Madison Charitable Foundation Inc
- Assets
- $4.7m
- Revenue
- $1.8m
- Investments
- $3.6m
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-1147137
Organization Overview
Madison Charitable Foundation Inc is located in Richmond, TX. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Madison Charitable 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, Madison Charitable Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Madison Charitable Foundation Inc has awarded 754 individual grants totaling $27,442,298. 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 |
|---|---|---|---|
Wiley Hatcher Director | 1 | $0 | |
James O Carpenter Director | 1 | $0 | |
Lorinda Beth Madison Director | 1 | $0 | |
Norma M Petrosewicz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44 |
| Dividends & Interest | $195,630 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,584,315 |
| Capital Gain Net Income | $1,584,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,779,989 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $85,318 |
| Contributions, gifts, grants paid | $1,961,064 |
| Total expenses and disbursements | $2,046,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,922 |
| Savings and temporary cash investments | $845,551 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,652,464 |
| 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, Madison Charitable Foundation Inc has awarded $1,961,064 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
Clemson, SC PURPOSE: CAPITAL CAMPAIGN | $250,000 |
Houston, TX PURPOSE: HELP PROVIDE FUNDING FOR THE HOUSTON PERFORMING ARTS | $154,300 |
BETHEL MINISTRY PURPOSE: KID ACTIVITY FUNDS & BUILDING FUNDS | $150,000 |
Houston, TX PURPOSE: EDUCATIONAL PROGRAMS | $110,000 |
BLAIR BASTON HOSPITAL FOR CHILDREN PURPOSE: CHILDRENS HOSPITAL OPERATING BUDGET | $100,000 |
Houston, TX PURPOSE: GRANT TO FUND SCHOLARSHIPS | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |