Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Madison Originals Inc
EIN 26-0698811 • 501(c)6 • Stoughton, WI
Profile
The purpose of this corporation is to serve as a trade association to educate, market and promote the interests of the independent restaurant industry and other purposes consistent with these as approved by the board or members authorized by chapter 181 of the wisconsin statutes.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.66x
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
5th percentile
Higher net margin than 5% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 22.0% of source-year revenue.
Asset Growth
41st percentile
Faster asset growth than 41% of similar nonprofits.
Revenue Growth
13th percentile
Faster revenue growth than 13% of similar nonprofits.
Balance Sheet
Assets
Down$340,068
Down $23,371 (-6.4%) from 2023
Liabilities
Up$222,827
Up $20,286 (+10%) from 2023
Net Assets
Down$117,241
Down $43,657 (-27%) from 2023
Revenue
Down$24,069
Down $19,247 (-44%) from 2023
Expenses
Down$67,725
Down $17,038 (-20%) from 2023
Net Income
Down-$43,656
Down $2,209 (-5.3%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $340,068
- Liabilities
- $222,827
- Net assets
- $117,241
- Revenue
- $24,069
- Expenses
- $67,725
- Net income
- -$43,656
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Apr 7, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $24,069
Mission and Program Overview
Mission
The purpose of this corporation is to serve as a trade association to educate, market and promote the interests of the independent restaurant industry and other purposes consistent with these as approved by the board or members authorized by chapter 181 of the wisconsin statutes.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE PURPOSE OF THIS CORPORATION IS TO SERVE AS A TRADE ASSOCIATION TO EDUCATE, MARKET AND PROMOTE THE INTERESTS OF THE INDEPENDENT RESTAURANT INDUSTRY AND OTHER PURPOSES CONSISTENT WITH THESE AS APPROVED BY THE BOARD OR MEMBERS AUTHORIZED BY CHAPTER 181 OF THE WISCONSIN STATUTES. | - | - |
| THE PURPOSE OF THIS CORPORATION IS TO SERVE AS A TRADE ASSOCIATION TO EDUCATE, MARKET AND PROMOTE THE INTERESTS OF THE INDEPENDENT RESTAURANT INDUSTRY AND OTHER PURPOSES CONSISTENT WITH THESE AS APPROVED BY THE BOARD OR MEMBERS AUTHORIZED BY CHAPTER 181 OF THE WISCONSIN STATUTES. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JIM MOROVIC | Director | - | $5,302 | - | $5,302 |
| AIMEE ANDERSON | President | - | $0 | - | - |
| JD DUNCAN | Board Member | - | $0 | - | - |
| DAN WEISS | Board Direct | - | $0 | - | - |
| TRACI MOROVIC | Secretary/Tr | - | $0 | - | - |
| MOLLY MCCOLLUM | Vice Preside | - | $0 | - | - |
| TROY ROST | Board Member | - | $0 | - | - |
| STEPH MARTIN | Board Direct | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Madison Originals Inc
- EIN
- 26-0698811
- Phone
- 6082790889
- Address
- 1724 N RED OAK DRIVE, STOUGHTON, WI 53589
Signing Officer
- Name
- Traci Morovic
- Title
- Secretary/treasurer
- Phone
- 6089577742
- Signed
- 2025-04-07
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Ewh Small Business Accounting Sc
- Address
- 1613 MAIN ST STE 4, ONALASKA, WI 54650
- Preparer
- Angela Jonescpa
- Phone
- 6087815625
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“From csa import advertising & promotion 17,785 office expense 857 operating supplies 336 wi dfi renewal 20 insurance 1,044 total 20,042”
Form 990-ez, Part II, Line 24
“Fixtures and equipment 930 930 accumulated depreciation 0 0 less accumulated depreciation 930 930 total 0 0”
Form 990-ez, Part II, Line 26
“Deferred revenue 202,540 222,815 accrued unemployment tax 1 12”
Form 990-ez, Part III
“The purpose of this corporation is to serve as a trade association to educate, market and promote the interests of the independent restaurant industry and other purposes consistent with these as approved by the board or members authorized by chapter 181 of the wisconsin statutes.”
Form 990-ez, Part III, Line 28
“The purpose of this corporation is to serve as a trade association to educate, market and promote the interests of the independent restaurant industry and other purposes consistent with these as approved by the board or members authorized by chapter 181 of the wisconsin statutes.”
Form 990-ez, Part III, Line 31
“The purpose of this corporation is to serve as a trade association to educate, market and promote the interests of the independent restaurant industry and other purposes consistent with these as approved by the board or members authorized by chapter 181 of the wisconsin statutes.”
