Mad-City Ski Team
- Assets
- $116.6k
- Revenue
- $70.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 39-1821137
Organization Overview
Mad-City Ski Team is located in Madison, WI. The organization was established in 1998. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Mad-City Ski Team 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 12/2021, Mad-City Ski Team generated $70.4k 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 (8.3%) each year. All expenses for the organization totaled $109.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER SKIING ENTERTAINMENT TO THE PUBLIC. PROVIDE EDUCATION AND TRAINING TO THE GENERAL PUBLIC ON WATER SKIING, BOATER SAFETY, AND ETIQUETTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SKIING ENTERTAINMENT TO THE PUBLIC. PROVIDE EDUCATION AND TRAINING TO THE GENERAL PUBLIC ON WATER SKIING, BOATER SAFETY, AND ETIQUETTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carin Reynen President | Trustee | 5 | $0 |
Drew Heidenreich Treasurer | Trustee | 5 | $0 |
Cody Jaworski Skier Rep | Trustee | 5 | $0 |
Shannon Piper Recording Sec | Trustee | 5 | $0 |
Brendon Perry Corr Sec | Trustee | 5 | $0 |
Matt Heilman Show Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,545 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,814 |
| Total Program Service Revenue | $6,768 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,307 |
| Net Income from Fundraising Events | $23,516 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,405 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,858 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,450 |
| Interest | $2,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,003 |
| Insurance | $3,151 |
| All other expenses | $0 |
| Total functional expenses | $109,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,033 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,260 |
| 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 | $0 |
| Net Land, buildings, and equipment | $105,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,613 |
| Accounts payable and accrued expenses | $0 |
| 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 | $55,034 |
| Total liabilities | $55,034 |
| Net assets without donor restrictions | $0 |
| 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 | $61,579 |
| Total liabilities and net assets/fund balances | $116,613 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mad-City Ski Team has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlachen Country Club Edina, MN | $38,666,862 | $19,906,229 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
Travis Pointe Country Club Ann Arbor, MI | $3,693,496 | $5,450,943 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |
Conway Farms Golf Club Inc Lake Forest, IL | $28,236,778 | $8,719,837 |