Madison Education Foundation Inc
- Assets
- $142.2k
- Revenue
- $123.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, NJ
- Founding
- 05/2003
- Data as of
- 06/2024
- EIN
- 43-2001702
Organization Overview
Madison Education Foundation Inc is located in Madison, NJ. The organization was established in 2003. 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 Education 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 06/2024, Madison Education Foundation Inc generated $123.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $96.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Madison Education Foundation Inc has awarded 39 individual grants totaling $759,834. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MADISON EDUCATION FOUNDATION WAS FORMED TO (I) ENCHANCE AND EXPAND EDUCATIONAL ENRICHMENT OPPORTUNITIES FOR ALL STUDENTS IN THE MADISON PUBLIC SCHOOL DISTRICT AND (II) SUPPORT LONG RANGE FLEXIBILITY FOR DISTRICT SCHOOLS BY ENCOURAGING COMMUNITY-WIDE PARTICIPATION AND PHILANTROPY FOR EDUCATIONAL INITIATIVES. THE FOUNDATIONS'S MISSION IS TO CONTRIBUTE TO EDUCATIONAL INNOVATION BY FUNDING IDEAS PROPOSED BY FACULTY AND STAFF THAT ARE DESIGNED TO PROVIDE STUDENTS WITH KNOLEDGE AND SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY SCHOOLS - SPONSORED PROGRAMS AND EVENTS TO ENHANCE STEAM CURRICULUM, PROMOTE READING AND LITERATURE, MATH AND FITNESS FOR GRADES K TO 6 - SUCH AS AUTHOR VISITS,BOOK TASTINGS, READING PROGRAMS, REFLEX MATH SUBSCRIPTIONS & YOGA INSTRUCTIONAL PROGRAMS. TOOLS WERE ALSO PROVIDED TO ENHANCE LEARNING SUCH AS PROMETHEAN BOARDS AND DOCUMENT CAMERAS, STEAM PRODUCTION STUDIO, MULTICULTURAL BOOKS, SEL TOOLS, LIBRARY BOOKS AND HANDS ON LEARNING STATIONS.
DISTRICT WIDE SCHOOL GRANT - BOOKS FOR ENGLISH LANGUAGE LEARNERS TO WRITE, EDIT, DRAFT AND PUBLISH BILINGUAL BOOKS.
JUNIOR SCHOOL - FUNDED A PROGRAM TO PROMOTE READING, MATH, CULTURE AND THE SCIENCES SUCH AS - A PROGRAM THAT ALLOWS STUDENTS TO GET PERSONALIZED ELA RELATED SKILLS PRACTICE ALIGNED WITH THEIR OWN INDIVIDUAL READING LEVEL AND WRITING STATIONS, ASTRONOMY DOMES FOR AN INTERACTIVE EXPERIENCE FOR THE 6TH & 7TH GRADERS TO LEARN AOBUT THE UNIVERSE, SUBSCRIPTIONS TO QUIZIZZ FOR MATH, MET MUSEUM OF ART, ITALIAN COOKING AND HISPANIC FLAMENCO BALLET FIELD TRIPS FOR ARTS ENRICHMENT. THE ORGANIZATION ALSO SUBSIDIZED FOR THE CREATIOIN & BEAUTIFICATION OF A USABLE OUTDOOR CLASSROOM SPACE MAINTAINED BY THE STUDENTS.
HIGH SCHOOL - FUNDED FACULTY AND STAFF PROGRAMS RELATED TO SCHOOLS BASIC CURRICULUM, THE ARTS, SCIENCES AND TECHNOLOGY. DONATIONS INCLUDES: VIBRAPHONES AND DISTORTION GOGGLES. PROGRAMS INCLUDE FIELD TRIPS TO WASHINGTON DC TO EXPLORE THE US HOLOCAUST MEMORIAL MUSEUM, AND FIELD TRIP TO A ROMEO AND JULIET PLAY. ALSO SPONSORED STUDENTS IN BROADCAST JOURNALISM AND YEARBOOK CLASSES TO ATTEND THE COLUMBIA SCHOLASTIC PRESS ASSOCIATION FALL CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlena Fass President | Officer | 5 | $0 |
Susan Han Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,149 |
| Total Program Service Revenue | $0 |
| Investment income | $497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,070 |
| Net Income from Gaming Activities | $880 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,970 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,370 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,795 |
| Information technology | $6,713 |
| 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 | $0 |
| Insurance | $715 |
| All other expenses | $91 |
| Total functional expenses | $96,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,202 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $142,202 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $142,202 |
| 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 | $142,202 |
Grants Awarded
Over the last fiscal year, Madison Education Foundation Inc has awarded $105,855 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON JUNIOR SCHOOL PURPOSE: TO FUND PROGRAMS AND PURCHASE EQUIPMENTS THAT WILL ENRICH THE JUNIOR SCHOOL'S EDUCATION IN SCIENCE, TECHNOLOGY, ART, MATHEMATICS, ENGLISH, HUMANITIES, WORLD LANGUAGE AS WELL AS FOR GENERAL, SOCIAL AND EMOTIONAL HEALTH. | $35,207 |
MADISON HIGH SCHOOL PURPOSE: TO PROVIDE EQUIPMENT AND PROGRAMS THAT WILL ENHANCE THE MATH & SCIENCES, ENGLISH/LANGUAGE ARTS, PYSICAL EDUCATION AND ARTS, MUSIC & CULTURAL EDUCATION IN THE MADISON HIGH SCHOOL. | $33,063 |
TOREY J SABATINI SCHOOL PURPOSE: TO FUND PROGRAMS & TRIPS AS WELL AS PURCHASE TOOLS & EQUIPMENTS THAT WILL ENHANCE CHILDREN'S EDUCATION IN THE SCIENCES, MATH, ARTS, ENGLISH, LANGUAGE ARTS, PHYSICAL EDUCATION AND SOCIAL & EMOTIONAL DEVELOPMENT. | $16,551 |
KINGS ROAD SCHOOL PURPOSE: TO FUND PROGRAMS & TRIPS AS WELL AS PURCHASE TOOLS & EQUIPMENTS THAT WILL ENHANCE CHILDREN'S EDUCATION IN THE SCIENCES, MATH, ARTS, ENGLISH, LANGUAGE ARTS, PHYSICAL EDUCATION AND SOCIAL & EMOTIONAL DEVELOPMENT. | $9,432 |
BOROUGH OF MADISON PUBLIC SCHOOLS (TO BENEFIT GRADES K-12) PURPOSE: THIS GRANT COVERS ALL SCHOOLS - TO FUND PROGRAMS & TRIPS AS WELL AS PURCHASE TOOLS & EQUIPMENTS THAT WILL ENHANCE CHILDREN'S EDUCATION IN THE SCIENCES, MATH, ARTS, ENGLISH, LANGUAGE ARTS, PHYSICAL EDUCATION AND SOCIAL & EMOTIONAL DEVELOPMENT. | $11,602 |