Nonprofit · EIN 83-2870712
MADISON LAKEWAY PARTNERS INC
Tax-exempt (reinstated) · MADISON, WI 53715
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $336,755 | $254,967 | $81,788 | $202,533 | $1,905 | $200,628 |
| December 31, 2024 | 990-EZ | $184,025 | $128,039 | $55,986 | $119,101 | $261 | $118,840 |
| December 31, 2023 | 990-EZ | $47,652 | $118,548 | -$70,896 | $62,854 | $10,000 | $52,854 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $334,318
- Program service revenue
- $0
- Investment income
- $2,292
- Net income from sales of inventory
- $145
- Other revenue
- $145
Expenses
- Grants and similar amounts paid
- $1,975
- Compensation of officers, directors and key employees
- $122,170
- Salaries, compensation and benefits (total)
- $137,090
- Professional fundraising fees
- $45,000
- Accounting fees
- $13,975
- Travel
- $137
- Program services (functional)
- $24,899
- Management and general (functional)
- $97,907
- Fundraising (functional)
- $132,161
Balance sheet and other
- Total assets, start of year
- $119,101
- Total assets, end of year
- $202,533
- Total liabilities, end of year
- $1,905
- Net assets, end of year
- $200,628
- Net assets without donor restrictions
- $200,628
- Gross unrelated business income
- $145
- Gross receipts
- $336,961
- Employees
- 1
- Volunteers
- 48
- Year formed
- 2018
- 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 |
|---|---|---|---|
| Jayme Powers | CEO Officer | 40 | $122,170 |
| Claire Schaefer Oleksiak | President Trustee or director, Officer | 3 | $0 |
| Dan Kennelly | Vice President Trustee or director, Officer | 1 | $0 |
| Allen Arntsen | Secretary Trustee or director, Officer | 3 | $0 |
| James Bradley | Treasurer Trustee or director, Officer | 3 | $0 |
| Tim Anderson | Director Trustee or director | 1 | $0 |
| Brenda Baker | Director Trustee or director | 1 | $0 |
| Sheri Carter | Director Trustee or director | 1 | $0 |
| Pam Christenson | Director Trustee or director | 1 | $0 |
| Susan Detering | Director Trustee or director | 2 | $0 |
| Alan Fish | Director Trustee or director | 1 | $0 |
| Doug Hursh | Director Trustee or director | 1 | $0 |
| Jason Ilstrup | Director Trustee or director | 1 | $0 |
| Jamie Patrick | Director Trustee or director | 1 | $0 |
| Carol Richard | Director Trustee or director | 3 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Richardson | Director Trustee or director | 1 | $0 |
| Raj Shukla | Director Trustee or director | 1 | $0 |
| Michelle Szabrowicz | Director Trustee or director | 1 | $0 |
| Elizabeth Zona | Director Trustee or director | 1 | $0 |
| Sarah Neujahr | President Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jayme Powers | CEO | 40 | $21,338 | $508 |
| Sarah Neujahr | President | 3 | $0 | – |
| Claire Schaefer Oleksiak | Vice President | 1 | $0 | – |
| Allen Arntsen | Secretary | 3 | $0 | – |
| James Bradley | Treasurer | 3 | $0 | – |
| Tim Anderson | Director | 1 | $0 | – |
| Deb Archer | Director | 1 | $0 | – |
| Brenda Baker | Director | 1 | $0 | – |
| Sheri Carter | Director | 1 | $0 | – |
| Pam Christenson | Director | 1 | $0 | – |
| Susan Detering | Director | 2 | $0 | – |
| Alan Fish | Director | 1 | $0 | – |
| Jason Ilstrup | Director | 1 | $0 | – |
| Dan Kennelly | Director | 1 | $0 | – |
| Tyler Leeper | Director | 1 | $0 | – |
| Jamie Patrick | Director | 1 | $0 | – |
| Carol Richard | Director | 3 | $0 | – |
| Raj Shukla | Director | 1 | $0 | – |
990-EZ for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH NEUJAHR | PRESIDENT | 3 | $0 |
| JAMES BRADLEY | TREASURER | 3 | $0 |
| ALLEN ARNTSEN | SECRETARY | 3 | $0 |
| CLAIRE OLEKSIAK | VICE PRESIDE | 1 | $0 |
| TIM ANDERSON | DIRECTOR | 1 | $0 |
