2024-07-23T14:37:44-05:00 2023-12-31 390747409 REILLY PENNER & BENTON LLP 1233 NORTH MAYFAIR RD SUITE 302 MILWAUKEE WI 532263255 990 2023-01-01 392076974 MILWAUKEE REGIONAL INNOVATION CENTER MILW 4147781400 10437 INNOVATION DRIVE 123 WAUWATOSA WI 53226 MARK JOHNSON EXECUTIVE DIRECTOR 4147781400 2024-07-01 1 MARK JOHNSON 999009999 1 CARRIE GINDT P00997435 4142717800 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MARK JOHNSON 10437 INNOVATION DRIVE 123 WAUWATOSA WI 53226 3640319 0 X WWW.TECHNOLOGYINNOVATIONCENTER.ORG X 2008 WI THE MISSION OF THE ORGANIZATION IS (1) TO CREATE A CENTER FOR ENCOURAGING ENTREPRENEURSHIP MOTIVATED BY THE DESIRE TO GENERATE NEW EMPLOYMENT OPPORTUNITIES AND STIMULATE DEVELOPMENT; AND (2) TO PURSUE INNOVATION AND DEVELOPMENT OF RESEARCH PRODUCTS FOR THE BENEFIT OF THE MILWAUKEE REGIONAL MEDICAL CENTER, AREA UNIVERSITIES AND TECHNICAL SCHOOLS, AS WELL AS THE MILWAUKEE AREA, THE STATE OF WISCONSIN AND THE REGION; (3) TO SUPPORT AND HOUSE NEW AND DEVELOPING BUSINESSES ENGAGED IN TECHNOLOGY DEVELOPMENT, SCIENTIFIC RESEARCH AND RELATED ACTIVITIES, AND TO MODIFY AND REHABILITATE AND DEVELOP A TECHNOLOGY INNOVATION CENTER TO FURTHER THESE PURPOSES; 4) TO COMPLETE THE DEVELOPMENT OF THE MILWAUKEE COUNTY RESEARCH PARK AND TO MANAGE THE PARK IN ACCORDANCE WITH ITS DECLARATION OF CONVENTS, CONDITIONS, RESTRICTIONS AND DESIGN GUIDELINES; AND VARIOUS DEVELOPMENT AGREEMENTS WITH PARK OCCUPANTS. 14 14 4 17 0 0 100000 0 1029795 1050656 101030 377699 13437 673 1244262 1429028 23750 28750 0 0 467663 344867 0 0 0 854781 768288 1346194 1141905 -101932 287123 7251813 7779039 228617 258229 7023196 7520810 TO MANAGE AND OPERATE THE TECHNOLOGY INNOVATION CENTER AND THE MILWAUKEE COUNTY RESEARCH PARK. 0 0 889811 28750 1051329 OPERATION OF THE TECHNOLOGY INNOVATION CENTER. 889811 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 5 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X MARK JOHNSON 4147781400 10437 INNOVATION DRIVE WAUWATOSA WI 53226 DAVID DULL BOARD MEMBER 0.20 X 0 0 0 ROBERT DENNIK PAST SECRETARY 0.20 X X 0 0 0 NATHANIEL CADE JR TREASURER 0.20 X X 0 0 0 WILLIAM MASTORIS CHAIRMAN 0.20 X X 0 0 0 CALLI BERG PAST BOARD MEMBER 0.20 X 0 0 0 DENNIS MCBRIDE BOARD MEMBER 0.20 X 0 0 0 DAN BUKIEWICZ BOARD MEMBER 0.20 X 0 0 0 DAVID GILBERT SECRETARY 0.20 X X 0 0 0 KEENAN GRENELL PHD VICE CHAIR 0.20 X X 0 0 0 JACLYNN WALSH PAST VICE CHAIR 0.20 X X 0 0 0 JEANNE HOSSENLOPP PHD BOARD MEMBER 0.20 X 0 0 0 JOHN RAYMOND SR MD BOARD MEMBER 0.20 X 0 0 0 DR RICHARD BUSALACCHI PAST BOARD MEMBER 0.20 X 0 0 0 PETER SKANAVIS BOARD MEMBER 0.20 X 0 0 0 SHAWN ROLLAND BOARD MEMBER 0.20 X 0 0 0 MARK JOHNSON EXECUTIVE DIRECTOR 40.00 X X 155000 0 29297 CELIA BENTON BOARD MEMBER 0.20 X 0 0 0 THOMAS IRGENS BOARD MEMBER 0.20 X 0 0 0 155000 0 29297 1 0 1 0 0 RENTAL REVENUE 532000 973884 973884 DEVELOPMENT FUND INCOME 900099 76772 76772 1050656 198497 198497 2390493 2211288 3 179205 -3 179202 179202 MISCELLANEOUS