Madison Public Schools Foundation Inc

Organization Overview

Madison Public Schools Foundation Inc is located in Madison, WI. The organization was established in 2002. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Madison Public Schools 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 Public Schools Foundation Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 8.2% 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.

Since 2015, Madison Public Schools Foundation Inc has awarded 15 individual grants totaling $3,473,653. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FUNDING EXCLUSIVELY TO THE SCHOOLS OF THE MADISON METROPOLITAN SCHOOL DISTRICT IN SUPPORT OF CREATIVE INITIATIVES, CONSISTENT WITH SUSTAINING EXCELLENCE IN EDUCATION, WHICH PREVIOUSLY HAVE NOT BEEN FUNDED AND WHICH CANNOT BE FUNDED THROUGH THE CORE SCHOOL BUDGET.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS, SCHOLARSHIPS, AND FISCAL AGENT SERVICES - GRANTS AND SCHOLARSHIPS THAT SUPPORT THE DISTRICT'S SCHOOLS, PROGRAMS, PROJECTS, AND STUDENTS.


COMMUNITY PARTNERSHIPS - SUPPORTS THE IDENTIFICATION AND DEVELOPMENT OF PARTNERSHIPS BETWEEN SCHOOLS IN THE DISTRICT WITH LOCAL BUSINESSES AND OTHER ORGANIZATIONS. THE FOUNDATION MANAGES THREE PROGRAMS IN THIS AREA: A PRINCIPAL EXPERIENCE, THE ADOPT-A-SCHOOL PROGRAM, AND THE TEACHER SUPPLY PROGRAM.


ADVOCACY - PROVIDES AWARENESS AND CAMPAIGNING EFFORTS TO THE DISTRICT.


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Board, Officers & Key Employees

Name (title)Compensation
Melinda Heinritz
President
$109,292
Mary Romolino
Chair
$0
Alyssa Hartung
Treasurer
$0
Daniel Nerad
Chair-Elect
$0
Melissa Scholz
Vice Chair/secretary
$0
Elizabeth Huebel
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$32,200
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,918,190
Noncash contributions included in lines 1a–1f $22,895
Total Revenue from Contributions, Gifts, Grants & Similar$3,950,390
Total Program Service Revenue$0
Investment income $47,726
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,070
Net Income from Fundraising Events -$8,987
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,995,199

Grants Awarded

Over the last fiscal year, Madison Public Schools Foundation Inc has awarded $970,715 in support to 2 organizations.

Grant RecipientAmount

MADISON METROPOLITAN SCHOOL DISTRICT

PURPOSE: EDUCATIONAL PROGRAMS FOR SCHOOLS IN THE MMSD, SCHOLARSHIPS, AND TEACHER SUPPLIES.

$943,938

UNIVERSITY OF WISCONSIN FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: TEEMS PROGRAM

$26,777
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 26 grants that Madison Public Schools Foundation Inc has recieved totaling $1,868,290.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$1,512,900
Evjue Foundation Inc

Madison, WI

PURPOSE: SUPPORT COVID-19 RELIEF EFFORTS AND TEACHER SUPPLY PROGRAM

$60,000
Madison Community Foundation

Madison, WI

PURPOSE: CHILDREN'S ORAL HEALTH CARE

$57,504
Madison Community Foundation

Madison, WI

PURPOSE: GENERAL CHARITABLE PURPOSES

$30,000
Nimick Forbesway Foundation

Pittsburgh, PA

PURPOSE: TEACHER SUPPORT NETWORK PROJECT

$25,000
Madison Gas & Electric Foundation Inc

Madison, WI

PURPOSE: GENERAL SUPPORT

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,605,203
Earnings$940,652
Admin Expense$61,149
Net Contributions$1,728,174
Grants$285,487
Ending Balance$9,927,393

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