The Madonna Foundation
- Assets
- $19.2m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Lincoln, NE
- Founding
- 02/1972
- Data as of
- 06/2021
- EIN
- 23-7159940
Organization Overview
The Madonna Foundation is located in Lincoln, NE. The organization was established in 1972. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Madonna Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madonna Foundation 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 06/2021, Madonna Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $14.3m during the year ending 06/2021. 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 MADONNA FOUNDATION HELPS GENEROUS DONORS INVEST IN EXTRAORDINARY REHABILITATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT MADONNA REHABILITAION HOSPITAL; A CATHOLIC ORGANIZATION THAT EXISTS TO PROVIDE MEDICAL AND PHYSICAL REHABILITATION SERVICES TO CHILDREN AND ADULTS THROUGHOUT THE NATION. MADONNA REHABILITATION HOSPITAL REHABILITATES THOSE WHO HAVE SUSTAINED INJURIES OR DISABLING CONDITIONS SO THEY CAN FULLY PARTICIPATE IN LIFE; LEADS RESEARCH TO IMPROVE OUTCOMES AND PREVENT PHYSICAL DISABILITIES; AND PROMOTE WELLNESS THROUGH COMMUNITY PROGRAMS.
ASSISTANCE TO CURRENT MADONNA RESIDENTS, PATIENTS AND EMPLOYEES WHO HAVE SUFFERED A PERSONAL EMERGENCY CAUSING INADEQUATE RESOURCES AND UNDUE HARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Glenn Vice President Of Developm | Officer | 40 | $198,695 |
James Fitch Chairperson | OfficerTrustee | 1 | $0 |
Paul Dongilli President & CEO | OfficerTrustee | 1 | $0 |
Kimberly Shirk Secretary | OfficerTrustee | 1 | $0 |
Adam Hayes Treasurer | OfficerTrustee | 1 | $0 |
Maria Lighthall Vice-Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,721,026 |
| Investment income | $2,313,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,482 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,128,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $158,570 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,695 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,148 |
| Pension plan accruals and contributions | $21,308 |
| Other employee benefits | $74,942 |
| Payroll taxes | $61,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $47,926 |
| Information technology | $18,868 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $263 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,164 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,346,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,192,324 |
| Accounts receivable, net | $1,367,895 |
| 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 | $21,432 |
| Investments—publicly traded securities | $13,934,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,521,000 |
| Total assets | $19,167,597 |
| Accounts payable and accrued expenses | $1,347,480 |
| 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 | $162,388 |
| Total liabilities | $1,509,868 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $17,657,729 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Madonna Foundation has recieved totaling $5,420.
| Awarding Organization | Amount |
|---|---|
Joseph R And Barbara A Gard Family Foundation Lincoln, NE PURPOSE: FOR RESEARCH AND THERAPY TECHNIQUES FOR PATIENTS. | $5,000 |
Donlan Foundation Wichita, KS PURPOSE: BUILDING FUND FOR MEDICAL ORGANIZATION | $420 |
Endowment Analysis
| Beg. Balance | $7,767,412 |
| Earnings | $2,704,091 |
| Admin Expense | -$36,153 |
| Net Contributions | $1,009,750 |
| Other Expense | -$316,003 |
| Ending Balance | $11,129,097 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waterstone Support Foundation Inc Colorado Springs, CO | $127,103,327 | $45,122,757 |
The Madonna Foundation Lincoln, NE | $19,167,597 | $7,128,390 |
1million Project Foundation Overland Park, KS | $8,054,178 | $5,845,168 |
Northeast Kansas Community Action Program Hiawatha, KS | $3,012,533 | $8,873,734 |
David And Molly Pyott Foundation Avon, CO | $9,634,209 | $3,719,915 |
Epicpromise Employee Foundation Broomfield, CO | $1,990,176 | $1,259,560 |
Nebraska Cultural Endowment Omaha, NE | $17,664,926 | $5,027,006 |
Coca Qalicb Inc Saint Louis, MO | $31,981,162 | $1,980,360 |
Nonprofit Connect Network Learn Grow Kansas City, MO | $2,501,951 | $1,465,132 |
Share Omaha Omaha, NE | $942,566 | $706,688 |
Denver Broncos Charities Englewood, CO | $723,574 | $805,055 |
Dodge City Community College Foundation Dodge City, KS | $10,849,019 | $1,050,601 |