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Kenosha Innovation Neighborhood

Kenosha, WI · EIN 87-1298452 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Kenosha Innovation Neighborhood reported $13.0 million in revenue and $3.8 million in expenses for calendar year 2024. Of every $100 it spent, $95.92 went to program services, $4.08 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 96.0% of the total. Government grants made up 95.6%. The highest compensation it reported for one person was $151,456 (President). 1 person received more than $100,000 in reportable compensation. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $3.8M

For context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $13M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 479 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
95.9%89.1%
Management & general
Part IX 25(C) ÷ 25(A)
4.1%9.2%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
96.0%80.1%
Government grants share of revenue
Part VIII 1e ÷ 12
95.6%14.9%
Program service revenue share
Part VIII 2g ÷ 12
0.0%11.9%
Highest reported compensation
Part VII-A, columns D–F
$151,456$291,103
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
4.02%1.49%
People paid over $100,000
Part VII, line 2
15
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
29.79.2
Independent voting board members
Part VI 1a–1b
15 of 15100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$3.6M expenses · 100.0% of program spending · revenue $280

KIN is redefining the 107 acre former Kenosha Chrysler Plant site into a special innovation district that creates opportunities for Kenoshans to stay in Kenosha is inclusive of all individuals and the surrounding neighborhoods and the broader community creates a regional destination that offers competitive experience to other urban markets supports the recovery and development of sustainable and resilient surrounding neighborhoods

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President
Officer, 50.00 hrs/week
$151,456$0$0$151,456

1 people received more than $100,000 in reportable compensation from Kenosha Innovation Neighborhood (Part VII, line 2). Compensation of current officers, directors and key employees totaled $151K (Part IX, line 5).

2 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M20232024$13M$3.8M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$13M$3.8M95.9%$9.3M$151,456
2023 ⓘ$397K$249K80.9%$28,903—

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
  • Audited financial statements Part XII 2bNo
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 51
  • Volunteers Part I, line 630

Private foundation grants it received

1 private foundation reported grants to Kenosha Innovation Neighborhood totaling $90,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Kenosha Innovation Neighborhood's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Kenosha Innovation Neighborhood, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All community improvement & capacity building charities · Largest charities in Wisconsin

Questions people ask

How much of Kenosha Innovation Neighborhood's spending goes to programs?

In calendar year 2024, Kenosha Innovation Neighborhood reported that 95.9% of its $3.8 million in expenses went to program services, 4.1% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Kenosha Innovation Neighborhood pay its top executive?

The largest total compensation Kenosha Innovation Neighborhood reported for one person in calendar year 2024 was $151,456, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Kenosha Innovation Neighborhood get its money?

Of $13.0 million in revenue in calendar year 2024, 96.0% came from contributions and grants (including 95.6% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Kenosha Innovation Neighborhood a registered charity?

The IRS lists EIN 87-1298452 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202513189349315206 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202411629349301206 · read the filing

All filings for EIN 87-1298452: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.