| DEB ARCHER | DIRECTOR | 1 | $0 |
| BRENDA BAKER | DIRECTOR | 1 | $0 |
| PAM CHRISTENSON | DIRECTOR | 1 | $0 |
| SUSAN DETERING | DIRECTOR | 2 | $0 |
| JASON ILSTRUP | DIRECTOR | 1 | $0 |
| TYLER LEEPER | DIRECTOR | 1 | $0 |
| CAROL RICHARD | DIRECTOR | 3 | $0 |
| RAJ SHUKLA | DIRECTOR | 1 | $0 |
| MARY LANG SOLLINGER | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 330 E LAKESIDE ST, MADISON, WI 53715-2074
- In care of
- % DAVID V MOLLENHOFF
- Mailing address (990-N for 2022)
- 122 West Washington Avenue Ste 250, Madison WI 53703
- Principal officer (990 for 2025)
- Jayme Powers, 330 E Lakeside Street, Madison, WI 53715
- Principal officer (990-N for 2022)
- Jason Ilstrup, 122 West Washington Avenue Ste 250, Madison WI 53703
- Signed the 990
- Jayme Powers, CEO
- Phone
- (608) 261-4282
- Website
- www.lakemononawaterfront.org
- Return prepared by
- Alliere CPA LLC
Mission
Madison LakeWay Partners is a private 501(c)(3) organization partnering with the City of Madison to leverage philanthropic dollars to reimagine the Lake Monona waterfront along John Nolen Drive. The Partners imagine the waterfront as a welcoming destination for all Madison residents and visitors. A waterfront destination that connects Downtown and South Madison to Lake Monona, enhances community connections, increases physical and visual access to the lake, improves Lake Mononas water quality and aquatic habitat, celebrates Frank Lloyd Wrights architectural legacy in Madison, and recognizes Lake Mononas cultural history.
Program accomplishments
- Leading a community-driven capital campaign to develop a waterfront park that will provide accessible green space and amenities and will serve as a hub for future public educational programming and community engagement, once completed.Expenses $24,899
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 83-2870712
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N32)
- Assets (IRS master file)
- $202,533
- Income (IRS master file)
- $336,961
Revocation and reinstatement
- Exemption revoked
- May 15, 2021
- Posted by the IRS
- August 9, 2021
- Reinstated
- Effective May 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $336,755 | $254,967 | $202,533 | IRS |
| 990-EZ | December 2024 | $184,025 | $128,039 | $119,101 | IRS |
| 990-EZ | December 2023 | $47,652 | $118,548 | $62,854 | XML |
| 990-N for 2022 Officer: Jason Ilstrup | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 83-2870712).
Questions about MADISON LAKEWAY PARTNERS INC
- What is the EIN of MADISON LAKEWAY PARTNERS INC?
- The employer identification number (EIN) of MADISON LAKEWAY PARTNERS INC is 83-2870712.
- Is MADISON LAKEWAY PARTNERS INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2021 and reinstated it effective May 15, 2021.
- Are donations to MADISON LAKEWAY PARTNERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON LAKEWAY PARTNERS 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 LAKEWAY PARTNERS 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 LAKEWAY PARTNERS 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 LAKEWAY PARTNERS INC?
- The 990 for the year ended December 31, 2025 names Jayme Powers.
- Who are the officers and directors of MADISON LAKEWAY PARTNERS INC?
- The 990 for the year ended December 31, 2025 lists 20 people; 1 received compensation from the organization, the highest $122,170 (Jayme Powers, CEO).
- How much revenue does MADISON LAKEWAY PARTNERS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $336,755, expenses of $254,967 and total assets of $202,533 at year end.
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All nonprofits in MADISON · Wisconsin · Recreation and sports