Civic Intelligence

Madison Ice Inc.

990 • Fiscal year 2016 • EIN 20-0831947

May 01, 2015 to Apr 30, 2016 • Filed on Aug 18, 2016

725 Forward DriveMadison, WI 53711

(608) 204-7606

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.79x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

1.50x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

53rd percentile

2.9%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

24th percentile

-4.3%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

74th percentile

17%

Faster revenue growth than 74% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,203,929

Down $98,668 (-4.3%) from 2015

Net Assets

Up

$459,988

Up $56,761 (+14%) from 2015

Liabilities

Down

$1,743,941

Down $155,429 (-8.2%) from 2015

Revenue

Up

$1,161,168

Up $167,326 (+17%) from 2015

Expenses

Up

$1,127,168

Up $132,867 (+13%) from 2015

Net Income

Up

$34,000

Up $34,459 (+7507%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,272,198Liabilities 2010: $1,735,461Net Assets 2010: $536,7372010Assets 2011: $2,177,492Liabilities 2011: $1,750,193Net Assets 2011: $427,2992011Assets 2012: $2,076,932Liabilities 2012: $1,699,151Net Assets 2012: $377,7812012Assets 2013: $2,110,508Liabilities 2013: $1,747,664Net Assets 2013: $362,8442013Assets 2014: $2,401,616Liabilities 2014: $1,997,930Net Assets 2014: $403,6862014Assets 2015: $2,302,597Liabilities 2015: $1,899,370Net Assets 2015: $403,2272015Assets 2016: $2,203,929Liabilities 2016: $1,743,941Net Assets 2016: $459,9882016Assets 2017: $3,029,831Liabilities 2017: $2,453,798Net Assets 2017: $576,0332017Assets 2018: $3,376,853Liabilities 2018: $2,640,703Net Assets 2018: $736,1502018Assets 2019: $3,296,307Liabilities 2019: $2,321,401Net Assets 2019: $974,9062019Assets 2020: $3,137,263Liabilities 2020: $2,021,492Net Assets 2020: $1,115,7712020Assets 2021: $3,122,878Liabilities 2021: $1,825,828Net Assets 2021: $1,297,0502021Assets 2022: $3,210,061Liabilities 2022: $1,769,821Net Assets 2022: $1,440,2402022Assets 2023: $3,226,341Liabilities 2023: $1,842,714Net Assets 2023: $1,383,6272023Assets 2024: $3,182,931Liabilities 2024: $1,843,048Net Assets 2024: $1,339,8832024Assets 2025: $3,147,307Liabilities 2025: $1,932,132Net Assets 2025: $1,215,1752025

Highlighted filing

2016

Assets$2,203,929
Liabilities$1,743,941
Net Assets$459,988

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $937,8042010Expenses 2011: $908,7852011Expenses 2012: $891,7382012Expenses 2013: $915,7282013Revenue 2014: $1,037,588Expenses 2014: $996,746Net Income 2014: $40,8422014Revenue 2015: $993,842Expenses 2015: $994,301Net Income 2015: -$4592015Revenue 2016: $1,161,168Expenses 2016: $1,127,168Net Income 2016: $34,0002016Revenue 2017: $1,434,117Expenses 2017: $1,323,161Net Income 2017: $110,9562017Revenue 2018: $1,472,928Expenses 2018: $1,305,590Net Income 2018: $167,3382018Revenue 2019: $1,594,025Expenses 2019: $1,355,398Net Income 2019: $238,6272019Revenue 2020: $1,311,170Expenses 2020: $1,170,268Net Income 2020: $140,9022020Revenue 2021: $1,087,972Expenses 2021: $906,927Net Income 2021: $181,0452021Revenue 2022: $1,229,246Expenses 2022: $1,086,116Net Income 2022: $143,1302022Revenue 2023: $1,326,235Expenses 2023: $1,382,599Net Income 2023: -$56,3642023Revenue 2024: $1,358,196Expenses 2024: $1,401,940Net Income 2024: -$43,7442024Revenue 2025: $1,288,340Expenses 2025: $1,413,048Net Income 2025: -$124,7082025

Highlighted filing

2016

Revenue$1,161,168
Expenses$1,127,168
Net Income$34,000
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Aug 18, 2016
Return Version
2015v2.1
Gross Receipts
$1,163,868
Mission and Program Overview

Mission

To provide ice skating facilities to individuals and organizations. Offering organized activities to youth, disabled individuals and adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,214,230$2,112,702▼ $101,528
Loans From Officers Directors$175,000$174,300▼ $700
Savings and Temporary Cash Investments$65,883$78,084▲ $12,201
Cash and Non-Interest-Bearing Accounts$15,189$10,455▼ $4,734
Pledges and Grants Receivable$3,450$1,688▼ $1,762
Accounts Receivable$3,845$1,000▼ $2,845
Total Assets$2,302,597$2,203,929▼ $98,668
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,542,670$1,436,018▼ $106,652
Other Liabilities$102,746$102,792▲ $46
Accounts Payable and Accrued Expenses$78,954$30,831▼ $48,123
Total Liabilities$1,899,370$1,743,941▼ $155,429
Net Assets / Fund Balance
Unrestricted Net Assets$403,227$459,988▲ $56,761
Total Net Assets Fund Balance$403,227$459,988▲ $56,761
Total Liabilities and Net Assets / Fund Balance$2,302,597$2,203,929▼ $98,668

