Form 990, Part VI, Section A, Line 2
“Terry sivisend and anne smith - business relationship”
990 • Fiscal year 2021 • EIN 46-3631409
Scores are not available for this record yet.
Assets
Down$3,788,993
Down $450,744 (-11%) from 2020
Net Assets
Down$2,404,358
Down $553,165 (-19%) from 2020
Liabilities
Up$1,384,635
Up $102,421 (+8.0%) from 2020
Revenue
Down$962,585
Down $434,160 (-31%) from 2020
Expenses
Down$1,365,750
Down $2,283 (-0.2%) from 2020
Net Income
Down-$403,165
Down $431,877 (-1504%) from 2020
Startingblock madison, inc. Creates the meaningful intersections that cultivate entreprenuers, accelerate startup growth, drive innovation and build a startup community that gives back.
An entrepreneurial hub and ecosystem helping madison's entrepreneurs succeed.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,023,150 | $2,574,873 | ▼ $448,277 |
| Savings and Temporary Cash Investments | $620,027 | $980,342 | ▲ $360,315 |
| Pledges and Grants Receivable | $393,566 | $0 | ▼ $393,566 |
| Accounts Receivable | $41,799 | $109,832 | ▲ $68,033 |
| Cash and Non-Interest-Bearing Accounts | $133,525 | $98,329 | ▼ $35,196 |
| Investments Other Securities | $23,594 | $23,594 | → $0 |
| Prepaid Expenses and Deferred Charges | $4,076 | $2,023 | ▼ $2,053 |
| Total Assets | $4,239,737 | $3,788,993 | ▼ $450,744 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $1,006,611 | $1,308,299 | ▲ $301,688 |
| Accounts Payable and Accrued Expenses | $244,168 | $32,796 | ▼ $211,372 |
| Escrow Account Liability | $20,175 | $32,192 | ▲ $12,017 |
| Deferred Revenue | $11,260 | $11,348 | ▲ $88 |
| Total Liabilities | $1,282,214 | $1,384,635 | ▲ $102,421 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,957,523 | $2,404,358 | ▼ $553,165 |
| Total Net Assets Fund Balance | $2,957,523 | $2,404,358 | ▼ $553,165 |
| Total Liabilities and Net Assets / Fund Balance | $4,239,737 | $3,788,993 | ▼ $450,744 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $2,486,567 | $1,127,459 | $3,614,026 |
| Equipment | $88,306 | $214,357 | $302,663 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Nora Roughen-schmidt | Executive Director | FT | $92,308 | $92,308 |
| Name | Title |
|---|---|
| Forrest Woolworth | Co-chair |
| Mark Richardson | Co-chair |
| Laura Strong | Vice Chair |
| Anne Smith | Director |
| Candy Embray | Director |
| Ed Javier | Director |
| Heather Wentler | Director |
| Jackie Dimonte | Director |
| Jason Weaver | Director |
| Kathleen Gallagher | Director |
| Keith Witek | Director |
| Max Fergus | Director |
| Nicole Justa | Director |
| Pam Christenson | Director |
| Remzi Arpaci-dusseau | Director |
| Scott Resnick | Director |
| Terry Sivisend | Director |
| Troy Vosseller | Director |
| Meg Prestigiacomo | Secretary |
| Scott Forester | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,114,404 |
| Salaries, Compensation, and Employee Benefits | $251,346 |
| Total Fundraising Expense | $55,502 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $409,396 | $48,166 | $24,083 | $481,645 |
| Depreciation Depletion | $446,235 | - | - | $446,235 |
| Other Salaries and Wages | $88,520 | $14,754 | $14,754 | $118,028 |
| Current Officers, Directors, Trustees, and Key Employees | $69,230 | $11,539 | $11,539 | $92,308 |
| Fees for Services Accounting | - | $45,560 | - | $45,560 |
| Interest | $45,453 | - | - | $45,453 |
| Office Expenses | $36,512 | - | - | $36,512 |
| Other Employee Benefits | $16,071 | $2,678 | $2,678 | $21,427 |
| Insurance | $21,025 | - | - | $21,025 |
| Payroll Taxes | $14,687 | $2,448 | $2,448 | $19,583 |
| Fees for Services Other | $15,856 | - | - | $15,856 |
| Information Technology | $14,554 | - | - | $14,554 |
| Other Expenses | $4,394 | - | - | $4,394 |
| Fees for Services Legal | - | $2,056 | - | $2,056 |
| Travel | $564 | - | - | $564 |
| Advertising | $550 | - | - | $550 |
| Total Functional Expenses | $1,183,047 | $127,201 | $55,502 | $1,365,750 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Terry sivisend and anne smith - business relationship”
“The form 990 is reviewed by a third party accounting firm and is available to the board of directors and executive committee prior to filing with the internal revenue service.”
