Wisconsin Technology Innovation Initiative Inc
- Assets
- $640.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 12/2013
- Data as of
- 06/2019
- EIN
- 45-5205182
Organization Overview
Wisconsin Technology Innovation Initiative Inc, operating under the name Wi2, is located in Middleton, WI. The organization was established in 2013. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wi2 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE WISCONSIN TECHNOLOGY INNOVATION INITIATIVE, INC. (WI2) IS A PRIVATE, 501(C)(3) CORPORATION COMMITTED TO CULTIVATING AND SUPPORTING INNOVATION. WI2 IS CLOSELY ALIGNED WITH THE UNIVERSITY OF WISCONSIN-MADISON, A GLOBAL LEADER IN LIFE SCIENCE RESEARCH AND TECHNOLOGY DEVELOPMENT. WI2 PROVIDES A FLEXIBLE AND COLLABORATIVE MODEL FOR INVENTORS AND INVESTORS SEEKING TO ADVANCE POTENTIALLY LIFE-SAVING TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WISCONSIN INNOVATION INITIATIVE (WI2) SUPPORTS THE MISSION OF THE UNIVERSITY OF WISCONSIN-MADISON SCHOOL OF MEDICINE AND PUBLIC HEALTH (SMPH) BY DEVELOPING INNOVATIVE THERAPEUTICS TO IMPROVE HUMAN AND ANIMAL HEALTH BY ALLEVIATING THE EFFECTS OF DISEASE. IT ENHANCES THE ABILITY OF THE UNIVERSITY OF WISCONSIN TO EDUCATE STUDENTS IN THE PROCESS OF MEDICAL PRODUCT DEVELOPMENT, PROVIDES INCREASED OPPORTUNITIES FOR OUTREACH BY FACULTY AND STAFF OF SMPH TO USE THEIR SKILLS IN THE PRODUCT DEVELOPMENT PROCESS, AND SUPPORTS THE TRANSITION INTO THE MARKETPLACE OF USEFUL TECHNOLOGY DEVELOPED AT THE UNIVERSITY OF WISCONSIN AND OTHER RESEARCH INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Moss Chief Scientific Officer | OfficerTrustee | 20 | $0 |
Les Turski Chief Medical Officer | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $354 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,559 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $585,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $640,559 |
| Accounts payable and accrued expenses | $577 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $577 |
| Net assets without donor restrictions | $639,982 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $639,982 |
Grants Awarded
Over the last fiscal year, Wisconsin Technology Innovation Initiative Inc has awarded $165,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BRAINXELL INC PURPOSE: GENERAL SUPPORT | $50,000 |
CELLULAR LOGISTICS INC PURPOSE: GENERAL SUPPORT | $50,000 |
AMEBAGONE INC PURPOSE: GENERAL SUPPORT | $35,000 |
STEM PHARM INC PURPOSE: GENERAL SUPPORT | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wisconsin Technology Innovation Initiative Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
University Of Wisconsin Medical Foundation Inc Middleton, WI PURPOSE: SUPPORT FUNCTIONS OF THE ORGANIZATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Two Blades Foundation Evanston, IL | $11,973,096 | $5,910,316 |
University Enterprise Laboratories Inc St Paul, MN | $20,128,966 | $3,892,703 |
Freshwater Society St Paul, MN | $5,721,702 | $1,089,251 |
Center For Humans And Nature Nfp Libertyville, IL | $9,956,278 | $1,296,865 |
American Society For Bioethics And Humanities Chicago, IL | $775,773 | $1,147,764 |
Organization For Human Brain Mapping Inc Roseville, MN | $1,644,281 | $997,465 |
Forward Biolabs Inc Madison, WI | $2,153,879 | $1,288,327 |
American Society Of Agricultural Engineers St Joseph, MI | $4,809,234 | $408,843 |
Mycological Society Of America The Madison, WI | $2,596,407 | $233,916 |
Wisconsin Turfgrass Association Incorporated Verona, WI | $217,016 | $0 |
Institute Of Neuromodulation Chicago, IL | $99,824 | $0 |
Academy Of Clinical Electro Physiology And Wound Mgt Apta Inc La Crosse, WI | $385,391 | $0 |