Civic Intelligence

Madison Region Economic Partnership

EIN 71-1015136 • 501(c)6 • Madison, WI

Profile

To protect, leverage, and accelerate the growth of our regions strongest econcomic opportunities and to facilitate and support collaborative regional efforts that preserve and enhance our quality of life.

8517 Excelsior Dr 107Madison, WI 53717

www.madisonregion.org

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.67x

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

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

0.68x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

16th percentile

-11%

Higher net margin than 16% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$143,813

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

29th percentile

-3.8%

Faster asset growth than 29% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-77%

Faster revenue growth than 1% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$869,783

Down $34,746 (-3.8%) from 2023

Liabilities

Up

$586,055

Up $60,466 (+12%) from 2023

Net Assets

Down

$283,728

Down $95,212 (-25%) from 2023

Revenue

Down

$860,102

Down $2,873,815 (-77%) from 2023

Expenses

Down

$955,314

Down $3,143,418 (-77%) from 2023

Net Income

Up

-$95,212

Up $269,603 (+74%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,201,200Liabilities 2010: $22,618Net Assets 2010: $1,178,5822010Assets 2011: $682,019Liabilities 2011: $12,089Net Assets 2011: $669,9302011Assets 2012: $2,152,218Liabilities 2012: $15,624Net Assets 2012: $2,136,5942012Assets 2013: $1,489,142Liabilities 2013: $34,562Net Assets 2013: $1,454,5802013Assets 2014: $1,076,450Liabilities 2014: $41,722Net Assets 2014: $1,034,7282014Assets 2015: $780,778Liabilities 2015: $48,259Net Assets 2015: $732,5192015Assets 2016: $588,246Liabilities 2016: $38,224Net Assets 2016: $550,0222016Assets 2017: $401,166Liabilities 2017: $56,463Net Assets 2017: $344,7032017Assets 2018: $860,650Liabilities 2018: $574,243Net Assets 2018: $286,4072018Assets 2019: $825,716Liabilities 2019: $91,040Net Assets 2019: $734,6762019Assets 2020: $696,892Liabilities 2020: $122,158Net Assets 2020: $574,7342020Assets 2021: $2,651,221Liabilities 2021: $1,980,909Net Assets 2021: $670,3122021Assets 2022: $3,172,458Liabilities 2022: $2,428,703Net Assets 2022: $743,7552022Assets 2023: $904,529Liabilities 2023: $525,589Net Assets 2023: $378,9402023Assets 2024: $869,783Liabilities 2024: $586,055Net Assets 2024: $283,7282024

Highlighted filing

2024

Assets$869,783
Liabilities$586,055
Net Assets$283,728

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $841,5632010Expenses 2011: $806,1472011Revenue 2012: $2,075,475Expenses 2012: $608,811Net Income 2012: $1,466,6642012Revenue 2013: $462,619Expenses 2013: $1,144,633Net Income 2013: -$682,0142013Revenue 2014: $727,114Expenses 2014: $1,146,966Net Income 2014: -$419,8522014Revenue 2015: $705,878Expenses 2015: $1,065,131Net Income 2015: -$359,2532015Revenue 2016: $919,452Expenses 2016: $1,116,287Net Income 2016: -$196,8352016Revenue 2017: $853,446Expenses 2017: $1,058,765Net Income 2017: -$205,3192017Revenue 2018: $944,345Expenses 2018: $1,013,587Net Income 2018: -$69,2422018Revenue 2019: $1,316,988Expenses 2019: $868,719Net Income 2019: $448,2692019Revenue 2020: $677,416Expenses 2020: $837,358Net Income 2020: -$159,9422020Revenue 2021: $3,362,304Expenses 2021: $3,266,726Net Income 2021: $95,5782021Revenue 2022: $8,071,010Expenses 2022: $7,997,567Net Income 2022: $73,4432022Revenue 2023: $3,733,917Expenses 2023: $4,098,732Net Income 2023: -$364,8152023Revenue 2024: $860,102Expenses 2024: $955,314Net Income 2024: -$95,2122024

