2024-05-07T09:55:51-05:00 2023-06-30 420714325 RSM US LLP 30 S Wacker Drive Suite 3300 Chicago IL 60606 990 2022-07-01 832278676 Isthmus Project Inc ISTH 6085044636 600 Highland Ave Madison WI 53792 Jodilynn Vitello VP of Finance 6085044636 2024-04-30 1 Jodilynn Vitello 999009999 0 Rebekuh Eley P01247672 3126343400 2024-04-30 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z Elizabeth Hagerman PHD 600 Highland Ave Madison WI 53792 388813 0 X www.isthmusproject.com X 2018 WI The Corporation is organized and shall be operated exclusively to support the missions of the University of Wisconsin Hospitals and Clinics Authority, University of Wisconsin Medical Foundation, and the University of Wisconsin School of Medicine and Public Health by facilitating the development and translation of innovations and useful technology developed at UW Health and the University of Wisconsin, including in collaboration with other research institutions and partners, to improve health and healthcare by preventing and alleviating the effects of disease. 13 5 0 5 0 0 0 350000 0 38813 0 0 75000 0 75000 388813 0 0 0 0 551665 791058 0 0 0 24340 25318 576005 816376 -501005 -427563 722797 2325504 69056 99326 653741 2226178 X The Corporation is organized and shall be operated exclusively to support the missions of the University of Wisconsin Hospitals and Clinics Authority, University of Wisconsin Medical Foundation, and the University of Wisconsin School of Medicine and Public Health by Facilitating the development and translation of innovations and useful technology developed at UW Health and the University of Wisconsin, including in collaboration with other research institutions and partners, to improve health and healthcare by preventing and alleviating the effects of disease. 0 0 812298 0 38813 The Isthmus Project was founded with the intent to support Healthcare Innovation arising from our own ecosystem, including innovators from UW Health and UW School of Medicine and Public Health. Services the Isthmus Project offers include:1) Helping connect innovators to additional development resources including mentors, potential customers, funders, as well as engineering and IP services.2) Providing mentorship on technical development and business planning including market assessment and company valuation.Funding options and support including UW Health funding. 812298 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 5 1 0 1 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 1 1 X Aaron Prochaska 6088214272 7974 UW Health Court Middleton WI 53562 Elizabeth Burnside-Rollins MD MPH Director (until 6/30/23) 2.00 38.00 X 0 581824 62436 Scott Button Director 2.00 0.00 X 0 0 0 David Casimir JD PhD Director 2.00 0.00 X 0 0 0 Beth Drolet MD Director 2.00 38.00 X 0 662687 61063 Thomas Grist MD Director 2.00 38.00 X 0 854460 62436 Elizabeth Hagerman PhD President/Chief Innovation Officer 40.00 0.00 X X 0 341228 34380 George Kamperschroer Director (until 6/30/23) 2.00 0.00 X 0 0 0 Thomas Rock Mackie PhD Chair 2.00 38.00 X 0 0 0 Michael Partsch Director 2.00 0.00 X 0 0 0 Manish Shah MD MPH Director 2.00 38.00 X 0 489553 63 Kelly Wilson JD MBA Secretary 2.00 38.00 X X 0 915327 150325 Cherodeep Goswami Director 2.00 38.00 X 0 740364 30284 Anjon Jon Audhya PhD Treasurer (as of 07/1/22) 2.00 38.00 X X 0 324918 30885 Kurt Zimmerman Vice President 2.00 38.00 X 0 168467 13742 0 5078828 445614 0 0 1 0 0 350000 350000 Consulting Services 900099 38813 38813 38813 388813 38813 0 0 651877 651877 46035 46035 56221 56221 36925 36925 1749 1749 3763 3763 3500 3500 11074 11074 1064 749 315 35 35 2107 2107 2026 2026 816376 812298 4078 0 301687 793634 27217 6410 6234 20807 400000 1488813 14876 22250 722797 2325504 3577 3870 65479 95456 69056 99326 X 653741 2226178 653741 2226178 722797 2325504 X -427563 2000000 X 0 1 X 1 0 X X 3 University of Wisconsin Hospitals and Clinics Authority 391835630 3 1 0 0 University of Wisconsin Medical Foundation 391824445 10 1 0 0 University of Wisconsin School of Medicine and Public Health 391805963 6 1 0 0 3 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Part IV, Section A, Line 2: Per IRC Section 509(a)(1), under section 170(b)(1)(A)(v) as defined in section 170(c)(1), governmental entities like the University of Wisconsin School of Medicine and Public Health are deemed to be public charities. