Muskies Inc
- Assets
- $336.4k
- Revenue
- $277.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Waukesha, WI
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 41-6056119
Organization Overview
Muskies Inc is located in Waukesha, WI. The organization was established in 2014. According to its NTEE Classification (D33) the organization is classified as: Fisheries Resources, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muskies 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 12/2020, Muskies Inc generated $277.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $241.1k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE IMPROVEMENT OF THE AMATEUR SPORT OF MUSKIE FISHING AND TO UNITE ALL MUSKIE-FISHING INTERESTS FOR THE PROMOTION AND PROTECTION OF A HIGH QUALITY MUSKELLUNGE SPORT FISHERY IN THE UNITED STATES AND CANADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES RELATED TO PROMOTING THE MISSION OF MUSKIES, INC INCLUDING EDUCATION SCHOLARSHIPS, AND YOUTH ACTIVITIES WITH A MAJOR EMPHASIS ON TEACHING CHILDREN ABOUT ENVIRONMENTAL SCIENCES THROUGH THE SPORT OF MUSKIE FISHING. THE GIL HAMM FUND IS A PREMANENTLY RESTRICTED FUND FOR RESEARCH PROJECTS THAT HAS A BASE AMOUNT OF $100,000. THE INTEREST EARNED IS AVAILABLE TO CHAPTERS FOR RESEARCH PROJECTS THAT BENEFIT FISHERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Miller VP Finance/treasurer | OfficerTrustee | 1 | $0 |
Jim Moore VP Fisheries & Research | OfficerTrustee | 1 | $0 |
Carl Phillips Past President | OfficerTrustee | 1 | $0 |
Jeff Micholic VP Internal Affairs | OfficerTrustee | 1 | $0 |
Lila Warren VP Youth Activities | OfficerTrustee | 1 | $0 |
Steve Worrall VP Communications & Mktg | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $191,691 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,919 |
| Total Program Service Revenue | $7,850 |
| Investment income | $430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,216 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,500 |
| 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 | $27,282 |
| Fees for services: Accounting | $38,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,970 |
| Advertising and promotion | $1,900 |
| Office expenses | $3,537 |
| Information technology | $2,069 |
| 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 | $16,200 |
| All other expenses | $10,624 |
| Total functional expenses | $241,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,949 |
| Savings and temporary cash investments | $79,313 |
| 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 | $4,015 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205,167 |
| Total assets | $336,444 |
| Accounts payable and accrued expenses | $20,213 |
| Grants payable | $0 |
| Deferred revenue | $57,933 |
| 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 | $78,146 |
| Net assets without donor restrictions | $80,783 |
| Net assets with donor restrictions | $177,515 |
| 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 | $336,444 |
Grants Awarded
Over the last fiscal year, Muskies Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Morgantown, WV PURPOSE: CATCH AND RELEASE STUDY | $10,000 |
MUSKIES INC (HAYWARD LAKES CHAPTER 13) PURPOSE: DONATION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Muskies Inc has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Delaware Community Foundation Wilmington, DE PURPOSE: UNRESTRICTED SUPPORT. | $8,500 |
Endowment Analysis
| Beg. Balance | $205,168 |
| Earnings | $25,362 |
| Net Contributions | $3,678 |
| Ending Balance | $234,208 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great Lakes Fishery Commission Ann Arbor, MI | $59,405,138 | $63,473,145 |
Trout Unlimited Bay City, MI | $892,702 | $378,061 |
Muskies Inc Waukesha, WI | $336,444 | $277,472 |
Lake Superior Steel Head Association Inc Duluth, MN | $145,942 | $131,411 |
Walleye For Tomorrow Fond du Lac, WI | $1,662,988 | $204,306 |
Charlevoix Trout Tournament Charlevoix, MI | $36,251 | $0 |
Fisheries Conservation Foundation Inc Champaign, IL | $57,518 | $17,200 |
Trout Unlimited Auburn Hills, MI | $17,111 | $0 |
Arlington Anglers Fishing Club Inc Arlington Heights, IL | $3,747 | $6,060 |
Salmon Unlimited Conservation & Charitable Trust Bartlett, IL | $7,529 | $14,322 |