Madelia Strong Inc
- Assets
- $24.0k
- Revenue
- $106.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Madelia, MN
- Founding
- 06/2018
- Data as of
- 12/2017
- EIN
- 81-1422448
Organization Overview
Madelia Strong Inc is located in Madelia, MN. The organization was established in 2018. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madelia Strong Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
MADELIA COMMUNITY FOUNDATION, INC. IS ESTABLISHED TO SEEK, ACCEPT AND ADMINISTER CONTRIBUTIONS OF ALL KINDS TO HELP MEET THE CHARITABLE NEEDS OF RESIDENTS IN AND AROUND MADELIA, MINNESOTA, BY ALL APPROPRIATE MEANS, INCLUDING MAKING GRANTS, PARTICIPATING IN COMMUNITY PROJECTS AND STUDIES, AND PROVIDING RELATED CHARITABLE SERVICES TO ORGANIZATIONS AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADELIA COMMUNITY FOUNDATION, INC. PROVIDED EMERGENCY DISASTER RELIEF TO BUSINESSES AND EMPLOYEES THAT WERE AFFECTED BY A CATASTOPHIC FIRE THAT DESTROYED A SIGNIFICANT PORTION OF THE BUSINESS DISTRICT IN MADELIA ON FEBURARY 3, 2016. THE AID ADMINISTERED TO DISPLACED EMPLOYEES HELPED THEM SUPPORT THEIR FAMILIES UNTIL BUSINESSES AFFECTED BY THE FIRE RE-OPENED IN NEW OR TEMPORARY LOCATIONS. AID ADMINISTERED TO BUSINESSES WAS USED TO REBUILD AND RE-ESTABLISH BUSINESS ACTIVITIES. ALL OF THE PUBLIC SUPPORT RECEIVED BY THE ORGANIZATION WAS IN RESPONSE TO A CATASTOPHIC FIRE THAT OCCURED ON FEBRUARY 3, 2016 IN MADELIA, MINNESOTA TO ASSIST THOSE AFFECTED BY THE FIRE TO RECOVER FROM THE DISASTER.
MADELIA COMMUNITY FOUNDATION, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. THE PURPOSE OF MADELIA COMMUNITY FOUNDATION, INC. IS TO SEEK, ACCEPT AND ADMINISTER CONTRIBUTIONS OF ALL KINDS TO HELP MEET THE CHARITABLE NEEDS OF RESIDENTS IN AND AROUND MADELIA, MINNESOTA, BY ALL APPROPRIATE MEANS, INCLUDING MAKING GRANTS, PARTICIPATING IN COMMUNITY PROJECTS AND STUDIES, AND PROVIDING RELATED CHARITABLE SERVICES TO ORGANIZATIONS AND INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Osborne President | OfficerTrustee | 10 | $0 |
Dan Mccabe Vice Preside | OfficerTrustee | 1 | $0 |
Dennis Swenson Treasurer | OfficerTrustee | 1 | $0 |
Glenda Arndt Secretary | OfficerTrustee | 1 | $0 |
Mark Denn Director | Trustee | 0.5 | $0 |
Colleen Jacobs Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,005 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $106,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $263,310 |
| Grants and other assistance to domestic individuals. | $19,636 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $618 |
| Fees for services: Accounting | $6,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $328 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206 |
| Insurance | $1,045 |
| All other expenses | $0 |
| Total functional expenses | $319,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,657 |
| 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 | $309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,966 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $23,966 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $23,966 |
Grants Awarded
Over the last fiscal year, Madelia Strong Inc has awarded $255,575 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GUNDERSON PROPERTIES LLC15 WEST MAIN LLC PURPOSE: FIRE DISASTER RELIEF | $57,275 |
LA PLAZA FIESTA LLC PURPOSE: FIRE DISASTER RELIEF | $133,350 |
DREAM RIVER MARKETING GROUP LLC PURPOSE: FIRE DISASTER RELIEF | $64,950 |