350 Madison Inc
- Assets
- $311.2k
- Revenue
- $388.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 09/2016
- Data as of
- 06/2022
- EIN
- 81-0817375
Organization Overview
350 Madison Inc is located in Madison, WI. The organization was established in 2016. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 350 Madison 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, 350 Madison Inc generated $388.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.9% each year . All expenses for the organization totaled $177.1k during the year ending 06/2022. While expenses have increased by 18.4% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
350 MADISON MOBILIZES PEOPLE TO TAKE ACTION ON CLIMATE CHANGE AND DEMAND A RAPID TRANSITION TO A JUST AND SUSTAINABLE WORLD POWERED BY CLEAN, RENEWABLE ENERGY.? THROUGH OUR CAMPAIGNS, WE OPPOSE PIPELINES AND OTHER FOSSIL FUEL INFRASTRUCTURE, WORK WITH LOCAL? GOVERNMENTS TO? CONVERT SOCIETY TO CLEAN RENEWABLE ENERGY,? PRESSURE LARGE FINANCIAL INSTITUTIONS TO STOP FINANCING FOSSIL FUEL COMPANIES, AND PROMOTE CHANGES FOR A HEALTHY, SUSTAINABLE ENVIRONMENT.
Describe the Organization's Program Activity:
OPPOSE REROUTING AND SEEK DECOMMISSIONING OF ENBRIDGE LINE 5 IN NORTHERN WISCONSIN PRESSURED FINANCIAL INSTITUTIONS TO DIVEST FROM FOSSIL FUELS, INCLUDING PARTICIPATION IN THE NATIONAL CHASE OUT OF TAR SANDS AND STOP THE MONEY PIPELINE CAMPAIGNS PROMOTED CONVERSION TO RENEWABLE ENERGY IN DANE COUNTY COMMUNITIES SUPPORTED YOUTH-LED CLIMATE ACTION ORGANIZATIONS AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Nordheim President | Officer | 25 | $0 |
Kermit Hovey Secretary | Officer | 5 | $0 |
Tanace Matthiesen Vice President | Officer | 5 | $0 |
William Backes Treasurer | Officer | 5 | $0 |
Kurt Kimber Director | Trustee | 5 | $0 |
Emily Park Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,149 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,705 |
| Total Program Service Revenue | $0 |
| Investment income | $161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $388,072 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,579 |
| Fees for services: Accounting | $4,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,342 |
| Advertising and promotion | $2,723 |
| Office expenses | $384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,904 |
| Travel | $1,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,196 |
| All other expenses | $4,113 |
| Total functional expenses | $177,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,037 |
| Savings and temporary cash investments | $221,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,623 |
| 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 | $311,151 |
| Accounts payable and accrued expenses | -$1 |
| 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 | $4,004 |
| Total liabilities | $4,003 |
| Net assets without donor restrictions | $95,860 |
| Net assets with donor restrictions | $211,288 |
| 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 | $311,151 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that 350 Madison Inc has recieved totaling $36,069.
| Awarding Organization | Amount |
|---|---|
350 Org Brooklyn, NY PURPOSE: SUPPORT ON NATIONAL ORGANIZING | $36,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nature Conservation Tr Decatur, IL | $57,715,596 | $381,907 |
Midwest Renewable Energy Tracking System Inc Minneapolis, MN | $5,568,643 | $5,848,672 |
Madison Environmental Resourcing Inc Waunakee, WI | $4,401,119 | $2,770,158 |
Clean Wisconsin Inc Madison, WI | $3,664,321 | $2,671,519 |
Carbon Vaults Inc Chicago, IL | $7,854,784 | $6,863,447 |
Healthy Schools Campaign Chicago, IL | $1,996,145 | $2,302,932 |
International Association Of Heat & Frost Insulators & Allied Workers Pewaukee, WI | $2,590,440 | $1,417,375 |
Iowa Agriculture Water Alliance Ankeny, IA | $1,276,775 | $1,465,048 |
International Association Of Heat & Frost Insulators & Allied Workers Southfield, MI | $2,342,555 | $1,140,353 |
The Gaia-Movement Living Earth Green World Action Usa Inc Chicago, IL | $962,435 | $1,424,775 |
Intl Assn Of Heat And Frost Insulators & Allied Wrkrs Local 47 Lansing, MI | $959,497 | $1,143,465 |
Black Oaks Center For Sustainable Renewable Living Nfp Chicago, IL | $1,326,661 | $1,251,747 |