Madison Club in Madison, Wisconsin (WI)

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Madison Club
Employer Identification Number (EIN)390443840
Name of OrganizationMadison Club
Address5 E Wilson St, Madison, WI 53703-3421
ActivitiesOther services or benefits to members or employees, Other social activities, Cafeteria, restaurant, snack bar, food services, etc.
SubsectionPleasure, Recreational, or Social Club
Ruling Date05/1942
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period07/2007
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,125,177
Amount of Income$3,783,989
Form 990 Revenue Amount$2,335,186
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Recreational, Pleasure, or Social Club


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Amount of income in 2007: $3,783,989
Madison Club: 

 $3,783,989
Other organizations performing similar types of work: 

 $3,264,933

Assets in 2007: $7,125,177
Madison Club: 

 $7,125,177
Other organizations performing similar types of work: 

 $4,146,183

Expenses in 2006: $2,329,385
This organization: 

 $2,329,385
Other organizations performing similar types of work: 

 $2,756,992

Income to expenses ratio in 2006: 1.0
Madison Club: 

 1.0
Other organizations performing similar types of work: 

 1.1

Number of employees in 2006: 81
This organization: 

 81
Other organizations performing similar types of work: 

 104

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420052006
Total revenue$1,637,138$1,685,632$1,655,891$1,820,645$2,081,781$2,138,977$2,335,186
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0
Contributions to donor advised funds$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0
Membership dues and assessments$1,404,784$1,107,641$993,540$1,018,976$1,146,993$1,127,528$1,165,718
Interest on savings and temporary cash investments$2,847$2$0$0$0$6,570$10,941
Dividends and interest from securities$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-148,180$-679$0$-59$-108$963$-3,885
Gross amount from sales of assets other than inventory$0$0$0$0$0$1,717$0
Less: cost or other basis and sales expenses$148,180$679$0$59$108$754$3,885
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$377,687$578,668$662,351$801,728$934,896$1,003,916$1,162,412
Gross sales of inventory, less returns and allowances$1,480,285$1,599,678$1,718,753$1,988,116$2,261,291$2,328,602$2,607,330
Less: cost of goods sold$1,102,598$1,021,010$1,056,402$1,186,388$1,326,395$1,324,686$1,444,918
Other revenue$0$0$0$0$0$0$0
Total expenses$1,617,383$1,884,856$1,875,174$1,933,406$2,080,995$2,165,028$2,329,385
Program services$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$1,943,779$1,744,555$1,525,272$1,412,511$1,413,297$1,387,246$1,393,047
Excess or (deficit) for the year$19,755$-199,224$-219,283$-112,761$786$-26,051$5,801
Net assets or fund balances at beginning of year$1,924,024$1,943,779$1,744,555$1,525,272$1,412,511$1,413,297$1,387,246
Other changes in net assets or fund balances$0$0$0$0$0$0$0
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,329,385$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$99,450$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$394,657$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$181,880$0$0$0
Payroll taxes$133,279$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$16,385$0$0$0
Legal fees$35$0$0$0
Supplies$143,089$0$0$0
Telephone$13,878$0$0$0
Postage and shipping$14,721$0$0$0
Occupancy$258,372$0$0$0
Equipment rental and maintenance$14,876$0$0$0
Printing and publications$6,402$0$0$0
Travel$3,017$0$0$0
Conferences, conventions, and meetings$22,728$0$0$0
Interest$340,100$0$0$0
Depreciation, depletion, etc.$319,734$0$0$0
Other expenses not covered above$366,782$0$0$0
Balance Sheets
2000200120022003200420052006
Total assets$7,675,782$7,175,553$7,040,604$6,875,014$6,814,568$7,201,894$7,125,177
Cash - non-interest-bearing$178,277$13,310$47,769$34,223$106,799$262,980$177,994
Savings and temporary cash investments$0$0$0$0$0$255,731$145,533
Accounts receivable less allowance for doubtful accounts$265,447$212,201$261,759$263,481$272,703$272,205$327,770
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$57,455$51,331$51,604$66,396$71,572$77,338$89,814
Prepaid expenses and deferred charges$21,902$6,746$4,973$25,054$52,763$20,408$43,017
Investments - publicly-traded securities$0
Investments - other securities$0$35,446$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$6,910,354$6,656,519$6,437,913$6,245,818$6,018,822$6,055,031$6,078,093
Other assets, including program-related investments$242,347$200,000$236,586$240,042$291,909$258,201$262,956
