Madison Visionary Partners
- Assets
- $287.6k
- Revenue
- $339.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Madison, AL
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-1676220
Organization Overview
Madison Visionary Partners is located in Madison, AL. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Madison Visionary Partners employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Visionary Partners 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 12/2023, Madison Visionary Partners generated $339.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $641.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER TO ENRICH THE QUALITY OF LIFE IN THE CITY OF MADISON, AL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIDS KINGDOM PARK RENOVATION - A PROJECT TO COLLECT DONATIONS FROM THE LOCAL COMMUNITY AND RENOVATE THE EXISTING PUBLIC PLAYGROUND THAT IS OVER 25 YEARS OLD, ADDING NEW EQUIPMENT TO MAKE IT UNIVERSALLY "INCLUSIVE" FOR CHILDREN OF ALL ABILITIES TO PLAY, LEARN, AND GROW TOGETHER. IN 2023, AFTER EXPENSES AND FEES, ALL REMAINING FUNDS WERE GRANTED TO THE CITY OF MADISON FOR THE REMAINING RENOVATIONS THAT THE CITY WOULD CONTRACT TO COMPLETE. AT THE END OF 2023, MVP DID NOT HAVE ANY REMAINING DONOR RESTRICTED FUNDS FOR THIS PROJECT.
COMMUNITY GRANTS; MURAL TRAIL; SPLASH PAD; MIRACLE LEAGUE FIELD; ARTS ALLIANCE; SHOPPES
HOME PLACE PARK RENOVATION - A PROJECT PARTNERING WITH LOCAL BUSINESSES AND ORGANIZATIONS TO COLLECT DONATIONS, RENOVATE THE EXISTING PUBLIC PARK, AND ADD A PERFORMANCE PAVILION AND AMPHITHEATER STYLE SEATING FOR COMMUNITY CONCERTS & PERFORMANCES. IN 2023, UPON PROJECT COMPLETION, AFTER PROJECT EXPENSES AND FEES, ALL REMAINING FUNDS WERE GRNATED TO THE CITY OF MADISON. AT THE END OF 2023, MVP DID NOT HAVE REMAINING DONOR RESTRICTED FUNDS FOR THIS PROJECT.
MADISON COMMUNITY CENTER CAMPAIGN - A PROJECT TO COLLECT DONATIONS FROM THE LOCAL COMMUNITY TO HELP FUND THE TRANSFORMATION OF THE BUILDING FORMERLY KNOWN AS THREE SPRINGS INTO THE MADISON COMMUNITY CENTER, A 34,000 SQUARE FOOT CENTER FOR INTERGENERATIONAL LEARNING THAT WILL ALSO FEATURE OUTDOOR RECREATIONAL SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Thornton Executive Director | Trustee | 40 | $49,410 |
Johna Brazeal Board Member | Trustee | 1 | $0 |
M Troy Bye Board Member | Trustee | 1 | $0 |
Mecca Musick Board Member | Trustee | 1 | $0 |
Beth Sippel Board Member | Trustee | 1 | $0 |
Jeff Showalter Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,376 |
| Total Program Service Revenue | $0 |
| Investment income | $250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,118 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $339,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $523,370 |
| 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. | $49,410 |
| Compensation of current officers, directors, key employees. | $49,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,676 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $812 |
| Advertising and promotion | $9,237 |
| Office expenses | $546 |
| Information technology | $2,720 |
| Royalties | $0 |
| Occupancy | $1,188 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,769 |
| All other expenses | $0 |
| Total functional expenses | $641,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,562 |
| 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 | $287,562 |
| 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 | $1,988 |
| Total liabilities | $1,988 |
| Net assets without donor restrictions | $128,026 |
| Net assets with donor restrictions | $157,548 |
| 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 | $287,562 |
Grants Awarded
Over the last fiscal year, Madison Visionary Partners has awarded $523,370 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF MADISON PURPOSE: RENOVATIONS TO THE EXISTING PUBLIC PARKS KIDS KINDGOM PARK & HOMEPLACE PARK, ADDING NEW EQUIPMENT TO MAKE IT UNIVERSALLY INCLUSIVE FOR CHILDREN OF MADISON OF ALL ABILITIES TO PLAY, LEARN, AND GROW TOGETHER. ADDED A PERFORMANCE PAVILION AND AMPHITHEATER STYLE SEATING FOR THE CITIZENS OF MADISON TO HAVE COMMUNITY CONCERTS & PERFORMANCES. | $508,370 |
MADISON CITY SCHOOLS PURPOSE: SNACK FUND - COLLECT DONATIONS FROM THE LOCAL COMMUNITY TO HELP FUND A FOOD INITIATIVE FOR LOCAL MADISON CITY SCHOOL CHILDREN | $2,500 |
EWE FOUNDATION PURPOSE: THE ZEBRA PROJECT - A YOUTH MENTAL HEALTH FIRST AID TRAINING CLASS AT MADISON CITY SCHOOLS. THE YOUTH MENTAL HEALTH FIRST AID TRAINING IS FOR ADULTS WHO REGULARLY INTERACT WITH ADOLESCENTS. | $1,250 |
FANTASY PLAYHOUSE CHILDRENS THEATER PURPOSE: FOR MADISON CITY SCHOOLS PUPPETRY WORKSHOP AT BOB JONES HIGH SCHOOL THEATRE, AFTER-SCHOOL THEATRE PROGRAMS, AND SUMMER CAMP AT BOB JONES HIGH SCHOOL. | $2,500 |
HUNTSVILLE HOSPITAL FOUNDATION PURPOSE: FUND CAR SEAT SAFETY PROGRAM FOR MADISON HOSPITAL. FREE CAR SEAT STATIONS FOR COMMUNITY MEMBERS, WHICH INCLUDES CERTIFIED TECHNICIANS TO CHECK PROPER CARSEAT INSTALLATION AND PROVIDE EDUCATION IN PROPER CAR SEAT BELTING AND POSITIONING. | $2,500 |
HUNTSVILLE-MADISON COUNTY LIBRARY FOUNDATION PURPOSE: TO PURCHASE AN INSTRUMENT FOR CHILDRENS MUSIC GARDEN. THE MUSIC GARDEN AT THE LIBRARY IS USED FOR STRUCTURED AND SPONTANEOUS MUSICAL EVENTS FOR THE CITIZENS OF MADISON INCLUDING STORY TIME, INSTRUCTIONAL CLASSES, PERFORMANCES AND RELAXATION. | $2,500 |