2024-08-26T14:23:01-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 500 MIDLAND COURT PO BOX 8130 JANESVILLE WI 535478130 990 2023-01-01 463516056 JANESVILLE INNOVATION INC JANE 6087553059 18 N JACKSON STREET PO BOX 5005 JANESVILLE WI 535475005 JIMSI KUBORN SECRETARY/TREASURER 6087553059 2024-08-26 1 1 TROY MARINE CPA P00187863 6087525835 2024-08-26 2023 2024-08-08 14:25:15Z JAMES OTTERSTEIN 18 N JACKSON STREET PO BOX 5005 JANESVILLE WI 535475005 139845 0 X WWW.JANESVILLEINNOVATION.COM X 2013 WI 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. 15 15 0 14 0 0 0 5 171471 139840 0 0 0 0 171471 139845 0 0 0 0 0 0 0 0 0 193314 120959 193314 120959 -21843 18886 19949 11033 137993 130955 -118044 -119922 X 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. 0 0 87361 139840 ECONOMIC DEVELOPMENT 25972 ROCK COUNTY ENTREPRENEURIAL BUSINESS DEVELOPMENT PROGRAM - PROMOTE ENTREPRENEURIAL EDUCATION, MENTORSHIP AND TRAINING; AND BUSINESS DEVELOPMENT AND FINANCIAL SERVICES. 113333 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 WI X JIMSI KUBORN 6087553059 18 N JACKSON STREET JANESVILLE WI 535482928 KEVIN LAHNER DIRECTOR 1.00 X 0 149801 0 JIMSI KUBORN DIRECTOR 1.00 X 0 104672 14898 JAMES OTTERSTEIN PRESIDENT 1.00 X 0 0 0 MARK GREGORY VICE PRESIDENT 1.00 X 0 0 0 ANGELA PAKES DIRECTOR 1.00 X 0 0 0 BRUCE KEPNER DIRECTOR 1.00 X 0 0 0 DAVID MARSHICK DIRECTOR 1.00 X 0 0 0 DR TRACY PIERNER DIRECTOR 1.00 X 0 0 0 DR TRICIA CLASEN DIRECTOR 1.00 X 0 0 0 ERIN CURRIER DIRECTOR 1.00 X 0 0 0 JON BALLARD DIRECTOR 1.00 X 0 0 0 KEVIN KAUFMAN DIRECTOR 1.00 X 0 0 0 SHAUNA EL-AMIN DIRECTOR 1.00 X 0 0 0 STEVE WERNER DIRECTOR 1.00 X 0 0 0 0 254473 14898 0 0 0 0 0 5 5 PROPERTY RENTAL INCOME 532000 139840 139840 139840 139845 139840 0 0 X 1622 1622 52624 52624 8142 8142 756 756 52567 52567 5248 5248 120959 113333 7626 0 19949 11033 19949 11033 19689 8846 0 11352 118304 110757 137993 130955 X -118044 -119922 -118044 -119922 19949 11033 18886 -20764 0 X X 0 1 X 1 0 X 50500 48000 5650 0 5 104155 50500 48000 5650 5 104155 104155 104155 626678 1.00000 1.00000 X 0 LIABILITIES IN EXCESS OF CASH 110757 110757 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. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 52,624. TOTAL EXPENSES 52,624. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CITY OF JANESVILLE INC 18 NORTH JACKSON STREET JANESVILLE WI 53547 396005472 GOVERNMENTENTAL UNIT WI 115 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0