Totals
- Total revenue
- $1,364,433
- Total expenses
- $1,638,569
- Contributions and grants received
- $38,718
- Grants paid
- $0
- Program service revenue
- $848,539
- Investment income
- $1,218
- Other revenue
- $475,958
- Total assets, end of year
- $499,758
- Total liabilities, end of year
- $362,077
- Net assets or fund balances, end of year
- $137,681
- Program services expenses (Part IX)
- $1,248,966
- Management and general expenses
- $378,612
- Fundraising expenses
- $10,991
- Program service expenses (Part III)
- $1,248,966
Program services were 76.2% 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.
-
1f · All other contributions, gifts and grants
$38,718
-
1g · Noncash contributions included above
$36,418
-
2a · Program service revenue: MADISON MARATHON REVENUE
total $513,990 · related or exempt $513,990
-
2b · Program service revenue: TASTE OF MADISON REVENUE
total $227,790 · related or exempt $227,790
-
2c · Program service revenue: RUN MADTOWN REVENUE
total $106,759 · related or exempt $106,759
-
3 · Investment income
total $1,218 · excluded $1,218
-
10a · Gross sales of inventory
$591,000
-
10b · Cost of goods sold
$153,850
-
10c · Net income from sales of inventory
total $437,150 · excluded $437,150
-
11d · All other revenue
total $38,808 · excluded $38,808
-
11e · Other revenue, total
$38,808
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $135,527 · program services $43,056 · management and general $84,634 · fundraising $7,837
-
7 · Other salaries and wages
total $2,785 · program services $885 · management and general $1,739 · fundraising $161
-
9 · Other employee benefits
total $13,200 · program services $4,194 · management and general $8,243 · fundraising $763
-
10 · Payroll taxes
total $12,472 · program services $3,962 · management and general $7,788 · fundraising $722
-
11b · Fees: legal
total $5,063 · management and general $5,063
-
11c · Fees: accounting
total $26,839 · management and general $26,839
-
11g · Fees: other
total $485,290 · program services $476,139 · management and general $8,447 · fundraising $704
-
12 · Advertising and promotion
total $52,236 · program services $52,236
-
13 · Office expenses
total $168,133 · program services $160,096 · management and general $8,037
-
14 · Information technology
total $10,207 · program services $8,241 · management and general $1,966
-
17 · Travel
total $6,782 · program services $6,673 · management and general $109
-
20 · Interest
total $4,124 · program services $1,443 · management and general $2,475 · fundraising $206
-
22 · Depreciation, depletion and amortization
total $9,867 · program services $9,867
-
23 · Insurance
total $11,961 · program services $4,186 · management and general $7,177 · fundraising $598
-
24a · Other expenses: EQUIPMENT RENTAL
total $279,773 · program services $279,173 · management and general $600
-
24b · Other expenses: SALES TAX
total $210,926 · management and general $210,926
-
24c · Other expenses: EVENT ENTERTAINMENT
total $159,551 · program services $159,551
-
24d · Other expenses: MEALS
total $41,963 · program services $39,264 · management and general $2,699
-
24e · All other expenses
total $1,870 · management and general $1,870
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,217 · end of year $36,228
-
2 · Savings and temporary cash investments
beginning of year $609,272 · end of year $347,244
-
4 · Accounts receivable
beginning of year $10,041 · end of year $38,838
-
9 · Prepaid expenses and deferred charges
beginning of year $26,311 · end of year $60,905
-
10a · Land, buildings and equipment: cost or other basis
$63,176
-
10b · Land, buildings and equipment: accumulated depreciation
$46,633
-
10c · Land, buildings and equipment, net
beginning of year $26,410 · end of year $16,543
-
17 · Accounts payable and accrued expenses
beginning of year $113,434 · end of year $154,858
-
19 · Deferred revenue
beginning of year $0 · end of year $56,753
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $466
-
25 · Other liabilities
beginning of year $150,000 · end of year $150,000
-
27 · Net assets without donor restrictions
beginning of year $411,817 · end of year $137,681
Mission and programs · 2022
Mission
WE ASPIRE TO BRING TOGETHER PEOPLE, BUSINESSES, AND CHARITABLE ORGANIZATIONS THROUGH EVOLVING, BEST-IN-CLASS EVENTS THAT ENRICH OUR COMMUNITY.
Activities or mission (Part I)
TO PRODUCE AND DEVELOP EVENTS IN THE GREATER MADISON COMMUNITY THAT ENRICH OUR COMMUNITY BY BRINGING TOGETHER PEOPLE, BUSINESSES, AND CHARITIES.
-
TASTE OF MADISON - HELD SINCE 1983, THE TASTE OF MADISON IS MADISON FESTIVALS' FLAGSHIP EVENT. MADISON'S END-OF-SUMMER PICNIC WITH OVER 75 RESTAURANTS, THREE ENTERTAINMENT STAGES, AND OVER 25 BEVERAGE STANDS DRAWS OVER 250,000 PEOPLE TO THE CAPITOL SQUARE OVER SATURDAY AND SUNDAY OF LABOR DAY WEEKEND. TASTE OF MADISON HAS RAISED OVER $1.0 MILLION DOLLARS SINCE 1995 FOR LOCAL NON-PROFIT AND CHARITABLE ORGANIZATIONS.
Expenses $692,416 · Revenue $227,790
-
MADISON MARATHON - THE MADISON MARATHON AND HALF MARATHON IS HELD OVER VETERANS DAY WEEKEND IN EARLY NOVEMBER. ALL RACES BEGIN AND FINISH ON CAPITOL SQUARE. AN EXPO IS HELD ON THE FRIDAY AND SATURDAY PRIOR TO SUNDAY'S RACE DAY. THE MADISON MARATHON BENEFITS OVER 40 LOCAL NONPROFITS AND CHARITIES ANNUALLY.
Expenses $388,065 · Revenue $513,990
-
RUN MADTOWN - RUN MADTOWN IS HELD OVER MEMORIAL DAY WEEKEND ANNUALLY AND FEATURES FOUR DIFFERENT RACES. ALL RACES BEGIN AND FINISH ON THE CAPITOL SQUARE. AN EXPO IS HELD ON THE FRIDAY AND SATURDAY PRIOR TO SATURDAY EVENING'S AND SUNDAY'S RACES. RUN MADTOWN BENEFITS OVER 40 LOCAL CHARITIES ANNUALLY. MADISON FESTIVALS SOLD RUN MADTOWN TO ENDURANCE MARKETING IN SEPTEMBER 2022.
Expenses $168,485 · Revenue $106,759
As filed on the 2022 return.
Listed in Part VII
-
Sara KlemmeSARA KLEMME
PRESIDENT
- Total calculated
- $135,527
- From this org
- $135,527
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jordan BrightJORDAN BRIGHT
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ashley HeinASHLEY HEIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Elyse SmithbackELYSE SMITHBACK
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mark AndersonMARK ANDERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Alex PeirceALEX PEIRCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea MaceANDREA MACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie ReinkeBONNIE REINKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jane FitzgeraldJANE FITZGERALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John WalshJOHN WALSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael LuehrsMICHAEL LUEHRS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jenny WartinbeeJENNY WARTINBEE
DIRECTOR (THRU NOV)
- Total calculated
- $0
- Hours/week
- 1
-
Jon LicaJON LICA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie PatrickJAMIE PATRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Uchenna JonesUCHENNA JONES
DIRECTOR (THRU NOV)
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302169349300435
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