Civic Intelligence

The Madison Foundation Inc.

990 • Fiscal year 2017 • EIN 06-1450717

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

PO Box 446Madison, CT 06443

(203) 245-3887

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

90th percentile

47%

Higher net margin than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

80th percentile

20%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

42%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,141,939

Up $191,550 (+20%) from 2016

Net Assets

Up

$1,141,892

Up $193,882 (+20%) from 2016

Liabilities

Down

$47

Down $2,332 (-98%) from 2016

Revenue

Up

$249,259

Up $74,071 (+42%) from 2016

Expenses

Up

$133,227

Up $34,418 (+35%) from 2016

Net Income

Up

$116,032

Up $39,653 (+52%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $505,234Liabilities 2011: $900Net Assets 2011: $504,3342011Assets 2012: $613,093Liabilities 2012: $1,828Net Assets 2012: $611,2652012Assets 2013: $707,875Liabilities 2013: $2,309Net Assets 2013: $705,5662013Assets 2014: $839,276Liabilities 2014: $4,778Net Assets 2014: $834,4982014Assets 2015: $839,571Liabilities 2015: $1,095Net Assets 2015: $838,4762015Assets 2016: $950,389Liabilities 2016: $2,379Net Assets 2016: $948,0102016Assets 2017: $1,141,939Liabilities 2017: $47Net Assets 2017: $1,141,8922017Assets 2018: $1,137,925Liabilities 2018: $651Net Assets 2018: $1,137,2742018Assets 2019: $1,490,226Liabilities 2019: $4,472Net Assets 2019: $1,485,7542019Assets 2020: $1,771,770Liabilities 2020: $5,502Net Assets 2020: $1,766,2682020Assets 2021: $2,005,733Liabilities 2021: $2,951Net Assets 2021: $2,002,7822021Assets 2022: $1,917,568Liabilities 2022: $6,182Net Assets 2022: $1,911,3862022Assets 2023: $2,172,421Liabilities 2023: $2,156Net Assets 2023: $2,170,2652023Assets 2024: $2,450,342Liabilities 2024: $0Net Assets 2024: $2,450,3422024

Highlighted filing

2017

Assets$1,141,939
Liabilities$47
Net Assets$1,141,892

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Expenses 2011: $119,5322011Expenses 2012: $109,3992012Revenue 2013: $185,902Expenses 2013: $128,621Net Income 2013: $57,2812013Revenue 2014: $280,819Expenses 2014: $131,275Net Income 2014: $149,5442014Revenue 2015: $202,329Expenses 2015: $124,766Net Income 2015: $77,5632015Revenue 2016: $175,188Expenses 2016: $98,809Net Income 2016: $76,3792016Revenue 2017: $249,259Expenses 2017: $133,227Net Income 2017: $116,0322017Revenue 2018: $308,456Expenses 2018: $157,760Net Income 2018: $150,6962018Revenue 2019: $380,989Expenses 2019: $170,037Net Income 2019: $210,9522019Revenue 2020: $404,915Expenses 2020: $354,301Net Income 2020: $50,6142020Revenue 2021: $394,659Expenses 2021: $276,767Net Income 2021: $117,8922021Revenue 2022: $430,540Expenses 2022: $292,911Net Income 2022: $137,6292022Revenue 2023: $483,470Expenses 2023: $390,451Net Income 2023: $93,0192023Revenue 2024: $505,167Expenses 2024: $363,810Net Income 2024: $141,3572024

Highlighted filing

2017

Revenue$249,259
Expenses$133,227
Net Income$116,032
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.2
Gross Receipts
$265,401
Mission and Program Overview

Mission

CHARITABLE

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$802,858$976,390▲ $173,532
Cash and Non-Interest-Bearing Accounts$96,638$113,361▲ $16,723
Savings and Temporary Cash Investments$50,839$52,134▲ $1,295
Land, Buildings, and Equipment, Net$54$54→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$950,389$1,141,939▲ $191,550
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$2,379$47▼ $2,332
Total Liabilities$2,379$47▼ $2,332
Net Assets / Fund Balance
Unrestricted Net Assets$948,010$1,141,892▲ $193,882
Total Net Assets Fund Balance$948,010$1,141,892▲ $193,882
Total Liabilities and Net Assets / Fund Balance$950,389$1,141,939▲ $191,550

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$54$1,124$1,178
Compensation and Service Providers

