Overview
What is 5 Lakes Institute?
5 Lakes Institute is a nonprofit organization situated in Milwaukee, Wisconsin, with a focus on fostering and linking the high-technology entrepreneurial ecosystem and culture within the Great Lakes region. To achieve this, the institute collaborates with compatible partners, organizing virtual programs in partnership with the Midwest Research University Network (MRUN). In the recent past, they have successfully facilitated nearly 700 one-on-one meetings, engaging key individuals from various sectors such as companies, venture capital firms, universities, and government entities. Their initiatives span across three verticals: energy, agtech, and industrial tech, highlighting promising initiatives like Grand Farm in Fargo, the Illinois Institute of Technology/ConEd Microgrid in Chicago, and the UW-Stout Discovery Center's Fab Lab and Manufacturing Outreach Center in MOC. Aside from these engagements, the institute continues to pursue funding for their programs and supports the Executive Director's efforts in writing columns for the Milwaukee Journal Sentinel about technology and innovation in the Midwest/Great Lakes region. Additionally, the institute aids in hosting Midwest Moxie, a radio show that showcases emerging and successful startup founders in the Midwest/Great Lakes region. The institute also works with the Blueprint Accelerator for minority-led startups to plan further programs. With a small team of dedicated individuals, the 5 Lakes Institute plays a significant role in promoting technological growth and innovation in the Great Lakes region.
Official website here: www.5lakesinstitute.org/
Is 5 Lakes Institute legitimate?
5 Lakes Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. 5 Lakes Institute 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $87,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.5lakesinstitute.org/
What is the mission statement of 5 Lakes Institute?
The 5 Lakes Institute is a not-for-profit organization committed to building and connecting the high technology entrepreneurial economy and culture in the Great Lakes region. It achieves this by collaborating with like-minded partners. The institute has successfully organized virtual programs in partnership with the Midwest Research University Network, facilitating numerous one-on-one meetings. It has engaged stakeholders across various industries and showcased exciting initiatives within the region. The institute is also actively working on securing funding for its programming and supports the executive director's efforts to promote technology and innovation in the Midwest/Great Lakes region. Additionally, it collaborates with other organizations to plan programs, such as the Blueprint Accelerator for minority-led startups.
Official website here: www.5lakesinstitute.org/
Who is the CEO of 5 Lakes Institute?
Kathleen Gallagher is the Chairman of 5 Lakes Institute.
Official website here: www.5lakesinstitute.org/
What is the revenue of 5 Lakes Institute?
5 Lakes Institute's revenue in 2023 was $162,000.
Official website here: www.5lakesinstitute.org/
Who are the executives of 5 Lakes Institute and what are their salaries?
The average compensation at 5 Lakes Institute during 2023 was $87,400. There is 1 employee and 60 volunteers at 5 Lakes Institute.
Here are 9 key members and their salaries:
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Official website here: www.5lakesinstitute.org/
Where can I find the form 990 for 5 Lakes Institute?
5 Lakes Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.5lakesinstitute.org/
Learn more at the official website: www.5lakesinstitute.org/
Mission Statement of 5 Lakes Institute
The 5 Lakes Institute is a not-for-profit organization with a mission to collaborate with like-minded partners to construct and connect the Great Lakes region's advanced technology entrepreneurial economy and culture. Their primary objective is to foster a thriving high-tech entrepreneurial landscape in the region.
To achieve this mission, the 5 Lakes Institute has been actively engaged in various initiatives. They have organized numerous virtual programs in partnership with the Midwest Research University Network (MRUN), facilitating over 690 one-on-one meetings. These events have drawn in numerous key individuals from companies, venture capital firms, universities, and government entities.
Moreover, the institute has focused on three verticals: energy, agtech, and industrial tech. They have showcased exciting initiatives in these sectors, such as Grand Farm in Fargo, the Illinois Institute of Technology/ConEd microgrid in Chicago, and the UW-Stout Discovery Center's Fab Lab and Manufacturing Outreach Center (MOC). The institute continues to work on securing funding for these programs.
In addition to these efforts, the executive director of 5 Lakes Institute contributes columns to the Milwaukee Journal Sentinel, discussing technology and innovation in the Midwest/Great Lakes region. The executive director also hosts Midwest Moxie, a radio show that airs on WUWM and is available on podcast platforms. Midwest Moxie highlights emerging and successful startup founders in the region.
The 5 Lakes Institute also collaborates with the Blueprint Accelerator for minority-led startups to plan more programs. Their mission is not purely focused on technology but extends to building a supportive ecosystem for entrepreneurs and startups in the Great Lakes region.
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Impact
October, 2024
5 Lakes Institute plays a pivotal role in advancing the high technology entrepreneurial economy and culture within the Great Lakes region. Through strategic partnerships and innovative programming, it has organized nine virtual events in collaboration with the Midwest Research University Network that facilitated nearly 700 one-on-one meetings among industry stakeholders. This extensive engagement attracted key individuals from companies, venture capital firms, academic institutions, and government, fostering a vibrant network of collaboration.
The institute has actively engaged with stakeholders across critical sectors such as energy, agtech, and industrial tech, showcasing significant regional initiatives like Grand Farm in Fargo, the Illinois Institute of Technology's ConEd Microgrid, and UW-Stout's Discovery Center and Manufacturing Outreach Center. By highlighting these initiatives, 5 Lakes Institute emphasizes the area's potential and innovation.
In addition to direct programming, the executive director has contributed to broader discussions about technology and innovation in the Midwest through written columns in the Milwaukee Journal Sentinel and the Midwest Moxie podcast, spotlighting emerging and successful startup founders in the region. The organization also collaborates with the Blueprint Accelerator for minority-led startups, enhancing opportunities and resources for diverse entrepreneurs. Collectively, these efforts contribute significantly to the growth and development of the entrepreneurial ecosystem in the Great Lakes region, stimulating economic progress and innovation.
This information is meant to be a general summary of 5 Lakes Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $162,000
Assets and Liabilities:
- Total Assets: $100,790
- Total Liabilities: $0
- Net Assets: $100,790
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Organization Details
Founding Year
2007
Phone
(414) 269-8330Principal Officer
Kathleen Gallagher
Main Address
10437 W INNOVATION DR 104, MILWAUKEE, WI, 53226
Website
www.5lakesinstitute.org/NTEE Category
Code: U200 - Science research
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