Civic Intelligence

Madison Regatta Inc

990 • Fiscal year 2017 • EIN 35-6071199

Sep 01, 2016 to Aug 31, 2017 • Filed on Dec 18, 2017

Organization ProfileWWW.MADISONREGATTA.COM
PO Box 341Madison, IN 47250

(812) 292-5031

Siviq Scores

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

Liabilities / Assets

89th percentile

0.38x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.16x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

79th percentile

19%

Faster revenue growth than 79% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$136,979

Up $15,064 (+12%) from 2016

Net Assets

Down

$84,514

Down $37,401 (-31%) from 2016

Liabilities

Up

$52,465

Up $52,465 from 2016

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin22nd percentile

Revenue

Up

$327,051

Up $51,900 (+19%) from 2016

Expenses

Up

$364,452

Up $171,821 (+89%) from 2016

Net Income

Down

-$37,401

Down $119,921 (-145%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$300K$200K$100K$0Assets 2016: $121,915Liabilities 2016: $0Net Assets 2016: $121,9152016Assets 2017: $136,979Liabilities 2017: $52,465Net Assets 2017: $84,5142017Assets 2018: $108,426Liabilities 2018: $60,107Net Assets 2018: $48,3192018Assets 2019: $63,370Liabilities 2019: $50,722Net Assets 2019: $12,6482019Assets 2020: $81,019Liabilities 2020: $51,853Net Assets 2020: $29,1662020Assets 2021: $225,902Liabilities 2021: $51,829Net Assets 2021: $174,0732021Assets 2022: $261,771Liabilities 2022: $51,829Net Assets 2022: $209,9422022Assets 2023: $195,855Liabilities 2023: $0Net Assets 2023: $195,8552023Assets 2024: $210,654Liabilities 2024: $661Net Assets 2024: $209,9932024

Highlighted filing

2017

Assets$136,979
Liabilities$52,465
Net Assets$84,514
Open 2017 Filing

Operations Trend

Revenue Growth79th percentile

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

$1.0M$500K$0-$500KRevenue 2016: $275,151Expenses 2016: $192,631Net Income 2016: $82,5202016Revenue 2017: $327,051Expenses 2017: $364,452Net Income 2017: -$37,4012017Revenue 2018: $526,328Expenses 2018: $494,327Net Income 2018: $32,0012018Revenue 2019: $527,539Expenses 2019: $563,210Net Income 2019: -$35,6712019Revenue 2020: $83,894Expenses 2020: $45,111Net Income 2020: $38,7832020Revenue 2021: $577,913Expenses 2021: $433,006Net Income 2021: $144,9072021Revenue 2022: $131,477Expenses 2022: $95,608Net Income 2022: $35,8692022Revenue 2023: $645,511Expenses 2023: $657,919Net Income 2023: -$12,4082023Revenue 2024: $950,655Expenses 2024: $934,837Net Income 2024: $15,8182024

Highlighted filing

2017

Revenue$327,051
Expenses$364,452
Net Income-$37,401
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Dec 18, 2017
Return Version
2016v3.0
Gross Receipts
$327,051
Mission and Program Overview

Mission

To provide services related to the hydroplane race and festival events

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$53,357$79,461▲ $26,104
Land, Buildings, and Equipment, Net$52,630$50,686▼ $1,944
Cash and Non-Interest-Bearing Accounts$15,928$6,832▼ $9,096
Total Assets$121,915$136,979▲ $15,064
Liabilities
Accounts Payable and Accrued Expenses-$52,465-
Total Liabilities$0$52,465▲ $52,465
Net Assets / Fund Balance
Unrestricted Net Assets$121,915$84,514▼ $37,401
Total Net Assets Fund Balance$121,915$84,514▼ $37,401
Total Liabilities and Net Assets / Fund Balance$121,915$136,979▲ $15,064

