Madison Community Foundation Inc is located in Madison, SD. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Community 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 12/2019, Madison Community Foundation Inc generated $58.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $27.8k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT COMMUNITY PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORS MEMBERSHIPS TO THE COMMUNITY CENTER FOR ECONOMICALLY DISADVANTAGED YOUTH, ADULTS, AND FAMILIES IN MADISON, SD AND THE SURROUNDING AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Millage Secretary/tr | OfficerTrustee | 1 | $0 |
Delon Mork President | OfficerTrustee | 1 | $0 |
Jeff Bloom Director | Trustee | 1 | $0 |
Floyd Rummel Director | Trustee | 1 | $0 |
Terry Schultz Director | Trustee | 1 | $0 |
Clark Sinclair Director | Trustee | 1 | $0 |
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 | $10,555 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,555 |
Total Program Service Revenue | $0 |
Investment income | $10,118 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $38,198 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $58,871 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $25,198 |
Grants and other assistance to domestic individuals. | $965 |
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 | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
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 | $68 |
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 | $1,540 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $27,771 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $26,629 |
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 | $32,657 |
Investments—publicly traded securities | $494,383 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $553,669 |
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 | $0 |
Net assets with donor restrictions | $553,669 |
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 | $553,669 |
Over the last fiscal year, Madison Community Foundation Inc has awarded $23,687 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
COMMUNITY CENTER PURPOSE: MISSION STATEMENT | $14,309 |
INTERLAKES COMMUNITY ACTION PROGRAM PURPOSE: MISSION STATEMENT | $9,378 |
Organization Name | Assets | Revenue |
---|---|---|
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
New Harmony Care Center Inc Edina, MN | $17,674,874 | $11,846,414 |
United Way Of Lincoln And Lancaster County Lincoln, NE | $10,176,018 | $7,783,651 |
United Way Of East Central Iowa Cedar Rapids, IA | $18,620,645 | $6,956,778 |
United Way Quad Cities Bettendorf, IA | $12,852,824 | $6,411,474 |
Billings Clinic Foundation Billings, MT | $116,767,576 | $17,438,060 |
United Way Of Cass-Clay Fargo, ND | $8,673,446 | $5,532,076 |
Midamerican Energy Foundation Des Moines, IA | $31,627,129 | $16,741,976 |
Hills Bank Donor Advised Gift Fund North Liberty, IA | $13,364,606 | $6,107,675 |
Minnesota Independence College And Community Richfield, MN | $4,038,115 | $5,662,588 |
United Way Of Central Minnesota St Cloud, MN | $5,880,588 | $4,142,317 |
Vital Services Inc Lincoln, NE | $6,600,166 | $3,901,628 |