Civic Intelligence

Brightstar Wisconsin Foundation Inc.

990 • Fiscal year 2017 • EIN 90-1001588

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 20, 2018

Organization Profilewww.brightstarwi.org

View Organization Page

710 N Plankinton AvenueMilwaukee, WI 53203

(414) 224-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.00x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

16th percentile

0.03x

Higher debt load relative to revenue than 16% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

5th percentile

-62%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

34th percentile

$86,310

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 23.5% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

23rd percentile

-2.8%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-59%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets10th percentile

Assets

Down

$7,851,289

Down $227,099 (-2.8%) from 2016

Net Assets

Down

$7,840,962

Down $225,441 (-2.8%) from 2016

Liabilities

Down

$10,327

Down $1,658 (-14%) from 2016

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin5th percentile

Revenue

Down

$367,647

Down $522,848 (-59%) from 2016

Expenses

Up

$595,587

Up $226,248 (+61%) from 2016

Net Income

Down

-$227,940

Down $749,096 (-144%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2017

Assets$7,851,289
Liabilities$10,327
Net Assets$7,840,962
Open 2017 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$367,647
Expenses$595,587
Net Income-$227,940
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 20, 2018
Return Version
2017v2.2
Gross Receipts
$367,647
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$4,864,233$5,599,233▲ $735,000
Pledges and Grants Receivable$2,175,046$1,659,987▼ $515,059
Investments Other Securities$136,970$410,971▲ $274,001
Other Notes and Loans Receivable, Net$200,000$0▼ $200,000
Accounts Receivable$148,702$132,963▼ $15,739
Savings and Temporary Cash Investments$546,594$44,985▼ $501,609
Prepaid Expenses and Deferred Charges$3,473$1,700▼ $1,773
Land, Buildings, and Equipment, Net$3,370$1,450▼ $1,920
Cash and Non-Interest-Bearing Accounts-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$8,078,388$7,851,289▼ $227,099
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$11,985$10,327▼ $1,658
Total Liabilities$11,985$10,327▼ $1,658
Net Assets / Fund Balance
Unrestricted Net Assets$6,286,357$6,775,975▲ $489,618
Temporarily Rstr Net Assets$1,780,046$1,064,987▼ $715,059
Total Net Assets Fund Balance$8,066,403$7,840,962▼ $225,441
Total Liabilities and Net Assets / Fund Balance$8,078,388$7,851,289▼ $227,099

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,450$8,152$9,602
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fred RaaschBusiness MgrFT$82,200$4,110$86,310

Board Members and Trustees

NameTitle
Thomas ShannonPresident & CEO
Jeff HarrisVice President
Aaron HagarDirector
Adam BergerDirector
Andy ShragoDirector
Dan ShannonDirector
Mark BurishDirector
Mark HoganDirector
Pam EvasonDirector
Anthony HandzlikSecretary
Daniel MatolaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$206,152
Program Service Revenue
$146,750
Investment Income
$14,745
Other Revenue
$0
All Other Contributions
$156,152
Change in Net Assets
$-227,940

Audited Revenue Reconciliation

Revenue per Audited Statements
$367,647
Revenue Not Reported on Form 990
$2,499
Total Revenue per Audited Statements
$370,146
Total Revenue per Form 990
$367,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$356,391
Salaries, Compensation, and Employee Benefits$239,196
Total Fundraising Expense$57,221
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$83,447$28,498$18,174$130,119
Current Officers, Directors, Trustees, and Key Employees$50,080$17,103$10,907$78,090
Advertising$40,000$12,609$12,610$65,219
Occupancy$10,628$3,630$2,315$16,573
Payroll Taxes$10,165$3,472$2,491$16,128
Fees for Services Accounting$9,908$3,384$2,157$15,449
Pension Plan Contributions$9,529$3,255$2,075$14,859
Travel$8,370$2,859$1,823$13,052
Office Expenses$3,930$1,354$856$6,140
Insurance$2,475$846$539$3,860
Information Technology$1,944$665$423$3,032
Fees for Services Legal$1,872$639$408$2,919
Fees for Service Investment Mgmnt Fees--$2,004$2,004
Depreciation Depletion$1,231$421$268$1,920
Other Expenses$226$78$49$353
Fees for Services Other$77$26$17$120
Total Functional Expenses$459,363$79,003$57,221$595,587

