Civic Intelligence

Heat Athletics Inc

990 • Fiscal year 2017 • EIN 81-4296742

Nov 01, 2016 to May 31, 2017 • Filed on Apr 16, 2018

Organization Profilewww.heatathletics.com
N64 W22480 Main StreetSussex, WI 53089

(262) 372-1358

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$267,653

No earlier filing loaded for comparison.

Net Assets

$265,630

No earlier filing loaded for comparison.

Liabilities

$2,023

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$478,130

No earlier filing loaded for comparison.

Expenses

$525,979

No earlier filing loaded for comparison.

Net Income

-$47,849

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $267,653Liabilities 2017: $2,023Net Assets 2017: $265,6302017Assets 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

2017

Assets$267,653
Liabilities$2,023
Net Assets$265,630
Open 2017 Filing

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2017: $478,130Expenses 2017: $525,979Net Income 2017: -$47,8492017Revenue 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

2017

Revenue$478,130
Expenses$525,979
Net Income-$47,849
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to May 31, 2017
Signed
Apr 16, 2018
Return Version
2016v3.0
Gross Receipts
$553,059
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
Intangible Assets$0$137,847▲ $137,847
Land, Buildings, and Equipment, Net$0$98,003▲ $98,003
Cash and Non-Interest-Bearing Accounts$0$25,664▲ $25,664
Inventories for Sale or Use$0$5,260▲ $5,260
Accounts Receivable$0$879▲ $879
Total Assets$0$267,653▲ $267,653
Liabilities
Other Liabilities$0$1,733▲ $1,733
Accounts Payable and Accrued Expenses$0$290▲ $290
Total Liabilities$0$2,023▲ $2,023
Net Assets / Fund Balance
Unrestricted Net Assets$0$265,630▲ $265,630
Total Net Assets Fund Balance$0$265,630▲ $265,630
Total Liabilities and Net Assets / Fund Balance$0$267,653▲ $267,653

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72,315$233,950$306,265
Leasehold Improvements$25,688$83,103$108,791
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sean MarsPresident
Brandi MarsVice President & Secretary
James DaileyDirector
Tom TrossenDirector
Dennis AxelsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$104,964
Program Service Revenue
$384,940
Investment Income
$-493
Other Revenue
$-11,281
All Other Contributions
$104,964
Change in Net Assets
$-47,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,229
Salaries, Compensation, and Employee Benefits$213,750
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$164,045$18,227-$182,272
Occupancy$103,529--$103,529
Depreciation Depletion$31,485$13,287-$44,772
Fees for Services Other$28,158$7,049-$35,207
Payroll Taxes$15,147$1,683-$16,830
Travel$14,210--$14,210
All Other Expenses$12,753--$12,753
Pension Plan Contributions$11,050$1,228-$12,278
Conferences and Meetings$12,153--$12,153
Office Expenses-$10,668-$10,668
Insurance$8,073--$8,073
Fees for Services Legal-$5,900-$5,900
Fees for Services Accounting-$3,471-$3,471
Information Technology-$3,312-$3,312
Advertising$3,267--$3,267
Other Employee Benefits$2,133$237-$2,370
Other Expenses$1,638--$1,638
Interest-$35-$35
Total Functional Expenses$460,882$65,097$0$525,979
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$1,733
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
N64 W22480 Main Street, Sussex, WI 53089

Signing Officer

Name
Sean Mars
Title
President
Phone
2623721358
Signed
2018-04-16
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
9
Volunteers
5

Preparer

Firm
Wipfli LLP
Address
10000 Innovation Drive Suite 250, Milwaukee, WI 53226-4837
Preparer
Melissa Torgerson
Phone
4144319300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Transfer of net assets from Heat Athletics All Stars LLC 313,479.”

Notice and Change of Year End

“The IRS Determination Letter with the effective date of exemption of November 1, 2016, issued to Heat Athletics, Inc. incorrectly listed the accounting period ending as December 31. It was the intention of the organization to have a May 31 year end to coincide with their business activities. This initial return is being filed for the period November 1, 2016 through May 31, 2017. Based on the year ending date on the determination letter, an extension was not filed on a timely basis. Please see reasonable cause statement for further information.”

