Jason Madachy Foundation
- Assets
- $183.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Painesville, OH
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 39-2070920
Organization Overview
Jason Madachy Foundation is located in Painesville, OH. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jason Madachy 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 12/2022, Jason Madachy Foundation generated $2.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (29.0%) each year. All expenses for the organization totaled $2.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (29.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EDUCATION SCHOLARSHIP ASSISTANCE AND AID TO FIRSTYEAR MEDICAL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Molzan Board Member | 0.5 | $0 | |
Josh Marks Executive Director | 0.13 | $0 | |
Rich Fellenstein Board Member | 0.13 | $0 | |
Jeremy Moore Board Member | 0.13 | $0 | |
Joseph R Madachy President | 1 | $0 | |
Shaun Hardon Board Member | 0.13 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,173 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $744 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,917 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,128 |
| Total expenses | $2,478 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $182,083 |
| Other assets | $0 |
| Total assets | $183,213 |
| Total liabilities | $0 |
| Net assets or fund balances | $183,213 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jason Madachy Foundation has recieved totaling $473.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $473 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
Van Wert County Foundation Van Wert, OH | $84,063,134 | $5,243,606 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Carrol W Hirsch Ta Brooklyn, OH | $78 | $994,416 |
Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
Indianapolis Public Schools Education Foundation Inc Indianapolis, IN | $8,991,095 | $5,839,882 |
Sme Education Foundation Southfield, MI | $34,257,056 | $11,054,523 |
Activities Beyond The Classroom Cincinnati, OH | $2,008,297 | $4,001,675 |
Community College Of Philadelphia Foundation Philadelphia, PA | $17,835,018 | $4,924,395 |
West Michigan Aviation Academy Foundation Grand Rapids, MI | $2,682,990 | $2,348,565 |