Raw XML Appendix129 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MADISON ORIGINALS |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt | 0 | MADISON ORIGINALS INC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6083568757 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 259501 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | PO BOX 259501 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MADISON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | WI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 53725 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 363438 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 340068 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -43656 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 32553 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 363438 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 340068 |
| IRS990EZ/GrossReceiptsAmt | 0 | 24069 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 781 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 160897 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 117241 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 160897 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 117241 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 5302 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | AIMEE ANDERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JD DUNCAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DAN WEISS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TRACI MOROVIC |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MOLLY MCCOLLUM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | TROY ROST |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | STEPH MARTIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | JIM MOROVIC |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD DIRECT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY/TR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | BOARD DIRECT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 20042 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PURPOSE OF THIS CORPORATION IS TO SERVE AS A TRADE ASSOCIATION TO EDUCATE, MARKET AND PROMOTE THE INTERESTS OF THE INDEPENDENT RESTAURANT INDUSTRY AND OTHER PURPOSES CONSISTENT WITH THESE AS APPROVED BY THE BOARD OR MEMBERS AUTHORIZED BY CHAPTER 181 OF THE WISCONSIN STATUTES. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 235 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 23288 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE PURPOSE OF THIS CORPORATION IS TO SERVE AS A TRADE ASSOCIATION TO EDUCATE, MARKET AND PROMOTE THE INTERESTS OF THE INDEPENDENT RESTAURANT INDUSTRY AND OTHER PURPOSES CONSISTENT WITH THESE AS APPROVED BY THE BOARD OR MEMBERS AUTHORIZED BY CHAPTER 181 OF THE WISCONSIN STATUTES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | THE PURPOSE OF THIS CORPORATION IS TO SERVE AS A TRADE ASSOCIATION TO EDUCATE, MARKET AND PROMOTE THE INTERESTS OF THE INDEPENDENT RESTAURANT INDUSTRY AND OTHER PURPOSES CONSISTENT WITH THESE AS APPROVED BY THE BOARD OR MEMBERS AUTHORIZED BY CHAPTER 181 OF THE WISCONSIN STATUTES. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 14895 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 202541 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 222827 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 67725 |
| IRS990EZ/TotalRevenueAmt | 0 | 24069 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.MADISONORIGINALS.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FROM CSA IMPORT ADVERTISING & PROMOTION 17,785 OFFICE EXPENSE 857 OPERATING SUPPLIES 336 WI DFI RENEWAL 20 INSURANCE 1,044 TOTAL 20,042 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FIXTURES AND EQUIPMENT 930 930 ACCUMULATED DEPRECIATION 0 0 LESS ACCUMULATED DEPRECIATION 930 930 TOTAL 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DEFERRED REVENUE 202,540 222,815 ACCRUED UNEMPLOYMENT TAX 1 12 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE PURPOSE OF THIS CORPORATION IS TO SERVE AS A TRADE ASSOCIATION TO EDUCATE, MARKET AND PROMOTE THE INTERESTS OF THE INDEPENDENT RESTAURANT INDUSTRY AND OTHER PURPOSES CONSISTENT WITH THESE AS APPROVED BY THE BOARD OR MEMBERS AUTHORIZED BY CHAPTER 181 OF THE WISCONSIN STATUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE PURPOSE OF THIS CORPORATION IS TO SERVE AS A TRADE ASSOCIATION TO EDUCATE, MARKET AND PROMOTE THE INTERESTS OF THE INDEPENDENT RESTAURANT INDUSTRY AND OTHER PURPOSES CONSISTENT WITH THESE AS APPROVED BY THE BOARD OR MEMBERS AUTHORIZED BY CHAPTER 181 OF THE WISCONSIN STATUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE PURPOSE OF THIS CORPORATION IS TO SERVE AS A TRADE ASSOCIATION TO EDUCATE, MARKET AND PROMOTE THE INTERESTS OF THE INDEPENDENT RESTAURANT INDUSTRY AND OTHER PURPOSES CONSISTENT WITH THESE AS APPROVED BY THE BOARD OR MEMBERS AUTHORIZED BY CHAPTER 181 OF THE WISCONSIN STATUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 28 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TRACI MOROVIC |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY/TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6089577742 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-04-07 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MADISON ORIGINALS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MADI |
| ReturnHeader/Filer/EIN | 0 | 260698811 |
| ReturnHeader/Filer/PhoneNum | 0 | 6082790889 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1724 N RED OAK DRIVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | STOUGHTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 53589 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 391330512 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | EWH SMALL BUSINESS ACCOUNTING SC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1613 MAIN ST STE 4 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ONALASKA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 54650 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6087815625 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-28 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANGELA JONESCPA |
| ReturnHeader/ReturnTs | 0 | 2025-05-28T15:24:04-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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