Madison Curling Foundation Inc
- Assets
- $257.7k
- Revenue
- $50.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 39-1748424
Organization Overview
Madison Curling Foundation Inc is located in Madison, WI. The organization was established in 1993. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Curling Foundation 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 12/2022, Madison Curling Foundation Inc generated $50.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $45.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MADISON CURLING FOUNDATION PROVIDES A CURLING FACILITY FOR AMATEUR CURLING ACTIVITIES IN SOUTH CENTRAL WISCONSIN THAT IS USED TO PROMOTE THE SPORT OF CURLING BY MAKING ICE TIME AVAILABLE FOR SCHOOL PHYSICAL EDUCATION PROGRAMS, DEVELOPMENT FOR JUNIOR CURLING PROGRAMS, AND SUPPORT FOR NATIONAL, INTERNATIONAL, AND OLYMPIC COMPETITION.
THE MADISON CURLING FOUNDATION ISSUES GRANTS TO JUNIOR CURLERS SO THAT THEY CAN IMPROVE THEIR CURLING SKILLS AND COMPETE ON A MORE COMPETITIVE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Wixson Treasurer | 1 | $0 | |
Ryan Witt Vice President/secretary | 0.25 | $0 | |
Troy Mayne President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,948 |
| Interest on Savings | $69 |
| Dividends & Interest | $0 |
| Net Rental Income | $6,665 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,505 |
| Total Revenue | $50,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $18,257 |
| Occupancy | $17,684 |
| Travel, conferences, and meetings | $1,455 |
| Printing and publications | $0 |
| Other expenses | $1,079 |
| Total operating and administrative expenses | $40,000 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $45,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,710 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $216,018 |
| Other assets | $0 |
| Total assets | $257,728 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Madison Curling Foundation Inc has awarded $5,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CARTER HENRY PURPOSE: GRANT TO HELP WITH EXPENSES FOR JUNIOR CURLERS. | $990 |
WESLY HENRY PURPOSE: GRANT TO HELP WITH EXPENSES FOR JUNIOR CURLERS. | $866 |
ANIKA NELSON PURPOSE: GRANT TO HELP WITH EXPENSES FOR JUNIOR CURLERS. | $578 |
MEGAN MCPHEE PURPOSE: GRANT TO HELP WITH EXPENSES FOR JUNIOR CURLERS. | $532 |
BRADY KOPP PURPOSE: GRANT TO HELP WITH EXPENSES FOR JUNIOR CURLERS. | $454 |
TREVOR NELSON PURPOSE: GRANT TO HELP WITH EXPENSES FOR JUNIOR CURLERS. | $440 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amateur Hockey Assoc Illinois Inc Elk Grove Village, IL | $1,304,353 | $3,600,631 |
Sabre Hockey Association Naperville, IL | $660,750 | $2,725,908 |
Chicago Mission Aaa Hockey Club Chicago, IL | $91,949 | $3,146,762 |
Team Illinois Hockey Club Barrington, IL | $1,289,943 | $2,565,201 |
Chicago Young Americans Amateur Hockey Association Frankfort, IL | $180,153 | $2,181,260 |
Michigan Snowmobile & Orv Association Wyoming, MI | $1,270,885 | $2,669,525 |
The Loppet Foundation Inc Minneapolis, MN | $4,982,965 | $3,219,111 |
American Birkebeiner Ski Foundation Inc Hayward, WI | $7,179,042 | $2,764,424 |
Hawks Hockey Club Nfp Darien, IL | $1,224,811 | $2,991,552 |
Falcons Hockey Association Highland Park, IL | $144,665 | $2,611,835 |
United Heroes League Hastings, MN | $3,084,310 | $3,081,953 |
Detroit Skating Club Inc Bloomfield Hills, MI | $5,849,869 | $2,229,061 |