Nonprofit · EIN 39-1366837
MADISON FESTIVALS INC
Tax-exempt · MADISON, WI 53718
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,861,813 | $1,447,611 | $414,202 | $1,448,297 | $454,652 | $993,645 |
| December 31, 2024 | 990 | $1,750,802 | $1,366,609 | $384,193 | $950,749 | $371,306 | $579,443 |
| December 31, 2023 | 990 | $1,406,168 | $1,348,599 | $57,569 | $605,294 | $410,044 | $195,250 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,791
- Program service revenue
- $1,393,830
- Investment income
- $14,813
- Net income from sales of inventory
- $415,421
- Other revenue
- $447,379
Expenses
- Grants and similar amounts paid
- $19,250
- Compensation of officers, directors and key employees
- $155,261
- Other salaries and wages
- $68,576
- Salaries, compensation and benefits (total)
- $260,394
- Professional fundraising fees
- $0
- Legal fees
- $702
- Accounting fees
- $19,948
- Occupancy
- $23,038
- Travel
- $2,938
- Depreciation
- $1,150
- Program services (functional)
- $1,179,057
- Management and general (functional)
- $251,409
- Fundraising (functional)
- $17,145
Balance sheet and other
- Total assets, start of year
- $950,749
- Total assets, end of year
- $1,448,297
- Total liabilities, end of year
- $454,652
- Net assets, end of year
- $993,645
- Land, buildings and equipment
- $8,701
- Net assets without donor restrictions
- $993,645
- Gross receipts
- $2,047,778
- Employees
- 2
- Volunteers
- 500
- Year formed
- 1978
- State of legal domicile
- WI
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA KLEMME | PRESIDENT Trustee or director, Officer | 40 | $155,261 |
| JORDAN BRIGHT | CHAIR Trustee or director, Officer | 1 | $0 |
| ANDREA MACE | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| ASHLEY HEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARK ANDERSON | TREASURER Trustee or director, Officer | 1 | $0 |
| ELYSE SMITHBACK | PAST CHAIR Trustee or director | 1 | $0 |
| STERLING KNOCHE | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE PATRICK | DIRECTOR Trustee or director | 1 | $0 |
| JANE FITZGERALD | DIRECTOR Trustee or director | 1 | $0 |
| CORINN PLOESSL | DIRECTOR Trustee or director | 1 | $0 |
| ANA CORDOVA | DIRECTOR Trustee or director | 1 | $0 |
| LEANN PLOESSL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA KLEMME | PRESIDENT Trustee or director, Officer | 40 | $150,276 |
| ELYSE SMITHBACK | CHAIR Trustee or director, Officer | 1 | $0 |
| JORDAN BRIGHT | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| ASHLEY HEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARK ANDERSON | TREASURER Trustee or director, Officer | 1 | $0 |
| ALEX PEIRCE | PAST CHAIR Trustee or director | 1 | $0 |
| ANDREA MACE | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE PATRICK | DIRECTOR Trustee or director | 1 | $0 |
| JANE FITZGERALD | DIRECTOR Trustee or director | 1 | $0 |
| JON LICA | DIRECTOR (THRU FEB) Trustee or director | 1 | $0 |
| MICHAEL LUEHRS | DIRECTOR (THRU JAN) Trustee or director | 1 | $0 |
| LEANN PLOESSL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA KLEMME | PRESIDENT Trustee or director, Officer | 40 | $128,461 |
| ELYSE SMITHBACK | CHAIR Trustee or director, Officer | 1 | $0 |
| JORDAN BRIGHT | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| ASHLEY HEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARK ANDERSON | TREASURER Trustee or director, Officer | 1 | $0 |
| ALEX PEIRCE | PAST CHAIR Trustee or director | 1 | $0 |
| ANDREA MACE | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE PATRICK | DIRECTOR Trustee or director | 1 | $0 |
| JANE FITZGERALD | DIRECTOR Trustee or director | 1 | $0 |
| JOHN WALSH | DIRECTOR Trustee or director | 1 | $0 |
| JON LICA | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL LUEHRS | DIRECTOR Trustee or director | 1 | $0 |
| LEANN PLOESSL | DIRECTOR (BEGAN JAN) Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5821 FEMRITE DR STE B, MADISON, WI 53718-6836
- Principal officer (990 for 2025)
- SARA KLEMME, 5821 FEMRITE DRIVE B, MADISON, WI 53718
- Signed the 990
- SARA KLEMME, PRESIDENT
- Phone
- (608) 609-5354
- Website
- MADISONFESTIVALS.COM
- Return prepared by
- WEGNER CPAS LLP
Mission
WE ASPIRE TO BRING TOGETHER PEOPLE, BUSINESSES, AND CHARITABLE ORGANIZATIONS THROUGH EVOLVING, BEST-IN-CLASS EVENTS THAT ENRICH OUR COMMUNITY.
Program accomplishments
- TASTE OF MADISON: HELD SINCE 1983, THE TASTE OF MADISON IS MADISON FESTIVALS' FLAGSHIP EVENT. MADISON'S END-OF-SUMMER PICNIC WITH OVER 75 RESTAURANTS, THREE 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 $1.0 MILLION DOLLARS SINCE 1995 FOR LOCAL NON-PROFIT AND CHARITABLE ORGANIZATIONS.Expenses $611,827 · revenue $333,063
- MADISON MARATHON: THE MADISON MARATHON AND HALF MARATHON 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 40 LOCAL NONPROFITS AND CHARITIES ANNUALLY.Expenses $567,230 · grants $19,250 · revenue $1,060,767
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1366837
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N52)
- Assets (IRS master file)
- $1,448,297
- Income (IRS master file)
- $2,047,778
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,861,813 | $1,447,611 | $1,448,297 | XML |
| 990 | December 2024 | $1,750,802 | $1,366,609 | $950,749 | XML |
| 990 | December 2023 | $1,406,168 | $1,348,599 | $605,294 | XML |
| 990 | December 2022 | $1,364,433 | $1,638,569 | $499,758 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 39-1366837).
Questions about MADISON FESTIVALS INC
- What is the EIN of MADISON FESTIVALS INC?
- The employer identification number (EIN) of MADISON FESTIVALS INC is 39-1366837.
- Is MADISON FESTIVALS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to MADISON FESTIVALS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON FESTIVALS INC 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 FESTIVALS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MADISON FESTIVALS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MADISON FESTIVALS INC?
- The 990 for the year ended December 31, 2025 names SARA KLEMME.
- Who are the officers and directors of MADISON FESTIVALS INC?
- The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $155,261 (SARA KLEMME, PRESIDENT).
- How much revenue does MADISON FESTIVALS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,861,813, expenses of $1,447,611 and total assets of $1,448,297 at year end.
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All nonprofits in MADISON · Wisconsin · Recreation and sports