2024-08-07T13:50:46-05:00 2024-03-31 410746749 CLIFTONLARSONALLEN LLP 100 MARITIME DRIVE SUITE 2B MANITOWOC WI 54220 990 2023-04-01 391592727 BADGER INSTITUTE INC BADG 4142259940 700 W VIRGINIA ST 301 MILWAUKEE WI 53204 MIKE NICHOLS PRESIDENT 4142259940 2024-07-22 1 1 JON SWANSON P01710866 9206845500 2024-07-10 2023 2024-08-08 14:25:15Z MIKE NICHOLS 700 W VIRGINIA ST 301 MILWAUKEE WI 53204 2288787 0 X WWW.BADGERINSTITUTE.ORG X 1987 WI PUBLIC POLICY RESEARCH. 10 10 8 16 0 0 1365022 1093187 0 0 89955 241022 -37015 2635 1417962 1336844 0 0 0 0 765167 706157 0 0 204844 628457 597293 1393624 1303450 24338 33394 3357615 3552632 244824 207427 3112791 3345205 X PUBLIC POLICY RESEARCH - TO ENGAGE AND ENERGIZE WISCONSINITES AND OTHERS IN DISCUSSIONS AND TIMELY ACTION ON KEY PUBLIC POLICY ISSUES CRITICAL TO THE STATE'S FUTURE, ITS GROWTH AND PROSPERITY. THE INSTITUTE'S RESEARCH AND PUBLIC EDUCATION ACTIVITIES ARE DIRECTED TO IDENTIFY AND PROMOTE PUBLIC POLICIES IN WISCONSIN WHICH ARE FAIR, ACCOUNTABLE AND COST EFFECTIVE. 0 0 783619 0 0 THE ORGANIZATION RESEARCHES PUBLIC POLICY IN THE STATE OF WISCONSIN AND PREPARES REPORTS AND MAGAZINES WHICH ARE DISTRIBUTED TO THE MEDIA, STATE LEGISLATURE, AND OTHER INTERESTED PARTIES DURING THE FISCAL YEAR. THE ORGANIZATION PRODUCED DOZENS OF ARTICLES, SHORT POLICY BRIEFS AND WHITE PAPERS. THE ORGANIZATION ALSO MAINTAINS A WEBSITE WHICH INCLUDES ALL PUBLICATIONS, COMMENTARY, AND CONTENT THAT HAS BEEN IN THE MEDIA, WWW.BADGERINSTITUTE.ORG. 783619 1 1 0 1 0 0 0 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X MIKE NICHOLS 4142259940 700 W VIRGINIA STREET MILWAUKEE WI 53204 AVE BIE CHAIR 1.00 X X 0 0 0 LISA MAUER VICE CHAIR 1.00 X X 0 0 0 GAIL HANSON TREASURER 1.00 X X 0 0 0 JASON KOHOUT SECRETARY 1.00 X X 0 0 0 COREY HOZE DIRECTOR 1.00 X 0 0 0 DAVID BAUMGARTEN DIRECTOR 1.00 X 0 0 0 DAVID LUBAR DIRECTOR 1.00 X 0 0 0 ELLEN NOWAK DIRECTOR 1.00 X 0 0 0 MATT ROWE DIRECTOR 1.00 X 0 0 0 NICHOLAS BAUER DIRECTOR 1.00 X 0 0 0 SHANNON WHITWORTH DIRECTOR 1.00 X 0 0 0 MIKE NICHOLS PRESIDENT 40.00 X 252938 0 16043 PATRICK A MCILHERAN DIRECTOR OF POLICY 40.00 X 119025 0 8094 ANGELA SMITH EXECUTIVE VICE PRESIDENT 40.00 X 112600 0 12712 484563 0 36849 3 0 1 0 0 33500 1059687 5386 1093187 65637 65637 1103587 928202 175385 175385 175385 25696 33500 23741 1955 1955 CREDIT CARDS REWARDS 900099 680 680 680 1336844 680 0 242977 252936 139115 63234 50587 366341 219582 79522 67237 22933 13784 4953 4196 21888 12695 5034 4159 42059 24394 9674 7991 15310 15310 33577 33577 28848 28848 350 350 127727 67004 36760 23963 37717 11315 24516 1886 99312 99312 63096 36596 14512 11988 14306 12160 2146 3427 3084 343 2590 2590 12373 12373 OUTREACH EXPENSE 84437 54089 30348 RESEARCH FEES 61641 61641 12582 12582 1303450 783619 314987 204844 478828 78623 1767 8460 110960 459299 4279 18279 20616 18868 4338 1748 2520328 2798418 237115 187805 3357615 3552632 5704 13120 239120 194307 244824 207427 X 1920351 1696410 1192440 1648795 3112791 3345205 3357615 3552632 33394 199020 0 X 0 1 X 0 0 X 941424 1081544 1102059 1365022 1093187 5583236 941424 1081544 1102059 1365022 1093187 5583236 2073384 3509852 38674 22282 22572 36832 65637 185997 3834 680 4514 5773747 23810 0.60790 0.57400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 3,834. 