Mandt Community Center Inc
- Assets
- $970.0k
- Revenue
- $306.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Stoughton, WI
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 39-1755287
Organization Overview
Mandt Community Center Inc is located in Stoughton, WI. The organization was established in 1994. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Mandt Community Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mandt Community Center 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 12/2023, Mandt Community Center Inc generated $306.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $262.2k during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN AND OPERATE A COMMUNITY CENTER THAT IS USED AS AN ICE FACILTY IN THE WINTER MONTHS AND HOLDS VARIOUS EVENTS DURING SUMMER MONTHS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE CONTINUED TO MAINTAIN THE COMMUNITY CENTER AND UPGRADE THE FACILITY WHILE ALSO RETIRING THE OUTSTANDING DEBT ON THE BUILDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Ihlenfeldt Director | Trustee | 1 | $0 |
Kevin Stokstad Treasurer | OfficerTrustee | 1 | $0 |
Brian Kahl President | OfficerTrustee | 1 | $0 |
Chris Quam Vice President | OfficerTrustee | 1 | $0 |
Angie Halverson Secretary | OfficerTrustee | 1 | $0 |
Bart Quale Manager | Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Software Support Company Inc Dba Cma Accounting | 12/30/16 | $6,965 |
Stotlar & Stotlar Accounting | 12/30/16 | $2,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $249,553 |
| 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 | $682 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $43,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,479 |
| Office expenses | $1,137 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,842 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,267 |
| Insurance | $17,296 |
| All other expenses | $0 |
| Total functional expenses | $262,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,500 |
| Savings and temporary cash investments | $96,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,370 |
| 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 | $15,551 |
| Net Land, buildings, and equipment | $836,658 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $970,048 |
| Accounts payable and accrued expenses | $2,742 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,742 |
| Net assets without donor restrictions | $967,306 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $970,048 |