Civic Intelligence

Madison Regatta Inc

990 • Fiscal year 2020 • EIN 35-6071199

Sep 01, 2019 to Aug 31, 2020 • Filed on Dec 08, 2020

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

(812) 701-5045

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.64x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

0.62x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Net Margin

91st percentile

46%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Asset Growth

83rd percentile

28%

Faster asset growth than 83% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-84%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$81,019

Up $17,649 (+28%) from 2019

Net Assets

Up

$29,166

Up $16,518 (+131%) from 2019

Liabilities

Up

$51,853

Up $1,131 (+2.2%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin91st percentile

Revenue

Down

$83,894

Down $443,645 (-84%) from 2019

Expenses

Down

$45,111

Down $518,099 (-92%) from 2019

Net Income

Up

$38,783

Up $74,454 (+209%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2020

Assets$81,019
Liabilities$51,853
Net Assets$29,166
Open 2020 Filing

Operations Trend

Revenue Growth7th 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

2020

Revenue$83,894
Expenses$45,111
Net Income$38,783
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Dec 8, 2020
Return Version
2019v5.0
Gross Receipts
$83,894
Mission and Program Overview

Mission

To provide services related to the hydroplane race and festival events

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,571$58,427▲ $41,856
Land, Buildings, and Equipment, Net$46,799$22,592▼ $24,207
Total Assets$63,370$81,019▲ $17,649
Liabilities
Unsecured Notes Loans Payable$50,722$51,853▲ $1,131
Total Liabilities$50,722$51,853▲ $1,131
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,648$29,166▲ $16,518
Total Net Assets Fund Balance$12,648$29,166▲ $16,518
Total Liabilities and Net Assets / Fund Balance$63,370$81,019▲ $17,649

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,077$179,588$185,665
Equipment$16,515$8,678$25,193
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Jason AbbottRace Chair
Roger SnellRace Chair
Greg ThorpePresident
Aaron RobinsonDirector
Beth CampbellDirector
Brent TurnerDirector
Greg BentzDirector
Harold PerryDirector
John KnoebelDirector
Kim TrueDirector
Libby HoffmanDirector
Matt TrueDirector
Michael HeitzDirector
Mick BarronDirector
Natalie GreenDirector
Nate DavisDirector
Shawn HumesDirector
Kim WasherFestival CHA
Mike LichlyterSponsorship
Cheryl LyonTreasurer
Jak MccormickVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$83,894
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$38,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,111
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$7,162--$7,162
Other Expenses$4,701--$4,701
Interest$3,604--$3,604
Depreciation Depletion$1,944--$1,944
Fees for Services Accounting$1,237--$1,237
Occupancy$274--$274
Total Functional Expenses$45,111$0$0$45,111
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 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
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

“Documents provided upon request”

Filing and Contact Details

Filer

Filer Name
Madison Regatta Inc
EIN
35-6071199
Phone
8127015045
Address
PO BOX 341, MADISON, IN 47250

Signing Officer

Name
Greg Thorpe
Title
President
Signed
2020-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Thorpe
Formed
1955
Legal Domicile
In
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
20

Preparer

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

Additional Explanations

Form 990, Part IX, Line 24E

“Race chair - safety & res 2,922 0 0 treasurer - miscellaneous 1,295 0 0 festival chair - teen pag 767 0 0 v.p. & land manager - sou 614 0 0 treasurer - bank charges 557 0 0 treasurer expense - credi 476 0 0 treasurer exp.-chamber du 255 0 0 treasurer expense - posta 201 0 0 treasurer - office expens 75 0 0 total 7,162 0 0”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -1 -22,264 total -22,265”

