Madonna Educational Foundation Inc
- Assets
- $1.5m
- Revenue
- $395.9k
- Investments
- $518.2k
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2006
- Data as of
- 03/2023
- EIN
- 20-1331870
Organization Overview
Madonna Educational Foundation Inc is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Madonna Educational 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 03/2023, Madonna Educational Foundation Inc generated $395.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.4% each year . All expenses for the organization totaled $71.2k during the year ending 03/2023. While expenses have increased by 10.7% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Madonna President | 3 | $0 | |
Marc Gabelli Secretary And Treasurer | 3 | $0 | |
Matthew Gabelli VP | 1 | $0 | |
Michael Gabelli VP | 1 | $0 | |
Elisa Gabelli Wilson VP | 1 | $0 | |
Father Joseph Parkes VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $385,309 |
| Interest on Savings | $2,182 |
| Dividends & Interest | $8,426 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $395,917 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,133 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,092 |
| Total operating and administrative expenses | $16,225 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $71,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $950,475 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $518,195 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,468,670 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Madonna Educational Foundation Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKLYN JESUIT PREP PURPOSE: EDUCATION | $20,000 |
ST BARNABAS HIGH SCHOOL PURPOSE: EDUCATION | $15,000 |