Board Members and Trustees

NameTitle
Renee PallenbergPresident
Leigh HigginsVice President
Brandon RomanchokDirector
Chris KilbourneDirector
David AllenDirector
Elizabeth DepierroDirector
Jo MontgomereyDirector
Jon LeckerlingDirector
Laurie HeflinDirector
Rick CampDirector
Alice GordonDirector Emeritus
Geoff PalmerDirector Emeritus
John BradyDirector Emeritus
Anne FoleySecretary
Charles WalzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,160
Program Service Revenue
$0
Investment Income
$54,221
Other Revenue
$27,878
All Other Contributions
$141,335
Change in Net Assets
$116,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$105,087
Other Expenses$28,140
Total Fundraising Expense$1,349
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$105,087--$105,087
Fees for Services Other-$8,560-$8,560
Fees for Service Investment Mgmnt Fees-$6,744-$6,744
Fees for Services Accounting-$3,275-$3,275
Office Expenses-$560$460$1,020
Advertising-$800-$800
Insurance-$305-$305
Other Expenses-$135$889$135
All Other Expenses-$125-$125
Total Functional Expenses$105,087$26,791$1,349$133,227
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Daniel Hand High SchoolMadison, CTTown of Madison, CtScholarships$19,850
Madison Youth & Family ServicMadison, CTTown of Madison, CtSupport Needy Madison Residents$14,000
Madison Community ServicesMadison, CT501(c)(3)Stocked the Food Pantry$500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$37,125
Fundraising Direct Expenses$9,247
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Block Party$62,950$37,125$2,992$34,133
Total Events$62,950$37,125$9,247$27,878
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The treasurer reviews the return with the finance committee and then the governing body receives a pdf of the entire form 990 for their review and are advised of the filing date.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

In addition to the requirement for directors to annually disclose their interests that could give rise to a conflict of interest, the directors have knowledge of and understand the conflict of interest policy which promotes ongoing compliance.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public. Documents that are legally required to be available to the public are available upon request.

Filing and Contact Details

Filer

Filer Name
The Madison Foundation
EIN
06-1450717
Phone
2032453887
Address
PO BOX 446, MADISON, CT 06443

Signing Officer

Name
Renee Pallenberg
Title
President
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Pallenberg
Formed
1996
Legal Domicile
Ct
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Mason Di Marco & Shaw PC
Address
141 Durham Rd STE 14, Madison, CT 06443
Preparer
Robert L Dimarco
Phone
2032459264
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IRS990/InsuranceGrp/ManagementAndGeneralAmt0305
IRS990/InsuranceGrp/TotalAmt0305
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt054372
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt054372
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0802858
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0976390
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01124
IRS990/LandBldgEquipBasisNetGrp/BOYAmt054
IRS990/LandBldgEquipBasisNetGrp/EOYAmt054
IRS990/LandBldgEquipCostOrOtherBssAmt01178
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06895
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CHARITABLE
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0948010
IRS990/NetAssetsOrFundBalancesEOYAmt01141892
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-151
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-151
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt027878
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt027878
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt077850
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt0460
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0560
IRS990/OfficeExpensesGrp/TotalAmt01020
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1Postage and Shipping
IRS990/OtherExpensesGrp/Desc2Bank charges
IRS990/OtherExpensesGrp/Desc3Professional dues
IRS990/OtherExpensesGrp/FundraisingAmt0889
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05628
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1659
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2135
IRS990/OtherExpensesGrp/TotalAmt05628
IRS990/OtherExpensesGrp/TotalAmt1889
IRS990/OtherExpensesGrp/TotalAmt2659
IRS990/OtherExpensesGrp/TotalAmt3135
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RENEE PALLENBERG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0N2N program (Neighbor to Neighbor) - helping Town of Madison residents through current challenging times by monitoring and supporting the Town of Madison's social services and food pantry's needs.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt042707
IRS990/ProgSrvcAccomActy2Grp/GrantAmt042707
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0126961
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt068182
IRS990/PYInvestmentIncomeAmt025441
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt030627
IRS990/PYOtherRevenueAmt022786
IRS990/PYRevenuesLessExpensesAmt076379
IRS990/PYTotalExpensesAmt098809
IRS990/PYTotalRevenueAmt0175188
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0116032
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050839
IRS990/SavingsAndTempCashInvstGrp/EOYAmt052134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0167160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0119309
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0116095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0196802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0143273
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0742639
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt054372
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026827
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt057915
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt045967
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt028656
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0213737
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65030
IRS990ScheduleA/PublicSupportPY170Pct00.72040
IRS990ScheduleA/PublicSupportTotal170Amt0621900
IRS990ScheduleA/SubstantialContributorsTotAmt0120739
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0167160
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0119309
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0116095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0196802
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0143273
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0742639
IRS990ScheduleA/TotalSupportAmt0956376
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt085940
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt033698
IRS990ScheduleD/DonorAdvisedFundsHeldCnt014
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0593020
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt054
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01124
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01178
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$0.00$2.45$0.51$0.36$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.48$0.39$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.01$1.91$0.43$0.29$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.00$0.39$0.28$0.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.01$1.77$0.40$0.35$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.00$1.49$0.38$0.17$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.00$1.14$0.31$0.16$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.25$0.13$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.00$0.95$0.18$0.10$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.00$0.84$0.20$0.12$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.83$0.28$0.13$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.19$0.13$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.61$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.50$0.12