Madison Parks Foundation Inc
- Assets
- $4.1m
- Revenue
- $1.6m
- Investments
- $663.6k
- Employees
- 1
- Location
- Madison, WI
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 33-1047992
Organization Overview
Madison Parks Foundation Inc is located in Madison, WI. The organization was established in 2003. According to its NTEE Classification (W24) the organization is classified as: Citizen Participation, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Parks 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 12/2021, Madison Parks Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 14.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS THE NON-PROFIT PARTNER OF MADISON PARKS, WE HELP OUR COMMUNITY CONSERVE, PROMOTE, AND ENHANCE OUR PARKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PARK PROJECTS. HELPED WITH DEVELOPMENT OF VARIOUS PARKS AND RESTORATION AND RENEWAL OF PLAYGROUND EQUIPMENT.
IN 2021, MADISON PARKS FOUNDATION GRANTED 3,852 GOODMAN POOL ADMISSIONS SCHOLARSHIPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Franklin Executive Director | Officer | 40 | $79,902 |
Maureen Lokrantz President | OfficerTrustee | 1 | $0 |
Ty Beck Vice President | OfficerTrustee | 1 | $0 |
Julie Bogle Treasurer | OfficerTrustee | 1 | $0 |
Kyle Engelke Secretary | OfficerTrustee | 1 | $0 |
Madelyn Leopold Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,058 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,553,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,568,143 |
| Total Program Service Revenue | $0 |
| Investment income | $65,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,085 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,634,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,720 |
| 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. | $87,050 |
| Compensation of current officers, directors, key employees. | $8,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,055,525 |
| Advertising and promotion | $26 |
| Office expenses | $1,872 |
| Information technology | $2,198 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $615 |
| 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 | $1,965 |
| All other expenses | $0 |
| Total functional expenses | $1,229,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,844 |
| Savings and temporary cash investments | $220,647 |
| Pledges and grants receivable | $129,967 |
| 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 | $1,287 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,071,286 |
| Investments—other securities | $663,626 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,094,657 |
| Accounts payable and accrued expenses | $164,360 |
| 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 | $0 |
| Total liabilities | $164,360 |
| Net assets without donor restrictions | $2,625,350 |
| Net assets with donor restrictions | $1,304,947 |
| 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 | $4,094,657 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Madison Parks Foundation Inc has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Jenni & Kyle Foundation Inc Belleville, WI PURPOSE: BRITTINGHAM PARK PLAYGROUND | $100,000 |
Jenni & Kyle Foundation Inc Belleville, WI PURPOSE: VILAS PARK BEACH IMPROVEMENTS | $10,000 |
Endowment Analysis
| Beg. Balance | $210,891 |
| Earnings | $35,250 |
| Admin Expense | $2,213 |
| Net Contributions | $100,000 |
| Other Expense | $3,108 |
| Ending Balance | $340,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Win Minnesota Saint Paul, MN | $1,242,170 | $2,311,000 |
Madison Parks Foundation Inc Madison, WI | $4,094,657 | $1,634,719 |
Federation Of State Conservation Voter Leagues Inc Minneapolis, MN | $993,932 | $1,288,972 |
Minnesota Voice Saint Paul, MN | $623,859 | $539,519 |
American Future Fund West Des Moines, IA | $1,849,149 | $360,138 |
Illinois Opportunity Project Chicago, IL | $58,656 | $185,586 |
Illinois State Association Of Counties Springfield, IL | $852,486 | $736,425 |
Federation Of State Conservation Voter Leagues Inc Madison, WI | $916,897 | $892,473 |
Wisconsin Family Action Inc Madison, WI | $468,342 | $565,160 |
Alliance For A Better Minnesotaeducation Fund Saint Paul, MN | $12,300 | $318,000 |
Fairvote Minnesota Foundation Saint Paul, MN | $311,242 | $626,509 |
Our Children Minnetonka, MN | $108,907 | $377,662 |