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Nonprofiteer
← ISTHMUS PROJECT INC

Form 990 for tax year 2022

Filed by ISTHMUS PROJECT INC.

Totals

Total revenue
$388,813
Total expenses
$816,376
Contributions and grants received
$350,000
Grants paid
$0
Program service revenue
$38,813
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,325,504
Total liabilities, end of year
$99,326
Net assets or fund balances, end of year
$2,226,178
Program services expenses (Part IX)
$812,298
Management and general expenses
$4,078
Fundraising expenses
$0
Program service expenses (Part III)
$812,298

Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $350,000

  • 2a · Program service revenue: Consulting Services

    total $38,813 · related or exempt $38,813

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $651,877 · program services $651,877

  • 8 · Pension plan contributions

    total $46,035 · program services $46,035

  • 9 · Other employee benefits

    total $56,221 · program services $56,221

  • 10 · Payroll taxes

    total $36,925 · program services $36,925

  • 11a · Fees: management

    total $1,749 · program services $1,749

  • 11c · Fees: accounting

    total $3,763 · management and general $3,763

  • 13 · Office expenses

    total $3,500 · program services $3,500

  • 14 · Information technology

    total $11,074 · program services $11,074

  • 17 · Travel

    total $1,064 · program services $749 · management and general $315

  • 19 · Conferences, conventions and meetings

    total $35 · program services $35

  • 22 · Depreciation, depletion and amortization

    total $2,107 · program services $2,107

  • 24e · All other expenses

    total $2,026 · program services $2,026

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $301,687 · end of year $793,634

  • 10a · Land, buildings and equipment: cost or other basis

    $27,217

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,410

  • 10c · Land, buildings and equipment, net

    beginning of year $6,234 · end of year $20,807

  • 13 · Investments: program-related

    beginning of year $400,000 · end of year $1,488,813

  • 15 · Other assets

    beginning of year $14,876 · end of year $22,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,577 · end of year $3,870

  • 25 · Other liabilities

    beginning of year $65,479 · end of year $95,456

  • 27 · Net assets without donor restrictions

    beginning of year $653,741 · end of year $2,226,178

Mission and programs · 2022

Mission

The Corporation is organized and shall be operated exclusively to support the missions of the University of Wisconsin Hospitals and Clinics Authority, University of Wisconsin Medical Foundation, and the University of Wisconsin School of Medicine and Public Health by Facilitating the development and translation of innovations and useful technology developed at UW Health and the University of Wisconsin, including in collaboration with other research institutions and partners, to improve health and healthcare by preventing and alleviating the effects of disease.

  • The Isthmus Project was founded with the intent to support Healthcare Innovation arising from our own ecosystem, including innovators from UW Health and UW School of Medicine and Public Health. Services the Isthmus Project offers include:1) Helping connect innovators to additional development resources including mentors, potential customers, funders, as well as engineering and IP services.2) Providing mentorship on technical development and business planning including market assessment and company valuation.Funding options and support including UW Health funding.

    Expenses $812,298 · Revenue $38,813

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Burnside-Rollins MD MPH

    Director (until 6/30/23)

    Total calculated
    $644,260
    From this org
    $0
    From related orgs
    $581,824
    Other
    $62,436
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $581,824 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $61,000 related
    Nontaxable benefits
    $0 + $1,436 related
    Filer's total
    $0 + $644,260 related

  • Scott Button

    Director

    Total calculated
    $0
    Hours/week
    2

  • David Casimir JD PhD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Beth Drolet MD

    Director

    Total calculated
    $723,750
    From this org
    $0
    From related orgs
    $662,687
    Other
    $61,063
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $662,687 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $61,000 related
    Nontaxable benefits
    $0 + $63 related
    Filer's total
    $0 + $723,750 related

  • Thomas Grist MD

    Director

    Total calculated
    $916,896
    From this org
    $0
    From related orgs
    $854,460
    Other
    $62,436
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $854,460 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $61,000 related
    Nontaxable benefits
    $0 + $1,436 related
    Filer's total
    $0 + $916,896 related

  • Elizabeth Hagerman PhD

    President/Chief Innovation Officer

    Total calculated
    $375,608
    From this org
    $0
    From related orgs
    $341,228
    Other
    $34,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $296,500 related
    Bonus
    $0 + $44,728 related
    Other
    $0
    Deferred
    $0 + $22,265 related
    Nontaxable benefits
    $0 + $12,115 related
    Filer's total
    $0 + $375,608 related

  • George Kamperschroer

    Director (until 6/30/23)

    Total calculated
    $0
    Hours/week
    2

  • Thomas Rock Mackie PhD

    Chair

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • Michael Partsch

    Director

    Total calculated
    $0
    Hours/week
    2

  • Manish Shah MD MPH

    Director

    Total calculated
    $489,616
    From this org
    $0
    From related orgs
    $489,553
    Other
    $63
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $489,553 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $63 related
    Filer's total
    $0 + $489,616 related

