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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>5 LAKES INSTITUTE IS A CURATED NETWORK OF ENTREPRENEURS, RESEARCH ORGANIZATIONS, INVESTORS, AND BUSINESS AND GOVERNMENT LEADERS THAT DRIVES AND AMPLIFIES DIVERSE AND INCLUSIVE TECH-ENABLED GDP GROWTH IN THE MIDWEST AND GREAT LAKES REGION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4A</FormAndLineReferenceDesc>
        <ExplanationTxt>-SUCCESSFULLY ORGANIZED SEVEN VIRTUAL PROGRAMS IN PARTNERSHIP WITH MIDWEST RESEARCH UNIVERSITY NETWORK (MRUN) THAT FACILITATED NEARLY 600 ONE-ON-ONE MEETINGS BETWEEN REGIONAL RESEARCH ORGANIZATIONS AND INVESTORS AND HIGHLIGHTED REGIONAL RESOURCES. -ATTRACTED OVER 300 KEY PEOPLE FROM COMPANIES, VENTURE CAPITAL FIRMS, UNIVERSITIES AND GOVERNMENT TO OUR PROGRAMMING. -LAUNCHED A NEWSLETTER TO ENHANCE OUR ENGAGE WITH STAKEHOLDERS ACROSS THE REGION, WITH A FOCUS ON FOUR VERTICALS: COMPUTING; ENERGY/INDUSTRIAL; FOOD &amp; AG TECH AND HUMAN HEALTH. -HIGHLIGHTED EXCITING INITIATIVES IN OUR REGION INCLUDING: MEDICAL ALLEY (MINNEAPOLIS); PORTAL INNOVATIONS (CHICAGO); ROCKWELL AUTOMATIONS (MILWAUKEE) AND ITS REGENERATIVE MEDICINE EFFORTS; THE IMPACT OF INTEL'S MASSIVE INVESTMENT IN OHIO; CARNEGIE MELLON (PITTSBURGH) AND ITS WORK ON AI POLICY, ARGONNE LAB (CHICAGO) AND ITS CHAIN REACTION INNOVATION, NEW LAB DETROIT; AND ACTIVATE ANYWHERE'S SUPPORT FOR SCIENCE ENTREPRENEURS. -CONTINUED TO WORK ON SECURING FUNDING AROUND OUR PROGRAMMING. -SUPPORTED THE EXECUTIVE DIRECTOR'S EFFORTS TO WRITE COLUMNS FOR THE MILWAUKEE JOURNAL SENTINEL ABOUT TECHNOLOGY AND INNOVATION IN THE MIDWEST/GREAT LAKES REGION. -SUPPORTED THE EXECUTIVE DIRECTOR HOSTING MIDWEST MOXIE, WHICH AIRS ON WUWM AND IS AVAILABLE ON PODCAST PLATFORMS. SEASON 3 OF MIDWEST MOXIE WAS COMPLETED, BRINGING TO MORE THAN 50 THE NUMBER OF HIGH-GROWTH MIDWEST/GREAT LAKES REGION STARTUP FOUNDERS HIGHLIGHTED ON THE SHOW. -WORKED WITH YOUNG ENTERPRISING SOCIETY (YES) TO ENABLE OPERATION OF TWO BLUEPRINT ACCELERATOR PROGRAMS FOR MINORITY-LED STARTUPS, EACH OF WHICH RECEIVED A GRANT UPON COMPLETION AND GOT TO PRESENT AT A DEMO DAY. YES ALSO PROVIDED TECHNICAL ASSISTANCE TO NEARLY 300 INDIVIDUALS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A DRAFT IS PROVIDED TO THE BOARD FOR ITS REVIEW PRIOR TO FILING.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BY-LAWS REQUIRE THAT DIRECTORS NOTIFY THE BOARD OF ANY DUALITY OF INTEREST OR CONFLICT WHENEVER A MATTER IS UNDER CONSIDERATION BY THE BOARD.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION DETERMINED THE LEASED EXECUTIVE DIRECTOR'S COMPENSATION BY REVIEWING COMPENSATION OF MANAGEMENT OFFICIALS IN COMPARABLE ORGANIZATIONS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE TO THE PUBLIC ON REQUEST.</ExplanationTxt>
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