Madison Foundation Inc
- Assets
- $409.8k
- Revenue
- $23.4k
- Investments
- $366.2k
- Employees
- 0
- Location
- Madison, NE
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 47-6202126
Organization Overview
Madison Foundation Inc is located in Madison, NE. The organization was established in 1998. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 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 Foundation Inc generated $23.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $25.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASHBURN ENDOWMENT - FUNDING FOR SCIENCE PROJECT AND ART BUILDING
TRINITY METHODIST CHURCH - FUNDING FOR CONSTRUCTION AND MAINTENANCE
UNIVERSITY OF NEBRASKA - FUNDING FOR COLLEGE OF LAW SCHOLARSHIPS,FACILITIES, SUPPORT & RESEARCH
MADISON LIBRARY FOUNDATION - CAPITAL OUTLAY FOR LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Moyer Treasurer | 7 | $4,400 | |
Ann Long President | 5 | $2,900 | |
George Moyer Secretary | 4 | $2,900 | |
Eric Moyer Director | 1 | $700 | |
Michelle Payne Director | 1 | $700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $23,421 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,537 |
| Contributions, gifts, grants paid | $13,000 |
| Total expenses and disbursements | $25,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,641 |
| Net Accounts receivable | $0 |
| 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 | $409,823 |
| 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 Foundation Inc has awarded $13,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WASHBURN ENDOWMENT PURPOSE: ART BUILDING | $3,500 |
UNL-COLLEGE OF LAW PURPOSE: SCHOLARSHIPS, FACILITIES, SUPPORT | $3,000 |
TRINITY METHODIST CHURCH PURPOSE: CONSTRUCTION & MAINTENANCE | $3,000 |
Madison, NE PURPOSE: CAPITAL OUTLAY FOR LIBRARY | $2,500 |
MADISON PUBLIC SCHOOL PURPOSE: DRAMA & ENGLISH | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Miller Family Foundation Inc Pittsburg, KS | $66,698,223 | $18,550,862 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
Kelly Family Foundation Olathe, KS | $26,568,839 | $10,534,027 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Prologis Foundation Denver, CO | $28,249,002 | $8,550,894 |
The Armstrong Foundation Denver, CO | $15,272,297 | $4,890,306 |
Schmitz Family Foundation Denver, CO | $52,849,547 | $5,123,702 |
Larrk Foundation Denver, CO | $16,149,393 | $1,486,799 |
Textron Aviation Employees Uplift Fund Inc Wichita, KS | $573,365 | $1,631,337 |
Vodafone Americas Foundation Denver, CO | $7,259,387 | $1,340,282 |
Stifel Foundation Inc St Louis, MO | $2,821,362 | $3,874,116 |