Nonprofit · EIN 83-2278676
ISTHMUS PROJECT INC
Tax-exempt · MADISON, WI 53792
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,015 | $722,025 | -$707,010 | $3,783,716 | $64,653 | $3,719,063 |
| June 30, 2024 | 990 | $15,090 | $815,195 | -$800,105 | $2,510,345 | $84,272 | $2,426,073 |
| June 30, 2023 | 990 | $388,813 | $816,376 | -$427,563 | $2,325,504 | $99,326 | $2,226,178 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $15,015
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $580,819
- Salaries, compensation and benefits (total)
- $686,909
- Professional fundraising fees
- $0
- Accounting fees
- $3,539
- Travel
- $5,392
- Depreciation
- $5,356
- Program services (functional)
- $718,486
- Management and general (functional)
- $3,539
Balance sheet and other
- Total assets, start of year
- $2,510,345
- Total assets, end of year
- $3,783,716
- Total liabilities, end of year
- $64,653
- Net assets, end of year
- $3,719,063
- Land, buildings and equipment
- $10,425
- Net assets without donor restrictions
- $3,719,063
- Gross receipts
- $15,015
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2018
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kelly Wilson JD MBA | Secretary Trustee or director, Officer | 2 | $0 | $1,600,152 | $191,175 |
| Cherodeep Goswami | Director Trustee or director | 2 | $0 | $1,213,141 | $99,198 |
| Thomas Grist MD | Director Trustee or director | 2 | $0 | $838,461 | $70,409 |
| Beth Drolet MD | Director Trustee or director | 2 | $0 | $681,163 | $69,055 |
| Manish Shah MD MPH | Director Trustee or director | 2 | $0 | $708,936 | $423 |
| Brian Pogue MD | Director Trustee or director | 2 | $0 | $386,333 | $75,990 |
| Anjon Jon Audhya PhD | Treasurer Trustee or director, Officer | 2 | $0 | $398,636 | $63,418 |
| Elizabeth Hagerman PhD | President/Chief Innovation Officer Trustee or director, Officer | 40 | $0 | $368,249 | $40,250 |
| Kurt Zimmerman | Vice President Officer | 2 | $0 | $208,778 | $30,965 |
| Scott Button | Director Trustee or director | 2 | $0 | $0 | $0 |
| David Casimir JD PhD | Director Trustee or director | 2 | $0 | $0 | $0 |
| Thomas Rock Mackie PhD | Chair Trustee or director | 2 | $0 | $0 | $0 |
| Michael Partsch | Director Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kelly Wilson JD MBA | Secretary Trustee or director, Officer | 2 | $0 | $1,026,186 | $182,678 |
| Thomas Grist MD | Director Trustee or director | 2 | $0 | $899,360 | $67,428 |
| Cherodeep Goswami | Director Trustee or director | 2 | $0 | $767,767 | $93,344 |
| Beth Drolet MD | Director Trustee or director | 2 | $0 | $667,681 | $66,055 |
| Manish Shah MD MPH | Director Trustee or director | 2 | $0 | $718,792 | $55 |
| Brian Pogue MD | Director Trustee or director | 2 | $0 | $358,538 | $40,117 |
| Elizabeth Hagerman PhD | President/Chief Innovation Officer Trustee or director, Officer | 40 | $0 | $350,827 | $38,145 |
| Anjon Jon Audhya PhD | Treasurer Trustee or director, Officer | 2 | $0 | $345,368 | $31,920 |
| Kurt Zimmerman | Vice President Officer | 2 | $0 | $189,385 | $12,676 |
| Scott Button | Director Trustee or director | 2 | $0 | $0 | $0 |
| David Casimir JD PhD | Director Trustee or director | 2 | $0 | $0 | $0 |
| Thomas Rock Mackie PhD | Chair Trustee or director | 2 | $0 | $0 | $0 |
| Michael Partsch | Director Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kelly Wilson JD MBA | Secretary Trustee or director, Officer | 2 | $0 | $915,327 | $150,325 |
| Thomas Grist MD | Director Trustee or director | 2 | $0 | $854,460 | $62,436 |
| Cherodeep Goswami | Director Trustee or director | 2 | $0 | $740,364 | $30,284 |
| Beth Drolet MD | Director Trustee or director | 2 | $0 | $662,687 | $61,063 |
| Elizabeth Burnside-Rollins MD MPH | Director (until 6/30/23) Trustee or director | 2 | $0 | $581,824 | $62,436 |