2023 AMOUNT: $ 680. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3981 24867 28848 1069758 1098606 184861 46215 0 0 1842 150846 154251 184861 491800 737700 9209 7142 6778 28848 51977 461 37712 38563 46215 122951 184427 3981 3981 1058981 181480 64299 1176162 1219290 -82585 77724 1058981 1232663 49403 62776 1219290 904132 389182 60651 1232663 1031800 -66168 61500 904132 0.00000 0.00000 1.00000 0 0 20616 18868 1748 1748 EQUITIES 1665718 F BOND FUNDS 1126773 F STOCKS 5927 F 2798418 SECURITY DEPOSIT 2607 ROU ASSET 185198 187805 1540514 199020 5000 204020 1336494 350 350 1336844 1308100 5000 5000 1303100 350 350 1303450 PART V, LINE 4: ENDOWMENT ACCOUNT WAS CREATED TO PROVIDE A CONSISTENT SOURCE OF FUNDING TO SPECIFIC PROGRAMS. FUNDS CAN ONLY BE APPLIED TO SPECIFIC PROGRAM EXPENSES IN ACCORDANCE WITH THE DONOR PROVISIONS. ANNUAL DINNER 59196 33500 25696 6163 12970 750 3858 59196 33500 25696 6163 12970 750 3858 23741 1955 X X 0 0 0 0 0 0 0 1 0 MIKE NICHOLS PRESIDENT 236832 0 16106 0 0 0 16043 0 0 0 268981 0 0 0 PART I, LINE 7 BOTH THE PRESIDENT AND EVP RECEIVED BONUSES TIED TO PERFORMANCE, BUT NOT TO REVENUES. FORM 990, PART III, LINE 4A THE ORGANIZATION RESEARCHES PUBLIC POLICY IN THE STATE OF WISCONSIN AND PREPARES REPORTS AND MAGAZINES WHICH ARE DISTRIBUTED TO THE MEDIA, STATE LEGISLATURE, AND OTHER INTERESTED PARTIES DURING THE FISCAL YEAR. THE ORGANIZATION PRODUCED DOZENS OF ARTICLES, SHORT POLICY BRIEFS AND WHITE PAPERS. THE ORGANIZATION ALSO MAINTAINS A WEBSITE WHICH INCLUDES ALL PUBLICATIONS, COMMENTARY, AND CONTENT THAT HAS BEEN IN THE MEDIA, WWW.BADGERINSTITUTE.ORG. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD MEMBERS ARE GIVEN A COPY OF THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C WE HAVE ALL PERSONS IN POSITIONS OF AUTHORITY - BOARD MEMBERS AND EMPLOYEES - REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. ANYTHING DISCLOSED IS REVIEWED BY THE CHAIRMAN, VICE-CHAIR, TREASURER, AND PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT IS GIVEN OBJECTIVES ANNUALLY AND REVIEWED BY THE BOARD OF DIRECTORS AT THE END OF THE FISCAL YEAR. THE BOARD OF DIRECTORS REVIEWS COMPENSATION, DISCUSSES ANY CHANGES, AND THE CHAIRMAN OF THE BOARD COMMUNICATES WITH THE PRESIDENT. EACH EMPLOYEE RECEIVES AN ANNUAL REVIEW AT THE END OF THE FISCAL YEAR. DIRECT SUPERVISORS, ALONG WITH THE PRESIDENT DISCUSS PERFORMANCE AND COMPENSATION. THE EMPLOYEE IS INVITED TO AN IN-PERSON REVIEW WHICH IS FOLLOWED UP WITH A WRITTEN SUMMARY OF THE CONVERSATION. ONCE THE EMPLOYEE APPROVES/SIGNS THE SUMMARY AND COMPENSATION IT IS FILED IN THEIR PERSONNEL FILE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 CURRENTLY THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE PUBLIC DISCLOSURE OF THESE DOCUMENTS IS NOT REQUIRED BY THE INTERNAL REVENUE CODE. THE ORGANIZATION'S FINANCIAL INFORMATION IS DISCLOSED ON THIS FORM 990.