Civic Intelligence

Mad-City Ski Team

990 • Fiscal year 2021 • EIN 39-1821137

Jan 01, 2021 to Dec 31, 2021 • Filed on May 19, 2022

Organization ProfileN/A
6516 Monona Drive 193Madison, WI 53716

(608) 218-9128

Siviq Scores

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

Liabilities / Assets

89th percentile

0.47x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

0.78x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

11th percentile

-56%

Higher net margin than 11% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

62nd percentile

16%

Faster asset growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

46%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$116,613

Up $15,663 (+16%) from 2020

Net Assets

Down

$61,579

Down $39,371 (-39%) from 2020

Liabilities

Up

$55,034

Up $55,034 from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin11th percentile

Revenue

Up

$70,405

Up $22,172 (+46%) from 2020

Expenses

Up

$109,777

Up $42,660 (+64%) from 2020

Net Income

Down

-$39,372

Down $20,488 (-108%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$300K$200K$100K$0-$100KAssets 2010: $114,704Liabilities 2010: $153,645Net Assets 2010: -$38,9412010Assets 2011: $100,965Liabilities 2011: $88,923Net Assets 2011: $12,0422011Assets 2012: $108,145Liabilities 2012: $96,524Net Assets 2012: $11,6212012Assets 2013: $139,724Liabilities 2013: $106,000Net Assets 2013: $33,7242013Assets 2014: $126,505Liabilities 2014: $84,296Net Assets 2014: $42,2092014Assets 2015: $143,578Liabilities 2015: $55,875Net Assets 2015: $87,7032015Assets 2016: $205,282Liabilities 2016: $96,354Net Assets 2016: $108,9282016Assets 2017: $202,563Liabilities 2017: $55,744Net Assets 2017: $146,8192017Assets 2018: $255,934Liabilities 2018: $100,841Net Assets 2018: $155,0932018Assets 2019: $167,318Liabilities 2019: $47,484Net Assets 2019: $119,8342019Assets 2020: $100,950Liabilities 2020: $0Net Assets 2020: $100,9502020Assets 2021: $116,613Liabilities 2021: $55,034Net Assets 2021: $61,5792021Assets 2022: $125,962Liabilities 2022: $105,949Net Assets 2022: $20,0132022Assets 2023: $83,282Liabilities 2023: $44,252Net Assets 2023: $39,0302023Assets 2024: $116,039Liabilities 2024: $19,780Net Assets 2024: $96,2592024

Highlighted filing

2021

Assets$116,613
Liabilities$55,034
Net Assets$61,579
Open 2021 Filing

Operations Trend

Revenue Growth74th percentile

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

$200K$100K$0-$100KRevenue 2010: $79,679Expenses 2010: $71,716Net Income 2010: $7,9632010Expenses 2011: $71,8062011Expenses 2012: $69,7692012Revenue 2013: $102,190Expenses 2013: $80,087Net Income 2013: $22,1032013Revenue 2014: $95,876Expenses 2014: $87,391Net Income 2014: $8,4852014Revenue 2015: $129,527Expenses 2015: $84,033Net Income 2015: $45,4942015Revenue 2016: $134,225Expenses 2016: $113,000Net Income 2016: $21,2252016Revenue 2017: $138,457Expenses 2017: $100,566Net Income 2017: $37,8912017Revenue 2018: $119,443Expenses 2018: $111,170Net Income 2018: $8,2732018Revenue 2019: $86,841Expenses 2019: $122,100Net Income 2019: -$35,2592019Revenue 2020: $48,233Expenses 2020: $67,117Net Income 2020: -$18,8842020Revenue 2021: $70,405Expenses 2021: $109,777Net Income 2021: -$39,3722021Revenue 2022: $88,000Expenses 2022: $129,567Net Income 2022: -$41,5672022Revenue 2023: $142,175Expenses 2023: $123,158Net Income 2023: $19,0172023Revenue 2024: $170,431Expenses 2024: $113,203Net Income 2024: $57,2282024

Highlighted filing

2021

Revenue$70,405
Expenses$109,777
Net Income-$39,372
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 19, 2022
Return Version
2021v4.0
Gross Receipts
$74,098
Mission and Program Overview

Mission

Provide water skiing entertainment to the public. Provide education and training to the general public on water skiing, boater safety, and etiquette.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$66,436$105,840▲ $39,404
Rtn Earn Endowment Incm Other Fnds$100,950$61,579▼ $39,371
Cash and Non-Interest-Bearing Accounts$21,451$12,033▼ $9,418
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Accounts Receivable$13,063$-1,260▼ $14,323
Total Assets$100,950$116,613▲ $15,663
Other Assets Total-$0-
Liabilities
Other Liabilities-$55,034-
Total Liabilities$0$55,034▲ $55,034
Net Assets / Fund Balance
Total Net Assets Fund Balance$100,950$61,579▼ $39,371
Total Liabilities and Net Assets / Fund Balance$100,950$116,613▲ $15,663

