Kinnektor Inc
- Assets
- -$168.0
- Revenue
- $22.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Neenah, WI
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 81-2007823
Organization Overview
Kinnektor Inc is located in Neenah, WI. The organization was established in 2018. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kinnektor Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kinnektor Inc generated $22.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $11.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (38.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENTREPRENEURIAL EDUCATION, MENTORSHIP, AND TRAINING COUPLED WITH THE FACILITATION OF BUSINESS DEVELOPMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE PAST, THE ORGANIZATION HAS HELD A MEGA THREE-DAY EVENT PLACING OVER 100 SPEAKERS ON NEARLY 60 PANELS WHO ENGAGED A CROWD OF 500 ATTENDEES FROM 75 CITIES AND OVER 150 COMPANIES. DUE TO CHANGES IN MARKETPLACE ACTIVITIES IN THE GEOGRAPHIC SERVICE AREA DURING 2019, AND THE COVID 19 PANDEMIC IN 2020, ALL EVENT RELATED ACTIVITIES WERE POSTPONED UNTIL A DEEPER STRATEGIC REVIEW COULD BE COMPLETED. 2021 HAS BROUGHT ABOUT MANY CHANGES AND KINNEKTOR PLANS TO DISSOLVE IN 2022.
IN THE PAST, THE ORGANIZATION OFFERED 5-6 MONTHLY ENTREPRENEURIAL EDUCATION, MENTORSHIP AND TRAINING CLASSES COUPLED WITH THE FACILITATION OF BUSINESS DEVELOPMENT PROGRAMS. DUE TO CHANGES IN MARKETPLACE ACTIVITIES IN THE GEOGRAPHIC SERVICE AREA DURING 2019, AND THE COVID 19 PANDEMIC IN 2020, ALL EVENT RELATED ACTIVITIES WERE POSTPONED UNTIL A DEEPER STRATEGIC REVIEW COULD BE COMPLETED. 2021 HAS BROUGHT ABOUT MANY CHANGES AND KINNEKTOR PLANS TO DISSOLVE IN 2022.
THE ORGANIZATION PROVIDED TECHNOLOGY CONSULTATION SERVICES AIMED AT STARTUPS THAT HAVE A LIMITED FINANCIAL RESOURCES. THESE SERVICES WERE OFFERED AT BELOW MARKET RATES AND WERE SHORT CONSULTING ENGAGEMENTS THAT WERE AIMED AT SUPPORTING OUR BROADER MISSION ON SUPPORTING ENTREPRENEURSHIP AND STARTUPS IN THE REGION. AS AN ESO ENTREPRENEUR SUPPORT ORGANIZATION, OUR AIR STARTUPS ADVANCE THEIR BUSINESS FORWARD. DUE TO CHANGES IN MARKETPLACE ACTIVITIES IN THE GEOGRAPHIC SERVICE AREA DURING 2019, AND THE COVID 19 PANDEMIC IN 2020, ALL EVENT RELATED ACTIVITIES WERE POSTPONED UNTIL A DEEPER STRATEGIC REVIEW COULD BE COMPLETED. 2021 HAS BROUGHT ABOUT MANY CHANGES AND KINNEKTOR PLANS TO DISSOLVE IN 2022.
DEPRECIATION - PROGRAM EXPENSE - 915
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Ernst Director, President And Treasurer | OfficerTrustee | 0.01 | $0 |
Bill Mortimore Director, Vice President & Secretary | OfficerTrustee | 0.01 | $0 |
Jason Jacobsohn Director | Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,187 |
| Noncash contributions included in lines 1a–1f | $22,187 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,187 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,341 |
| Total functional expenses | $11,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$168 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | -$168 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $85,436 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $85,436 |
| Net assets without donor restrictions | -$85,604 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | -$168 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kinnektor Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Nathan Cummings Foundation Inc New York, NY PURPOSE: HANDS ON: CAREERS THAT MAKE AMERICA | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Womens Business Initiative Corporation Milwaukee, WI | $42,014,379 | $10,583,804 |
Women Venture St Paul, MN | $7,708,341 | $8,474,014 |
Allies For Community Business Inc Chicago, IL | $54,726,016 | $12,452,578 |
Urban Ventures Leadership Foundation Minneapolis, MN | $23,559,763 | $6,521,879 |
Bunker Labs Nfp Inc Chicago, IL | $3,938,287 | $4,312,612 |
Detroit Development Fund Detroit, MI | $19,500,518 | $2,941,920 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
Startingblock Madison Inc Madison, WI | $3,788,993 | $962,585 |
Central Minnesota Development Company Andover, MN | $3,109,444 | $999,166 |
Beta Group Minneapolis, MN | $157,595 | $502,721 |
Macomb County Community Dispute Resolution Center Inc Mt Clemens, MI | $219,458 | $522,966 |
Women In Progress Inc Minneapolis, MN | $458,547 | $441,350 |