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Fsc of Madison Inc

EIN 80-0932972 · Madison, WI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood81 out of 100GovernanceGood82 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE PRINCIPAL PURPOSE OF THE CLUB IS TO FOSTER EDUCATION OF FIGURE SKATING ON ICE IN ALL ITS FORMS, FOR THE BENEFIT OF YOUTH, TO FOSTER NATIONAL AND INTERNATIONAL COMPETITION AND TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY

Income
$315,367
Spending
$303,906
Spent on programs
99%
Reserves
4.7 months of spending
Largest source of income
fees for its services, 99%
Employees
0
Volunteers
209

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 81 out of 100. Higher than 55% of charities in its peer group (recreation and sports, $250k to $1m).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.7 months of spending.

  • Debt

    16 of 20

    It owes 26% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 4% of income.

  • Income trend

    15 of 15

    Income rose 74% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 82 out of 100. Higher than 84% of charities in its peer group (recreation and sports, $250k to $1m).

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $140,753 spent. PURCHASE OF ICE FACILITY TIME FROM MADISON ICE, INC. FOR FIGURE SKATERS (MEMBERS AND NON MEMBERS) AND SALE OF THAT PURCHASED ICE TO THE USER GROUP. MADISON ICE, INC. REQUIRES PURCHASE MONTHLY IN LUMP SUMS. WE PURCHASE AS A GROUP AND SELL BACK INDIVIDUALLY SO THAT SKATERS CAN AFFORD THE PURCHASE OF ICE AT SINGLE SKATER HOURLY RATE.
  2. $90,542 spent. ANNUAL FIGURE SKATING COMPETITIONS HOSTED BY OUR CLUB FOR SKATERS FROM OTHER CLUBS AS WELL AS OUR OWN.
  3. $27,928 spent. ANNUAL RECITAL FOR MEMBERS AND NON MEMBERS WHO ARE PART OF THE MADISON ICE, INC. LEARN TO SKATE GROUP
  4. $14,429 spent. USFS TESTS, BOTH IN PERSON AND VIRTUAL FOR THE BENEFIT OF YOUTH, TO FOSTER NATIONAL AND INTERNATIONAL COMPETITION AND TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY
  5. $25,930 spent. FOR THE BENEFIT OF YOUTH, TO FOSTER NATIONAL AND INTERNATIONAL COMPETITION AND TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on November 15, 2010 for not filing returns for three years, and reinstated on November 15, 2010.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2014.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.