Overview
What is Madison Ice Inc?
Madison Ice Inc, based in Madison, Wisconsin, is a nonprofit organization that offers ice skating facilities to individuals and organizations. Their mission involves providing organized activities for youth, disabled individuals, and adults, with an average of 160 hours per week from September to April, and 70 hours per week from April to August. This nonprofit entity employs 66 individuals, ensuring that their services are available and well-maintained. The facilities cater to various groups, providing a space for enjoyment, learning, and community engagement in ice skating activities.
Official website here: www.madisoniceinc.com
What are the reviews and ratings of this charity?
76% - Three-Star out of Four Star Rating
Madison Ice Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in the area of Accountability & Finance. The rating indicates that the organization maintains a strong level of transparency and governance, with an entirely independent board of members and well-documented policies in place, including a conflict of interest policy and a whistleblower policy.
The organization demonstrates excellent financial efficiency, as evidenced by its high program expense ratio of 98.87%, meaning that nearly all its expenditures are directed toward its mission-related programs. The absence of material asset diversion further reinforces the organization's commitment to financial integrity and responsible management.
However, there is a noted concern regarding the liabilities to assets ratio, which stands at 57.11%. While this is relatively manageable, it suggests that the organization has a significant level of liabilities compared to its assets, which may impact its financial stability in the long term. Overall, Madison Ice Inc shows a commendable commitment to accountability and effective program execution, although attention to financial leverage may be warranted.
This AI summary has been generated from information found on Charity Navigator.
Is Madison Ice Inc legitimate?
Madison Ice Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Ice Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $320,320
For more financial information, click here
Official website here: www.madisoniceinc.com
What is the mission statement of Madison Ice Inc?
Madison Ice Inc's mission is centered around providing ice skating facilities for individuals and organizations. They offer organized activities for various age groups, including youth, disabled individuals, and adults. The organization's primary goal is to make ice skating accessible to a wide range of people. They operate with an average of 160 hours per week from September to April, and 70 hours per week from April to August, providing both structured and unstructured activities.
Official website here: www.madisoniceinc.com
Who is the CEO of Madison Ice Inc?
Dan O' Connell is the Director of Madison Ice Inc.
Official website here: www.madisoniceinc.com
What is the revenue of Madison Ice Inc?
Madison Ice Inc's revenue in 2022 was $1,229,246.
Official website here: www.madisoniceinc.com
Who are the executives of Madison Ice Inc and what are their salaries?
The average compensation at Madison Ice Inc during 2022 was $4,853. There are 66 employees at Madison Ice Inc.
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Official website here: www.madisoniceinc.com
Where can I find the form 990 for Madison Ice Inc?
Madison Ice Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madisoniceinc.com
Learn more at the official website: www.madisoniceinc.com
Mission Statement of Madison Ice Inc
Madison Ice Inc, as a mission-driven organization, is committed to providing ice skating facilities for individuals and organizations. It offers a variety of activities, catering to the needs of youth, disabled individuals, and adults. These activities are organized and unorganized, ensuring there's something for everyone. The organization operates on average for 160 hours a week from September to April, and 70 hours a week from April to August. This consistent schedule allows individuals to enjoy ice skating throughout the year, providing a fun and engaging activity for all.
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Impact
August, 2024
Madison Ice Inc's impact lies in providing a vital space for community engagement and physical activity through its ice skating facilities. By offering both organized and unorganized activities to a diverse range of individuals and organizations, including youth, disabled individuals, and adults, Madison Ice Inc contributes to the social, physical, and mental well-being of its participants. With activities occurring for an average of 160 hours per week from September to April and 70 hours per week from April to August, the organization plays a significant role in promoting active lifestyles and fostering a sense of community in Madison, WI.
This information is meant to be a general summary of Madison Ice Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $689
- Program Service Revenue: $1,060,685
- Gross Receipts: $1,229,246
Assets and Liabilities:
- Total Assets: $3,210,061
- Total Liabilities: $1,769,821
- Net Assets: $1,440,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ICE FEES
Revenue
$675,060
ICE PROGRAMS
Revenue
$366,497
TOURNAMENT REVENUE
Revenue
$19,128
Organization Details
Founding Year
2004
Principal Officer
Dan O' Connell
Main Address
725 FORWARD DR, MADISON, WI, 53711
Website
www.madisoniceinc.comNTEE Category
Code: N302 - Recreation
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