| Manish Shah MD MPH | Director Trustee or director | 2 | $0 | $489,553 | $63 |
| Elizabeth Hagerman PhD | President/Chief Innovation Officer Trustee or director, Officer | 40 | $0 | $341,228 | $34,380 |
| Anjon Jon Audhya PhD | Treasurer (as of 07/1/22) Trustee or director, Officer | 2 | $0 | $324,918 | $30,885 |
| Kurt Zimmerman | Vice President Officer | 2 | $0 | $168,467 | $13,742 |
| Scott Button | Director Trustee or director | 2 | $0 | $0 | $0 |
| David Casimir JD PhD | Director Trustee or director | 2 | $0 | $0 | $0 |
| George Kamperschroer | Director (until 6/30/23) Trustee or director | 2 | $0 | $0 | $0 |
| Thomas Rock Mackie PhD | Chair Trustee or director | 2 | $0 | $0 | $0 |
| Michael Partsch | Director Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 HIGHLAND AVE, MADISON, WI 53792-0001
- Principal officer (990 for 2024)
- Elizabeth Hagerman PHD, 600 Highland Ave, Madison, WI 53792
- Signed the 990
- Jodilynn Vitello, VP of Finance
- Phone
- (608) 504-4636
- Website
- www.isthmusproject.com
- Return prepared by
- RSM US LLP
Mission
The Corporation is organized and shall be operated exclusively to support the missions of the University of Wisconsin Hospitals and Clinics Authority, University of Wisconsin Medical Foundation, and the University of Wisconsin School of Medicine and Public Health by Facilitating the development and translation of innovations and useful technology developed at UW Health and the University of Wisconsin, including in collaboration with other research institutions and partners, to improve health and healthcare by preventing and alleviating the effects of disease.
Program accomplishments
- The Isthmus Project was founded with the intent to support Healthcare Innovation arising from our own ecosystem, including innovators from UW Health and UW School of Medicine and Public Health. Services the Isthmus Project offers include:1) Helping connect innovators to additional development resources including mentors, potential customers, funders, as well as engineering and IP services.2) Providing mentorship on technical development and business planning including market assessment and company valuation.Funding options and support including UW Health funding.Expenses $718,486 · revenue $15,015
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 83-2278676
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Medical research (H99)
- Assets (IRS master file)
- $3,783,716
- Income (IRS master file)
- $15,015
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,015 | $722,025 | $3,783,716 | XML |
| 990 | June 2024 | $15,090 | $815,195 | $2,510,345 | IRS |
| 990 | June 2023 | $388,813 | $816,376 | $2,325,504 | XML |
| 990 | June 2022 | $75,000 | $576,005 | $722,797 | IRS |
| 990 | June 2021 | – | – | – | 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 83-2278676).
Questions about ISTHMUS PROJECT INC
- What is the EIN of ISTHMUS PROJECT INC?
- The employer identification number (EIN) of ISTHMUS PROJECT INC is 83-2278676.
- Is ISTHMUS PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to ISTHMUS PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ISTHMUS PROJECT INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ISTHMUS PROJECT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ISTHMUS PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ISTHMUS PROJECT INC?
- The 990 for the year ended June 30, 2025 names Elizabeth Hagerman PHD.
- Who are the officers and directors of ISTHMUS PROJECT INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does ISTHMUS PROJECT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,015, expenses of $722,025 and total assets of $3,783,716 at year end.
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