Madison Community Foundation
- Assets
- $285.6m
- Revenue
- $40.2m
- Investments
- $240.5m
- Employees
- 15
- Location
- Madison, WI
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 39-6038248
Organization Overview
Madison Community Foundation is located in Madison, WI. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Madison Community Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Community 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 12/2021, Madison Community Foundation generated $40.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $33.6m during the year ending 12/2021. While expenses have increased by 17.5% per year over the past 7 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 2019, Madison Community Foundation has awarded 2,944 individual grants totaling $70,219,153. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MADISON COMMUNITY FOUNDATION STEWARDS LOCAL, CHARITABLE FUNDS FOR INDIVIDUALS, NONPROFITS AND BUSINESS. WITH ITS LOCAL KNOWLEDGE AND ASSETS, MCF INSPIRES GIVING, SUPPORTS MEANINGFUL INITIATIVES AND CONNECTS PEOPLE FOR THE COMMON GOOD.
Describe the Organization's Program Activity:
CREATION OF PERMANENT CHARITABLE FUNDS, ADMINISTRATION AND INVESTMENT OF THOSE FUNDS, AND GRANTS TO CHARITABLE ORGANIZATIONS, PRIMARILY IN THE AREA OF DANE COUNTY, WISCONSIN. GRANTS ARE MADE BOTH THROUGH A COMPETITIVE PROPOSAL PROCESS AND IN RESPONSE TO RECOMMENDATIONS FROM DONOR FUNDHOLDERS.33 NEW FUNDS WERE CREATED IN 2021; 1,206 FUNDS WERE HELD AT THE END OF 20213,450 CONTRIBUTIONS WERE RECEIVED FROM 1,743 DONORSANNUALIZED INVESTMENT RETURN, NET OF FEES, AS OF 12/31/21 WAS: 20.0% (1YR); 14.9% (3YRS); 12.2% (5YRS); 9.06% (10YRS) PERCENTILE RANKING IN INVESTMENT SURVEY OF PEER COMMUNITY FOUNDATIONS WAS: 81% (1YR); 20% (3YRS); 77% (5YRS); 74% (7YRS) 2,110 GRANTS WERE DISTRIBUTED71% OF GRANTS WERE DISTRIBUTED TO ORGANIZATIONS IN DANE COUNTY, 15% TO ORGANIZATIONS IN OTHER WISCONSIN COUNTIES, 14% TO ORGANIZATIONS IN OTHER STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Sorge President/ceo | Officer | 40 | $201,189 |
Tom Linfield VP Community Impact | Officer | 40 | $131,584 |
David Koehler VP Donor Engagement | Officer | 40 | $131,047 |
Carmen Jeschke VP Finance & Operations | Officer | 40 | $115,594 |
Name Not Listed Services, Custodian | 5 | $61,251 | |
Enid Glenn Immediate Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $220,020 |
| Government grants | $5,221,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,883,785 |
| Noncash contributions included in lines 1a–1f | $5,340,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,325,311 |
| Total Program Service Revenue | $0 |
| Investment income | $6,933,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,701,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,248,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,773,601 |
| Grants and other assistance to domestic individuals. | $170,743 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $725,079 |
| Compensation of current officers, directors, key employees. | $279,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $573,825 |
| Pension plan accruals and contributions | $33,653 |
| Other employee benefits | $95,170 |
| Payroll taxes | $84,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,898 |
| Fees for services: Accounting | $51,841 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $440,699 |
| Fees for services: Other | $30,895 |
| Advertising and promotion | $37,341 |
| Office expenses | $122,936 |
| Information technology | $68,116 |
| Royalties | $0 |
| Occupancy | $122,257 |
| Travel | $2,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,066 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,687 |
| Insurance | $9,394 |
| All other expenses | $0 |
| Total functional expenses | $33,568,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $534,885 |
| Savings and temporary cash investments | $24,125,926 |
| Pledges and grants receivable | $1,709,102 |
| Accounts receivable, net | $394,453 |
| 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 | $26,197 |
| Net Land, buildings, and equipment | $261,277 |
| Investments—publicly traded securities | $17,317,885 |
| Investments—other securities | $240,548,235 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $710,759 |
| Total assets | $285,628,719 |
| Accounts payable and accrued expenses | $232,580 |
| Grants payable | $1,396,650 |
| 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 | $34,439,069 |
| Total liabilities | $36,068,299 |
| Net assets without donor restrictions | $248,984,570 |
| Net assets with donor restrictions | $575,850 |
| 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 | $285,628,719 |
Grants Awarded
Over the last fiscal year, Madison Community Foundation has awarded $27,941,581 in support to 441 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: CAPITAL CAMPAIGN CONSTRUCTION COSTS | $2,500,000 |
Madison, WI PURPOSE: CONSTRUCTION COSTS | $2,500,000 |
Madison, WI PURPOSE: CONSTRUCTION & OPERATING COSTS | $2,500,000 |
Madison, WI PURPOSE: CONSTRUCTION COSTS | $2,227,923 |
Erie, PA PURPOSE: MATCHING FUNDS FOR WATER IN AFRICA | $1,155,000 |
Madison, WI PURPOSE: BUILIDING CONSTRUCTION | $750,000 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Madison Community Foundation has recieved totaling $1,054,685.
| Awarding Organization | Amount |
|---|---|
University Of Wisconsin Credit Union Madison, WI PURPOSE: COMMUNITY OUTREACH | $500,000 |
Terry Family Foundation Inc Madison, WI PURPOSE: GENERAL SUPPORT | $236,597 |
Lau & Bea Christensen Charitable Foundation Madison, WI PURPOSE: DONATION | $50,000 |
Oscar Rennebohm Foundation Madison, WI PURPOSE: COUNSELING | $50,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $49,410 |
Phoebe R And John D Lewis Foundation Glendale, WI PURPOSE: PLANNED PARENTHOOD, PORCHLIGHT FUND | $40,000 |
Endowment Analysis
| Beg. Balance | $212,792,260 |
| Earnings | $40,432,905 |
| Admin Expense | $2,450,640 |
| Net Contributions | $5,113,342 |
| Grants | $6,432,504 |
| Ending Balance | $249,755,363 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minneapolis Foundation Minneapolis, MN | $763,755,990 | $141,518,502 |
Mount Sinai Community Foundation Chicago, IL | $11,409,546 | $72,991,931 |
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |