Innovation Center Stoughton Inc
- Assets
- $268.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stoughton, WI
- Founding
- Data as of
- 12/2023
- EIN
- 87-2329092
Organization Overview
Innovation Center Stoughton Inc is located in Stoughton, WI. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovation Center Stoughton Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Innovation Center Stoughton Inc generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (71.5%) each year. All expenses for the organization totaled $123.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INNOVATION CENTER STOUGHTON EXPOSES PEOPLE TO WHAT'S POSSIBLE THROUGH COMMUNITY OUTREACH, TECHNICAL AWARENESS, AND BUSINESS INCUBATION AND RESOURCES. THE ORGANIZATION WILL 1) EDUCATE, GUIDE, COORDINATE, AND GROW THE STOUGHTON AREA SCHOOL DISTRICT'S FABLAB PROGRAM INTO A COMMUNITY-BASED INNOVATION CENTER. 2) BUILD AND ADMINISTER THE INNOVATION CENTER AND LIFELONG LEARNING NETWORK. 3) ENCOURAGE AND BUILD FINANCIAL SUPPORT FROM THE COMMUNITY AND REGION FOR PROGRAMS ADMINISTERED BY INNOVATION CENTER INC.
Describe the Organization's Program Activity:
Part 3
NO PROGRAMS WERE RUN IN 2022.
NO PROGRAMS WERE RUN IN 2022.
NO PROGRAMS WERE RUN IN 2022.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katrina Becker Executive Director | 40 | $57,310 | |
Mike Connor Board President | 1 | $0 | |
Cary Bremigan Vice President | 1 | $0 | |
Tim Swadley Treasurer | 1 | $0 | |
Tim Rusch Secretary | 1 | $0 | |
Carl Chenoweth Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,870 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,597 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,467 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,310 |
| Professional fees and other payments to independent contractors | $52,730 |
| Occupancy, rent, utilities, and maintenance | $2,825 |
| Printing, publications, postage, and shipping | $111 |
| Other expenses | $10,334 |
| Total expenses | $123,310 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $267,905 |
| Other assets | $0 |
| Total assets | $267,985 |
| Total liabilities | $0 |
| Net assets or fund balances | $267,985 |