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Milwaukee Regional Innovation Center

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 392076974 ✦ Wauwatosa, WI ✦ Designated as a 501(c)(3)

Overview

What is Milwaukee Regional Innovation Center?

The Milwaukee Regional Innovation Center is a nonprofit organization situated in Wauwatosa, Wisconsin. Its primary mission is to promote entrepreneurship and stimulate growth by establishing a hub for new employment opportunities. The center also pursues innovation and research product development, benefiting the Milwaukee Regional Medical Center, local universities, technical schools, and the wider Milwaukee area. To achieve these goals, it manages and operates the Technology Innovation Center and the Milwaukee County Research Park. The center supports and houses emerging businesses involved in technology development, scientific research, and related activities, aiming to foster an environment that fosters innovation and development. The Milwaukee County Research Park is further developed and managed according to its declared conventions, conditions, restrictions, and design guidelines, ensuring a well-organized and thriving innovation ecosystem.


Official website here: www.technologyinnovationcenter.org

Is Milwaukee Regional Innovation Center legitimate?

Milwaukee Regional Innovation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milwaukee Regional Innovation Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $241,295
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,920

For more financial information, click here


Official website here: www.technologyinnovationcenter.org

What is the mission statement of Milwaukee Regional Innovation Center?

The Milwaukee Regional Innovation Center's mission is primarily focused on fostering entrepreneurship and stimulating development, thereby generating new employment opportunities. It also aims to promote innovation and the development of research products, benefiting various entities such as medical centers, universities, technical schools, and the local community. The organization supports and houses emerging businesses engaged in technology development, scientific research, and related activities. It also works on modifying and rehabilitating a Technology Innovation Center to further these objectives. Lastly, the Milwaukee Regional Innovation Center is responsible for managing and operating the Milwaukee County Research Park.


Official website here: www.technologyinnovationcenter.org

Who is the CEO of Milwaukee Regional Innovation Center?

Mark Johnson is the Executive Director of Milwaukee Regional Innovation Center.


Official website here: www.technologyinnovationcenter.org

What is the revenue of Milwaukee Regional Innovation Center?

Milwaukee Regional Innovation Center's revenue in 2022 was $1,244,262.


Official website here: www.technologyinnovationcenter.org

Who are the executives of Milwaukee Regional Innovation Center and what are their salaries?

The average compensation at Milwaukee Regional Innovation Center during 2022 was $100,804. There are 4 employees and 14 volunteers at Milwaukee Regional Innovation Center.

Here are 16 key members and their salaries:

    Guy Mascari (Past Executive Director)
  • Compensation: $172,100
  • Related: $0
  • Other: $28,315

    • Mark Johnson (Executive Director)
  • Compensation: $38,750
  • Related: $0
  • Other: $0

    • David Dull (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Dennik (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathaniel Cade Jr (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Mastoris (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Calli Berg (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dennis Mcbride (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Bukiewicz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Gilbert (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keenan Grenell Phd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jaclynn Walsh (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeanne Hossenlopp Phd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Raymond Sr Md (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Richard Busalacchi (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shawn Rolland (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.technologyinnovationcenter.org

    Where can I find the form 990 for Milwaukee Regional Innovation Center?

    The Milwaukee Regional Innovation Center’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.technologyinnovationcenter.org

    Learn more at the official website: www.technologyinnovationcenter.org

    Mission Statement of Milwaukee Regional Innovation Center

    The Milwaukee Regional Innovation Center, in its mission, seeks to create an environment that fosters entrepreneurship. This is driven by the desire to generate new employment opportunities and stimulate development. The organization also focuses on the innovation and development of research products for the benefit of local universities, technical schools, and the wider Milwaukee area. In addition, it supports and houses new and developing businesses engaged in technology development, scientific research, and related activities. The Milwaukee Regional Innovation Center further invests in modifying and rehabilitating a Technology Innovation Center to advance these objectives. The organization is also involved in completing the development of the Milwaukee County Research Park and managing it in accordance with its conventions, conditions, restrictions, and design guidelines, as well as various development agreements with park occupants. In essence, the Milwaukee Regional Innovation Center serves as a catalyst for growth and innovation, promoting entrepreneurship and research development in the region.

    Impact

    This information is meant to be a general summary of Milwaukee Regional Innovation Center. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Milwaukee Regional Innovation Center's impact is significant in fostering entrepreneurship, driving development, and creating new employment opportunities in the Milwaukee region. It plays a crucial role in encouraging innovation and research product development, benefiting the Milwaukee Regional Medical Center, area universities, technical schools, and the broader community. The organization's support for technology development and scientific research activities contributes to the growth of new and developing businesses in the region. Additionally, by managing the Technology Innovation Center and the Milwaukee County Research Park, the organization actively promotes collaboration and growth in the technology and research sectors.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $101,030
  • Program Service Revenue: $1,029,795
  • Gross Receipts: $1,464,262

    • Assets and Liabilities:
  • Total Assets: $7,251,813
  • Total Liabilities: $228,617
  • Net Assets: $7,023,196
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL REVENUE

    Revenue

    $958,390

    DEVELOPMENT FUND INCOM

    Revenue

    $71,405

    Organization Details

    Founding Year

    2008

    Principal Officer

    Mark Johnson

    Main Address

    10437 INNOVATION DRIVE 123, WAUWATOSA, WI, 53226

    NTEE Category

    Code: B90 - Education

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