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Madison Regatta Incorporated

  • Madison, IN
  • Tax-exempt since Dec. 1936
  • EIN: 35-6071199

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$646k (2023)

Expenses
$658k (2023)

Total Assets
$196k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$645,511
Expenses
$657,919
Net Income
-$12,408
Net Assets
$195,855
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $645,511
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $195,855
Total Liabilities $0
Net Assets $195,855
Compensation
Key Employees and Officers Compensation Related Other
Hannah Fisher (Secretary) $0 $0 $0
Kyle Bipes (Vice Preside) $0 $0 $0
Laken Crabtree (Treasurer) $0 $0 $0
Jak Mccormick (President) $0 $0 $0
Jeremy Sachleben (Pit Chairman) $0 $0 $0
Mark Hamilton (Race Chair) $0 $0 $0
Kim Washer (Festival Cha) $0 $0 $0
Mike Lichlyter (Sponsorship) $0 $0 $0
Roger Snell (Asst. Race C) $0 $0 $0
Snake Perry (Director) $0 $0 $0
Michael Heitz (Director) $0 $0 $0
Tommy Lowry (Director) $0 $0 $0
Robin Cull (Director) $0 $0 $0
Nate Davis (Director) $0 $0 $0
Tim Bipes (Director) $0 $0 $0
John Knoebel (Director) $0 $0 $0
Melissa Wolf (Director) $0 $0 $0
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Document Links

990
Filed on July 3, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$131,477
Expenses
$95,608
Net Income
$35,869
Net Assets
$209,942
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $131,477
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $261,771
Total Liabilities $51,829
Net Assets $209,942
Compensation
Key Employees and Officers Compensation Related Other
Jak Mccormick (President) $0 $0 $0
Kim Washer (Festival Cha) $0 $0 $0
Roger Snell (Assistant Ra) $0 $0 $0
Brent Turner (Roostertail) $0 $0 $0
Michael Heitz (Director) $0 $0 $0
Nate Davis (General Memb) $0 $0 $0
Harold Perry (General Memb) $0 $0 $0
Hannah Fisher (Secretary) $0 $0 $0
Robin Cull (General Memb) $0 $0 $0
Tommy Lowry (Safety Chair) $0 $0 $0
Jeremy Sachleben (Pit Chair) $0 $0 $0
Mark Hamilton (Race Chair) $0 $0 $0
Melissa Waller (Vendor Chair) $0 $0 $0
Kyle Bipes (Vice Preside) $0 $0 $0
Tim Bipes (General Memb) $0 $0 $0
Laken Crabtree (Treasurer) $0 $0 $0
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990
Filed on June 26, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$577,913
Expenses
$433,006
Net Income
$144,907
Net Assets
$174,073
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $577,913
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $225,902
Total Liabilities $51,829
Net Assets $174,073
Compensation
Key Employees and Officers Compensation Related Other
Matt True (Director) $0 $0 $0
Greg Thorpe (President) $0 $0 $0
Cheryl Lyon (Treasurer) $0 $0 $0
Jak Mccormick (Vice Preside) $0 $0 $0
Libby Hoffman (Director) $0 $0 $0
Jason Abbott (Race Chair) $0 $0 $0
Kim Washer (Festival Cha) $0 $0 $0
Mike Lichlyter (Sponsorship) $0 $0 $0
Roger Snell (Race Chair) $0 $0 $0
Beth Campbell (Director) $0 $0 $0
Brent Turner (Director) $0 $0 $0
Kim True (Director) $0 $0 $0
Michael Heitz (Director) $0 $0 $0
Nate Davis (Director) $0 $0 $0
Harold Perry (Director) $0 $0 $0
John Knoebel (Director) $0 $0 $0
Natalie Green (Director) $0 $0 $0
Greg Bentz (Director) $0 $0 $0
Aaron Robinson (Director) $0 $0 $0
Shawn Humes (Director) $0 $0 $0
Mick Barron (Director) $0 $0 $0
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Document Links

