Civic Intelligence

The Madison Foundation Inc.

990 • Fiscal year 2022 • EIN 06-1450717

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

81st percentile

32%

Higher net margin than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

31st percentile

-4.4%

Faster asset growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

9.1%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,917,568

Down $88,165 (-4.4%) from 2021

Net Assets

Down

$1,911,386

Down $91,396 (-4.6%) from 2021

Liabilities

Up

$6,182

Up $3,231 (+109%) from 2021

Revenue

Up

$430,540

Up $35,881 (+9.1%) from 2021

Expenses

Up

$292,911

Up $16,144 (+5.8%) from 2021

Net Income

Up

$137,629

Up $19,737 (+17%) from 2021

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

2022

Assets$1,917,568
Liabilities$6,182
Net Assets$1,911,386

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

2022

Revenue$430,540
Expenses$292,911
Net Income$137,629
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$465,906
Mission and Program Overview

Mission

CHARITABLE

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,759,060$1,572,279▼ $186,781
Cash and Non-Interest-Bearing Accounts$176,744$244,500▲ $67,756
Savings and Temporary Cash Investments$65,745$65,778▲ $33
Accounts Receivable$4,130$34,957▲ $30,827
Land, Buildings, and Equipment, Net$54$54→ $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$2,005,733$1,917,568▼ $88,165
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$2,951$6,182▲ $3,231
Total Liabilities$2,951$6,182▲ $3,231
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,002,782$1,911,386▼ $91,396
Total Net Assets Fund Balance$2,002,782$1,911,386▼ $91,396
Total Liabilities and Net Assets / Fund Balance$2,005,733$1,917,568▼ $88,165

Asset Categories

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

Board Members and Trustees

NameTitle
Peter RoosPresident
Stephen DowlerVice President
Chris KilbourneDirector
Geoff PalmerDirector
Joanne DubosqueDirector
Jon LeckerlingDirector
Karen SiclariDirector
Laurie HeflinDirector
Leigh HigginsDirector
Renee PallenbergDirector
Rick CampDirector
Alice GordonDirector Emeritus
Geoff PalmerDirector Emeritus
John BradyDirector Emeritus
David AllenSecretary
Andrew CialekTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$390,065
Program Service Revenue
$0
Investment Income
$28,576
Other Revenue
$11,899
All Other Contributions
$329,637
Change in Net Assets
$137,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$230,406
Other Expenses$62,505
Total Fundraising Expense$7,181
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$230,406--$230,406
Advertising-$6,487$4,610$11,097
Fees for Service Investment Mgmnt Fees-$10,508-$10,508
Fees for Services Other-$9,496-$9,496
Fees for Services Accounting-$3,685-$3,685
Office Expenses-$1,832-$1,832
Other Expenses-$1,969$1,613$1,613
All Other Expenses-$1,448-$1,448
Insurance-$1,168-$1,168
Conferences and Meetings-$399-$399
Total Functional Expenses$230,406$55,324$7,181$292,911
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Daniel Hand High SchoolMadison, CT501(c)(3)Stocked the Food Pantry$32,600
Madison Youth & Family ServicMadison, CTCity of New HavenDrug Free Schools in Madison$12,000
Black Rock Canines LLCNaugatuck, CTTown of MadisonScholarships$0
Madison Community ServicesMadison, CTTown of MadisonSupport Needy Madison Residents$0
Treasurer City of New HavenNew Haven, CT--$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,265
Fundraising Direct Expenses$35,366
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Demandzero$107,693$47,265$10,241$37,024
Total Events$107,693$47,265$35,366$11,899
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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, Section B, Line 11B

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, Section B, Line 12C

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, Section C, Line 19

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
Peter Roos
Title
President
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Roos
Formed
1996
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
10

Preparer

Firm
Mason DiMarco Shaw & Leone P C
Address
141 Durham Rd Ste 14, Madison, CT 06443
Preparer
Jonathan Leone
Phone
2032459264
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01168
IRS990/InsuranceGrp/TotalAmt01168
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt04750
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt01759060
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01572279
IRS990/IRPDocumentCnt04
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IRS990/LandBldgEquipCostOrOtherBssAmt01178
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CHARITABLE
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02002782
IRS990/NetAssetsOrFundBalancesEOYAmt01911386
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt023826
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt023826
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt011899
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011899
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-229025
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02002782
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01911386
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01832
IRS990/OfficeExpensesGrp/TotalAmt01832
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Outside Services
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2Licenses & administrative fees
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
IRS990/OtherExpensesGrp/FundraisingAmt0958
IRS990/OtherExpensesGrp/FundraisingAmt11613
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012588
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15744
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21969
IRS990/OtherExpensesGrp/TotalAmt012588
IRS990/OtherExpensesGrp/TotalAmt16702
IRS990/OtherExpensesGrp/TotalAmt21969
IRS990/OtherExpensesGrp/TotalAmt31613
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/PrincipalOfficerNm0PETER ROOS
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/ExpenseAmt061020
IRS990/ProgSrvcAccomActy2Grp/GrantAmt061020
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0335845
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0226400
IRS990/PYInvestmentIncomeAmt028071
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt050367
IRS990/PYOtherRevenueAmt030743
IRS990/PYRevenuesLessExpensesAmt0117892
IRS990/PYTotalExpensesAmt0276767
IRS990/PYTotalRevenueAmt0394659
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0137629
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065745
IRS990/SavingsAndTempCashInvstGrp/EOYAmt065778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0329637
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0335845
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0379516
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0349540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0196038
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01590576
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07967
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02461
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08787
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt082383
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0106348
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70400
IRS990ScheduleA/PublicSupportPY170Pct00.67950
IRS990ScheduleA/PublicSupportTotal170Amt01194711
IRS990ScheduleA/SubstantialContributorsTotAmt0395865
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0329637
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0335845
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0379516
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0349540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0196038
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01590576
IRS990ScheduleA/TotalSupportAmt01696924
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2022Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $1M-$5M nonprofits