Civic Intelligence

Heat Athletics Inc

990 • Fiscal year 2017 • EIN 81-4296742

Nov 01, 2016 to May 31, 2017 • Filed on Apr 10, 2019

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

(262) 372-1358

Siviq Scores

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

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

20th percentile

-10%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets24th percentile

Assets

$1,562,383

No earlier filing loaded for comparison.

Net Assets

$1,560,410

No earlier filing loaded for comparison.

Liabilities

$1,973

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin20th percentile

Revenue

$1,844,160

No earlier filing loaded for comparison.

Expenses

$282,726

No earlier filing loaded for comparison.

Net Income

$1,561,434

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2017

Assets$1,562,383
Liabilities$1,973
Net Assets$1,560,410
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$1,844,160
Expenses$282,726
Net Income$1,561,434
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to May 31, 2017
Signed
Apr 10, 2019
Return Version
2016v3.0
Gross Receipts
$1,872,628
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
Land, Buildings, and Equipment, Net$0$1,530,630▲ $1,530,630
Cash and Non-Interest-Bearing Accounts$0$25,664▲ $25,664
Inventories for Sale or Use$0$5,260▲ $5,260
Accounts Receivable$0$829▲ $829
Total Assets$0$1,562,383▲ $1,562,383
Liabilities
Other Liabilities$0$1,733▲ $1,733
Accounts Payable and Accrued Expenses$0$240▲ $240
Total Liabilities$0$1,973▲ $1,973
Net Assets / Fund Balance
Unrestricted Net Assets$0$1,560,410▲ $1,560,410
Total Net Assets Fund Balance$0$1,560,410▲ $1,560,410
Total Liabilities and Net Assets / Fund Balance$0$1,562,383▲ $1,562,383

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,275,630$19,370$1,295,000
Land$255,000-$255,000
Compensation and Service Providers
Top Officer Pay35th percentile

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
$1,655,284
Program Service Revenue
$202,489
Investment Income
$0
Other Revenue
$-13,613
All Other Contributions
$1,655,284
Change in Net Assets
$1,561,434

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$1,550,000Appraised Value
Total Noncash Contributions1$1,550,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$167,533
Salaries, Compensation, and Employee Benefits$115,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,693$9,633-$96,326
Occupancy$56,826--$56,826
Depreciation Depletion$19,370--$19,370
Conferences and Meetings$10,596--$10,596
Other Employee Benefits$8,642$960-$9,602
Payroll Taxes$7,397$822-$8,219
Travel$7,431--$7,431
Advertising$4,608$2,329-$6,937
Fees for Services Legal-$5,900-$5,900
Information Technology-$3,932-$3,932
Fees for Services Accounting-$3,471-$3,471
Insurance$3,177--$3,177
All Other Expenses$3,027--$3,027
Office Expenses$2,654--$2,654
Other Expenses$1,492--$1,492
Pension Plan Contributions$941$105-$1,046
Total Functional Expenses$255,574$27,152$0$282,726
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
2019-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Mars
Formed
2016
Legal Domicile
Wi
Voting Board Members
3
Independent Board Members
3
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 -1,024.”

Form 990, Item B, Amended Return:

“At the time of original filing, the organization's internal financial statements were not finalized. Therefore areas of the tax return, which include financial information, have been amended to reflect the finalized financial information including: Form 990, Part I, Part III, Part IV, Part V, Part VIII, Part IX, Part X, Part XI, Schedule A, Schedule B, Schedule D, Schedule M, Schedule O and Form 990-T.”

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.

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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.
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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.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part II, Short Year Explanation:
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0The organization tracks and reports the actual number of contributions received.
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt1The organization used a commercial real estate appraiser to appraise the commercial real estate property.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Column (b):
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 32b:
IRS990ScheduleM/ThirdPartiesUsedInd01
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 -1,024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5At the time of original filing, the organization's internal financial statements were not finalized. Therefore areas of the tax return, which include financial information, have been amended to reflect the finalized financial information including: Form 990, Part I, Part III, Part IV, Part V, Part VIII, Part IX, Part X, Part XI, Schedule A, Schedule B, Schedule D, Schedule M, Schedule O and Form 990-T.
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/FormAndLineReferenceDesc5Form 990, Item B, Amended Return:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt01562383
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt01562383
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01655284
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027152
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0255574
IRS990/TotalFunctionalExpensesGrp/TotalAmt0282726
IRS990/TotalGrossUBIAmt0-16568
IRS990/TotalLiabilitiesEOYAmt01973
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01973
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01560410
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0255574
IRS990/TotalProgramServiceRevenueAmt0202489
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02955
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0202489
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01844160
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-16568
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01562383
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt07431
IRS990/TravelGrp/TotalAmt07431
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01560410
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0N64 W22480 Main Street
IRS990/USAddress/CityNm0Sussex
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053089
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.heatathletics.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Sean Mars
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02623721358
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-10
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/AtSubmissionFilingDeviceId0CC322FB1B7FC8ED290785ACCB7D2994D8745AEAD
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId03936202018106034de24
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-04-16
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.250.78.130
ReturnHeader/FilingSecurityInformation/IPDt02019-04-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:36:20
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/PreparationDt02019-04-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Melissa Torgerson
ReturnHeader/ReturnTs02019-04-15T14:11:10-05:00
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
$1,562,383
Liabilities
$1,973
Net assets
$1,560,410
Revenue
$1,844,160
Expenses
$282,726
Net income
$1,561,434
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