Kiwanis Club Of Madison Foundation
- Assets
- $1.9m
- Revenue
- $74.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Monona, WI
- Founding
- 07/1963
- Data as of
- 12/2023
- EIN
- 39-6058644
Organization Overview
Kiwanis Club Of Madison Foundation is located in Monona, WI. The organization was established in 1963. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiwanis Club Of Madison 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 12/2023, Kiwanis Club Of Madison Foundation generated $74.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $108.1k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE THE IMPROVEMENT OF SOCIAL AND EDUCATIONAL OPPORTUNITIES FOR YOUTH, PROMOTE HIGHER APPRECIATION OF AMERICAN CITIZENSHIP,GRANT ASSISTANCE IN TIMES OF EMERGENCY FOR MORAL AND PHYSCIAL WELL BEING,COOPERATE WITH OTHER SOCIETIES IN EDUCATIONAL AND SOCIAL WORK BY RENDERING AID TO INDIVIDUALS AND GROUPS AND ENGAGE IN OTHER ACTIVITIES AS MAY BE INCIDENTAL TO THE CHARTIABLE PURPOSES OF THE CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FUNDS SIX STANDING COMMITTIEES OF THE CLUB IT SUPPORTS. THESE COMMITTIEES TO A LARGE EXTENT SERVE OUR AREA YOUTH BY PROVIDING SCHOLARSHIPS, CLASSROOM ASSISTANCE AND MANY OTHER SERVICES. THE CLUB AWARDED TWO $2,500 GRANTS TO NON PROFITS PROVIDING COMMUNITY GOOD. THREE $1,500 SCHOLARSHIPS WERE AWARDED TO NEEDY HIGH SCHOOL SENIORS. A SPONSOR YOUTH COMMITTEE SUPPORTS A SERVICE CLUB ON THE MADISON UNIVERSITY CAMPUS THAT PROVIDES SERVICE FOR TO THE NEEDY IN DANE COUNTY. A COMMITTEE OF THE CLUB PROVIDES FINANCIAL SUPPORT TO THE AGRICULTURAL COMMUNITY AND IS CONCERNED WITH ENVIRONMENTAL MATTERS. HUMAN AND SPIRITUAL VALUES AND INTERNATIONAL RELATIONS HAVE BUDGETS TO HELP NEEDY PEOPLE IN OUR LOCAL COMMUNITY AND ON AN INTERNATIONAL BASIS. IN SUMMARY, THE SIX COMMITTEES PROVED SUPPORT TO HUNDERS OF YOUTH AND NEEDY INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Dollard Director | Trustee | 0 | $0 |
Ed Young Director | Trustee | 0 | $0 |
David Weller Director | Trustee | 0 | $0 |
Tom Smith Director | Trustee | 0 | $0 |
Mike Ely Director | Trustee | 0 | $0 |
Bill Schultz Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,807 |
| Total Program Service Revenue | $0 |
| Investment income | $41,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,370 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,448 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $560 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,441 |
| Fees for services: Other | $25 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $108,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,850 |
| Savings and temporary cash investments | $27,613 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,890,301 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,934,764 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,381,871 |
| Net assets with donor restrictions | $552,893 |
| 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 | $1,934,764 |