Civic Intelligence

Middleton Area Development Corporation Co Charles Liberty

EIN 39-1288135 • 501(c)4 • Middleton, WI

Profile

The organization was set up in 1978 to facilitate economic development in the city. Loans are made to local businesses to help bring or keep those businesses in the city.

PO Box 620185Middleton, WI 53562

www.madcwi.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

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

501(c)4 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

22nd percentile

0.00x

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

501(c)4 • $5M-$10M nonprofits • Source year 2025

Net Margin

92nd percentile

75%

Higher net margin than 92% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

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

501(c)4 • $5M-$10M nonprofits • Source year 2025

Asset Growth

47th percentile

3.9%

Faster asset growth than 47% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

22nd percentile

-4.5%

Faster revenue growth than 22% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$4,920,404

Up $117,176 (+2.4%) from 2023

Liabilities

Down

$0

Down $100,000 (-100%) from 2023

Net Assets

Up

$4,920,404

Up $217,176 (+4.6%) from 2023

Operations
Liabilities / Revenue22nd percentileNet Margin92nd percentile

Revenue

Up

$265,467

Up $26,845 (+11%) from 2023

Expenses

Down

$48,291

Down $5,733 (-11%) from 2023

Net Income

Up

$217,176

Up $32,578 (+18%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $3,710,400Liabilities 2011: $0Net Assets 2011: $3,710,4002011Assets 2012: $3,825,666Liabilities 2012: $0Net Assets 2012: $3,825,6662012Assets 2013: $3,921,369Liabilities 2013: $0Net Assets 2013: $3,921,3692013Assets 2014: $3,992,657Liabilities 2014: $0Net Assets 2014: $3,992,6572014Assets 2015: $4,254,589Liabilities 2015: $149,543Net Assets 2015: $4,105,0462015Assets 2016: $4,206,667Liabilities 2016: $0Net Assets 2016: $4,206,6672016Assets 2017: $4,260,953Liabilities 2017: $0Net Assets 2017: $4,260,9532017Assets 2018: $4,350,451Liabilities 2018: $0Net Assets 2018: $4,350,4512018Assets 2019: $4,449,934Liabilities 2019: $0Net Assets 2019: $4,449,9342019Assets 2020: $4,837,071Liabilities 2020: $300,000Net Assets 2020: $4,537,0712020Assets 2021: $4,754,876Liabilities 2021: $300,000Net Assets 2021: $4,454,8762021Assets 2022: $4,718,630Liabilities 2022: $200,000Net Assets 2022: $4,518,6302022Assets 2023: $4,803,228Liabilities 2023: $100,000Net Assets 2023: $4,703,2282023Assets 2024: $4,920,404Liabilities 2024: $0Net Assets 2024: $4,920,4042024

Highlighted filing

2024

Assets$4,920,404
Liabilities$0
Net Assets$4,920,404
Open 2024 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $42,9812011Expenses 2012: $33,7852012Revenue 2013: $149,817Expenses 2013: $54,114Net Income 2013: $95,7032013Revenue 2014: $106,501Expenses 2014: $35,213Net Income 2014: $71,2882014Revenue 2015: $183,006Expenses 2015: $70,617Net Income 2015: $112,3892015Revenue 2016: $170,537Expenses 2016: $68,916Net Income 2016: $101,6212016Revenue 2017: $110,361Expenses 2017: $56,075Net Income 2017: $54,2862017Revenue 2018: $154,725Expenses 2018: $65,227Net Income 2018: $89,4982018Revenue 2019: $175,003Expenses 2019: $75,520Net Income 2019: $99,4832019Revenue 2020: $113,122Expenses 2020: $25,985Net Income 2020: $87,1372020Revenue 2021: $84,081Expenses 2021: $166,276Net Income 2021: -$82,1952021Revenue 2022: $112,424Expenses 2022: $48,670Net Income 2022: $63,7542022Revenue 2023: $238,622Expenses 2023: $54,024Net Income 2023: $184,5982023Revenue 2024: $265,467Expenses 2024: $48,291Net Income 2024: $217,1762024

Highlighted filing

2024

Revenue$265,467
Expenses$48,291
Net Income$217,176
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$4,920,404
Liabilities
$0
Net assets
$4,920,404
Revenue
$265,467
Expenses
$48,291
Net income
$217,176
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$0.00$4.92$0.27$0.05$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.80$0.10$4.70$0.24$0.05$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$0.20$4.52$0.11$0.05$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.75$0.30$4.45$0.08$0.17$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.84$0.30$4.54$0.11$0.03$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.00$4.45$0.18$0.08$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.35$0.00$4.35$0.15$0.07$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.26$0.00$4.26$0.11$0.06$0.05
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.21$0.00$4.21$0.17$0.07$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.25$0.15$4.11$0.18$0.07$0.11
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.99$0.00$3.99$0.11$0.04$0.07
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$0.00$3.92$0.15$0.05$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.00$3.83$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$0.00$3.71$0.04
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 11, 2023
Return Version
2022v5.0
Gross Receipts
$112,424
Mission and Program Overview

Mission

The organization was setup up in 1978 to facilitate economic development in the city. Loans are made to local businesses to help bring or keep those businesses in the city.

