Nonprofit · EIN 90-1001588
BRIGHTSTAR WISCONSIN FOUNDATION INC
Tax-exempt · MILWAUKEE, WI 53203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | -$239,241 | $408,360 | -$647,601 | $9,102,652 | $5,987 | $9,096,665 |
| December 31, 2024 | 990 | $267,929 | $344,474 | -$76,545 | $9,734,952 | $3,569 | $9,731,383 |
| December 31, 2023 | 990 | $62,273 | $436,848 | -$374,575 | $9,828,444 | $16,316 | $9,812,128 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $195,000
- of which government grants
- $145,000
- Program service revenue
- $0
- Investment income
- -$561,554
- Net gain from sales of assets
- -$610,115
- Other revenue
- $127,313
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $252,126
- Other salaries and wages
- $48,760
- Salaries, compensation and benefits (total)
- $323,817
- Professional fundraising fees
- $0
- Legal fees
- $65
- Accounting fees
- $18,236
- Occupancy
- $18,439
- Travel
- $5,900
- Depreciation
- $1,402
- Program services (functional)
- $217,548
- Management and general (functional)
- $140,556
- Fundraising (functional)
- $50,256
Balance sheet and other
- Total assets, start of year
- $9,734,952
- Total assets, end of year
- $9,102,652
- Total liabilities, end of year
- $5,987
- Net assets, end of year
- $9,096,665
- Land, buildings and equipment
- $943
- Publicly traded securities
- $876,056
- Net assets without donor restrictions
- $9,048,803
- Net assets with donor restrictions
- $47,862
- Gross receipts
- $1,036,622
- Employees
- 2
- Volunteers
- 13
- Year formed
- 2013
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD SOBOTKA | PRESIDENT & CEO Trustee or director, Officer | 40 | $209,938 | $42,188 |
| THOMAS SHANNON | EXECUTIVE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JEFF HARRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL MATOLA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY HANDZLIK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ADAM BERGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK BURISH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAM EVASON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOEY FRAYNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN SHANNON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY SHRAGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD SOBOTKA | EXECUTIVE DIRECTOR Officer | 40 | $175,422 | $32,364 |
| FRED RAASCH | VICE PRESIDENT Officer | 32 | $29,189 | $0 |
| THOMAS SHANNON | EXECUTIVE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JEFF HARRIS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL MATOLA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY HANDZLIK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ADAM BERGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK BURISH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAM EVASON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOEY FRAYNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN SHANNON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY SHRAGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD SOBOTKA | EXECUTIVE DIRECTOR Officer | 40 | $245,716 | $4,285 |
| FRED RAASCH | VICE PRESIDENT Officer | 32 | $76,367 | $0 |
| THOMAS SHANNON | EXECUTIVE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JEFF HARRIS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL MATOLA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY HANDZLIK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ADAM BERGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK BURISH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAM EVASON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOEY FRAYNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN SHANNON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY SHRAGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 710 N PLANKINTON AVE STE 340, MILWAUKEE, WI 53203-2418
- In care of
- % THOMAS M SHANNON
- Principal officer (990 for 2025)
- TODD SOBOTKA, 710 N PLANKINTON AVE 340, MILWAUKEE, WI 53203
- Signed the 990
- TODD SOBOTKA, PRESIDENT & CEO
- Phone
- (414) 224-6000
- Website
- WWW.BRIGHTSTARWI.ORG
- Return prepared by
- RITZ HOLMAN LLP
Mission
BRIGHTSTAR WISCONSIN FOUNDATION ACCEPTS CHARITABLE DONATIONS AS A 501(C)(3) ORGANIZATION AND USES THEM TO TAKE CONVERTIBLE DEBT AND EQUITY POSITIONS IN FOR-PROFIT EARLY-STAGE COMPANIES THAT CREATE JOBS IN WISCONSIN. EARNINGS AND RETURN OF PROCEEDS OF INVESTMENTS WILL BE REINVESTED IN OTHER FOR-PROFIT EARLY-STAGE COMPANIES THAT CREATE JOBS.
Program accomplishments
- PROGRAM INVESTMENTS: ALL PROGRAM INVESTMENTS ARE MADE WITH THE PRIMARY INTENT OF CREATING FAMILY-SUSTAINING JOBS WITHIN THE STATE OF WISCONSIN.Expenses $217,548 · revenue -$482,802
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 90-1001588
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S19)
- Assets (IRS master file)
- $9,102,652
- Income (IRS master file)
- $1,036,622
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | -$239,241 | $408,360 | $9,102,652 | XML |
| 990 | December 2024 | $267,929 | $344,474 | $9,734,952 | XML |
| 990 | December 2023 | $62,273 | $436,848 | $9,828,444 | XML |
| 990 | December 2022 | $94,906 | $382,015 | $10,204,785 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 90-1001588).
Questions about BRIGHTSTAR WISCONSIN FOUNDATION INC
- What is the EIN of BRIGHTSTAR WISCONSIN FOUNDATION INC?
- The employer identification number (EIN) of BRIGHTSTAR WISCONSIN FOUNDATION INC is 90-1001588.
- Is BRIGHTSTAR WISCONSIN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to BRIGHTSTAR WISCONSIN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does BRIGHTSTAR WISCONSIN FOUNDATION 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 BRIGHTSTAR WISCONSIN FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRIGHTSTAR WISCONSIN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BRIGHTSTAR WISCONSIN FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names TODD SOBOTKA.
- Who are the officers and directors of BRIGHTSTAR WISCONSIN FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $209,938 (TODD SOBOTKA, PRESIDENT & CEO).
- How much revenue does BRIGHTSTAR WISCONSIN FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of -$239,241, expenses of $408,360 and total assets of $9,102,652 at year end.
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All nonprofits in MILWAUKEE · Wisconsin · Community improvement and capacity building