  • Kelly Wilson JD MBA

    Secretary

    Total calculated
    $1,065,652
    From this org
    $0
    From related orgs
    $915,327
    Other
    $150,325
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,687 related
    Bonus
    $0 + $271,490 related
    Other
    $0 + $150 related
    Deferred
    $0 + $118,085 related
    Nontaxable benefits
    $0 + $32,240 related
    Filer's total
    $0 + $1,065,652 related

  • Cherodeep Goswami

    Director

    Total calculated
    $770,648
    From this org
    $0
    From related orgs
    $740,364
    Other
    $30,284
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $573,249 related
    Bonus
    $0 + $163,559 related
    Other
    $0 + $3,556 related
    Deferred
    $0 + $22,265 related
    Nontaxable benefits
    $0 + $8,019 related
    Filer's total
    $0 + $770,648 related

  • Anjon Jon Audhya PhD

    Treasurer (as of 07/1/22)

    Total calculated
    $355,803
    From this org
    $0
    From related orgs
    $324,918
    Other
    $30,885
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,654 related
    Bonus
    $0 + $3,264 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,885 related
    Filer's total
    $0 + $355,803 related

  • Kurt Zimmerman

    Vice President

    Total calculated
    $182,209
    From this org
    $0
    From related orgs
    $168,467
    Other
    $13,742
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,467 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,742 related
    Filer's total
    $0 + $182,209 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Compensation is paid via a leasing agreement with members of the organization. Executive compensation is based on comparative data with like positions within the market.
Part I, Line 4b
Members of the Board participate in supplemental, non-qualified retirement plans through their employers, which are related organizations to the filing entity. Those individuals participate in a 457(f) plan. The following individual received contributions during 2022: - Kelly Wilson $95,820 No distributions are made in 2022.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Generations Fertility Care Inc

    501(c)(3) · Reproductive endocrinology and infertility services · WI · controlled entity

  • Madison Surgery Center

    501(c)(3) · Health care services and training · WI · controlled entity

    Directly controlled by University of WI Hospital and Clinics Authority

  • Regional Division Inc

    501(c)(3) · Regional Parent Corp. to manage and direct activities of entities · WI · controlled entity

    Directly controlled by University of WI Hospital and Clinics Authority

  • SwedishAmerican Foundation

    501(c)(3) · Supports fundraising for SwedishAmerican Hospital · IL · controlled entity

    Directly controlled by SwedishAmerican Hospital

  • SwedishAmerican Health System Corporation

    501(c)(3) · Parent Corporation to manage and direct activities of entities · IL · controlled entity

    Directly controlled by Regional Division Inc

  • SwedishAmerican Hospital

    501(c)(3) · Hospital · IL · controlled entity

    Directly controlled by SwedishAmerican Health System Corporation

  • SwedishAmerican Hospital Self Insurance Trust

    501(c)(3) · Hospital Malpractice Trust · VT · controlled entity

    Directly controlled by SwedishAmerican Hospital

  • SwedishAmerican Realty Corporation

    501(c)(3) · Title Holding Company · IL · controlled entity

    Directly controlled by SwedishAmerican Health System Corporation

  • University Health Care Inc

    501(c)(3) · Support Organization · WI · controlled entity

    Directly controlled by University of WI Hospital and Clinics Authority

  • University of WI Hospital and Clinics Authority

    501(c)(3) · Hospital and Clinics · WI

  • University of WI Medical Foundation

    501(c)(3) · Physician Services · WI · controlled entity

    Directly controlled by University of WI Hospital and Clinics Authority

  • University of Wisconsin School of Medicine and Public Health

    501(c)(3) · School · WI

    Directly controlled by University of WI Hospital and Clinics Authority

  • UW Health ACO Inc

    501(c)(3) · Accountable Care Organization · WI · controlled entity

    Directly controlled by University of WI Hospital and Clinics Authority

  • Wisconsin Therapies Inc

    501(c)(3) · Infusion Therapy · WI · controlled entity

    Directly controlled by University of WI Hospital and Clinics Authority

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Chartwell Wisconsin Enterprises LLC

    Parent entity of CMW and CMW-HR · WI

  • Madison Medical Center LLP

    Real Estate · WI

  • Northern Illinois Vein Clinic

    Outpatient Health Services · IL

  • Sixth Street Medical LLC

    Real Estate · WI

  • Three Rivers Partners LLC

    Information Technology Services · IL

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Physician's Care Network

    C · Health Services · IL · controlled entity

  • Quartz Health Benefit Plans Corporation

    C · Health Maintenance Organization · WI · controlled entity

  • Quartz Health Insurance Corporation

    C · Health Maintenance Organization · WI · controlled entity

  • Quartz Health Solutions

    C · Insurance · WI · controlled entity

  • Quartz Holding Company

    C · Holding Company · WI · controlled entity

  • SARI Insurance Company

    C · Captive Insurance Company · VT · controlled entity

  • State & Charles Inc

    C · Holding Company · IL · controlled entity

  • SwedishAmerican Health Management Corp

    C · Management Services · IL · controlled entity

  • Wisconsin Dialysis

    C · Dialysis Services · WI · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202421289349301717

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