Civic Intelligence

Heat Athletics Inc

EIN 81-4296742 • 501(c)3 • Franklin, WI

Profile

Heat athletics inc.'s (dba stingray allstars wisconsin) primary purpose is to provide children between the ages of 4 and 18 with competitive all-star cheerleading, tumbling and cheer instruction. Heat will develop, promote and regulate the sport of cheerleading, tumbling and cheer for children, and promote sportsmanlike competition in wisconsin.

9850 S 54th StreetFranklin, WI 53132

www.stingrayswi.com

Siviq Scores

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

Liabilities / Assets

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

54th percentile

0.10x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

47th percentile

2.9%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

28th percentile

-4.8%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $1,657,245 (-100%) from 2021

Liabilities

Down

$0

Down $48,757 (-100%) from 2021

Net Assets

Down

$0

Down $1,608,488 (-100%) from 2021

Revenue

Down

$70,243

Down $424,837 (-86%) from 2021

Expenses

Up

$1,433,612

Up $1,006,010 (+235%) from 2021

Net Income

Down

-$1,363,369

Down $1,430,847 (-2120%) from 2021

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $1,562,383Liabilities 2017: $1,973Net Assets 2017: $1,560,4102017Assets 2018: $1,528,086Liabilities 2018: $2,965Net Assets 2018: $1,525,1212018Assets 2019: $1,535,300Liabilities 2019: $22,496Net Assets 2019: $1,512,8042019Assets 2020: $1,609,767Liabilities 2020: $68,757Net Assets 2020: $1,541,0102020Assets 2021: $1,657,245Liabilities 2021: $48,757Net Assets 2021: $1,608,4882021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2017: $1,844,160Expenses 2017: $282,726Net Income 2017: $1,561,4342017Revenue 2018: $518,627Expenses 2018: $553,916Net Income 2018: -$35,2892018Revenue 2019: $459,017Expenses 2019: $452,991Net Income 2019: $6,0262019Revenue 2020: $519,864Expenses 2020: $491,658Net Income 2020: $28,2062020Revenue 2021: $495,080Expenses 2021: $427,602Net Income 2021: $67,4782021Revenue 2022: $70,243Expenses 2022: $1,433,612Net Income 2022: -$1,363,3692022

Highlighted filing

2022

Revenue$70,243
Expenses$1,433,612
Net Income-$1,363,369

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Jan 11, 2023
Return Version
2021v4.2
Gross Receipts
$71,531
Mission and Program Overview

Mission

Heat Athletic, Inc.'s ("Heat") primary purpose is to provide children between the ages of 4 and 18 with competitive All-Star cheerleading, tumbling and cheer instruction. Heat will develop, promote and regulate the sport of cheerleading, tumbling and cheer for children, and promote sportsmanlike competition in Wisconsin.

Develop and nurture children ages 4 through 18 into positive, caring, strong and confident individuals through physical activities and coaching in our facility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,537,260$0▼ $1,537,260
Accounts Receivable$119,985$0▼ $119,985
Cash and Non-Interest-Bearing Accounts-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,657,245$0▼ $1,657,245
Other Assets Total-$0-
Liabilities
Other Liabilities$47,860$0▼ $47,860
Accounts Payable and Accrued Expenses$897--
Total Liabilities$48,757$0▼ $48,757
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,608,488$0▼ $1,608,488
Total Net Assets Fund Balance$1,608,488$0▼ $1,608,488
Total Liabilities and Net Assets / Fund Balance$1,657,245$0▼ $1,657,245
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sean MarsPresident
Brandi MarsVice President & Secretary
Dennis AxelsonDirector
James DaileyDirector
Jeff BillingsDirector (beg. October)
Tom TrossenDirector (thru August)

Highest Paid Contractors

ContractorServicesLocationCompensation
Tsys Merchant Solutions LLC-1 TSYS WAY, Columbus, GA 31901$107,440
Revenue and Support

