Nonprofit · EIN 26-0724304
5 LAKES INSTITUTE INC
Tax-exempt · MILWAUKEE, WI 53226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990 | $26,471 | $125,014 | -$98,543 | $51,329 | $0 | $51,329 |
| March 31, 2025 | 990 | $158,500 | $120,834 | $37,666 | $149,872 | $0 | $149,872 |
| March 31, 2024 | 990 | $410,500 | $399,084 | $11,416 | $116,413 | $4,207 | $112,206 |
Financial details: 990 for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $22,000
- Program service revenue
- $4,471
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $87,400
- Salaries, compensation and benefits (total)
- $97,141
- Professional fundraising fees
- $0
- Legal fees
- $2,981
- Accounting fees
- $4,323
- Occupancy
- $6,013
- Program services (functional)
- $87,508
- Management and general (functional)
- $18,753
- Fundraising (functional)
- $18,753
Balance sheet and other
- Total assets, start of year
- $149,872
- Total assets, end of year
- $51,329
- Total liabilities, end of year
- $0
- Net assets, end of year
- $51,329
- Net assets without donor restrictions
- $51,302
- Net assets with donor restrictions
- $27
- Gross receipts
- $26,471
- Employees
- 1
- Volunteers
- 60
- Year formed
- 2007
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN GALLAGHER | EXECUTIVE DI Trustee or director | 40 | $87,400 |
| JOHN BYRNES | VICE CHAIRMA Trustee or director, Officer | 4 | $0 |
| MARK EHRMANN | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| DAVID VASKO | BOARD MEMBER Trustee or director | 2 | $0 |
| KYLE CRUM | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM HONAKER | BOARD MEMBER Trustee or director | 5 | $0 |
| KATHY HUST | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN BRODERICK | BOARD MEMBER Trustee or director | 1 | $0 |
| GORDON NAMENI | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended March 31, 2025: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN GALLAGHER | EXECUTIVE DI Trustee or director | 40 | $87,400 |
| JOHN BYRNES | CHAIRMAN Trustee or director, Officer | 10 | $0 |
| MARK EHRMANN | SECRETARY Trustee or director, Officer | 2 | $0 |
| RANDALL KIRK | BOARD MEMBER Trustee or director | 1 | $0 |
| KYLE CRUM | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM HONAKER | BOARD MEMBER Trustee or director | 5 | $0 |
| KATHY HUST | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN BRODERICK | BOARD MEMBER Trustee or director | 1 | $0 |
| GORDON NAMENI | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN GALLAGHER | EXECUTIVE DI Trustee or director | 40 | $92,400 |
| JOHN BYRNES | CHAIRMAN Trustee or director, Officer | 10 | $0 |
| MARK EHRMANN | SECRETARY Trustee or director, Officer | 2 | $0 |
| RANDALL KIRK | BOARD MEMBER Trustee or director | 1 | $0 |
| KYLE CRUM | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM HONAKER | BOARD MEMBER Trustee or director | 5 | $0 |
| KATHY HUST | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN BRODERICK | BOARD MEMBER Trustee or director | 1 | $0 |
| GORDON NAMENI | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 10437 W INNOVATION DR STE 104, MILWAUKEE, WI 53226-4839
- In care of
- % JOHN T BYRNES
- Principal officer (990 for 2025)
- KATHLEEN GALLAGHER, 10437 W INNOVATION DR 104, MILWAUKEE, WI 53226
- Signed the 990
- KATHLEEN GALLAGHER, EXECUTIVE DIRECTOR
- Phone
- (414) 269-8330
- Return prepared by
- BELT ACCOUNTING AND TAX LLC
Mission
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.
Program accomplishments
- SUCCESSFULLY ORGANIZED IN PARTNERSHIP WITH MIDWEST RESEARCH UNIVERSITY NETWORK (MRUN)SIX VIRTUAL PROGRAMS THAT: FAACILITATED NEARLY 600 ONE-ON-ONE MEETINGS BETWEEN REGIONAL RESEARCH ORGANIZATIONS AND INVESTORS. ATTRACTED OVER 325 KEY PEOPLE FROM COMPANIES, VENTURE CAPITAL FIRMS, UNIVERSITIES,AND GOVERNMENT TO LEARN FROM OUR PROGRAMMING. EDUCATED OUR COALITION MEMBERS ABOUT INNOVATION RESOURCES AT 11 ORGANIZATIONS FROM TEN DIFFERENT AREAS OF OUR REGION. PRODUCED THREE NEWSLETTERS TO UPDATE/EDUCATE OUR COALITION ABOUT REGIONAL INNOVATION IN THE FOOD & AG TECH, ENERGY-INDUSTRIAL AND HUMAN HEALTH AREAS. SUPPORTED THE EXECUTIVE DIRECTORS COLUMNS FOR THE MILWAUKEE JOURNAL SENTINEL TO EDUCATE ABOUT TECHNOLOGY AND INNOVATION ISSUES IN THE GREAT LAKES REGION. SUPPORTED SEASON 5 AND 5 OF THE EXECUTIVE DIRECTORS MIDWEST MOXIE PROGRAM (AVAILABLE AT WUWM AND PODCAST PLATFORMS), WHICH HIGHLIGHTS SUCCESSFUL FOUNDERS IN THE REGION AND PROVIDES EDUCATIONAL OPPORTUNITIES FOR EMERGING ENTREPRENEURS. DEVELOPED AND DEPLOYED EDUCATIONAL AND ECOSYSTEM-BUILDING INITIATIVES AROUND THE REGION'S STRENGTH IN FUSION ENERGY: FORMEED THE WISCONSIN FUSION ENERGY COALITION PARTNERED WITH FUSIONX TO HOLD A ONE-DAY CONFERENCE (150+ ATTENDEES) IN CHICAGO HELD GREAT LAKES FUSION ENERGY SUMMIT AND MIXER (NEARLY 200 ATTENDEES) IN MADISON, WI FORMED THE GREAT LAKES FUSION ENERGY ALLIANCEExpenses $87,508 · revenue $26,471
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990 on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 26-0724304
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- March
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Science and technology (U200)
- Assets (IRS master file)
- $51,329
- Income (IRS master file)
- $26,471
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2026 | $26,471 | $125,014 | $51,329 | XML |
| 990 | March 2025 | $158,500 | $120,834 | $149,872 | XML |
| 990 | March 2024 | $410,500 | $399,084 | $116,413 | XML |
| 990 | March 2023 | $162,000 | $122,895 | $100,790 | IRS |
| 990 | March 2022 | $176,000 | $297,587 | $65,088 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-0724304).
Questions about 5 LAKES INSTITUTE INC
- What is the EIN of 5 LAKES INSTITUTE INC?
- The employer identification number (EIN) of 5 LAKES INSTITUTE INC is 26-0724304.
- Is 5 LAKES INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to 5 LAKES INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 5 LAKES INSTITUTE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of 5 LAKES INSTITUTE INC due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 5 LAKES INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2026.
- Who is the principal officer of 5 LAKES INSTITUTE INC?
- The 990 for the year ended March 31, 2026 names KATHLEEN GALLAGHER.
- Who are the officers and directors of 5 LAKES INSTITUTE INC?
- The 990 for the year ended March 31, 2026 lists 9 people; 1 received compensation from the organization, the highest $87,400 (KATHLEEN GALLAGHER, EXECUTIVE DI).
- How much revenue does 5 LAKES INSTITUTE INC have?
- On its 990 for the year ended March 31, 2026 it reported revenue of $26,471, expenses of $125,014 and total assets of $51,329 at year end.
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