Civic Intelligence

Madison Ice Inc.

990 • Fiscal year 2024 • EIN 20-0831947

May 01, 2023 to Apr 30, 2024 • Filed on Nov 07, 2024

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

86th percentile

0.58x

Higher debt load relative to assets than 86% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

1.36x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

31st percentile

-3.2%

Higher net margin than 31% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

32nd percentile

-1.3%

Faster asset growth than 32% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

2.4%

Faster revenue growth than 39% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,182,931

Down $43,410 (-1.3%) from 2023

Net Assets

Down

$1,339,883

Down $43,744 (-3.2%) from 2023

Liabilities

Up

$1,843,048

Up $334 (+0.0%) from 2023

Revenue

Up

$1,358,196

Up $31,961 (+2.4%) from 2023

Expenses

Up

$1,401,940

Up $19,341 (+1.4%) from 2023

Net Income

Up

-$43,744

Up $12,620 (+22%) from 2023

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

2024

Assets$3,182,931
Liabilities$1,843,048
Net Assets$1,339,883

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

2024

Revenue$1,358,196
Expenses$1,401,940
Net Income-$43,744
Jump To
Filing Snapshot
Filing Period
May 1, 2023 to Apr 30, 2024
Signed
Nov 7, 2024
Return Version
2023v5.0
Gross Receipts
$1,375,313
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$2,726,191$2,924,146▲ $197,955
Cash and Non-Interest-Bearing Accounts$333,117$122,206▼ $210,911
Accounts Receivable$150,958$80,743▼ $70,215
Savings and Temporary Cash Investments$16,075$55,836▲ $39,761
Total Assets$3,226,341$3,182,931▼ $43,410
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,613,365$1,613,365→ $0
Accounts Payable and Accrued Expenses$223,565$223,593▲ $28
Other Liabilities$5,784$6,090▲ $306
Total Liabilities$1,842,714$1,843,048▲ $334
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,383,627$1,339,883▼ $43,744
Total Net Assets Fund Balance$1,383,627$1,339,883▼ $43,744
Total Liabilities and Net Assets / Fund Balance$3,226,341$3,182,931▼ $43,410

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,389,642$1,606,134$3,995,776
Equipment$534,504$526,507$1,061,011
Compensation and Service Providers

Board Members and Trustees

NameTitle
DAN O' CONNELLPresident
Brad ByceDirector
Jeremy SchlitzDirector
Jesse SondelDirector
Jessica HermsenDirector
Kevin LuekeDirector
Lindsey SchleisDirector
Rachel NeillDirector
Laura Franzen-elmerSecretary
Jim WartinbeeTreasurer
Andrew MendykVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$121,366
Program Service Revenue
$1,204,562
Investment Income
$2,672
Other Revenue
$29,596
All Other Contributions
$121,366
Change in Net Assets
$-43,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$955,145
Salaries, Compensation, and Employee Benefits$446,795
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$566,744--$566,744
Other Salaries and Wages$413,794--$413,794
Depreciation Depletion$147,764--$147,764
Interest$41,153--$41,153
Payroll Taxes$33,001--$33,001
Fees for Services Accounting-$12,001-$12,001
Other Expenses$5,242--$5,242
Information Technology$3,380--$3,380
Office Expenses$2,803--$2,803
All Other Expenses$2,225--$2,225
Advertising-$1,850-$1,850
Total Functional Expenses$1,388,089$13,851$0$1,401,940
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$46,713
Gaming Direct Expenses$17,117
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$6,090
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

MINUTES

Form 990, Page 6, Part VI, Line 11B

Reviewed at board meeting

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon request.

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
2024-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
DAN O' CONNELL
Formed
2004
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
76

Preparer

Firm
Thousand CPA LLC
Address
125 NORTH BROOKWOOD DR PO BOX 64, MOUNT HOREB, WI 53572
Preparer
Alison M Nimz CPA
Phone
6084596005
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IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE EDUCATIONAL ICE SKATING PROGRAMS FOR OVER 950 AREA YOUTH, INDIVIDUALS WITH DISABILITIES AND ADULT COMMUNITY MEMBERS. THE ORGANIZATION HAS CONTINUED TO EXPAND PROGRAM OFFERINGS, ESPECIALLY IN THE LEARN TO SKATE PROGRAMS.
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IRS990/PYContributionsGrantsAmt0118079
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IRS990/PYInvestmentIncomeAmt01576
IRS990/PYOtherExpensesAmt0952131
IRS990/PYProgramServiceRevenueAmt01206580
IRS990/PYRevenuesLessExpensesAmt0-56364
IRS990/PYSalariesCompEmpBnftPaidAmt0430468
IRS990/PYTotalExpensesAmt01382599
IRS990/PYTotalRevenueAmt01326235
IRS990/ReconcilationRevenueExpnssAmt0-43744
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016075
IRS990/SavingsAndTempCashInvstGrp/EOYAmt055836
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0121366
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0118079
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01088001
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02672
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01576
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0689
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0579
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01155
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06671
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04266482
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99390
IRS990ScheduleA/PublicSupportPY170Pct00.99550
IRS990ScheduleA/PublicSupportTotal170Amt01088001
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0121366
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0118079
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01088001
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02389642
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01606134
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03995776
IRS990ScheduleD/EquipmentGrp/BookValueAmt0534504
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0526507
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01061011
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06090
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02924146
IRS990ScheduleD/TotalLiabilityAmt06090
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/GamingInformationGrp/CashPrizesOtherGamingAmt015590
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt015590
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt017117
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt046713
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt046713
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt029596
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt01527
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt01527
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/IndividualWithBooksNm0DAN O'CONNELL
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0725 FORWARD DRIVE
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0MADISON
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0WI
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd053711
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED AT BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MADISON ICE HARTMEYER LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1MADISON ICE MIA LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0200831947
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1200831947
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0ICE RINK
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1ICE RINK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02 E MIFFLIN ST
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt12 E MIFFLIN ST
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0MADISON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1MADISON
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1WI
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd153703
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03226341
IRS990/TotalAssetsEOYAmt03182931
IRS990/TotalAssetsGrp/BOYAmt03226341
IRS990/TotalAssetsGrp/EOYAmt03182931
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0121366
IRS990/TotalEmployeeCnt076
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013851
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01388089
IRS990/TotalFunctionalExpensesGrp/TotalAmt01401940
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01842714
IRS990/TotalLiabilitiesEOYAmt01843048
IRS990/TotalLiabilitiesGrp/BOYAmt01842714
IRS990/TotalLiabilitiesGrp/EOYAmt01843048
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01383627
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01339883
IRS990/TotalProgramServiceExpensesAmt01388089
IRS990/TotalProgramServiceRevenueAmt01204562
IRS990/TotalRevenueGrp/ExclusionAmt02672
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01234158
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01358196
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03226341
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03182931
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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