Madonna Circle is located in Memphis, TN. The organization was established in 1967. 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. Madonna Circle 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 05/2023, Madonna Circle generated $166.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $154.8k during the year ending 05/2023. While expenses have increased by 14.4% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DONATION OF FUNDS TO LOCAL CHARITES.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Brandon Treasurer | 1 | $0 | |
Patty Neuhoff Vice Preside | 1 | $0 | |
Kathy Marotta President | 1 | $0 | |
Annette Noles Secretary | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,276 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,437 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $119,627 |
| Other Revenue | $0 |
| Total Revenue | $166,340 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,436 |
| Printing, publications, postage, and shipping | $1,696 |
| Other expenses | $33,426 |
| Total expenses | $154,783 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $228,195 |
| Other assets | $0 |
| Total assets | $228,195 |
| Total liabilities | $0 |
| Net assets or fund balances | $228,195 |