Wisconsin Innovation Awards Inc
Nonprofit profile at a glance
- EIN
- 464564367
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024
- Location
- Madison, WI, USA
- Phone
- 6084418053
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $58,840
- Expenses
- $77,078
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- MATTHEW C YOUNKLE (PRESIDENT)
People named in this filing
- MATTHEW C YOUNKLE (PRESIDENT)
- JOSEPH W BOUCHER (VICE PRESIDE)
- CORRINE FETHERSTON (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wisconsin innovation awards seek to celebrate and inspire innovation accoss the state by highlighting and honoring the development of groundbreaking and innovative ideas.
What it reported doing in 2024
To promote and inspire innovation. The organization highlights and honors the development of ground breaking and innovative ideas. The organization strives to facilitate innovation by bringing innovators together from various business sectors adn from throughout the state.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 100
- Sustainability: 16
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.5%; rating input score 63
- Program expense ratio: 47.7%; rating input score 48
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -31%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.1% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 0.4% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 11.6% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 62.5% of revenue deployed · 47.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $37K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 4 filed schedules
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Program expense ratio scored 48/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.