Overview
What is Brightstar Wisconsin Foundation Inc?
Brightstar Wisconsin Foundation Inc, located in Milwaukee, Wisconsin, operates as a 501(c)(3) nonprofit organization. Their primary mission is to invest in early-stage for-profit businesses situated within Wisconsin. The objective behind these investments is to generate family-sustaining jobs within the state. By taking convertible debt and equity positions in these companies, the foundation utilizes charitable donations to foster job creation. Any earnings or returns from these investments are then reinvested in additional early-stage for-profit companies within Wisconsin, further stimulating job growth. With a small team of three individuals, Brightstar Wisconsin Foundation Inc is dedicated to supporting the economic development of Wisconsin by promoting job creation through strategic investments.
Official website here: www.brightstarwi.org
Is Brightstar Wisconsin Foundation Inc legitimate?
Brightstar Wisconsin Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brightstar Wisconsin Foundation Inc 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: $270,470
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,329
For more financial information, click here
Official website here: www.brightstarwi.org
What is the mission statement of Brightstar Wisconsin Foundation Inc?
The Brightstar Wisconsin Foundation Inc, acting as a 501(C)(3) organization, accepts charitable donations and invests them in early-stage for-profit companies. Their primary goal is to create job opportunities, specifically family-sustaining positions, within Wisconsin. The earnings and returns from these investments are then reinvested in other early-stage companies with a similar objective. The foundation's overall mission is to stimulate economic growth and job creation in the state, contributing to its overall development.
Official website here: www.brightstarwi.org
Who is the CEO of Brightstar Wisconsin Foundation Inc?
Thomas Shannon is the Executive Director of Brightstar Wisconsin Foundation Inc.
Official website here: www.brightstarwi.org
What is the revenue of Brightstar Wisconsin Foundation Inc?
Brightstar Wisconsin Foundation Inc's revenue in 2022 was $94,906.
Official website here: www.brightstarwi.org
Who are the executives of Brightstar Wisconsin Foundation Inc and what are their salaries?
The average compensation at Brightstar Wisconsin Foundation Inc during 2022 was $91,266. There are 3 employees and 18 volunteers at Brightstar Wisconsin Foundation Inc.
Here are 12 key members and their salaries:
- Compensation: $172,569
- Related: $0
- Other: $13,286
- Compensation: $84,615
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.brightstarwi.org
Where can I find the form 990 for Brightstar Wisconsin Foundation Inc?
Brightstar Wisconsin Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brightstarwi.org
Learn more at the official website: www.brightstarwi.org
Mission Statement of Brightstar Wisconsin Foundation Inc
Brightstar Wisconsin Foundation, as a 501(c)(3) organization, accepts charitable donations and utilizes them to take convertible debt and equity positions in for-profit early-stage companies situated in Wisconsin. The primary objective of these investments is to create family-sustaining jobs within the state. The earnings and returns from these investments are then reinvested into other for-profit early-stage companies that also focus on job creation in Wisconsin. In essence, Brightstar Wisconsin Foundation's mission is to leverage charitable donations to foster the growth of job-creating businesses in the state, thereby contributing to its economic development.
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Impact
October, 2024
Brightstar Wisconsin Foundation Inc drives economic growth and job creation by making strategic investments in early-stage companies throughout Wisconsin. By accepting charitable donations and utilizing those funds to acquire convertible debt and equity stakes in for-profit ventures, the foundation is directly contributing to the development of family-sustaining jobs within the state. The earnings generated from these investments are continually reinvested, amplifying the impact on the local economy and fostering a cycle of growth and opportunity. This approach not only supports aspiring entrepreneurs but also enhances community improvement, creating a more vibrant and sustainable economic landscape in Wisconsin.
This information is meant to be a general summary of Brightstar Wisconsin Foundation Inc. 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 2022.
- Investment Income: $13,811
- Program Service Revenue: -$169,686
- Gross Receipts: $244,487
Assets and Liabilities:
- Total Assets: $10,204,785
- Total Liabilities: $18,082
- Net Assets: $10,186,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INVESTMENT REV
Revenue
-$169,686
Organization Details
Founding Year
2013
Phone
(414) 224-6000Principal Officer
Thomas Shannon
Main Address
710 N PLANKINTON AVE 340, MILWAUKEE, WI, 53203
Website
www.brightstarwi.orgNTEE Category
Code: S19 - Community improvement
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