The Madigan Family Foundation Inc
- Assets
- $2.0m
- Revenue
- $478.1k
- Investments
- $1.4m
- Employees
- 0
- Location
- Lancaster, MA
- Founding
- 05/2007
- Data as of
- 06/2023
- EIN
- 20-8050766
Organization Overview
The Madigan Family Foundation Inc is located in Lancaster, MA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Madigan Family 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 06/2023, Madigan Family Foundation Inc generated $478.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $97.0k during the year ending 06/2023. While expenses have increased by 20.9% per year over the past 4 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.
Since 2020, Madigan Family Foundation Inc has awarded 117 individual grants totaling $247,131. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy M Madigan President/director | 2 | $0 | |
Timothy M Madigan Treasurer | 2 | $0 | |
Mark R Stachowicz Clerk/secretary/director | 2 | $0 | |
Eileen J Madigan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $501,300 |
| Interest on Savings | $3,791 |
| Dividends & Interest | $23,719 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$50,666 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $478,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $245 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,273 |
| Total operating and administrative expenses | $13,650 |
| Contributions, gifts, grants paid | $83,376 |
| Total expenses and disbursements | $97,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $651,796 |
| 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 | $1,394,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,046,525 |
| 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, The Madigan Family Foundation Inc has awarded $83,376 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: SUPPORT FOR CURRENT OPERATIONS | $5,000 |
AYER-SHIRLEY HIGH SCHOOL PURPOSE: SCHOLARSHIP | $3,500 |
AYER-SHIRLEY EDUCATION FOUNDATION INC PURPOSE: SUPPORT FOR CURRENT OPERATIONS | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT FOR CURRENT OPERATIONS | $1,000 |
BABSON COLLEGE PURPOSE: SUPPORT FOR CURRENT OPERATIONS | $500 |
AMERICAN SOCIETY FOR SUICIDE PREVENTION PURPOSE: SUPPORT FOR CURRENT OPERATIONS | $250 |