Madden Foundation Inc
- Assets
- $10.7m
- Revenue
- $942.2k
- Investments
- $9.3m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- Data as of
- 12/2022
- EIN
- 85-0653202
Organization Overview
Madden Foundation Inc is located in Lexington, KY. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Madden 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, Madden Foundation Inc generated $942.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (43.5%) each year. All expenses for the organization totaled $233.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Madden Foundation Inc has awarded 30 individual grants totaling $532,173. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director / CFO | 1 | $0 | |
Name Not Listed Director / Secretary | 1 | $0 | |
Name Not Listed Director / CEO | 1 | $0 | |
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $276,212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $658,458 |
| Capital Gain Net Income | $658,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $942,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,557 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,060 |
| Total operating and administrative expenses | $65,668 |
| Contributions, gifts, grants paid | $168,050 |
| Total expenses and disbursements | $233,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,889 |
| Savings and temporary cash investments | $1,404,869 |
| 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 | $10,706,272 |
| 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, Madden Foundation Inc has awarded $168,050 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BLUEGRASS CARE NAVIGATORS PURPOSE: GENERAL ASSISTANCE | $2,500 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL ASSISTANCE | $5,000 |
CAMBRIDGE IN AMERICA PURPOSE: GENERAL ASSISTANCE | $25,000 |
FOUNDATION FOR APPALACHIAN KENTUCKY PURPOSE: GENERAL ASSISTANCE | $5,000 |
HEADLEY-WHITNEY MUSEUM PURPOSE: GENERAL ASSISTANCE | $5,000 |
INDIANA UNIVERSITY SOUTHEAST PURPOSE: GENERAL ASSISTANCE | $10,000 |