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$105,840$314,444$420,284
Equipment-$17,890$17,890
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Carin ReynenPresident
Wendy CuppVice President
Matt HeilmanShow Director
Brendon PerryCorr Sec
Kevin MetcalfGovernment Rep
Tyler NoelMember at Large
Shannon PiperRecording Sec
Cody JaworskiSkier Rep
Drew HeidenreichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,814
Program Service Revenue
$6,768
Investment Income
$4,307
Other Revenue
$23,516
All Other Contributions
$20,019
Change in Net Assets
$-39,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,777
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
Depreciation Depletion$48,003--$48,003
Insurance-$3,151-$3,151
Occupancy$2,858--$2,858
Interest$2,449--$2,449
Office Expenses$625$1,391-$2,016
Conferences and Meetings$1,450--$1,450
Fees for Services Accounting-$650-$650
Other Expenses$357--$357
Total Functional Expenses$104,585$5,192$0$109,777
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,516
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concessions, Golf, Banquet, Etc.$23,516$23,516-$23,516
Total Events$23,516$23,516-$23,516
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$55,034
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Mad-City Ski Team Inc
EIN
39-1821137
Phone
6082189128
Address
6516 Monona Drive 193, Madison, WI 53716

Signing Officer

Name
Drew Heidenreich
Title
Treasurer
Signed
2022-05-19
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
0
Employees
0

Preparer

Firm
Jed Sanborn CPA LLC
Address
8426 Red Granite Road, Madison, WI 53719
Preparer
George Sanborn CPA
Phone
6085768164
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Rounding = $1”

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IRS990/PYProgramServiceRevenueAmt05000
IRS990/PYRevenuesLessExpensesAmt0-18884
IRS990/PYTotalExpensesAmt067117
IRS990/PYTotalRevenueAmt048233
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-39372
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0100950
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt035814
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06733
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt047148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt038401
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt043429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0171525
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt038401
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0171525
IRS990ScheduleA/TotalSupportAmt0171525
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017890
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017890
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0105840
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0314444
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0420284
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt055034
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Line of Credit
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0105840
IRS990ScheduleD/TotalLiabilityAmt055034
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Concessions, Golf, Banquet, Etc.
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt023516
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt023516
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023516
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt023516
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt023516
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Rounding = $1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05192
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0104585
IRS990/TotalFunctionalExpensesGrp/TotalAmt0109777
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IRS990/TotalLiabilitiesEOYAmt055034
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IRS990/TotalProgramServiceExpensesAmt0104585
IRS990/TotalProgramServiceRevenueAmt06768
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04307
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IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06516 Monona Drive 193
IRS990/USAddress/CityNm0Madison
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053716
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Drew Heidenreich
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Mad-City Ski Team Inc
ReturnHeader/Filer/BusinessNameControlTxt0MAD-
ReturnHeader/Filer/EIN0391821137
ReturnHeader/Filer/PhoneNum06082189128
ReturnHeader/Filer/USAddress/AddressLine1Txt06516 Monona Drive 193
ReturnHeader/Filer/USAddress/CityNm0Madison

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$116,613
Liabilities
$55,034
Net assets
$61,579
Revenue
$70,405
Expenses
$109,777
Net income
-$39,372
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.16$0.20$0.96$1.70$1.13$0.57
2023Detailed filing. Detailed filing data is available for this year.$0.83$0.44$0.39$1.42$1.23$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.26$1.06$0.20$0.88$1.30$0.42
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.55$0.62$0.70$1.10$0.39
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.48$0.67$0.19
2019Detailed filing. Detailed filing data is available for this year.$1.67$0.47$1.20$0.87$1.22$0.35
2018Detailed filing. Detailed filing data is available for this year.$2.56$1.01$1.55$1.19$1.11$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.03$0.56$1.47$1.38$1.01$0.38
2016Detailed filing. Detailed filing data is available for this year.$2.05$0.96$1.09$1.34$1.13$0.21
2015Detailed filing. Detailed filing data is available for this year.$1.44$0.56$0.88$1.30$0.84$0.45
2014Detailed filing. Detailed filing data is available for this year.$1.27$0.84$0.42$0.96$0.87$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.40$1.06$0.34$1.02$0.80$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.97$0.12$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.89$0.12$0.72
2010Summary only. Only limited summary data is available for this year.$1.15$1.54$0.39$0.80$0.72$0.08