2025-06-05T14:53:03-05:00 2024-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2024-01-01 391366837 MADISON FESTIVALS INC MADI 6083452711 756 LOIS DRIVE SUN PRAIRIE WI 53590 SARA KLEMME PRESIDENT 6083452711 2025-06-03 1 0 JASON STEPHENS CPA P01263225 6082744020 2025-05-30 2024 2025-03-06 01:10:19Z SARA KLEMME 756 LOIS DRIVE SUN PRAIRIE WI 53590 1950920 0 X WWW.MADISONFESTIVALS.COM X 1978 WI TO PRODUCE AND DEVELOP EVENTS IN THE GREATER MADISON COMMUNITY THAT ENRICH OUR COMMUNITY BY BRINGING TOGETHER PEOPLE, BUSINESSES, AND CHARITIES. 10 9 2 500 0 0 39195 19984 1059190 1325344 4998 12535 302785 392939 1406168 1750802 0 0 0 0 228458 242908 0 0 15918 1120141 1123701 1348599 1366609 57569 384193 605294 950749 410044 371306 195250 579443 WE ASPIRE TO BRING TOGETHER PEOPLE, BUSINESSES, AND CHARITABLE ORGANIZATIONS THROUGH EVOLVING, BEST-IN-CLASS EVENTS THAT ENRICH OUR COMMUNITY. 0 0 701093 0 403608 TASTE OF MADISON HELD SINCE 1983, THE TASTE OF MADISON IS MADISON FESTIVALS' FLAGSHIP EVENT. MADISON'S END-OF-SUMMER PICNIC WITH OVER 80 RESTAURANTS, TWO ENTERTAINMENT STAGES, AND OVER 25 BEVERAGE STANDS DRAWS OVER 250,000 PEOPLE TO THE CAPITOL SQUARE OVER SATURDAY AND SUNDAY OF LABOR DAY WEEKEND. TASTE OF MADISON HAS RAISED OVER $1.9 MILLION DOLLARS SINCE 1995 FOR LOCAL NON-PROFIT AND CHARITABLE ORGANIZATIONS. 398370 0 921736 MADISON MARATHON THE MADISON MARATHON, HALF MARATHON, AND 10K IS HELD OVER VETERANS DAY WEEKEND IN EARLY NOVEMBER. ALL RACES BEGIN AND FINISH ON CAPITOL SQUARE. AN EXPO IS HELD ON THE FRIDAY AND SATURDAY PRIOR TO SUNDAY'S RACE DAY. THE MADISON MARATHON BENEFITS OVER 30 LOCAL NONPROFITS AND CHARITIES ANNUALLY. 1099463 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X SARA KLEMME 6083452711 756 LOIS DRIVE SUN PRAIRIE WI 53590 SARA KLEMME PRESIDENT 40.00 X X 150276 0 0 ELYSE SMITHBACK CHAIR 1.00 X X 0 0 0 JORDAN BRIGHT VICE-CHAIR 1.00 X X 0 0 0 ASHLEY HEIN SECRETARY 1.00 X X 0 0 0 MARK ANDERSON TREASURER 1.00 X X 0 0 0 ALEX PEIRCE PAST CHAIR 1.00 X 0 0 0 ANDREA MACE DIRECTOR 1.00 X 0 0 0 JAMIE PATRICK DIRECTOR 1.00 X 0 0 0 JANE FITZGERALD DIRECTOR 1.00 X 0 0 0 JON LICA DIRECTOR (THRU FEB) 1.00 X 0 0 0 MICHAEL LUEHRS DIRECTOR (THRU JAN) 1.00 X 0 0 0 LEANN PLOESSL DIRECTOR 1.00 X 0 0 0 150276 0 0 1 0 1 0 0 19984 19984 MADISON MARATHON REVENUE 711300 921736 921736 TASTE OF MADISON REVENUE 711300 403608 403608 1325344 12535 12535 572132 200118 372014 372014 20925 20925 20925 1750802 1325344 0 405474 X 150275 46008 95677 8590 57829 17705 36818 3306 17616 5393 11216 1007 17188 5262 10943 983 90000 73333 16667 27250 27250 207366 207366 96288 89503 6785 141511 132634 8877 1892 628 1264 21875 10200 10581 1094 13128 9957 3171 4136 3929 207 6676 6676 14623 5815 8077 731 EQUIPMENT RENTAL 294917 292595 2322 0 EVENT ENTERTAINMENT 165782 165782 0 0 MEALS 34266 28749 5517 