Milwaukee Speed Academy FY2023 filing

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Youth track running club keeping youth busy in positive activities

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-3621663) · Dispute this line
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

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $53K a year · 30% of revenue · last 2 filings
A surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$125K
100% of total assets
Liabilities are 100% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$123K
Spent
$123K
To programs
100%
Net assets
$0
By yearFY2023–FY2024
Revenue
$123K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$123K
FY2024$226K
Expenses
$123K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$123K
FY2024$120K
Net assets
$0
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$0
FY2024$0

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2022.

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% · $123K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Kevin Martins’s $4K as President is at the 10th percentile of top reported officer pay among 1017 $100K–1M recreation & sports 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.

See Milwaukee Speed Academy executive salaries →

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

Keeps youth busy in positive activities through track running.

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1 program · $26K · in their own filed words · FY2023
01

To Ensure that young people have a postive outlet througth a track and race program.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-3621663) · Dispute this line
$26Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$123K
Ln 12
Gifts and grantsLn 1h$123K
Money outPt IX
$123K
Ln 25
Programscol B$123K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$125K
LiabilitiesLn 26$125K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$123K
Fundraising eventsLn 1c$70K
Total revenueLn 12$123K
Assets in detailPt X, end of year
Accounts receivableLn 4$125K
Total assetsLn 16$125K
LiabilitiesLn 26$125K
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Total assetsLn 16$125K$125K
LiabilitiesLn 26$125K$125K
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$123K$123K
Total functional expensesLn 25$123K$123K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Mar 2, 2026 $226K$120K$106K$0 990 PDF
FY2023 ViewingFiled with the IRS Sep 6, 2025 $123K$123K$0$0 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $123,419 revenue, 12 lines filed
I-8 Contributions and grants$123,419
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$123,419
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$123,419
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$0
I-18 Total expenses$123,419
I-19 Revenue less expenses$0
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $123,419 across 4 lines filed
VIII-1b Membership dues$53,419
VIII-1c Fundraising events$70,000
VIII-1h Total contributions, gifts and grants$123,419
VIII-12 Total revenue$123,419
Part IX · Statement of functional expenses $123,419 across 1 line filed
IX-4 Benefits paid to or for membersPrograms $123,419$123,419
IX-25 Total functional expensesPrograms $123,419 · Management $0 · Fundraising $0$123,419
Part X · Balance sheet $125,000 assets, 6 lines filed
X-4 Accounts receivableStart of year $125,000$125,000
X-16 Total assetsStart of year $125,000$125,000
X-17 Accounts payable and accrued expensesStart of year $125,000$125,000
X-26 Total liabilitiesStart of year $125,000$125,000
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $125,000$125,000
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$123,419
XI-2 Total expenses$123,419
XI-3 Revenue less expenses$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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