2026-08-14T13:14:26-05:00 2026-03-31 410746749 CLIFTONLARSONALLEN LLP 10401 W INNOVATION DR STE 300 WAUWATOSA WI 53226 990 2025-04-01 391592727 BADGER INSTITUTE INC BADG 4142259940 700 W VIRGINIA ST 301 MILWAUKEE WI 53204 MIKE NICHOLS PRESIDENT 4142259940 2026-08-14 1 KRISTEN DONLEVY P01670215 4144761880 2026-08-14 2025 2025-03-06 01:10:19Z MIKE NICHOLS 700 W VIRGINIA ST 301 MILWAUKEE WI 53204 836063 0 X WWW.BADGERINSTITUTE.ORG X 1987 WI PUBLIC POLICY RESEARCH. 9 9 5 0 0 0 818760 779538 0 0 72148 56525 -23590 0 867318 836063 0 0 0 0 714240 614418 0 0 126167 487110 493479 1201350 1107897 -334032 -271834 3298040 3277656 179955 136783 3118085 3140873 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 782364 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 ON A WIDE VARIETY OF TOPICS. THE ORGANIZATION ALSO MAINTAINS A WEBSITE WHICH INCLUDES ALL PUBLICATIONS, COMMENTARY, AND CONTENT THAT HAS BEEN IN THE MEDIA, WWW.BADGERINSTITUTE.ORG. TOPICS ARE WIDE-RANGING AND MAY VARY BUT WE HAVE ADDED NO NEW, ENTIRE PROGRAMS. 782364 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 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 0 0 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X MIKE NICHOLS 2623898239 700 W VIRGINIA ST STE 301 MILWAUKEE WI 53204 AVE BIE TREASURER, OFFICER & DIRECTOR 1.00 X X 0 0 0 JASON KOHOUT OFFICER & DIRECTOR 1.00 X X 0 0 0 COREY HOZE DIRECTOR 1.00 X 0 0 0 ELLEN NOWAK CHAIR, OFFICER & DIRECTOR 1.00 X X 0 0 0 MATT ROWE OFFICER & DIRECTOR 1.00 X X 0 0 0 NICHOLAS BAUER DIRECTOR 1.00 X 0 0 0 SHANNON WHITWORTH DIRECTOR 1.00 X 0 0 0 SHANNON SWEEK DIRECTOR 1.00 X 0 0 0 ROBERT DOAR DIRECTOR 1.00 X 0 0 0 LISA MAUER DIRECTOR 1.00 X X 0 0 0 MIKE NICHOLS PRESIDENT 40.00 X 234835 0 15969 PATRICK A MCILHERAN DIRECTOR OF POLICY 40.00 X 125683 0 8546 360518 0 24515 2 0 1 0 0 779538 779538 56525 56525 836063 0 0 56525 528878 407236 74043 47599 48445 37303 6782 4360 37095 28563 5193 3339 2100 2100 32495 32495 80000 80000 61018 5226 27763 28029 96127 96127 26347 7904 17126 1317 68678 52882 9615 6181 9079 7717 1362 150 135 15 11567 11567 OUTREACH EXPENSE 67930 33965 33965 LOSS ON UNCOLLECTIBLE P 19757 19757 MISCELLANEOUS 12682 12682 RESEARCH FEES 5549 5549 1107897 782364 199366 126167 216633 143923 8933 77862 75511 18803 13910 20616 20616 0 0 2821412 2926492 154397 117820 3298040 3277656 8260 1966 171695 134817 179955 136783 X 1857473 1809845 1260612 1331028 3118085 3140873 3298040 3277656 -271834 294622 0 X 0 1 X 1 0 X 1102059 1365022 1093187 818760 779538 5158566 1102059 1365022 1093187 818760 779538 5158566 1631656 3526910 22572 36832 65637 72148 56525 253714 3834 680 4514 5416794 0.65110 0.62540 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 0 21000 21000 741607 762607 139391 34848 0 0 154251 184861 138845 139391 617348 926022 6778 28848 36313 21000 92939 38563 46215 34711 34848 154337 231506 3981 15208 19189 1182750 146974 74207 1255517 1176162 75239 68651 1182750 1058981 181480 64299 1176162 1219290 -82585 77724 1058981 1232663 49403 62776 1219290 0.20359 0.79640 0 0 20616 20616 0 0 BOND FUNDS 1255517 F EQUITIES 1670975 F 2926492 1135685 294622 5000 299622 836063 0 836063 1112897 5000 5000 1107897 0 1107897 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. X X 0 0 0 0 0 0 0 0 0 MIKE NICHOLS PRESIDENT 234835 0 0 0 0 0 0 0 15969 0 250804 0 0 0 PART I, LINE 3 THE BOARD ANNUALLY REVIEW OBJECTIVES AND ACCOMPLISHMENTS AND DETERMINES THE LEVEL OF ANY RAISE AND/OR BONUS. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE BOARD OF DIRECTORS ARE GIVEN A COPY FOR REVIEW. 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 2025. 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.