KENOSHA INNOVATION NEIGHBORHOOD INC

KENOSHA INNOVATION NEIGHBORHOOD INC

Kenosha, WI, US
501(c)3
EIN
87-1298452

KENOSHA INNOVATION NEIGHBORHOOD INC

Kenosha, WI, US
501(c)3
EIN
87-1298452

Overview

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Est.

2021

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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Kenosha Innovation Neighborhood Inc (EIN: 87-1298452) is a nonprofit organization focused on economic development in Kenosha, Wisconsin. With an operating budget of $3.8 million and total revenue of $13 million for the 2024 filing year, KIN aims to transform the 107-acre former Kenosha Chrysler Plant site into an innovation district that fosters inclusivity and supports the recovery of surrounding neighborhoods. The organization does not rely on a single funder for more than 50% of its revenue, with its top funder contributing $1.3 million. More information can be found at www.innovatekin.org.

Mission Statement

KIN will redefine 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.
Revenues

$13M

Expenses

$3.8M

Net Income:
+$9.3M
Assets

$10.1M

Liabilities

$793.5K

Net Assets:
+$9.3M
Operating Budget

$3.8M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

1

Median grant size
$90K
Largest grant received
$90K
K
Kelly Armstrong
Board Member
A
Anthony Jefferson
Board Member
V
Vicky Arroyo
Board Member

Frequently Asked Questions

What is KENOSHA INNOVATION NEIGHBORHOOD INC’s budget?
In 2024, KENOSHA INNOVATION NEIGHBORHOOD INC reported an annual operating budget of around $3.8 million. More detailed financial information is available to registered users.
What causes does KENOSHA INNOVATION NEIGHBORHOOD INC support?
KENOSHA INNOVATION NEIGHBORHOOD INC supports work in Economic development.
Where does KENOSHA INNOVATION NEIGHBORHOOD INC operate?
KENOSHA INNOVATION NEIGHBORHOOD INC is headquartered in Kenosha, WI.
Who funded KENOSHA INNOVATION NEIGHBORHOOD INC recently?
In 2024, KENOSHA INNOVATION NEIGHBORHOOD INC received grants from JOHN & RUTH KLOSS CHARITABLE TR UMA, JOHN & RUTH KLOSS CHARITABLE TR UMA, and JOHN & RUTH KLOSS CHARITABLE TR UMA. More information on this organization’s funders is available to registered users.
What is the largest grant KENOSHA INNOVATION NEIGHBORHOOD INC received in 2024?
The largest grant to KENOSHA INNOVATION NEIGHBORHOOD INC in 2024 exceeds $90 thousand.
What is KENOSHA INNOVATION NEIGHBORHOOD INC’s reliance on government grants?
KENOSHA INNOVATION NEIGHBORHOOD INC relied on government grants for more than 95% of their total revenue in 2024.
Overview
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