Madison Education Foundation Inc
- Assets
- $153.9k
- Revenue
- $99.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, NJ
- Founding
- 05/2003
- Data as of
- 06/2022
- EIN
- 43-2001702
Organization Overview
Madison Education Foundation Inc is located in Madison, NJ. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Education Foundation Inc 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, Madison Education Foundation Inc generated $99.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $76.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Madison Education Foundation Inc has awarded 39 individual grants totaling $653,979. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MADISON EDUCATION FOUNDATION WAS FORMED TO (I) ENCHANCE AND EXPAND EDUCATIONAL ENRICHMENT OPPORTUNITIES FOR ALL STUDENTS IN THE MADISON PUBLIC SCHOOL DISTRICT AND (II) SUPPORT LONG RANGE FLEXIBILITY FOR DISTRICT SCHOOLS BY ENCOURAGING COMMUNITY-WIDE PARTICIPATION AND PHILANTROPY FOR EDUCATIONAL INITIATIVES. THE FOUNDATIONS'S MISSION IS TO CONTRIBUTE TO EDUCATIONAL INNOVATION BY FUNDING IDEAS PROPOSED BY FACULTY AND STAFF THAT ARE DESIGNED TO PROVIDE STUDENTS WITH KNOLEDGE AND SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ED TECH TOOLS FOR GRADES K - 12 TO SUPPORT HYBRID LEARNING, DIVERSITY AWARENESS AND ADDITIONAL TECHNOLOGICAL OPPORTUNITES, SUCH AS: FM SYSTEMS, WEB CAMERAS, CLASSROOM MICROPHONE, MULTILE EDUCATION PLATFORM, A WIDE RANGE OF INCLUSION BOOKS AND LARGE VOLUME 3D PRINTER
JUNIOR SCHOOL - FUNDED FACULTY AND STAFF PROGRAMS RELATED TO SCHOOL'S BASIC CURRICULUM, THE ARTS, SCIENCES & TECHNOLOGY. DONATIONS INCLUDES: DRONES TO ENHANCE THE ROBOTICS AND IPROGRAMMING CURRICULUM, WORKSHOPS AND ASSEMBLIES FOR ENGLISH AND LANGUAGE DEVELOPMENT, SWANK SUBSCRIPTION SERVICE, HEADPHONES AND GUIDED WALKING TOURS FOR HISTORICAL FINCTION CREATIVE WRITING.
HIGH SCHOOL - FUNDED FACULTY AND STAFF PROGRAMS RELATED TO SCHOOLS BASIC CURRICULUM, THE ARTS, SCIENCES AND TECHNOLOGY. DONATIONS INCLUDES: MAUS BOOK GRANT, SWANK SUBSCRIPTION SERVICE FOR FILMS IN CLASSROOMS,DIGITAL DRAWING TABLETS, EXHIBITS AND CLASS TRIPS TO PROMOTE LITERATURE.
DISTRICT WIDE SCHOOL GRANT - BOOKS FOR ENGLISH LANGUAGE LEARNERS TO WRITE, EDIT, DRAFT AND PUBLISH BILINGUAL BOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlena Fass Co-President | Officer | 5 | $0 |
Marie-France Greer Treasurer | Officer | 5 | $0 |
Jen Gregory President | Officer | 5 | $0 |
Mindy Chase Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,268 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,069 |
| Total Program Service Revenue | $0 |
| Investment income | $65 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,952 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,347 |
| 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 | $1,299 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $687 |
| Information technology | $4,800 |
| 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 | $653 |
| All other expenses | $0 |
| Total functional expenses | $76,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,850 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $153,850 |
| 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 | $153,850 |
| Net assets with donor restrictions | $0 |
| 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 | $153,850 |
Grants Awarded
Over the last fiscal year, Madison Education Foundation Inc has awarded $63,370 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MADISON JUNIOR SCHOOL PURPOSE: TO FUND PROGRAMS AND PURCHASE EQUIPMENTS THAT WILL ENRICH THE JUNIOR SCHOOL'S EDUCATION IN SCIENCE, TECHNOLOGY, ART, MATHEMATICS, ENGLISH, HUMANITIES, WORLD LANGUAGE AS WELL AS FOR GENERAL, SOCIAL AND EMOTIONAL HEALTH. | $19,068 |
Madison, NJ PURPOSE: TO FUND PROGRAMS & TRIPS AS WELL AS PURCHASE TOOLS & EQUIPMENTS THAT WILL ENHANCE CHILDREN'S EDUCATION IN THE SCIENCES, MATH, ART, ENLISH, LANGUAGE ARTS, PHYSICAL EDUCATION AND SOCIAL & EMOTIONAL DEVELOPMENT. | $17,459 |
MADISON HIGH SCHOOL PURPOSE: TO PROVIDE EQUIPMENT AND PROGRAMS THAT WILL ENHANCE THE MATH & SCIENCES, ENGLISH/LANGUAGE ARTS, PYSICAL EDUCATION AND ARTS, MUSIC & CULTURAL EDUCATION IN THE MADISON HIGH SCHOOL. | $14,882 |
TOREY J SABATINI SCHOOL PURPOSE: TO FUND PROGRAMS & TRIPS AS WELL AS PURCHASE TOOLS & EQUIPMENTS THAT WILL ENHANCE CHILDREN'S EDUCATION IN THE SCIENCES, MATH, ARTS, ENLISH, LANGUAGE ARTS, PHYSICAL EDUCATION AND SOCIAL & EMOTIONAL DEVELOPMENT. | $11,961 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Madison Education Foundation Inc has recieved totaling $51,391.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $44,905 |
Smart Family Foundation Of New York New Rochelle, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Clifton B Batchelder And Anne Stuart Batchelder Foundation Omaha, NE PURPOSE: UNRESTRICTED GRANT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $319 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 11/03/21 | $100 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University At Albany Foundation Albany, NY | $129,210,800 | $17,198,773 |
Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
New Jersey Institute Of Technology Foundation Newark, NJ | $177,817,526 | $21,630,945 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Doctors Center Management Corporation Oceanport, NJ | $41,567 | $8,892,194 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Delaware State University Foundation Inc Dover, DE | $37,335,368 | $19,092,791 |
Friends Of Team Academy Charter School A New Jersey Non-Profit Org Newark, NJ | $241,241,974 | $11,734,420 |
Montclair State University Foundation Inc Montclair, NJ | $109,561,235 | $13,284,004 |
Isaac Newton Foundation Inc Philadelphia, PA | $139,547,072 | $8,902,357 |
Annenberg School For Communication Tr At The University Of Pa Philadelphia, PA | $121,203,086 | $8,507,152 |