Total liabilities$5,732,003$5,430,998$5,515,332$5,462,503$5,401,271$5,814,648$5,732,130
Accounts payable and accrued expenses$353,868$318,293$270,277$272,364$348,848$425,482$402,968
Grants payable$0$0$0$0$0$0$0
Deferred revenue$49,118$47,114$24,418$79,466$131,998$204,872$238,725
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$5,286,670$5,065,591$5,184,051$5,070,631$4,878,365$5,184,294$5,090,437
Other liabilities$42,347$0$36,586$40,042$42,060$0$0
Total liabilities and net assets/fund balances$7,675,782$7,175,553$7,040,604$6,875,014$6,814,568$7,201,894$7,125,177
Total net assets or fund balances$1,943,779$1,744,555$1,525,272$1,412,511$1,413,297$1,387,246$1,393,047
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420052006
Total revenue$1,637,138$1,685,632$1,655,891$0$0$2,138,977$0
Total revenue, gains, and other support per audited financial statements$1,637,138$1,685,632$1,655,891$0$0$2,138,977$0
Other expenses$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420052006
Total expenses$1,617,383$1,884,856$1,875,174$0$0$2,165,028$0
Total expenses and losses per audited financial statements$1,617,383$1,884,856$1,875,174$0$0$2,165,028$0
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings11
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$93,790
Gross receipts for public use of club facilities$1,729,041
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200681
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$10,941$1,158,527$1,165,718
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$1,165,718
Interest on savings and temporary cash investmentsInvestment activities of section 501(c)(7), (9), or (17) organizations$10,94100$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-3,885$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$0Gross income from an unrelated activity that is regularly carried on but, in light of continuous losses sustained over a number of tax periods, cannot be regarded as being conducted with the motive to make a profit (not a trade or business)$1,162,412$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
1999200020012002200320042005
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Milwaukee Athletic Club758 N Broadway, Milwaukee, WI 53202-3654WI1920-03$8,450,544
2Womans Athletic Club Of Chicago626 N Michigan Ave, Chicago, IL 60611-2807IL1944-10$7,160,394
3Westwood Country Club CoPO BOX 16459, Rocky River, OH 44116-0459OH1940-12$7,053,364
4Woodlands Club39 Woods Rd, Falmouth, ME 04105-1153ME1987-01$6,871,056
5Westmoor Country Club400 S Moorland Rd, Brookfield, WI 53005-4239WI1936-08$6,367,752
6Westchester Hills Golf Club401 Ridgeway, White Plains, NY 10605-4205NY1934-11$6,237,093
7Royal Oaks Country Club8917 Ne Fourth Plain Road, Vancouver, WA 98662-6570WA1949-02$5,941,627
8Blue Mound Golf And Country Club10122 W North Ave, Wauwatosa, WI 53226-2411WI1964-05$4,826,893
9South Fork Country Club IncPO BOX 708, Amagansett, NY 11930-0708NY1961-11$4,650,855
10Oneida Golf & Country ClubPO BOX 10736, Green Bay, WI 54307-0736WI1936-01$4,574,801
11Racine Country Club2801 Northwestern Ave, Mt Pleasant, WI 53404-2247WI1944-10$4,105,009
12Western Racquet Club Inc1800 Highland Dr, Elm Grove, WI 53122-1124WI1963-03$4,033,261
13Smokey Cottages Association2002 Anthony Dr, Schenectady, NY 12303NY1975-05$38,080
14Fort Atkinson Garden Club413 S 4th St E, Fort Atkinson, WI 53538-2311WI2001-07$0
15Toastmasters International1526 Wyldewood Drive, Madison, WI 53704WI1945-05$0
16Toastmasters International1371 River Ridge Rd, River Falls, WI 54022WI1945-05$0
17Toastmasters International4123 W Forest Home Ave, Milwaukee, WI 53215WI1945-05$0
18Toastmasters International, 931264 Blood Sweat & Cheers740 1 2 Albert St, Prescott, WI 54021WI1945-05$0
19Toastmasters International, American Girl Toastmasters Club8400 Fairway Pl, Middleton, WI 53562-2548WI1945-05$0
20United Black Drag Racers Association Of Wisconsin Inc3949 N 23rd St, Milwaukee, WI 53206-1917WI1999-03$0
Number of organizations performing similar types of work
Alaska3
Alabama17
Arkansas11
Arizona47
California229
Colorado25
Connecticut61
District of Columbia21
Delaware15
Florida133
Georgia62
Hawaii9
Iowa26
Idaho6
Illinois116
Indiana39
Kansas20
Kentucky14
Louisiana22
Massachusetts81
Maryland57
Maine14
Michigan75
Minnesota29
Missouri42
Mississippi9
Montana2
North Carolina71
North Dakota5
Nebraska9
New Hampshire8
New Jersey72
New Mexico13
Nevada13
New York148
Ohio84
Oklahoma12
Oregon25
Pennsylvania118
Rhode Island16
South Carolina28
South Dakota3
Tennessee28
Texas122
Utah11
Virginia81
Vermont5
Washington58
Wisconsin30
West Virginia5
Wyoming5
International1
Total2,156

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