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$595,587
Total Expenses per Audited Statements$595,587
Total Expenses per Form 990$595,587
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Six Board Members have joint outside investments”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The 990 is reviewed by a two person committee comprised of the President of the company and chairman of the board prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization regularly and consistently monitors and enforces compliance with the policy in its monthly investment committee meeting.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon request”

Filing and Contact Details

Filer

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

Signing Officer

Name
Thomas Shannon
Title
President & CEO
Signed
2018-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Shannon
Formed
2013
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
11
Employees
4
Volunteers
18

Preparer

Firm
Ritz Holman LLP
Address
330 E Kilbourn Ste 550, Milwaukee, WI 53202-3144
Preparer
Renee Messing
Phone
4142711451
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“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, 2017, 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.”

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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0367647
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0423
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0665
IRS990/InformationTechnologyGrp/ProgramServicesAmt01944
IRS990/InformationTechnologyGrp/TotalAmt03032
IRS990/InsuranceGrp/FundraisingAmt0539
IRS990/InsuranceGrp/ManagementAndGeneralAmt0846
IRS990/InsuranceGrp/ProgramServicesAmt02475
IRS990/InsuranceGrp/TotalAmt03860
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt014745
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014745
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0136970
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0410971
IRS990/InvestmentsProgramRelatedGrp/BOYAmt04864233
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05599233
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08152
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03370
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01450
IRS990/LandBldgEquipCostOrOtherBssAmt09602
IRS990/LegalDomicileStateCd0WI
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Brightstar 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt08066403
IRS990/NetAssetsOrFundBalancesEOYAmt07840962
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02499
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt02315
IRS990/OccupancyGrp/ManagementAndGeneralAmt03630
IRS990/OccupancyGrp/ProgramServicesAmt010628
IRS990/OccupancyGrp/TotalAmt016573
IRS990/OfficeExpensesGrp/FundraisingAmt0856
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01354
IRS990/OfficeExpensesGrp/ProgramServicesAmt03930
IRS990/OfficeExpensesGrp/TotalAmt06140
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Loss on Investments
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0105
IRS990/OtherExpensesGrp/FundraisingAmt149
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0164
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt178
IRS990/OtherExpensesGrp/ProgramServicesAmt0225000
IRS990/OtherExpensesGrp/ProgramServicesAmt1481
IRS990/OtherExpensesGrp/ProgramServicesAmt2226
IRS990/OtherExpensesGrp/TotalAmt0225000
IRS990/OtherExpensesGrp/TotalAmt1750
IRS990/OtherExpensesGrp/TotalAmt2353
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018174
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028498
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt083447
IRS990/OtherSalariesAndWagesGrp/TotalAmt0130119
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0200000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02491
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03472
IRS990/PayrollTaxesGrp/ProgramServicesAmt010165
IRS990/PayrollTaxesGrp/TotalAmt016128
IRS990/PensionPlanContributionsGrp/FundraisingAmt02075
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03255
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09529
IRS990/PensionPlanContributionsGrp/TotalAmt014859
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02175046
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01659987
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03473
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01700
IRS990/PrincipalOfficerNm0Thomas Shannon
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0QNBV REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0146750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0146750
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0509398
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt016345
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0128739
IRS990/PYProgramServiceRevenueAmt0364752
IRS990/PYRevenuesLessExpensesAmt0521156
IRS990/PYSalariesCompEmpBnftPaidAmt0240600
IRS990/PYTotalExpensesAmt0369339
IRS990/PYTotalRevenueAmt0890495
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-227940
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0546594
IRS990/SavingsAndTempCashInvstGrp/EOYAmt044985
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
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: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0451832104
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WISCONSIN ECONOMIC DEVELOPMENT CORP
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01450
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08152
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09602

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,851,289
Liabilities
$10,327
Net assets
$7,840,962
Revenue
$367,647
Expenses
$595,587
Net income
-$227,940
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