Madison Seed Accelerator Inc
- Assets
- $31.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westfield, WI
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 46-5724018
Organization Overview
Madison Seed Accelerator Inc is located in Westfield, WI. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Seed Accelerator 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 12/2022, Madison Seed Accelerator Inc generated $125.1k 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 (7.2%) each year. All expenses for the organization totaled $93.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Madison Seed Accelerator Inc has awarded 15 individual grants totaling $115,000. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE TRAINING AND MENTORING FOR TEAMS SELECTED TO PARTICIPATE IN SPRING AND SUMMER COHORTS OF THE PROGRAM. COMPANIES THAT GO THROUGH THE PROGRAM ULTIMATELY CREATE JOBS AND GENERATE REVENUE TO ENHANCE THE WISCONSIN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Englund Chairman | 10 | $0 | |
Terry Sivesind President | 10 | $0 | |
Anne Smith Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $58 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,058 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $32,000 |
| Occupancy, rent, utilities, and maintenance | $5,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,798 |
| Total expenses | $93,798 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,260 |
| Other assets | $0 |
| Total assets | $31,260 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,260 |
Grants Awarded
Over the last fiscal year, Madison Seed Accelerator Inc has awarded $23,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EMONIX PURPOSE: Seed Funding | $8,000 |
POLCO PURPOSE: Seed Funding | $7,500 |
WEIGHTUP SOLUTIONS INC PURPOSE: Seed Funding | $7,500 |