Civic Intelligence

Kelab Inc.

990 • Fiscal year 2023 • EIN 39-6053723

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 31, 2024

Organization ProfileN/A
PO Box 45826Madison, WI 53744

(608) 274-1916

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

5th percentile

0.00x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

70th percentile

14%

Faster asset growth than 70% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-15%

Faster revenue growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$18,845,297

Up $2,320,930 (+14%) from 2022

Net Assets

Up

$18,845,297

Up $2,320,930 (+14%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin17th percentile

Revenue

Down

$960,095

Down $163,145 (-15%) from 2022

Expenses

Down

$1,089,797

Down $2,732 (-0.3%) from 2022

Net Income

Down

-$129,702

Down $160,413 (-522%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$30M$20M$10M$0Assets 2011: $14,097,573Liabilities 2011: $750,000Net Assets 2011: $13,347,5732011Assets 2012: $14,889,552Liabilities 2012: $750,000Net Assets 2012: $14,139,5522012Assets 2013: $16,690,123Liabilities 2013: $1,003,400Net Assets 2013: $15,686,7232013Assets 2014: $16,579,135Liabilities 2014: $750,000Net Assets 2014: $15,829,1352014Assets 2015: $14,863,980Liabilities 2015: $0Net Assets 2015: $14,863,9802015Assets 2016: $15,080,493Liabilities 2016: $0Net Assets 2016: $15,080,4932016Assets 2017: $16,911,085Liabilities 2017: $0Net Assets 2017: $16,911,0852017Assets 2018: $14,972,871Liabilities 2018: $0Net Assets 2018: $14,972,8712018Assets 2019: $17,384,562Liabilities 2019: $0Net Assets 2019: $17,384,5622019Assets 2020: $18,903,751Liabilities 2020: $0Net Assets 2020: $18,903,7512020Assets 2021: $21,207,951Liabilities 2021: $0Net Assets 2021: $21,207,9512021Assets 2022: $16,524,367Liabilities 2022: $0Net Assets 2022: $16,524,3672022Assets 2023: $18,845,297Liabilities 2023: $0Net Assets 2023: $18,845,2972023Assets 2024: $20,717,953Liabilities 2024: $0Net Assets 2024: $20,717,9532024

Highlighted filing

2023

Assets$18,845,297
Liabilities$0
Net Assets$18,845,297
Open 2023 Filing

Operations Trend

Revenue Growth20th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $822,330Expenses 2011: $814,865Net Income 2011: $7,4652011Revenue 2012: $706,460Expenses 2012: $813,870Net Income 2012: -$107,4102012Revenue 2013: $1,340,411Expenses 2013: $1,068,786Net Income 2013: $271,6252013Revenue 2014: $1,251,514Expenses 2014: $827,325Net Income 2014: $424,1892014Revenue 2015: $1,054,088Expenses 2015: $827,638Net Income 2015: $226,4502015Revenue 2016: $807,257Expenses 2016: $827,947Net Income 2016: -$20,6902016Revenue 2017: $1,079,174Expenses 2017: $824,705Net Income 2017: $254,4692017Revenue 2018: $1,086,699Expenses 2018: $829,037Net Income 2018: $257,6622018Revenue 2019: $1,660,958Expenses 2019: $1,077,959Net Income 2019: $582,9992019Revenue 2020: $868,208Expenses 2020: $1,343,123Net Income 2020: -$474,9152020Revenue 2021: $1,904,654Expenses 2021: $1,346,399Net Income 2021: $558,2552021Revenue 2022: $1,123,240Expenses 2022: $1,092,529Net Income 2022: $30,7112022Revenue 2023: $960,095Expenses 2023: $1,089,797Net Income 2023: -$129,7022023Revenue 2024: $2,608,185Expenses 2024: $1,092,706Net Income 2024: $1,515,4792024

Highlighted filing

2023

Revenue$960,095
Expenses$1,089,797
Net Income-$129,702
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 31, 2024
Return Version
2023v5.0
Gross Receipts
$3,430,940
Mission and Program Overview

Mission

Kelab, inc. Is organized and operated exclusively for the benefit of the university of wisconsin, madison, wisconsin.

To make distributions to the board of regents of the university of wisconsin system for the sole benefit of the university of wisconsin- madison.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,518,622$18,838,789▲ $2,320,167
Cash and Non-Interest-Bearing Accounts$5,745$6,508▲ $763
Total Assets$16,524,367$18,845,297▲ $2,320,930
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,319,367$18,640,297▲ $2,320,930
Net Assets With Donor Restrictions$205,000$205,000→ $0
Total Net Assets Fund Balance$16,524,367$18,845,297▲ $2,320,930
Total Liabilities and Net Assets / Fund Balance$16,524,367$18,845,297▲ $2,320,930
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Steven F SkolaskiPresident
David G WalshDirector
Dale H PetersonSecretary
David R OhlingerTreasurer
Douglas S NelsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$960,095
Other Revenue
$0
Change in Net Assets
$-129,702

