Climb Usa Inc
- Assets
- $192.6k
- Revenue
- $345.6k
- Investments
- $0.0
- Employees
- 12
- Location
- Madison, WI
- Founding
- Data as of
- 12/2023
- EIN
- 86-1598626
Organization Overview
Climb Usa Inc is located in Madison, WI. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 12/2023, Climb USA Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Climb USA 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, Climb USA Inc generated $345.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $472.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLIMB'S MISSION IS TO HELP TEENS AND YOUNG ADULTS IMPROVE THEIR FINANCIAL CAPABILITY THROUGH EDUCATION AND CAPITAL MARKET ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIMB USA HOSTED MULTI-REGIONAL STOCK MARKET EXPERIENCE WHICH WAS A PERFECT COMBINATION OF FUN, NETWORKING, FRIENDLY COMPETITION AND LEARNING TO BUILD WEALTH! THE SME IS A SIMULATION INVESTMENT GAME DESIGNED FOR MIDDLE & HIGH SCHOOL STUDENTS, AS WELL AS ADULTS.
CLIMB COMMUNITY BASED INVESTMENT ENTERPRISES PROVIDED REAL-TIME EDUCATIONAL EXPERIENCES IN LEARNING THE BASICS OF INVESTING AND BUILDING WEALTH THROUGH A STOCK PORTFOLIO.
THE CLIMB YOUTH LEADERSHIP PROGRAM IS A SPECIAL (VIRTUAL) SPACE FOR AMBITIOUS YOUTH TO LEARN AND DEVELOP "THE ECONOMIC WAY OF THINKING AND LIVING". THE VIRTUAL SESSIONS ADDRESS VARIOUS FINANCIAL AND HUMAN DEVELOPMENT TOPICS THAT ARE INTERESTING AND RELEVANT FOR TODAY'S TEENS AND YOUNG ADULTS. EACH PARTICIPANT IS ALSO GUIDED THROUGH THE PROCESS OF SELECTING A SPECIAL TOPIC OF INTEREST TO RESEARCH AND PREPARE AS A PRESENTATION FOR THEIR CAPSTONE IN MAY OF EACH YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Schug Vice Chair | OfficerTrustee | 1 | $0 |
Salli Martyniak Treasurer | OfficerTrustee | 1 | $0 |
Anthony Cobb Chair | OfficerTrustee | 1 | $0 |
Jeremy Tardy Secretary | OfficerTrustee | 1 | $0 |
Carla Cross Director | Trustee | 1 | $0 |
Jamar Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $700 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,434 |
| Total Program Service Revenue | $1,500 |
| Investment income | $1,937 |
| 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 | $345,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,189 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,000 |
| Compensation of current officers, directors, key employees. | $26,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,500 |
| Fees for services: Accounting | $19,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,342 |
| Advertising and promotion | $7,167 |
| Office expenses | $24,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,721 |
| Travel | $14,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,546 |
| All other expenses | $0 |
| Total functional expenses | $472,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,595 |
| Savings and temporary cash investments | $128,150 |
| Pledges and grants receivable | $10,000 |
| 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 | $1,604 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $192,599 |
| Accounts payable and accrued expenses | $15,932 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,932 |
| Net assets without donor restrictions | $171,753 |
| Net assets with donor restrictions | $4,914 |
| 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 | $192,599 |