Raw XML Appendix377 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE SERVICES RELATED TO THE HYDROPLANE RACE AND FESTIVAL EVENTS
IRS990/AllOtherExpensesGrp/ProgramServicesAmt07162
IRS990/AllOtherExpensesGrp/TotalAmt07162
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0CHERYL LYON
IRS990/BooksInCareOfDetail/PhoneNum08127015045
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 341
IRS990/BooksInCareOfDetail/USAddress/CityNm0MADISON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd047250
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt016571
IRS990/CashNonInterestBearingGrp/EOYAmt058427
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt045111
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt083894
IRS990/CYRevenuesLessExpensesAmt038783
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt045111
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt083894
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01944
IRS990/DepreciationDepletionGrp/TotalAmt01944
IRS990/Desc0TO PROVIDE SERVICES RELATED TO STAGING HYDROPLANE RACE AND FESTIVAL EVENTS IN MADISON, IN
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt045111
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01237
IRS990/FeesForServicesAccountingGrp/TotalAmt01237
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/PersonNm0MATT TRUE
IRS990/Form990PartVIISectionAGrp/PersonNm1GREG THORPE
IRS990/Form990PartVIISectionAGrp/PersonNm2CHERYL LYON
IRS990/Form990PartVIISectionAGrp/PersonNm3JAK MCCORMICK
IRS990/Form990PartVIISectionAGrp/PersonNm4LIBBY HOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5JASON ABBOTT
IRS990/Form990PartVIISectionAGrp/PersonNm6KIM WASHER
IRS990/Form990PartVIISectionAGrp/PersonNm7MIKE LICHLYTER
IRS990/Form990PartVIISectionAGrp/PersonNm8ROGER SNELL
IRS990/Form990PartVIISectionAGrp/PersonNm9BETH CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm10BRENT TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm11KIM TRUE
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL HEITZ
IRS990/Form990PartVIISectionAGrp/PersonNm13NATE DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm14HAROLD PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm15JOHN KNOEBEL
IRS990/Form990PartVIISectionAGrp/PersonNm16NATALIE GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm17GREG BENTZ
IRS990/Form990PartVIISectionAGrp/PersonNm18AARON ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm19SHAWN HUMES
IRS990/Form990PartVIISectionAGrp/PersonNm20MICK BARRON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5RACE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6FESTIVAL CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt7SPONSORSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt8RACE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt083894
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt021
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt03604
IRS990/InterestGrp/TotalAmt03604
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0188266
IRS990/LandBldgEquipBasisNetGrp/BOYAmt046799
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022592
IRS990/LandBldgEquipCostOrOtherBssAmt0210858
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/NetAssetsOrFundBalancesBOYAmt012648
IRS990/NetAssetsOrFundBalancesEOYAmt029166
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt012648
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt029166
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0274
IRS990/OccupancyGrp/TotalAmt0274
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-22265
IRS990/OtherExpensesGrp/Desc0MARKETING CHAIR - SPONSOR
IRS990/OtherExpensesGrp/Desc1TREASURER - REGATTA OFF &
IRS990/OtherExpensesGrp/Desc2FESTIVAL CHAIR - MUSIC EX
IRS990/OtherExpensesGrp/Desc3V.P. & LAND MANAGER - PRO
IRS990/OtherExpensesGrp/ProgramServicesAmt010977
IRS990/OtherExpensesGrp/ProgramServicesAmt18012
IRS990/OtherExpensesGrp/ProgramServicesAmt27200
IRS990/OtherExpensesGrp/ProgramServicesAmt34701
IRS990/OtherExpensesGrp/TotalAmt010977
IRS990/OtherExpensesGrp/TotalAmt18012
IRS990/OtherExpensesGrp/TotalAmt27200
IRS990/OtherExpensesGrp/TotalAmt34701
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0GREG THORPE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM RELATED EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIP INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058594
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt125300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058594
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt125300
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0563210
IRS990/PYProgramServiceRevenueAmt0527539
IRS990/PYRevenuesLessExpensesAmt0-35671
IRS990/PYTotalExpensesAmt0563210
IRS990/PYTotalRevenueAmt0527539
IRS990/ReconcilationRevenueExpnssAmt038783
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt083894
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt016515
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08678
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025193
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06077
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0179588
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0185665
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022592
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS PROVIDED UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RACE CHAIR - SAFETY & RES 2,922 0 0 TREASURER - MISCELLANEOUS 1,295 0 0 FESTIVAL CHAIR - TEEN PAG 767 0 0 V.P. & LAND MANAGER - SOU 614 0 0 TREASURER - BANK CHARGES 557 0 0 TREASURER EXPENSE - CREDI 476 0 0 TREASURER EXP.-CHAMBER DU 255 0 0 TREASURER EXPENSE - POSTA 201 0 0 TREASURER - OFFICE EXPENS 75 0 0 TOTAL 7,162 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE -1 -22,264 TOTAL -22,265
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt063370
IRS990/TotalAssetsEOYAmt081019
IRS990/TotalAssetsGrp/BOYAmt063370
IRS990/TotalAssetsGrp/EOYAmt081019
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045111
IRS990/TotalFunctionalExpensesGrp/TotalAmt045111
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt050722
IRS990/TotalLiabilitiesEOYAmt051853
IRS990/TotalLiabilitiesGrp/BOYAmt050722
IRS990/TotalLiabilitiesGrp/EOYAmt051853
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012648
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt029166
IRS990/TotalProgramServiceExpensesAmt045111
IRS990/TotalProgramServiceRevenueAmt083894
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt083894
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt083894
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt063370
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt081019
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt050722
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt051853
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 341
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047250
IRS990/VotingMembersGoverningBodyCnt021
IRS990/VotingMembersIndependentCnt021
IRS990/WebsiteAddressTxt0WWW.MADISONREGATTA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG THORPE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON REGATTA INC
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0356071199
ReturnHeader/Filer/PhoneNum08127015045
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 341
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047250
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C4A7A40226FF16DEF43DC80B546024A3F54AC515
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C4A7A40226FF16DEF43DC80B546024A3F54AC515
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.174.133.146
ReturnHeader/FilingSecurityInformation/IPDt02020-12-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:46:30
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/PreparationDt02020-12-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRACY L WYNE CPA
ReturnHeader/ReturnTs02020-12-17T10:46:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$81,019
Liabilities
$51,853
Net assets
$29,166
Revenue
$83,894
Expenses
$45,111
Net income
$38,783
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