The organization was set up in 1978 to facilitate economic development in the city. Loans are made to local businesses to help bring or keep those businesses in the city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,454,876$4,518,630▲ $63,754
Investments Other Securities-$2,518,411-
Cash and Non-Interest-Bearing Accounts$3,351,573$943,204▼ $2,408,369
Land, Buildings, and Equipment, Net$767,583$767,583→ $0
Other Notes and Loans Receivable, Net$635,720$489,432▼ $146,288
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,754,876$4,718,630▼ $36,246
Liabilities
Unsecured Notes Loans Payable$300,000$200,000▼ $100,000
Total Liabilities$300,000$200,000▼ $100,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,454,876$4,518,630▲ $63,754
Total Liabilities and Net Assets / Fund Balance$4,754,876$4,718,630▼ $36,246

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$767,583--
Other Securities$18,411--
Compensation and Service Providers
Top Officer Pay45th percentile

Board Members and Trustees

NameTitle
Kevin MahaneyPresident
Jeff ZwettlerVice President
Dan Ramsey JrDirector
Eric DewerdDirector
Kate MillerDirector
Robert BurckDirector
Todd PassiniSecretary
Deanna PorterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$83,241
Investment Income
$23,798
Other Revenue
$5,385
Change in Net Assets
$63,754
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,670
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
Fees for Services Other$18,634$3,100-$21,734
Fees for Services Management-$15,000-$15,000
Fees for Services Accounting-$6,500-$6,500
Fees for Services Legal$1,936$1,936-$3,872
Insurance$400$1,105-$1,505
Office Expenses-$59-$59
Total Functional Expenses$20,970$27,700$0$48,670
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
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

“All board members are given the opportunity to review the form 990 before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Continuous, ongoing review of all possible conflict of interest situations is discussed at board meetings as warranted.”

Form 990, Part VI, Section B, Line 15

“There are no employees. No compensaton has ever been paid to anyone. It is highly unlikely that there will ever be any employees. If there is, we will be sure that compensation amounts are reviewed and that comparisons will be made to similar persons in similar organizations.”

Form 990, Part VI, Section C, Line 19

“Governing doucments of the organization and financial statements are made available to the public as requested. These are all available during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Middleton Area Development Corporation
EIN
39-1288135
Phone
6087702265
Address
PO BOX 620185, MIDDLETON, WI 53562

Signing Officer

Name
Kevin Mahaney
Title
President
Phone
6087702265
Signed
2023-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Mahaney
Formed
1978
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Yahara Cpas LLC
Address
1818 PARMENTER STREET SUITE 230, MIDDLETON, WI 53562
Preparer
Dan Mcgown CPA
Phone
6088201167
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Land rent & airport: program service expenses 13,248. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,248. Merl expenses: program service expenses 3,016. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,016. Consulting: program service expenses 1,750. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,750. Website: program service expenses 620. Management and general expenses 0. Fundraising expenses 0. Total expenses 620. Other expenses: program service expenses 0. Management and general expenses 3,100. Fundraising expenses 0. Total expenses 3,100.”

