Madison Fund Foundation Inc
- Assets
- $456.1k
- Revenue
- $14.2k
- Investments
- $383.0k
- Employees
- 0
- Location
- Scarsdale, NY
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2586473
Organization Overview
Madison Fund Foundation Inc is located in Scarsdale, NY. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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 Fund 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 12/2023, Madison Fund Foundation Inc generated $14.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $19.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bosheng Li CEO | 2 | $0 | |
Han Gu CFO | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,218 |
| Capital Gain Net Income | $14,218 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,218 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,402 |
| Printing and publications | $0 |
| Other expenses | $2,600 |
| Total operating and administrative expenses | $5,167 |
| Contributions, gifts, grants paid | $13,820 |
| Total expenses and disbursements | $18,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,459 |
| Savings and temporary cash investments | $553 |
| Net Accounts receivable | $142 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $456,146 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Madison Fund Foundation Inc has awarded $13,820 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HACKLEY SCHOOL PURPOSE: EDUCATIONAL | $500 |
BUDDHIST ASSOCIATION OF THE UNITED PURPOSE: CHARITABLE | $5,120 |
PASTURE VALLEY CHILDRENS PURPOSE: CHARITABLE (HELP CHILDREN WITH BETTER EDUCATION ASSISTANCE) | $1,200 |
WESTHAB INC PURPOSE: CHARITABLE (HELP CHILDREN IN YONKER, NY WITH BETTER EDUCATION ASSISTANCE) | $1,000 |
A FRIEND'S HOUSE INC PURPOSE: CHARITABLE | $1,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: EDUCATIONAL | $5,000 |