Nonprofit · EIN 35-6071199
MADISON REGATTA INCORPORATED
Tax-exempt · MADISON, IN 47250
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $984,219 | $1,220,820 | -$236,601 | $27,865 | $56,152 | -$28,287 |
| August 31, 2024 | 990 | $950,655 | $934,837 | $15,818 | $210,654 | $661 | $209,993 |
| August 31, 2023 | 990 | $645,511 | $657,919 | -$12,408 | $195,855 | $0 | $195,855 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $984,219
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,955
- Occupancy
- $2,861
- Program services (functional)
- $1,220,820
Balance sheet and other
- Total assets, start of year
- $210,654
- Total assets, end of year
- $27,865
- Total liabilities, end of year
- $56,152
- Net assets, end of year
- -$28,287
- Land, buildings and equipment
- $8,118
- Gross receipts
- $984,219
- Employees
- 0
- Year formed
- 1955
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HANNAH FISHER | SECRETARY Officer | – | $0 |
| KYLE BIPES | PRESIDENT Officer | – | $0 |
| TIM BIPES | VICE PRESIDE Officer | – | $0 |
| KIM MAHONEY | TREASURER Officer | – | $0 |
| JEREMY SACHLEBEN | PIT CHAIRMAN Trustee or director | – | $0 |
| MARK HAMILTON | RACE CHAIR Trustee or director | – | $0 |
| KIM WASHER | FESTIVAL CHA Trustee or director | – | $0 |
| MIKE LICHLYTER | SPONSORSHIP Trustee or director | – | $0 |
| ROGER SNELL | ASST. RACE C Trustee or director | – | $0 |
| BRANDON LEE | DIRECTOR Trustee or director | – | $0 |
| STEVE WOLF | DIRECTOR Trustee or director | – | $0 |
| TOMMY LOWRY | DIRECTOR Trustee or director | – | $0 |
| SNAKE PERRY | DIRECTOR Trustee or director | – | $0 |
| CANDACE GOINS | DIRECTOR Trustee or director | – | $0 |
| MELISSA WOLF | DIRECTOR Trustee or director | – | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN CLINE | TREASURER Officer | – | $0 |
990 for the year ended August 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HANNAH FISHER | SECRETARY Officer | – | $0 |
| KYLE BIPES | VICE PRESIDE Officer | – | $0 |
| TIM BIPES | TREASURER Officer | – | $0 |
| JAK MCCORMICK | PRESIDENT Officer | – | $0 |
| JEREMY SACHLEBEN | PIT CHAIRMAN Trustee or director | – | $0 |
| MARK HAMILTON | RACE CHAIR Trustee or director | – | $0 |
| KIM WASHER | FESTIVAL CHA Trustee or director | – | $0 |
| MIKE LICHLYTER | SPONSORSHIP Trustee or director | – | $0 |
| ROGER SNELL | ASST. RACE C Trustee or director | – | $0 |
| HAROLD PERRY | DIRECTOR Trustee or director | – | $0 |
| LAKEN CRABTREE | DIRECTOR Trustee or director | – | $0 |
| TOMMY LOWRY | DIRECTOR Trustee or director | – | $0 |
| ROBIN CULL | DIRECTOR Trustee or director | – | $0 |
| JOHN KNOEBEL | DIRECTOR Trustee or director | – | $0 |
| TIM LAUK | DIRECTOR Trustee or director | – | $0 |
| MELISSA WOLF | DIRECTOR Trustee or director | – | $0 |
| MIKE HEITZ | DIRECTOR Trustee or director | – | $0 |
990 for the year ended August 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HANNAH FISHER | SECRETARY Trustee or director | – | $0 |
| KYLE BIPES | VICE PRESIDE Officer | – | $0 |
| LAKEN CRABTREE | TREASURER Officer | – | $0 |
| JAK MCCORMICK | PRESIDENT Officer | – | $0 |
| JEREMY SACHLEBEN | PIT CHAIRMAN Trustee or director | – | $0 |
| MARK HAMILTON | RACE CHAIR Trustee or director | – | $0 |
| KIM WASHER | FESTIVAL CHA Trustee or director | – | $0 |
| MIKE LICHLYTER | SPONSORSHIP Trustee or director | – | $0 |
| ROGER SNELL | ASST. RACE C Trustee or director | – | $0 |
| SNAKE PERRY | DIRECTOR Trustee or director | – | $0 |
| MICHAEL HEITZ | DIRECTOR Trustee or director | – | $0 |
| TOMMY LOWRY | DIRECTOR Trustee or director | – | $0 |
| ROBIN CULL | DIRECTOR Trustee or director | – | $0 |
| NATE DAVIS | DIRECTOR Trustee or director | – | $0 |
| TIM BIPES | DIRECTOR Trustee or director | – | $0 |
| JOHN KNOEBEL | DIRECTOR Trustee or director | – | $0 |
| MELISSA WOLF | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 341, MADISON, IN 47250-0341
- Principal officer (990 for 2024)
- KYLE BIPES, PO BOX 341, MADISON, IN 47250
- Signed the 990
- KYLE BIPES, PRESIDENT
- Phone
- (812) 701-5045
- Website
- WWW.MADISONREGATTA.COM
- Return prepared by
- SHERMAN BARBER & MULLIKIN PC
Mission
TO PROVIDE SERVICES RELATED TO THE HYDROPLANE RACE AND FESTIVAL EVENTS
Program accomplishments
- TO PROVIDE SERVICES RELATED TO STAGING HYDROPLANE RACE AND FESTIVAL EVENTS IN MADISON, INExpenses $1,220,820 · revenue $984,219
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 35-6071199
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1936
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $27,865
- Income (IRS master file)
- $984,219
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $984,219 | $1,220,820 | $27,865 | XML |
| 990 | August 2024 | $950,655 | $934,837 | $210,654 | XML |
| 990 | August 2023 | $645,511 | $657,919 | $195,855 | XML |
| 990 | August 2022 | $131,477 | $95,608 | $261,771 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-6071199).
Questions about MADISON REGATTA INCORPORATED
- What is the EIN of MADISON REGATTA INCORPORATED?
- The employer identification number (EIN) of MADISON REGATTA INCORPORATED is 35-6071199.
- Is MADISON REGATTA INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1936.
- Are donations to MADISON REGATTA INCORPORATED tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MADISON REGATTA INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MADISON REGATTA INCORPORATED due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MADISON REGATTA INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of MADISON REGATTA INCORPORATED?
- The 990 for the year ended August 31, 2025 names KYLE BIPES.
- Who are the officers and directors of MADISON REGATTA INCORPORATED?
- The 990 for the year ended August 31, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does MADISON REGATTA INCORPORATED have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $984,219, expenses of $1,220,820 and total assets of $27,865 at year end.
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