“Duty to disclose - in connection with any actual or possible conflict of interest, an interest person must disclose the existence of any financial interest and be given the opportunity to disclose all material facts to the other directors or members of committees considering the proposed transaction or arrangment. Determining whether a conflict of interest exists - after disclosure of the financial interest and all material facts, and after discussion with the interested director, the remaining board or committee members shall decide if a conflict of interest exists. Violation of duty to disclose - if the board or committee has reasonable cause to believe an interested person has failed to disclose actual or possible conflicts of interest, it shall inform the interested person of the basis for such belief and afford the interested person an oppportunity to explain the alleged failure to disclose. If, after hearing the interested person's response and after making further investigation as warranted by the circumstances, the board or committee determines the interested person has failed to disclose an actual or possible conflict of interest, it shall take the appropriate disciplinary and corrective action. Addressing a conflict of interest - any person found to have a conflict of interest shall offer to voluntarily be excused from discussion and voting on the transaction or arrangement.”
“The board of directors review and approve the compensation of all employees, including the executive director, community relations manager, and membership manager.”
“The organization does not make its governing documents, conflict of interest policy or financial statements available to the public.”
“This return is being amended to write-off grants that were not made in 2021. The following items were updated on this amended return: - part viii, line 1f - part x, column b, line 3 and line 27 - schedule a, part ii, section a, line 1 - schedule b, part i: contributors removed: winnow fund, kegonsa capital partners, idea fund, gateway capitol - dana guthrie in addition, american family insurance institute's contribution was reduced”
“The organization holds security deposits from organizations sub-leasing space.”
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/ActivityOrMissionDesc | 0 | AN ENTREPRENEURIAL HUB AND ECOSYSTEM HELPING MADISON'S ENTREPRENEURS SUCCEED. |
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| IRS990/Desc | 0 | LAUNCHING MORE THAN 40 PROGRAMS FOR ENTREPRENEURS, BOTH LIVE AND VIRTUAL VIA A PODCAST, IN 2021. GRADUATED 15 SOCIAL IMPACT COHORT NON-PROFIT ENTREPRENEURS FROM A COMPREHENSIVE PROGRAM FOR ENTREPRENEURSHIP. ESTABLISHED ENTREPRENEURS AND ARTISTS IN RESIDENCE AVAILABLE BY APPOINTMENT FOR MEETINGS. DEVELOPED LOW-COST COMPREHENSIVE BENEFITS FOR ALL MEMBERS OF STARTINGBLOCK. |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MAX FERGUS |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2013 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 20 |
| IRS990/GovernmentGrantsAmt | 0 | 118513 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 962585 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 20 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 14554 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 14554 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 21025 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 21025 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 45453 |
| IRS990/InterestGrp/TotalAmt | 0 | 45453 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 315 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 315 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 23594 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 23594 |
| IRS990/IRPDocumentCnt | 0 | 7 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1341816 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3023150 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 2574873 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 3916689 |
| IRS990/LegalDomicileStateCd | 0 | WI |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MiscellaneousRevenueGrp/ExclusionAmt | 0 | 16673 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 16673 |
| IRS990/MissionDesc | 0 | STARTINGBLOCK MADISON, INC. CREATES THE MEANINGFUL INTERSECTIONS THAT CULTIVATE ENTREPRENEURS, ACCELERATE STARTUP GROWTH, DRIVE INNOVATION AND BUILD A STARTUP COMMUNITY THAT GIVES BACK. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2957523 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2404358 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2957523 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2404358 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 24083 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 48166 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 409396 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 481645 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 36512 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 36512 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 2678 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 2678 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 16071 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 21427 |
| IRS990/OtherExpensesGrp/Desc | 0 | TENANT IMPROVEMENTS |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 4394 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 4394 |
| IRS990/OtherRevenueTotalAmt | 0 | 16673 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 14754 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 14754 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 88520 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 118028 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 2448 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2448 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 14687 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 19583 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 393566 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 4076 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 2023 |
| IRS990/PrincipalOfficerNm | 0 | FORREST WOOLWORTH |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -150000 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531390 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | PROGRAMMING INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 615496 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 2386 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 615496 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 2386 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 653424 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 421 |
| IRS990/PYOtherExpensesAmt | 0 | 1176646 |
| IRS990/PYOtherRevenueAmt | 0 | 23412 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 719488 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 28712 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 191387 |
| IRS990/PYTotalExpensesAmt | 0 | 1368033 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1396745 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -403165 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 617882 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 620027 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 980342 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 327715 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 653424 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 254493 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 671698 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1901864 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 3809194 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 315 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 421 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1082 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1550 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2706 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 6074 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 16673 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 16673 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99410 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99840 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 3809194 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 327715 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 653424 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 254493 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 671698 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1901864 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 3809194 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 3831941 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.