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$50,686$50,172$100,858
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Dan ColePresident
Andrew ForresterDirector
Angie ParksDirector
Beth CampbellDirector
Buddy GawDirector
Carolyn FischerDirector
Denny JacksonDirector
Harold PerryDirector
Joe VollDirector
John KnoebelDirector
Mary BatesDirector
Mike AdamsDirector
Mike StuckerDirector
Nate DavisDirector
Ricky HighmanDirector
Roger SnellDirector
Tim BipesDirector
Tommy LawryDirector
Josh GourleyDirector (no
Pat BrooksDirector (no
Gene ParksAsst Race Ch
Kim WasherFestival CHA
Charlie GroomsMiss Madison
Joe HertzPast Preside
Crystal MchargueRacesite Mgr
Dana AdamsSecretary
Marc MerrilleSponsorship
Jeff ChandlerTreasurer
Matt TrueVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$327,051
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-37,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$364,452
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$174,090--$174,090
Other Expenses$19,500--$19,500
Depreciation Depletion$1,944--$1,944
Occupancy$1,613--$1,613
Fees for Services Accounting$1,389--$1,389
Total Functional Expenses$364,452$0$0$364,452
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
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 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Madison Regatta Inc
EIN
35-6071199
Phone
8122925031
Address
PO BOX 341, MADISON, IN 47250

Signing Officer

Name
Jeff Chandler
Title
Treasurer
Phone
8122924031
Signed
2017-12-18

Organization Details

Principal Officer
Jeff Chandler
Formed
1955
Legal Domicile
In
Voting Board Members
28
Independent Board Members
28
Employees
0
Volunteers
75

Preparer

Firm
Sherman Barber & Mullikin Pc
Address
210 W 3RD ST, MADISON, IN 47250-3339
Preparer
Kevin W Mullikin CPA
Phone
8122655312
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To provide services related to staging hydroplane race and festival events in madison, in”

Form 990, Part IX, Line 24E

“Treasurer - vip expense 16,272 0 0 miscellaneous expense 15,500 0 0 festival chair - music ex 15,253 0 0 treasurer - event staff 14,782 0 0 v.p. & land manager - san 14,375 0 0 land expense-temt rental 13,058 0 0 v.p. & land manager - sou 9,864 0 0 v.p. & land manager - gol 9,645 0 0 v.p. & land manager - pro 8,833 0 0 treasurer - commission ga 7,975 0 0 marketing chair - program 7,336 0 0 sponsorship expense 7,189 0 0 festival chair - balloon 5,886 0 0 treasurer - office expens 5,732 0 0 race chair - safety & res 3,962 0 0 v.p. & land manager - rv 3,058 0 0 race chair - pit expense 2,561 0 0 race chair - apba dues 2,225 0 0 marketing chair - publici 1,864 0 0 treasurer - wrist band ex 1,825 0 0 festival chair - teen pag 1,732 0 0 rental expense 1,463 0 0 marketing chair - web sit 1,145 0 0 treasurer - telephone 1,000 0 0 marketing chair - sponsor 960 0 0 race chair - race trophie 350 0 0 treasurer - parking pass 196 0 0 race chair - race course 49 0 0 total 174,090 0 0”

