$10M$5.0M$0Assets 2013: $5,889,238Liabilities 2013: $15,464Net Assets 2013: $5,873,7742013Assets 2014: $7,025,079Liabilities 2014: $16,635Net Assets 2014: $7,008,4442014Assets 2015: $7,950,556Liabilities 2015: $13,710Net Assets 2015: $7,936,8462015Assets 2016: $8,078,388Liabilities 2016: $11,985Net Assets 2016: $8,066,4032016Assets 2017: $7,851,289Liabilities 2017: $10,327Net Assets 2017: $7,840,9622017Assets 2018: $8,071,229Liabilities 2018: $10,387Net Assets 2018: $8,060,8422018Assets 2019: $8,065,728Liabilities 2019: $10,034Net Assets 2019: $8,055,6942019Assets 2020: $9,265,471Liabilities 2020: $7,875Net Assets 2020: $9,257,5962020Assets 2021: $10,555,163Liabilities 2021: $18,072Net Assets 2021: $10,537,0912021Assets 2022: $10,204,785Liabilities 2022: $18,082Net Assets 2022: $10,186,7032022Assets 2023: $9,828,444Liabilities 2023: $16,316Net Assets 2023: $9,812,1282023Assets 2024: $9,734,952Liabilities 2024: $3,569Net Assets 2024: $9,731,3832024

Highlighted filing

2024

Assets$9,734,952
Liabilities$3,569
Net Assets$9,731,383
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $6,060,782Expenses 2013: $187,185Net Income 2013: $5,873,5972013Revenue 2014: $1,660,190Expenses 2014: $512,702Net Income 2014: $1,147,4882014Revenue 2015: $1,350,235Expenses 2015: $419,714Net Income 2015: $930,5212015Revenue 2016: $890,495Expenses 2016: $369,339Net Income 2016: $521,1562016Revenue 2017: $367,647Expenses 2017: $595,587Net Income 2017: -$227,9402017Revenue 2018: $562,790Expenses 2018: $331,322Net Income 2018: $231,4682018Revenue 2019: $480,905Expenses 2019: $494,791Net Income 2019: -$13,8862019Revenue 2020: $1,360,032Expenses 2020: $159,703Net Income 2020: $1,200,3292020Revenue 2021: $1,965,225Expenses 2021: $668,348Net Income 2021: $1,296,8772021Revenue 2022: $94,906Expenses 2022: $382,015Net Income 2022: -$287,1092022Revenue 2023: $62,273Expenses 2023: $436,848Net Income 2023: -$374,5752023Revenue 2024: $267,929Expenses 2024: $344,474Net Income 2024: -$76,5452024

Highlighted filing

2024

Revenue$267,929
Expenses$344,474
Net Income-$76,545
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$9,734,952
Liabilities
$3,569
Net assets
$9,731,383
Revenue
$267,929
Expenses
$344,474
Net income
-$76,545
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.73$0.00$9.73$0.27$0.34$0.08
2023Detailed filing. Detailed filing data is available for this year.$9.83$0.02$9.81$0.06$0.44$0.37
2022Detailed filing. Detailed filing data is available for this year.$10.2$0.02$10.2$0.09$0.38$0.29
2021Detailed filing. Detailed filing data is available for this year.$10.6$0.02$10.5$1.97$0.67$1.30
2020Detailed filing. Detailed filing data is available for this year.$9.27$0.01$9.26$1.36$0.16$1.20
2019Detailed filing. Detailed filing data is available for this year.$8.07$0.01$8.06$0.48$0.49$0.01
2018Detailed filing. Detailed filing data is available for this year.$8.07$0.01$8.06$0.56$0.33$0.23
2017Detailed filing. Detailed filing data is available for this year.$7.85$0.01$7.84$0.37$0.60$0.23
2016Detailed filing. Detailed filing data is available for this year.$8.08$0.01$8.07$0.89$0.37$0.52
2015Detailed filing. Detailed filing data is available for this year.$7.95$0.01$7.94$1.35$0.42$0.93
2014Summary only. Only limited summary data is available for this year.$7.03$0.02$7.01$1.66$0.51$1.15
2013Summary only. Only limited summary data is available for this year.$5.89$0.02$5.87$6.06$0.19$5.87
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 11, 2025
Return Version
2024v5.2
Gross Receipts
$271,277
Mission and Program Overview

Mission

Brightstar Wisconsin Foundation accepts charitable donations as a 501(c)(3) organization and uses them to take equity positions in for-profit early-stage companies that create jobs in Wisconsin. Earnings and return of proceeds of investments will be reinvested in other for-profit early-stage companies that create jobs.