REVENUE 900099 673 673 673 1429028 1051329 0 377699 28750 28750 184297 119793 64504 116061 104083 11978 17230 15554 1676 6504 5729 775 20775 16625 4150 555 555 70823 70823 37560 37560 25588 25588 15702 15702 26101 26101 515707 515703 4 683 683 1403 1403 35919 35919 36686 19985 16701 AMORTIZATION ON LEASES 1170 1170 INTEREST ON LEASES 225 225 MISCELLANEOUS 166 166 1141905 889811 252094 0 271136 426143 69735 69992 131620 44600 16264 16941 603852 104731 469540 499121 5904387 6321479 389131 389128 0 11635 7251813 7779039 149328 155166 7632 14343 71657 88720 228617 258229 X 6973196 7520810 50000 0 7023196 7520810 7251813 7779039 287123 210491 0 X X 0 1 X 1 0 X 112500 100000 212500 991905 985503 1026924 1029795 1050656 5084783 1104405 985503 1026924 1129795 1050656 5297283 0 603366 444192 435339 416641 390236 2289774 603366 444192 435339 416641 390236 2289774 3007509 156427 76620 88744 121030 198494 641315 156427 76620 88744 121030 198494 641315 30348 908 684 13437 673 46050 1291180 1063031 1116352 1264262 1249823 5984648 0.50250 0.45360 0.10720 0.09590 X 4990500 546953 5537453 5530280 -539780 4990500 5055373 474907 5530280 4573249 482124 5055373 3563706 414135 595408 4573249 1.00000 0 0 603852 104731 499121 499121 LOCAL GOVERNMENT INVESTMENT POOL 1011364 F VANGUARD INVESTMENTS 5310115 F 6321479 INVESTMENT IN LLCS 369128 F INVESTMENT IN C-CORPS 20000 C 389128 TENANT SECURITY DEPOSIT 77155 FINANCE LEASE LIABILITY 11565 88720 X 1639519 210491 210491 1429028 0 1429028 1141905 0 1141905 0 1141905 PART X, LINE 2: THE ORGANIZATION TAX-EXEMPT ORGANIZATIONS UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3). THE TAX-EXEMPT STATUS IS BASED ON THE STATED PURPOSE OF THE ORGANIZATIONS AND SUPPORTING EVIDENCE PRESENTED TO THE INTERNAL REVENUE SERVICE WITH THE APPLICATION FOR TAX-EXEMPT STATUS. SUCH STATUS IS SUBJECT TO RE-EVALUATION SHOULD THERE BE ANY CHANGES IN OPERATION, CHARACTER, OR PURPOSE OF THE ORGANIZATION. THE ORGANIZATION HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNIZING, INTEREST, PENALTIES AND DISCLOSURE REQUIRED. MANAGEMENT OF THE ORGANIZATION EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. 1 ALL IN MILWAUKEE 135 W WELLS STREET MILWAUKEE WI 53203 832541054 501C3 28750 0 SCHOLARSHIPS 1 X 0 0 0 0 0 0 0 0 0 MARK JOHNSON EXECUTIVE DIRECTOR 155000 0 0 0 0 0 0 0 29297 0 184297 0 0 0 PART I LINE 3 THE BOARD OF DIRECTORS APPROVES THE SALARY AND OTHER COMPENSATION OF THE EXECUTIVE DIRECTOR YEARLY. GUY MASCARI PRIOR OFFICER 36000 CONSULTING PAYMENTS 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS IS EMAILED A COPY OF THE DRAFT 990. FORM 990, PART VI, SECTION B, LINE 12C ALL APPLICABLE PERSONS SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FROM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR. TECHNOLOGY INNOVATION CENTER 10437 INNOVATION DRIVE SUITE 123 WAUWATOSA WI 53226 812075451 TO OPERATE THE TECHNOLOGY INNOVATION CENTER. WI 1070754 934929 MILWAUKEE REGIONAL INNOVATION CENTER