Raw XML AppendixShowing 400 of 422 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
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IRS990/GrossReceiptsAmt0327051
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt028
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt050172
IRS990/LandBldgEquipBasisNetGrp/BOYAmt052630
IRS990/LandBldgEquipBasisNetGrp/EOYAmt050686
IRS990/LandBldgEquipCostOrOtherBssAmt0100858
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE SERVICES RELATED TO THE HYDROPLANE RACE AND FESTIVAL EVENTS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0121915
IRS990/NetAssetsOrFundBalancesEOYAmt084514
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01613
IRS990/OccupancyGrp/TotalAmt01613
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0RACE CHAIR - PRIZE MONEY
IRS990/OtherExpensesGrp/Desc1RACE CHAIR - GPW CLASS EX
IRS990/OtherExpensesGrp/Desc2RACE CHAIR - K & K INSURA
IRS990/OtherExpensesGrp/Desc3RACE CHAIR - CRANE EXPENS
IRS990/OtherExpensesGrp/ProgramServicesAmt079615
IRS990/OtherExpensesGrp/ProgramServicesAmt160000
IRS990/OtherExpensesGrp/ProgramServicesAmt226301
IRS990/OtherExpensesGrp/ProgramServicesAmt319500
IRS990/OtherExpensesGrp/TotalAmt079615
IRS990/OtherExpensesGrp/TotalAmt160000
IRS990/OtherExpensesGrp/TotalAmt226301
IRS990/OtherExpensesGrp/TotalAmt319500
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JEFF CHANDLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM RELATED EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIP INCOME
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM BOOK
IRS990/ProgramServiceRevenueGrp/Desc3TREASURER - MEMBERSHIP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0233092
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt190320
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22514
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31125
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0233092
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt190320
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22514
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31125
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROVIDE SERVICES RELATED TO STAGING HYDROPLANE RACE AND FESTIVAL EVENTS IN MADISON, IN
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0192631
IRS990/PYProgramServiceRevenueAmt0275151
IRS990/PYRevenuesLessExpensesAmt082520
IRS990/PYTotalExpensesAmt0192631
IRS990/PYTotalRevenueAmt0275151
IRS990/ReconcilationRevenueExpnssAmt0-37401
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt050686
IRS990ScheduleD/BuildingsGrp/DepreciationAmt050172
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0100858
IRS990ScheduleD/TotalBookValueLandBuildingsAmt050686
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE SERVICES RELATED TO STAGING HYDROPLANE RACE AND FESTIVAL EVENTS IN MADISON, IN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TREASURER - VIP EXPENSE 16,272 0 0 MISCELLANEOUS EXPENSE 15,500 0 0 FESTIVAL CHAIR - MUSIC EX 15,253 0 0 TREASURER - EVENT STAFF 14,782 0 0 V.P. & LAND MANAGER - SAN 14,375 0 0 LAND EXPENSE-TEMT RENTAL 13,058 0 0 V.P. & LAND MANAGER - SOU 9,864 0 0 V.P. & LAND MANAGER - GOL 9,645 0 0 V.P. & LAND MANAGER - PRO 8,833 0 0 TREASURER - COMMISSION GA 7,975 0 0 MARKETING CHAIR - PROGRAM 7,336 0 0 SPONSORSHIP EXPENSE 7,189 0 0 FESTIVAL CHAIR - BALLOON 5,886 0 0 TREASURER - OFFICE EXPENS 5,732 0 0 RACE CHAIR - SAFETY & RES 3,962 0 0 V.P. & LAND MANAGER - RV 3,058 0 0 RACE CHAIR - PIT EXPENSE 2,561 0 0 RACE CHAIR - APBA DUES 2,225 0 0 MARKETING CHAIR - PUBLICI 1,864 0 0 TREASURER - WRIST BAND EX 1,825 0 0 FESTIVAL CHAIR - TEEN PAG 1,732 0 0 RENTAL EXPENSE 1,463 0 0 MARKETING CHAIR - WEB SIT 1,145 0 0 TREASURER - TELEPHONE 1,000 0 0 MARKETING CHAIR - SPONSOR 960 0 0 RACE CHAIR - RACE TROPHIE 350 0 0 TREASURER - PARKING PASS 196 0 0 RACE CHAIR - RACE COURSE 49 0 0 TOTAL 174,090 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0121915
IRS990/TotalAssetsEOYAmt0136979
IRS990/TotalAssetsGrp/BOYAmt0121915
IRS990/TotalAssetsGrp/EOYAmt0136979
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0364452
IRS990/TotalFunctionalExpensesGrp/TotalAmt0364452
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt052465
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt052465
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0121915
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt084514
IRS990/TotalProgramServiceExpensesAmt0364452
IRS990/TotalProgramServiceRevenueAmt0327051
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0327051
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0327051
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0121915
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0136979
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0121915
IRS990/UnrestrictedNetAssetsGrp/EOYAmt084514
IRS990/USAddress/AddressLine1Txt0600 CLIFTY DRIVE
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047250
IRS990/VotingMembersGoverningBodyCnt028
IRS990/VotingMembersIndependentCnt028
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF CHANDLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08122924031
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON REGATTA INC
ReturnHeader/Filer/BusinessNameControlTxt0MADI

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$136,979
Liabilities
$52,465
Net assets
$84,514
Revenue
$327,051
Expenses
$364,452
Net income
-$37,401
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.11$0.01$2.10$9.51$9.35$0.16
2023Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$6.46$6.58$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.62$0.52$2.10$1.31$0.96$0.36
2021Detailed filing. Detailed filing data is available for this year.$2.26$0.52$1.74$5.78$4.33$1.45
2020Detailed filing. Detailed filing data is available for this year.$0.81$0.52$0.29$0.84$0.45$0.39
2019Detailed filing. Detailed filing data is available for this year.$0.63$0.51$0.13$5.28$5.63$0.36
2018Detailed filing. Detailed filing data is available for this year.$1.08$0.60$0.48$5.26$4.94$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.37$0.52$0.85$3.27$3.64$0.37
2016Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$2.75$1.93$0.83