Madison Parks Foundation Inc
- Assets
- $4.1m
- Revenue
- $921.6k
- Investments
- $331.4k
- Employees
- 2
- Location
- Madison, WI
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 33-1047992
Organization Overview
Madison Parks Foundation Inc is located in Madison, WI. The organization was established in 2003. According to its NTEE Classification (W24) the organization is classified as: Citizen Participation, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Madison Parks Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Parks 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 12/2022, Madison Parks Foundation Inc generated $921.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $813.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS THE NON-PROFIT PARTNER OF MADISON PARKS, WE HELP OUR COMMUNITY CONSERVE, PROMOTE, AND ENHANCE OUR PARKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PARK PROJECTS. HELPED WITH DEVELOPMENT OF VARIOUS PARKS AND RESTORATION AND RENEWAL OF PLAYGROUND EQUIPMENT.
IN 2022, MADISON PARKS FOUNDATION GRANTED 380 GOODMAN POOL ADMISSIONS SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Lokrantz President | OfficerTrustee | 1 | $0 |
Ty Beck Vice President | OfficerTrustee | 1 | $0 |
Julie Bogle Treasurer | OfficerTrustee | 1 | $0 |
Kyle Engelke Secretary | OfficerTrustee | 1 | $0 |
Catie Mcdonald Trustee | Trustee | 1 | $0 |
Jason Iverson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,666 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $893,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $921,956 |
| Total Program Service Revenue | $0 |
| Investment income | $56,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$58,661 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $921,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $474,148 |
| 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. | $91,027 |
| Compensation of current officers, directors, key employees. | $9,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $917 |
| Payroll taxes | $8,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $256 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,375 |
| Advertising and promotion | $1,775 |
| Office expenses | $3,793 |
| Information technology | $3,375 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,815 |
| 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 | $1,925 |
| All other expenses | $0 |
| Total functional expenses | $812,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,110 |
| Savings and temporary cash investments | $854,003 |
| Pledges and grants receivable | $74,658 |
| 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 | $1,305 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,785,269 |
| Investments—other securities | $331,379 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,055,724 |
| Accounts payable and accrued expenses | $693,211 |
| 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 | $693,211 |
| Net assets without donor restrictions | $1,979,130 |
| Net assets with donor restrictions | $1,383,383 |
| 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 | $4,055,724 |