Madison Community Foundation
- Assets
- $272.4m
- Revenue
- $36.9m
- Investments
- $228.1m
- Employees
- 17
- Location
- Madison, WI
- Founding
- 05/1995
- Data as of
- 12/2022
- 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 12/2022, Madison Community Foundation employed 17 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 12/2022, Madison Community Foundation generated $36.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $17.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Madison Community Foundation has awarded 3,304 individual grants totaling $83,706,925. 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
2022
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.34 NEW FUNDS WERE CREATED IN 2022; 1,235 FUNDS WERE HELD AT THE END OF 20222,931 CONTRIBUTIONS WERE RECEIVED FROM 1,284 DONORSANNUALIZED INVESTMENT RETURN, NET OF FEES, AS OF 12/31/22 WAS: -8.7% (1YR); 5.6% (3YRS); 6.5% (5YRS); 7.5% (10YRS) PERCENTILE RANKING IN INVESTMENT SURVEY OF PEER COMMUNITY FOUNDATIONS WAS: 100% (1YR); 94% (3YRS); 94% (5YRS); 91% (7YRS)1,904 GRANTS WERE DISTRIBUTED68% OF GRANTS WERE DISTRIBUTED TO ORGANIZATIONS IN DANE COUNTY, 17% TO ORGANIZATIONS IN OTHER WISCONSIN COUNTIES, 15% TO ORGANIZATIONS IN OTHER STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Gassman Board Chair | OfficerTrustee | 1.5 | $0 |
Christine Barden Vice Chair | OfficerTrustee | 1 | $0 |
Gary Mecklenburg Treasurer | OfficerTrustee | 1 | $0 |
Al Friedman Board Member | Trustee | 0.5 | $0 |
Anna Burish Board Member (as Of 02/2022) | Trustee | 0.5 | $0 |
Anne Lucke Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $567,622 |
| Government grants | $83,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,070,213 |
| Noncash contributions included in lines 1a–1f | $11,250,428 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,721,083 |
| Total Program Service Revenue | $0 |
| Investment income | $5,593,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,714,570 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,932,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,978,516 |
| Grants and other assistance to domestic individuals. | $183,785 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $771,588 |
| Compensation of current officers, directors, key employees. | $308,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $678,108 |
| Pension plan accruals and contributions | $33,992 |
| Other employee benefits | $115,962 |
| Payroll taxes | $94,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,596 |
| Fees for services: Accounting | $49,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $322,221 |
| Fees for services: Other | $47,309 |
| Advertising and promotion | $39,201 |
| Office expenses | $59,610 |
| Information technology | $72,774 |
| Royalties | $0 |
| Occupancy | $133,330 |
| Travel | $5,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,510 |
| Insurance | $9,395 |
| All other expenses | $0 |
| Total functional expenses | $17,888,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,567 |
| Savings and temporary cash investments | $24,541,539 |
| Pledges and grants receivable | $1,706,617 |
| Accounts receivable, net | $438,326 |
| 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 | $32,738 |
| Net Land, buildings, and equipment | $185,522 |
| Investments—publicly traded securities | $16,311,040 |
| Investments—other securities | $228,125,695 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $609,247 |
| Total assets | $272,378,291 |
| Accounts payable and accrued expenses | $216,827 |
| Grants payable | $884,150 |
| 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 | $33,783,596 |
| Total liabilities | $34,884,573 |
| Net assets without donor restrictions | $237,000,390 |
| Net assets with donor restrictions | $493,328 |
| 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 | $272,378,291 |
Grants Awarded
Over the last fiscal year, Madison Community Foundation has awarded $13,487,772 in support to 360 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS COMMUNITY HEALTH CENTERS PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
AGRACE FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $22,009 |
AGRACE FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
AGRACE HOSPICE & PALLIATIVE CARE PURPOSE: GENERAL CHARITABLE PURPOSES | $18,826 |
ALDO LEOPOLD FOUNDATION INC PURPOSE: FUTURE LEADERS CENTER | $15,776 |
ALDO LEOPOLD NATURE CENTER PURPOSE: NATURE NET: THE ENVIRONMENTAL LEARNING NETWORK | $65,000 |