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Nonprofiteer
← MADISON REGION ECONOMIC PARTNERSHIP INC

Form 990 for tax year 2023

Filed by MADISON REGION ECONOMIC PARTNERSHIP INC.

Totals

Total revenue
$3,733,917
Total expenses
$4,098,732
Contributions and grants received
$3,650,253
Grants paid
$2,990,000
Program service revenue
$71,964
Investment income
$11,700
Other revenue
$0
Total assets, end of year
$904,529
Total liabilities, end of year
$525,589
Net assets or fund balances, end of year
$378,940
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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)

    $3,350,753

  • 1f · All other contributions, gifts and grants

    $299,500

  • 2a · Program service revenue: PROGRAM EVENT REVENUE

    total $71,964 · related or exempt $71,964

  • 3 · Investment income

    total $11,700 · excluded $11,700

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,990,000

  • 5 · Compensation of officers, directors and key employees

    total $122,398

  • 7 · Other salaries and wages

    total $538,890

  • 9 · Other employee benefits

    total $82,273

  • 10 · Payroll taxes

    total $50,988

  • 11c · Fees: accounting

    total $44,863

  • 11g · Fees: other

    total $98,176

  • 12 · Advertising and promotion

    total $10,448

  • 13 · Office expenses

    total $2,978

  • 16 · Occupancy

    total $60,285

  • 17 · Travel

    total $11,070

  • 19 · Conferences, conventions and meetings

    total $4,019

  • 20 · Interest

    total $140

  • 22 · Depreciation, depletion and amortization

    total $10,535

  • 23 · Insurance

    total $4,949

  • 24a · Other expenses: SPONSOR

    total $30,223

  • 24b · Other expenses: MEMBERSHIP & DUES

    total $13,973

  • 24c · Other expenses: TELECOMMUNICATIONS

    total $8,128

  • 24d · Other expenses: GENERAL WEBSITE & DATABAS

    total $6,197

  • 24e · All other expenses

    total $8,199

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,477,295 · end of year $356,058

  • 2 · Savings and temporary cash investments

    beginning of year $454,367 · end of year $228,213

  • 3 · Pledges and grants receivable

    beginning of year $5,000

  • 4 · Accounts receivable

    beginning of year $157,068 · end of year $112,597

  • 7 · Other notes and loans receivable

    end of year $100,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,270 · end of year $17,084

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

    $55,918

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

    $35,543

  • 10c · Land, buildings and equipment, net

    beginning of year $20,919 · end of year $20,375

  • 15 · Other assets

    beginning of year $49,539 · end of year $70,202

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,520 · end of year $43,934

  • 24 · Unsecured notes and loans payable

    beginning of year $372,210 · end of year $372,210

  • 25 · Other liabilities

    beginning of year $2,013,973 · end of year $109,445

  • 27 · Net assets without donor restrictions

    beginning of year $743,755 · end of year $328,940

  • 28 · Net assets with donor restrictions

    end of year $50,000

Mission and programs · 2023

Mission

TO PROTECT, LEVERAGE, AND ACCELERATE THE GROWTH OF OUR REGIONS STRONGEST ECONCOMIC OPPORTUNITIES AND TO FACILITATE AND SUPPORT COLLABORATIVE REGIONAL EFFORTS THAT PRESERVE AND ENHANCE OUR QUALITY OF LIFE.

  • GROW OUR REGION'S OWN: THE DRIVING FORCE BEHIND NEW JOB AND INVESTMENT GROWTH IS THE EXPANSION OF ALREADY EXISTING COMPANIES. SUPPORTING AND BUILDING THE STREGTH OF THESE COMPANIES AND KEY SECTORS IS THE FOUNDATION OF LONG-TERM ECONOMIC DEVELOPMENT AND IS CENTRAL TO OUR CORE PHILOSOPHY. WE WILL ACCOMPLISH THIS THROUGH TWO PRIMARY INITIATIVES, CAPITAL GROWTH AND SECTOR DEVELOPMENT - INITIATIVE 1: CAPITAL GROWTH 2 REVOLVING LOAN FUND 3 ECONCOMIC DEVELOPMENT DISTRICT EDD AND INITATIVE 2 COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY CEDS - 1 STRATEGY COMMITTEE 2 INPUT SESSIONS AND INVESTORY RECEPTION 3 COMMUNICATIONS

  • BUILD OUR REGION'S COMPETITIVE ADVANTAGE: WE WILL TARGET RESOURCES TOWARD ENSURING THAT THE MADISON REGION'S POLICYMAKERS AND BUSINESS LEADERS HAVE TIMELY AND RELEVANT INFORMATION FROM WHICH TO BASE THEIR DECISIONS. TO MAINTAIN OUR INTERNATIONAL COMPETITIVENESS. IT IS IMPORTANT TO CREATE THE CONTEXT THROUGH GOOD PUBLIC POLICY FOR LONG-TERM ECONOMIC GROWTH AND THE PRESERVATION OF OUR REGION'S QUALITY OF LIFE - INITIATIVE 3 COMMUNICATIONS - 1 WEBSITE DESIGN 2 MEDIA COVERAGE 3 SPEAKING ENGAGEMENTS

  • PROMOTE A REGIONAL CULTURE AND BRAND: CONVENE STAKEHOLDERS FROM ACROSS THE MADISON REGION TO MOBILIZE DIALOGUE ON A RANGE OF IMPORTANT FRONTS, CENTRAL TO THIS COLLABORATION HAS BEEN AND WILL CONTINUE TO BE RAISING AWARENESS OF HOW THE SUCCESS OF ONE PART OF OUR REGION CAN TRANSLATE INTO SUCCESS FOR OUR ENTIRE REGION, GOING FORWARD, OUR WORK WILL BUILD ON THIS STRONG FOUNDATION AND CONTINUE TO BUILD BRIDGES BETWEEN AND WITHIN THE PUBLIC AND PRIVATE SECTORS TO EFFECTUATE TANGIBLE CHANGE AND GROWTH - INITIATIVE 4 REGIONAL PROMOTION & COLLABORATION - 1 BUSINESS LINK - SYNCHRONIST ED PRO SUPPORT

  • EDA SECTOR STRATEGY GRANT, USDA REVOLVING LOAN FUND (RLF) PROGRAM AND MAIN STREET BOUNCE BACK GRANT.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JASON FIELDS

    PRESIDENT

    Total calculated
    $126,682
    From this org
    $126,682
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • PETER TAN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JULIA ARATA-FRATTA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SETH LENTZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NYRA JORDAN

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • JULI AULIK

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • DAVID DE LEON

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • DR MARK THOMAS JR

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    1

  • KATIE BOYCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYAN CHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAM CHRISTENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEANNIE CULLEN SCHULTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID FROHLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK GREENE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIK IVERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBB KAHL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACI MANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM MCCUMBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER MNOOKIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATE OLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE PARISI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR TRACY PIERNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER POLZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SATYA RHODES-CONWAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JON SCHUMACHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID STARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GENIA STEVENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON VANGALIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEREMY WODAJO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS YARBRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM YEHLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KARL ZARLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

  • GRANTS PAID-SEE ATTACHED

    $2,990,000

    MAIN STREET GRANTS

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 October 2024
IRS schema version
2023v5.0
Source object
202443179349302304

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