Brightstar wisconsin foundation accepts charitable donations as a 501(c)(3) organization and uses the donations to take convertible debt and equity positions in for-profit early-stage companies that create jobs in wisconsin. Earnings and return of proceeds of investments will be reinvested in other for-profit early-stage companies that create jobs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$9,427,113$8,670,865▼ $756,248
Investments in Publicly Traded Securities$101,917$693,096▲ $591,179
Savings and Temporary Cash Investments$145,097$338,187▲ $193,090
Pledges and Grants Receivable$138,642$19,540▼ $119,102
Prepaid Expenses and Deferred Charges$6,281$8,625▲ $2,344
Intangible Assets$7,537$3,239▼ $4,298
Land, Buildings, and Equipment, Net$1,857$1,400▼ $457
Total Assets$9,828,444$9,734,952▼ $93,492
Liabilities
Accounts Payable and Accrued Expenses$16,316$3,569▼ $12,747
Total Liabilities$16,316$3,569▼ $12,747
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,698,486$9,711,843▲ $13,357
Net Assets With Donor Restrictions$113,642$19,540▼ $94,102
Total Net Assets Fund Balance$9,812,128$9,731,383▼ $80,745
Total Liabilities and Net Assets / Fund Balance$9,828,444$9,734,952▼ $93,492

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,400$3,614$5,014
Investment Program Related Org$8,670,865--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd SobotkaExecutive DirectorFT$175,422$32,364$207,786
Fred RaaschVice PresidentPT$29,189-$29,189

Board Members and Trustees

NameTitle
Thomas ShannonExecutive Chairman
Jeff HarrisPresident
Adam BergerDirector
Andy ShragoDirector
Dan ShannonDirector
Joey FrayneDirector
Mark BurishDirector
Pam EvasonDirector
Anthony HandzlikSecretary
Daniel MatolaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,120,942
Program Service Revenue
$-977,503
Investment Income
$25,252
Other Revenue
$99,238
All Other Contributions
$1,025,942
Change in Net Assets
$-76,545

Audited Revenue Reconciliation

Revenue per Audited Statements
$265,978
Revenue Not Reported on Financial Statements
$1,951
Revenue Not Reported on Form 990
$-4,200
Total Revenue per Audited Statements
$261,778
Total Revenue per Form 990
$267,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$275,787
Other Expenses$68,687
Total Fundraising Expense$40,742
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$136,992$63,312$30,197$230,501
Other Salaries and Wages$3,573$21,904$1,953$27,430
Occupancy$9,608$5,891$2,150$17,649
Fees for Services Accounting-$16,595-$16,595
Payroll Taxes$8,941$5,481$2,000$16,422
Office Expenses$9,549$3,317$1,926$14,792
Travel$3,845$2,357$860$7,062
Insurance$3,648$2,236$816$6,700
Fees for Service Investment Mgmnt Fees-$1,951-$1,951
Other Employee Benefits$789$430$215$1,434
Depreciation Depletion$766$470$171$1,407
Advertising$256-$256$512
Other Expenses$886$272$198$272
Fees for Services Other$119--$119
Total Functional Expenses$178,972$124,760$40,742$344,474

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$344,474
Expenses per Audited Statements$342,523
Total Expenses per Audited Statements$342,523
Expenses Not Reported on Financial Statements$1,951
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Susan EngeleiterFamily Member of Two Board MembersDonation to the OrganizationNo$503,127
Michael ShannonFamily Member of Two Board MembersDonation to the OrganizationNo$500,903
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
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

“Line 2 explanation - six board members have joint outside investments. Daniel shannon is the brother of thomas shannon.”

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

“Line 11b explanation - the 990 is reviewed by the executive chairman and the executive director. The final 990 is sent to the board before it is filed.”

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

“Members are required to report annually to report any conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The executive chairman and president, with the assistance from legal counsel, used comparability data and contemporaneous substaniation to determine compensation. Compensation is formula driven and the process includes semi-annual evaluations.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Brightstar Wisconsin Foundation Inc
EIN
90-1001588
Phone
4142246000
Address
710 N PLANKINTON AVE 340, MILWAUKEE, WI 53203

Signing Officer

Name
Todd Sobotka
Title
Executive Director
Phone
4142246000
Signed
2025-09-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Sobotka
Formed
2013
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
8
Employees
3
Volunteers
16

Preparer

Firm
Ritz Holman Llp
Address
330 E KILBOURN AVE SUITE 222, MILWAUKEE, WI 53202
Preparer
Brian Falk
Phone
4142711451
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income tax under section 501(c)(3) of the internal revenue code and is classified as other than a private foundation. Management has reviewed all tax positions recognized in previously filed tax returns and those expected to be taken in future tax returns. As of december 31, 2024, the organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The organization does not anticipate any significant changes to unrecognized income tax benefits over the next year. The organization is currently not under audit by any federal or state taxing authority.”