Highlighted filing

2024

Revenue$860,102
Expenses$955,314
Net Income-$95,212

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.87$0.59$0.28$0.86$0.96$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.90$0.53$0.38$3.73$4.10$0.36
2022Detailed filing. Detailed filing data is available for this year.$3.17$2.43$0.74$8.07$8.00$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.65$1.98$0.67$3.36$3.27$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.70$0.12$0.57$0.68$0.84$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.09$0.73$1.32$0.87$0.45
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.57$0.29$0.94$1.01$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.06$0.34$0.85$1.06$0.21
2016Summary only. Only limited summary data is available for this year.$0.59$0.04$0.55$0.92$1.12$0.20
2015Summary only. Only limited summary data is available for this year.$0.78$0.05$0.73$0.71$1.07$0.36
2014Summary only. Only limited summary data is available for this year.$1.08$0.04$1.03$0.73$1.15$0.42
2013Detailed filing. Detailed filing data is available for this year.$1.49$0.03$1.45$0.46$1.14$0.68
2012Summary only. Only limited summary data is available for this year.$2.15$0.02$2.14$2.08$0.61$1.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.01$0.67$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.02$1.18$0.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$860,102
Mission and Program Overview

Mission

To protect, leverage, and accelerate the growth of our regions strongest economic opportunities and to facilitate and support collaborative regional efforts that preserve and enhance our quality of life.

To protect, leverage, and accelerate the growth of our regions strongest econcomic opportunities and to facilitate and support collaborative regional efforts that preserve and enhance our quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$356,058$432,272▲ $76,214
Accounts Receivable$112,597$164,496▲ $51,899
Savings and Temporary Cash Investments$228,213$122,577▼ $105,636
Other Notes and Loans Receivable, Net$100,000$94,339▼ $5,661
Land, Buildings, and Equipment, Net$20,375$17,046▼ $3,329
Prepaid Expenses and Deferred Charges$17,084$16,374▼ $710
Total Assets$904,529$869,783▼ $34,746
Other Assets Total$70,202$22,679▼ $47,523
Liabilities
Unsecured Notes Loans Payable$372,210$372,210→ $0
Deferred Revenue-$114,888-
Accounts Payable and Accrued Expenses$43,934$66,809▲ $22,875
Other Liabilities$109,445$32,148▼ $77,297
Total Liabilities$525,589$586,055▲ $60,466
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$328,940$283,728▼ $45,212
Net Assets With Donor Restrictions$50,000--
Total Net Assets Fund Balance$378,940$283,728▼ $95,212
Total Liabilities and Net Assets / Fund Balance$904,529$869,783▼ $34,746

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,046$47,442-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jason FieldsPresidentFT$143,813$143,813

Board Members and Trustees

NameTitle
Jason VangalisBoard Chair
Andrew RoetheDirector
Bryan ChanDirector
Chris YarbroDirector
Christopher HughesDirector
Christopher PolzerDirector
Dan BrownDirector
David FrohlingDirector
David StarkDirector
Dr Tracy PiernerDirector
Erik IversonDirector
Erin DeelyDirector
Genia StevensDirector
Glenn JohnstonDirector
Jeannie Cullen SchultzDirector
Jennifer MnookinDirector
Jeremy WodajoDirector
Jim YehleDirector
Karl ZarlingDirector
Katie BoyceDirector
Nate OlsonDirector
Pam ChristensonDirector
Robb KahlDirector
Satya Rhodes-conwayDirector
Steve LeverentzDirector
Tim MccumberDirector
Traci MannDirector
Peter TanPast Board C
David De LeonExecutive Co
Juli AulikExecutive Co
Seth LentzSecretary
Dr Mark Thomas JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$741,754
Program Service Revenue
$110,717
Investment Income
$7,631
Other Revenue
$0
All Other Contributions
$366,000
Change in Net Assets
$-95,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$591,371
Other Expenses$363,943
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$366,747
Current Officers, Directors, Trustees, and Key Employees---$143,813
Fees for Services Other---$129,872
Occupancy---$58,046
Fees for Services Accounting---$47,743
Other Employee Benefits---$40,515
Payroll Taxes---$40,296
Travel---$17,551
Depreciation Depletion---$11,899
All Other Expenses---$10,186
Advertising---$8,975
Other Expenses---$7,030
Office Expenses---$3,731
Conferences and Meetings---$3,193
Insurance---$3,135
Fees for Services Legal---$1,725
Total Functional Expenses$0$0$0$955,314
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$20,778
Vacation Accrual$6,256
Credit Card$4,772
United Way$342
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 7A

The board of directors elect board members

Form 990, Page 6, Part VI, Line 11B

The accounting firm will produce the form 990. The form 990 will be reviewed by the treasurer and by the executive committee. Based on the review, modifications, if any are sent to the accounting firm. The form 990 will be submitted to the irs.

