Madison Region Economic Partnership Inc

Organization Overview

Madison Region Economic Partnership Inc is located in Madison, WI. The organization was established in 2010. 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. As of 12/2021, Madison Region Economic Partnership Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Region Economic Partnership Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Madison Region Economic Partnership Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 17.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROTECT, LEVERAGE, AND ACCELERATE THE GROWTH OF OUR REGIONS STRONGEST ECONCOMIC OPPORTUNITIES AND TO FACILITATE AND SUPPORT COLLABORATIVE REGIONAL EFFORTS THAT PRESERVE AND ENHANCE OUR QUALITY OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GROW OUR REGION'S OWN: THE DRIVING FORCE BEHIND NEW JOB AND INVESTMENT GROWTH IS THE EXPANSION OF ALREADY EXISTING COMPANIES. SUPPORTING AND BUILDING THE STREGTH OF THESE COMPANIES AND KEY SECTORS IS THE FOUNDATION OF LONG-TERM ECONOMIC DEVELOPMENT AND IS CENTRAL TO OUR CORE PHILOSOPHY. WE WILL ACCOMPLISH THIS THROUGH TWO PRIMARY INITIATIVES, CAPITAL GROWTH AND SECTOR DEVELOPMENT - INITIATIVE 1: CAPITAL GROWTH 2 REVOLVING LOAN FUND 3 ECONCOMIC DEVELOPMENT DISTRICT EDD AND INITATIVE 2 COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY CEDS - 1 STRATEGY COMMITTEE 2 INPUT SESSIONS AND INVESTORY RECEPTION 3 COMMUNICATIONS


BUILD OUR REGION'S COMPETITIVE ADVANTAGE: WE WILL TARGET RESOURCES TOWARD ENSURING THAT THE MADISON REGION'S POLICYMAKERS AND BUSINESS LEADERS HAVE TIMELY AND RELEVANT INFORMATION FROM WHICH TO BASE THEIR DECISIONS. TO MAINTAIN OUR INTERNATIONAL COMPETITIVENESS. IT IS IMPORTANT TO CREATE THE CONTEXT THROUGH GOOD PUBLIC POLICY FOR LONG-TERM ECONOMIC GROWTH AND THE PRESERVATION OF OUR REGION'S QUALITY OF LIFE - INITIATIVE 3 COMMUNICATIONS - 1 WEBSITE DESIGN 2 MEDIA COVERAGE 3 SPEAKING ENGAGEMENTS


PROMOTE A REGIONAL CULTURE AND BRAND: CONVENE STAKEHOLDERS FROM ACROSS THE MADISON REGION TO MOBILIZE DIALOGUE ON A RANGE OF IMPORTANT FRONTS, CENTRAL TO THIS COLLABORATION HAS BEEN AND WILL CONTINUE TO BE RAISING AWARENESS OF HOW THE SUCCESS OF ONE PART OF OUR REGION CAN TRANSLATE INTO SUCCESS FOR OUR ENTIRE REGION, GOING FORWARD, OUR WORK WILL BUILD ON THIS STRONG FOUNDATION AND CONTINUE TO BUILD BRIDGES BETWEEN AND WITHIN THE PUBLIC AND PRIVATE SECTORS TO EFFECTUATE TANGIBLE CHANGE AND GROWTH - INITIATIVE 4 REGIONAL PROMOTION & COLLABORATION - 1 BUSINESS LINK - SYNCHRONIST ED PRO SUPPORT


EDA SECTOR STRATEGY GRANT, USDA REVOLVING LOAN FUND (RLF) PROGRAM AND MAIN STREET BOUNCE BACK GRANT.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Fields
President
$155,375
Julia Arata-Fratta
Treasurer
$0
Tom Solheim
Secretary
$0
Juli Aulik
Chair
$0
Peter Tan
Vice Chair
$0
Dan Brown
Past Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,945,539
All other contributions, gifts, grants, and similar amounts not included above$311,420
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,256,959
Total Program Service Revenue$105,185
Investment income $160
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 $3,362,304

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Madison Region Economic Partnership Inc has recieved totaling $20,000.

Awarding OrganizationAmount
Meriter Health Services Inc

Madison, WI

PURPOSE: PROGRAM SUPPORT

$20,000
View Grant Recipient Profile

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