Kelab Inc
- Assets
- $21.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 04/1970
- Data as of
- 12/2021
- EIN
- 39-6053723
Organization Overview
Kelab Inc is located in Madison, WI. The organization was established in 1970. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kelab Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kelab Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE DISTRIBUTIONS TO THE UNIVERSITY OF WISCONSIN, MADISON, WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO THE REGENTS OF THE UNIVERSITY OF WISCONSIN, MADISON, WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas S Nelson Vice President | OfficerTrustee | 0.1 | $0 |
Dale H Peterson Secretary | OfficerTrustee | 0.1 | $0 |
Steven F Skolaski President | OfficerTrustee | 1 | $0 |
David R Ohlinger Treasurer | OfficerTrustee | 0.1 | $0 |
David G Walsh Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $516,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,388,601 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,904,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,250,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,879 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20 |
| Total functional expenses | $1,346,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,359 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,203,592 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,207,951 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $21,002,951 |
| Net assets with donor restrictions | $205,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,207,951 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kelab Inc has recieved totaling $104,209.
| Awarding Organization | Amount |
|---|---|
Temple University-Of The Commonwealth System Of Higher Educ Philadelphia, PA PURPOSE: RESEARCH - SUBCONTRACT | $104,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wayne State University Detroit, MI | $420,994,306 | $23,111,509 |
Maranatha Baptist University Inc Watertown, WI | $23,775,385 | $19,476,702 |
Allen College Waterloo, IA | $31,467,568 | $14,208,836 |
Holy Family College Inc Manitowoc, WI | $6,992,394 | $12,349,410 |
Baker College Flint, MI | $17,867,262 | $11,641,595 |
Western Illinois University Foundation Macomb, IL | $79,070,194 | $7,417,920 |
Spertus Institute For Jewish Learning And Leadership Chicago, IL | $61,494,654 | $7,279,775 |
Southern Illinois University Edwardsville Foundation Edwardsville, IL | $53,902,987 | $8,733,295 |
Vandercook College Of Music Chicago, IL | $10,499,413 | $6,354,157 |
Eastern Illinois University Foundation Charleston, IL | $118,656,033 | $17,377,290 |
University Of Wisconsin Stevens Point Foundation Inc Stevens Point, WI | $75,127,942 | $13,216,092 |
The Northern Michigan University Foundation Marquette, MI | $51,572,158 | $7,666,417 |