Madeira Fund Inc
- Assets
- $0.0
- Revenue
- $666.0k
- Investments
- $2.7m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 46-1584806
Organization Overview
Madeira Fund Inc is located in Indianapolis, IN. The organization was established in 2015. 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. Madeira Fund 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, Madeira Fund Inc generated $666.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.8% each year . All expenses for the organization totaled $96.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Madeira Fund Inc has awarded 91 individual grants totaling $459,550. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOES NOT DIRECTLY PARTICIPATE IN CHARITABLE ACTIVITIES. THE ACTIVITIES OF THE DIRECTORS ARE LIMITED TO ADMINISTRATION OF GRANTS TO QUALIFIED UNRELATED 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel B Sutphin II Sec/treas | 1 | $0 | |
Carol E Dinneen President | 1 | $0 | |
Samuel Bernarde Sutphin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $508,769 |
| Interest on Savings | $72,053 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $665,965 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $19,624 |
| Contributions, gifts, grants paid | $77,000 |
| Total expenses and disbursements | $96,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,091 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,722,672 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Madeira Fund Inc has awarded $77,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA FOREST ALLIANCE INC PURPOSE: UNESTRICTED | $2,000 |
ORCHARD SCHOOL FOUNDATION INC PURPOSE: UNRESTRICTED | $2,000 |
CENTRAL INDIANA COMMUNITY FOUNDATION PURPOSE: BEN FRANKLIN FUND | $1,000 |
CENTRAL INDIANA LAND TRUST PURPOSE: UNRESTRICTED | $1,000 |
HERRON SCHOOL OF ART PURPOSE: UNRESTRICTED | $1,000 |
CHRISTIAN UNITY MISSIONARY BAPTIST CHURC PURPOSE: UNRESTRICTED | $2,500 |