Raw XML AppendixShowing 400 of 526 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
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IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0271277
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0816
IRS990/InsuranceGrp/ManagementAndGeneralAmt02236
IRS990/InsuranceGrp/ProgramServicesAmt03648
IRS990/InsuranceGrp/TotalAmt06700
IRS990/IntangibleAssetsGrp/BOYAmt07537
IRS990/IntangibleAssetsGrp/EOYAmt03239
IRS990/InvestmentIncomeGrp/ExclusionAmt028600
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt028600
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt09427113
IRS990/InvestmentsProgramRelatedGrp/EOYAmt08670865
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0101917
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0693096
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03614
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01857
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01400
IRS990/LandBldgEquipCostOrOtherBssAmt05014
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt03348
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BRIGHTSTAR WISCONSIN FOUNDATION ACCEPTS CHARITABLE DONATIONS AS A 501(C)(3) ORGANIZATION AND USES THEM TO TAKE CONVERTIBLE DEBT AND EQUITY POSITIONS IN FOR-PROFIT EARLY-STAGE COMPANIES THAT CREATE JOBS IN WISCONSIN. EARNINGS AND RETURN OF PROCEEDS OF INVESTMENTS WILL BE REINVESTED IN OTHER FOR-PROFIT EARLY-STAGE COMPANIES THAT CREATE JOBS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09812128
IRS990/NetAssetsOrFundBalancesEOYAmt09731383
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-3348
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3348
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-4200
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09698486
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09711843
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02150
IRS990/OccupancyGrp/ManagementAndGeneralAmt05891
IRS990/OccupancyGrp/ProgramServicesAmt09608
IRS990/OccupancyGrp/TotalAmt017649
IRS990/OfficeExpensesGrp/FundraisingAmt01926
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03317
IRS990/OfficeExpensesGrp/ProgramServicesAmt09549
IRS990/OfficeExpensesGrp/TotalAmt014792
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0215
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0430
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0789
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01434
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0198
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0544
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1272
IRS990/OtherExpensesGrp/ProgramServicesAmt0886
IRS990/OtherExpensesGrp/TotalAmt01628
IRS990/OtherExpensesGrp/TotalAmt1272
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0QNBV TAX CREDIT REVENU
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt099238
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt099238
IRS990/OtherRevenueTotalAmt099238
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01953
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021904
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03573
IRS990/OtherSalariesAndWagesGrp/TotalAmt027430
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02000
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05481
IRS990/PayrollTaxesGrp/ProgramServicesAmt08941
IRS990/PayrollTaxesGrp/TotalAmt016422
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0138642
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt019540
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06281
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08625
IRS990/PrincipalOfficerNm0TODD SOBOTKA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM INVESTMENT REV
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0-977503
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0-977503
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0431644
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017184
IRS990/PYOtherExpensesAmt076703
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0-386555
IRS990/PYRevenuesLessExpensesAmt0-374575
IRS990/PYSalariesCompEmpBnftPaidAmt0360145
IRS990/PYTotalExpensesAmt0436848
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt062273
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-76545
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0-881613
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0145097
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0338187
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0WISCONSIN ECONOMIC DEVELOPMENT CORPORATION IS STATUTORILY REQUIRED TO DEVELOP AND IMPLEMENT ECONOMIC PROGRAMS THAT PROVIDE SUPPORT, EXPERTISE, AND FINANCIAL ASSISTANCE TO FIRMS THAT ARE INVESTING AND CREATING JOBS IN WISCONSIN, AS WELL AS PROGRAMS THAT SUPPORT NEW BUSINESS START-UPS AND BUSINESS EXPANSION AND GROWTH IN THE STATE. THIS IS A DIRECT RELATION TO THE GOALS OF BRIGHTSTAR WISCONSIN FOUNDATION TO TAKE EQUITY POSITIONS IN FOR-PROFIT EARLY-STAGE COMPANIES THAT CREATE JOBS IN WISCONSIN. EARNINGS AND RETURN OF PROCEEDS OF INVESTMENTS WILL BE REINVESTED IN OTHER FOR-PROFIT EARLY-STAGE COMPANIES THAT CREATE JOBS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0451832104
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WISCONSIN ECONOMIC DEVELOPMENT CORP
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01400
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03614
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05014
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01951
IRS990ScheduleD/ExpensesSubtotalAmt0342523
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt01951
IRS990ScheduleD/InvestmentExpensesNotIncldAmt01951
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt08670865
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PROGRAM RELATED INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4200
IRS990ScheduleD/RevenueNotReportedAmt0-4200
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01951
IRS990ScheduleD/RevenueSubtotalAmt0265978
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2024, THE ORGANIZATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. THE ORGANIZATION IS CURRENTLY NOT UNDER AUDIT BY ANY FEDERAL OR STATE TAXING AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01400
IRS990ScheduleD/TotalBookValueProgramRltdAmt08670865
IRS990ScheduleD/TotalExpensesPerForm990Amt0344474
IRS990ScheduleD/TotalRevenuePerForm990Amt0267929
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0261778
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0342523
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175422
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt032364
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00

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