Form 990, Page 6, Part VI, Line 15A

The salaries of the president and other staff are incorporated into the annual budget. The annual budget is reviewed and approved by the executive committee and the board of directors.

Form 990, Page 6, Part VI, Line 15B

The salaries of the president and other staff are incorporated into the annual budget. The annual budget is reviewed and approved by the executive committee and the board of directors.

Form 990, Page 6, Part VI, Line 19

All governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Madison Region Economic Partnership
EIN
71-1015136
Phone
6085710408
Address
8517 EXCELSIOR DR 107, MADISON, WI 53717

Signing Officer

Name
Dr Mark Thomas Jr
Title
Treasurer
Phone
6085710408
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Fields
Formed
2006
Legal Domicile
Wi
Voting Board Members
32
Independent Board Members
32
Employees
13

Preparer

Firm
Cascade CPA
Address
421 WATER STREET 111, PRAIRIE DU SAC, WI 53578
Preparer
Julie Miller
Phone
6086440206
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Eda sector strategy grant, usda revolving loan fund (rlf) program and main street bounce back grant.

Form 990, Part IX, Line 11G

Program license fees 9,575 0 0 outside contract services 119,487 0 0 professional fees 810 0 0 total 129,872 0 0

Raw XML AppendixShowing 400 of 562 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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IRS990/MissionDesc0TO PROTECT, LEVERAGE, AND ACCELERATE THE GROWTH OF OUR REGIONS STRONGEST ECONCOMIC OPPORTUNITIES AND TO FACILITATE AND SUPPORT COLLABORATIVE REGIONAL EFFORTS THAT PRESERVE AND ENHANCE OUR QUALITY OF LIFE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0BUILD OUR REGION'S COMPETITIVE ADVANTAGE: WE WILL TARGET RESOURCES TOWARD ENSURING THAT THE MADISON REGION'S POLICYMAKERS AND BUSINESS LEADERS HAVE TIMELY AND RELEVANT INFORMATION FROM WHICH TO BASE THEIR DECISIONS. TO MAINTAIN OUR INTERNATIONAL COMPETITIVENESS. IT IS IMPORTANT TO CREATE THE CONTEXT THROUGH GOOD PUBLIC POLICY FOR LONG-TERM ECONOMIC GROWTH AND THE PRESERVATION OF OUR REGION'S QUALITY OF LIFE - INITIATIVE 3 COMMUNICATIONS - 1 WEBSITE DESIGN 2 MEDIA COVERAGE 3 SPEAKING ENGAGEMENTS
IRS990/ProgSrvcAccomActy3Grp/Desc0PROMOTE A REGIONAL CULTURE AND BRAND: CONVENE STAKEHOLDERS FROM ACROSS THE MADISON REGION TO MOBILIZE DIALOGUE ON A RANGE OF IMPORTANT FRONTS, CENTRAL TO THIS COLLABORATION HAS BEEN AND WILL CONTINUE TO BE RAISING AWARENESS OF HOW THE SUCCESS OF ONE PART OF OUR REGION CAN TRANSLATE INTO SUCCESS FOR OUR ENTIRE REGION, GOING FORWARD, OUR WORK WILL BUILD ON THIS STRONG FOUNDATION AND CONTINUE TO BUILD BRIDGES BETWEEN AND WITHIN THE PUBLIC AND PRIVATE SECTORS TO EFFECTUATE TANGIBLE CHANGE AND GROWTH - INITIATIVE 4 REGIONAL PROMOTION & COLLABORATION - 1 BUSINESS LINK - SYNCHRONIST ED PRO SUPPORT
IRS990/ProgSrvcAccomActyOtherGrp/Desc0EDA SECTOR STRATEGY GRANT, USDA REVOLVING LOAN FUND (RLF) PROGRAM AND MAIN STREET BOUNCE BACK GRANT.
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