Madrid Educational Endowment Foundation
- Assets
- $480.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madrid, IA
- Founding
- 09/1994
- Data as of
- 06/2022
- EIN
- 42-1350462
Organization Overview
Madrid Educational Endowment Foundation is located in Madrid, IA. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madrid Educational Endowment 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 06/2022, Madrid Educational Endowment Foundation generated $1.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $6.5k during the year ending 06/2022. 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
PROVIDED 12 SCHOLARSHIPS OF $500 EACH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rollin Cronk Treasurer | 3 | $0 | |
Marty Knox President | 0.1 | $0 | |
Mardi Peasley Secretary | 0.1 | $0 | |
Briann Polich Director | 0 | $0 | |
Peggy Nardini Director | 0 | $0 | |
Krista Dean Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $775 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $676 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,451 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $542 |
| Other expenses | $0 |
| Total expenses | $6,542 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $480,289 |
| Other assets | $0 |
| Total assets | $480,289 |
| Total liabilities | $0 |
| Net assets or fund balances | $480,289 |
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