5 Lakes Institute
5 Lakes Institute is a curated network of entrepreneurs, research organizations, investors, and business and government leaders that drives and amplifies diverse and inclusive tech-enabled gdp growth in the midwest and great lakes region.
5 Lakes Institute at a glance
- Total assets
- $51,329
- -65.8% vs 2025
- Revenue (2026)
- $26,471
- -83.3% vs 2025
- Expenses (2026)
- $125,014
- +3.5% vs 2025
- Latest 990 filing
- Form 990, 2026 View filing
Data from IRS Form 990, 2026; updated September 2026.
Who 5 Lakes Institute funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 1 (100%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $71K (2022) to $299K (2020). In 2022 it made 1 grant totaling $71K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Young Enterprising Society Milwaukee, WI | Education | $71,180 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2026 | $51,329 | $26,471 | $125,014 | — | — |
| 2025 | $149,872 | $158,500 | $120,834 | — | — |
| 2024 | $116,413 | $410,500 | $399,084 | — | — |
| 2023 | $100,790 | $162,000 | $122,895 | — | — |
| 2022 | $65,088 | $176,000 | $297,587 | $71,180 | 1 |
| 2021 | $219,872 | $469,246 | $426,388 | $282,120 | 2 |
| 2020 | $140,414 | $481,930 | $436,318 | $299,115 | 3 |
About 5 Lakes Institute
Based on IRS filings
5 Lakes Institute is a public charity focused on Science & Technology, based in Milwaukee, WI. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $51K in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
5 Lakes Institute is led by Mark Ehrmann, Chairman since 2026 (on filings since 2024); 1 of 9 officers listed in 2026 is compensated.
Officers on the 2026 filing
Mark Ehrmann
Chairman
Secretary → Chairman, 2026
On filings since 2024
2 hrs/week
No compensation reported
Kathleen Gallagher
Executive Di
On filings since 2020
40 hrs/week
$85K (2020) → $87K (2026)
David Vasko
Board Member
Director → Board Member, 2023
On filings since 2020
2 hrs/week
No compensation reported
John Byrnes
Vice Chairman
Director & Chair → Chairman, 2023
Chairman → Vice Chairman, 2026
On filings since 2020
4 hrs/week
No compensation reported
Tim Honaker
Board Member
Director → Board Member, 2023
On filings since 2020
5 hrs/week
No compensation reported
Kathy Hust
Board Member
Director → Board Member, 2023
On filings since 2021
1 hr/week
No compensation reported
Dan Broderick
Board Member
Director → Board Member, 2023
On filings since 2022
1 hr/week
No compensation reported
Gordon Nameni
Board Member
On filings since 2023
1 hr/week
No compensation reported
Kyle Crum
Board Member
On filings since 2024
1 hr/week
No compensation reported
Former officers (2)
- Former: Randall Kirk (2020–2025) — Board Member
- Former: Walter Skipper (2020–2023) — Secretary
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $87K, to Kathleen Gallagher (Executive Di).
Frequently asked questions about 5 Lakes Institute
How large is 5 Lakes Institute?
5 Lakes Institute reported $51K in total assets on its 2026 IRS Form 990. Its revenue that year was $26K.
What is 5 Lakes Institute?
5 Lakes Institute is a public charity focused on Science & Technology, based in Milwaukee, WI. It holds $51K in total assets as of 2026.
Where does 5 Lakes Institute operate?
5 Lakes Institute has awarded grants in Utah, Wisconsin.
What is 5 Lakes Institute's EIN?
5 Lakes Institute's EIN (Employer Identification Number) is 26-0724304. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS January 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS January 16, 2023)
- Added Form 990 for fiscal year 2026 (received by the IRS August 19, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in 5 Lakes Institute's focus areas in our free grants database
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5 Lakes Institute down — hundreds of funders to go?