Nonprofit · EIN 46-3516056
JANESVILLE INNOVATION INC
Tax-exempt · JANESVILLE, WI 53547
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $146,960 | $129,043 | $17,917 | $10,892 | $112,897 | -$102,005 |
| December 31, 2023 | 990 | $139,845 | $120,959 | $18,886 | $11,033 | $130,955 | -$119,922 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $146,960
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,812
- Occupancy
- $31,959
- Program services (functional)
- $122,388
- Management and general (functional)
- $6,655
Balance sheet and other
- Total assets, start of year
- $11,033
- Total assets, end of year
- $10,892
- Total liabilities, end of year
- $112,897
- Net assets, end of year
- -$102,005
- Net assets without donor restrictions
- -$102,005
- Gross receipts
- $146,960
- Employees
- 0
- Volunteers
- 16
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN LAHNER | DIRECTOR Trustee or director | 1 | $0 | $248,305 | $23,260 |
| JIMSI KUBORN | BOARD SECRETARY Trustee or director | 1 | $0 | $121,232 | $17,255 |
| JAMES OTTERSTEIN | BOARD PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| MARK GREGORY | BOARD VICE-PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| ANGELA PAKES | DIRECTOR (THROUGH 02/2024) Trustee or director | 1 | $0 | $0 | $0 |
| BRUCE KEPNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVE MARSHICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIN CURIER | DIRECTOR (THROUGH 11/2024) Trustee or director | 1 | $0 | $0 | $0 |
| JON BALLARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN KAUFMAN | DIRECTOR (THROUGH 9/2024) Trustee or director | 1 | $0 | $0 | $0 |
| LARRY SQUIRE | DIRECTOR (NEW MAY 2024) Trustee or director | 1 | $0 | $0 | $0 |
| OAKLEIGH RYAN | DIRECTOR (THROUGH 6/2024) Trustee or director | 1 | $0 | $0 | $0 |
| PATRICIA CLAUSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RON CHISHOLM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHAR HERMANSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAUNA EL-AMIN | DIRECTOR Trustee or director | 1 | $0 |
| STEVE WERNER | DIRECTOR Trustee or director | 1 | $0 |
| TRACY PIERNER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVIN LAHNER | DIRECTOR Trustee or director | 1 | $0 | $149,801 | $0 |
| JIMSI KUBORN | DIRECTOR Trustee or director | 1 | $0 | $104,672 | $14,898 |
| JAMES OTTERSTEIN | PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| MARK GREGORY | VICE PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| ANGELA PAKES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRUCE KEPNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID MARSHICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TRACY PIERNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TRICIA CLASEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIN CURRIER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JON BALLARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN KAUFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHAUNA EL-AMIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVE WERNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5005, JANESVILLE, WI 53547-5005
- Principal officer (990 for 2024)
- JAMES OTTERSTEIN, 18 N JACKSON STREET PO BOX 5005, JANESVILLE, WI 535475005
- Signed the 990
- JIMSI KUBORN, SECRETARY/TREASURER
- Phone
- (608) 755-3059
- Website
- WWW.JANESVILLEINNOVATION.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE CORPORATION'S ACTIVITIES ARE INTENDED TO PROVIDE AN OPPORTUNITY TO SMALLER, LOCALLY OWNED ENTREPRENEURIAL FIRMS TO BE NURTURED THROUGH THEIR FORMATIVE YEARS. RECRUITING AND ASSISTING THESE BUSINESSES, WITH HIGH POTENTIAL FOR GROWTH, EQUATES TO INCREASING JOB OPPORTUNITIES FOR UNEMPLOYED AND UNDEREMPLOYED JANESVILLE AREA RESIDENTS. THE CORPORATION'S PRINCIPAL SERVICE AREA IS THE CITY OF JANESVILLE, WHICH HAS MET THE ECONOMIC DISTRESS CRITERIA AS ESTABLISHED BY THE UNITED STATES DEPT. OF COMMERCE, ECONOMIC DEVELOPMENT ASSOCIATION. ECONOMIC CONDITIONS IN THIS AREA INCLUDE HIGHER UNEMPLOYMENT RATES THAN OTHER SECTIONS OF THE COUNTRY, LOW PER CAPITA INCOME, AN UNUSUALLY HIGH NUMBER OF PLANT CLOSINGS AND A SIGNIFICANT NUMBER OF LOST MANUFACTURING JOBS.
Program accomplishments
- ECONOMIC DEVELOPMENTExpenses $122,388 · revenue $146,960
- ROCK COUNTY ENTREPRENEURIAL BUSINESS DEVELOPMENT PROGRAM - PROMOTE ENTREPRENEURIAL EDUCATION, MENTORSHIP AND TRAINING; AND BUSINESS DEVELOPMENT AND FINANCIAL SERVICES.
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 | Not 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
- 46-3516056
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $10,892
- Income (IRS master file)
- $146,960
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $146,960 | $129,043 | $10,892 | IRS |
| 990 | December 2023 | $139,845 | $120,959 | $11,033 | XML |
| 990 | December 2022 | $171,471 | $193,314 | $19,949 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 46-3516056).
Questions about JANESVILLE INNOVATION INC
- What is the EIN of JANESVILLE INNOVATION INC?
- The employer identification number (EIN) of JANESVILLE INNOVATION INC is 46-3516056.
- Is JANESVILLE INNOVATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to JANESVILLE INNOVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JANESVILLE INNOVATION 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 JANESVILLE INNOVATION 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 JANESVILLE INNOVATION 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 JANESVILLE INNOVATION INC?
- The 990 for the year ended December 31, 2024 names JAMES OTTERSTEIN.
- Who are the officers and directors of JANESVILLE INNOVATION INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does JANESVILLE INNOVATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $146,960, expenses of $129,043 and total assets of $10,892 at year end.
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All nonprofits in JANESVILLE · Wisconsin · Community improvement and capacity building