0 SALES TAX 3566 1632 1934 425 225 200 1366609 1099463 251228 15918 25000 25200 501179 866177 48397 16700 24042 42672 13257 13257 6676 0 605294 950749 192592 128595 67192 92257 260 454 150000 150000 410044 371306 X 195250 579443 195250 579443 605294 950749 384193 0 X 0 0 0 X 33349 83657 38718 39195 19984 214903 33349 83657 38718 39195 19984 214903 26930 187973 3075 450 1218 4998 12535 22276 237179 5225408 0.79250 0.74820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 13257 13257 0 0 PART IV, LINE 2B: MADISON FESTIVALS, INC. RECEIVES CONTRIBUTIONS FROM REGISTRANTS WITH THE INTENT TO CONTRIBUTE TO OTHER NONPROFIT ORGANIZATIONS AT THE TIME OF THEIR EVENT REGISTRATION. X 0 0 0 0 0 0 0 0 0 SARA KLEMME PRESIDENT 150276 0 0 0 0 0 0 0 0 0 150276 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 DURING 2024, MFI ENTERED INTO ONE-YEAR EVENT MANAGEMENT AGREEMENTS WITH BIG TOP EVENTS LLC AND RED CARD MEDIA FOR THE 2024 TASTE OF MADISON AND MADISON MARATHON EVENTS THAT ENDED ON DECEMBER 31, 2024. FORM 990, PART VI, SECTION A, LINE 7A ONE DIRECTOR IS NOMINATED BY THE BOARD OF DIRECTORS OF THE GREATER MADISON CONVENTION & VISITORS BUREAU. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S DIRECTORS BEFORE THE RETURN IS FILED WITH THE IRS. THE DISTRIBUTION OF THE RETURN AND THE VOTE TO APPROVE ARE GENERALLY CONDUCTED ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS ARE GIVEN A CONFLICT OF INTEREST STATEMENT TO COMPLETE AND SIGN AT THE FIRST MEETING OF EACH YEAR. IN ADDITION, ALL NEW DIRECTORS COMPLETE THIS STATEMENT WHEN THEY JOIN THE GOVERNING BODY. THE SIGNED STATEMENTS ARE KEPT AT THE ORGANIZATION'S OFFICE. THE MEMBERS OF THE ORGANIZATION'S FINANCE COMMITTEE REVIEW THE STATEMENTS TO DETERMINE INSTANCES OF CONFLICTS OF INTEREST. THE MEMBERS OF THE ORGANIZATION'S EXECUTIVE COMMITTEE REVIEW AND RECOMMEND ISSUES REGARDING CONFLICTS OF INTEREST TO THE GOVERNING BODY FOR DISCUSSION. ANY PERSON WITH A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DISCUSSIONS AND DECISIONS REGARDING THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A A COMMITTEE MADE UP OF INDEPENDENT MEMBERS OF THE GOVERNING BODY REVIEWS COMPENSATION DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT. THE MEMBERS OF THE GOVERNING BODY OTHER THAN THE PRESIDENT APPROVE THE PRESIDENT'S COMPENSATION WITH AN OFFICIAL VOTE. THE DETERMINATION AND APPROVAL OF THE PRESIDENT'S COMPENSATION IS DOCUMENTED IN THE MINUTES OF THE MEETINGS OF THE GOVERNING BODY. THIS PROCESS WAS LAST COMPLETED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE EXTENT APPROPRIATE. FORM 990, PART IX, LINE 11G EVENT LABOR: PROGRAM SERVICE EXPENSES 105,006. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 105,006. SECURITY: PROGRAM SERVICE EXPENSES 102,360. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 102,360.