Civic Intelligence

Madison Seed Accelerator Inc

990EZ • Fiscal year 2024 • EIN 46-5724018

Jan 01, 2024 to Dec 31, 2024 • Filed on May 10, 2025

Organization Profilewww.madworksaccelerator.org
N9269 Becker RoadWestfield, WI 53964

(608) 698-3775

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

7th percentile

-71%

Higher net margin than 7% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

4th percentile

-95%

Faster asset growth than 4% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

99%

Faster revenue growth than 91% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$1,543

Down $28,433 (-95%) from 2023

Net Assets

Down

$1,543

Down $28,433 (-95%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin7th percentile

Revenue

Up

$40,069

Up $19,912 (+99%) from 2023

Expenses

Up

$68,502

Up $47,061 (+219%) from 2023

Net Income

Down

-$28,433

Down $27,149 (-2114%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$150K$100K$50K$0Assets 2016: $121,789Liabilities 2016: $0Net Assets 2016: $121,7892016Assets 2017: $117,324Liabilities 2017: $0Net Assets 2017: $117,3242017Assets 2018: $114,937Liabilities 2018: $0Net Assets 2018: $114,9372018Assets 2019: $41,579Liabilities 2019: $1,287Net Assets 2019: $40,2922019Assets 2020: $38,843Net Assets 2020: $38,8432020Assets 2021: $0Net Assets 2021: $02021Assets 2022: $31,260Net Assets 2022: $31,2602022Assets 2023: $29,976Net Assets 2023: $29,9762023Assets 2024: $1,543Net Assets 2024: $1,5432024

Highlighted filing

2024

Assets$1,543
Liabilities-
Net Assets$1,543
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

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

$300K$200K$100K$0-$100KRevenue 2016: $211,281Expenses 2016: $89,492Net Income 2016: $121,7892016Revenue 2017: $125,600Expenses 2017: $130,065Net Income 2017: -$4,4652017Revenue 2018: $140,700Expenses 2018: $143,087Net Income 2018: -$2,3872018Revenue 2019: $0Expenses 2019: $74,644Net Income 2019: -$74,6442019Revenue 2020: $112,924Expenses 2020: $115,660Net Income 2020: -$2,7362020Revenue 2021: $0Expenses 2021: $38,843Net Income 2021: -$38,8432021Revenue 2022: $125,058Expenses 2022: $93,798Net Income 2022: $31,2602022Revenue 2023: $20,157Expenses 2023: $21,441Net Income 2023: -$1,2842023Revenue 2024: $40,069Expenses 2024: $68,502Net Income 2024: -$28,4332024

Highlighted filing

2024

Revenue$40,069
Expenses$68,502
Net Income-$28,433
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 10, 2025
Return Version
2024v5.0
Gross Receipts
$40,069
Mission and Program Overview

Mission

Provide legal, business training, mentoring, and funding to business entrepreneurs in Wisconsin

Form 990-EZ, Part III - Organization's Primary Exempt Purpose Provide legal, business training, mentoring and funding to business entrepreneurs in Wisconsin.

Program Services

DescriptionGrantsExpenses
Provide training and mentoring for teams selected to participate in cohorts of the program. Companies that go through the program ultimately create jobs and generate revenue to enhance the Wisconsin community.--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric EnglundChairman-$0--
Terry SivesindPresident-$0--
Anne SmithTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Madison Seed Accelerator Inc
EIN
46-5724018
Phone
6086983775
Address
N9269 Becker Road, Westfield, WI 53964

Signing Officer

Name
Anne Smith
Title
Treasurer
Phone
6086983775
Signed
2025-05-10
Supplemental Narrative

Additional Explanations

Part I, Line 16

“Other Expenses: Event Expenses = $108 Information Technology = $640 Return of Unused Grant Funds = $29,554 Total = $30,302”

Raw XML Appendix125 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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IRS990EZ/BooksInCareOfDetail/PhoneNum06086983775
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0N9269 Becker Road Westfield WI
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Westfield
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd053964
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt029712
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IRS990EZ/CntrctRcvdGreaterThan100KCnt00
IRS990EZ/ContributionsGiftsGrantsEtcAmt040000
IRS990EZ/DonorAdvisedFndsInd0false
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IRS990EZ/ExcessOrDeficitForYearAmt0-28433
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Eric Englund
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Terry Sivesind
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Anne Smith
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0224
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt030302
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Form 990-EZ, Part III - Organization's Primary Exempt Purpose Provide legal, business training, mentoring and funding to business entrepreneurs in Wisconsin.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provide training and mentoring for teams selected to participate in cohorts of the program. Companies that go through the program ultimately create jobs and generate revenue to enhance the Wisconsin community.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt068502
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt040069
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt040000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0125000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0112924
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0297924
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0297924
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/SupportedOrganizationsCnt00
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IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt040000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0125000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0112924
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0297924
IRS990ScheduleA/TotalSupportAmt0297924
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other Expenses: Event Expenses = $108 Information Technology = $640 Return of Unused Grant Funds = $29,554 Total = $30,302
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Anne Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06086983775
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MADISON SEED ACCELERATOR INC
ReturnHeader/Filer/BusinessNameControlTxt0MADI
ReturnHeader/Filer/EIN0465724018
ReturnHeader/Filer/PhoneNum06086983775
ReturnHeader/Filer/USAddress/AddressLine1Txt0N9269 Becker Road
ReturnHeader/Filer/USAddress/CityNm0Westfield
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053964
ReturnHeader/ReturnTs02025-05-10T19:47:29Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,543
Liabilities
-
Net assets
$1,543
Revenue
$40,069
Expenses
$68,502
Net income
-$28,433
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.40$0.69$0.28
2023Detailed filing. Detailed filing data is available for this year.$0.30$0.30$0.20$0.21$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.31$0.31$1.25$0.94$0.31
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.39$0.39
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.39$1.13$1.16$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.01$0.40$0.00$0.75$0.75
2018Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$1.41$1.43$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$1.26$1.30$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$2.11$0.89$1.22