Madison Abc Program Incorporated
- Assets
- $1.4m
- Revenue
- $283.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Madison, CT
- Founding
- 10/1969
- Data as of
- 06/2022
- EIN
- 23-7040306
Organization Overview
Madison Abc Program Incorporated is located in Madison, CT. The organization was established in 1969. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Madison Abc Program Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Abc Program Incorporated 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 06/2022, Madison Abc Program Incorporated generated $283.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $160.6k during the year ending 06/2022. While expenses have increased by 1.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FEED, HOUSE AND TUTOR EDUCATIONALLY DISADVANTAGED HIGH SCHOOL STUDENTS (LIVING AWAY FROM HOME) TO QUALIFY THEM FOR COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM EXISTS TO FEED,HOUSE AND TUTOR SIX EDUCATIONALLY DISADVANTAGED HIGH SCHOOL STUDENTS (LIVING AWAY FROM HOME) TO QUALIFY THEM FOR COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Virgulto Vice President | OfficerTrustee | 1 | $0 |
Kirsten Pritchard Treasurer | OfficerTrustee | 4 | $0 |
Kevin Kranzler President | OfficerTrustee | 1 | $0 |
Katie Stein Board Of Director | OfficerTrustee | 1 | $0 |
Priscella Macinnis Board Of Director | Trustee | 1 | $0 |
Lindalea Ludwick Board Of Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $53,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,767 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,267 |
| Total Program Service Revenue | $0 |
| Investment income | $25,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $91,586 |
| Net Income from Fundraising Events | $3,912 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $283,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $35,043 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,855 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,808 |
| 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 | $20,119 |
| Insurance | $19,051 |
| All other expenses | $6,720 |
| Total functional expenses | $160,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,309 |
| Savings and temporary cash investments | $33,856 |
| 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 | $2,188 |
| Net Land, buildings, and equipment | $206,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,132,937 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,405,141 |
| 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 | $500 |
| Total liabilities | $500 |
| Net assets without donor restrictions | $1,404,641 |
| Net assets with donor restrictions | $0 |
| 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 | $1,405,141 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Madison Abc Program Incorporated has recieved totaling $6,161.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Secondary & High Schools | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $161 |
Endowment Analysis
| Beg. Balance | $929,629 |
| Earnings | -$108,398 |
| Ending Balance | $821,231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Choate Rosemary Hall Foundation Incorporated Wallingford, CT | $824,930,363 | $80,573,016 |
Hotchkiss School Lakeville, CT | $832,226,197 | $135,336,667 |
Trustees Of Deerfield Academy Deerfield, MA | $1,009,854,595 | $87,019,997 |
Taft School Corporation Watertown, CT | $447,949,060 | $83,525,324 |
Northfield Mount Hermon School Mount Hermon, MA | $279,135,089 | $64,524,302 |
Loomis Institute Windsor, CT | $445,458,169 | $66,028,387 |
Noble And Greenough School Dedham, MA | $357,051,555 | $55,304,957 |
Groton School Groton, MA | $519,152,774 | $50,710,312 |
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |