Civic Intelligence

Madison Regatta Inc

990 • Fiscal year 2016 • EIN 35-6071199

Sep 01, 2015 to Aug 31, 2016 • Filed on Jun 29, 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

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Net Margin

87th percentile

30%

Higher net margin than 87% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets57th percentile

Assets

$121,915

No earlier filing loaded for comparison.

Net Assets

$121,915

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin87th percentile

Revenue

$275,151

No earlier filing loaded for comparison.

Expenses

$192,631

No earlier filing loaded for comparison.

Net Income

$82,520

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2016

Assets$121,915
Liabilities$0
Net Assets$121,915
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2016

Revenue$275,151
Expenses$192,631
Net Income$82,520
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jun 29, 2017
Return Version
2015v3.0
Gross Receipts
$275,151
Mission and Program Overview

Mission

To provide services related to the hydroplane race and festival events

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$41,332$53,357▲ $12,025
Land, Buildings, and Equipment, Net$54,574$52,630▼ $1,944
Cash and Non-Interest-Bearing Accounts$5,771$15,928▲ $10,157
Total Assets$101,677$121,915▲ $20,238
Liabilities
Accounts Payable and Accrued Expenses$62,282--
Total Liabilities$62,282$0▼ $62,282
Net Assets / Fund Balance
Unrestricted Net Assets$39,395$121,915▲ $82,520
Total Net Assets Fund Balance$39,395$121,915▲ $82,520
Total Liabilities and Net Assets / Fund Balance$101,677$121,915▲ $20,238

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$52,630$48,228$100,858
Compensation and Service Providers
Top Officer Pay85th percentile

Board Members and Trustees

NameTitle
Joe HertzPresident
Angie ParksDirector
Beth CampbellDirector
Crystal MchargueDirector
Harold PerryDirector
Joe VollDirector
John KnoebelDirector
Josh GourleyDirector
Mike AdamsDirector
Mike StuckerDirector
Nate DavisDirector
Ricky HighmanDirector
Tommy LawryDirector
Herb ParkerDirector (no
Tony SteinhardtDirector (no
Buddy GawAsst. Race C
Kim WasherFestival CHA
Charlie GroomsMiss Madison
Fred FarleyMiss Madison
Dana AdamsSecretary
Scott TebbeSponsorship
Jeff ChandlerTreas & Past
Dan ColeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$275,151
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$82,520
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$192,631
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$97,128--$97,128
Other Expenses$16,892--$16,892
Depreciation Depletion$1,944--$1,944
Occupancy$1,850--$1,850
Total Functional Expenses$192,631$0$0$192,631
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
Treas & Past Pres.
Phone
8122924031
Signed
2017-06-29

Organization Details

Principal Officer
Jeff Chandler
Formed
1955
Legal Domicile
In
Voting Board Members
21
Independent Board Members
21
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, Part IX, Line 24E

“Race chair - crane expens 15,000 0 0 land expense-temt rental 11,933 0 0 race chair - race course 10,424 0 0 v.p. & land manager - gol 9,500 0 0 race chair - fuel 9,000 0 0 marketing chair - publici 7,735 0 0 treasurer - commission ga 7,151 0 0 v.p. & land manager - sou 6,000 0 0 v.p. & land manager - rv 5,349 0 0 festival chair - music ex 3,700 0 0 race chair - helicopters 2,450 0 0 treasurer - membership ex 2,143 0 0 treasurer - music button 1,857 0 0 race chair - safety & res 1,543 0 0 marketing chair - web sit 1,463 0 0 festival chair - firework 1,000 0 0 race chair - race trophie 880 0 0”

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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/TitleTxt16ASST. RACE C
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt052630
IRS990ScheduleD/BuildingsGrp/DepreciationAmt048228
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0100858
IRS990ScheduleD/TotalBookValueLandBuildingsAmt052630
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RACE CHAIR - CRANE EXPENS 15,000 0 0 LAND EXPENSE-TEMT RENTAL 11,933 0 0 RACE CHAIR - RACE COURSE 10,424 0 0 V.P. & LAND MANAGER - GOL 9,500 0 0 RACE CHAIR - FUEL 9,000 0 0 MARKETING CHAIR - PUBLICI 7,735 0 0 TREASURER - COMMISSION GA 7,151 0 0 V.P. & LAND MANAGER - SOU 6,000 0 0 V.P. & LAND MANAGER - RV 5,349 0 0 FESTIVAL CHAIR - MUSIC EX 3,700 0 0 RACE CHAIR - HELICOPTERS 2,450 0 0 TREASURER - MEMBERSHIP EX 2,143 0 0 TREASURER - MUSIC BUTTON 1,857 0 0 RACE CHAIR - SAFETY & RES 1,543 0 0 MARKETING CHAIR - WEB SIT 1,463 0 0 FESTIVAL CHAIR - FIREWORK 1,000 0 0 RACE CHAIR - RACE TROPHIE 880 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0101677
IRS990/TotalAssetsEOYAmt0121915
IRS990/TotalAssetsGrp/BOYAmt0101677
IRS990/TotalAssetsGrp/EOYAmt0121915
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0192631
IRS990/TotalFunctionalExpensesGrp/TotalAmt0192631
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062282
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt062282
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt039395
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0121915
IRS990/TotalProgramServiceExpensesAmt0192631
IRS990/TotalProgramServiceRevenueAmt0275151
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0275151
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0275151
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0101677
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0121915
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt039395
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0121915
IRS990/USAddress/AddressLine1Txt0600 CLIFTY DRIVE
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047250
IRS990/VotingMembersGoverningBodyCnt021
IRS990/VotingMembersIndependentCnt021
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF CHANDLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREAS & PAST PRES.
ReturnHeader/BusinessOfficerGrp/PhoneNum08122924031
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON REGATTA INC
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0356071199
ReturnHeader/Filer/PhoneNum08122925031
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 341
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047250
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351900977
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHERMAN BARBER & MULLIKIN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0210 W 3RD ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0472503339
ReturnHeader/PreparerPersonGrp/PhoneNum08122655312
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN W MULLIKIN CPA
ReturnHeader/ReturnTs02017-07-12T13:17:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$121,915
Liabilities
$0
Net assets
$121,915
Revenue
$275,151
Expenses
$192,631
Net income
$82,520
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