2024-10-21T13:53:12-05:00 2023-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2023-01-01 901001588 BRIGHTSTAR WISCONSIN FOUNDATION INC BRIG 4142246000 710 N PLANKINTON AVE 340 MILWAUKEE WI 53203 TODD SOBOTKA EXECUTIVE DIRECTOR 4142246000 2024-10-21 1 1 RENEE MESSING P01872384 4142711451 2024-10-01 2023 2024-10-15 13:58:12Z TODD SOBOTKA 710 N PLANKINTON AVE 340 MILWAUKEE WI 53203 62273 0 X WWW.BRIGHTSTARWI.ORG X 2013 WI 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. 10 8 3 18 0 0 125781 431644 -169686 -386555 13811 17184 125000 0 94906 62273 0 0 0 0 292544 360145 0 0 139073 89471 76703 382015 436848 -287109 -374575 10204785 9828444 18082 16316 10186703 9812128 X 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. 0 0 166510 -386555 PROGRAM INVESTMENTS: ALL PROGRAM INVESTMENTS ARE MADE WITH THE PRIMARY INTENT OF CREATING FAMILY-SUSTAINING JOBS WITHIN THE STATE OF WISCONSIN. 166510 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 5 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 WI X TODD SOBOTKA 4142246000 710 N PLANKINTON AVENUE MILWAUKEE WI 53203 THOMAS SHANNON EXECUTIVE CHAIRMAN 1.00 X X 0 0 0 JEFF HARRIS PRESIDENT 1.00 X X 0 0 0 DANIEL MATOLA TREASURER 1.00 X X 0 0 0 ANTHONY HANDZLIK SECRETARY 1.00 X X 0 0 0 ADAM BERGER DIRECTOR 1.00 X 0 0 0 MARK BURISH DIRECTOR 1.00 X 0 0 0 PAM EVASON DIRECTOR 1.00 X 0 0 0 JOEY FRAYNE DIRECTOR 1.00 X 0 0 0 DAN SHANNON DIRECTOR 1.00 X 0 0 0 ANDY SHRAGO DIRECTOR 1.00 X 0 0 0 TODD SOBOTKA EXECUTIVE DIRECTOR 40.00 X 245716 0 4285 FRED RAASCH VICE PRESIDENT 32.00 X 76367 0 0 322083 0 4285 1 0 1 0 0 50000 381644 431644 PROGRAM INVESTMENT REV 900099 -386555 -386555 -386555 17184 17184 62273 -386555 0 17184 326686 129219 82687 114780 13329 13329 20130 7823 5661 6646 51 51 15778 15778 1010 1010 11500 11500 6052 3026 3026 9591 2230 3539 3822 17567 6827 4941 5799 6163 2395 1733 2035 2727 1060 767 900 5503 2139 1547 1817 DUES & SUBSCRIPTIONS 750 291 211 248 MISCELLANEOUS 11 11 436848 166510 131265 139073 198872 145097 109689 138642 132813 3210 6281 6252 4395 1043 1857 363333 101917 9390642 9427113 5183 7537 10204785 9828444 18082 16316 18082 16316 X 10012704 9698486 173999 113642 10186703 9812128 10204785 9828444 -374575 0 X 0 1 X 1 0 X X 1 WISCONSIN ECONOMIC DEVELOPMENT CORP 451832104 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 0 PART IV, SECTION E, LINE 2A: WISCONSIN 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6252 4395 1857 1857 PROGRAM RELATED INVESTMENTS 9427113 F 9427113 X 61263 0 61263 1010 1010 62273 435838 0 435838 1010 1010 436848 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, 2023, 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. X X 0 0 0 0 0 0 0 0 0 TODD SOBOTKA EXECUTIVE DIRECTOR 245716 0 0 0 0 0 0 0 4285 0 250001 0 0 0 PART I, LINE 3 THE EXECUTIVE CHAIRMAN AND PRESIDENT, WITH THE ASSISTANCE FROM LEGAL COUNSEL, USED COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION TO DETERMINE COMPENSATION. COMPENSATION IS FORMULA DRIVEN AND THE PROCESS INCLUDES SEMI-ANNUAL EVALUATIONS. MICHAEL SHANNON FAMILY MEMBER OF TWO BOARD MEMBERS 100000 DONATION TO THE ORGANIZATION 0 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 BRIGHTSTAR PORTFOLIO MANAGEMENT LLC 710 NORTH PLANKINTON AVE SUITE 34 MILWAUKEE WI 53203 472275857 INVESTMENT FUND WI 9377113 BRIGHTSTAR WISCONSIN FOUNDATION INC