Madison Foundation Inc
- Assets
- $409.5k
- Revenue
- $23.7k
- Investments
- $371.3k
- Employees
- 0
- Location
- Madison, NE
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 47-6202126
Organization Overview
Madison Foundation Inc is located in Madison, NE. The organization was established in 1998. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Madison 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 12/2022, Madison Foundation Inc generated $23.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $24.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASHBURN ENDOWMENT - FUNDING FOR SCIENCE PROJECT AND ART BUILDING
TRINITY METHODIST CHURCH - FUNDING FOR CONSTRUCTION AND MAINTENANCE
MADISON LIBRARY FOUNDATION - CAPITAL OUTLAY FOR LIBRARY
UNIVRSITY OF NEBRASKA - FUNDING FOR COLLEGE OF LAW SCHOLARSHIPS, FACILITIES, SUPPORT & RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Moyer Secretary | 1 | $2,900 | |
Jon Moyer Treasurer | 5 | $4,400 | |
Ann Long President | 1 | $2,900 | |
Michael Moyer Director | 0 | $700 | |
Robert Marks Director | 0 | $700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $48 |
| Dividends & Interest | $23,648 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,980 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $23,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,262 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $409,539 |
| 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, Madison Foundation Inc has awarded $12,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY METHODIST CHURCH PURPOSE: CONSTRUCTION & MAINTENANCE | $3,000 |
MADISON LIBRARY FOUNDATION PURPOSE: CAPITAL OUTLAY FOR LIBRARY | $3,000 |
WASHBURN ENDOWMENT PURPOSE: ART BUILDING | $3,000 |
MADISON PUBLIC SCHOOL PURPOSE: DRAMA & ENGLISH | $1,000 |
UNL-COLLEGE OF LAW PURPOSE: SCHOLARSHIPS, FACILITIES, SUPPORT | $2,000 |