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10537 6410 4127 16680 16680 20807 Atrility Medical 438813 C Arkayli Biopharma 400000 C Archeus Technologies 500000 C Madison Scientific 150000 C 1488813 Due to Related Organizations 95456 95456 X Part X, Line 2: The Organization is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code. The Organization is also exempt from state income tax. The Organization follows guidance relative to the uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Organization, and various positions related to the potential sources of unrelated business taxable income (UBTI). Any tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. 0 1 0 0 0 0 0 0 0 Kelly Wilson JD MBA Secretary 0 643687 0 271490 0 150 0 118085 0 32240 0 1065652 0 0 Thomas Grist MD Director 0 854460 0 0 0 0 0 61000 0 1436 0 916896 0 0 Cherodeep Goswami Director 0 573249 0 163559 0 3556 0 22265 0 8019 0 770648 0 0 Beth Drolet MD Director 0 662687 0 0 0 0 0 61000 0 63 0 723750 0 0 Elizabeth Burnside-Rollins MD MPH Director (until 6/30/23) 0 581824 0 0 0 0 0 61000 0 1436 0 644260 0 0 Manish Shah MD MPH Director 0 489553 0 0 0 0 0 0 0 63 0 489616 0 0 Elizabeth Hagerman PhD President/Chief Innovation Officer 0 296500 0 44728 0 0 0 22265 0 12115 0 375608 0 0 Anjon Jon Audhya PhD Treasurer (as of 07/1/22) 0 321654 0 3264 0 0 0 0 0 30885 0 355803 0 0 Kurt Zimmerman Vice President 0 168467 0 0 0 0 0 0 0 13742 0 182209 0 0 Part I, Line 3 Compensation is paid via a leasing agreement with members of the organization. Executive compensation is based on comparative data with like positions within the market. Part I, Line 4b Members of the Board participate in supplemental, non-qualified retirement plans through their employers, which are related organizations to the filing entity. Those individuals participate in a 457(f) plan. The following individual received contributions during 2022: - Kelly Wilson $95,820 No distributions are made in 2022. Form 990, Part VI, Section A, line 2 The following individuals have a business relationship; Elizabeth Burnside-Rollins, Beth Drolet, Thomas Grist, and Manish Shah are all employees of a related organization in which Kelly Wilson and George Kamperschroer are associated as an Officer or Director. Form 990, Part VI, Section A, line 4 Due to it being uncommon to require unanimous director approval for written consents for voting on investment matters, the Isthmus Project, Inc. Bylaws were amended to require a majority vote from the board directors versus a unanimous vote (from all directors) for approvals/actions by written consent. Form 990, Part VI, Section A, line 6 University of Wisconsin Hospitals and Clinics Authority (UWHCA) is the sole member of the Organization. Form 990, Part VI, Section A, line 7a The Board of Directors includes representatives of the member organization and independent third-party individuals. Form 990, Part VI, Section A, line 7b There are a variety of reserve powers that are subject to approval by the sole member (UWHCA) and they cover things such as board appointments, budgets, officers, etc. Form 990, Part VI, Section A, line 8b Isthmus Project, Inc. has no other comittees beyond the governing body. Form 990, Part VI, Section B, line 11b Form 990 is completed by the organization's external accounting firm. Key finance employees review the Form 990 for completeness and accuracy. The return is provided to the members of the board of directors before filing. The return is submitted for filing with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c All annual conflict of interest forms were reviewed by the Office of Corporate Counsel and Business Integrity. In addition, a summary of all Key Employee and Board Members interests is created and provided to Corporate Governance for review during decision-making. If a member would have an actual or perceived conflict, they would follow the respective conflict of interest policy. Form 990, Part VI, Section B, line 15 All wages are paid by the supported organizations which are: University of Wisconsin Hospital and Clinics Authority and University of Wisconsin Medical Foundation. Form 990, Part VI, Section C, line 19 Governing