Madison Area Sports Commission Inc
- Assets
- $637.4k
- Revenue
- $417.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Madison, WI
- Founding
- Data as of
- 12/2017
- EIN
- 27-2207568
Organization Overview
Madison Area Sports Commission Inc is located in Madison, WI. As of 12/2017, Madison Area Sports Commission Inc employed 3 individuals. Madison Area Sports Commission Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2017, Madison Area Sports Commission Inc generated $417.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (35.1%) each year. All expenses for the organization totaled $850.0k during the year ending 12/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SPORTS TRAVEL WITHIN DANE COUNTY AND PROMOTE YOUTH SPORTS ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTS MARKETING - MARKET MADISON AND DANE COUNTY AS A POTENTIAL VENUE FOR ORGANIZERS OF SPORTING EVENTS THROUGH DIRECT SALES, FINANCIAL SPONSORSHIP OF EVENTS, AND PROMOTION OF MADISON AS A COMMUNITY THAT HAS AN ACTIVE FAN AND PARTICIPANT BASE FOR EVENT ORGANIZERS. EVENTS INCLUDE THE 2017 REEBOK CROSSFIT GAMES, THE CONTINUATION OF IRONMAN WISCONSIN AND SEVERAL OTHER REGIONAL AND NATIONAL SPORTING TOURNAMENTS AND COMPETITIONS INCLUDING CYCLING, TUMBLING, DISK GOLF, AND ROLLER DERBY EVENTS.
SPORTS MARKETING - MARKET MADISON AND DANE COUNTY AS A POTENTIAL VENUE FOR ORGANIZERS OF SPORTING EVENTS THROUGH DIRECT SALES, FINANCIAL SPONSORSHIP OF EVENTS, AND PROMOTION OF MADISON AS A COMMUNITY THAT HAS AN ACTIVE FAN AND PARTICIPANT BASE FOR EVENT ORGANIZERS. EVENTS INCLUDE THE 2017 REEBOK CROSSFIT GAMES, THE CONTINUATION OF IRONMAN WISCONSIN AND SEVERAL OTHER REGIONAL AND NATIONAL SPORTING TOURNAMENTS AND COMPETITIONS INCLUDING CYCLING, TUMBLING, DISK GOLF, AND ROLLER DERBY EVENTS.
YOUTH SPORTS PROMOTION - PROVIDE UNDERPRIVILAGED LOCAL YOUTH WITH OPPORTUNITIES TO BECOME INVOLVED IN VARIOUS TYPES OF SPORTS.
YOUTH SPORTS PROMOTION - PROVIDE UNDERPRIVILAGED LOCAL YOUTH WITH OPPORTUNITIES TO BECOME INVOLVED IN VARIOUS TYPES OF SPORTS.
"BUCKY ON PARADE" IS A FREE PUBLIC ART EVENT THAT WILL BRING 85 LIFE-SIZE BUCKY BADGER STATUES TO THE STREETS OF MADISON AND DANE COUNTY MAY 7 THROUGH SEPTEMBER 12, 2018. LOCAL AND REGIONAL ARTISTS WILL TRANSFORM THESE BUCKY STATUES INTO UNIQUE WORKS OF ART. MASC IS THE PRODUCER OF THE EVENT. EVENT PROCEEDS WILL SUPPORT "GARDING AGAINST CANCER", MADISON AREA SPORTS COMMISSION, AND OTHER COMMUNITY CHARITIES.
"BUCKY ON PARADE" IS A FREE PUBLIC ART EVENT THAT WILL BRING 85 LIFE-SIZE BUCKY BADGER STATUES TO THE STREETS OF MADISON AND DANE COUNTY MAY 7 THROUGH SEPTEMBER 12, 2018. LOCAL AND REGIONAL ARTISTS WILL TRANSFORM THESE BUCKY STATUES INTO UNIQUE WORKS OF ART. MASC IS THE PRODUCER OF THE EVENT. EVENT PROCEEDS WILL SUPPORT "GARDING AGAINST CANCER", MADISON AREA SPORTS COMMISSION, AND OTHER COMMUNITY CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Clark Secretary | OfficerTrustee | 1 | $0 |
Rob Crain Treasurer | OfficerTrustee | 1 | $0 |
Craig Fenrick Director | Trustee | 0.5 | $0 |
Terry Gawlik Director | Trustee | 0.5 | $0 |
Cory Mace Director | Trustee | 0.5 | $0 |
Terry Murawski Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,041 |
| Total Program Service Revenue | $315,059 |
| Investment income | $1,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $417,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,622 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,460 |
| Pension plan accruals and contributions | $10,349 |
| Other employee benefits | $30,746 |
| Payroll taxes | $17,148 |
| Fees for services: Management | $24,013 |
| Fees for services: Legal | $3,070 |
| Fees for services: Accounting | $18,761 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,802 |
| Advertising and promotion | $94,596 |
| Office expenses | $15,225 |
| Information technology | $16,107 |
| Royalties | $0 |
| Occupancy | $45,251 |
| Travel | $1,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,971 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,106 |
| All other expenses | $0 |
| Total functional expenses | $850,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $543,155 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $6,194 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,050 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $637,399 |
| Accounts payable and accrued expenses | $8,918 |
| Grants payable | $0 |
| Deferred revenue | $219,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $228,318 |
| Unrestricted restricted net Assets | $342,880 |
| Temporarily restricted net Assets | $66,201 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $409,081 |