Civic Intelligence

The Madison Foundation Inc.

990 • Fiscal year 2018 • EIN 06-1450717

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

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

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

44th percentile

-0.4%

Faster asset growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

24%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,137,925

Down $4,014 (-0.4%) from 2017

Net Assets

Down

$1,137,274

Down $4,618 (-0.4%) from 2017

Liabilities

Up

$651

Up $604 (+1285%) from 2017

Revenue

Up

$308,456

Up $59,197 (+24%) from 2017

Expenses

Up

$157,760

Up $24,533 (+18%) from 2017

Net Income

Up

$150,696

Up $34,664 (+30%) from 2017

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

2018

Assets$1,137,925
Liabilities$651
Net Assets$1,137,274

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

2018

Revenue$308,456
Expenses$157,760
Net Income$150,696
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$382,727
Mission and Program Overview

Mission

CHARITABLE

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$976,390$968,529▼ $7,861
Cash and Non-Interest-Bearing Accounts$113,361$117,215▲ $3,854
Savings and Temporary Cash Investments$52,134$52,127▼ $7
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$1,141,939$1,137,925▼ $4,014
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$47$651▲ $604
Total Liabilities$47$651▲ $604
Net Assets / Fund Balance
Unrestricted Net Assets$1,141,892$1,137,274▼ $4,618
Total Net Assets Fund Balance$1,141,892$1,137,274▼ $4,618
Total Liabilities and Net Assets / Fund Balance$1,141,939$1,137,925▼ $4,014

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
Craig BernardDirector
David AllenDirector
Elizabeth DepierroDirector
Jo MontgomereyDirector
Jon LeckerlingDirector
Laurie HeflinDirector
Nancy LavinDirector
Rick CampDirector
Alice GordonDirector Emeritus
Geoff PalmerDirector Emeritus
John BradyDirector Emeritus
Anne FoleySecretary
Charles F Walz IvTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$196,038
Program Service Revenue
$0
Investment Income
$87,071
Other Revenue
$25,347
All Other Contributions
$170,838
Change in Net Assets
$150,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$127,926
Other Expenses$29,834
Total Fundraising Expense$507
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$127,926--$127,926
Fees for Services Other-$9,396-$9,396
Fees for Service Investment Mgmnt Fees-$7,115-$7,115
Fees for Services Accounting-$3,275-$3,275
Advertising-$1,510-$1,510
Office Expenses-$619-$619
Other Expenses-$525$507$507
Insurance-$305-$305
All Other Expenses-$41-$41
Total Functional Expenses$127,926$29,327$507$157,760
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Daniel Hand High SchoolMadison, CTTown of Madison, CtScholarships$38,100
Madison Youth & Family ServicMadison, CTTown of Madison, CtSupport Needy Madison Residents$20,000
Madison Community ServicesMadison, CT501(c)(3)Stocked the Food Pantry$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,325
Fundraising Direct Expenses$9,978
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Block Party$60,525$35,325$4,242$31,083
Total Events$60,525$35,325$9,978$25,347
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
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renee Pallenberg
Formed
1996
Legal Domicile
Ct
Voting Board Members
14
Independent Board Members
14
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/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt025200
IRS990/FundraisingDirectExpensesAmt09978
IRS990/FundraisingGrossIncomeAmt035325
IRS990/GainOrLossGrp/SecuritiesAmt04688
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt077266
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0127926
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0127926
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt068981
IRS990/GrossReceiptsAmt0382727
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0305
IRS990/InsuranceGrp/TotalAmt0305
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt082383
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt082383
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0976390
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0968529
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01124
IRS990/LandBldgEquipBasisNetGrp/BOYAmt054
IRS990/LandBldgEquipBasisNetGrp/EOYAmt054
IRS990/LandBldgEquipCostOrOtherBssAmt01178
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt064293
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/NetAssetsOrFundBalancesBOYAmt01141892
IRS990/NetAssetsOrFundBalancesEOYAmt01137274
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04688
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04688
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt025347
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt025347
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-155314
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0619
IRS990/OfficeExpensesGrp/TotalAmt0619
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/Desc1Professional dues
IRS990/OtherExpensesGrp/Desc2Licenses & administrative fees
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/FundraisingAmt0507
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05496
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11045
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2525
IRS990/OtherExpensesGrp/TotalAmt05496
IRS990/OtherExpensesGrp/TotalAmt11045
IRS990/OtherExpensesGrp/TotalAmt2525
IRS990/OtherExpensesGrp/TotalAmt3507
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/ExpenseAmt050660
IRS990/ProgSrvcAccomActy2Grp/GrantAmt050660
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0167160
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0105087
IRS990/PYInvestmentIncomeAmt054221
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt028140
IRS990/PYOtherRevenueAmt027878
IRS990/PYRevenuesLessExpensesAmt0116032
IRS990/PYTotalExpensesAmt0133227
IRS990/PYTotalRevenueAmt0249259
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0150696
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt052134
IRS990/SavingsAndTempCashInvstGrp/EOYAmt052127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0196038
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0167160
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0119309
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0116095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0196802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0795404
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt082383
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt054372
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt026827
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt057915
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt045967
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0267464
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58690
IRS990ScheduleA/PublicSupportPY170Pct00.65030
IRS990ScheduleA/PublicSupportTotal170Amt0623783
IRS990ScheduleA/SubstantialContributorsTotAmt0171621
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0196038
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0167160
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0119309
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0116095

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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
2018Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.31$0.16$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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