990
Filed on Jan. 29, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$83,894
Expenses
$45,111
Net Income
$38,783
Net Assets
$29,166
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $83,894
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $81,019
Total Liabilities $51,853
Net Assets $29,166
Compensation
Key Employees and Officers Compensation Related Other
Matt True (Director) $0 $0 $0
Greg Thorpe (President) $0 $0 $0
Cheryl Lyon (Treasurer) $0 $0 $0
Jak Mccormick (Vice Preside) $0 $0 $0
Libby Hoffman (Director) $0 $0 $0
Jason Abbott (Race Chair) $0 $0 $0
Kim Washer (Festival Cha) $0 $0 $0
Mike Lichlyter (Sponsorship) $0 $0 $0
Roger Snell (Race Chair) $0 $0 $0
Beth Campbell (Director) $0 $0 $0
Brent Turner (Director) $0 $0 $0
Kim True (Director) $0 $0 $0
Michael Heitz (Director) $0 $0 $0
Nate Davis (Director) $0 $0 $0
Harold Perry (Director) $0 $0 $0
John Knoebel (Director) $0 $0 $0
Natalie Green (Director) $0 $0 $0
Greg Bentz (Director) $0 $0 $0
Aaron Robinson (Director) $0 $0 $0
Shawn Humes (Director) $0 $0 $0
Mick Barron (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 17, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$527,539
Expenses
$563,210
Net Income
-$35,671
Net Assets
$12,648
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $527,539
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $63,370
Total Liabilities $50,722
Net Assets $12,648
Compensation
Key Employees and Officers Compensation Related Other
Matt True (President) $0 $0 $0
Curtis Chatham (Vice Preside) $0 $0 $0
Cheryl Lyon (Treasurer) $0 $0 $0
Libby Hoffman (Secretary) $0 $0 $0
Jason Abbott (Race Chair) $0 $0 $0
Kim Washer (Festival Cha) $0 $0 $0
Mike Lichlyter (Sponsorship) $0 $0 $0
Roger Snell (Race Chair) $0 $0 $0
Beth Campbell (Director) $0 $0 $0
Andrew Forrester (Director) $0 $0 $0
Brent Turner (Director) $0 $0 $0
Kim True (Director) $0 $0 $0
Tony Thorne (Vendor Chair) $0 $0 $0
Charlie Grooms (Miss Madison) $0 $0 $0
Tony Steinhardt (Miss Madison) $0 $0 $0
Michael Heitz (Director) $0 $0 $0
Nate Davis (Director) $0 $0 $0
Harold Perry (Director) $0 $0 $0
Joe Voll (Director) $0 $0 $0
John Knoebel (Director) $0 $0 $0
Tawana Thomas (Director) $0 $0 $0
Natalie Green (Director) $0 $0 $0
Greg Bentz (Director) $0 $0 $0
Mick Barron (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 25, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$526,328
Expenses
$494,327
Net Income
$32,001
Net Assets
$48,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $526,327
100.0%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $108,426
Total Liabilities $60,107
Net Assets $48,319
Compensation
Key Employees and Officers Compensation Related Other
Matt True (President) $0 $0 $0
Cheryl Lyon (Treasurer) $0 $0 $0
Kim True (Secretary) $0 $0 $0
Roger Snell (Race Chair) $0 $0 $0
Kim Washer (Festival Cha) $0 $0 $0
Marc Meirley (Sponsorship) $0 $0 $0
Tony Thorne (Vendor Chair) $0 $0 $0
Charlie Grooms (Director) $0 $0 $0
Tony Steinhardt (Director) $0 $0 $0
Curtis Chatham (Director) $0 $0 $0
Mike Lichlyter (Director) $0 $0 $0
Denny Jackson (Director) $0 $0 $0
Brent Turner (Director) $0 $0 $0
Michael Heitz (Director) $0 $0 $0
Nate Davis (Director) $0 $0 $0
Harold Perry (Director) $0 $0 $0
Tommy Lowery (Director) $0 $0 $0
Mary Bates (Director) $0 $0 $0
Beth Campbell (Director) $0 $0 $0
Joe Voll (Director) $0 $0 $0
John Knoebel (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 9, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$327,051
Expenses
$364,452
Net Income
-$37,401
Net Assets
$84,514
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $327,051