Raw XML Appendix357 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/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION WAS SET UP IN 1978 TO FACILITATE ECONOMIC DEVELOPMENT IN THE CITY. LOANS ARE MADE TO LOCAL BUSINESSES TO HELP BRING OR KEEP THOSE BUSINESSES IN THE CITY.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/PersonNm0KEVIN MAHANEY
IRS990/BooksInCareOfDetail/PhoneNum06087702265
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 620185
IRS990/BooksInCareOfDetail/USAddress/CityNm0MIDDLETON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053562
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt03351573
IRS990/CashNonInterestBearingGrp/EOYAmt0943204
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt023798
IRS990/CYOtherExpensesAmt048670
IRS990/CYOtherRevenueAmt05385
IRS990/CYProgramServiceRevenueAmt083241
IRS990/CYRevenuesLessExpensesAmt063754
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt048670
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0112424
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0WE LOAN MONEY TO APPROPRIATE LOCAL BUSINESSES AS AN INCENTIVE TO KEEP THEM IN MIDDLETON, OR TO EXPAND IN MIDDLETON AND CREATE NEW JOBS. ALL LOANS ARE AT STANDARD RATES AND ARE REPAID BASED ON A MONTHLY PAYMENT SCHEDULE.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt07322
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06500
IRS990/FeesForServicesAccountingGrp/TotalAmt06500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01936
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01936
IRS990/FeesForServicesLegalGrp/TotalAmt03872
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt015000
IRS990/FeesForServicesManagementGrp/TotalAmt015000
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03100
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt018634
IRS990/FeesForServicesOtherGrp/TotalAmt021734
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt012.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt73.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/PersonNm0KEVIN MAHANEY
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT BURCK
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFF ZWETTLER
IRS990/Form990PartVIISectionAGrp/PersonNm3ERIC DEWERD
IRS990/Form990PartVIISectionAGrp/PersonNm4DEANNA PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm5TODD PASSINI
IRS990/Form990PartVIISectionAGrp/PersonNm6KATE MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm7DAN RAMSEY JR
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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0112424
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01105
IRS990/InsuranceGrp/ProgramServicesAmt0400
IRS990/InsuranceGrp/TotalAmt01505
IRS990/InvestmentIncomeGrp/ExclusionAmt023798
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023798
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02518411
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0767583
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0767583
IRS990/LandBldgEquipCostOrOtherBssAmt0767583
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION WAS SETUP UP IN 1978 TO FACILITATE ECONOMIC DEVELOPMENT IN THE CITY. LOANS ARE MADE TO LOCAL BUSINESSES TO HELP BRING OR KEEP THOSE BUSINESSES IN THE CITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04454876
IRS990/NetAssetsOrFundBalancesEOYAmt04518630
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt059
IRS990/OfficeExpensesGrp/TotalAmt059
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0523000
IRS990/OtherRevenueMiscGrp/Desc0MARK TO MARKET FIDELIT
IRS990/OtherRevenueMiscGrp/ExclusionAmt05385
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05385
IRS990/OtherRevenueTotalAmt05385
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0635720
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0489432
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEVIN MAHANEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/Desc0AIRPORT TERMINAL RENT
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST EARNED
IRS990/ProgramServiceRevenueGrp/Desc2LOAN FEES EARNED
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt076200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21441
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt076200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21441
IRS990/ProgSrvcAccomActy2Grp/Desc0WE RENT THE AIRPORT TERMINAL BUILDING BACK TO THE AIRPORT OPERATIONS COMPANY (MOREY AIRPLANE COMPANY)
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013648
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt076200
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03790
IRS990/PYOtherExpensesAmt0166276
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt080291
IRS990/PYRevenuesLessExpensesAmt0-82195
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0166276
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt084081
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt063754
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07041
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04454876
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04518630
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0767583
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0767583
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02500000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt118411
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FIDELITY INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MARK TO MARKET-FIDELITY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0767583
IRS990ScheduleD/TotalBookValueSecuritiesAmt02518411
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONTINUOUS, ONGOING REVIEW OF ALL POSSIBLE CONFLICT OF INTEREST SITUATIONS IS DISCUSSED AT BOARD MEETINGS AS WARRANTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO EMPLOYEES. NO COMPENSATON HAS EVER BEEN PAID TO ANYONE. IT IS HIGHLY UNLIKELY THAT THERE WILL EVER BE ANY EMPLOYEES. IF THERE IS, WE WILL BE SURE THAT COMPENSATION AMOUNTS ARE REVIEWED AND THAT COMPARISONS WILL BE MADE TO SIMILAR PERSONS IN SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOUCMENTS OF THE ORGANIZATION AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC AS REQUESTED. THESE ARE ALL AVAILABLE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LAND RENT & AIRPORT: PROGRAM SERVICE EXPENSES 13,248. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,248. MERL EXPENSES: PROGRAM SERVICE EXPENSES 3,016. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,016. CONSULTING: PROGRAM SERVICE EXPENSES 1,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,750. WEBSITE: PROGRAM SERVICE EXPENSES 620. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 620. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,100. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,100.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04754876
IRS990/TotalAssetsEOYAmt04718630
IRS990/TotalAssetsGrp/BOYAmt04754876
IRS990/TotalAssetsGrp/EOYAmt04718630
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027700
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt020970
IRS990/TotalFunctionalExpensesGrp/TotalAmt048670
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0300000
IRS990/TotalLiabilitiesEOYAmt0200000
IRS990/TotalLiabilitiesGrp/BOYAmt0300000
IRS990/TotalLiabilitiesGrp/EOYAmt0200000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04454876
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04518630
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt020970
IRS990/TotalProgramServiceRevenueAmt083241
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt029183
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt083241
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0112424
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04754876
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04718630
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0300000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0200000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 620185
IRS990/USAddress/CityNm0MIDDLETON
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053562
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.MADCWI.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN MAHANEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06087702265
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MIDDLETON AREA DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O KEVIN MAHANEY
ReturnHeader/Filer/BusinessNameControlTxt0MIDD
ReturnHeader/Filer/EIN0391288135
ReturnHeader/Filer/PhoneNum06087702265
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 620185
ReturnHeader/Filer/USAddress/CityNm0MIDDLETON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053562
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843080966
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YAHARA CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01818 PARMENTER STREET SUITE 230
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MIDDLETON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053562
ReturnHeader/PreparerPersonGrp/PhoneNum06088201167
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAN MCGOWN CPA
ReturnHeader/ReturnTs02023-04-11T16:43:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEVIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MAHANEY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)4 • $5M-$10M nonprofits