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,112,702$583,058-
Equipment-$359,642-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan O ConnellPresident
Vic LevineVice President
Chuck ChvalaDirector
Dr Mitch WolfDirector
Jeff SauerDirector
Jeff Spitzer-resnickDirector
Jerry KennedyDirector
Mark DingleDirector
William W ThousandDirector
Greg CollinsSecratary
Jim WartinbeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$110,685
Program Service Revenue
$1,014,585
Investment Income
$105
Other Revenue
$35,793
All Other Contributions
$110,685
Change in Net Assets
$34,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$764,586
Salaries, Compensation, and Employee Benefits$362,582
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$472,963$0$0$472,963
Other Salaries and Wages$323,221$13,468$0$336,689
Depreciation Depletion$121,528$0$0$121,528
Interest$68,483$0$0$68,483
Payroll Taxes$24,857$1,036$0$25,893
Fees for Services Accounting$0$7,521$0$7,521
Office Expenses$3,945$0$0$3,945
Advertising$0$2,504$0$2,504
Information Technology$231$0$0$231
Total Functional Expenses$1,102,639$24,529$0$1,127,168
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$175,000$174,300▼ $700
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of credit$98,068
Payroll tax liabilities$4,724
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Madison Ice Inc
EIN
20-0831947
Phone
6082047606
Address
725 Forward Drive, Madison, WI 53711

Signing Officer

Name
DAN O'CONNELL
Title
President
Phone
6082047606
Signed
2016-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
DAN O'CONNELL
Formed
2004
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
106
Volunteers
0

Preparer

Firm
Thousand CPA LLC
Address
1809 SPRINGDALE STREET SUITE 203, MOUNT HOREB, WI 53572
Preparer
William W Thousand CPA
Phone
6084377730
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Reviewed at Board Meeting

Pt VI, Line 8B

Minutes

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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0646227
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065883
IRS990/SavingsAndTempCashInvstGrp/EOYAmt078084
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Miscel & billin adjustments 2011: 1492. 2012: 0. 2013: 3278.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0110685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020842
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt077402
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010716
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt034897
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0254542
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0105
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt046
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt064
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt068
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02312
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03278
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01492
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04770
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97290
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.95620
IRS990ScheduleA/PublicSupportTotal170Amt0254542
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0110685
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020842
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt077402
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt010716
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt034897
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0254542
IRS990ScheduleA/TotalSupportAmt0261624
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02112702
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0583058
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02695760
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0359642
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0359642
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt098068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14724
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Line of credit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll tax liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02112702
IRS990ScheduleD/TotalLiabilityAmt0102792
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0174300
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1operations
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0175000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DAN O'CONNELL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1GARY SHUCHUK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Former officer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt0174300
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed at Board Meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Minutes
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8b
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Madison Ice Hartmeyer LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1Madison Ice MIA LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0200831947
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1200831947
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1WI
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0ICE RINK
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1ICE RINK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02 East Mifflin Street
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt12 East Mifflin Street
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Madison
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1Madison
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1WI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd053703
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd153703
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02302597
IRS990/TotalAssetsEOYAmt02203929
IRS990/TotalAssetsGrp/BOYAmt02302597
IRS990/TotalAssetsGrp/EOYAmt02203929
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0110685
IRS990/TotalEmployeeCnt0106
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024529
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01102639
IRS990/TotalFunctionalExpensesGrp/TotalAmt01127168
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01899370
IRS990/TotalLiabilitiesEOYAmt01743941
IRS990/TotalLiabilitiesGrp/BOYAmt01899370
IRS990/TotalLiabilitiesGrp/EOYAmt01743941
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0403227
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0459988
IRS990/TotalProgramServiceExpensesAmt01102639
IRS990/TotalProgramServiceRevenueAmt01014585
IRS990/TotalRevenueGrp/ExclusionAmt0105
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01050378
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01161168
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02302597
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02203929
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0403227
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0459988
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 E Mifflin St
IRS990/USAddress/CityNm0Madison

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.15$1.93$1.22$1.29$1.41$0.12
2024Detailed filing. Detailed filing data is available for this year.$3.18$1.84$1.34$1.36$1.40$0.04
2023Detailed filing. Detailed filing data is available for this year.$3.23$1.84$1.38$1.33$1.38$0.06
2022Detailed filing. Detailed filing data is available for this year.$3.21$1.77$1.44$1.23$1.09$0.14
2021Detailed filing. Detailed filing data is available for this year.$3.12$1.83$1.30$1.09$0.91$0.18
2020Detailed filing. Detailed filing data is available for this year.$3.14$2.02$1.12$1.31$1.17$0.14
2019Detailed filing. Detailed filing data is available for this year.$3.30$2.32$0.97$1.59$1.36$0.24
2018Detailed filing. Detailed filing data is available for this year.$3.38$2.64$0.74$1.47$1.31$0.17
2017Detailed filing. Detailed filing data is available for this year.$3.03$2.45$0.58$1.43$1.32$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.20$1.74$0.46$1.16$1.13$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.30$1.90$0.40$0.99$0.99$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.40$2.00$0.40$1.04$1.00$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$1.75$0.36$0.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$1.70$0.38$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$1.75$0.43$0.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$1.74$0.54$0.94