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $136,979
Total Liabilities $52,465
Net Assets $84,514
Compensation
Key Employees and Officers Compensation Related Other
Joe Hertz (Past Preside) $0 $0 $0
Dan Cole (President) $0 $0 $0
Jeff Chandler (Treasurer) $0 $0 $0
Dana Adams (Secretary) $0 $0 $0
Kim Washer (Festival Cha) $0 $0 $0
Marc Merrille (Sponsorship) $0 $0 $0
Charlie Grooms (Miss Madison) $0 $0 $0
Crystal Mchargue (Racesite Mgr) $0 $0 $0
Angie Parks (Director) $0 $0 $0
Joe Voll (Director) $0 $0 $0
John Knoebel (Director) $0 $0 $0
Mike Adams (Director) $0 $0 $0
Josh Gourley (Director (No) $0 $0 $0
Buddy Gaw (Director) $0 $0 $0
Mike Stucker (Director) $0 $0 $0
Nate Davis (Director) $0 $0 $0
Harold Perry (Director) $0 $0 $0
Tommy Lawry (Director) $0 $0 $0
Beth Campbell (Director) $0 $0 $0
Ricky Highman (Director) $0 $0 $0
Denny Jackson (Director) $0 $0 $0
Matt True (Vice Preside) $0 $0 $0
Tim Bipes (Director) $0 $0 $0
Pat Brooks (Director (No) $0 $0 $0
Mike Stucker (Director) $0 $0 $0
See filing for compensation of 5 other people →
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990
Filed on Dec. 18, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$275,151
Expenses
$192,631
Net Income
$82,520
Net Assets
$121,915
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $275,151
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $121,915
Total Liabilities $0
Net Assets $121,915
Compensation
Key Employees and Officers Compensation Related Other
Joe Hertz (President) $0 $0 $0
Dan Cole (Vice Preside) $0 $0 $0
Jeff Chandler (Treas & Past) $0 $0 $0
Dana Adams (Secretary) $0 $0 $0
Kim Washer (Festival Cha) $0 $0 $0
Scott Tebbe (Sponsorship) $0 $0 $0
Charlie Grooms (Miss Madison) $0 $0 $0
Fred Farley (Miss Madison) $0 $0 $0
Crystal Mchargue (Director) $0 $0 $0
Angie Parks (Director) $0 $0 $0
Herb Parker (Director (No) $0 $0 $0
Tony Steinhardt (Director (No) $0 $0 $0
Joe Voll (Director) $0 $0 $0
John Knoebel (Director) $0 $0 $0
Mike Adams (Director) $0 $0 $0
Josh Gourley (Director) $0 $0 $0
Buddy Gaw (Asst. Race C) $0 $0 $0
Mike Stucker (Director) $0 $0 $0
Nate Davis (Director) $0 $0 $0
Harold Perry (Director) $0 $0 $0
Tommy Lawry (Director) $0 $0 $0
Beth Campbell (Director) $0 $0 $0
Ricky Highman (Director) $0 $0 $0
+ View more people

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990
Filed on July 12, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$312,457
Expenses
$327,387
Net Income
-$14,930
Net Assets
$39,395
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $312,457
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $101,677
Total Liabilities $62,282
Net Assets $39,395

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$350,268
Expenses
$352,481
Net Income
-$2,213
Net Assets
$54,325
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $350,268
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $95,265
Total Liabilities $40,940
Net Assets $54,325

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$286,805
Expenses
$333,140
Net Income
-$46,335
Net Assets
$56,538
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $286,805
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $56,538
Total Liabilities $0
Net Assets $56,538

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$333,083
Expenses
$373,108
Net Income
-$40,025
Net Assets
$102,873
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $333,083
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $135,827
Total Liabilities $32,954
Net Assets $102,873

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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