Revenue Composition

Contributions and Grants
$47,860
Program Service Revenue
$23,129
Investment Income
$0
Other Revenue
$-746
Change in Net Assets
$-1,363,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,321,406
Salaries, Compensation, and Employee Benefits$75,733
Other Expenses$36,473
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,321,406--$1,321,406
Other Employee Benefits$29,934$3,326-$33,260
Other Salaries and Wages$28,850$3,205-$32,055
Fees for Services Other-$11,122-$11,122
Payroll Taxes$9,376$1,042-$10,418
Insurance$4,651--$4,651
All Other Expenses-$4,181-$4,181
Office Expenses-$3,064-$3,064
Occupancy$1,651--$1,651
Other Expenses$185$441-$185
Advertising$72--$72
Total Functional Expenses$1,407,231$26,381$0$1,433,612
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mars Family FoundationFranklin, WI501(c)(3)Transfer to Mars Family Foundation$1,311,436
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Section A, Line 2

Sean mars, president of the organization, and brandi mars, vice president and secretary of the organization, are husband and wife.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is provided to and reviewed by the board of directors prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

The board of directors has adopted and maintains a conflict of interest policy. Each director shall sign, as a condition to serving the corporation in his or her respective role, an annual statement agreeing to be bound by the terms of the policy.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Heat Athletics Inc
EIN
81-4296742
Phone
2623721358
Address
9850 S 54TH STREET, FRANKLIN, WI 53132
Doing Business As
Stingray Allstars Wisconsin

Signing Officer

Name
Sean Mars
Title
President
Phone
2623721358
Signed
2023-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Mars
Formed
2016
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
1502 LONDON ROAD SUITE 200, DULUTH, MN 55812
Preparer
Michael J Peterson CPA
Phone
2187224705
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The organization was ceased operations as of 12/31/2021.

FORM 990, PART XI, LINE 9:

Transfer of remaining fund balance -245,119.

Raw XML AppendixShowing 400 of 435 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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0435008
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01684290
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0312
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt026062
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt026374
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98630
IRS990ScheduleA/PublicSupportPY509Pct00.54510
IRS990ScheduleA/PublicSupportTotal509Amt01826928
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt05450
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt025450
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt047860
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0398238
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0482671
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0442243
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0481366
IRS990ScheduleA/Total509Grp/TotalAmt01852378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt047860
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0398238
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0482671
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0442243
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0481366
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01852378
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01311436
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0FINAL TRANSFER OF ASSETS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TRANSFER TO MARS FAMILY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MARS FAMILY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0472723514
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt09850 S 54TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FRANKLIN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd053132
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0MARKET METHOD
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH AND SHORT TERM INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0MARS FAMILY FOUNDATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0472723514
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt01311436
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0COST APPROACH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt09850 S 54TH ST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0FRANKLIN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0WI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd053132
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: SEAN MARS AND BRANDI MARS
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: SEAN MARS AND BRANDI MARS ARE BOTH DIRECTORS OF HEAT ATHLETICS AND THE MARS FAMILY FOUNDATION WHICH RECEIVED THE FINAL DISTRIBUTION OF FUNDS.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS CEASED OPERATIONS AS OF 12/31/2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEAN MARS, PRESIDENT OF THE ORGANIZATION, AND BRANDI MARS, VICE PRESIDENT AND SECRETARY OF THE ORGANIZATION, ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED TO AND REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS HAS ADOPTED AND MAINTAINS A CONFLICT OF INTEREST POLICY. EACH DIRECTOR SHALL SIGN, AS A CONDITION TO SERVING THE CORPORATION IN HIS OR HER RESPECTIVE ROLE, AN ANNUAL STATEMENT AGREEING TO BE BOUND BY THE TERMS OF THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER OF REMAINING FUND BALANCE -245,119.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt01657245
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt01657245
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt047860
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026381
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01407231
IRS990/TotalFunctionalExpensesGrp/TotalAmt01433612
IRS990/TotalGrossUBIAmt0-764
IRS990/TotalLiabilitiesBOYAmt048757
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt048757
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01608488
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01407231
IRS990/TotalProgramServiceRevenueAmt023129
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt018
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023129
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt070243
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-764
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01657245
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09850 S 54TH STREET
IRS990/USAddress/CityNm0FRANKLIN
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053132
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05

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