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EIN 90-1001588

Brightstar Wisconsin Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Milwaukee
State
Wisconsin
Year formed
2013
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
The Brightstar Wisconsin Foundation accepts charitable donations as a 501(c)(3) organization and uses them to take equity positions in for-profit early-stage companies that create jobs in Wisconsin. Program investments are made with the primary intent of creating family-sustaining jobs within the state of Wisconsin. Earnings and return of proceeds of investments will be reinvested to support future job creation efforts. The foundation is located in Milwaukee, WI.
Total revenues
$94,906
2022
Total expenses
$382,015
2022
Total assets
$10,204,785
2022
Num. employees
3
2022

Program areas at Brightstar Wisconsin Foundation

Program investments: all program investments are made with the primary intent of creating family-sustaining jobs within the state of Wisconsin.

Who funds Brightstar Wisconsin Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Philanthropic TrustHuman Services$20,000
Schwab Charitable FundPublic, Societal Benefit$10,000

Personnel at Brightstar Wisconsin Foundation

NameTitleCompensation
Thomas M. ShannonBoard Member$0
Jeff HarrisPresident$0
Anthony HandzlikBoard Secretary$0
Fred RaaschVice President / Business Manager$81,951
R Jeffery HarrisChairman$0
...and 1 more key personnel

Financials for Brightstar Wisconsin Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$125,781
Program services$-169,686
Investment income and dividends$16,373
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-2,562
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$125,000
Total revenues$94,906

Form 990s for Brightstar Wisconsin Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-17990View PDF
2021-122022-09-06990View PDF
2020-122021-09-03990View PDF
2019-122020-08-27990View PDF
2018-122019-09-14990View PDF
...and 5 more Form 990s
Data update history
August 1, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 7, 2023
Updated personnel
Identified 2 new personnel
April 5, 2022
Received grants
Identified 1 new grant, including a grant for $50,000 from The Mancheski Foundation
March 30, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
710 N Plankinton Ave 340
Milwaukee, WI 53203
Metro area
Milwaukee-Waukesha, WI
Website URL
brightstarwi.org/ 
Phone
(414) 224-6000
IRS details
EIN
90-1001588
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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