Audited Revenue Reconciliation

Revenue per Audited Statements
$879,535
Revenue Not Reported on Financial Statements
$80,560
Revenue Not Reported on Form 990
$2,486,654
Total Revenue per Audited Statements
$3,366,189
Total Revenue per Form 990
$960,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,000,000
Other Expenses$89,797
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,000,000--$1,000,000
Fees for Service Investment Mgmnt Fees-$80,560-$80,560
Fees for Services Accounting-$6,810-$6,810
Fees for Services Legal-$1,270-$1,270
Other Expenses-$243-$243
Total Functional Expenses$1,000,000$89,797$0$1,089,797

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,089,797
Expenses per Audited Statements$1,009,237
Total Expenses per Audited Statements$1,009,237
Expenses Not Reported on Financial Statements$80,560
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Wisconsin - RegentsMadison, WI-General Operations$1,000,000
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
Lobbying 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

“The president reviews financial data and compares it to the organization's books and records. The president reads the form 990 in its entirety and carefully reviews answers to questions on the form. The president reports to the governing body the results of his review and makes the form 990 available to any member who wishes to review the form before filing.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial information available to the public upon requests received by the president of kelab, inc.”

Filing and Contact Details

Filer

Filer Name
Kelab Inc
EIN
39-6053723
Phone
6082741916
Address
PO BOX 45826, MADISON, WI 53744

Signing Officer

Name
Steven F Skolaski
Title
President
Phone
6082741916
Signed
2024-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven F Skolaski
Formed
1958
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Lucida Advisors LLC
Address
20633 WATERTOWN COURT, BROOKFIELD, WI 53186
Preparer
Kevin P Gaffney CPA
Phone
2628601724
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization follows the accounting guidance for uncertainty in income taxes, which requires recognition and disclosure of uncertain tax positions in the financial statements when it is more likely than not, based on technical merits, that the position will not be sustained upon examination. The organization does not believe it has taken any material uncertain tax positions and accordingly, it has not recorded any liability for unrecognized tax benefits. For the years ended december 31, 2023 and 2022, there were no interest or penalties incurred or included in the financial statements.”

Raw XML Appendix320 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES RECOGNITION AND DISCLOSURE OF UNCERTAIN TAX POSITIONS IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON TECHNICAL MERITS, THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES INCURRED OR INCLUDED IN THE FINANCIAL STATEMENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT REVIEWS FINANCIAL DATA AND COMPARES IT TO THE ORGANIZATION'S BOOKS AND RECORDS. THE PRESIDENT READS THE FORM 990 IN ITS ENTIRETY AND CAREFULLY REVIEWS ANSWERS TO QUESTIONS ON THE FORM. THE PRESIDENT REPORTS TO THE GOVERNING BODY THE RESULTS OF HIS REVIEW AND MAKES THE FORM 990 AVAILABLE TO ANY MEMBER WHO WISHES TO REVIEW THE FORM BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUESTS RECEIVED BY THE PRESIDENT OF KELAB, INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0960095
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IRS990/USAddress/AddressLine1Txt0PO BOX 45826
IRS990/USAddress/CityNm0MADISON
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN F SKOLASKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06082741916
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KELAB INC
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ReturnHeader/Filer/PhoneNum06082741916
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873834167
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LUCIDA ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020633 WATERTOWN COURT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
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ReturnHeader/PreparerPersonGrp/PhoneNum02628601724
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN P GAFFNEY CPA
ReturnHeader/ReturnTs02024-08-01T09:47:58-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,845,297
Liabilities
$0
Net assets
$18,845,297
Revenue
$960,095
Expenses
$1,089,797
Net income
-$129,702
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.7$0.00$20.7$2.61$1.09$1.52
2023Detailed filing. Detailed filing data is available for this year.$18.8$0.00$18.8$0.96$1.09$0.13
2022Detailed filing. Detailed filing data is available for this year.$16.5$0.00$16.5$1.12$1.09$0.03
2021Detailed filing. Detailed filing data is available for this year.$21.2$0.00$21.2$1.90$1.35$0.56
2020Detailed filing. Detailed filing data is available for this year.$18.9$0.00$18.9$0.87$1.34$0.47
2019Detailed filing. Detailed filing data is available for this year.$17.4$0.00$17.4$1.66$1.08$0.58
2018Detailed filing. Detailed filing data is available for this year.$15.0$0.00$15.0$1.09$0.83$0.26
2017Detailed filing. Detailed filing data is available for this year.$16.9$0.00$16.9$1.08$0.82$0.25
2016Detailed filing. Detailed filing data is available for this year.$15.1$0.00$15.1$0.81$0.83$0.02
2015Detailed filing. Detailed filing data is available for this year.$14.9$0.00$14.9$1.05$0.83$0.23
2014Detailed filing. Detailed filing data is available for this year.$16.6$0.75$15.8$1.25$0.83$0.42
2013Detailed filing. Detailed filing data is available for this year.$16.7$1.00$15.7$1.34$1.07$0.27
2012Summary only. Only limited summary data is available for this year.$14.9$0.75$14.1$0.71$0.81$0.11
2011Summary only. Only limited summary data is available for this year.$14.1$0.75$13.3$0.82$0.81$0.01