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Nonprofiteer
← MADISON FESTIVALS INC

Form 990 for tax year 2024

Filed by MADISON FESTIVALS INC.

Totals

Total revenue
$1,750,802
Total expenses
$1,366,609
Contributions and grants received
$19,984
Grants paid
$0
Program service revenue
$1,325,344
Investment income
$12,535
Other revenue
$392,939
Total assets, end of year
$950,749
Total liabilities, end of year
$371,306
Net assets or fund balances, end of year
$579,443
Program services expenses (Part IX)
$1,099,463
Management and general expenses
$251,228
Fundraising expenses
$15,918
Program service expenses (Part III)
$1,099,463

Program services were 80.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SARA KLEMME

    PRESIDENT

    Total calculated
    $150,276
    From this org
    $150,276
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,276
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $150,276
  • ELYSE SMITHBACK

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • JORDAN BRIGHT

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • ASHLEY HEIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • MARK ANDERSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • ALEX PEIRCE

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • ANDREA MACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JAMIE PATRICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JANE FITZGERALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JON LICA

    DIRECTOR (THRU FEB)

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL LUEHRS

    DIRECTOR (THRU JAN)

    Total calculated
    $0
    Hours/week
    1
  • LEANN PLOESSL

    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. 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

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 June 2025
IRS schema version
2024v5.1
Source object
202501569349300645

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