Startingblock Madison Inc
- Assets
- $3.8m
- Revenue
- $962.6k
- Investments
- $23.6k
- Employees
- 6
- Location
- Madison, WI
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3631409
Organization Overview
Startingblock Madison Inc is located in Madison, WI. The organization was established in 2014. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Startingblock Madison Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Startingblock Madison 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, Startingblock Madison Inc generated $962.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $1.4m 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
AN ENTREPRENEURIAL HUB AND ECOSYSTEM HELPING MADISON'S ENTREPRENEURS SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCHING MORE THAN 40 PROGRAMS FOR ENTREPRENEURS, BOTH LIVE AND VIRTUAL VIA A PODCAST, IN 2021. GRADUATED 15 SOCIAL IMPACT COHORT NON-PROFIT ENTREPRENEURS FROM A COMPREHENSIVE PROGRAM FOR ENTREPRENEURSHIP. ESTABLISHED ENTREPRENEURS AND ARTISTS IN RESIDENCE AVAILABLE BY APPOINTMENT FOR MEETINGS. DEVELOPED LOW-COST COMPREHENSIVE BENEFITS FOR ALL MEMBERS OF STARTINGBLOCK.
LAUNCHING MORE THAN 40 PROGRAMS FOR ENTREPRENEURS, BOTH LIVE AND VIRTUAL VIA A PODCAST, IN 2021. GRADUATED 15 SOCIAL IMPACT COHORT NON-PROFIT ENTREPRENEURS FROM A COMPREHENSIVE PROGRAM FOR ENTREPRENEURSHIP. ESTABLISHED ENTREPRENEURS AND ARTISTS IN RESIDENCE AVAILABLE BY APPOINTMENT FOR MEETINGS. DEVELOPED LOW-COST COMPREHENSIVE BENEFITS FOR ALL MEMBERS OF STARTINGBLOCK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nora Roughen-Schmidt Executive Director | Officer | 40 | $92,308 |
Forrest Woolworth Co-Chair | OfficerTrustee | 2 | $0 |
Mark Richardson Co-Chair | OfficerTrustee | 1 | $0 |
Laura Strong Vice Chair | OfficerTrustee | 1 | $0 |
Scott Forester Treasurer | OfficerTrustee | 2 | $0 |
Meg Prestigiacomo Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $209,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,715 |
| Total Program Service Revenue | $617,882 |
| Investment income | $315 |
| 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 | $962,585 |
| 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. | $92,308 |
| Compensation of current officers, directors, key employees. | $11,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,028 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,427 |
| Payroll taxes | $19,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,056 |
| Fees for services: Accounting | $45,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,856 |
| Advertising and promotion | $550 |
| Office expenses | $36,512 |
| Information technology | $14,554 |
| Royalties | $0 |
| Occupancy | $481,645 |
| Travel | $564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,453 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $446,235 |
| Insurance | $21,025 |
| All other expenses | $4,394 |
| Total functional expenses | $1,365,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,329 |
| Savings and temporary cash investments | $980,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,832 |
| 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 | $2,023 |
| Net Land, buildings, and equipment | $2,574,873 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,594 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,788,993 |
| Accounts payable and accrued expenses | $32,796 |
| Grants payable | $0 |
| Deferred revenue | $11,348 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $32,192 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,308,299 |
| Other liabilities | $0 |
| Total liabilities | $1,384,635 |
| Net assets without donor restrictions | $2,404,358 |
| 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 | $3,788,993 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Startingblock Madison Inc has recieved totaling $140,000.
| Awarding Organization | Amount |
|---|---|
Cuna Mutual Group Foundation Inc Madison, WI PURPOSE: CHARITABLE | $60,000 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: HUMAN SERVICES PROGRAM SUPPORT | $20,000 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: COMMUNITY GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Consortium Of Community Developers Minneapolis, MN | $14,565,346 | $14,747,823 |
Wisconsin Womens Business Initiative Corporation Milwaukee, WI | $42,014,379 | $10,583,804 |
Women Venture St Paul, MN | $7,708,341 | $8,474,014 |
Allies For Community Business Inc Chicago, IL | $54,726,016 | $12,452,578 |
Urban Ventures Leadership Foundation Minneapolis, MN | $23,559,763 | $6,521,879 |
Bunker Labs Nfp Inc Chicago, IL | $3,938,287 | $4,312,612 |
Detroit Development Fund Detroit, MI | $19,500,518 | $2,941,920 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
Startingblock Madison Inc Madison, WI | $3,788,993 | $962,585 |
Central Minnesota Development Company Andover, MN | $3,109,444 | $999,166 |
Beta Group Minneapolis, MN | $157,595 | $502,721 |
Macomb County Community Dispute Resolution Center Inc Mt Clemens, MI | $219,458 | $522,966 |