Madden-Mallory Foundation

Organization Overview

Madden-Mallory Foundation is located in Luverne, IA. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madden-Mallory 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, Madden-Mallory Foundation generated $64.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $82.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Madden-Mallory Foundation has awarded 176 individual grants totaling $359,325. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP (SEE ATTACHED SCHEDULE FOR PART XV - LINE 3(A))


COMMUNITY BETTERMENT (SEE ATTACHED SCHEDULE FOR PART XV - LINE 3(A))


HANDICAP ASSISTANCE (SEE ATTACHED SCHEDULE FOR PART XV - LINE 3(A))


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $5,714
Dividends & Interest $30,932
Net Rental Income$22,916
Net Gain on Sale of Assets $1,656
Capital Gain Net Income $1,656
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $64,110

Grants Awarded

Over the last fiscal year, Madden-Mallory Foundation has awarded $68,875 in support to 40 organizations.

Grant RecipientAmount

LUVERNE BETTERMENT COMMITTEE

PURPOSE: GENERAL SUPPORT

$6,300

LUVERNE LIBRARY

PURPOSE: GENERAL SUPPORT

$6,000

UNITED METHODIST CHURCH

PURPOSE: GENERAL SUPPORT

$5,000

TAYLOR KRIEPS UNI

PURPOSE: SCHOLARSHIP

$4,850

ALYSSA YOKIMISHYN U OF IOWA

PURPOSE: SCHOLARSHIP

$3,000

GRACE BRAUN NORTHWESTERN

PURPOSE: SCHOLARSHIP

$3,000
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