Raw XML Appendix375 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0290
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt0879
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Develop and nurture children ages 4 through 18 into positive, caring, strong and confident individuals through physical activities and coaching in our facility.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt03267
IRS990/AdvertisingGrp/TotalAmt03267
IRS990/AllOtherContributionsAmt0104964
IRS990/AllOtherExpensesGrp/ProgramServicesAmt012753
IRS990/AllOtherExpensesGrp/TotalAmt012753
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Sean Mars
IRS990/BooksInCareOfDetail/PhoneNum02623721358
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0N64 W22480 Main Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Sussex
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053089
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt025664
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt012153
IRS990/ConferencesMeetingsGrp/TotalAmt012153
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CostOfGoodsSoldAmt074436
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0104964
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-493
IRS990/CYOtherExpensesAmt0312229
IRS990/CYOtherRevenueAmt0-11281
IRS990/CYProgramServiceRevenueAmt0384940
IRS990/CYRevenuesLessExpensesAmt0-47849
IRS990/CYSalariesCompEmpBnftPaidAmt0213750
IRS990/CYTotalExpensesAmt0525979
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0478130
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt013287
IRS990/DepreciationDepletionGrp/ProgramServicesAmt031485
IRS990/DepreciationDepletionGrp/TotalAmt044772
IRS990/Desc0Heat Athletics Inc. offers private and public classes in cheerleading and tumbling. The organization also provides training for athletes in cheerleading and tumbling, so that they may be able to compete locally and nationally. In fiscal year 2017, the program served 8 teams, which were comprised of 102 athletes. These athletes competed in 14 events nationwide. Four (4) of these teams will be competing at D2 Summit in Florida.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0460882
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03471
IRS990/FeesForServicesAccountingGrp/TotalAmt03471
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05900
IRS990/FeesForServicesLegalGrp/TotalAmt05900
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07049
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt028158
IRS990/FeesForServicesOtherGrp/TotalAmt035207
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt220.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt310.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0James Dailey
IRS990/Form990PartVIISectionAGrp/PersonNm1Tom Trossen
IRS990/Form990PartVIISectionAGrp/PersonNm2Sean Mars
IRS990/Form990PartVIISectionAGrp/PersonNm3Brandi Mars
IRS990/Form990PartVIISectionAGrp/PersonNm4Dennis Axelson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President & Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-493
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0553059
IRS990/GrossSalesOfInventoryAmt059709
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03312
IRS990/InformationTechnologyGrp/TotalAmt03312
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ProgramServicesAmt08073
IRS990/InsuranceGrp/TotalAmt08073
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt0137847
IRS990/InterestGrp/ManagementAndGeneralAmt035
IRS990/InterestGrp/TotalAmt035
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt05260
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0317053
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt098003
IRS990/LandBldgEquipCostOrOtherBssAmt0415056
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0493
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Heat 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt0265630
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-493
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-493
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-14727
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-14727
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0103529
IRS990/OccupancyGrp/TotalAmt0103529
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010668
IRS990/OfficeExpensesGrp/TotalAmt010668
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0313479
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0237
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02133
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02370
IRS990/OtherExpensesGrp/Desc0Competition Expenses
IRS990/OtherExpensesGrp/Desc1Bank fees and credit ca
IRS990/OtherExpensesGrp/Desc2Meals and entertainment
IRS990/OtherExpensesGrp/Desc3Taxes and licenses
IRS990/OtherExpensesGrp/ProgramServicesAmt035065
IRS990/OtherExpensesGrp/ProgramServicesAmt115181
IRS990/OtherExpensesGrp/ProgramServicesAmt22995
IRS990/OtherExpensesGrp/ProgramServicesAmt31638
IRS990/OtherExpensesGrp/TotalAmt035065
IRS990/OtherExpensesGrp/TotalAmt115181
IRS990/OtherExpensesGrp/TotalAmt22995
IRS990/OtherExpensesGrp/TotalAmt31638
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt01733
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt03446
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03446
IRS990/OtherRevenueTotalAmt03446
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018227
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0164045
IRS990/OtherSalariesAndWagesGrp/TotalAmt0182272
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01683
IRS990/PayrollTaxesGrp/ProgramServicesAmt015147
IRS990/PayrollTaxesGrp/TotalAmt016830
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01228
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011050
IRS990/PensionPlanContributionsGrp/TotalAmt012278
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Sean Mars
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713940
IRS990/ProgramServiceRevenueGrp/Desc0Gym Tuition and fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0384940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0384940
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-47849
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0384940
