Harold And Dorothy Madson Foundation
- Assets
- $1.3m
- Revenue
- $69.2k
- Investments
- $1.3m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 45-0450400
Organization Overview
Harold And Dorothy Madson Foundation is located in Omaha, NE. The organization was established in 1998. 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. Harold And Dorothy Madson 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, Harold And Dorothy Madson Foundation generated $69.2k 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 (9.8%) each year. All expenses for the organization totaled $319.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harold And Dorothy Madson Foundation has awarded 81 individual grants totaling $885,621. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy L Madson First Vice-Chair | 0.25 | $0 | |
Paul C Madson Trustee | 0.25 | $0 | |
Dina Conzemius Trustee | 0.25 | $0 | |
Susan Ann Westerholm Trustee | 0.25 | $0 | |
Jane M Mcdonald Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,344 |
| Capital Gain Net Income | $24,344 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,394 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,013 |
| Contributions, gifts, grants paid | $301,000 |
| Total expenses and disbursements | $319,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,787 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $605,666 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,316,109 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Harold And Dorothy Madson Foundation has awarded $301,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
COTS PURPOSE: SUPPORT FOR GENERAL OPERATIONS | $16,000 |
USPIRE ND PURPOSE: SUPPORT FOR GENERAL OPERATIONS | $10,000 |
FRAZER LTD PURPOSE: SUPPORT FOR GENERAL OPERATIONS | $17,500 |
FOOD BANK FOR THE HEARTLAND PURPOSE: SUPPORT FOR GENERAL OPERATIONS | $10,000 |
JEREMIAH PROGRAM FARGO PURPOSE: SUPPORT FOR GENERAL OPERATIONS | $12,500 |
BECKER COUNTY FOOD PANTRY PURPOSE: SUPPORT FOR GENERAL OPERATIONS | $2,000 |