Startingblock Madison Inc
- Assets
- $2.3m
- Revenue
- $1.1m
- Investments
- $7.8k
- Employees
- 5
- Location
- Madison, WI
- Founding
- 05/2014
- Data as of
- 12/2023
- 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 12/2023, Startingblock Madison Inc employed 5 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 12/2023, Startingblock Madison Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Startingblock Madison Inc has awarded 27 individual grants totaling $175,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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
LAUNCHED 2 ACCELERATOR PROGRAMS FOR EARLY STAGE COMPANIES. INCUBATED 50+ COMPANIES. CONTINUED THE INNOVATE 608 PODCAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Remzi Arpaci-Dusseau Director | Trustee | 1 | $0 |
Ben Camp Director | Trustee | 1 | $0 |
John Davitt Director | Trustee | 1 | $0 |
Kathleen Gallagher Director | Trustee | 1 | $0 |
Nicholas Herdrich Director | Trustee | 1 | $0 |
Ed Javier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $450,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $493,000 |
| Total Program Service Revenue | $635,340 |
| Investment income | $8,284 |
| 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 | $1,136,624 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $190,500 |
| 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. | $106,873 |
| Compensation of current officers, directors, key employees. | $13,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,112 |
| Payroll taxes | $18,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,334 |
| Fees for services: Accounting | $33,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,417 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,067 |
| Advertising and promotion | $950 |
| Office expenses | $56,794 |
| Information technology | $15,748 |
| Royalties | $0 |
| Occupancy | $495,569 |
| Travel | $3,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,271 |
| Payments to affiliates | $710 |
| Depreciation, depletion, and amortization | $415,485 |
| Insurance | $20,911 |
| All other expenses | $3,402 |
| Total functional expenses | $1,607,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,398 |
| Savings and temporary cash investments | $424,584 |
| Pledges and grants receivable | $70,000 |
| Accounts receivable, net | $27,970 |
| 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 | $2,824 |
| Net Land, buildings, and equipment | $1,732,301 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,804 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,282,881 |
| Accounts payable and accrued expenses | $68,737 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $36,992 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $822,605 |
| Other liabilities | $0 |
| Total liabilities | $928,334 |
| Net assets without donor restrictions | $1,163,087 |
| Net assets with donor restrictions | $191,460 |
| 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 | $2,282,881 |
Grants Awarded
Over the last fiscal year, Startingblock Madison Inc has awarded $175,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
1DIRECTOR INC PURPOSE: ACCELERATE GROWTH FOR STARTUP COMPANY | $6,500 |
BENNYROOTED LENDING INC PURPOSE: ACCELERATE GROWTH FOR STARTUP COMPANY | $6,500 |
BEYOND WORDS PRODUCTIONS PURPOSE: ACCELERATE GROWTH FOR STARTUP COMPANY | $6,500 |
DANE COUNTY FOOD COLLECTIVE PURPOSE: ACCELERATE GROWTH FOR STARTUP COMPANY | $6,500 |
GET CUBBY INC PURPOSE: ACCELERATE GROWTH FOR STARTUP COMPANY | $6,500 |
GRACEFUL MANAGEMENT SYSTEMS PURPOSE: ACCELERATE GROWTH FOR STARTUP COMPANY | $6,500 |