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The organization's current year is a short year, beginning on November 1, 2016 and ending on May 31, 2017.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part II, Short Year Explanation:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0104964
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0104964
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0472814
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt017716
IRS990ScheduleA/SubstantialContributorsTotAmt087248
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0104964
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0104964
IRS990ScheduleA/TotalSupportAmt0104964
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt072315
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0233950
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0306265
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt025688
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt083103
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0108791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt098003
IRS990ScheduleD/TotalLiabilityAmt01733
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Sean Mars, president of the organization, and Brandi Mars, vice president and secretary of the organization, are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A 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/ExplanationTxt2The 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/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Transfer of net assets from Heat Athletics All Stars LLC 313,479.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The IRS Determination Letter with the effective date of exemption of November 1, 2016, issued to Heat Athletics, Inc. incorrectly listed the accounting period ending as December 31. It was the intention of the organization to have a May 31 year end to coincide with their business activities. This initial return is being filed for the period November 1, 2016 through May 31, 2017. Based on the year ending date on the determination letter, an extension was not filed on a timely basis. Please see reasonable cause statement for further information.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Notice and Change of Year End
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0267653
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0267653
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0104964
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065097
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0460882
IRS990/TotalFunctionalExpensesGrp/TotalAmt0525979
IRS990/TotalGrossUBIAmt0-14727
IRS990/TotalLiabilitiesEOYAmt02023
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02023
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0265630
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0460882
IRS990/TotalProgramServiceRevenueAmt0384940
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02953
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0384940
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0478130
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-14727
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0267653
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt014210
IRS990/TravelGrp/TotalAmt014210
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0265630
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0N64 W22480 Main Street
IRS990/USAddress/CityNm0Sussex
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053089
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.heatathletics.com
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0The organization is requesting abatement of any assessed late filing fees. The organization relied upon the systems enlisted from their original certified public accountant to track the preparation and filing of the extension to file as well as the 990. The organization discovered that the original certified public accountant inadvertently missed filing the extension for the newly created organization. Subsequent to this, the organization hired their current certified public accountant to prepare and file the initial Form 990 as soon as possible. This initial 990 return would have been timely filed had an extension been filed. The organization respectfully requests that the Internal Revenue Service accept this explanation as reasonable cause for late filing.
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Sean Mars
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02623721358
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Heat Athletics Inc
ReturnHeader/Filer/BusinessNameControlTxt0HEAT
ReturnHeader/Filer/EIN0814296742
ReturnHeader/Filer/PhoneNum02623721358
ReturnHeader/Filer/USAddress/AddressLine1Txt0N64 W22480 Main Street
ReturnHeader/Filer/USAddress/CityNm0Sussex
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053089
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId051EE487FFA723F16933CF5B8BD3577F2E9FFA893
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09069EC858CFDA819A4E50133AE90AB7D0EE6B7D6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.250.78.130
ReturnHeader/FilingSecurityInformation/IPDt02018-04-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:53:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wipfli LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010000 Innovation Drive Suite 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Milwaukee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0532264837
ReturnHeader/PreparerPersonGrp/PhoneNum04144319300
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Melissa Torgerson
ReturnHeader/ReturnTs02018-04-16T16:04:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-11-01
ReturnHeader/TaxPeriodEndDt02017-05-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$267,653
Liabilities
$2,023
Net assets
$265,630
Revenue
$478,130
Expenses
$525,979
Net income
-$47,849
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.07$1.43$1.36
2021Detailed filing. Detailed filing data is available for this year.$1.66$0.05$1.61$0.50$0.43$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.61$0.07$1.54$0.52$0.49$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.54$0.02$1.51$0.46$0.45$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.52$0.55$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$1.84$0.28$1.56
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.48$0.53$0.05