Madison Circus Space Inc
- Assets
- $1.7m
- Revenue
- $125.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-1901160
Organization Overview
Madison Circus Space Inc is located in Madison, WI. The organization was established in 2014. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, 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 Circus Space 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 12/2021, Madison Circus Space Inc generated $125.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $170.9k during the year ending 12/2021. While expenses have increased by 18.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CELEBRATE, PROMOTE, AND NURTURE THE DEVELOPMENT OF CIRCUS AND MOVEMENT ARTS IN THE MADISON, WISCONSIN AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SPACE FOR CIRCUS PERFORMERS TO PRACTICE ART OF BEING A CIRCUS PERFORMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Emery President | Trustee | 0 | $0 |
Josh Casey Director | Trustee | 0 | $0 |
Liz Sexe Director | Trustee | 0 | $0 |
Danielle Lee Treasurer | Trustee | 0 | $0 |
Carly Schuna Secretary | Trustee | 0 | $0 |
Karen Nellesen Director | Trustee | 0 | $0 |
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 | $76,446 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,446 |
| Total Program Service Revenue | $48,971 |
| Investment income | $1 |
| 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 | $125,418 |
| 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 | $1,808 |
| 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 | $1,976 |
| Information technology | $4,702 |
| Royalties | $0 |
| Occupancy | $14,689 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,554 |
| Insurance | $7,911 |
| All other expenses | $8,543 |
| Total functional expenses | $170,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,598 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,625,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,748,223 |
| 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 | $1,350,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,350,000 |
| Net assets without donor restrictions | $398,223 |
| 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 | $1,748,223 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Madison Circus Space Inc has recieved totaling $21,859.
| Awarding Organization | Amount |
|---|---|
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
Edith Johnston Memorial Fund Eaton Rapids, MI PURPOSE: HOME FOR CIRCUS ARTS IN MADISON | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $359 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Sports Center Foundation Blaine, MN | $27,150,165 | $17,022,739 |
Keystone Community Services St Paul, MN | $8,365,266 | $10,237,066 |
Wisconsin Interscholastic Athletic Association Stevens Point, WI | $5,017,808 | $3,980,109 |
Tennis & Education Inc Saint Paul, MN | $4,348,545 | $2,852,378 |
Grand Rapids Youth Commonwealth Inc Grand Rapids, MI | $5,210,285 | $2,995,800 |
North Shore Ice Arena Llc Northbrook, IL | $6,337,689 | $1,838,299 |
Eagan Athletic Association Eagan, MN | $1,025,643 | $1,830,923 |
Fox Cities Sports Development Inc Appleton, WI | $722,935 | $1,613,590 |
Central Collegiate Hockey Association Inc Deephaven, MN | $346,760 | $1,284,146 |
Rosemount Area Hockey Association Rosemount, MN | $640,181 | $1,169,578 |
Running Usa Inc Minneapolis, MN | $710,193 | $812,424 |
Iowa Volleyball Association Clive, IA | $575,619 | $865,650 |