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Nonprofit · EIN 87-1298452

KENOSHA INNOVATION NEIGHBORHOOD INC

Tax-exempt · KENOSHA, WI 53140

Financials

$397K$249K2023$13M$3.8M2024
Revenue Expenses · by fiscal year end
Financials of KENOSHA INNOVATION NEIGHBORHOOD INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$13,044,870$3,765,233$9,279,637$10,101,995$793,455$9,308,540
December 31, 2023990$397,495$249,129$148,366$1,420,006$1,391,103$28,903
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$12,516,746
of which government grants
$12,470,746
Program service revenue
$280
Investment income
$136,096
Other revenue
$391,748

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$151,456
Salaries, compensation and benefits (total)
$192,966
Professional fundraising fees
$0
Legal fees
$112,899
Accounting fees
$49,139
Occupancy
$6,090
Travel
$2,012
Program services (functional)
$3,611,498
Management and general (functional)
$153,735

Balance sheet and other

Total assets, start of year
$1,420,006
Total assets, end of year
$10,101,995
Total liabilities, end of year
$793,455
Net assets, end of year
$9,308,540
Net assets without donor restrictions
$211,279
Net assets with donor restrictions
$9,097,261
Gross receipts
$13,044,870
Employees
1
Volunteers
30
Year formed
2021
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KELLY ARMSTRONGPresident
Officer
50$151,456
TIM CASEYDirector
Trustee or director
5$0
ANTHONY JEFFERSONDirector
Trustee or director
5$0
IAIN BOYDDirector
Trustee or director
5$0
DR LYNN AKEYDirector
Trustee or director
5$0
JOHN ANTARAMIANDirector
Trustee or director
5$0
MICHAEL KOPPERDirector
Trustee or director
0$0
TIM MAHONEDirector
Trustee or director
0$0
MISSY HUGHESDirector
Trustee or director
4$0
WES SABERDirector
Trustee or director
4$0
VICKY ARROYODirector
Trustee or director
4$0
RITU RAJUDirector
Trustee or director
4$0
MARK FEDYKVice President
Officer
5$0
ARTHUR HARRINGTONChairman
Officer
5$0
AARON TOWNSSecretary
Officer
5$0
1 more people on this return
NameTitleHours / weekCompensation
NICOLE RYFTreasurer
Officer
5$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
VICKY ARROYODirector
Trustee or director
4$0
TIM CASEYDirector
Trustee or director
4$0
ANTHONY JEFFERSONDirector
Trustee or director
0$0
IAIN BOYDDirector
Trustee or director
4$0
DEBRA FORD PHDDirector
Trustee or director
4$0
RITU RAJU PHDDirector
Trustee or director
4$0
TIM MAHONEChairman
Officer
4$0
MARK FEDYKVice President
Officer
4$0
ARTHUR HARRINGTONSecretary
Officer
4$0
WES SABERTreasurer
Officer
4$0

Address and contacts

Address (IRS master file)
5522 26TH AVE, KENOSHA, WI 53140-5626
Principal officer (990 for 2024)
KELLY ARMSTRONG, 5522 26TH AVE, KENOSHA, WI 53140
Signed the 990
KELLY ARMSTRONG, President
Return prepared by
Andrea & Orendorff

Mission

KIN will redefine the 107 acre former Kenosha Chrysler Plant site into a special innovation district that creates opportunities for Kenoshans to stay in Kenosha is inclusive of all individuals and the surrounding neighborhoods and the broader community creates a regional destination that offers competitive experience to other urban markets supports the recovery and development of sustainable and resilient surrounding neighborhoods.

990 for the year ended December 31, 2024

Program accomplishments

  • KIN is redefining the 107 acre former Kenosha Chrysler Plant site into a special innovation district that creates opportunities for Kenoshans to stay in Kenosha is inclusive of all individuals and the surrounding neighborhoods and the broader community creates a regional destination that offers competitive experience to other urban markets supports the recovery and development of sustainable and resilient surrounding neighborhoods.
    Expenses $3,611,498 · revenue $280

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-1298452
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,101,995
Income (IRS master file)
$13,044,870

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$13,044,870$3,765,233$10,101,995XML
990December 2023$397,495$249,129$1,420,006XML

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 87-1298452).

Questions about KENOSHA INNOVATION NEIGHBORHOOD INC

What is the EIN of KENOSHA INNOVATION NEIGHBORHOOD INC?
The employer identification number (EIN) of KENOSHA INNOVATION NEIGHBORHOOD INC is 87-1298452.
Is KENOSHA INNOVATION NEIGHBORHOOD INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to KENOSHA INNOVATION NEIGHBORHOOD INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KENOSHA INNOVATION NEIGHBORHOOD INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of KENOSHA INNOVATION NEIGHBORHOOD INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KENOSHA INNOVATION NEIGHBORHOOD INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of KENOSHA INNOVATION NEIGHBORHOOD INC?
The 990 for the year ended December 31, 2024 names KELLY ARMSTRONG.
Who are the officers and directors of KENOSHA INNOVATION NEIGHBORHOOD INC?
The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $151,456 (KELLY ARMSTRONG, President).
How much revenue does KENOSHA INNOVATION NEIGHBORHOOD INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $13,044,870, expenses of $3,765,233 and total assets of $10,101,995 at year end.

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