Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
21 people listed on the 990; $92K paid to officers and key staff.
Scott Mosley’s $125K as Chief Executive Officer is at the 33rd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Scott Mosley | $125,000 | $100,000 | $7,692 | — | — |
| Nora Roughen-Schmidt | — | — | $41,538 | $92,308 | $40,314 |
| Chandra Miller Fienen | — | — | — | — | $43,473 |
| Karen Crossley | — | — | $13,891 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides Madison entrepreneurs with a collaborative workspace, networking opportunities, and support programs to help them launch and grow their businesses.
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Launching more than 40 programs for entrepreneurs, both live and virtual via a podcast, in 2021. Graduated 15 social impact cohort non-profit entrepreneurs from a comprehensive program for entrepreneurship. Established entrepreneurs and artists in residence available by appointment for meetings.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $754K | $1.1M |
| InvestmentsLn 11–13 | $24K | $24K |
| Land, buildings, equipmentLn 10c | $3.0M | $2.6M |
| Total assetsLn 16 | $4.2M | $3.8M |
| LiabilitiesLn 26 | $1.3M | $1.4M |
| Net assetsLn 32 | $3.0M | $2.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $92K | $69K | $12K | $12K |
| Other salaries and wagesLn 7 | $118K | $89K | $15K | $15K |
| Other employee benefitsLn 9 | $21K | $16K | $3K | $3K |
| Payroll taxesLn 10 | $20K | $15K | $2K | $2K |
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $46K | $46K | ||
| Other fees for servicesLn 11g | $16K | $16K | ||
| Advertising and promotionLn 12 | $550 | $550 | ||
| Office expensesLn 13 | $37K | $37K | ||
| Information technologyLn 14 | $15K | $15K | ||
| OccupancyLn 16 | $482K | $409K | $48K | $24K |
| TravelLn 17 | $564 | $564 | ||
| InterestLn 20 | $45K | $45K | ||
| Depreciation, depletion and amortizationLn 22 | $446K | $446K | ||
| InsuranceLn 23 | $21K | $21K | ||
| Other expenses (24a–d)Ln 24 | $4K | $4K | ||
| Total functional expensesLn 25 | $1.4M | $1.2M | $127K | $56K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.1M | $1.7M | −$653K | $723K | 990 PDF |
| FY2023 | $1.1M | $1.6M | −$471K | $1.4M | 990 PDF |
| FY2022 | $742K | $1.3M | −$579K | $1.8M | 990 PDF |
| FY2021 Viewing | $1.1M | $1.4M | −$298K | $2.5M | 990 PDF |
| FY2020 | $1.4M | $1.4M | $29K | $3.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $962,585 across 6 lines filed
Part IX · Statement of functional expenses $1,365,750 across 16 lines filed
Part X · Balance sheet $3,788,993 assets, 15 lines filed
Part XI · Reconciliation of net assets $2,404,358 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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