James Madison Education Fund Inc
- Assets
- $21.6m
- Revenue
- $808.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 52-1906471
Organization Overview
James Madison Education Fund Inc is located in Alexandria, VA. The organization was established in 1995. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James Madison Education 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 12/2021, James Madison Education Fund Inc generated $808.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $576.6k during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE PURPOSES AND ACTIVITIES OF THE JAMES MADISON MEMORIAL FELLOWSHIP FOUNDATION.(CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER INSTITUTE AND FELLOW SUPPORT: AS PART OF THE JAMES MADISON FELLOWSHIP PROGRAM, EACH FELLOW ATTENDS THE FOUR-WEEK SUMMER INSTITUTE ON THE CONSTITUTION HELD IN JULY IN WASHINGTON, DC. FELLOWS ATTEND THE INSTITUTE AT GEORGETOWN UNIVERSITY AFTER THEY HAVE MATRICULATED IN A GRADUATE PROGRAM AND COMMENCED COURSEWORK. THE ACADEMIC FOCUS OF THE INSTITUTE IS A GRADUATE COURSE ENTITLED, THE FOUNDATIONS OF AMERICAN CONSTITUTIONALISM. TAUGHT BY CONSTITUTIONAL SCHOLARS, THIS COURSE IS A STUDY OF THE PRINCIPLES, FRAMING, RATIFICATION AND IMPLEMENTATION OF CONSTITUTIONAL GOVERNMENT IN THE UNITED STATES. ONE OF THE INFORMAL BENEFITS OF ATTENDING THE INSTITUTE IS THE OPPORTUNITY FOR INTERACTION WITH A WIDE RANGE OF INDIVIDUALS WHOSE VARIED INTERESTS CAN LEAD TO ENDURING FRIENDSHIPS AND PROFESSIONAL ASSOCIATIONS.
CONSTITUTIONAL CONVERSATIONS VIDEO SERIES: TO FULFILL THE FOUNDATIONS MISSION TO PROVIDE RESOURCES FOR ALL TEACHERS ABOUT THE CONSTITUTION, THE FOUNDATION HAS EMBARKED ON A MULTI-YEAR VIDEO PROJECT, CONSTITUTIONAL CONVERSATIONS: TWENTY-MINUTE DISCUSSIONS ABOUT THE PRINCIPLES, FRAMING, RATIFICATION, AND IMPLEMENTATION OF AMERICAN CONSTITUTIONAL GOVERNMENT. AVAILABLE ON THE FOUNDATIONS YOUTUBE CHANNEL, VIMEO AND TEACHER TUBE, THE VIDEOS ARE DESIGNED FOR ADULT LEARNERS AS WELL AS ADVANCED HIGH SCHOOL STUDENTS. EACH VIDEO IS DIVIDED INTO SEVERAL SHORTER SEGMENTS FOR EASY INTEGRATION INTO A TYPICAL CLASS PERIOD.
TEACHER OUTREACH: THE ANNUAL JAMES MADISON LECTURE IS HELD EACH JULY AND BRINGS OUTSTANDING SCHOLARS OF THE AMERICAN CONSTITUTION TO WASHINGTON, DC TO ADDRESS THE SUMMER INSTITUTE PARTICIPANTS. THE SYMPOSIUM IS ALSO THE ANNUAL ALUMNAE GATHERING FOR ALL JAMES MADISON FELLOWS, AND THE EVENT IS OPEN TO THE PUBLIC. A RECEPTION FOLLOWS THE PRESENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clare Iglesias Treasurer | OfficerTrustee | 10 | $12,667 |
Paul A Yost Jr President | OfficerTrustee | 1 | $0 |
Lewis F Larsen Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,007 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,029 |
| Total Program Service Revenue | $0 |
| Investment income | $441,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $200,249 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $808,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $232,396 |
| 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. | $12,667 |
| Compensation of current officers, directors, key employees. | $1,267 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $87,690 |
| Fees for services: Other | $95,881 |
| Advertising and promotion | $175 |
| Office expenses | $13,748 |
| Information technology | $0 |
| 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 | $11,188 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,911 |
| Insurance | $8,174 |
| All other expenses | $9,939 |
| Total functional expenses | $576,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,540 |
| 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 | $6,792 |
| Net Land, buildings, and equipment | $2,171,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $19,300,499 |
| Intangible assets | $0 |
| Other assets | $2,009 |
| Total assets | $21,608,626 |
| Accounts payable and accrued expenses | $3,841 |
| 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 | $2,667 |
| Total liabilities | $6,508 |
| Net assets without donor restrictions | $21,426,677 |
| Net assets with donor restrictions | $175,441 |
| 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 | $21,608,626 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that James Madison Education Fund Inc has recieved totaling $62,196.
| Awarding Organization | Amount |
|---|---|
Fairleigh S Dickinson Jr Foundation Inc Delray Beach, FL PURPOSE: SUPPORT THE 2022 FREDERICK DOUGLASS - JAMES MADISON FELLOWSHIP PROGRAM | $24,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $24,000 |
Tracy H Dickinson Foundation Inc Delray Beach, FL PURPOSE: SUPPORT OF A 2023 ADMIRAL PAUL A. YOST, JR. - JAMES MADISON FELLOWSHIP. | $12,000 |
Colegato Foundation Tr Lincolnshire, IL PURPOSE: CHARITABLE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Virginia Arts Festival Inc Norfolk, VA | $42,180,047 | $13,814,301 |
National Business Officers Association Inc Washington, DC | $10,181,383 | $5,458,138 |
The Museum Of Language Arts Incorporated Washington, DC | $22,277,823 | $2,812,502 |
American Council Of Trustees And Alumni Washington, DC | $7,091,133 | $4,080,282 |
National Academy Of Education Washington, DC | $13,224,387 | $700,923 |
Mission West Virginia Hurricane, WV | $896,692 | $3,486,347 |
The Memorial Foundation Washington, DC | $1,841,102 | $3,723,853 |
Downtown Columbia Arts And Culture Commission Inc Columbia, MD | $56,227,844 | $6,192,561 |
Chorus America Association Washington, DC | $2,563,365 | $1,205,440 |
International Critical Incident Stress Foundation Inc Ellicott City, MD | $1,604,340 | $2,401,353 |
American Association Of People With Disabilities Washington, DC | $6,573,327 | $4,673,806 |