Discover Madison Inc
- Assets
- $207.2k
- Revenue
- $231.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, TN
- Founding
- 03/2006
- Data as of
- 12/2019
- EIN
- 03-0573906
Organization Overview
Discover Madison Inc is located in Madison, TN. The organization was established in 2006. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discover Madison 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, Discover Madison Inc generated $231.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $25.2k during the year ending 12/2019. 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
TO CELEBRATE, EDUCATE, PROMOTE, AND PRESERVE MADISON, TENNESSEE, THROUGH THE HISTORIC AMQUI STATION AND VISITOR'S CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE RENT OUR VENUE FOR COMMUNITY ACTIVITIES
WE HOST A SEASONAL FARMER'S MARKET FOR THE COMMUNITY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Vandergriff Secretary | OfficerTrustee | 2 | $0 |
Tabitha Engelhardt Treasurer | OfficerTrustee | 2 | $0 |
John Parrish Vice President | OfficerTrustee | 1 | $0 |
Rodney Jarvis Director | Trustee | 1 | $0 |
Kevin Sykes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $266 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,059 |
| Total Program Service Revenue | $1,196 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $209,550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,832 |
| Advertising and promotion | $150 |
| Office expenses | $902 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,216 |
| 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 | $4,219 |
| All other expenses | $0 |
| Total functional expenses | $25,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,203 |
| 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 | $99,999 |
| Total assets | $207,202 |
| 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 | $207,202 |
| 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 | $207,202 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Discover Madison Inc has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Memorial Foundation Inc Hendersonville, TN PURPOSE: TO FURTHER EXEMPT PURPOSES | $45,000 |
Memorial Foundation Inc Hendersonville, TN PURPOSE: TO FURTHER EXEMPT PURPOSES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
National Infantry Museum Foundation Inc Columbus, GA | $75,263,880 | $5,605,336 |
Montpelier Foundation Orange, VA | $32,791,745 | $7,244,660 |
North Carolina Transportation Museum Foundation Spencer, NC | $11,455,078 | $7,616,895 |
Old Salem Incorporated Winstonsalem, NC | $81,707,076 | $3,795,190 |
Owsley Brown Frazier Historical Arms Museum Foundation Inc Louisville, KY | $43,112,750 | $4,338,107 |
American Civil War Museum Richmond, VA | $33,997,529 | $3,026,232 |
Soulsville Memphis, TN | $9,455,990 | $2,725,171 |
Valentine Museum Richmond, VA | $31,520,182 | $4,443,441 |
George Washington Masonic National Memorial Association Inc Alexandria, VA | $22,574,581 | $2,980,400 |
National Womens History Museum Alexandria, VA | $1,422,250 | $2,958,832 |