Club Of Madrid Foundation Inc
- Assets
- $13.2k
- Revenue
- $276.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, MA
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 20-2013301
Organization Overview
Club Of Madrid Foundation Inc is located in Newton, MA. The organization was established in 2005. According to its NTEE Classification (R12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Club Of Madrid 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, Club Of Madrid Foundation Inc generated $276.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $280.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB OF MADRID FOUNDATION, INC. (COMFI WAS INCORPORATED ON OCTOBER 27, 2004 FOR THE PRIMARY PURPOSE OF RAISING FUNDS TO SUPPORT SPECIFIC CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE CLUB OF MADRID (CDM), A SPANISH ORGANIZATON SERVING PUBLIC PURPOSES UNDER SPANISH LAW. CDMS PURPOSE AND PRIORITY IS TO STRENGTHEN DEMOCRACY AROUND THE WORLD AND ESPECIALLY TO ENABLE THE TRANSITION OF NON-DEMOCRATIC COUNTRIES TO DEMOCRACY. IT STIMULATES, PROMOTES AND CONDUCTS INITIATIVES AND ACTIVITIES, AND PARTICIPATES IN PROJECTS INTENDED TO ACHIEVE THIS OBJECTIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB DE MADRID - SHARED SOCIETIES PROJECT - COMFI GRANTTHE CLUB DE MADRID STAGE NINE OF THE SHARED SOCIETIES PROJECT: POLITICAL LEADERSHIP FOR SOCIAL COHESION AND DEMOCRATIC DEVELOPMENT AND FOCUSES ON MAINSTREAMING THE CONCEPTS, ARGUMENTS, AND POLICY PROPOSALS FOR SHARED SOCIETY THROUGH IN-COUNTRY IMPLEMENTATION PROJECTS, THE PROMOTION OF SHARED SOCIETY IN INTERNATIONAL FORUMS, AND COMMUNICATION AND OUTREACH ACTIVITIES.GRANT FOR GENERAL PURPOSE INTENDED FOR CORE FUNDING TO HELP THE CLUB DE MADRID SECRETARIAT TO SUPPORT THE WORK OF THE CLUB DE MADRID
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Shapiro President | OfficerTrustee | 1 | $0 |
Timothy Phillips Treasurer | OfficerTrustee | 1 | $0 |
Sheila Graves Secretary | OfficerTrustee | 1 | $0 |
Theodore Piccone Board Member | Trustee | 1 | $0 |
Financial Statements
| 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 | $276,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,000 |
| 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 | $272,250 |
| 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 | $8,567 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $280,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,176 |
| 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 | $0 |
| Total assets | $13,176 |
| Accounts payable and accrued expenses | $7,000 |
| 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 | $7,000 |
| Net assets without donor restrictions | $6,176 |
| 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 | $13,176 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Club Of Madrid Foundation Inc has recieved totaling $277,000.
| Awarding Organization | Amount |
|---|---|
Alan B Slifka Foundation Inc New York, NY PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $275,000 |
Cousins Charitable Foundation New York, NY PURPOSE: CONTRIBUTION | $1,000 |
Cousins Charitable Foundation New York, NY PURPOSE: CONTRIBUTION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation To Combat Anti-Semitism Inc Foxborough, MA | $16,034,331 | $10,197,544 |
American Friends Of Edelgive Foundation New York, NY | $3,713,867 | $4,985,145 |
See Forward Fund Inc Northampton, MA | $644,011 | $594,147 |
Shedrub Development Fund Inc Northampton, MA | $2,522,758 | $1,885,024 |
Onward Together Foundation New York, NY | $368,957 | $697,498 |
Civil Rights Foundation Inc New York, NY | $2,091,187 | $1,271,151 |
Club Of Madrid Foundation Inc Newton, MA | $13,176 | $276,000 |
Reframing The Future Inc Brooklyn, NY | $23,821 | $289,029 |
Letter Of The Law Inc Brooklyn, NY | $7,081,813 | $2,554,084 |
International Ministry Marketplace Corp New York, NY | $6,209 | $30,051 |
Padl Ltd New York, NY | $3,119 | $0 |
Kiwanis Charity Club Of Medford Inc Medford, MA | $30,378 | $0 |