Destination Madison Foundation Inc

Organization Overview

Destination Madison Foundation Inc is located in Madison, WI. The organization was established in 2005. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destination Madison Foundation 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, Destination Madison Foundation Inc generated $1.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (47.3%) each year. All expenses for the organization totaled $71.6k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE AND ENCOURAGE ECONOMIC DEVELOPMENT AND WELL-BEING OF DIVERSE POPULATIONS WITHIN THE GREATER MADISON/DANE COUNTY AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE RESOURCE SUPPORT FOR EVENTS HOSTED BY THE CITY OF MADISON AND/OR THE GREATER MADISON CONVENTION & VISITORS BUREAU, INC. THAT PROMOTE AND ENCOURAGE ECONOMIC DEVELOPMENT WITHIN THE GREATER MADISON/DANE COUNTY AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Joel Weitz
Chair
$0
Jonathan Bogatay
Vice Chair (thru Oct)
$0
Jeanette Riechers
Vice Chair
$0
Ellsworth Brown
Secretary/treasurer
$0
Deb Archer
President/ceo
$0
Turina Bakken
Trustee
$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$1,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,500
Total Program Service Revenue$0
Investment income $212
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,712

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Destination Madison Foundation Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Madison Gas & Electric Foundation Inc

Madison, WI

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Recipient Profile

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