Madison Circus Space INC FY2020 filing

Tax-deductible

Madison, WI501(c)(3)Since 2013Recreation & SportsEIN 46-1901160Revenue $242K in FY2020

On file with the IRS2082 Winnebago St, 53704-5317 · Madison, WITax-exempt since Sep 2014Publicly supported — 509(a)(2)

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Celebrate, promote, nurture the development of Circus and movement arts in the Madison, WI area

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 surplus $32K a year · 14% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$242K
Spent
$157K
To programs
100%
Net assets
$444K
By yearFY2020–FY2025
Revenue
$242K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$242K
FY2021$125K
FY2022$262K
FY2023$236K
FY2024$218K
FY2025$333K
Expenses
$157K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$157K
FY2021$171K
FY2022$186K
FY2023$248K
FY2024$232K
FY2025$229K
Net assets
$444K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$444K
FY2021$398K
FY2022$474K
FY2023$462K
FY2024$448K
FY2025$552K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Sep 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $157K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Madison Circus Space INC executive salaries →

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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 15aNo

Programs and updates

Promotes and nurtures circus and movement arts in Madison, Wisconsin.

Questions for Madison Circus Space INC

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Provided by the organization

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1 program · $157K · in their own filed words · FY2020
01

Provide space for circus performers to practice art of being a circus performer.

$157Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$242K
Ln 12
Gifts and grantsLn 1h$193K
Fees for servicesLn 2g$46K
Investment incomeLn 3$3K
Money outPt IX
$157K
Ln 25
Programscol B$157K
Owns and owesPt X
$444K
net assets · Ln 32
Cash and savingsLn 1–2$175K
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$193K
Fees for servicesLn 2g$46K
Investment incomeLn 3$3K
Gains on assetsLn 7$3K
Total revenueLn 12$242K
Assets in detailPt X, end of year
CashLn 1$171K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$175K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$0
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.4M
Net assetsLn 32$444K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6100
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 FY20End FY20
Cash and savingsLn 1–2$142K$175K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$924K$1.7M
Total assetsLn 16$1.1M$1.9M
LiabilitiesLn 26$843K$1.4M
Net assetsLn 32$223K$444K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$600$600
Office expensesLn 13$2K$2K
Information technologyLn 14$3K$3K
RoyaltiesLn 15$0
OccupancyLn 16$11K$11K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$48K$48K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$49K$49K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$20K$20K
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$157K$157K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $333K$229K$104K$552K 990 PDF
FY2024 $218K$232K−$14K$448K 990 PDF
FY2023 $236K$248K−$12K$462K 990 PDF
FY2022 $262K$186K$76K$474K 990 PDF
FY2021 $125K$171K−$45K$398K 990 PDF
FY2020 Viewing $242K$157K$86K$444K 990 PDF

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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 FY2020 990 (6 parts)
Part I · Summary $242,453 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $191,512$193,274
I-9 Program service revenuePrior year $36,650$46,296
I-10 Investment incomePrior year $45,613$2,883
I-11 Other revenue$0
I-12 Total revenuePrior year $273,775$242,453
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $157,366$156,844
I-18 Total expensesPrior year $157,366$156,844
I-19 Revenue less expensesPrior year $116,409$85,609
Part VI · Governance 0 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $242,453 across 9 lines filed
VIII-1f All other contributions, gifts and grants$193,274
VIII-1h Total contributions, gifts and grants$193,274
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,296$46,296
VIII-3 Investment incomeRelated to mission $1$1
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,882$2,882
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $46,297 · Excluded from tax $2,882$242,453
Part IX · Statement of functional expenses $156,844 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $2,397$2,397
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $600$600
IX-13 Office expensesPrograms $2,059$2,059
IX-14 Information technologyPrograms $3,424$3,424
IX-15 Royalties$0
IX-16 OccupancyPrograms $10,909$10,909
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $47,579$47,579
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $48,705$48,705
IX-23 InsurancePrograms $10,744$10,744
IX-24 Other expenses (24a–d)Programs $20,054$20,054
IX-24e All other expensesPrograms $10,373$10,373
IX-25 Total functional expensesPrograms $156,844 · Management $0 · Fundraising $0$156,844
Part X · Balance sheet $1,857,285 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $141,690$171,329
X-2 Savings and temporary cash investments$3,777
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $923,827$1,682,179
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,065,517$1,857,285
X-25 Other liabilities$2,500
X-26 Total liabilitiesStart of year $842,855$1,413,594
X-27 Net assets without donor restrictionsStart of year $222,662$443,691
X-32 Total net assets or fund balancesStart of year $222,662$443,691
X-33 Total liabilities and net assetsStart of year $1,065,517$1,857,285
Part XI · Reconciliation of net assets $443,691 net assets at year end
XI-1 Total revenue$242,453
XI-2 Total expenses$156,844
XI-3 Revenue less expenses$85,609
XI-4 Net assets at start of year$222,662
XI-5 Net unrealized gains (losses) on investments$895
XI-8 Prior period adjustments$134,525
XI-10 Net assets at end of year$443,691

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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