Franciscan Community Benefits Services Inc

Organization Overview

Franciscan Community Benefits Services Inc, operating under the name Madonna Foundation, is located in Lemont, IL. The organization was established in 2018. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madonna Foundation 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 06/2021, Madonna Foundation generated $331.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $321.5k during the year ending 06/2021. While expenses have increased by 10.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF THE FRANCISCAN SISTERS OF CHICAGO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MADONNA FOUNDATION IS FOCUSED ON INCREASING ACCESS TO CATHOLIC HIGH SCHOOLS FOR AT RISK AND UNDERSERVED YOUNG WOMEN FROM THE CHICAGO AREA. THESE YOUNG WOMEN COME FROM FAMILIES WHO ARE EXPERIENCING ECONOMIC DIFFICULTIES. THE MADONNA FOUNDATION PROVIDES TUITION ASSISTANCE, TUTORING, SERVICE PROJECTS AND COLLEGE AND CAREER READINESS PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$8,040
Related organizations$17,760
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$180,090
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$205,890
Total Program Service Revenue$0
Investment income $42,562
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $85,002
Net Income from Fundraising Events -$2,021
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $331,433

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Franciscan Community Benefits Services Inc has recieved totaling $63,467.

Awarding OrganizationAmount
First Look For Charity Foundation

Oakbrook Terrace, IL

PURPOSE: GENERAL SUPPORT

$63,345
Lamb Weston Charitable Foundation

Eagle, ID

PURPOSE: COMMUNITY SUPPORT

$100
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$22
View Grant Recipient Profile

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