Madden Charities Inc

The information for Madden Charities Inc is as of the organization's most recent filing in December '21. This organization is located in Pleasanton, CA. It has been in existence for 33 years, following its founding in 1988.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Madden Charities Inc's NTEE code is T30. The "T" indicates that the organization falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. The "30" signifies that it is a Public Foundation. Public Foundations are organizations that primarily receive funding or support from the general public and focus on grantmaking to carry out charitable activities for the common welfare. Madden Charities Inc is classified under Section Code 3, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, fostering Amateur Sports Competition, and preventing Cruelty to Children or Animals Organizations. The mission of Madden Charities Inc is to provide financial support to other community-based organizations.

Program Areas

Program Area 1: Direct grants for charities are reported within this program area. This includes all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Program Area 2: Direct grants for community betterment are the focus of this program area. The organization uses this fund to provide financial support aimed at improving the community.

Program Area 3: Within the organization, this program area focuses on providing support to other charitable organizations. This includes reporting all revenues, support, and functional expenses that are associated with this specific type of support.

Board Governance

Based on the information provided, Madden Charities Inc, does not appear to be well-governed. The organization has a small number of voting members, with no independent members. This lack of independence can lead to potential conflicts of interest going unchecked. Furthermore, the organization does not have a conflict of interest policy, which is essential in ensuring that decisions are made in the best interest of the organization rather than personal gain. The lack of documentation for board and committee meetings is also concerning. Documenting these meetings is crucial for transparency and accountability. Without proper documentation, it becomes difficult to track decisions, actions, and discussions that take place within the organization. Additionally, Madden Charities Inc does not have important policies in place such as a whistleblower policy, document retention policy, or a policy for substantiating and reviewing leadership and officer salaries. These policies are important for ensuring ethical behavior, protecting whistleblowers, and maintaining financial transparency. Lastly, the organization does not provide copies of the 990 to the board prior to filing. This deprives the board members of the opportunity to review and assess the organization's financial information before it is submitted. Overall, Madden Charities Inc lacks several key governance practices and policies that are essential for effective and transparent operations. It is recommended that the organization takes steps to address these gaps and improve its governance practices.

Organization Growth

Madden Charities Inc has experienced growth over the given time period. Contributions and grants received increased from $391.1K in 2015 to $1000.0K in 2021, indicating an increase in support from donors. Investment income also increased from $174.9K in 2015 to $200.8K in 2021, suggesting successful financial management. The organization's total revenue grew from $566.0K in 2015 to $1.2M in 2021, demonstrating overall growth in funding sources. Additionally, grants paid increased from $548.1K in 2015 to $852.6K in 2021, indicating an expansion in the organization's impact and support for other causes. Finally, total expenses increased from $630.3K in 2015 to $855.5K in 2021, reflecting the organization's growth in operations and programs. Overall, Madden Charities Inc has experienced growth in various aspects, showcasing its progress and increased impact over the given time period.