documents, conflicts of interest policy, and financial statements are made available to the public upon request for the same period of disclosure as required per IRC Section 6104(d). Form 990, Part XI, line 9: Capital Contribution from UWHCA 2,000,000. Generations Fertility Care Inc 2365 Deming Way Middleton WI 53562 273496527 Reproductive endocrinology and infertility services WI 501(c)(3) Line 10 N/A 1 Madison Surgery Center 7974 UW Health Court Middleton WI 53562 391940656 Health care services and training WI 501(c)(3) Line 10 University of WI Hospital and Clinics Authority 1 Regional Division Inc 301 South Westfield Road Suite 320 Madison WI 53717 391446049 Regional Parent Corp. to manage and direct activities of entities WI 501(c)(3) Line 12a University of WI Hospital and Clinics Authority 1 SwedishAmerican Foundation 1415 East State Street Rockford IL 61104 363097493 Supports fundraising for SwedishAmerican Hospital IL 501(c)(3) Line 7 SwedishAmerican Hospital 1 SwedishAmerican Health System Corporation 1401 East State Street Rockford IL 61104 363241458 Parent Corporation to manage and direct activities of entities IL 501(c)(3) Line 12a Regional Division Inc 1 SwedishAmerican Hospital 1401 East State Street Rockford IL 61104 362222696 Hospital IL 501(c)(3) Line 3 SwedishAmerican Health System Corporation 1 SwedishAmerican Hospital Self Insurance Trust 1401 East State Street Rockford IL 61104 366652702 Hospital Malpractice Trust VT 501(c)(3) Line 12a SwedishAmerican Hospital 1 SwedishAmerican Realty Corporation 1313 East State Street Rockford IL 61104 363248013 Title Holding Company IL 501(c)(3) SwedishAmerican Health System Corporation 1 University Health Care Inc 301 South Westfield Road Suite 320 Madison WI 53717 472553196 Support Organization WI 501(c)(3) Line 12a University of WI Hospital and Clinics Authority 1 University of WI Hospital and Clinics Authority 7974 UW Health Court Middleton WI 53562 391835630 Hospital and Clinics WI 501(c)(3) Line 6 N/A 0 University of WI Medical Foundation 7974 UW Health Court Middleton WI 53562 391824445 Physician Services WI 501(c)(3) Line 10 University of WI Hospital and Clinics Authority 1 University of Wisconsin School of Medicine and Public Health 750 Highland Avenue Madison WI 53726 391805963 School WI 501(c)(3) Line 6 University of WI Hospital and Clinics Authority 0 UW Health ACO Inc 7974 UW Health Court Middleton WI 53562 455490584 Accountable Care Organization WI 501(c)(3) Line 10 University of WI Hospital and Clinics Authority 1 Wisconsin Therapies Inc 600 Highland Avenue Madison WI 53792 391807425 Infusion Therapy WI 501(c)(3) Line 12a University of WI Hospital and Clinics Authority 1 Chartwell Wisconsin Enterprises LLC 2241 Pinehurst Drive Middleton WI 53562 391796267 Parent entity of CMW and CMW-HR WI N/A 0 0 Madison Medical Center LLP 7974 UW Health Court Middleton WI 53562 391329429 Real Estate WI N/A 0 0 Northern Illinois Vein Clinic 2550 Charles Street Rockford IL 61108 201642329 Outpatient Health Services IL N/A 0 0 Sixth Street Medical LLC 7974 UW Health Court Middleton WI 53562 472705724 Real Estate WI N/A 0 0 Three Rivers Partners LLC 1313 East State Street Rockford IL 61104 262231757 Information Technology Services IL N/A 0 0 Physician's Care Network 1313 East State Street Rockford IL 61104 363455791 Health Services IL N/A C 1 Quartz Health Benefit Plans Corporation 840 Carolina Street Sauk City WI 53583 391450766 Health Maintenance Organization WI N/A C 1 Quartz Health Insurance Corporation 840 Carolina Street Sauk City WI 53583 391565691 Health Maintenance Organization WI N/A C 1 Quartz Health Solutions 840 Carolina Street Sauk City WI 53583 465710709 Insurance WI N/A C 1 Quartz Holding Company 840 Carolina Street Sauk City WI 53583 821728929 Holding Company WI N/A C 1 SARI Insurance Company 76 St Paul Street Suite 500 Burlington VT 054014477 030308753 Captive Insurance Company VT N/A C 1 State & Charles Inc 1313 East State Street Rockford IL 61104 363321193 Holding Company IL N/A C 1 SwedishAmerican Health Management Corp 1401 East State Street Rockford IL 61104 363246511 Management Services IL N/A C 1 Wisconsin Dialysis 3034 Fish Hatchery Road Fitchburg WI 53713 300072647 Dialysis Services WI N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0