philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Visit Madison INC FY2024 filing

Not tax-deductible

Madison, IN501(c)(6)Since 1991EIN 35-1881082Revenue $1.5M in FY2024

On file with the IRSvisitmadison.org601 W 1st St, 47250-3731 · Madison, INTax-exempt since Mar 1994

This page gets seen. Tell your story. Claim this org.

Promote tourism in county & city

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $10K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+39% vs prior year
Spent
$1.4M
To programs
0%
Net assets
$658K
By yearFY2020–FY2025
Revenue
$1.5M
FY2024▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$382K
FY2021$631K
FY2022$940K
FY2023$1.1M
FY2024$1.5M
FY2025$1.3M
Expenses
$1.4M
FY2024▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$445K
FY2021$692K
FY2022$884K
FY2023$1.1M
FY2024$1.4M
FY2025$1.4M
Net assets
$658K
FY2024▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$501K
FY2021$439K
FY2022$495K
FY2023$530K
FY2024$658K
FY2025$502K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Jim Bartlett
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Cory Duff
Director
$0Pt VII · Sec A
Jeff Frazier
President
$0Pt VII · Sec A
Kim Kennard
Director
$0Pt VII · Sec A
Hannah Mahoney
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Visit Madison INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promote tourism in the county and city.

Questions for Visit Madison INC

Tap to ask. Visit Madison INC sees how many people are interested.

Your first name shows with your question. Visit Madison INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · in their own filed words · FY2024
01

Nights Before Christmas Tour of Homes

Tour of historic downtown homes to promote tourism

Pt IX · col B
02

Ribberfest

Festival to promote tourism by having a rib cookoff and blues music

Pt IX · col B
03

Chautauqua

Promotes toursim by having an "art" fair

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$838K
Gifts and grantsLn 1h$673K
Investment incomeLn 3$13K
Money outPt IX
$1.4M
Ln 25
Owns and owesPt X
$658K
net assets · Ln 32
Cash and savingsLn 1–2$581K
Total assetsLn 16$658K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$673K
Government grantsLn 1e$673K
Fees for servicesLn 2g$838K
Investment incomeLn 3$13K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$208K
SavingsLn 2$373K
Cash and savings togetherLn 1–2$581K
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$68K
Total assetsLn 16$658K
LiabilitiesLn 26$0
Net assetsLn 32$658K
OperationsPt I, VI
EmployeesI 523
VolunteersI 6300
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$519K$581K
Land, buildings, equipmentLn 10c$10K$9K
Total assetsLn 16$530K$658K
LiabilitiesLn 26$0$0
Net assetsLn 32$530K$658K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$165K
Other salaries and wagesLn 7$360K
Other employee benefitsLn 9$9K
Payroll taxesLn 10$28K
Accounting feesLn 11c$3K
OccupancyLn 16$5K
Depreciation, depletion and amortizationLn 22$1K
InsuranceLn 23$33K
Other expenses (24a–d)Ln 24$680K
All other expensesLn 24e$110K
Total functional expensesLn 25$1.4M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.4M−$156K$502K 990 PDF
FY2024 Viewing $1.5M$1.4M$129K$658K 990 PDF
FY2023 $1.1M$1.1M$34K$530K 990 PDF
FY2022 $940K$884K$57K$495K 990 PDF
FY2021 $631K$692K−$62K$439K 990 PDF
FY2020 $382K$445K−$63K$501K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,523,572 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $297,450$673,000
I-9 Program service revenuePrior year $703,923$838,063
I-10 Investment incomePrior year $4,271$12,509
I-11 Other revenuePrior year $92,098$0
I-12 Total revenuePrior year $1,097,742$1,523,572
I-13 Grants and similar amounts paid$165,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $360,288$397,277
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $703,223$832,791
I-18 Total expensesPrior year $1,063,511$1,395,068
I-19 Revenue less expensesPrior year $34,231$128,504
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,523,572 across 5 lines filed
Lines not itemized here account for $78,495 of total revenue; see the IRS return.
VIII-1e Government grants$673,000
VIII-1h Total contributions, gifts and grants$673,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $759,568$759,568
VIII-3 Investment incomeExcluded from tax $12,509$12,509
VIII-12 Total revenueRelated to mission $838,063 · Excluded from tax $12,509$1,523,572
Part IX · Statement of functional expenses $1,395,068 across 10 lines filed
IX-1 Grants to domestic organizations$165,000
IX-7 Other salaries and wages$360,113
IX-9 Other employee benefits$9,188
IX-10 Payroll taxes$27,976
IX-11c Accounting fees$3,340
IX-16 Occupancy$4,725
IX-22 Depreciation, depletion and amortization$1,453
IX-23 Insurance$33,019
IX-24 Other expenses (24a–d)$680,085
IX-24e All other expenses$110,169
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,395,068
Part X · Balance sheet $658,023 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $179,214$208,173
X-2 Savings and temporary cash investmentsStart of year $340,144$373,277
X-10c Land, buildings and equipment, netStart of year $10,161$8,708
X-15 Other assets$67,865
X-16 Total assetsStart of year $529,519$658,023
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $529,519$658,023
X-33 Total liabilities and net assetsStart of year $529,519$658,023
Part XI · Reconciliation of net assets $658,023 net assets at year end
XI-1 Total revenue$1,523,572
XI-2 Total expenses$1,395,068
XI-3 Revenue less expenses$128,504
XI-4 Net assets at start of year$529,519
XI-10 Net assets at end of year$658,023

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.